Cereplast, Inc. announced revenue results for the first six months of fiscal 2013. The company announced compared to 2012, revenue for the first six months of 2013 experienced major growth, with the expected number to top approximately $1.7 million compared to about $0.2 million in 2012, reflecting a nearly 800% increase. This growth was fueled by the passing of Italian legislation that will require merchants to replace traditional single-use plastic bags with bioplastic and other alternatives.

The company provided revenue guidance for the fiscal year 2013. The company announced it is optimistic for the remainder of the year. Growth is expected to continue and increase and it believes that growth projections will contribute to a stronger share price. The company announced the working to exceed its shareholders' revenue expectations.