The Company has a large backlog of tapes to be migrated has been sought by other international entities that are interested in having data recovered.[sic]
When JBI Inc. acquired certain assets from John Bordynuik Inc. the Company began to operate what was once John Bordynuik Inc’s. data recovery business.
This acquisition included tape drives, servers, and a mobile data recovery facility that can be deployed on-site to recover information for customers with highly sensitive data.
The Company has a large backlog of tapes to be migrated has been sought by other international entities that are interested in having data recovered.[sic]
The tape business is not as financially intensive as Pak-It or P2O, but equally or even more intensive with regards to the allocation of time and human capital, specifically from John Bordynuik, our CEO. John is the only person authorized to analyze and mine the data from this business, and with consideration of our other growing businesses, he is currently unable to dedicate significant amounts of time to this endeavor. We are not pursuing new business right now due to the time constraints related to John Bordynuik’s position as CEO, however we do have a backlog of tapes to be read. JBI Inc. is in still in contact with all of our current tape customers in order to maintain our working relationships. Our customers have been impressed with JBI Inc’s. tape reading abilities and understand our business’ position at this time.
Some have suggested that they reside at HQ in Thorold, ON., but weren't some of the tapes prohibited from leaving the US? Does JBI keep warehouse space in the US for those tapes?
It would be cheaper to go out and hire a salty seasoned CEO to continue the P2O division while JB goes back to doing the tapes. No need to go out and raise additional money...
But that's if the tape biz is really that profitable...
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