Today, 310 Holdings, Inc. announced that it has changed its corporate name to JBI, Inc. The company will announce a symbol change when available. Despite a name change, JBI is still committed to investing its resources in long-term, highly sustainable growth and real value through its recently acquired subsidiaries.
JBI also announced that its unaudited, nine month consolidated pro-forma revenues totaled $10,156,919, with reported net earnings at $167,398. The company’s total assets valued at $22,486,751. Full financial details are available at www.sec.gov on the Form 8-K filed with the Securities & Exchange Commission on October 7, 2009.
John Bordynuik, JBI CEO and President, stated, “Currently, we are working to integrate the Company’s recently acquired wholly owned subsidiary Pak-It, LLC’s ‘Made In Canada’ manufacturing and marketing operations with that of JBI. Also, I am pleased that the Company is profitable in light of the recently incurred, non-recurring costs and fees associated with our recent acquisitions of Javaco and Pak-It, LLC. We are progressing with our Plastic2Oil operations and investing our profits into this business unit.”
The company will announce the date of an interactive conference call through a Press Release in the near future. Mr. Bordynuik will be available on this call to update the investment community on the company’s progress and answer investor inquiries.