New York, NY -- (ReleaseWire) -- 01/29/2013 --Cereplast, Inc. (OTCQB: CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, provided a shareholder update and an outlook for 2013.
Cereplast has created additional liquidity through the generation of approximately $500,000 in revenue over the last six weeks while continuing to focus on restructuring its operations to further position the Company for growth throughout 2013. To provide the Company with the required working capital to continue operations, approximately $1 million in short term convertible debt and equity financing was completed.
Cereplast, Inc. designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics.
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USA Graphite, Inc. (OTCQB: USGT) announced it has signed a letter of intent to acquire the Ruby Mountains Graphite Property.
The Ruby Mountains Graphite Property has been identified by the Company as a high priority area for flake graphite. The claim block covers a large graphitic marble unit with flake graphite visible at surface.
Mr. Wayne Y. Yamamoto, President and CEO of USA Graphite, said, "We are very excited to include the Ruby Mountains Graphite Project amongst our core group of world class Nevada graphite properties. The quality of rock visible on-site exceeded our expectations and the proximity to our other core projects is complementary and economic."
Find out where USGT could be headed in the upcoming trading sessions by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=USGT
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