January 7, 2010 (FinancialWire) — JBI, Inc. (OTCBB: JBII) has paid all corporate debt, including accrued interest prior to its December 31, 2009, year-end in furtherance of its growth strategies. The company’s debt-free status results in a monthly savings of over $26,000 in interest payments.

The debt and accrued interest was paid without dilution to the company’s shareholders. In order to increase shareholder value and prevent shareholder dilution as JBI expands, since June 2009, CEO John Bordynuik has returned 31 million of his personal common shares to the company’s treasury.

JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI’s large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil.

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