Message #37 From:
NewsBot Date: February 26, 2007 06:00:00 AM
CERP News Cereplast's Rapid Growth Highlighted in Modern Plastics Worldwide(TM)
HAWTHORNE, Calif.--(BUSINESS WIRE)--Cereplast™, Inc. (OTCBB:CERP), a producer of proprietary bio-based resins used as a substitute for petroleum-based plastics, was featured in Modern Plastics Worldwide, the industry’s leading trade publication. The article focuses on Cereplast’s growth at rates faster than the industry average.
Noting that the company is completing installation of its third production line, CEO Frederic Scheer expects growth to continue well in excess of the 20% average experienced in the bio-resin industry. The article notes that “the key to the company’s expansion is diversification in feedstocks, drawing from four starch sources, instead of just corn, which has grown tighter in supply and higher in price due to the push for ethanol as a gasoline additive in the U.S.”
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 processes, 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.
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.
