Seymour, Indiana, Sept. 4, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:
CERP), a leading manufacturer of proprietary biobased, compostable
and sustainable bioplastics, today announced that it received five
purchase orders totaling $450,000 from an existing customer in
India for Cereplast Compostables® blown film resins. Each purchase
order totals $90,000 and will be delivered throughout the remainder
of 2013. The bioplastic resins will be used for the manufacturing
of single-use disposable bags for distribution in the Sri Lankan
and Middle Eastern markets.
The new purchase orders represent Cereplast's continued growth
and expansion in the Asian market. As the world's third
largest consumer of conventional plastics, India suffers from a
plastic pollution problem and has taken steps to help better
safeguard the environment. Regulations surrounding plastic
bags continue to gain momentum and legislation banning the use of
plastic bags has already gone into effect in multiple
regions.
Cereplast is well positioned to meet increasing demand for
plastic alternatives in India with its range of proprietary
bioplastics designed for multiple purposes. Cereplast Compostables®
blown film resins have a unique competitive advantage as they are
processed on the same equipment used for traditional plastic
manufacturing, making adoption of the bioplastics (from traditional
plastics) an easy transition. Cereplast Compostables® resins
replace nearly 100% of the petroleum based additives used in
traditional plastics and are used for single use disposables and
packaging including cups, straws, cutlery and bags.
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.
CONTACT: Contact:
Cereplast, Inc.
Public Relations
Nicole Robertson
812.220.5400 X1013
nrobertson@cereplast.com
Investor Relations:
Alliance Advisors, LLC
Valter Pinto
914-669-0222 x201
valter@allianceadvisors.net
www.AllianceAdvisors.net
