Chipotle Clarifies Relationship with Cereplast, Inc.
22 Diciembre 2008 - 3:35PM
Business Wire
Chipotle Mexican Grill (NYSE: CMG) (NYSE: CMG.B) today clarified
the nature of its relationship with Cereplast, Inc. (OTCBB: CERP),
a Hawthorne, Calif. company that manufactures proprietary
bio-based, sustainable plastics. Currently, through a supplier,
Chipotle purchases plastic cutlery made using Cereplast
Compostables� resin for its one restaurant in Millbrae, Calif. to
comply with a local ordinance. In a Dec. 15 press release, which
was not reviewed or approved by Chipotle, Cereplast misstated the
nature of the relationship, stating that �A system-wide rollout of
up to 800 Chipotle locations is expected in the near future.�
Chipotle currently has no plans to expand its relationship with
Cereplast. About Chipotle Chipotle Mexican Grill offers a focused
menu of burritos, tacos, burrito bowls (a burrito without the
tortilla) and salads made from fresh, high-quality raw ingredients,
prepared using classic cooking methods and served in a distinctive
atmosphere. Through our vision of Food with Integrity, Chipotle is
seeking better food not only from using fresh ingredients, but
ingredients that are sustainably grown and naturally raised with
respect for the animals, the land, and the farmers who produce the
food. Chipotle opened its first restaurant in 1993 and currently
operates more than 800 restaurants. For more information, visit
www.chipotle.com.
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