Las Vegas, NV -- (SBWIRE) -- 01/29/2013 -- Cereplast, Inc. (PINK:CERP) has recently provided shareholders update and basic plan for 2013. The company is restructuring its current operations as a part of its long term growth strategy. Over the last 6weeks, company has generated revenue as much as $500,000. Some reasons for this large Revenue are:
In December, a sanction was in the parliament in European countries for the use of plastic bags. The parliament ordered to use Bioplastic bags instead of plastic one. In result of this sanction Cereplast has received number of orders for resin.
Cereplast Inc has increased sales in United States as well after increased demand of food serving stuff. Many food chains are now inclined to serve food in these compostable material that includes cups, cutlery etc. The advances have been made by the companies for their orders.
Cereplast has also received good response from its new market in India. The company is getting good number of orders and has started to develop in Asia as well.
To find out what OTCMAGIC projects for Cereplast, Inc for both short term and long term please click here:CERP
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