Replies to post #26021 on Plastic2Oil Inc (PTOI)

[seabreezing]

What else can you tell us about this acquisition, if anything? thanks sea

[ashkelon]

It would be awesome if you could post pictures or some other way to confirm what you are saying. Most of us here are longs and JB's word is good enough but it would be nice to able to slap something in front of the doubters that they couldn't refute.

Regardless welcome to iHub and if you are in a position to share more, legally, then we welcome it!

- last post for the day - see everyone on Tuesday. I'm starting to hate market holidays.

[ddbl_our_buck]

This is very cool. JB didn't want to leave the plastic Medical waste at someone elses doorstep. Awesome acquisition! Prolly lots of loops and hoops at the federal level, imo. Forward thinking by a forward-looking man.

John Bordynuik, JBI Inc. CEO and President, stated, "This is really a synergistic, value-added acquisition that truly complements our business model and corporate growth goals. In addition to our core product line, these products have very high growth potential, and excellent profit margins. The Company's IP is protected through a patent. Initially, we will utilize our media credits to launch an extensive public-awareness campaign to market our green product line to consumers and retailers in the United States, Canada, and Mexico."

glta, even if some of us are at work, ddbl

[Slojab]

Could you please elaborate on this statement?

"I can truly assure you that this 6 acres plant and property does exist and in fact is surrounded by an industrial security fence complete with electronic gate."

Where is it located? Town, City, Country? Thanks.

[takethecash]

Just out of interest, whats the street adress? Cheers

[USAFpatriot]

If I remember correctly the plant cost $3 million to build and John bought it for $130,000. If that is correct, he not only is a brilliant business man but an expert horse trader also :-)

[Estimated_Prophet]

2bigcats~can you tell us why the facility was not in use anymore?

[laurap]

is it six acres as in your post or 10 acres as stated in the press release?

I can truly assure you that this 6 acres plant and property does exist

NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that it has purchased a New York property for business expansion. The facility will be used for P2O processing and consists of a warehouse, processing building, weigh station and office space located on 10 security-fenced acres with parking availability for 27 trucks. The property, located in New York, was purchased for $100,000 down with a $270,000 loan and will serve as a primary P2O site. Additional details will be provided at the Annual Shareholders' Meeting.