JBI, Inc. Completes Employment Agreement for CEO John Bordynuik

NIAGARA FALLS, Ontario, GLOBE NEWSWIRE May 20, 2010

JBI, Inc. (the "Company") (OTCBB:JBII) today entered into an employment agreement including a compensation plan for CEO John Bordynuik. The compensation plan will commence upon issuance of the production permit for the Company's first Plastic2Oil processor. The five year agreement provides Mr. Bordynuik with a base salary as well as option awards contingent upon specific milestone achievements consistent with JBI's value-based management philosophy. Compensation will be reviewed by the Board of Directors' Compensation Committee annually.

In consideration of the services to be rendered hereunder, the Company hereby agrees to pay the Executive an annual base salary of $180,000, commencing the date the Company receives full DEC approval, payable in equal semimonthly installments in accordance with the usual practice of the Company (the “Base Salary”). The Base Salary shall be subject to an annual review by the Board and may be renegotiated based on criteria to be determined by the Board. The Executive will be responsible for his own income tax payable to relevant federal and state authorities in the United States. The Executive's Base Salary shall be subject to annual review by the Board (or a committee thereof).

(b) Stock Options. Subject to the terms and conditions provided in this Agreement, the Company agrees to grant the Executive stock options to purchase a maximum of 250,000 shares of the common stock of the Company in the following manner.

1. The first tranche of 100,000 options at an exercisable at a price of $4.89 and become fully vested on the Effective Date.

2. The second tranche of 75,000 options carrying an exercise price of $4.89, and vesting upon the completion of 5 fully operational Plastic 2 Oil (“P2O”) processors.

3. The third tranche of 75,000 options carrying an exercise price of $4.89, and vesting when the Company’s market capitalization exceeds $500,000,000 as determined by the Company’s independent accounting firm.

Mr. John M. Wesson, Chair of the Compensation Committee, commented, "This agreement affirms John Bordynuik's efforts to build value for JBI shareholders and provides him with compensation for achieving milestones significant to the growth of the Company. The Board looks forward to establishing additional incentives as soon as the outlined goals have been achieved."

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.