HAINAN, China, May 28 /Xinhua-PRNewswire/ -- Shiner International, Inc. (Nasdaq: BEST) today announced its Chairman, Mr. Yuet Ying, purchased 202,500 shares of Shiner’s common stock in the open market last week. Details of the purchases can be found in a Form 4 filed with the U.S. Securities and Exchange Commission.
“I am committed to reinvesting in the long-term growth prospects of Shiner International,” stated Chairman Mr. Yuet Ying. “Our continuing sales growth, through both new and existing customers, is a positive factor which I believe will continue to benefit shareholders.”
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.
