EL SEGUNDO, Calif., April 17, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced preliminary revenue for the first quarter ended March 31, 2013. Cereplast expects to report 2013 first quarter revenue of approximately $900,000 to $1 million, exceeding total revenue for the entire 2012 fiscal year.
According to management, approximately 65% of this revenue was generated in Italy due to the demand created by the recently published Application Decree, which requires merchants to discontinue the use of traditional single-use plastic bags in favor of bioplastic bags or other alternatives. Sanctions for non-compliance will be enforced beginning the end of May 2013 and management estimates that as a result, the Company will experience an increase in demand for its Cereplast Compostables(R) blown film resins during the second half of 2013 as merchants are forced to transition to bioplastic alternatives.
MY OPINION ONLY BELOW
Now Think About This, Cerp has been around a few years and now the Opportunity has arrived
This is just the Beginning IMO. What if and when other Country's follow along with this same Legislation.
Always Do As You Feel,
Not What You Hear.
( I Do )