PEAK Peak Resorts Com (MM)

HONG KONG, Nov. 20 /PRNewswire-FirstCall/ -- Peak International Limited (NASDAQ:PEAK) today announced that Splendid Zuo has been appointed China Country Manager effective immediately. Mr. Zuo will be responsible for Peak's China strategy, including the growth of Peak's presence in the Chinese market, driving sales and establishing strategic partnerships that allow Peak to expand on existing product lines, add new product lines, and develop additional production capabilities. Mr. Zuo has been with Peak since 1994. His career began as a qualification engineer, progressed to Engineering Manager, then Vice President Engineering. He has been the Shenzhen factory General Manager since 2005 and is a graduate of Cheng Du Science & Technology University and holds an MBA from Massey University, New Zealand. "Our factory is located in one of the world's fastest growing economies and Splendid has led the transformation of Peak's manufacturing capabilities within this environment as a leader inside and outside of the company," said Dean Personne, president and chief executive officer of Peak International Limited. "Now he will extend his influence to greater China through partnerships that we expect will provide additional fuel for our future growth." 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, 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 some of the world's largest 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 and manufacturing capabilities in China. 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: the 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 of Lytham Partners, LLC, +1-602-889-9700, for Peak International Limited Web site: http://www.peakinternational.com/

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