NIAGARA FALLS, NY--(Marketwired - Apr 22, 2013) - JBI, Inc. (the "Company" or "JBI") (
NAWTEC is recognized as the industry's premier technical conference and trade show focusing on municipal waste-to-energy operational issues and policy, the latest in legislative updates that impact waste-to-energy companies, as well as technology and research initiatives.
In conjunction with NAWTEC, company founder and Chief of Technology John Bordynuik's peer-reviewed paper entitled "Viable Production of Diesel from Non-Recyclable Waste Plastics" will be published by the American Society of Mechanical Engineers ("ASME"). This paper discusses the evolution of the Company's proprietary Plastic2Oil® ("P2O") process and the technological challenges faced and overcome by the company during its brief history.
"It is exciting to have John represent our company at NAWTEC this year, as well as to have his peer-reviewed paper published by ASME," stated JBI CEO Kevin Rauber.
More information on the NAWTEC conference can be at http://nawtec.swana.org.
About JBI, Inc.
JBI, Inc. is a clean energy company that recycles waste plastic into liquid fuels. JBI's proprietary Plastic2Oil technology can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills. For further information, please visit www.plastic2oil.com.
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 Annual Report on Form 10-K, filed with the SEC on March 15, 2013 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.