PEAK Peak Resorts Com (MM)

HONG KONG, July 3 /PRNewswire-FirstCall/ -- Peak International Limited (NASDAQ:PEAK), a market leader in plastics design, engineering, production and supply chain solutions, today announced that it has completed the first phase of its push to lead the semiconductor packaging industry in eco-friendly plastics. Over the last few weeks the company has announced breakthrough UltraLite(TM) plastic trays and reels specifically engineered to reduce the need for increased levels of plastic disposal and its recycling division, SemiCycle(TM), announced it has 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. "Both SemiCycle and UltraLite represent what has been an intentional move in a direction that matters to our customers and the people who purchase their products. Peak's R&D group has engineered plastics with characteristics that can affect fuel consumption by reducing weight in transit. And we continue to deliver services that help our customers keep plastic waste from entering our environment," said Dean Personne, Peak's president and chief executive officer. "Peak will continue to drive leadership in this area and do so while meeting the total cost of ownership requirements for our most demanding customers." Almost all of the major semiconductor companies have stated eco-friendly or "green" policies. Samsung, for example, has an Eco-Product program with halogen-free, RoHS-compliant products that include lead-free balls, bumps and finishes as well as green procurement policies governing RoHS compliant materials and components. Both Intel and AMD also have green policies centered on product ecology, recycling, and global climate change. "Peak is a leader in this area for all semiconductor packaging companies," said Jon Ewanich, president of Silicon-Ops. "They are intentionally engineering lighter-weight, lower-cost plastics with increased strength that can reduce churn rates in plastic usage and disposal. And their SemiCycle division further reduces the risk to the environment by collecting and recycling used plastics." With offices in Hong Kong, manufacturing facilities in Shenzhen (PRC), and distribution centers worldwide, Peak offers products used by some of the world's largest companies for high-speed, automated manufacturing processes that require dimensional stability and precision tolerances. Peak has a wide array of standard packaging products, large manufacturing capacity, tooling and design expertise, and a worldwide footprint to support even the toughest JIT requirements. About UltraLite A unique combination of tooling, process technology and materials, UltraLite was built to improve on existing packaging designs. UltraLite is delivered with lower weight, increased strength and lower overall product costs. The reduced weight can translate into reduced air and ground shipping costs throughout the supply chain. This new process also reduces material waste and recycling volumes. The designs are optimized to industry recognized JEDEC standards, thus allowing the use of a single tray design for each package type. And its increased strength ensures a longer tray life and decreased plastic disposal volumes. About SemiCycle SemiCycle is the leader in semiconductor industry recycling. The company collects most types of hard plastic semiconductor trays and processes them 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. Peak also 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 lead the semiconductor packaging industry in their eco-friendly initiatives and to significantly: 1) increase the collection of used trays and reels, 2) minimize the disposal of plastics into the environment, and 3) produce, sell and deliver reduced weight plastics products that result in savings in the total cost of ownership by our customers including shipping costs. 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, 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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