Industry News | December 23, 2008

Chipotle Clears the Air about Cereplast

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Chipotle Mexican Grill (NYSE: CMG - News) (NYSE: CMG.B - News) today clarified the nature of its relationship with Cereplast, Inc. (OTCBB: CERP - News), a Hawthorne, California, 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, California, 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.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.