Cereplast Inc (OTCMKTS:CERP) - Future strategies and Financial results of Q213.

Denver, CO, 08/15/2013 (Avauncer.com) –  Cereplast Inc (OTCMKTS:CERP) is a leading manufacturer in developing and commercializing bio-based resins and sustainable bioplastics. The company is primarily conducting its operations through two product families like Cereplast Compostables resins, Cereplast Sustainables (it includes Cereplast Hybrid Resins product line), with the help of this, company is able to replace 90% of the petroleum based content of traditional plastics with the help of materials from renewable resources.In all major converting processes like thermoforming, blow molding and injection molding this plastic is used as substitute for traditional plastics.

CERP’S portfolio consists of more than 20 patents and its applications in the USA and worldwide. And now the company is focusing on further development of its business in Europe, North America and Asia.

CERP believes that within next 25 years the bioplastics market will represent 30% of the overall plastics industry to find alternative feedstock to replace limited cost increasing resources. In 2012, the total market for conventional plastic was $1 trillion. CERP’s goal is to capture almost around $300 million of the marketplace by 2020, although there is a possibility that significant portion of the market will be captured by the large companies who are pioneer in the bioplastics space with a strong property portfolio.

After the announcement of the conference call and the upcoming financial results of the Q2 the stock of CERP gained a total of 92% in last couple of days.

The company announced its financial results of the Q213 on August 14, 2013. It announced net revenue of $1.7 million as compared to $0.31 million for Q212. CERP’s Chairman and Chief Executive Officer, Mr. Frederic Scheer, stated that “we are pleased with the growth in the revenue we have gained so far in 2013 as compared to 2012’. Other operational highlights of the results include, successful completion of its relocation of corporate headquarters from California to Indiana and European headquarter from Germany to Italy, and also the company received multiple purchase orders of approximately $2,00,000. It also received and dispatched orders from new and existing customers in India.