On May 1, 2013, Kevin Rauber informed the Board of Directors of JBI, Inc. of his resignation from his positions as the Company's President and Chief Executive Officer and from the Board, effective May 2, 2013. Tony Bogolin, the Company's Chief Operating Officer, has been appointed to the role of the Company's President and Chief Executive Officer as well as a Director of the Company. Mr. Rauber's decision to resign from the Board was not the result of any disagreement or dispute with the Company relating to its operations, policies or practices.