The full announcement that was released before the market open, can be read as follows:
"Cereplast Reports Preliminary First Quarter 2013 Revenue Results: Exceeds Revenue for Entire 2012 Fiscal Year
Cereplast, Inc. (OTCQBNULL) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced preliminary revenue for the first quarter ended March 31, 2013. Cereplast expects to report 2013 first quarter revenue of approximately $900,000 to $1 million, exceeding total revenue for the entire 2012 fiscal year.According to management, approximately 65% of this revenue was generated in Italy due to the demand created by the recently published Application Decree, which requires merchants to discontinue the use of traditional single-use plastic bags in favor of bioplastic bags or other alternatives. Sanctions for non-compliance will be enforced beginning the end of May 2013 and management estimates that as a result, the Company will experience an increase in demand for its Cereplast Compostables® blown film resins during the second half of 2013 as merchants are forced to transition to bioplastic alternatives.
Based on certain provisions, including current competition, current production capacity, a full production staff and sufficient working capital, management estimates that the Company's total addressable opportunity for Italy alone exceeds $50 million annually out of a total addressable market for compostable blown film grades in the country that exceeds $500 million per year.
Cereplast Chairman and CEO Mr. Frederic Scheer commented, "We are pleased with our encouraging preliminary revenue results during the first quarter of 2013 and are optimistic for the remainder of 2013. In Italy alone, we conservatively estimate our market opportunity to be approximately $50 million. Additionally, we expect other European nations to enact similar mandates which will exponentially increase our opportunity in Europe. We are excited about these favorable trends and will provide future updates as significant events occur."
This news announcement is a powerful one for any company, especially for one trading within the realm of the penny stock exchange. As the cash flow for CERP continues to increase, it is more than likely that we will continue to see further updates from the company, showing that they have the cash on hand to complete more projects as time goes on. We highly suggest that all subscribers and followers keep a very close eye on what is to come from this impressive penny stock play as they move forward with their business plan.
We here at Penny Stock Dream aim to bring the best penny stock information to our subscribers, in hopes that they will be able to use that information in conjunction with their own due diligence to make the best investment decisions possible and to see the best penny stock gains. CERP (Cereplast, Inc.) is continuing to prove itself to be incredible penny stock pick and a big winner for our subscribers. Remember that subscription to our newsletter alerts on penny stock investment opportunities, are absolutely free! If you wish to subscribe to our alert system, you can do so at www.pennystockdream.com.
While our general penny stock newsletter subscription services are absolutely free, many highly successful traders have opted to sign up to our elevated Platinum Membership services, for the purpose of receiving various special alerts in advance of free members. This has given them a significant advantage in their ability to digest key information before many others are able to. Those wishing to sign up to our special Platinum Membership package, can do so at www.pennystockdream.com/platinum.
Pennystockdream.com and its employees are not registered as Investment Advisers in any jurisdiction whatsoever. We encourage all of those that are interested in trading penny stocks, or any other form of investment, to conduct their own research to garner a better understanding of what they are getting involved in. Be sure to read the full pennystockdream.com disclaimer at: http://pennystockdream.com/disclaimer.