Replies to post #277407 on Plastic2Oil Inc (PTOI)

[agribusiness72]

and its all bull

[fourkids_9pets]

that would be 4 PRs' issued by P2O for all of 2014 ..


Letter To Plastic2Oil Stockholders From Richard Heddle, Chief Executive Officer

PK:PTOI
11/24/2014 [ACCESSWIRE]
Niagra Falls, NY / ACCESSWIRE / November 24, 2014 /

To our valued Plastic2Oil (OTC: PTOI) stockholders:
I thought it was important to take a moment to reach out to you directly, as we have been extraordinarily busy behind the scenes implementing the shift in our business strategy, which focuses on the sale and licensing of our proprietary processors, as opposed to exclusively processing plastics and selling fuel.

As you may know, on November 20, 2014, we filed Form 8-K covering our recent financing, and on November 14, 2014, we filed our Quarterly Report (10-Q) for the third quarter of 2014. I encourage you to read the 10-Q closely and to contact our investor relations representative with any questions that you may have. Following the discussion of our business operations in the 10-Q and the recent filing, we received feedback that some stockholders are seeking more information on the current state of our business. To those stockholders that contacted us about this, I thank you for the feedback. Let me address some of the items raised.

We are working hard to move towards profitability, but we recognize that the movement of the stock has been disappointing for all of our stockholders, including myself. As you may be aware, I currently own 3,000,000 shares of our common stock and thus, my personal wellbeing and net worth are every bit as exposed to the fluctuations in our stock price as are other common stockholders. I want to remind everyone that I have not sold a single share of the company's stock since I began investing in this company more than four years ago. Like many of you, I've invested at prices significantly higher than the current price. During my tenure as CEO, one constant has kept me motivated: I believe that if we execute the sale and licensing of processors, we will achieve significant revenues and the valuation of our company will increase accordingly.

As disclosed, I continue to defer pay and have extended substantial loans to the company while John Bordynuik, our Chief of Technology, has deferred pay, paid debts, paid for lab work, consumables, equipment, and assumed obligations approaching in aggregate of $400,000. We've done this so that we can continue our operations until we obtain adequate new financing and/or execute on our first processor sale. We have undergone several reductions in the number of our staff so as to retain only those personnel essential to our reporting obligations and for demonstration and sale of our processors to potential buyers. We plan to continue such cost control measures until we achieve our first sale.

We continue to believe that our third generation Plastic2Oil processor, which we call our "flagship" processor, is the most automated, green, viable, and technologically advanced process in the world for converting waste plastics into usable fuel and we firmly believe there is substantial market potential for the sale and license of our processors. In support of this, see an independent study completed last month by the American Chemistry Council: plastics.americanchemistry.com/Stand-Alone-Content/Economic-Impact-of-Plastics-to-Oil-Facilities.pdf.

Although we have not yet consummated our first sale, we have made, and continue to make, tangible progress on negotiations with a large, national engineering firm and several potential purchasers. The company is also in ongoing discussions with a reputable firm that specializes in waste-to-energy solutions for large, established companies with government mandates and green initiatives.

Furthermore, we have developed a "build & ship" turn-key product solution for our potential buyers. We are hopeful that our current negotiations will lead to processor sales and important strategic relationships; however, we cannot assure you as to whether we will be successful in making such a sale or as to the timing of any such sale. At this time, however, I feel it is important for stockholders to know that the company, despite its limited resources, is making significant progress with management's financial support and leadership.

In light of the company's exclusive focus on completing sales and licensing of our processors, we have temporarily suspended our plastic processing and fuel production operations at the Niagara Falls site.

This being said, we have renewed our permits accordingly as our plan is to resume operations for the purpose of "showcasing" our processors once we execute a processor sale. Importantly, the temporary shutdown of the company's plastic processing and fuel production operations has had absolutely no effect on the company's ability to market our processors or negotiate with potential buyers. Another recent change was the decommissioning of several older fuel tanks, which were rendered obsolete by the tank farm we installed with Processor #3.

In my opinion, nothing worthwhile in the business world comes easy, especially when you're trying to make a name for yourself in a relatively unknown emerging alternative energy market. As someone who started his career in a shipyard in 1987 and has built his own business from the ground up, I've faced odds that seemed impossible at times and I've persevered. I have invested a significant amount of my time and net worth into this company because I understand and believe in the product and its capabilities, and I truly believe that we can be successful. I remain relentlessly committed to pursuing success.

