Cereplast Expands Internationally.Alec Pettigrew Appointed Senior Vice President, International Sales HAWTHORNE, Calif. -- 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) ), manufacturer of proprietary bio-based renewable plastics, began operations in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. today, establishing its first-ever international sales office. In addition, Alec Pettigrew joined the Company as Senior Vice President, International Sales and Marketing -- Asia and Europe, laying the foundation for future global expansion. "The growth of international markets and global focus on environmentalism environmentalism, movement to protect the quality and continuity of life through conservation of natural resources, prevention of pollution, and control of land use. make international expansion a necessity for Cereplast. Cereplast's strategy is to promote its resin both toward converters and brand owners in a global market," said Scheer, Chairman & 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 Pettigrew brings nearly 20 years of experience in international sales and marketing ranging from the United Kingdom to Hong Kong, including regions in Africa, Asia and the Middle East. His addition opens new market opportunities in some of the fastest growing economies in the world. Pettigrew's primary responsibilities include identifying new prospects in the burgeoning economies of Asia Pacific, as well as creating in-roads into the established markets in Europe. Beyond the new office in Hong Kong, Cereplast anticipates to open a presence in Europe later this year to better serve a few promising clients. Prior to joining Cereplast, Pettigrew was Managing Director of Marlow International, a leading global supplier of promotional merchandise to Fortune 500 companies during which time he worked with The Coca Cola Noun 1. Coca Cola - Coca Cola is a trademarked cola Coke cola, dope - carbonated drink flavored with extract from kola nuts (`dope' is a southernism in the United States) Company, Yum Brands, The Gillette Company, BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. and many others. Pettigrew is a graduate of Oxford Brookes University Oxford Brookes University is a public university in Oxford, England. Overview The University has roots in Oxford that go back to 1865 (when it was known as the Oxford School of Art). The present student body is 19,000. in England, with Bachelor's of Arts degrees in Law and Accounting. In 2001, he received Hong Kong's Young Entrepreneur Award (Certificate of Excellence) for his achievement in the business community. 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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