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Tag "jbi"

JBI Comments on Improper Release of SAIC Evaluation Report 0

THOROLD, ON — (Marketwire) — 10/12/12 — JBI, Inc. ("JBI" or the "Company") (OTCQB: JBII) has become aware of the improper release of a confidential executive summary prepared by SAIC Energy, Environment & Infrastructure, LLC ("SAIC") relating to SAIC-s May 2012 evaluation report on JBI-s Plastic2Oil ® ("P2O ®") technology.As previously announced by JBI on May 15, 2012, the SAIC report was commissioned by JBI as an independent review of its

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Closure of JAVACO Subsidiary Reinforces Focus on JBI-s Plastic2Oil Business 0

THOROLD, ON — (Marketwire) — 07/13/12 — JBI, Inc. ("JBI" or the "Company") (OTCQB: JBII) announces plans to close its subsidiary Javaco, Inc. ("JAVACO") over the next several weeks, as part of the Company-s strategic plan to focus on its core business, Plastic2Oil® ("P2O").The Company acquired JAVACO, a retail and wholesale distributor of equipment, hardware and tools for maintenance and construction in 2009. JAVACO has not been profitable since 2

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