Cereplast Recruits Sales and Marketing Veteran
David Homyak brings 30 years of plastics industry experience and a multi-billion dollar track record of growth with top multi-national firms, including GE, Allied Signal and PolyOne
Companies:Cereplast Inc. Related Quotes
Symbol Price Change
CERP.OB 0.14 0.00
Press Release Source: Cereplast, Inc. On Wednesday January 20, 2010, 6:00 am EST
HAWTHORNE, Calif.--(BUSINESS WIRE)--Cereplast, Inc. (OTCBB:CERP - News), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it has appointed David J. Homyak as West Coast Regional Director, Sales and Marketing.
Mr. Homyak has been an executive level sales professional for over 30 years. Among his numerous successes in the highly competitive plastics industry include leading 210% business growth over a four-year period while serving as Western Business Region General Manager for General Electric Plastics; the development of 20 million pounds of product growth in new market opportunities in his role as Western Regional Sales Manager for PolyOne; and his efforts to put Spectra Color on a course to exceed its sales goals by $50 million by the year 2012.
“We are extremely pleased to welcome David to the Cereplast team,” said Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. “His experience in the plastics industry is substantial. David is a highly accomplished sales and marketing executive with an extraordinary track record of driving sales and developing and marketing innovative new products that result in impressive revenue gains. His appointment as West Coast Regional Director comes at a strategically optimal time for our Company.”
Mr. Homyak commented, “Frederic is a pioneer in the bio-plastics business and is bringing together a world class team to market the compelling portfolio of products here at Cereplast. Add to that the enormous potential presented by the forecasted growth of bioplastics in the marketplace, and this is a great opportunity. I am certain that my experience and contacts in the industry will be of benefit to the company as we enter the next phase of growth.” He added, "and with their move to the new state-of-the-art facility in Indiana and plans to up-list their shares to a senior exchange, it is clear to me that 2010 is just the beginning of great things for Cereplast."
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP - News) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables Resins® are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins® combine high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at 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.
Contact:
Cereplast Media Contact:BeckermanLaura Finlayson, 201-465-8007lfinlayson@beckermanpr.comorCereplast Investor Relations Contact:IRTH Communications, LLCAndrew W. Haag, 866-976-IRTH (4784)Andrew@irthcommunications.com |
