Cereplast, Inc. Responds to Polystyrene Ban by Santa Monica City Council; Cereplast and Its Partners Ready to Provide Environmentally-Friendly Alternatives.HAWTHORNE, Calif. -- In response to the Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. City Council's decision Tuesday night to ban all non-recyclable food-related packaging within Santa Monica, Cereplast, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CERP CERP Continuing Education Recognition Points CERP Comprehensive Everglades Restoration Plan (United States Army Corp of Engineers; South Florida Water Management District, and other Florida state agencies) ), producer of renewable and biodegradable plastics, which are alternatives to petroleum-based plastics, announced that it is ready to work with the city and businesses as they move away from petroleum-based plastic food containers. Cereplast's BPI-certified resins use a patented and proprietary manufacturing process that incorporates starch and other biodegradable components, including PLA (Programmable Logic Array) A type of programmable logic chip (PLD) that contained arrays of programmable AND and OR gates. PLAs are no longer used. See PLD. (language, music) Pla - A high-level music programming language, written in SAIL. from NatureWorks(R) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Cereplast has already been working with the City of San Francisco
"Cereplast is pleased that the City of Santa Monica has recognized the importance of discouraging the use of traditional petroleum-based plastic containers. This ban underscores increasing consumer and industry interest in reducing the impact on the environment," said Frederic Scheer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cereplast. "The time is right, given the rising costs of fossil-fuel based plastics, and the dilemma of decreasing landfill space, for responsible municipalities to look for alternatives." Cereplast recently partnered with Duni Corporation to develop a line of thermoformed food containers that meet Biodegradable Products Institute (BPI) standards for compostability and biodegradability, offering Santa Monica consumers and businesses another environmentally-friendly alternative. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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