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Cereplast (NASDAQ:CERP): New CFO Heather Sheehan

January 25th, 2011 Comments off

Cereplast (NASDAQ:CERP): New CFO Heather Sheehan

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Home Page > Finance > Day Trading > Cereplast (NASDAQ:CERP): New CFO Heather Sheehan

Cereplast (NASDAQ:CERP): New CFO Heather Sheehan

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Posted: Aug 16, 2010 |Comments: 0
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Cereplast (NASDAQ: CERP) a leading manufacturer of proprietary bio-based, sustainable plastics, today announced that it has appointed Ms. Heather E. Sheehan to the position of Senior Vice President and Chief Financial Officer, effective August 16, 2010. Ms. Sheehan is a seasoned finance executive with over 20 years of financial leadership in public companies and ‘Big Four’ accounting firms.

She joined Cereplast in 2008 and has served in increasingly important roles, most recently as Senior Vice President & Chief Accounting Officer. Prior to joining Cereplast, Ms. Sheehan served as Chief Financial Officer of Exemplis Corporation and held various senior international treasury, corporate finance, and accounting roles at ConAgra Inc. (NYSE: CAG – News), International Rectifier Corp. (NYSE: IRF – News), and Trans Mountain Pipe Line Co., Ltd. Ms. Sheehan began her career in the audit practice of PriceWaterhouseCoopers in Canada and the United Kingdom. Ms. Sheehan, who holds a Bachelor of Business Administration in accounting from Simon Fraser University (Vancouver, Canada), is a Chartered Accountant (Canada) and a Certified Public Accountant.

“We are delighted to enhance our executive team with the appointment of Heather Sheehan as Chief Financial Officer,” said Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. “Based on our recent NASDAQ uplisting and the revenue growth we are anticipating over the next couple of years, I am confident that her ability to navigate the regulatory landscape and further develop our corporate financial infrastructure to support operations and communicate with the investing public will be a key to driving Cereplast’s long-term success.”

For more information visit http://www.worldmarketmedia.com/779/section.aspx/2240/post/cereplast-nasdaqcerp-new-cfo-heather-sheehan

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Cereplast (Nasdaq:CERP): Rail Access for New Facility

December 30th, 2010 Comments off

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Home Page > Finance > Currency Trading > Cereplast (Nasdaq:CERP): Rail Access for New Facility

Cereplast (Nasdaq:CERP): Rail Access for New Facility

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Posted: Aug 04, 2010 |Comments: 0
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Cereplast, Inc. (NASDAQ: CERP) a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it will soon have access to rail freight service at its recently opened facility in Seymour, Indiana.The rail spur, which is located at Seymour’s Eastside Industrial Park, will enable Cereplast to bulk ship its proprietary biodegradable plastic resins to its growing client base across the United States, and directly to U.S. port cities for shipment to clients in Asia, Europe

At a total project cost of 0,000, the rail extension was funded by the City of Seymour, the Indiana Economic Development Corporation, and the City of Lawrenceburg through its regional economic development grant program. Construction began in May 2010, under Wayman and Associates. Contractors and project engineers completed the installation of the rail spur at the end of July.

“We would like to thank Seymour Mayor Craig Luedeman, Jackson County Industrial Development Corporation and numerous State, City and County officials for getting this project approved and making it a reality,” said Frederic Scheer, Founder, Chairman and CEO of Cereplast. “We are grateful for their combined support throughout the economic downturn, which helped us to get the necessary infrastructure approved for access to the railway, making it easier for us to serve our growing client base.

In addition to helping fund the rail extension, the City of Seymour has accepted letters of compliance for tax abatement, which were offered to Cereplast to help offset associated expenses. The State of Indiana has also pledged tax credits to Cereplast totaling 0,000.

“The City of Seymour has been pleased to assist Cereplast,” said Seymour Mayor Craig Luedeman. “We pledge this support both now with the rail extension and in the future with on-going tax abatements. Cereplast is an excellent addition to our corporate family.”

For more information on this visit http://www.worldmarketmedia.com/779/section.aspx/2169/post/cereplast-nasdaqcerp-rail-access-for-new-facility

 

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CERP Appoints New CFO, Reports Second Quarter Numbers (NASDAQ:CERP)

December 12th, 2010 Comments off

CERP Appoints New CFO, Reports Second Quarter Numbers (NASDAQ:CERP)

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Home Page > Finance > Day Trading > CERP Appoints New CFO, Reports Second Quarter Numbers (NASDAQ:CERP)

CERP Appoints New CFO, Reports Second Quarter Numbers (NASDAQ:CERP)

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Cereplast Incorporated, symbol CERP announced the appointment of a new CFO, Heather Sheehan. Mrs. Sheehan has over 20 years of experience and joined Cerepast in 2008 where she was continually promoted until finally landing in her current position. Previously, Sheehan served as the CFO of Exemplis Corporation. CEO and Founder Frederic Scheer commented, “”We are delighted to enhance our executive team with the appointment of Heather Sheehan as Chief Financial Officer,” The company’s second quarter results reported lower sales for the quarter, 684,431 compared to 900,598 a year ago. Gross profit increased 157% to 199,211 and 7.5 million was raised in direct financing. Shipments for 2010 increased 400% from a year ago as well.

