SOURCE: Cereplast, Inc.

Cereplast, Inc.

April 20, 2010 09:30 ET

Harbinger Research Initiates Coverage on Cereplast, Inc. With Strong Speculative Buy Rating

EL SEGUNDO, CA--(Marketwire - April 20, 2010) - Cereplast, Inc. (NASDAQ: CERP) ("Cereplast," or the "Company"), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that Harbinger Research, LLC, an independent equity research firm, will provide research coverage on the Company.

"We believe that this is the best time to help the investment community truly understand the tremendous growth that lies ahead for our Company and the bioplastics industry as we enter into a period of rapid growth driven by substantial demand for our products," said Mr. Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. "Traditional plastics represent a very large industry, and we believe that bio-based sustainable plastics such as ours are poised to capture a significant percentage of the industry within the next 30 years."

Brian R. Connell, CFA, a Harbinger Research Senior Analyst, stated that "We are excited to initiate coverage on Cereplast, Inc., which we believe is undervalued relative to its peers. The global bioplastics industry is poised for significant growth, and we see Cereplast as a clear beneficiary."

To view Harbinger Research's coverage initiation on Cereplast, Inc., rated by Brian R. Connell, CFA, please click on the following link:
http://www.harbingerresearch.com/link/13/251/CERP

About Cereplast, Inc.

Cereplast, Inc. (NASDAQ: CERP) 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

About Harbinger Research, LLC

Harbinger Research is an independent equity research that employs a research team consisting entirely of CFA charter holders and follows a number of companies across a wide variety of industries. Harbinger Research makes all of its reports available through its website at www.harbingerresearch.com, and also distributes content through a variety of partners, including InvestorsInsight Publishing, and through most major financial portals.

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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