Jbi Inc. (GREY:JBII)

The GeoTeam® will follow the 310 Holdings Inc story as the company has made recent steps it hopes will help maximize shareholder value:

• Reported that all corporate debt, including accrued interest, will be paid in full effective December 29, 2009. The Company's debt-free status will then result in a monthly savings of over $26,000 in interest payments. The debt will be paid off without dilution to the Company's shareholders. Source: GlobeNewsWire (Dec. 18, 2009)
  
• Announced that John Bordynuik, CEO / President, has returned twelve million of his common shares to the Company's treasury and was issued one million non-convertible preferred. Source: GlobeNewsWire (Dec. 8, 2009)

Note: JBII is still not reporting meaningful EPS numbers.

We will offer updates if warranted.