JBII shareholders report AGM details

Al Sousa was here and he spoke briefly. No one from Islechem talked. John had lots of good things to say about the progress the Florida P2O team is making. The goal right now is to get as many P2O machines in the Niagara facility up and running as soon as possible. This will give accurate projections of output and revenue from constantly operating continuous feed P2O machines.

JAVACO revenues are up 52% from 1st quarter 2009. They are using contacts in South America to start the process of retailing Pak-It supplies and P2O sites.

Pac-It has signed several new contracts with large clients. Infomercial is waiting for the new Pac-it machines to be installed. Right now the machines in operation could not keep up with the demand if the infomercials were launched. I believe they said within the next two months the new machines will be running and the infomercial will debut. Infomercials will reach 470 million people on networks such as Bravo, E, and other cable networks.

John was very excited about the P2O. He said the chemical engineers at IsleChem were amazed with the output. Virtually not "slurry" left behind post-processing. HIGH quality fuel. Output has been determined to be 8% natural gas, 15% gas, 75% diesel, and .02% slop.

Competitor P2O machines dispense 10% gas, 20% diesel, and 70% slop or useless slurry.

TRASNLATION: JBI WINS!!!!!

Just returned from AGM - nice turnout and professionally conducted - Amy MC'ed.
Ms. Vasquez was impressive and indicated that major new contracts have been signed and revenues are turning a corner - they more than doubled the same period last year.

CFO provided financial report which everyone knows about. Hopes it's not necessary to have another Private Placement.

Pak-it has some great ideas and the infomercials are to commence as soon as the automated line is complete - which they anticipate will happen within the next 30-60 days. The reason they have not started already is that some of the machinery they need is slow getting to them. They are geared up and ready to go out to an audience of 470,000,000 people. China is on line with Pak-It and they expect huge revenues from there in the near future.

Florida is working in parallel with New York and they are working hard on permits and feed stock nationwide. They have 2 congressmen who are extremely excited with the P2O prospects.
John is an excellent speaker - it not a written speech - off the cuff and never missed a beat. Islechem was extremely skeptical at first - or yeah, here we go again, type of attitude. Within a short time they were very excited with the results they were using some very descriptive adjectives when telling John their astonishment. Their assistance in design and engineering has been extraordinary.

JBII has signed a contract with URS to assist with Licences & Permits nationally and internationally.

Pictures of the prototype were shown at Islechem – unbelievable the number of tubes in and out of different places to test different aspects of the process.

The 20 ton is pretty impressive and the parts needed to make the processor can be made locally The process is continuous which mean the feedstock will added 24 hours a day - no need to stop on a daily basis. (JBII will machine their own piece that relates to the area for the catalyst).There were cameras and video everywhere. I believe funds were there. Processors will be built locally (as in North America). As soon as permits are issued they plan to commence installing processors.

Uplisting – they are at the mercy of the process – all questions have been answered and they will continue to pressure them for a decision. You won’t believe one of their concerns – they’ve never seen anyone return 31 million shares to the treasury – they’re not sure why anyone would do that so they’re trying to figure out whether this is a negative in some way – unbelievable.

In a word – EXCELLENT.

Extremely professional......anybody that doesn't think this company is totally legit and going places is in for a rude awakening!

Talking to John and Lynn Fri nite only confirmed my belief that this is an honest, sincere, dedicated man that cares about JBII and its shareholders.

He is excited yet frustrated because nothing goes as fast as one would like. For example the glove incident and waiting for permitting and uplisting are beyond his control. I asked if there has been interest in the JV's for P2O and he said about 70 or so inquiries so far.

From the AGM today....

Judy Vasquez talked about JAVACO and said revenues are up 52% for the first Qtr from approx. 1.3mil to 2mil. They are also working to help find sites for P2O and generate sales in Mexico for Pakit.

Steve Seneca spoke about Pakit.......They are working with Grainger to provide producet under the "Tough Guy" label. Also product for the "Karcher" label to be sold at Walmart. They are developing a car wash/wax product to be sold on QVC in the next 30 days and continuing to expand China with a company named "Victory" They are still waiting for new production equipment for Pakit that will take their production capabilities from 24paks/min. to 360 paks/min.

Infomercials will start when they believe they have the production capability. Look for retail products under the "Drop Shot" label.

P2O like someone already posted will be a 24/7 coninuous feed processor. Can't wait to see the 20T machine tomorrow. URS Corp. has been retained to do production audit, but don't know the details.

Over all very up beat and looking to the next AGM meeting already. Can't imagine all that will be achieved given another year.