Cereplast Opens Office on the East Coast to Meet Growing Demand for Products; New England Colleges Begin Using Cereplast Products.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) ), producer of proprietary bio-based resins which are used as substitutes for petroleum-based plastics, announced today that the Company has opened a sales office in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to accommodate the growing demand for the company's bio-based products. The company has named Matt Penrose as its representative for the Atlantic Coast region. Matt has been with the company for the past 3 years, serving in the capacity of West Coast regional manager, and has now been relocated to service the exploding East Coast demand for Cereplast's bio-based resins. "Since December, our products have been put into use at 10 different colleges and public institutions in and around the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. area with the help of our distributor Mansfield Paper," said Frederic Scheer, Cereplast's 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. . "Demand is picking up so rapidly that we have redeployed Matt to this part of the country in order to properly service and accelerate this growing demand." "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 and are discarded in municipal compost sites when their life cycle is complete," said Mr. Penrose, Cereplast's new East Coast representative. "We see strong and steady growth ahead, and we are positioned to meet this demand." 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 biodegradable /bio·de·grad·a·ble/ (-de-grad´ah-b'l) susceptible of degradation by biological processes, as by bacterial or other enzymatic action. bi·o·de·grad·a·ble adj. 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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