JBII - Multiple Deals in a Week and a New CFO

Multiple Deals in a Week and a New CFO (PINK:JBII)

Getting a New, Experienced CFO at the Helm Always Inspires…
By Dennis Askew

Published: December 23, 2011 9:07:43 AM PST

JBII $1.99 +$0.36 +22.09%

With Oil topping $100 a barrel today fueled by those anxious bears, JBI, Inc. (PINK:JBII) is just positioned in the right place, at the right time to benefit as fuel and fuel technology are destined to be ‘hot button’ issues in 2012.

The Company’s proprietary Plastic2Oil converts plastic into liquid and gaseous fuels and that’s where the deals this week have emerged from: Energy.

But JBII isn’t a ‘one trick pony’ with three other units to generate revenue streams: It owns 100% of Javaco, a retail and wholesale distributor of equipment, hardware and tools for maintenance and construction.

The Company also owns 100% of Pak-It which manufactures cleaning chemicals, and owns two patents that allow for delivery of condensed cleaning chemicals in water soluble film, used in industrial cleaning operations. The JBII Data Business is involved in reading old magnetic tapes, interpreting, and restoring the data where necessary and transferring the recovered data to storage formats used in current systems. That’s a good business.

A busy week…

On Monday JBII announced the appointment of Matthew J. Ingham as the Company's Chief Financial Officer ("CFO") and shareholders always find a new person ‘in charge of the books’ to be inspiring. I do as well.

Wednesday JBII announced the signing of a long-term fuel supply agreement for its Plastic2Oil products with Indigo Energy Partners, a wholesale distributor of petroleum products and renewable fuels that utilizes an expansive network of distribution terminals and bulk plants across the U.S.

Today JBII announced the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited, an independent retail petroleum brand for regular and premium gasoline and diesel products in Canada. XTR will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, and Diesel Ultra LS Clear gasoline from JBII.

On Nov 25 the stock was trading at $0.99 and is currently trading in the $2 range; a gain of 102% in a little less than a month.

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.

http://www.smallcapnetwork.com/Multiple-Deals-in-a-Week-and-a-New-CFO-PINK-JBII/s/via/14/article/view/p/mid/1/id/447/

Multi-Year 'Transport Fuel' Take-Off Agreement With XTR Energy

THOROLD, Ontario, Dec. 23, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce today the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited ("XTR Energy").


XTR Energy is one of the largest and fastest growing independent retail petroleum brands for regular and premium gasoline and diesel products in Canada. XTR Energy focuses on well-priced products, timely deliveries and innovative customer retention programs. This focus has enabled XTR Energy to establish network locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and Saskatchewan.


XTR Energy will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, Diesel Ultra LS Clear and other acceptable road transport products from JBI, Inc. These products are the fuel output of JBI, Inc.'s Plastic2Oil(R) ("P2O") process, which will then be blended and made available through the Company's Blending Site in Thorold, Ontario ("Thorold Terminal").


"XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and across Canada. This new relationship is directly aligned with XTR Energy's strategic objective to have a diversified secure supply of quality petroleum products from a variety of sources to meet the growing demands of the XTR Energy network and preferred customers," stated Ken Wootton, President of XTR Energy, upon signing the agreement.


"We were attracted to XTR Energy because of their corporate values and distribution reach across much of Canada," commented John Bordynuik, CEO of JBI, Inc. "They are committed to green alternatives, high operational standards and maintaining long-term winning relationships with both their customers and suppliers."


The agreement with XTR Energy is a step forward in achieving the Company's vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company. It allows the Company to utilize the value of one of its key assets, the Thorold Terminal, a registered and licensed TSSA fuel blending and distribution facility with fuel storage capacity in excess of 250,000 U.S. gallons.


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