| From: Savant | 8/7/2013 11:27:37 AM | | | | | | | Cereplast Provides Shareholders with an Outlook for the Second Half of 2013 | Cereplast Provides Shareholders with an Outlook for the Second Half of 2013
Seymour, Indiana, Aug. 7, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB: CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today is providing shareholders with an outlook for the second half of 2013. The Company expects to report similar growth for the second half of 2013 as compared to the first half with strong growth being driven by the finalization of legislation in Italy for plastic bags.
Revenue is anticipated to increase nearly 800% year-over-year during the first half of 2013 to approximately $1.7 million. The company anticipates comparable growth to occur during the remainder of the year, particularly during the fourth quarter and beyond.
Revenue growth is driven by sales in Europe, specifically in Italy as mentioned above. Growth in Italy is largely attributed to the provisions of the pending legislation to impose severe financial penalties on merchants who do not replace conventional single-use plastic shopping bags with bioplastic alternatives. Cereplast is currently working with over 70 Italian companies. The total addressable market for Cereplast in Italy is approximately $50 million annually. In North America and India, the Company continues to receive orders and believes that the annual volume potential for both markets is substantial.
Cereplast Chairman and CEO Mr. Frederic Scheer commented, "Cereplast is competitively positioned with proprietary, technologically advanced resins and a strong intellectual property portfolio. We are poised to capture the growing demand for our resins globally with a short-term focus on Italy, and with long-term aspirations in the broader EU marketplace, Asia and North America. We are fully prepared to meet the demand for this growth with ample production capacity and a strong management team."
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(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) 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.
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July 30th.
Cereplast Provides an Overview of the First Half of 2013 and an Outlook for the Remainder of the Year
SEYMOUR, Ind., July 30, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today is providing a shareholder update including an overview of the first half of 2013 and an outlook for the remainder of the year. The Company has made great strides over the past seven months and anticipates continued growth and success during the rest of 2013.
Compared to 2012, revenue for the first 6 months of 2013 experienced major growth, with the expected number to top approximately $1.7MM compared to about $0.2MM in 2012, reflecting a nearly 800% increase. This growth was fueled by the passing of Italian legislation that will require merchants to replace traditional single-use plastic bags with bioplastic and other alternatives. Severe sanctions will be imposed upon merchants that do not comply. Although this legislation is pending enforcement, management expects it to go into full effect in the fall of 2013. Upon enforcement, the Company believes that there will be a substantial increase in demand for its bioplastic resins. For the past 18 months, the Company has nurtured a group of over 70 Italian companies that have completed multiple successful tests with various grades of Cereplast Compostables(R) blown film resins. The Company estimates that the potential addressable market for their blown film resins in Italy is approximately $50 million per year. The Company has ample production capacity to serve such a demand.
Cereplast's office in Hyderabad, India has been actively educating local converters and introducing Cereplast resins. The demand is starting to accumulate, and several agreements are currently underway. India is one of the largest consumers of plastic polymers in the world, and the potential volume for bioplastic sales in the country is quite significant as they adopt bioplastic alternatives to conventional plastics, India is also very sensitive to the environment and has experienced firsthand the calamities created by excess industrialization and carbon dioxide emissions.
In the United States, the Company is working on over ten new projects both for Cereplast Compostables(R) resins and Cereplast Sustainables(R) resins. The steady increase in oil pricing is fueling a renewed interest in Cereplast resins and with two new business development managers dedicated to the domestic market, Management is confident to see measurable results before the end of Q3.
The Cereplast Research and Development department commercialized two new resins including Biopropylene A150D, an injection molding grade manufactured with 51% post-industrial algae biomass, and Compostable 2020D, an extrusion blow molding resin. Two new patents were granted and applications have been filed to protect the Company's new innovation in nano materials and algae biobased resins. The Company also incorporated a new, wholly owned subsidiary Algaeplast vehicle to develop algae-related research.
On the corporate side, the Company adopted an aggressive approach and filed legal actions against certain clients for their 2011 unpaid purchases. The Company was already successful in recouping valuable inventory in Italy as a settlement for outstanding receivables and is optimistic about the overall outcome of these pending actions.
"We are optimistic for the remainder of the year," said Mr. Frederic Scheer, Cereplast's Chairman and Chief Executive Officer. "Growth is expected to continue and increase and we believe that our growth projections will contribute to a stronger share price. The fundamentals of the company are excellent and our Management team is working to exceed our shareholders' revenue expectations."
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(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) 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.
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| From: Savant | 9/17/2013 2:39:18 PM | | | | | | Cereplast Advances Algae Bioplastics Development Process, Achieving Increased Sustainability and Lower Costs
Sep 17, 2013 08:00:44 (ET)
Seymour, Indiana, Sep 17, 2013 (GLOBE NEWSWIRE via COMTEX) -- Cereplast, Inc. (otcqb:CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, is advancing in the research and development stage in preparation to bring to the market a more sustainable and cost efficient process for the development of algae bioplastic resins. By using an algae biomass selection process in which food-based materials are not fed to the algae for growth, the food chain is not impacted, increasing sustainability. The material is also expected to lower costs in algae bioplastics development by deploying post-industrial processes, enabling the re-use of materials.
Algaeplast, a wholly owned subsidiary of Cereplast, develops algae-based bioplastics, leveraging post-industrial processes such as nutrient recovery from effluent waste streams and from carbon dioxide sequestration systems. As the algae biomass derived from these processes have already served a primary purpose, the secondary use of the material results in cost savings and increased efficiency due to material re-usage. In addition, Algaeplast does not use algae fed with food-based materials for growth. Algaeplast is the only company utilizing this criterion for the production of algae bioplastics.
