Message #27 From:
NewsBot Date: November 27, 2006 06:00:00 AM
CERP News Cereplast Anticipates End-of-Year High
HAWTHORNE, Calif.--(BUSINESS WIRE)--Cereplast™, Inc. (OTCBB:CERP), a producer of
proprietary bio-based resins used as a substitute for petroleum-based
plastics, today reports that the company’s
significant November achievements continue to build forward momentum.
Cereplast was formally recognized on the shortlist for the first-ever
international Bioplastics Awards from European Plastics News. The
company was also awarded the State of Massachusetts procurement contract
for bio-based plastics products made from Cereplast resins.
On the Bioplastics Awards shortlist, Cereplast joins international
bioplastics leaders in processing, applications, marketing and retail.
As a showcase for bioplastics innovation, these first-ever awards seek
to recognize the people, producers and companies at the vanguard of
sustainable product offerings. Winners will be announced December 6 at
the 8th Annual Bioplastics global conference in
Frankfurt, Germany.
Earlier in November, Cereplast was awarded the Commonwealth of
Massachusetts State contract GR020, for the purchase of products made
with Cereplast’s bio-based resins. The
contract provides biodegradable foodservice products that comply with
the Biodegradable Product Institute (BPI) standards. The foodservice
products are made from Cereplast’s bio-based
resins.
“The Bioplastic Awards recognition is
significant not only for Cereplast and others on the shortlist, but also
for the industry and the sustainable products movement as a whole,”
said Frederic Scheer, Cereplast’s CEO. “There
is growing leadership and dedication at all levels—from
consumers, industries, and local, state and federal governments—to
reduce our negative impact on the environment and public health. The
Bioplastics Awards make clear that there’s a
sea-change in the plastics industry. Some companies have run from it,
others have been testing the waters, and still others, such as
Cereplast, have completely immersed themselves in years of dedicated
research and development of alternative plastics.”
The Bioplastics Awards is organized by leading pan-European trade
magazine European Plastics News to help develop markets and
applications for bioplastics. Bioplastics 2006 is the longest standing
global conference for the bioplastics sector and has provided an
independent perspective on this fast-moving marketplace.
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.
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.
