Cereplast Expands Its Presence in the Pacific Northwest; Company Awarded Contract for Biodegradable and Compostable Trash Bags in Seattle Area.HAWTHORNE, Calif. -- Cereplast(TM), 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) ) a producer of proprietary bio-based resins which are used as substitutes for petroleum-based plastics, today reports that it has been awarded a contract for its biodegradable bags from the City of Seattle. This is the initial phase of a larger municipal program that is expected to expand through industrial and commercial distribution networks in the region. Cereplast products have earned a strong presence in the Seattle Metropolitan Area The Seattle metropolitan area in Washington, USA includes the city of Seattle, King County, Snohomish County, and Pierce County within the Puget Sound area. The U.S. Census Bureau defines the metropolitan area as the Seattle-Tacoma-Bellevue, WA . Working with several King County municipalities and with commercial refuse hauler Waste Management, Inc Waste Management, Inc. (NYSE: WMI) is a waste management, comprehensive waste, and environmental services company in North America. The company's network includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, ., (NYSE NYSE See: New York Stock Exchange :WMI (Windows Management Instrumentation) A programming interface (API) in Windows that allows system and network devices to be configured and managed. WMI is based on WBEM, which stores all definitions in a CIM database. ), Cereplast has placed its biodegradable bags into hundreds of commercial establishments. A recent study by King County concluded that these bags were a significant reason for the success of the food organics recycling program, which is run through Cedar Grove Cedar Grove can refer to: Locations
Russell Wegner, Vice President of Marketing and Regional Planning, stated, "This is another success for Cereplast in the Northwest. We have been providing bags for commercial organic recycling in the Seattle Area for quite some time. This reaffirms that our products compete well and are chosen above other competitors." "Use of our products is growing so rapidly because we meet the criteria that so many forward thinking institutions are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. these days. Our bio-based plastic resins and products are made from renewable resources, thereby reducing demand for imported petroleum. Our products look, feel and perform as any other similar plastic, but unlike petro-based plastics, ours are discarded in municipal compost sites when their life cycle is complete. We see strong and steady growth ahead, and we are well positioned to meet this demand," concluded Mr. Wegner. About Cereplast, Inc. Cereplast, Inc. has developed a breakthrough technology to produce proprietary bio-based resins which are used as substitutes for petroleum-based plastics in a variety of applications, including the manufacture of food service items such as utensils, plates, cups, and straws. Made from renewable resources such as corn and potato starch, Cereplast resins are bio-based, biodegradable and compostable and have comparable or superior performance characteristics to conventional plastics, and are sold at prices that are competitive with plastics. http://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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