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Pre-Market Trading Commentary on High Volume Penny Stocks: (Pink:OSGIQ), (OTC:CERP)


New York, NY -- (ReleaseWire) -- 04/19/2013 --Overseas Shipholding Group Inc. (OTC Pink: OSGIQ) traded at $ 3.65 in the last session, which is -0.60 (-14.12%). The stock has a Range of 3.23 - 4.25. The stock has a 52 week low and high of 0.42 - 12.07 respectively. The stock has a Market Cap of 112.82M. The stock traded a volume of 779,149.00. The stock has a 30 day average volume of 471,664.00.

Overseas Shipholding Group, Inc. (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. As of December 31, 2011, the Company owned or operated a fleet of 111 double-hulled vessels (aggregating 10.9 million deadweight tons and 864,800 cubic meters) of which 89 vessels operated in the international market and 22 operated in the United States Flag market.

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Cereplast, Inc. (OTC:CERP) 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(R) blown film resins during the second half of 2013 as merchants are forced to transition to bioplastic alternatives.

Find out more on CERP here:

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