Peak International Limited Appoints Jerry Herrera Vice President of Quality and Engineering
November 07 2007 - 7:30AM
PR Newswire (US)
HONG KONG, Nov. 7 /PRNewswire-FirstCall/ -- Peak International
Limited (NASDAQ:PEAK) today announced that Jerry Herrera has been
appointed Vice President of Quality & Engineering effective
November 1, 2007. Mr. Herrera will be responsible for managing all
aspects of the company's operations in product development and
engineering and quality control of all manufacturing operations.
Mr. Herrera brings over 25 years of experience in many aspects of
operations, manufacturing and engineering. He most recently served
as Senior VP of Operations for ASAT where he directed a strategic
move of all operations to China. He also held executive posts at
ASAT including Production Director, VP of Operations, VP of
Manufacturing Engineering and VP, Assistant General Manager. He
received a BS in Electronics and Communications Engineering from
the University of Santo Tomas in the Philippines and holds numerous
certificates for post graduate work in Quality, Manufacturing and
Business programs. Dean Personne, president and chief executive
officer of Peak International Limited, said, "Over the past 25
years Jerry has established a long track record of success as a
manufacturing professional in Asia with the ability to build
focused problem-solving teams. Fluent in four languages, we look to
Jerry to take our already efficient manufacturing processes to the
next level. He will be a great addition to the Peak team as we
continue to diversify the markets that we serve." 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,
disk drive, wafer fab, electronic, medical, and other industries.
There are approximately 1,400 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. 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 electronic, medical 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, currency
fluctuations, 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 for the year ended March 31, 2007, 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, Joe Dorame, or Robert Blum, all of
Lytham Partners, LLC, +1-602-889-9700, for Peak International
Limited
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