HAWTHORNE, Calif., Nov. 4, 2005 (PRIMEZONE) -- 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 SB-2 registration statement has been declared effective by the Securities and Exchange Commission (SEC).
The company's CEO, Mr. Fredric Scheer, said, "We are very pleased that our registration statement has been declared effective and that we have become a public company. We can now turn our energies and focus to developing markets and customers for our bio-based resins, which are biodegradable and compostable and have comparable or superior performance characteristics to conventional plastics. We look forward to building a successful 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. http://www.cereplast.com
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.