JBI, Inc. (the “Company”) is unable to file it

JBI, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2014 (the “Q1 Quarterly Report”) within the prescribed time period without unreasonable effort or expense because the Company continues to devote its efforts to completing and filing its Annual Report on Form 10-K for the period ended December 31, 2013 (the “2013 Annual Report”). As the Company previously reported, the Company’s Chief Financial Officer resigned in February 2014 and a new Chief Financial Officer was appointed in March 2014. This change resulted in a delay in the preparation of the 2013 Annual Report which, in turn, delayed the commencement of the preparation of the Q1 Quarterly Report. The Company intends to file the 2013 Annual Report during the week of May 18, 2014 and then plans to proceed with completion and filing of the Q1 Quarterly Report. The Company is seeking to file the Q1 Quarterly Report within the extension period provided under Rule 12b-25, however, due to the aforementioned delays, there can be no assurance that the Company will be successful in filing prior to the expiration of the extension period.