Message #26 From:
NewsBot Date: November 13, 2006 06:00:00 AM
CERP News Cereplast, Inc. Invited to Northern California Green Food Ware Fair
HAWTHORNE, Calif.--(BUSINESS WIRE)--The City of Oakland has invited Cereplast, Inc.™
(OTCBB:CERP), a producer of renewable and biodegradable resins that are
alternatives to petroleum based resins, to attend its Green Food Ware
Fair on November 16, 2006. The Green Food Ware Fair is being held to
prepare food service providers for the city wide ban on polystyrene
foam. As of January 2, 2007, food vendors in Oakland may no longer use
disposable food service ware made from polystyrene foam (sometimes
referred to as Styrofoam®). Instead,
disposable food service ware must transition to biodegradable and
compostable products.
Cereplast's Biodegradable Products Institute (BPI) certified resins use
a patented and proprietary manufacturing process that incorporates
starch and other biodegradable components. These resins are a substitute
for petroleum based resins, and can be used to manufacture plastic
cutlery, plates, cups, straws and containers that are biodegradable and
compostable. Cereplast has been working closely with many of the major
food packaging converters to facilitate the development of biodegradable
and compostable food service ware.
“We are pleased to support the City of Oakland
in showing food service vendors that viable biodegradable and
compostable alternatives for food service products are readily
available. One of our customers is launching a new and comprehensive
line of food service products using Cereplast resins,”
said Frederic Scheer, President and CEO of Cereplast. “We
expect that this ban on polystyrene foam enacted in Oakland and in other
cities around the country, will further accelerate the increasing demand
for our resins.”
The fair will be held in the Oakland Asian Cultural Center from 3-5 pm,
and is being sponsored by Vice Mayor of Oakland Jean Quan.
About Cereplast
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary
bio-based, renewable plastics which are used as substitutes for
petroleum-based plastics in all major converting processes –
such as injection molding, thermoforming, blow molding and extrusions –
at a pricing structure that is competitive with petroleum based
plastics. Cereplast’s uniquely formulated
resins are certified biodegradable and compostable by BPI (Biodegradable
Products Institute). Learn more at 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.
