Plastic2Oil Inc (PTOI)

[Artiztic1]

I wonder what ever happened to OXY...no re-sales...no service agreement...hmmm




12 - 29 - 11 : John Bordynuik recaps Amazing 2011 Progress, DD

As 2011 comes to a close, John Bordynuik, Founder and CEO of JBI, Inc. (the "Company") (OTCQX:JBII), offers a recap of the Company's progress and key milestones over the past 12 months.

"It's been an exciting year for the Company," states Bordynuik. "We've taken significant steps forward and on many levels have out-paced traditional industry timelines -- and it has been a team effort." He continues, "The successes we've seen in 2011 have involved many months of extensive testing, third party analysis and validation, and corporate due diligence. We are proud of our accomplishments and are confident about our growth moving into the next fiscal year."

In May 2011, JBI, Inc. announced its first sale of fuel produced by the Company's patent-pending Plastic2Oil(R) ("P2O") process. Shortly thereafter, Coco Asphalt Engineering, a division of Coco Paving, Inc., entered into a Supply and Service Agreement for the Company's ultra-clean, ultra-low sulphur fuel.