Mr. Scheer continued, "At a time of difficulty for the European economy it is important for our Company to continue to build a global company and to continue reaching out to new emerging markets where the potential is quite significant. With this financing we will be able to rebuild shareholder value for our Company."

About Cereplast, Inc.

Cereplast, Inc. (Nasdaq: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® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® 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.

The Cereplast, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9567
CONTACT: Cereplast, Inc.         Public Relations         Nicole Cardi         (310) 615-1900 x154         ncardi@cereplast.com                  Investor Relations:         Alliance Advisors, LLC         Alan Sheinwald         914-669-0222         asheinwald@allianceadvisors.net

Cereplast, Inc. Logo

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