Cereplast (NASDAQ:CERP): New Deal is Nice Bump in Qtrly Rev

Cereplast (NASDAQ:CERP) a leading manufacturer of proprietary bio-based, compostable and sustainable plastics, announced today that it has entered into a multi-million dollar contract with RI.ME. Masterbatch S.r.l., (“RI.ME.”) based in Mozzate (CO), Italy, to supply bioplastic resins for use in its masterbatch process for adding colorant to bulk, uncolored resins. The new agreement supports RI.ME.’s commitment to offering its customers sustainable, environmental solutions in the design and production of masterbatches.

4 Things To Know from World Market Media

Stocks sold off across the majority of Asia. Shanghai set a new low for the move with a decline of 1.9% and the Hang Seng, Nikkei and Australia all lost more than one percent on the session. Europe is also getting hit with many indexes down two percent or more; currently the Footsie is down 1.7% and the Dax is off slightly more than one percent. US stock futures are down about one percent this morning as I write.