PEAK Peak Resorts Com (MM)

HONG KONG, Nov. 6 /PRNewswire-FirstCall/ -- Peak International Limited (NASDAQ:PEAK), a market leader in plastics design, engineering, production and supply chain solutions, today announced it has delivered its first UltraCare(TM) wafer carrier product, the 300 mm wafer shipper. The company expects several more wafer shipper products will be introduced throughout 2008 under the UltraCare(TM) brand. "The delivery of this order represents an important step in our strategic plan to more broadly diversify our product offerings, as well as the number of industries that we serve," said Dean Personne, Peak's president and chief executive officer. "We believe our entry into the wafer shipper market holds great promise for future growth, and each of our industry product groups continue to make great strides as we build a reputation as the preferred choice in precision engineered plastics. We're receiving positive feedback from the market, and we're excited that these efforts are now coming to fruition." Peak International contracted with Global Precision, Inc. nearly a year ago to design, market, and sell products specifically engineered for the wafer fab market. The 300 mm wafer shipper is now available for volume distribution with several other products nearing design and development completion. To prepare for these volume shipments, Peak recently completed its second cleanroom manufacturing facility to meet the requirements of producing disk drive, wafer processing and medical engineered plastics. The company has started on a third cleanroom manufacturing area conversion to meet expected future demand. Peak's entry into the wafer shipper market and its investment in building industry leading cleanroom operations are the result of the company's commitment to broadly diversify its products and customer base. Interest from the semiconductor industry continues to build upon the recent introduction of UltraLite(TM) designs. Members of the disk drive organization are solidifying existing relationships and showcasing the company's leading cleanroom operations. Peak's new medical industry initiative is receiving early interest from leading medical product companies and companies from the automotive, energy and consumer electronics industries have also been showing increased interest for Peak's precision engineered plastic solutions. Peak recently attained ISO/TS 16949 certification required for shipments into the automotive industry. With offices in Hong Kong, manufacturing facilities in Shenzhen, the PRC, and distribution centers worldwide, Peak offers products and manufacturing capabilities already used by some of the world's largest companies for high- speed, automated manufacturing processes that require dimensional stability and precision tolerances. Peak has substantial manufacturing capacity, tooling and design expertise and a worldwide footprint to support even the toughest JIT requirements. The company currently offers semiconductor, disk drive, wafer fab, consumer electronic, and medical products to some of the world's largest companies. About Peak International Limited Peak International Limited (http://www.peakinternational.com/) is a leading supplier of precision-engineered packaging products for storage, transportation and automated handling of disk drive components, semiconductor devices, wafer fab products as well as precision medical products. There are approximately 1,400 people who work directly or indirectly for Peak worldwide and its headquarters are in Hong Kong with major manufacturing operations in Shenzhen, the PRC, which is operated pursuant to a processing partner agreement with an unaffiliated party. Peak operates warehouses throughout the world and offers JIT services to some of the world's largest disk drive and other companies. 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: increase revenues through diversification into other industries, develop substantial new revenues from wafer products including products that have not yet been developed, maintain and enhance our reputation as a preferred vendor, and successfully market and generate revenues from UltraLite(TM) products. 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, wafer fab, electronics and other 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, 2007. 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 Lytham Partners, LLC Chief Financial Officer Joe Diaz Peak International Limited, Hong Kong Joe Dorame +852-3193-6000 Robert Blum (602) 889-9700 DATASOURCE: Peak International Limited CONTACT: John Supan, Chief Financial Officer of Peak International Limited, Hong Kong, +852-3193-6000; or Joe Diaz, or Joe Dorame, or Robert Blum, all of Lytham Partners, LLC, +1-602-889-9700, for Peak International Limited Web site: http://www.peakinternational.com/

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