News Releases

THOROLD, Ontario, December 29, 2011 (GLOBE NEWSWIRE) – As 2011 comes to a close, John Bordynuik, Founder and CEO of JBI, Inc. (the "Company") (OTCQX:JBII), offers a recap of the Company’s progress and key milestones over the past 12 months.

“It’s been an exciting year for the Company,” states Bordynuik. “We’ve taken significant steps forward and on many levels have out-paced traditional industry timelines – and it has been a team effort.” He continues, “The successes we’ve seen in 2011 have involved many months of extensive testing, third party analysis and validation, and corporate due diligence. We are proud of our accomplishments and are confident about our growth moving into the next fiscal year.”

In May 2011, JBI, Inc. announced its first sale of fuel produced by the Company’s patent-pending Plastic2Oil® (“P2O”) process. Shortly thereafter, Coco Asphalt Engineering, a division of Coco Paving, Inc., entered into a Supply and Service Agreement for the Company’s ultra-clean, ultra-low sulphur fuel.

June 2011 brought more good news. “On June 17, 2011, we cleared a significant hurdle when the New York State Department of Environmental Conservation (“NYSDEC”) issued a permit to JBI, Inc. to operate 3 separate P2O processors at our Niagara Falls facility,” comments Bordynuik. “At the same time the NYDEC also issued a Solid Waste Permit which allowed us to store plastic feedstock materials on-site.”

During the summer months of 2011, the Company continued to make enhancements to its P2O processor, giving it the ability to produce specific fuel types to meet the needs of its customers. Bordynuik continues, “This paid huge dividends later in the year when new customers with diverse fuel requirements came onboard.”

In July, the Securities and Exchange Commission (“SEC”) issued a Wells Notice to the Company in relation to its legacy accounting issues from 2009. “The Company is acutely aware of its responsibilities to its shareholders,” states Bordynuik. “As part of our internal corrective actions, we hired a highly respected auditor, an American Certified Public Accountant Controller, and retained the services of another highly ranked auditing firm and numerous financial consultants to advise the Company and assist in preparations of the 10Q and 10K filings. Most recently, we welcomed our new CFO, Matthew Ingham, CPA. Matthew will lead our financial reporting and will continue the improvements which began with the amending of the 2009 10K filing.”

The highlight of summer 2011 was the signing of a 10-year exclusive agreement with Rock-Tenn Company (RockTenn) to convert mill by-product waste into fuel using the Company’s P2O technology. “The significance of this agreement is impressive as it provides a solution to waste plastic challenges,” notes Bordynuik. “And JBI, Inc. will have access to free feedstock supplies for our P2O processors, which we will locate on RockTenn sites.”

The fall months of 2011 were spent enhancing the P2O processor in preparation for the final NYSDEC stack test scheduled for December. Upgrades included the installation of low NOx burners and the addition of a pre-melt system to increase through-put volumes. The Company worked with third party fabricators to produce standardized reactors and towers and has received the assembled modules.

“December 2011 has been busy, to say the least,” Bordynuik states with a bit of grin. “We kicked off the month by completing the final stack test required by the NYSDEC. It was a very exciting day – the emissions from the second stack test were found to be cleaner than the first test in August 2010, even with close to double the quantity of waste plastic through-put, while maintaining an 86.7% conversion rate to liquid fuel.”

This success was quickly followed by the news of an Air Permit exemption in the state where the first RockTenn P2O site will be located, reducing the lead time for roll-out of the RockTenn agreement in that state.

The year came to a close with the signing of two major fuel supply agreements, the first with Indigo Energy Partners, LLC (“Indigo Energy”) for the Company’s No. 6 Fuel Oil and the second with XTR Energy Company Limited (“XTR Energy”) for road transport fuels. The XTR Energy agreement will require the Company to purchase third party fuels to blend with its P2O fuel output until it can build out the capacity to meet the full quantities required by the customer.

“The beauty of the agreement with RockTenn, in combination with the fuel supply agreements with Indigo Energy and XTR Energy, is that we will be free to focus solely on the manufacturing of additional P2O processors as we move into 2012,” says Bordynuik. “It’s a huge step forward in achieving our vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company.”

For more information about JBI, Inc. and the types of fuel produced by its proprietary P2O process, please refer to the Company’s website: www.plastic2oil.com.

About JBI, Inc.

JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K, as amended, filed with the SEC on July 18, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

CONTACT:
JBI Inc.
Investor Relations
1-877-307-7067

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THOROLD, Ontario, December 23, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce today the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited (“XTR Energy”).

