Replies to post #148956 on Plastic2Oil Inc (PTOI)

[ergo sum]

NIAGARA FALLS, Ontario, Jan. 4, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that on January 1, 2010, Ronald Baldwin, Jr. was appointed as JBI's Chief Financial Officer and the Company has centralized all of its accounting operations and controls in Clearwater, Florida where Mr. Baldwin is located in order to manage rapid growth successfully and cost-effectively.

Mr. Baldwin will be responsible for implementing financial reporting software with the Company's engineers as well as financial and audit controls for the Company and all of its subsidiaries.

Ron Baldwin is a CPA with 15 years' experience in public accounting and holds a B.S. in Accounting magna cum laude from the University of South Florida and a J.D. and L.L.M in Taxation cum laude from the University of Florida. Mr. Baldwin was admitted to the Florida Bar in 2000. From 2007 to 2009 Mr. Baldwin was the Vice President of Finance at Hegemon Capital, a special opportunity hedge fund that was involved in over $100 million in loan placements and equity investments.

Commenting on Mr. Baldwin's CFO appointment, John Bordynuik, CEO and President of JBI, Inc., said, "We are extremely pleased to welcome Ron Baldwin as our new Chief Financial Officer. His extensive financial expertise, business savvy, industry connections, exemplary qualifications, and legal / managerial experience ensure that he is well-suited to assist us in advancing our growth strategies."

JBI is currently rebuilding the Pak-It factory in Philadelphia, PA to allow for an increase in its current production in anticipation of significant consumer demand for its eco-friendly, unique products. JBI will be launching a massive consumer awareness advertising campaign, using infomercials and print media, for Pak-It products during the first quarter of 2010. Further details on this product expansion will be forthcoming in future press releases.

John Bordynuik concluded, "2010 promises to be a year of rapid expansion and exciting growth for JBI. I look forward to keeping our growing shareholder base informed of our progress."

[adman57]

Mr. Ingham did not come directly from E&Y and has not worked there since June 2009. He worked there just under 6 years. He worked previously at Price Waterhouse for just 2 years after graduating from the State University of New York at Buffalo - School of Management with a BS in Accounting. He has CPA licenses in NY and AZ. It appears he has no further degrees. He graduated from high school in 1997.
He does not list himself as having senior positions at either of the big 2 accounting firms. His self labeled titles were "Staff Auditor" at Price Waterhouse and "Audit Manager" at E&Y. He has not titled himself as a senior manager until this last position at Insight. This contradicts the press release.
His first job after graduating college was with Price Waterhouse. He did not have a masters degree. Yet after just 2 years there he was a senior manager? Is a staff aufitor right out of college really a senior position?
This info is off of his own LinkedIn page.