HAINAN, China, Sept. 2 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (Nasdaq: BEST; website: http://www.shinerinc.com ), a market leader in China's packaging and anti-counterfeiting plastic films industry, today announced Shiner has signed a total of $7 million in coated film and printing supply contracts to supply new clients from China and the US in the food and printing industries.
Shiner is an integrated packaging films supplier that provides a "one stop solution" from plastic film production to the manufacturing and marketing of various value-added specialty films including anti-counterfeiting films and packaging film printing services.
"Shiner's high quality coated films as well as our unique one stop solution business model continues to attract strong client interests towards our products and services. Our ability to win new contracts with blue-chip customers both in China and worldwide is a validation of our ability to compete on a global scale," Shiner International CEO Mr. Jian Fu commented.
Mr. Fu continued: "As rising cost control has become a greater concern for many food producers, we are seeing more and more companies in the food industry changing their procurement strategies by having all of their packaging needs done at one place in order to provide cost savings benefits and controllable lead-time and logistics efficiency. We believe Shiner is the largest integrated player in China that is capable of providing products to clients on a one stop solution platform. Shiner will continue to benefit from our growing strategic strength."
About Shiner International, Inc.
NASDAQ listed 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.