Today, Cereplast cited a report from the European Bioplastics Association, noting the development of a bio-based product marketing emerging in Europe in an effort to find solutions to an environment of sustainable development. Recently, Cereplast Incorporated has been uplisted to the NASDAQ exchange, these next few months will be important for CERP to remain healthy, particularly staying above the mandated .00 NASDAQ minimum. In other news, Cereplast announced earlier this month that it will have access to a new rail freight service in an industrial park located in Seymour, Indiana. The construction of this rail was funded by the city of Seymour’s Economic Development Corporation.
Using this access, the company can easily produce shipments across the United States, particularly to port cities for international shipment into Asia, Europe and South America. The use of rail shipment will also help cut costs and reduce the carbon footprint of Cereplast Incorporated. The forecast for shipment in 2010 has been established at 16 million pounds of bio plastic resin, an increase in 400% from a year ago.

Currently, CERP is trading at .24, the company dropped about a dollar in early June and has remained steady for the following months. Today’s number release could boost the company’s stock price as many are analysts are forecasting growth in the Plastics market. It is possible that reduced shipment cost and increased sales could translate into a higher pricing forecast for the remainder of the year.

For more information visit  http://www.worldmarketmedia.com/779/section.aspx/2257/post/cerp-appoints-new-cfo-reports-second-quarter-numbers-nasdaqcerp

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Dec 10, 2010

Another Friday

This weekend many economists and investors are expecting China to raise interest rates to cool off their sizzling economy. The Chinese have already increased bank reserve requirements six times this year in hopes to cool inflation and excessive speculation in housing. These actions by the Chinese central bank have caused the iShares FTSE/Xinhua China 25 Index(NYSE:FXI) to remain at the low range of the daily chart.

By:
Nicholas Santiagol

Finance>
Day Tradingl
Dec 10, 2010

5 Things To Know Before Trading

Stocks were mixed in Asian trade. The Nikkei, Australia and Hang Seng were all fractionally higher while Shanghai fell a quarter percent. European indexes are generally higher on the session with the Footsie higher by more than one percent and the Dax currently up by about three quarters of a percent. US stock futures are up more than a half percent.

By:
Ronald Russol

Finance>
Day Tradingl
Nov 02, 2010

Fed Policy: The Path to QE2

The post meeting statement from the August FOMC meeting notified the market that the Fed would be “reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities.”

By:
Ronald Russol

Finance>
Day Tradingl
Nov 02, 2010

Taxmaster (OTCBB: TAXS): Warrior Slayer of Tax Problems

I know you’ve seen this commercial…he has cherub red cheeks, hair, beard and moustache and looks like the Grizzly Adams, Warrior Slayer of IRS tax problems. TaxMasters Inc (OTCBB: TAXS) . God Bless you Patrick!!

By:
Ronald Russol

Finance>
Day Tradingl
Nov 02, 2010

China Chuangji Cement (OTCBB: CSGJ) Finishes New Facility +16%

China Shuangji Cement has announced today they have completed the installation of their new Zhaoyuan City cement production facility in China, the world’s fastest growing industrial country.

By:
Ronald Russol

Finance>
Day Tradingl
Nov 02, 2010

Just How Versatile Is GPS?

Just how many different ways is GPS tracking technology used these days and will this technology soon become ubiquitous?

By:
Ronald Russol

Finance>
Day Tradingl
Nov 02, 2010

Are Prop 19 Polls Telling the Whole Story?

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By:
Ronald Russol

>
Brandingl
Nov 02, 2010

What’s Next for ‘The Next Generation of Plastic’?

Plant-based packaging, designed to serve the same function as traditional plastics is being celebrated as a means of substituting petroleum as the central ingredient in creating plastic. Since their debut at the U.N. Copenhagen Climate Conference in 2009, an excess of 2.5 billion of these plant infused bottles have been and continue to be circulated world-wide.

By:
Ronald Russol

Finance>
Day Tradingl
Nov 01, 2010

Proposition 19 Makes Closing Argument

Former Clinton/Gore spokesman Chris Lehane and California Democratic strategist Dan Newman, the advisors of Proposition 19, circulated a memo yesterday evening, presenting their closing arguments for the bill they have helped lead to the ballot.

By:
Ronald Russol

Finance>
Day Tradingl
Nov 01, 2010

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