Hong Yuan Holding Group (HGYN): News: Cereplast Expects to Ship 16 Milli...

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Tuesday, 06/08/2010 10:24:35 AM

Tuesday, June 08, 2010 10:24:35 AM

News: Cereplast Expects to Ship 16 Million Pounds of Bioplastics in 2010

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100608006131&newsLang=en

...and based on the CEO's statement here:
http://ceocfointerviews.com/interviews/CERP-Cereplast.htm

where he says "The price of our bioplastic resin vary between .85 cents to.$1.3 per pound", that's anywhere from $13m to $21m in revenue. Already a big step up from 2010 guidance given last month!

Go CERP!!!!

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