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CERP News Cereplast Announces Facility Expansion

HAWTHORNE, Calif.--(BUSINESS WIRE)--Cereplast, Inc. (OTCBB:CERP), producer of proprietary bio-based resins which are used as substitutes for petroleum based plastics, is announcing that the Company has signed a lease to expand its operations with the addition of a new building. This move scheduled for January 15^th, 2007 allows the Company to consolidate its operations in two adjacent buildings creating a 50,000 square foot facility located at 3411 & 3421 West El Segundo Blvd., Hawthorne, California.

"We are very pleased with this added capacity for our production and logistics," stated Frederic Scheer, Cereplast’s chief executive officer. "As scheduled by December 31^st 2006, we have received equipment allowing us to reach a yearly production capacity of about 50 million pounds, so we are acquiring additional space to facilitate shipping logistics of our bio-resins. The addition of this new building will allow us to receive and ship up to 8 trucks at a time. This addition will allow the Company to better manage its growth and provide unparallel service to our clients.”

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.