Something is brewing with JBII...
The Brewer Group Announces Strategic Partnership With JBI, Inc.
TBG and JBI Partner to Enhance Business Development and Global Expansion Efforts
MINNEAPOLIS, MN and NIAGARA FALLS, NY--(Marketwired - Feb 26, 2014) - The Brewer Group, Inc. ("TBG"), a global investment advisory firm, announced a new strategic partnership with JBI, Inc. (the "Company" or "JBI") (OTCQB: JBII), a clean energy company that recycles waste plastic into liquid fuels. TBG will provide tailored services to JBI in effort to enhance business development and global distribution for the Company, including providing access to numerous markets throughout the world.
JBI has the ability to change the way the world handles waste plastic and plastic recycling through their proprietary Plastic2Oil® technology, which can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills.
"I am thrilled to have the opportunity to help JBI advance their progress in the renewable energy space and we look forward to taking on the challenges presented by the abundance of plastic waste," said His Excellency Ambassador Jack Brewer, The Brewer Group CEO. "We expect JBI to be a centerpiece of our global sustainable energy initiatives. Prior to making the decision to invest in JBI, we engaged in extensive due diligence along with our global partners whose clients would benefit from the purchase of Plastic2Oil® machines."
By upholding its "global vision with a social impact" mission, The Brewer Group's established international network puts them in the unique position to help JBI continue to build their brand domestically and internationally as well as help facilitate strategic development opportunities in various global markets. The partnership will specifically focus on global expansion using TBG's exclusive network and established relationships with key international decision makers spanning government development agencies, financial institutions, private equity firms, corporations, NGO's and major distribution partners in numerous continents including throughout the Caribbean, Latin America, and in various regions of Africa as well as China.
"At JBI, our team is fully focused on making a sale of our flagship Plastic2Oil® processor within the coming months," said Richard Heddle, JBI's CEO. "We plan to expand our Board of Directors to include new members with substantial public company experience and we are searching for a CFO that will be able to meet our needs given our aggressive growth plans. Until a new CFO is hired, Nicholas Terranova will consult with the Company, and in order to ensure a proper transition to our new full time CFO, he will do so until our next quarterly filing is timely made. We are very excited to be working with The Brewer Group as we implement our global sales strategy."
About JBI, Inc.
JBI, Inc. is a clean energy company that recycles waste plastic into liquid fuels. JBI's proprietary Plastic2Oil® technology can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills. For further information, please visit www.plastic2oil.com.
About The Brewer Group
The Brewer Group, Inc. ("TBG") is a diversified global investment advisory firm focused on providing tailored services to its clients spanning numerous sectors including: Biotechnology; Sustainable Technology & Agriculture; Wearable Technology & Consumer Products; Hospitality; Education & Cultural Exchange; and Sports, Media & Entertainment. TBG relationships with key international decision makers spanning government development agencies, financial institutions, private equity firms, corporations, NGO's and numerous leaders in sports and entertainment place the firm in a unique position to execute a wide range of services. For further information, please visit www.thebrewergroup.com or follow them on Twitter.
