JBI, Inc, is approved to list on OTCQX

NIAGARA FALLS, Ontario , July 23, 2010 (GLOBE NEWSWIRE) -- On Wednesday, July 21, 2010 , JBI, Inc. (the "Company") (OTCBB:JBIIE) received approval of its application to the OTCQX U.S. Premier marketplace (www.otcqx.com). The Company was further advised on Wednesday, July 21, 2010 that quotation could begin as early as Friday, July 23, 2010 . On Thursday, July 22, 2010 , management was informed that, in fact, the timing of the transition would be determined by the removal of the "E" from the Company's stock symbol. Management is filing an emergency motion with the hearing officer handling management's case with FINRA to seek removal of the "E."As soon as a hearing is held and the hearing officer renders a decision, the Company will provide a further update.It is management's understanding that once the Company became compliant with SEC reporting requirements by filing its first quarter Form 10-Q on Friday, July 16, 2010 , that the "E" would be removed within three business days.Management has not been provided an explanation for why the "E" has not been removed.

The OTCQX marketplace is the premier tier of Pink OTC Markets Inc. interdealer quotation service providing investors with an objective measure to distinguish OTC-traded companies.Trading on the OTCQX provides investors with transparent, fully electronic trading, superior access to information, and efficiency through many major online and full-service brokerage firms. The OTCQX Premier has many listing requirements including financial and market-related minimums and the conduct of annual shareholders' meetings.Unlike the OTC Bulletin Board, the OTCQX is not owned by FINRA.

The Company is pleased to join other global companies that trade their securities on the OTCQX including, among others, Adidas , Air France-KLM , Allianz, AXA, BASF, Benetton , BNP Paribas , Deutsche Telekom , Marks & Spencer , Roche , Wal-Mart de Mexico and Zurich Financial Services .