Cereplast Inc.'s Preparations for Senior Exchange Listing, New Alga-to-Plastic Technology Prompt Updated Beacon Equity Rating
Symbol Price Change
CERP.OB 0.1450 0.0000
Press Release Source: Cereplast Inc. On Thursday January 21, 2010, 9:28 am EST
DALLAS--(BUSINESS WIRE)--Cereplast Inc. (OTCBB: CERP - News) receives reiterated Speculative Buy from Beacon Analyst, Victor Sula, Ph.D.
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CERP expects an upgrade to a senior stock exchange before the end of the quarter, as noted in a recent interview with Reuters.
In the Beacon Equity report, the analyst writes, “Since our last update, CERP’s share price has increased 37% from $0.08 in October 2009 to $0.11 in January 2010. We think there are several major reasons for share price appreciation: the new Algae to plastic development announced by the Company in October, new funding to support this program, the announcement of preparations to list CERP shares on a senior exchange (NASDAQ or NYSE-AMEX), higher oil prices, which make bioplastics more cost-competitive, and finally CERP’s restructuring, which has slowed the Company’s cash burn and refocused its resources on product design and development.
“In addition, the development of algae-based resins represents an outstanding growth opportunity for the Company and could further reduce the cost of bioplastics as well as the industry’s reliance on fossil fuel. CERP is talking with chemical conversion companies about partnering with it to convert algae biomass into viable monomers for further conversion into biopolymers. This step could open the door for a major switch from traditional plastics to bioplastic. The cost structure is appealing, CERP is a clear leader in this field and such a breakthrough could position the Company far ahead of its competitors.”
Other companies in the basic materials sector include: Praxair Inc. (NYSE: PX - News), Albemarle Corp. (NYSE: ALB - News), Chemical & Mining Co. of Chile Inc. (NYSE: SQM - News) and International Flavors & Fragrances Inc. (NYSE: IFF - News).
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The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities BeaconEquity is a Web site wholly owned by BlueWave Advisors, which has been compensated one million five hundred restricted rule 144 shares from CERP, in addition to previous compensation of five thousand dollars from CERP for this e-mail distribution and fifteen-thousand dollars by a non-controlling third party for previous work done in respect to CERP as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures. CRD # 2207572.
Contact:
BeaconEquity.comJeff Bishop, 469-252-3505press@beaconequity.comwww.BeaconEquity.comorCereplast Inc.IRTH Communications LLCAndrew W. Haag, 866-976-4784Andrew@irthcommunications.com |
