JBI Appoints Seasoned CFO & Prepares for Pak-It Launch

JBI, Inc. Appoints Ronald Baldwin, Jr. as CFO
NIAGARA FALLS, Ontario, Jan 4, 2010 (GlobeNewswire via COMTEX) -- JBI, Inc. (the "Company") (OTCBB:JBII) 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."