BeaconEquity.com announces the publication of an article covering Cereplast’s financial results for 2008, doubling 2007 sales, and its optimism for growth in 2009.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Cereplast Inc (OTCBB: CERP), maker of bio-based sustainable plastic products, recently announced its fiscal financial results ended December 31, 2008. … The Hawthorne, Calif.-based company reported sales of $4.6 million, almost doubling last year’s gross sales of $2.3 million. The company states the higher sales volume was attributed to its bioplastic resin orders from existing customers and new business derived from its customers launching applications using the resins.”
Cereplast’s CEO is excited about the outlook for growth in 2009:
“’The nearly 100% growth in 2008 sales versus 2007 was very encouraging. But I am more excited by our outlook for 2009,’ commented Frederic Scheer, chairman and CEO of Cereplast. ‘Despite the challenges of the current business environment, we are confident that our revenues for this year can exceed $10 million - based upon new contracts and the imminent launch of several new products into new markets.’”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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