PEAK Peak Resorts Com (MM)

HONG KONG, June 12 /PRNewswire-FirstCall/ -- Peak International Limited (NASDAQ:PEAK), a market leader in plastics design, engineering, production and supply chain solutions, today announced that its plastics recycling division, SemiCycle (TM), had recycled over 100 million plastic trays since its inception. The company also announced that SemiCycle would significantly increase its activity in assisting all semiconductor companies in their plastics recycling efforts. "SemiCycle was founded 15 years ago to help semiconductor companies recycle their plastic waste," said Dean Personne, Peak's president and chief executive officer. "Each of these companies has an eco-friendly policy for many aspects of their business and we are doing everything possible to support them and to preserve our environment. We are committed to helping them recycle their trays and reels regardless of the original manufacturer." To participate, a semiconductor company simply arranges for SemiCycle to collect its used trays. Once at SemiCycle's facilities, the trays are carefully inspected and those with no visible defects are cleaned and given an anti-static coating, if appropriate. These recycled trays are then packed and stored at the warehousing facilities as inventories pending sales to customers. Recycled trays that do not meet industry quality requirements, or for which there is insufficient demand, are recycled for other uses. "This is true win-win," Dean Personne further noted. "We work with our clients to preserve the environment from unnecessary waste and SemiCycle's semiconductor clients have an almost hands-free disposal process that supports their green initiatives." Founded in 1992, SemiCycle was established to ensure that re-useable valuable plastic packaging material did not get destroyed or end up in landfills. To date the company has collected and processed over 15,000 tons of plastic resin which did not get buried or incinerated and released into the environment. About SemiCycle SemiCycle is the leader in semiconductor industry recycling. The company collects most types of hard plastic semiconductor trays and processes them in a plant in Shenzhen, the PRC. Founded in 1992, the company has processed over 100 million trays and saved over 15,000 tons of plastic material from entering the environment. About Peak International Limited Peak International Limited is a leading supplier of precision-engineered packaging products for storage, transportation and automated handling of semiconductor devices and other electronic components as well as precision medical products. There are approximately 1,600 people who are working for Peak directly worldwide or indirectly in its factory in Shenzhen, the PRC, which is operated pursuant to a processing agreement with an unaffiliated party. Peak operates warehouses throughout the world and offers JIT services to leading semiconductor manufacturers and assemblers. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements related to the Company's ability to assist all semiconductor companies in their recycling efforts and to significantly increase: 1) the collection of used trays and reels, and 2) the processing, refurbishment and sales of recycled semiconductor trays. These and other forward-looking statements are not guarantees of future results and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include but are not limited to: price of raw materials, factors relating to conditions in semiconductor, disk drive and electronic industries, the amounts the Company may have to pay for workers at the PRC factory operated by a third party, difficulties related to working in the PRC, including regional government and processing partner relations, the market acceptance of its products, the introduction of new products by the Company's competitors, any future economic downturn, and other matters that could cause actual results to differ materially from the projections made herein. Additional risks are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Quarterly Reports on Form 10-Q and Annual Report on Form 10-K filed on June 29, 2006. Statements included in this press release are based on information known to the Company as of the date of this release, and the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statement in this release. Contacts: John Supan Chief Financial Officer Peak International Limited, Hong Kong +852-3193-6000 Lytham Partners, LLC Joe Diaz Joe Dorame Robert Blum (602) 889-9700 DATASOURCE: Peak International Limited CONTACT: John Supan, Chief Financial Officer of Peak International Limited, Hong Kong, +852-3193-6000; Joe Diaz, Joe Dorame, Robert Blum, all of Lytham Partners, LLC, for Peak International Limited, +1-602-889-9700 Web site: http://www.lythampartners.com/

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