John Bordynuik, CEO / President, has returned twelve million of his common shares to JBII’s treasury and was issued one million non-convertible preferred shares, with 100 to 1 voting rights and no dividend income.
John Bordynuik commented, "Since June 2009, I have returned 22 million of my common shares to the Company's treasury. I have no interest in selling my personal shares or impeding corporate share growth through unnecessary or potentially damaging dilution. My goal is to build a dynamic global growth company and, in so doing, to maximize share valuation for all loyal shareholders. This is best accomplished by growing our core businesses, making prudent acquisitions, and increasing net earnings per share."
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JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
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