 

XTR Energy is one of the largest and fastest growing independent retail petroleum brands for regular and premium gasoline and diesel products in Canada. XTR Energy focuses on well-priced products, timely deliveries and innovative customer retention programs. This focus has enabled XTR Energy to establish network locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and Saskatchewan.

XTR Energy will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, Diesel Ultra LS Clear and other acceptable road transport products from JBI, Inc. These products are the fuel output of JBI, Inc.’s Plastic2Oil^® (“P2O”) process, which will then be blended and made available through the Company’s Blending Site in Thorold, Ontario (“Thorold Terminal”).

“XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and across Canada. This new relationship is directly aligned with XTR Energy’s strategic objective to have a diversified secure supply of quality petroleum products from a variety of sources to meet the growing demands of the XTR Energy network and preferred customers,” stated Ken Wootton, President of XTR Energy, upon signing the agreement.

“We were attracted to XTR Energy because of their corporate values and distribution reach across much of Canada,” commented John Bordynuik, CEO of JBI, Inc. “They are committed to green alternatives, high operational standards and maintaining long-term winning relationships with both their customers and suppliers.”

The agreement with XTR Energy is a step forward in achieving the Company’s vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company. It allows the Company to utilize the value of one its key assets, the Thorold Terminal, a registered and licensed TSSA fuel blending and distribution facility with fuel storage capacity in excess of 250,000 US gallons.

About JBI, Inc.

JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K, as amended, filed with the SEC on July 18, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

CONTACT: JBI Inc.
Investor Relations
1-877-307-7067

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THOROLD, Ontario, December 21, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce today the signing of a long-term fuel supply agreement with Indigo Energy Partners, LLC (“Indigo Energy”).

Indigo Energy is a service-driven, wholesale distributor of petroleum products and renewable fuels that utilizes an expansive network of distribution terminals and bulk plants across the continental United States.

Under the terms of the agreement, Indigo Energy will off-take No. 6 Fuel Oil, from the JBI, Inc. Plastic2Oil (“P2O”) facility in Niagara Falls, NY.

The timing of this agreement in the early stages of the Company’s growth allows it to focus singularly on increasing production and growing capacity, instead of the marketing and distribution of its fuel products.

“We are very impressed with JBI, Inc.’s proprietary technology and the quality of their fuel products,” stated Martin N. Underwood, Jr., COO of Indigo Energy. “Additionally,” continues Mr. Underwood, “We feel this partnership is a natural fit for both companies and we look forward to bringing JBI, Inc.’s products to market as they expand production capacity to future plants across the U.S.”

John Bordynuik, CEO and Founder of JBI, Inc., commented, “We are excited about this partnership on several levels. First of all, we are proud to be affiliated with a company with the profile of Indigo Energy; a company which believes that green fuels can make a significant contribution to supplying clean, reliable energy.”

“Secondly,” continues Mr. Bordynuik, “After securing plastic feedstock supplies and creating a commercially viable, ‘green’ process for transforming plastic into oil, this agreement fulfills the final stage of our business growth plan, the distribution of our ultra-clean, ultra-low sulphur fuel to end-users.”

About JBI, Inc.

JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K, as amended, filed with the SEC on July 18, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

CONTACT: JBI Inc.
Investor Relations
1-877-307-7067

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THOROLD, Ontario, Dec. 19, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce the appointment of Matthew J. Ingham as the Company’s Chief Financial Officer (“CFO”).

 

As CFO, Mr. Ingham will report directly to CEO, John Bordynuik. He will be responsible for establishing the Company's financial strategies while ensuring the Company has the appropriate financial systems in place to manage current operations. He will lead the development of financial planning models and cost-benefit analysis to forecast and support future growth. Mr. Ingham will also be responsible for all financial filings required by the SEC, and will serve as a financial and business advisor to the leadership team.

 

"We are extremely pleased to welcome Matthew Ingham as our new Chief Financial Officer. Matthew brings the experience and skills the Company needs to support both our short and long term growth plans. Not only is he a seasoned auditor, but he possesses extensive experience managing a successful corporate finance division,” states CEO, John Bordynuik, on the appointment of Mr. Ingham.

 

Prior to joining JBI, Inc., Mr. Ingham held, successively, senior positions with two of the “Big 4” audit firms, PriceWaterhouseCoopers LLP and Ernst & Young LLP, specializing in auditing assurance, financial reporting and transaction analysis, and developed a broad base of auditing and financial reporting skills through assignments on publicly traded and privately held companies.

