Cereplast, Inc. Begins Trading on the NASDAQ
Capital Market
April 12, 2010 04:04 PM Eastern Daylight Time
EL SEGUNDO, Calif.--(EON: Enhanced Online News)--Cereplast, Inc. (OTCBB: CERP) (“Cereplast” or “the
Company”), a leading manufacturer of proprietary bio-based, sustainable plastics, announced after the close of
trading today that shares of its common stock will begin trading on the NASDAQ Capital Market, effective at the
start of trading on April 13, 2010.
“Trading on the NASDAQ is a milestone in our evolution as a public company, and we consider it a significant
accomplishment to have joined the ranks of NASDAQ-listed companies,” said Mr. Frederic Scheer, Founder,
Chairman and CEO of Cereplast, Inc. “The up-listing of our shares requires additional corporate responsibilities and
requirements. The net effects should be increased liquidity and a higher profile in both the investment and corporate
communities alike.”
Continued Mr. Scheer, “The up-listing of our shares comes as we begin to see signs the economy is improving. With
a recovery in place, consumers and industry are once again increasing their awareness and active moves toward
renewable and environmentally friendly products. This is evidenced by recent reports that industry players like
Warren Buffett and Wal-Mart are teaming up to support trends towards safer and ‘greener’ toys, a market
estimated to reach sales of $1 billion, or 5% of the total toy sales over the next five years, according to Bloomberg
news.” Concluded Mr. Scheer, “These types of developments confirm that our industry is moving forward and is set
to see rapid growth for years to come as we begin to convert a solid percentage of the estimated $2 trillion a year
plastics market to biodegradable and renewable plastics.”
As of March 18, 2010, the Company had 10,996,558 shares of Common Stock outstanding. A filing was made
with the SEC filing on Friday, April 9, 2010, in order to list the Company’s shares on the NASDAQ Capital
Market.
About Cereplast,