I appreciate your patience, commitment to the environment, and continued interest in Plastic2Oil.

Kind regards,

Richard Heddle
President and Chief Executive Officer
Plastic2Oil, Inc.
November 24, 2014

For further information about the Company, including its financial results, readers of this letter release should review the Company's disclosures in its annual, quarterly and other reports which are publicly available on the website of the Securities and Exchange Commission at www.sec.gov.

About Plastic2Oil
Plastic2Oil is a clean energy company that is focused on delivering its proprietary plastic to fuel solution to green energy, recycling and waste companies. In spec, usable fuels including off-road diesel from our process help divert waste plastic from landfills. For further information, please visit www.plastic2oil.com.

http://www.accesswire.com/423350/Letter-to-Plastic2Oil-Stockholders-from-Richard-Heddle-Chief-Executive-Officer


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Plastic2Oil Announces Business Update

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Plastic2Oil Announces Business Update
Winter Damage Repaired and Condensers Replaced; NYSDEC Permits; Quarterly Report for the Second Quarter; Processor Sales update

NIAGARA FALLS, NY--(Marketwired - Jul 1, 2014) - JBI, Inc. (the "Company" or "JBI") (PINKSHEETS: JBII) today announced an update on its Plastic2Oil® ("P2O®") business operations, addressing completion of winter damage repairs, a successful NYSDEC yearly inspection, permit updates, and the delayed Quarterly Report for the Second Quarter.

This past winter was the coldest weather seen in Niagara Falls in years. This caused damage to the water-cooling systems. The water-cooling systemswere being heated during the coldest days, however the heating systems were unable to keep up with the high winds and sub-zero temperatures. The damaged water-cooling components have been repaired.

We also had a major condenser failure which necessitated replacement of all of the condensers. The failing condensers allowed for the ingression of water into our fuel storage tanks but the fuel storage tanks did not sustain damage. The condensers have now been replaced with a model known to perform well in the systems over the past three years and the fuel storage tanks have been cleaned.

The solid-waste department of the NYSDEC and Albany staff were in attendance at the Plastic2Oil® site for an unscheduled inspection in June 2014. The resulting inspection report confirms the Company is fully compliant.

In December 2013, the Company submitted its permit renewals with the NYSDEC before the renewal deadline. The Company is able to continue to operate under the permits until the renewal permits are issued.

The Company is diligently working on filing its Quarterly Report for the Second Quarter and anticipates filing it shortly. The Company is committed to establishing better controls over financial reporting and timely financial reporting.

Most notably, the Company is working very closely with a highly regarded national engineering firm and its clients to complete sales of processors, which such firm is currently qualifying the JBI 'Flagship Processor' for sales to its clients. The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components. In addition to its sales assistance, Company Management anticipates having the engineering firm install, operate and maintain processors as well as provide all auxiliary support systems. This will enable Management to focus on potential customer implementations. The Company has refined its 'Flagship Processor' to commercial ready standards and it is ready for sale.

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.

JBI, Inc.
Email: [e-mail]
Telephone: [phone]


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JBI, Inc. Announces Hire of Chief Financial Officer


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JBI, Inc. Announces Hire of Chief Financial Officer

NIAGARA FALLS, NY--(Marketwired - Mar 18, 2014) - JBI, Inc. (the "Company" or "JBI") (OTCQB: JBII), a clean energy company that recycles waste plastic into liquid fuels, today announced that it has hired Rahoul S. Banerjea, CPA as its Chief Financial Officer ("CFO") effective immediately.

Mr. Banerjea, CPA, has extensive expertise working with publicly traded, global high technology and manufacturing companies. "I have already hit the ground running as CFO of JBI, working to make accurate accounting and financial modeling and timely Company securities filings our top priorities," said Mr. Banerjea. "I have joined JBI at a critical stage as the Company is positioning itself for initial sales of its 'Flagship Plastic2Oil® Processor' and I am committed to the Company through this exciting growth phase and the long run."

Mr. Banerjea has served in financial leadership roles at a number of public and private companies since 1972 including Compaq/Digital Equipment Corporation, which is now part of Hewlett-Packard Company.

