Cereplast, Inc. (CERP.OB) Announces Financing from European Group
Source: http://Blog.QualityStocks.net/?p=16398Posted on Monday, July 20th, 2009 | In Market Commentary, Small & Micro Cap
Cereplast, Inc. announced this morning that the company has received financing from a European group of investors led by a major bank in Sweden. The company will use the funding to implement its new strategic plan to accelerate growth as well as finance manufacturing supply agreements for the company’s major customers.
“The additional capital allows us to move forward aggressively in a very challenging economic environment,” stated Frederic Scheer, Chairman and CEO of Cereplast. “This investor group clearly understands the rapidly growing market opportunity for bio-plastics and has endorsed our business model that leverages our proprietary product development capabilities and marketing strengths.”
“The new licensing structure has the potential to help Cereplast land contracts with large packaging companies, which require large quantities of resin in a short time,” commented Rene Nicolodi, senior sustainability analyst at Zuercher Kantonalbank (Zurich Cantonal Bank), which began looking at Cereplast two years ago as a potential investment from a sustainability perspective.
“It’s quite important to note that their business plan or model until very recently was to ramp up their own production facilities for a variety of products, and that’s capital intensive, so it’s a challenging thing to achieve,” Nicolodi added. “The change in the business model to license out the production to the clients makes sense from my point of view.”
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- Lion Energy, Southern Star Energy (SSEY.OB), Gold Star Resources Fuse to Create Combined Company with Promising Growth Opportunities - November 6th, 2009
- VIASPACE, Inc. (VSPC.OB) Subsidiary Ionfinity Captivates Mass Spectrometry Market - November 6th, 2009
- Google’s Android Takes a Bite Out of Apple - November 6th, 2009
- Continucare Corp. (CNU) First Quarter Fiscal Year 2010 Results Show 116% Increase in Operating Profit - November 6th, 2009
- Muscle Flex, Inc. (MFLI.PK) Now Accepting Orders for the Beagle StepFit, the BUDDY Tablet Caddy and “Danny Alex Commercial Blue” T-Shirts - November 6th, 2009
Bank, bio-plastics, Cereplast Inc, chairman and CEO, Frederic Scheer, investor group, Market Commentary, Rene Nicolodi, senior sustainability analyst, Small & Micro Cap, Sweden, The Macro Trader, Zuercher Kantonalbank, Zurich Cantonal Bank;
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.