Colleges and Universities Around the Country Are Embracing the Use of Cereplast Products for 2006 Earth Day Celebration; Continues trend of bio-plastics displacing petro-plastics in food serviceware, packaging and other applications.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 that are substitutes for petroleum based resins, announced today that colleges throughout the country are embracing the use of food service ware made with Cereplast bio-based resin. Viewing bio-based plastics as a socially responsible alternative to traditional petroleum based plastic, the Company's resin was used to manufacture compostable food service ware that is now being used at several college campuses including: University of La Verne The University of La Verne is a private university in La Verne, California (about 35 miles east of Los Angeles) with a main campus, seven satellite campuses throughout central and southern California, a law school, and two military regional campuses at Point Mugu Naval Air Station (CA), California State University Enrollment Seattle University was founded by Father Victor Garrand and Father Adrian Sweere in downtown Seattle, and has served as both a high school and college. In 1893, construction started on the First Hill campus. (WA), St. Mary's College of California This article is about College of California. For New College of California, see New College of California. The College of California was the predecessor of the University of California. , UC Davis (CA), Pt. Loma Nazarene College (CA), Allegheny College Founded in April 1815 by the Rev. Timothy Alden, Allegheny is the 32nd oldest college in the USA and the oldest college in continuous existence under the same name west of the Appalachian Mountains. (MD) and University of Vermont. These colleges and universities, among others, have introduced Cereplast bio-based resin food serviceware as part of campus-wide composting programs and will be used at numerous Earth Day celebrations later this month. These colleges have found that an established composting program is a highly effective way to reduce their overall amount of waste going to the country's landfills. Products using Cereplast's bio-based resins were selected over petroleum based resins because they are the right environmental choice and also because they biodegrade in municipal composting facilities. With a nod to the enthusiastic response seen by the company's sales executives on both sides of the continent, Mr. 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. , said "we are pleased to see this growth in the use of products made with our resin on both coasts and are thrilled to see the genuine interest of a lot of new customers in the heartland, as well. It is our contention that we are at the forefront of a sustained trend of bio-plastics replacing petroleum based plastics, as evidenced by the fact that we are doubling our production capacity and are actively exploring our options so that we can multiply capacity yet again to meet this exploding demand." Cereplast creates several bio-plastic resins that can be shaped into a variety of products including utensils, containers, film and other packaging. Cereplast resins are formulated from a patented and proprietary manufacturing process that incorporates starch, 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. made by NatureWorks, Llc. and other biodegradable components. 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. Manufactured from renewable resources such as corn and potato starch, Cereplast resins are bio-based, biodegradable and compostable, 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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