Replies to post #87950 on Plastic2Oil Inc (PTOI)

[scion]

You also have to remember that JBI have just purchased an air filtration company so they can deal with medical waste.

When was the purchase made of the air filtration company, and what is the name of the purchased company?

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JBI Inc. Executes Letter of Intent to Acquire U.S. Air Filtration Company

http://www.globenewswire.com/newsroom/news.html?d=184302

NIAGARA FALLS, Ontario, Feb. 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (OTCBB:JBII) is pleased to announce that the Company has executed an LOI for its planned acquisition of a profitable U.S. air filtration and custom air ventilation company. The acquisition is anticipated to be officially consummated in the second quarter of 2010. This company is privately owned and the owners have requested that its name not be disclosed to the public until the Definitive Agreement is executed.

The acquisition is a high tech air filtration and custom air ventilation company that has a strong relationship with the US Army Corp of Engineers, numerous Federal agencies and the Health Care industry. They design and install customized, energy efficient air handling and air filtration systems. These systems are installed in some of the most sensitive Federal and Military buildings in the US. There are potential synergies for this business with P2O and intellectual property of JBI. In both 2008 and 2009, the company had approximately $15 million of revenues and was profitable.

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."

http://www.globenewswire.com/newsroom/news.html?d=184302

[jobynimble]

You also have to remember that JBI have just purchased an air filtration company so they can deal with medical waste.

JBII announced a LOI last year but it appears the deal never got consumated, although it was supposed to be completed in Q2 2010...


http://www.plastic2oil.com/news/2010-press-releases/20100213-jbi-signs-loi-to-acquire-us-air-filtration-company.aspx


Saturday, February 13, 2010
JBI Inc. Executes Letter of Intent to Acquire U.S. Air Filtration Company
NIAGARA FALLS, Ontario, Feb. 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (OTCBB: JBII) is pleased to announce that the Company has executed an LOI for its planned acquisition of a profitable U.S. air filtration and custom air ventilation company. The acquisition is anticipated to be officially consummated in the second quarter of 2010. This company is privately owned and the owners have requested that its name not be disclosed to the public until the Definitive Agreement is executed.

The acquisition is a high tech air filtration and custom air ventilation company that has a strong relationship with the US Army Corp of Engineers, numerous Federal agencies and the Health Care industry. They design and install customized, energy efficient air handling and air filtration systems. These systems are installed in some of the most sensitive Federal and Military buildings in the US. There are potential synergies for this business with P2O and intellectual property of JBI. In both 2008 and 2009, the company had approximately $15 million of revenues and was profitable.

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."

[jimmenknee]

I'm sure there is a focused discussion to be had here. Just having a hard time tracking it down :-(

Agilyx Processor Price $25 Mill? No evidence.

Green Envirotech $25 Mill bond? Pays for much more than just the Agilyx processor to Green Envirotech. If you truly want to know what their processor and service contract is, check their SEC filings.

10tpd = 2.5 mill but somehow processing 90tpd = 25 mill. Wouldn't logic dictate the price would be cheaper and not more expensive? At least it does for me.

Filters and Scrubbers? Yet again, simple difference is the input-- feedstock. Agilyx is handling true-- up to/including contaminated -- "waste." Although JBI portends to handle waste, the bulk of the direction-- including the MDE boxes in the video -- point to the "scrap" side of the spectrum. Their "input" needs to be cleaner (Consent Order and WM permit requirements point to it), yet they are within the "recycle" grade realm as opposed to the "trash" grade. Your misunderstanding of the use of those "media credits" WRT medical waste is duly noted. They floated a retread kernel which you apparently interpreted as fresh, new and moving the JBI plan forward :-(

I think you need to remember, you are the person that keeps bringing up Agilyx and Agri-Plas.

lol yeah but no. I respond to other people bringing up goofy points like:

No competition
No other has received an Air Permit
No other has sold oil/fuel/product
etc.

The latest mention of Agilyx as far as I can tell was another reposting of the goofy visual. I directly responded to your post that was poorly researched and suggested misleading conclusions.

Agilyx does have some good points, can you at least be a little more balanced and point out the good points of the JBI Processor.

Oh bother-- in context to specific posts they have been balanced. Sorry I cannot "sticky" my previous posts that point to them.

I don't believe I have purposefully provided misleading information in my discussions.

But they are misleading-- still. No $25 mill processor possible to Green Environtech given Green Envirotech's filings (of the Agilyx contract) and the news release clearly stating an up to $25 mill bond to be used for a multi stage process in which Agilyx's processor participates on the back end. Green Envirotech hopes to get the "totality" (extremely robust) of the business online for around $22 million.

Again-- more thoroughness in research helps with clarity.