This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cereplast Opens Corporate Office In India To Support South Asian Bioplastic Market Growth Initiative

EL SEGUNDO, Calif., Aug. 28, 2012 (GLOBE NEWSWIRE) -- Cereplast, Inc. (Nasdaq:CERP), a leading manufacturer of proprietary biobased, sustainable bioplastics, announced today that it has opened a corporate office in Hyderabad, capital of the Indian state Andhra Pradesh, to service its partners in South Asia.

The new office will provide a direct pipeline between its South Asian partners and Cereplast's US headquarters to streamline communication between all parties. The suite of services offered will include technical support, marketing support and business development. The office is located within the offices of A.R.M.Y Marketing Services Ltd., Cereplast's partner in India, at Flat No: 301, House No: 3-6-322 Mahaveer House, Basheerbagh Hyderabad - 500029, Andhra Pradesh, India. Of India's 28 states, Andhra Pradesh is the fourth largest state by area, and the fifth largest by population.

Frederic Scheer, Chairman and CEO of Cereplast, stated, "We are excited by the growth opportunities in South Asia, and are committed to supporting our expansion in the region, particularly in India, with the opening of our corporate office. We are pleased to be in close proximity to our partner A.R.M.Y. who has extensive experience and built credibility in the marketplace. Working closely with A.R.M.Y., who has an extensive marketing network, will provide us the ideal platform to grow in the region."

Mr. Scheer continued, "India is the second most populated country in the world with over 1.2 billion people. According to the National Geographic Greendex 2012 report, Indian consumers rank the highest overall as the most 'green' in the world with 63% describing themselves as green; 33% are willing to pay more for eco-friendly products, 49% avoid environmentally unfriendly products and 50% buy eco-friendly products. This is a market with a rapidly growing demand for bioplastic alternatives to conventional plastics, and we are poised to take advantage of this opportunity."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,950.65 +31.06 0.18%
S&P 500 1,983.64 +2.04 0.10%
NASDAQ 4,528.2010 +0.6870 0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs