They Have JBI President CEO Kevin Rauber said �

They Have

JBI President & CEO Kevin Rauber said “We are very pleased that our Plastic2Oil technology continues to deliver steadily improving reliability and results.” He continued by stating, “I am thankful for the confidence and trust that our stockholders have in both our new executive team as well as in the Company and its technology.” He concluded, “As we continue to make progress in executing our business plan, we anticipate achieving increases in production and revenue that we expect will allow us to achieve cash flow positive results during the first quarter of 2013.”

Characterizing the revenues for the quarter, the Company reported in the Management’s Discussion & Analysis section of the Company’s Form 10-Q, “During the months of July and August of 2012, we experienced downtime with processor #2 related to both a planned downtime while we installed hardware to maximize production of No. 2 diesel fuel oil, as well as unplanned downtime due to feedstock quality issues. These downtimes resulted in lower than anticipated fuel production during those months.  However, our fuel production in September 2012 rebounded such that it was the single highest fuel producing month (in gallons) that the Company has seen to date.  In fact, this momentum in fuel production continued through the month of October 2012.”

Also, as disclosed in the Company’s Form 10-Q, the infrastructure of operations at the Company’s Niagara Falls facility continues to grow. As of the date of this filing, the Company has one operational processor and the reconstruction and upgrade of processor #1 has been completed and it is in startup mode. In addition, the Company expects the third processor to be operational in the first quarter of 2013.