Cereplast Receives New Orders From India
SEYMOUR, Ind., June 11, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP)
(the "Company"), a leading manufacturer of proprietary biobased, compostable
and sustainable bioplastics, today announced that it has recently received and
shipped orders to both new and existing customers in India.
One of the new customers is a well-known polymer solution provider that has
been in business for over ten years in Hyderabad, India. This company produces
the widest range of plastic stock shapes and has been shipped a container of
several Cereplast bioplastic resins including Cereplast Biopropylene® 101 for
injection molding, Cereplast Bio-polyolefins® 111D, which is utilized for soft
and pliable Thermoplastic Elastomer (TPE) applications, and Cereplast
Compostables® grades, which can be used for film and plastic sheets. An
existing customer was shipped a container of Cereplast Compostables blown film
resins for the manufacture of plastic bags. The Company expects to receive a
third order from India this month.
Chairman and CEO of Cereplast, Inc. Mr Frederic Scheer commented, "We continue
to maximize our opportunities in India, and are glad to see a steady stream of
new orders coming from the region. India is the third largest consumer of
conventional plastics in the world, and the country continues to take steps
toward bioplastic alternatives to conventional resins. Our team in India
continues to drive sales in the region, and we believe that this region will
be an important part of our growth for 2013."
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.
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.
Alliance Advisors, LLC
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