Cereplast Provides Update on Application Development in India Three Dozen Indian Companies Testing Various Cereplast Bioplastic Resins EL SEGUNDO, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today is providing an update on applications that are currently in development on the Indian continent. Three dozen companies are currently testing Cereplast bioplastic resins, including Cereplast Compostables® resins and Cereplast Biopropylene® grades for a variety of different applications. Compostable applications include blow-molded water bottles, blown film garbage bags and single-use grocery bags by companies including Jeevan Polmers of Hyderabad, Andhra Pradesh and Back to Compost of Mumbai, Maharashtra. Durable, Biopropylene applications include industrial products, electrical tubing, helmets, bottles and caps, reusable non-woven bags, buckets, dishes, furniture and other household items by companies including Saraswati Plastics, Sachin Plastics, Jain Plastic Corporation and Sri Sai Vishwas Industries of Hyderabad, Andhra Pradesh. Images of some of these applications may be seen at http://www.cereplast.com/in-development/. Mr. Frederic Scheer, Chairman and CEO of Cereplast, Inc. stated, "We are encouraged by the growing interest in the Indian market for our bioplastic resins. Based on the positive feedback we are receiving from our customers about their trials, we anticipate that several of these applications will be commercialized soon." About Cereplast, Inc. Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® resins combine high biobased content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com. You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc. The Cereplast, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9567 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. CONTACT: Cereplast, Inc. Public Relations Nicole Robertson (310) 615-1900 x154 firstname.lastname@example.org Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 email@example.com Valter Pinto 914-669-0222 x201 firstname.lastname@example.org www.AllianceAdvisors.net Cereplast, Inc. Logo
Cereplast Provides Update on Application Development in India
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