HAWTHORNE, Calif., January 23, 2008 - Cereplast, Inc. (OTCBB: CERP), manufacturer of proprietary bio-based, sustainable plastics, today announced that Brian Altounian has resigned from his position as a member of the Board of Directors and Chairman of the Audit Committee, effective immediately.  Mr. Altounian informed the Board that his resignation would allow him to better pursue other business endeavors, at Platinum Studios where he serves as the president and COO. He expressed his confidence in the continued success of Cereplast.

“We want to than Brian for his valuable contribution to the board during the past two years,” said Frederic Scheer, CEO and president of Cereplast. “We wish him well in his future undertakings at Platinum Studios."

Cereplast’s Board will now be comprised of three members, Frederic Scheer, Chairman and CEO of Cereplast and two independent Directors, Jacques Vincent, vice chairman and advisor to the chairman of Groupe Danone, and Petros Kitsos, managing principal of TBL Strategy. 

About Cereplast, Inc.

Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes – such as injection molding, thermoforming, blow molding and extrusions – at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables™ resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins™ products combine the high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging.  Learn more at www.cereplast.com.