SEYMOUR, Ind., June 11, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced that it has recently received and shipped orders to both new and existing customers in India.
One of the new customers is a well-known polymer solution provider that has been in business for over ten years in Hyderabad, India. This company produces the widest range of plastic stock shapes and has been shipped a container of several Cereplast bioplastic resins including Cereplast Biopropylene® 101 for injection molding, Cereplast Bio-polyolefins® 111D, which is utilized for soft and pliable Thermoplastic Elastomer (TPE) applications, and Cereplast Compostables® grades, which can be used for film and plastic sheets. An existing customer was shipped a container of Cereplast Compostables blown film resins for the manufacture of plastic bags. The Company expects to receive a third order from India this month.
Chairman and CEO of Cereplast, Inc. Mr Frederic Scheer commented, "We continue to maximize our opportunities in India, and are glad to see a steady stream of new orders coming from the region. India is the third largest consumer of conventional plastics in the world, and the country continues to take steps toward bioplastic alternatives to conventional resins. Our team in India continues to drive sales in the region, and we believe that this region will be an important part of our growth for 2013."
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® resins combine high biobased content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com. You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act 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.
CONTACT: Cereplast, Inc. Public Relations Nicole Robertson 812.220.5400 X1013 firstname.lastname@example.org Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 email@example.com Valter Pinto 914-669-0222 x201 firstname.lastname@example.org www.AllianceAdvisors.net