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Cereplast
and Sodexho Reach Supply Agreement
GAITHERSBURG, MD & HAWTHORNE, CA (12/07/05) -- Cereplast, Inc. (OTCBB:CERP), a producer of proprietary bio-based resins used as substitutes for petroleum-based plastics, announced today that it has entered into a commercial agreement with Sodexho (NYSE:SDX), North America's leading facilities and food service management provider. The agreement states that Sodexho will purchase commercial quantities of Cereplast(TM)-made packaging food service ware for its North American operations. Sodexho Supply Management Director Troy Acosta said the decision to use Cereplast(TM)-made packaging is part of an overall strategy to increase the use of eco-friendly products made from natural or recycled materials. "Sensitivity to environmental issues is an integral part of Sodexho's way of doing business. It's important to us and to our customers," said Acosta. "Cereplast(TM)-made packaging is similar in performance and price to standard food service packaging, but the fact that it is biobased, biodegradable and compostable sets it apart." "Reaching a commercial agreement with Sodexho illustrates the growing acceptance of Cereplast(TM)-made packaging," said Frederic Scheer president and CEO of Cereplast, Inc. "We are finding that more businesses are approaching their packaging needs with increased environmental awareness, which indicates that greener practices are evolving as part of everyday business." About Sodexho: Sodexho USA (www.sodexhoUSA.com) is the leading provider of food and facilities management in the United States, with $6 billion in annual revenue and 120,000+ employees. Sodexho USA offers innovative outsourcing solutions in food service, housekeeping, grounds keeping, plant operations and maintenance, asset management, and laundry services to more than 6,000 corporations, health care, long term care and retirement centers, schools, college campuses, military and remote sites in North America. Headquartered in Gaithersburg, MD, Sodexho USA proudly serves as the official food service provider for the US Marine Corps. About Cereplast: Cereplast, Inc. has developed a breakthrough technology to produce proprietary bio-based resins which are used as substitutes for petroleum-based plastics in a variety of applications, including the manufacture of food service items such as utensils, plates, cups, and straws. Made from renewable resources such as corn and potato starch, Cereplast resins are bio-based, biodegradable and compostable and have comparable or superior performance characteristics to conventional plastics, and are sold at prices that are competitive with plastics. http://www.cereplast.com Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. |
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Environmental Business |
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3450 Palmer Dr. #4-264 |
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