"In a world in which the population is growing at a fast pace and demand for food and feedstock are on the rise, the use of feedstock for non-food purposes is often debated," said Frederic Scheer, Chairman and CEO of Cereplast. "A typical biofuel company will use a fermentation process that grows algae fast and with a high lipid content, but uses sugar as the carbon source. Cereplast's future family of bioplastics will leverage an algae source rich in ingredients suitable for plastic development, but also has no effect on the food chain, resulting in a sustainable and population conscious plastic alternative."
Algaeplast has four demonstration grades of algae in polypropylene with an algae biomass content from 15% to 51%. A newly commercialized grade includes algae in a thermoplastic elastomer (TPE). These grades show the ability for Algaeplast to formulate with algae biomass in TPE, polypropylene (PP), Polyethylene (PE), Ethylene Acrylate (EA), and other polymers. The ability to make algae biomass compatible in polymers has been practiced by Cereplast for several years.
Scheer added, "Cereplast is committed to being at the forefront of algae bioplastics development as we see tremendous demand and opportunity for this type of resin."
Algaeplast has several development programs in process for customer specific applications. The materials Algaeplast is working on are expected to become available in the second half of 2016.
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(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) 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 |
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| From: Savant | 10/22/2013 9:26:27 AM | | | | | | Cereplast Provides Shareholder Update on Market Development in North America
Oct 22, 2013 08:02:30 (ET)
Seymour, Indiana, Oct 22, 2013 (GLOBE NEWSWIRE via COMTEX) -- Cereplast, Inc. (otcqb:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today is providing a shareholder update on the market development in North America. The Company is focused on driving North America sales and expanding its intellectual property portfolio to address the demands for technologically advanced bioplastic resins while securing the Company's competitive advantage. Key market segments include compostable bioplastics and biobased bioplastics.
There are approximately 30 projects underway in North America with a potential volume of $10 million annually. Consumer products include a line of baby bicycle seats manufactured by MammaCangura by Bellelli, which are made from Cereplast Biopropylene(R) 101, a biobased bioplastic. In addition, the Company is targeting regions in North America that have banned conventional plastics for single-use disposable items such as bags, carry-out containers and straws. Cereplast provides compostable bioplastic resin alternatives for these types of applications, and sees significant market potential.
The Cereplast intellectual property portfolio currently consists of more than 20 patents and patent applications in the USA and worldwide, giving the Company a competitive advantage today and well into the future. Recent developments by the Cereplast research and development team include the commercialization of Bio-polyolefins A645D, the first thermoplastic elastomer (TPE) and 45% algae biomass compound for sheet extrusion and thermoforming. This soft, pliable TPE compound boasts good ductility and low modulus for applications such as liners, outdoor flooring and roofing tar additives.
Mr. Frederic Scheer, Chairman and CEO of Cereplast stated, "We continue to push the boundaries of what is possible with bioplastic technology by introducing the first algae biomass-filled TPE resin, Bio-polyolefins A645D. We are committed to being on the forefront of algae bioplastics development, as we see tremendous demand and opportunity for this type of resin. As we expand our intellectual property portfolio, we provide our customers with an array of technologically advanced bioplastic resins, which gives us an edge in meeting market demands. This approach is key to fostering sales and growth in North America, a region that continues to be a focus for the Company. We see tremendous opportunity in North America and are committed to further developing sales on the continent."
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(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) 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 |
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| From: Savant | 11/14/2013 10:03:51 PM | | | | | | Seeking alpha has the CC transcript out...however, it will break your eyes trying to read it....
It seems it is replete with errors, also. |
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| From: Savant | 12/16/2013 10:10:05 PM | | | | | | Cereplast Provides an Update on the Magna Litigation Seymour, Indiana, Dec. 12, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB: CERP), a leading manufacturer of proprietary biobased, compostable and sustainable plastics, today is providing an update on the litigation against the Magna Group.
On May 8, 2013, the Company filed in the Southern District of New York a lawsuit against Magna Group LLC and Hanover Holdings LLC for breach of contract, breach of the covenant of good faith and fair dealing. The Action is seeking compensatory damages in an unspecified amount, plaintiff's costs and attorneys' fees, and unspecified equitable or injunctive relief.
Magna Group LLC and Hanover Holdings LLC filed a request for relief and preliminary injunction against Cereplast on August 23. On December 11 the United States District Court - Southern District of New York denied the motion for a preliminary request injunction.
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(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) 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: Cereplast, Inc. Public Relations Nicole Robertson (812) 220 5400 nrobertson@cereplast.com Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 asheinwald@allianceadvisors.net www.AllianceAdvisors.net |
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| To: Savant who wrote (113) | 1/21/2014 11:24:25 PM | | From: Savant | | | | CERP 8-K:
Item 1.02 Termination of a Material Definitive Agreement.
As described in a prior Form 8-K, on August 24, 2012 Cereplast, Inc. (the “Company”) entered into a Stock Purchase Agreement (“Agreement”) with Ironridge Technology Co., a division of Ironridge Global IV, Ltd. (“Ironridge”), for the sale of up to $5,000,000 shares of convertible redeemable Series A Preferred Stock. The Agreement prohibited Ironridge from engaging in various activities that could be harmful to the Company.
On January 20, 2014, the Company notified Ironridge that Ironridge is in material breach of the Agreement and therefore, effectively immediately, the Company is terminating the Agreement. To date, Ironridge has purchased only $ 2,970,000 of the Series A Preferred Stock. The Company is currently exploring additional financing options as a replacement. |
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