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  Cereplast, Inc. Logo