HAIKOU, China, August 1, 2011 /PRNewswire-Asia/ -- Shiner International, Inc. (NASDAQ:BEST) ("Shiner" or the "Company"), an emerging global supplier of packaging solutions for food, tobacco, and consumer products, today announced that it has signed a sales order with Want Want China Holdings Limited (SEHK:151) for $2 million for color printing services. Want Want China Holdings Limited is a leading manufacturer and distributor of snack foods and beverages in China and has an extensive nationwide sales and distribution network throughout the PRC.
Qingtao Xing, the CEO of Shiner International commented: "Want Want Group is one of the leading manufacturers in the food industry, and we are delighted to have been selected to working with them. Shiner continues to make inroads into the growing food industry by providing value-added products and services and a one-stop-shop experience. I am pleased to receive this large sales order for color printing services. We value our relationship with Want Want China Holdings Limited and we look forward to expanding the relationship by continuing to provide functional packaging film with moisture and oxygen barrier properties that preserve flavor and aroma and have superior clarity and printability."
About Shiner International, Inc.
Shiner International, Inc. is engaged in the research and development, manufacture and sale of flexible packaging material and advanced film. Its products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. The Company's products are used by manufacturers in the food and consumer products industry to preserve the texture, flavor, hygiene, and convenience and safety of their products. The Company was founded in 1990 and is headquartered in Haikou, China.
Approximately 80% of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 16 patents on products and production equipment, and has an additional 10 patent applications pending. The Company's flexible packaging meets U.S. FDA requirements, as well as the requirements for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000. Additional information on Shiner is available at http://www.shinerinc.com
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. The information contained in this press release is made as of the date of the press release, even if subsequently made available by Shiner on its website or otherwise.