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Article: Cereplast, Inc. Provides a Business Review for Q2 and Q3.
- Article from:
- Business Wire
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Streamlines Operations to Strategically Position for Growth
HAWTHORNE, Calif. -- Cereplast, Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, is providing the following business development update for Q2 and Q3 2009.
"We experienced a period of rapid growth after our public listing, which was unfortunately followed by one of the steepest macro-economic downturns in U.S. history," commented Mr. Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. "We are more optimistic than ever about the future of bio-plastics and Cereplast's role in that future. However, we felt that it was prudent to 'trim the ...