New York, June 20 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (Nasdaq: BEST), a market leader in China’s packaging and anti-counterfeiting plastic film industry, today announced that according to the recently posted preliminary membership list at http://www.russell.com/indexes , the Company expects to join the Russell Microcap Index when the 2008 reconstitution of the Russell Indexes takes place after the markets close on June 27, 2008.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
“We are pleased with our inclusion in this index, which reflects our continued positive momentum,” said Chairman Mr. Yuet Ying. “Russell is an industry leader for market indexes, and we expect our inclusion to potentially attract additional institutional interest in our company.”
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 percent 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:
U.S. Contact:
Mr. Arnold Staloff
Independent Board Member
Shiner International, Inc.
Tel: +1-212-631-3510
Corporate Contact:
Mr. Qingtao Xing
President
Shiner International, Inc.
Tel: +86-1387-6683-099
Email: qingtao.xing@shinerinc.com
