Penny Stocks On The Move: (OTCQB: ECAU), (OTCQB: CERP)
New York (February 6th, 2013) - Echo Automotive Inc. (OTCQB: ECAU) announced that Company executives met with Greg Ballard, Mayor of the City of Indianapolis, last week and he took a personal test drive of an EchoDrive™ equipped Ford E-250 hybrid demonstration vehicle.
Ballard, Mayor of the country's 11th-largest city, signed an executive order in December requiring the city to replace its nearly 500 non-police vehicle fleet with electric or plug-in hybrid vehicles. New vehicles will be purchased as older vehicles are retired, and the City plans to completely transition its current 3,100-vehicle fleet to post-oil alternatives by 2025.
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids.
Cereplast, Inc. (OTCQB: CERP) generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013.
"The Italian market for bioplastic blown film is once again gaining momentum," stated Cereplast Chairman and CEO, Mr. Frederic Scheer.
Cereplast, Inc. (CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics.
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