Cereplast Begins Trading on NASDAQ

Cereplast, Inc. (OTCBB: CERP), a manufacturer of bio-based plastics, announced that shares of its common stock will begin trading on the NASDAQ Capital Market, at the start of trading taday (April 13, 2010).

Frederic Scheer, Founder, Chairman and CEO of Cereplast said the move to NASDAQ is a significant milestone for the company and an indication of the growing market for bio-based plastics.

“These types of developments confirm that our industry is moving forward and is set to see rapid growth for years to come as we begin to convert a solid percentage of the estimated $2 trillion a year plastics market to biodegradable and renewable plastics,” he said.

“The up-listing of our shares requires additional corporate responsibilities and requirements. The net effects should be increased liquidity and a higher profile in both the investment and corporate communities alike,” he added.

In January 2010, Scheer spoke with SB.com editor Bart King on the Green Week in Review podcast about the company’s two different product families and the industry as a whole.

As of March 18, 2010, the Company had 10,996,558 shares of Common Stock outstanding. A filing was made with the SEC filing on Friday, April 9, 2010, in order to list the Company’s shares on the NASDAQ Capital Market.