The Brewer Group Announces Strategic Partnership With JBI, Inc.
26 Febrero 2014 - 9:37AM
Marketwired
The Brewer Group Announces Strategic Partnership With JBI, Inc.
TBG and JBI Partner to Enhance Business Development and Global
Expansion Efforts
MINNEAPOLIS, MN and NIAGARA FALLS, NY--(Marketwired - Feb 26,
2014) - The Brewer Group, Inc. ("TBG"), a global investment
advisory firm, announced a new strategic partnership with JBI, Inc.
(the "Company" or "JBI") (OTCQB: JBII), a clean energy company that
recycles waste plastic into liquid fuels. TBG will provide tailored
services to JBI in effort to enhance business development and
global distribution for the Company, including providing access to
numerous markets throughout the world.
JBI has the ability to change the way the world handles waste
plastic and plastic recycling through their proprietary
Plastic2Oil® technology, which can deliver economic and
environmental benefits by replacing refined fuels and diverting
waste plastic from landfills.
"I am thrilled to have the opportunity to help JBI advance their
progress in the renewable energy space and we look forward to
taking on the challenges presented by the abundance of plastic
waste," said His Excellency Ambassador Jack Brewer, The Brewer
Group CEO. "We expect JBI to be a centerpiece of our global
sustainable energy initiatives. Prior to making the decision to
invest in JBI, we engaged in extensive due diligence along with our
global partners whose clients would benefit from the purchase of
Plastic2Oil® machines."
By upholding its "global vision with a social impact" mission,
The Brewer Group's established international network puts them in
the unique position to help JBI continue to build their brand
domestically and internationally as well as help facilitate
strategic development opportunities in various global markets. The
partnership will specifically focus on global expansion using TBG's
exclusive network and established relationships with key
international decision makers spanning government development
agencies, financial institutions, private equity firms,
corporations, NGO's and major distribution partners in numerous
continents including throughout the Caribbean, Latin America, and
in various regions of Africa as well as China.
"At JBI, our team is fully focused on making a sale of our
flagship Plastic2Oil® processor within the coming months," said
Richard Heddle, JBI's CEO. "We plan to expand our Board of
Directors to include new members with substantial public company
experience and we are searching for a CFO that will be able to meet
our needs given our aggressive growth plans. Until a new CFO is
hired, Nicholas Terranova will consult with the Company, and in
order to ensure a proper transition to our new full time CFO, he
will do so until our next quarterly filing is timely made. We are
very excited to be working with The Brewer Group as we implement
our global sales strategy."
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.
About The Brewer
Group The Brewer Group, Inc. ("TBG") is a diversified global
investment advisory firm focused on providing tailored services to
its clients spanning numerous sectors including: Biotechnology;
Sustainable Technology & Agriculture; Wearable Technology &
Consumer Products; Hospitality; Education & Cultural Exchange;
and Sports, Media & Entertainment. TBG relationships with key
international decision makers spanning government development
agencies, financial institutions, private equity firms,
corporations, NGO's and numerous leaders in sports and
entertainment place the firm in a unique position to execute a wide
range of services. For further information, please visit
www.thebrewergroup.com or follow them on Twitter.
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.
The Brewer Group Contact: Kristi Hofacker Interactive Marketing
and Media Manager 651-247-4460 Kristi.Hofacker@thebrewergroup.com
JBI Contact: Louis Pearce Corporate Communications & Investor
Relations Representative Bespoke Growth Partners, Inc. 561-381-1829
lp@123bgp.com Media Inquiries: media@jbi.net or please visit the
JBI, Inc. Newsroom at www.plastic2oil.com
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