 

At Ernst & Young, LLP Mr. Ingham held the position of Audit Manager, Assurance Advisory Business Services, working directly with firm partners and company executive management on audits to finalize findings and issue audit reports. He assisted with client implementation of first year compliance with the Sarbanes-Oxley Act for three SEC accelerated filers, including the coordination of international scoping and testing and participated in cross service line initiatives which included working on an internal audit engagement team to assist a new client in their first year Sarbanes-Oxley implementation.

 

Most recently, Mr. Ingham was Senior Manager, Technical Accounting, Insight Enterprises, Inc., a $4.8 billion international Fortune 500 information technology company. Reporting to Executive Management and Senior Financial Staff, his responsibilities included managing all communications with the external auditors, providing evaluations of technical accounting research and analysis matters. He led a global team of finance personnel in formalizing and documenting accounting policies and procedures, including working with multi-national teams on sales operations improvement initiatives.

 

 

About JBI, Inc.

JBI, Inc. is a domestic alternative Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K, as amended, filed with the SEC on July 18, 2011.

 

 

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

CONTACT: JBI Inc.
Investor Relations
1-877-307-7067

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THOROLD, Ontario, Dec. 15, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce it has received an exemption from air permitting by the environmental protection agency in the state where the initial Rock-Tenn Company ("RockTenn") Plastic2Oil® ("P2O") site is being constructed.

During September 2011, the Company proposed and submitted an application for exemption of an Air permit and met with several of the state's environmental engineers. The Company also presented before the environmental committee, which was composed of citizens, environmental engineers and permit engineers.

 

The permit determination for the first facility was issued Tuesday, December 13, 2011. The environmental permit authority made the determination that this facility does not need an air permit and that the proposed project will comply with all applicable local, state and federal air pollution regulations.

 

Additionally, the Company will not require a Waste permit, because the plastic being processed is already located on-site.

The permit authority requested that a stack test be conducted on the first P2O processor installed in its jurisdiction.

 

This permit exemption was determined prior to the recent stack test performed on the P2O processor by Conestoga Rovers & Associates on December 5-6, 2011, which produced results showing emissions decreased with increased plastic feed rates; further validating that the P2O process is highly "green," clean and scalable.

 

"The extra time we took to make enhancements to our processor during Q2 and Q3 to maximize its efficiencies and reduce emissions is now starting to pay dividends as we expand into other states," stated CEO John Bordynuik.

 

The Company is excited about the next stage of this project, which includes securing permits for construction and operation of this site.

About JBI, Inc.

JBI, Inc. is a domestic alternative Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K filed with the SEC on April 20, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

 

CONTACT: JBI Inc.

Investor Relations

1-877-307-7067

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THOROLD, Ontario, Dec. 7, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) announces the successful completion of its final P2O Stack Test performed by Conestoga-Rovers and Associates ("CRA") on the Company's Plastic2Oil ("P2O") commercial processor. The stack test, which is a measure of emissions from the processor vent, was conducted by CRA beginning on December 5, 2011, with completion on December 6, 2011. The New York Department of Environmental Conservation ("NYSDEC") was also present during testing.

Three stack tests were performed on the existing commercial processor with a pre-melt system. Unwashed, unsorted waste plastics, including various industrial plastics and gas tanks from scrap cars, were used as feedstock for the testing. This type of feedstock is consistent with the day-to-day waste plastic that the processor is currently converting into fuel.

The stack tests were conducted at feed rates of 3,258 lbs/hr, 3,233 lbs/hr and 3,932 lbs/hour respectively. Ultimately, the test results proved that emissions decreased with increased feed rates, further validating that P2O is a highly "green," clean and scalable process. The addition of the pre-melt system, which was designed and installed in Q3, greatly improved feed rates for the process.

Draft emissions data was provided by CRA staff following the completion of each test. Emissions were significantly reduced through more efficient and higher combustion of the off-gas generated by the process.

Final average emissions for 3,923 lbs/hr were 15.97% O2, 3.05% CO2, 3.1ppm (parts per million) CO, 15.1 ppm NOx, 2.88 ppm TNMHC and 0.02ppm of SO2. The NOx emission was approximately one-fifth that of the original P2O processor tested 1 year ago.

The P2O processor did not have any stack filters or scrubbers.

"In-spec" end-user fuels produced were also tested and verified as ultra-low sulphur.

Management anticipates receiving final reports from CRA after audit and peer reviews of the testing are concluded. These reports and permit modifications, which allow a higher feed rate, will be filed in accordance with NYSDEC permit regulations.

The Company believes that the successful stack test results will aid significantly when seeking permit exemptions in other U.S. states. Additionally, the Company believes that these results will contribute to maximizing production at the existing New York processing plant.

About JBI, Inc.

JBI, Inc. is a domestic alternative Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K filed with the SEC on April 20, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. 

