Plastic2Oil Inc (PTOI)

[scion]

John Bordynuik is the founder of the Company and has served as the Chairman, CEO, and President of the Company since 2009.

Prior to that, Mr. Bordynuik was President and CEO of John Bordynuik, Inc, a Company acquired by JBI, Inc. as well as a consultant at MIT's Computer Science and Artificial Intelligence Laboratory in their Math and Computation Group. He addressed MIT's legacy computer data issues by developing highly sophisticated technology to read these tapes and has since recovered all of the research stored on more than 10,000 tapes.

Mr. Bordynuik attended Brock University from where he was directly hired into the Ontario Legislature.

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We were incorporated on April 20, 2006 under the laws of the State of Nevada under the name 310 Holdings Inc. (“310”).

On April 24, 2009, John Bordynuik, purchased 63% of the issued and outstanding shares of 310 and became our chairman and chief executive officer and we commenced the development of the P2O business.

On June 25, 2009, we purchased certain assets from John Bordynuik, Inc., a corporation founded by Mr. Bordynuik. The assets acquired included tape drives, computer hardware, servers and a mobile data recovery container to read and transfer data from magnetic tapes. All of the assets purchased are used in our Data Business.

On August 24, 2009, we acquired all of the outstanding shares of Javaco, Inc., a wholly owned subsidiary of Domark International, Inc. On September 30, 2009, we acquired 100% of the issued and outstanding equity interests of Pak-It, LLC. We formed JBI (Canada) Inc. on February 9, 2010 for purposes of distributing Pak-It products in Canada.

From inception until August 2009, we were a shell company within the meaning of the rules of the Securities and Exchange Commission. On October 5, 2009, we changed our corporate name to JBI, Inc. On February 10, 2012, we sold substantially all the assets of Pak-It. Our common stock is quoted on the OTCQB Market under the symbol “JBII”.

Jbi/Inc · 10-K/A · For 12/31/11
http://www.secinfo.com/d151E3.p22a.htm?Find=data&Line=633#Line633