Cereplast Provides an Update on the Magna Litigation

Cereplast Provides an Update on the Magna Litigation

Seymour, Indiana, Dec. 12, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:
CERP), a leading manufacturer of proprietary biobased, compostable and
sustainable plastics, today is providing an update on the litigation against
the Magna Group.

On May8, 2013,  the Company  filed in  the Southern  District of  New York  a 
lawsuit against  Magna  Group LLC  and  Hanover  Holdings LLC  for  breach  of 
contract, breach of the covenant of good faith and fair dealing. The Action is
seeking compensatory damages in an  unspecified amount, plaintiff's costs  and 
attorneys' fees, and unspecified equitable or injunctive relief.

Magna Group  LLC and  Hanover Holdings  LLC  filed a  request for  relief  and 
preliminary injunction  against Cereplast  on August  23. On  December 11  the 
United States District Court - Southern District of New York denied the motion
for a preliminary request injunction.

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.

CONTACT: Cereplast, Inc.
         Public Relations
         Nicole Robertson
         (812) 220 5400
         nrobertson@cereplast.com
        
         Investor Relations:
         Alliance Advisors, LLC
         Alan Sheinwald
         914-669-0222
         asheinwald@allianceadvisors.net
         www.AllianceAdvisors.net

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