As a Principal with Matun Group LLC, Mr. Banerjea was Interim Vice President of Finance at Bodycote, Hot Isostatic Processing ("HIP") Division, where he provided financial and accounting leadership for a $100 million global manufacturing operation. As a Partner with Tatum, LLC, Mr. Banerjea was Interim Corporate Controller of CMGI, Inc., Interim Finance Director at FTI Consulting's technology segment, Project Consultant at Interactive Data Corporation ("IDC"), Interim Chief Financial Officer at Harmonix Music Systems, and Project Consultant at Commercial Industrial Financial Corporation. These finance leadership roles included transactional accounting group migration to Shared Service Center, technical white papers, SEC reporting and pre-IPO carve-outs, among other areas.

Prior to joining Tatum, Mr. Banerjea was CFO of Compaq/Digital Equipment Corp's ("DEC") Spain and Portugal subsidiaries, where he rebuilt and professionalized the finance organization helping to drive a $45 million turnaround in profit over three years. At DEC-Spain and American Pad and Paper ("AMPAD"), Banerjea identified funding sources, created/presented business plans, and closed critical financing agreements totaling over $70 million.

During his career, Mr. Banerjea successfully led the merger and integration of DEC-Spain/Compaq; Spain Tandem-Spain; and France Telecom-Boston Orange Labs. At Molecular Insight Pharmaceuticals ("Molecular") and AMPAD, he established the first SEC reporting protocols including IPO accounting. At DEC, he delivered corporate cash flow reporting/forecasting and balance sheet analysis to the executive Committee, Board, rating agencies, and Wall Street.

At Digimarc's $80 million identification cards division, Mr. Banerjea demonstrated broad business leadership by deploying the firm's first ERP system and benchmark finance processes to improve overall operations. In addition, he established subsidiaries in Mexico, Colombia and Latvia. At Digimarc and Molecular, he established business/operational controls and revenue recognition rules to ensure GAAP and Sarbanes-Oxley compliance.

Mr. Banerjea began his career as an auditor with KPMG (McLintock Main Lafrentz) and subsequently held positions of increasing responsibility with Gulf & Western Industries and Esterline Corporation.

Mr. Banerjea holds a Bachelor of Science in Business Administration from Drexel University, which he received in 1975. He received his Certified Public Accountant certification from the Commonwealth of Pennsylvania, and is also a Six Sigma Green Belt. He is President and Board member of the ASM Foundation and a Board member of the Boston Chapter of the Financial Executives International.

Richard Heddle, Chief Executive Officer of JBI, Inc., said, "The addition of Mr. Banerjea as CFO is part of a defined strategy, which will include further strategic enhancements to our Board in the coming weeks and months. We are excited about where we are going as a Company and we will be regularly communicating with our valued shareholders through further disclosures in the near future. It is our shareholders who have always been the cornerstone of our potential as they have helped us advance our state-of-the-art Plastic2Oil® technology from concept to scale to our immediately available 'Flagship Processor."

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.

Forward Looking Statements
This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 ("PSLRA") implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of any proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil® business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil® machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's Annual Report on Form 10-K, filed with the SEC on March 15, 2013, as amended on April 30, 2013, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contacts:

INVESTOR RELATIONS

Louis Pearce
Corporate Communications & Investor Relations Representative
Bespoke Growth Partners, Inc.
561-381-1829
[e-mail]

MEDIA INQUIRIES

[e-mail]
or please visit the JBI, Inc. Newsroom at
www.plastic2oil.com

==========================================


The Brewer Group Announces Strategic Partnership With JBI, Inc.


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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.

Forward Looking Statements
This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's Annual Report on Form 10-K, filed with the SEC on March 15, 2013 and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

The Brewer Group Contact:
Kristi Hofacker
Interactive Marketing and Media Manager
651-247-4460
[e-mail]

JBI Contact:
Louis Pearce
Corporate Communications & Investor Relations Representative
Bespoke Growth Partners, Inc.
561-381-1829
[e-mail]

Media Inquiries:
[e-mail]
or please visit the JBI, Inc. Newsroom at Converting Plastic to Oil


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4kids
all jmo

[buenokite]

The funniest thing about this whole 8K debacle is I guarantee the people who were leaking this ahead of the announcement actually thought this was going to be big news.

Too funny. A company started less than a year ago started by a golf pro with zero operating history is supposed to be credible? Would it not just be a hoot if the golf pro founder was a shareholder that started this company to do just such an announcement?

[agribusiness72]

Really?? So *Legal* whoever that is, writes the 8k, yet won't review a PR?? Plausible deniability? So the PR will be BS as it isn't vetted?? Who would put out a PR in conjunction with an 8k without having *legal* review it first. Doesn't pass the smell test.