-- Eric Auchard is a Reuters columnist. isincorporated in the State of Nevada and is publicly traded on the NASDAQ OTCBBunder the symbol "TRTN".For more information, please see http:// and http:// StatementsThis press release contains statements, which may constitute "forward-lookingstatements" within the meaning of the Securities Act of 1933 and the SecuritiesExchange Act of 1934, as amended by the Private Securities Litigation ReformAct. completeda definitive agreement on July 15, 2009 to acquire and continue tape datamigration and transcription services of John Bordynuik Inc 310 Holdings Inc. Subsequently, John Bordynuik was appointed Presidentand CEO of the Company. Management has commenced operations with Plastic2Oil, aprocess and service that extracts fuel from plastic 310 Holdings Inc. If you want to promote this stock then buy it andpromote it based on its real value."About 310 Holdings, Inc.John Bordynuik purchased 63% of the issued and outstanding shares of 310Holdings on April 23, 2009.
is not in any way interested in dealing with stock promoterswho are seeking financial or stock compensation."Our capital is better used for us to acquire profitable companies than to spendvaluable company capital for short-term gains in the stock price," said Mr.Bordynuik "Do not call us. As well, it will be announcing an annualshareholders meeting to be held at its main facility. The Company has beencontacted by a number of investors and funds and would like to provide the bestpossible opportunity for due diligence.Stock Promoters310 Holdings Inc. By integrating this technology into a large batchprocessor, the Company believes that it can accomplish the following:--Approximately one liter of fuel is extracted from a kilogramof plastic.--The gas byproduct provides the energy necessary to fuel theprocess, thereby eliminating energy costs.--Due to our catalyst and a highly optimized process, fuel canbe extracted in four hours from a large source of rawunwashed, mixed plastics.--Raw plastic materials can be acquired in many forms at no costor even a negative cost.Name Change and New Symbol:The Company will be filing a Form 14 with the SEC to change its name and symbolto better reflect its business. Presently municipalities pay to direct thesematerials to landfill and are willing to direct these materials instead to 310Holdings Inc.
given that the fees to receive those materials are less.The Company will demonstrate its technology on a small scale with a smallPlastic2Oil processor. The Company will bereleasing detailed results shortly.The Company is presently negotiating long-term agreements to acquire rawmaterials at no cost or negative cost to the Company, including transportationexpenses paid by the supplier. As of today, there aremore than 250 shareholders of 310 Holdings on record, but more is required tomove to a larger exchange.Plastic2Oil:Plastic2Oil will convert tires to oil at a yield of approximately 45 per centfuel and the remaining byproducts are carbon powder and steel wire.A gas chromatograph is being installed at this moment. Management is confident that therevenue requirements will be satisfied, but we have not yet satisfied the numberof shareholders and minimum share price requirements. Management has been indiscussions with market makers and they have advised that they will create amarket for the Company on a larger exchange. Management is not particularly satisfied withtrading on this exchange and is working to move to a higher exchange as soon aspossible. It is premature to explore this until the Company's share price meetsthe minimum requirements of a higher exchange.
will use these funds to acquire profitable companies whoseowners and management are looking for stock-based incentives and/or retirement.These target companies must have consistent revenues, be are already profitable,and will benefit from an injection of the Company's technology to facilitaterapid growth.Management would like to address the questions directed at the Company regardingtrading on the OTCBB exchange. 310 Holdings willbe filing a Prospectus with the Ontario Securities Commission in order tofacilitate future private placements within the Province of Ontario, and aRegulation D filing with the SEC.310 Holdings Inc. The issuance of long-term warrants along with above-market purchaseprices was instituted to place the Company's stock in strong hands with thosewho want to assist the Company in moving to a larger exchange. This stock will be sold at above marketprices and will not dilute existing shareholders as John Bordynuik returned 10million shares to the treasury to facilitate growth.The capital is being raised to facilitate two future acquisitions that alignwith 310 Holdings Inc.'s growth model.Management would like to note that this private placement is intended forshareholders looking to grow long-term with the Company, and not for flippers ortraders. is also announcing a $3 million private placement for stockand long term warrants in the company. This equipment includes in excess of15 multi-core HP servers in a cloud configuration, dozens of HP workstations, acomplete 40-foot mobile data recovery container loaded with 18 tape drives andJBI technologies to read tapes off-site; another 45 customized tape drives; andother related supporting assets.This is an arms-length agreement between 310 Holdings Inc and John BordynuikInc. by President and CEO John Bordynuik, who is the majority shareholder inboth 310 Holdings and John Bordynuik Inc.John Bordynuik, President and CEO of 310 Holdings Inc., said, "While we wereonly able to recognize revenue from the tape processing for the last two days ofthe quarter, this acquisition has made us profitable immediately and will bedetailed in our quarter financials that will be released shortly."Private Placement:310 Holdings Inc.
None of JBI's liabilities are beingassumed by 310 Holdings Inc. The fixed assets are presently valued atapproximately $500,000 after depreciation. will continue to charge a flat rate fee of $22 per tape forvolume data recovery migration services. has processed tapes includingHRIR data for Apollo 14, Apollo 15, Nimbus III, and Nimbus IV, and is currentlyprocessing Viking Lander I tapes. As part of its data migration profit center,the Company has expanded its repertoire to include imaging of both film andmicrofiche, and is doubling the resolution of solutions that is currently on themarket.310 Holdings Inc. is able to use the specialized hardwareand software to immediately service existing clients of John Bordynuik Inc.,which includes processing thousands of tapes from NASA.Since the agreement was signed, 310 Holdings Inc. An 8k is being filed shortly thatincludes asset details and a proforma financial statement for the tape operatingprofit center only.Through the agreement, 310 Holdings Inc.