THOROLD, Ontario, June 20, 2012 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQB:JBII) announced today that the Company will hold its Annual Stockholders' Meeting on Monday, July 23, 2012. Notice of the meeting was given pursuant to the Notice of Meeting included in the Company's Proxy Statement as filed with the Securities and Exchange Commission on June 21, 2012. As set forth in the notice, the Meeting will be held at the Fallsview Casino Resort, Exhibition Centre, in Niagara Falls, Canada at 3 pm EST. Stockholders who plan to attend the Meeting must complete the pre-registration process. Pre-registration instructions and full details about the Meeting can be found in the proxy statement or on the Company's website at www.plastic2oil.com.
Pre-registration will close at 4:00 pm EST, Thursday, July 19, 2012.
Please note that ONLY stockholders of record as of June 15, 2012 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.
CEO Kevin Rauber and the JBI, Inc. management team will provide an update on the Company's Plastic2Oil® business at the Meeting.
About JBI, Inc.
JBI, Inc. is an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement. JBI, Inc.'s patent pending Plastic2Oil® (P2O) process is a commercially viable, proprietary process designed to provide immediate economic benefit for industry, communities and government organizations with waste plastic recycling challenges. JBI, Inc. is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration. 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 March 19, 2012, as amended on April 30, 2012.
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/A, filed on July 18, 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.