HAINAN, China, March 24 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (NASDAQ:BEST), an emerging global leader in the anti- counterfeiting and advanced packaging industry, today announced contracts to supply approximately $3.5 million worth of coated films to several Australian and New Zealand-based consumer goods customers. These contract wins further solidify Shiner's growing international presence in next-generation packaging, which currently spans 62 customers in 26 countries.
In addition, Shiner announced that Impark Films Pty Ltd, a leading Australia-based coated films distributor, has agreed to act as Shiner's exclusive distributor in the Australia and New Zealand markets.
Mr. Jian Fu, CEO of Shiner International, commented: "These new contracts represent another important step in our ongoing efforts to become a global supplier of advanced packaging films. As an increasing number of leading consumer brands realize the benefits of our low-cost, technically advanced coated films, we expect our global footprint to further expand." Mr. Fu added: "Looking ahead, we will continue to target large untapped growth markets such as Australia and New Zealand, which provide additional opportunities to leverage our patented suite of anti-counterfeit and coated films." Shiner said that its proprietary coated films will be used to package food, tobacco, drugs, and cosmetics, among other products, and were selected based on Shiner's patented packaging technology which ensures the authenticity, safety and quality of consumer products.
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com/ ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- China's "Hawaii" -- Shiner's products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60% of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 13 patents on products and production equipment, and has additional patent applications pending. The Company's coated films meet the approval of U.S. FDA requirements, as well as those required for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000.
Safe Harbor Statement All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.'s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner's filings with the Securities and Exchange Commission.
For more information, please contact: Company Contact:
Shiner International, Inc. Ms. Maggie DanDan Xing
Tel: +86-138-7668-7688
Email: Investor Relations & Media Contact:
Lambert, Edwards & Associates
Mr. Noel Ryan
Tel: +1-616-233-0500
Email: DATASOURCE: Shiner International, Inc.
CONTACT: Ms. Maggie DanDan Xing for Shiner International, Inc. at +86- 138-7668-7688 or ; for Investor Relations & Media, Noel Ryan, Lambert, Edwards & Associates at +1-616-233-0500 or nryan@lambert- edwards.com Web Site: http://www.shinerinc.com/
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