PEAK Peak Resorts Com (MM)

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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