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THOROLD, Ontario, Aug. 8, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (OTCQX: JBII.PK - News) is pleased to announce that on July 29, 2011, JBI entered into an agreement with Rock-Tenn Company (RockTenn) to convert mill by-product waste into fuel using JBI's Plastic2OilTM technology.

Under the agreement, JBI has an exclusive ten-year license with a renewal option to build and operate Plastic2Oil(TM) processors at RockTenn facilities to process RockTenn's waste plastic at paper mills and Material Recovery Facilities (MRF) and to mine and process plastic from RockTenn's plastic-filled monofill sites.

RockTenn's paper mills and MRFs currently produce thousands of tons of plastic per day. To handle the plastic waste stream, RockTenn has been storing this by-product in company-owned plastic-only monofill sites for several years. The agreement gives JBI the exclusive rights to mine plastic from these sites.

JBI's Founder & CEO John Bordynuik said, "We are honored that RockTenn has chosen JBI to be its long-term partner in this venture and believe this provides further validation that we have a viable commercial process to handle not only the critical issue of waste by-product but also rising energy costs. RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil(TM) processors. We anticipate a mutually beneficial relationship for both parties and intend to expand as quickly as possible. RockTenn currently has sites that can support clusters of processors. In preparation for this agreement, we have designed our processors to be modular 'plug and play' to allow rapid deployment across RockTenn's locations."

JBI's business principles are guided by environmental sustainability and a strategic model to cluster processors at single high-volume waste plastic sites. The company aims to create long-term shareholder value through joint venture partnerships with Fortune 500 companies.

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THOROLD, Ontario, June 17, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company" or "JBII") (OTCQX:JBII) announced today that the New York State Department of Environmental Conservation (NYSDEC) has issued a Solid Waste Management and an Air State Facility permit for 3 Plastic2Oil(TM) processors in its Niagara Falls, NY facility. 

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THOROLD, Ontario, May 25, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) would like to remind all shareholders who plan to attend the Company's Annual Shareholders' Meeting on Saturday, June 11, 2011 to complete the pre-registration process. The Annual Shareholders' Meeting of JBI, Inc. will be held at the Fallsview Casino Resort, Exhibition Centre, in Niagara Falls, Canada at 1:30 pm EDT. Pre-registration instructions and full details about the Meeting can be found on the Company's website at www.plastic2oil.com.

Please note that ONLY shareholders will be allowed to attend the meeting. There will be no exceptions allowed. For clarification, this means only those whose names are on the proof of share ownership may attend. Spouses or family members will not be able to attend if they cannot provide proof of share ownership. In order to attend the Meeting, an individual must be a shareholder of JBI, Inc., as of Tuesday, June 7, 2011; and must give prior notice in order to attend the Meeting on Saturday, June 11, 2011.

The prior notice must arrive at the Company by 4:00 pm EDT, Tuesday, June 7, 2011.

CEO John Bordynuik and the JBI management team will provide an update on JBI's progress across all business units at the meeting as well as discussing the company's future trajectory.

CEO John Bordynuik commented, "We are looking forward to updating our shareholders on what has been a very intense and productive past year, as JBI continues to achieve new milestones and partnerships."

About JBI, Inc. 

Forward Looking Statements

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THOROLD, Ontario, May 9, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company" or "JBII") (OTCQX:JBII) announced today that Oxy Vinyl Canada, a wholly owned subsidiary of Occidental Petroleum (NYSE: OXY - News), has agreed to purchase JBI's low sulphur heating oil for $109.80 per barrel. Low sulphur heating oil is a product of our Plastic2Oil(TM) process. Under the terms of the agreement, the first order of approximately 214 barrels of low sulphur heating oil is expected to be delivered this week.

"Today's announcement is for the sale of JBI petroleum products derived from waste plastic," said CEO John Bordynuik. "I am pleased that our green initiative has come to fruition evidenced by Oxy Vinyl's purchase."

JBI's revolutionary Plastic2Oil(TM) process converts mixed waste plastic into separated diesel, heating oil, and light naphtha fuels. Low sulphur heating oil is diesel fuel without transport additives. In Q1 2011, Bordynuik designed quality controls, fuel blending, and automatic additive injection so that the fuel produced is a final product, unlike crude oil. The agreement with Oxy Vinyl marks the company's first alternative fuel sale.

JBII used highly reputable laboratories and service providers to validate and test its Plastic2Oil(TM) process and products. This strategy has provided a long term benefit to our shareholders.

About JBI, Inc. 

JBI, Inc. is a domestic alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K filed with the SEC on April 20, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact: JBI Inc.

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