Cereplast, Inc., (OTCBB:CERP) the provider of proprietary bio-based resins that are a substitute for petroleum based plastics, today announced that the company’s shares have been approved for trading on the NASD’s Over-the-Counter Bulletin Board market under the symbol CERP.
“We are very excited to go forth under our new trading symbol, CERP,” stated Frederic Scheer, the Company’s President and CEO. “Current shareholders and potential new investors can use the symbol to obtain our current trading and financial information, as well as getting news about our company’s developments and accomplishments. We are also very excited about our business. Selling at prices that are comparable to petroleum based resins, but being made from bio-based products such as corn starch and potato starch, we believe we have the perfect combination of characteristics to develop a rapidly growing company for our shareholders.”
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 and compostable and have comparable or superior performance characteristics to conventional plastics, and are sold at prices that are competitive with plastics.
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.
Source: Cereplast press release Nov. 08, 2005.