Replies to post #184462 on $tacks Upon $tacks Of Moolah (STAX)

[Rawnoc]

JBI, Inc. Appoints Ernst & Young LLP as Auditors

THOROLD, Ontario, Jan. 28, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. ("JBI") (OTCQX:JBII) is pleased to announce that the Board of Directors, based on the recommendation of the Audit Committee, has appointed Ernst & Young LLP, Chartered Accountants, as JBI's independent public accounting firm.

On the appointment of Ernst & Young, John Bordynuik, JBI's CEO, commented, "As one of the big 4 accounting firms, Ernst & Young has the right combination of worldwide presence and service offerings to meet our present and future audit requirements."

About JBI, Inc.

JBI, Inc. is an alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil). JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For more information please review www.plastic2oil.com

[Rawnoc]

JBII LANDS FUEL BUYER -- up to 144,000 gallons (or 3,429 barrels) per week.

"JBI is pleased to announce the signing of a letter of intent with a confidential party for the purchase of the naphtha produced from the Company's Plastic2Oil process. The term "naphtha" is used when fuel does not contain additives required for gasoline used as transportation fuel. This is very similar to the relationship between fuel oil #2 and diesel fuel. When road-use additives are not present, the petroleum product is referred to as fuel oil #2 and conversely, when road-use additives are present, the product is termed diesel. The confidential party named in the letter of intent has the capacity and interest to purchase up to approximately 144,000 gallons of naphtha per week, as it is available from JBI, Inc., at comparable market rates for such naphtha - rates that fluctuate similar to any other commodity. The Company and the confidential party expect to consummate their naphtha sale agreements in April 2011."
http://www.plastic2oil.com/news/2011-press-releases/20110316-jbi,-inc-shareholder-update-on-business-activities.aspx

Hints again at massive rollout with partnerS:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61043493