Plastic2Oil Inc (PTOI)

[abrooklyn]

http://www.plastic2oil.com/site/news-releases-master/2013/05/15/jbi-inc-offers-board-of-directors-update

News Releases
JBI, Inc. Offers Board of Directors Update

Posted May 15th, 2013 in 2013 News Releases

Niagara Falls, New York, May 15, 2013 - JBI, Inc. (the “Company” or “JBI”) (OTCQB: JBII), a clean energy company that recycles waste plastic into liquid fuels, announced an update today with regards to its Board of Directors search.

JBI President and CEO Tony Bogolin stated, “Constituting a Board of qualified independent Directors remains a paramount priority for the Company. The process of identifying candidates with the experience and professional ethics that we desire and know that our shareholders expect is not a simple one. We have identified and are in discussions with several highly qualified candidates and are hopeful that completion of the recruiting process and due diligence will result in a positive outcome.”

Matthew Ingham, JBI’s Chief Financial Officer said, “The Company is in discussions with professional recruiting firms that have the capabilities to assist us in continuing to move forward with our search. We are continuing to deploy the resources necessary to complete this very important step in the Company’s history.”

In 2012, JBI, Inc. processed 1.7 million pounds of plastic and produced 317,000 gallons of in-spec end user fuels. For further information about the Company’s first fiscal quarter 2013, including its financial results, readers of this press release should review the Company’s disclosures in its Quarterly Report on Form 10-Q, which is publicly available on the website of the Securities and Exchange Commission at www.sec.gov.