PEAK Peak Resorts Com (MM)

HONG KONG, Aug. 21 /PRNewswire-FirstCall/ -- Peak International Limited (NASDAQ:PEAK), a market leader in plastics design, engineering, production and supply chain solutions, today announced it has signed an agreement with National Account Contracts, Inc. to expand Peak's presence in the medical consumables market. Already producing and selling chemical analyzer cuvettes to the medical industry, Peak is establishing a dedicated medical products division and will now leverage NAC's existing sales infrastructure and medical product expertise to accelerate sales and seek out new product and partnership opportunities. "This is a new and exciting opportunity for Peak," said Dean Personne, Peak's president and chief executive officer. "We already have the precision design, engineering and clean room production capabilities to serve the medical market's plastic needs and we believe our global reach and international economics have the potential to strengthen potential medical product partners. We expect NAC to bring us immediate domain expertise and an established medical sales capability." Many of today's largest hospitals are served by Global Procurement Organizations (GPOs) who screen and procure medical products from manufacturers once the need is defined and reviewed by Surgical Advisory Boards (SABs). Once a contract is awarded, the manufacturer and its suppliers fulfill that contract within tight tolerances for quality and delivery. NAC will focus on partnerships and sales with these manufacturers while Peak provides precision design, engineering, manufacturing and global JIT delivery. Kevin McMillen, NAC's President & CEO, states that "Peak International's unique strengths in the manufacturing of high tolerance, precision plastics make it well positioned to become a major supplier of products to the US healthcare marketplace. Peak's ability to provide product manufacturing, coupled with substantial cost benefits, will assist US medical product companies as they cope with increasing cost pressures and supply chain improvement initiatives required by US healthcare provider organizations." Mr. McMillen, and several other senior staff members, will be working directly on establishing new business for Peak. His 30 years of medical product sales experience has included working for Johnson & Johnson, building a selling a medical product sales company, and establishing hundreds of contracts to GPOs and their 1,500 hospital members. The contracts established by Kevin and his current company (NAC) have contributed hundreds of millions of dollars of sales to the US medical marketplace. 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 disk drive, semiconductor, consumer 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 semiconductor devices, precision medical products, and other electronic components. 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 some of the world's largest companies. About National Account Contracts, Inc. NAC (National Account Contracts, Inc.), a US company with 20 plus years of experience in the medical industry specializes in bringing together end users of medical products with manufacturers of equipment, products, and services. NAC has successfully represented dozens of companies over the years which have in turn provided hundreds of millions of dollars of products to the US market. The companies represented range from medium sized manufacturers to industry giants such as Johnson & Johnson, Maxxim Medical, and Waste Management of North America. 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 and NAC's ability to: 1) work together successfully to expand the number of products available to the medical market; 2) identify and establish new customers and partnerships; and 3) sell new and existing medical products in substantial quantities at cost competitive and commercially viable prices. 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, or Joe Dorame, or Robert Blum, all of Lytham Partners, LLC, +1-602-889-9700 Web site: http://www.peakinternational.com/

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