Message #34 From:
NewsBot Date: February 12, 2007 06:00:00 AM
CERP News Cereplast Announces That the Compostable Logo is Granted by BPI to the 'Full Circle(TM)' Retail Cutlery Distributed by Penley Corporation
HAWTHORNE, Calif. & WEST PARIS, Maine--(BUSINESS WIRE)--Cereplast, Inc. (OTCBB: CERP), producer of proprietary bio-based resins, today announced that the Biodegradable Products Institute (BPI) has granted the use of its logo for the cutlery manufactured and distributed by Penley Corporation. The cutlery will be manufactured using the Cereplast injection molding grade resin and will be introduced as a new line of cutlery under the trademark “Full Circle™.”
Products bearing the BPI logo meet ASTM D6400 and are designed to biodegrade quickly, completely and safely, without leaving any plastic residue in commercial and municipal composting facilities.
Cereplast resins are formulated from a patented and proprietary manufacturing process that incorporates starch and other degradable components. The Cereplast injection molding grade resin includes poly lactic acid (PLA) from NatureWorks, LLC. Cereplast resins can be substituted for petroleum-based resins in a wide variety of processes, including injection molding, extrusion and thermoforming.
Penley Corporation’s family of products include plastic cutlery, straws, toothpicks, clothespins and matches and can be found in retail stores through the United States. Penley Corporation is a major provider of private label cutlery in the North American retail markets.
About Cereplast, Inc.
Cereplast, Inc. (OTCBB: CERP) designs and manufactures proprietary starch-based, renewable plastics. Cereplast has developed a breakthrough technology to produce proprietary bio-based resins which are used as substitutes for petroleum-based plastics offering price stability and competitive costs compared to traditional resins. Cereplast resins can be used in all major converting process such as injection molding, thermoforming, blow molding and extrusions. Made from renewable resources such as corn and potato starch, Cereplast resins are certified biodegradable and compostable by BPI (Biodegradable Products Institute) and have comparable or superior performance characteristics to conventional plastics and return to nature quickly and safely. Learn more at http://www.cereplast.com
About Penley Corporation
Penley Corporation is a major provider of consumer products to the food, drug and mass merchant retailers throughout the United States, Mexico and the Caribbean Islands. Products are marketed under the Penley brand name and private label brands. Headquartered in West Paris, ME, Penley Corporation provides sales and marketing support utilizing the services of a network of food brokers and regional sales managers. To learn more at www.ThePenleyCorporation.com
About Biodegradable Products Institute
BPI is a multi-stakeholder group, involving people and organizations that produce, use or recover biodegradable plastic products. It promotes the growth of biodegradable plastics through education, use of scientifically-based standards and cooperative efforts with organizations in Europe and Asia. To learn more, visit the website at www.bpiworld.org.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
