THOROLD, Ontario, May 25, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) would like to remind all shareholders who plan to attend the Company's Annual Shareholders' Meeting on Saturday, June 11, 2011 to complete the pre-registration process. The Annual Shareholders' Meeting of JBI, Inc. will be held at the Fallsview Casino Resort, Exhibition Centre, in Niagara Falls, Canada at 1:30 pm EDT. Pre-registration instructions and full details about the Meeting can be found on the Company's website at www.plastic2oil.com.
Please note that ONLY shareholders will be allowed to attend the meeting. There will be no exceptions allowed. For clarification, this means only those whose names are on the proof of share ownership may attend. Spouses or family members will not be able to attend if they cannot provide proof of share ownership. In order to attend the Meeting, an individual must be a shareholder of JBI, Inc., as of Tuesday, June 7, 2011; and must give prior notice in order to attend the Meeting on Saturday, June 11, 2011.The prior notice must arrive at the Company by 4:00 pm EDT, Tuesday, June 7, 2011.
CEO John Bordynuik and the JBI management team will provide an update on JBI's progress across all business units at the meeting as well as discussing the company's future trajectory.
CEO John Bordynuik commented, "We are looking forward to updating our shareholders on what has been a very intense and productive past year, as JBI continues to achieve new milestones and partnerships."
About JBI, Inc.
JBI, Inc. is a domestic alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K filed with the SEC on April 20, 2011.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: JBI Inc.