HAINAN, China, June 30 BEST-$Mil-Contracts
HAINAN, China, June 30 /Xinhua-PRNewswire-FirstCall/ -- Shiner
International, Inc. (Nasdaq: BEST; website: http://www.shinerinc.com ), an
emerging global leader in the anti-counterfeiting and advanced packaging film
industry, today announced that it has entered into contracts with Hsu Fu Chi
International, one of the largest food conglomerates in Asia to supply 1,200
tons of coated films with an approximate value of $5.5 million. Shiner's new
generation of coated films is broadly used for food packaging, which can
significantly extend shelf life, maintain food freshness and ensure food
safety.
Mr. Jian Fu, CEO of Shiner International commented: "Hsu Fu Chi
( http://www.hsufuchifoods.com/ ) is one of the largest food companies in
China. These significant contracts further showcase Shiner's rapidly growing
domestic market presence. We anticipate entering into additional contracts
with other significant food industry players in Asia."
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com ) is a U.S. company with
its primary operations in China. Headquartered in the city of Hainan, 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 percent of Shiner's current
customers are located in China, with the remainder spanning across 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:
U.S. Contact:
Mr. Arnold Staloff
Independent Board Member
Tel: +1-212-631-3510
Corporate Contact:
Mr. Qingtao Xing
President
Shiner International, Inc.
Tel: +86-1387-6683-099
Email: qingtao.xing@shinerinc.com or info@shinerinc.com
SOURCE Shiner International, Inc.
