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Replies to post #49686 on Plastic2Oil Inc (PTOI)
Posted by: zardiw Member Level Grandfathered Member Date: Wednesday, October 28, 2009 7:08:59 PM
In reply to: None Post # of 291153
Pak-It Goes Public:
Date: October 19, 2009 CONTACT
Frank Wiley – VP of Marketing
513-856-7130
FOR IMMEDIATE RELEASE fwiley@pakit.com
PAK-IT™ GOES PUBLIC
PAK-IT LCC Merges with JBI, Inc.
Philadelphia, PA – Steve Seneca, President PAK-IT LLC, announced today that his company
has successfully completed a merger with JBI, Inc., a publicly traded company based in Niagara
Falls, Ontario (stock ticker: JBII). JBI’s other business lines include proprietary technology for
reading archived tapes for clients such as NASA and other government agencies;
telecommunications equipment distribution in North America, Mexico, Central and South
America; and Plastic2Oil – a process and service that converts plastic to fuel oil.
“Pak-It owners received JBI, Inc. Common Stock and other consideration pursuant to the
Agreement,” Mr. Seneca said. “The income from the combined operations of the entities as well
as P2O and Pak-It™ licensing fees will be used to pay off all Pak-It debt and provide working
capital that will allow us to expand on our success in the market.”
John Bordynuik, JBI Inc. CEO and President, stated, "We are extremely excited about this
important acquisition, since the shared facilities of DCL Solutions will provide us with the
expertise and ability to produce our proprietary catalyst and accelerate the planned expansion of
our P2O technology and processors, in addition to giving us a green product line with huge
revenue potential and excellent profit margins. Furthermore, we also gain access to a powerful
management team with over 100 years of combined business experience, specializing in
international marketing, finance, law, operations, restructurings, and mergers and acquisitions."
In addition to Mr. Seneca, the Pak-It executives joining the JBI team include CEO Robert G.
Shoemaker, VP of Operations and Technical Director Ronald Kurp; and Vice President of Sales
& Marketing Frank Wiley.
Commenting on the new JBI, Mr. Bordynuik said, "These new appointments in the JBI
management team will provide a solid foundation for scaling the entire organization to execute
rapid growth in our profit centers, and provide the most innovative technologies to our customers.
“
Over the next few days, JBI will issue further press releases to provide shareholders information
about Plastic2Oil, Data Migration, Javaco, and Pak-It updates.
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data
from JBI's large information archive, find under-productive entities to inject our superior
4201 Torresdale Avenue • P.O. Box 9523 • Philadelphia, PA 19124 • 215-743-4201
1-800-426-1127 • Fax 215-288-0847 • www.pakit.com
proprietary technologies into, and benefit from increased productivity and profitability, beginning
with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc.
currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors.
To further enhance business in the United States, new distribution lines are frequently being
added including a line of home theater and audio video products. Javaco will operate and manage
the Company's Plastic2Oil sites in Mexico.
PAK-IT, LLC ("Pak-It"): Using the patented PAK-IT™ delivery system (liquid cleaner in a water
soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more
cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a
'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves
thousands of dollars in shipping. The user simply adds water to the container without measuring
or cutting the Pak-It. Large retailers (like Home Depot and Office Depot) and many national
Building Service Contractors already using the product have documented significant cost savings
from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes
(including microfiche) from clients such as NASA, (ii) income from the recently acquired
JavaCo, Inc., (iii) income from the sale of Pak-It products, and bulk chemical facility which we
realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in
the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil.
For more information, please see http://www.johnbordynuik.com and http://www.javacoinc.com
and http://www.pakit.com/.
z
Posted by: zardiw Member Level Grandfathered Member Date: Thursday, November 05, 2009 10:00:12 AM
In reply to: None Post # of 227150
JBII News. All meat, no fluff:
NIAGARA FALLS, Ontario, Nov. 5, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) continues to make progress in the implementation of its comprehensive business plan.
In its efforts to globally market the innovative, eco-friendly Pak-It product line, JBI has appointed Creative Supply Solutions Ltd. ("CSS") of Manchester, England as a Master Distributor for the United Kingdom. CSS, a privately held company, has relationships with more than a dozen distributors in the region, and will be responsible for managing sales in England, Wales, Scotland, and Ireland.
Steve Seneca, President of Pak-It, LLC, noted, "I am excited to have CSS join us as a master distributor. CSS focuses on selling and marketing break-through technologies, which makes them perfect for our Pak-It line of water-soluble liquid cleaning chemicals."
"We see tremendous opportunity for Pak-It because of their patented technology," stated Nigel Oakes, CSS Director. "The Pak-It products provide an important green solution - and 'green' is an extremely important issue in the UK. The concentrated packets dissolve completely in water, leaving no empty containers to clog land-fills. And the shipping cartons are lighter and take up less space than normal containers, which greatly reduces the environmental impact of transportation."
Furthermore, in anticipation of Pak-It's Canadian expansion, the Company is pleased to report that PakIt Canada machines are now set up, and JBI engineers are adding automation to the production lines to process Pak-Its faster. JBI CEO and President, John Bordynuik, said, "We envision robust growth for Pak-It products in Canada and want to be fully prepared to satisfy anticipated demand."
In another important development, Pak-It has formulated a no-slip cleaner that is a cleaner, polisher and finisher all in one. Applications of this unique formulation produce no buildup and the affected surface, whether wet or dry, is not slippery. The product has successfully been tested with a James Machine and digital tribometer.
JBI is currently assembling its large P2O processor as all parts have now arrived. Testing of individual components is also ongoing, and the Company looks forward to soon demonstrating its economic viability, as a direct result of using its proprietary catalyst in the processor's smooth operation. Competing processors that run without a catalyst risk pollution, blockage in the condensers, downtime, slag, and massive cleanup, all of which can severely impact potential profitability.
In addition to reading NASA tapes, JBI has recently been presented with thousands of seismic tapes to read, which oil companies view as an important source of information for their exploration activities. JBI has just started reading tapes for a large Oil and Gas company, and its Swahili engine is being used to normalize, index and serve the seismic and well log data.
JBI is setting a presentation and interactive conference call date for Monday, November 23, 2009. Therefore, all shareholder questions should be submitted to john@johnbordynuik.com as soon as possible for review by corporate legal counsel. In order to adequately address all questions, JBI may publicly release news items prior to the call date. An upcoming press release will give the time and call-in details for the call. As well, the information will be posted on the JBI website at http://www.jbiglobal.com. John Bordynuik is looking forward to answering shareholder inquiries and presenting updates on JBI, Inc. to our shareholders.
z
AI
