HAIKOU, China, November 22, 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 its wholly-owned subsidiary, Hainan Shiner Industrial Co., Ltd. ("Hainan Shiner") served as the principal drafter of three new national packaging industry standards to be implemented by the Standardization Administration of the People's Republic of China (the "Administration").
The Administration released three additional national standards, for acrylic coated biaxially oriented polypropylene film (Code No: GB/T 26690-2011), modified polyvinyl alcohol coated biaxially oriented film (Code No: GB/T 26691-2011), and laser holographic anti-counterfeiting biaxially oriented polypropylene film (Code No: GB/T 26708-2011), which will become effective on December 1, 2011. These standards are important for the development of food safety packaging and combating product infringement and counterfeiting and are outlined in the 2011 No. 9 Bulletin of National Standards.
Qingtao Xing, Shiner's CEO commented: "We are very proud that our subsidiary served as the principal drafter of these three national standards. We believe that the implementation of these standards, which we already meet, will give us a competitive edge in the packaging industry and result in stronger revenue growth."
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 the Company is available at http://www.shinerinc.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the Company's participation in the drafting of the standards, including the ability of the Company gain a competitive edge in the packaging industry and the ability of the Company to realize stronger revenue growth; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Contact:
Cindy Gong
Tel: 86-898-6858 1104
Fax: 86-898-6858 1513
Email: rong.gong@shinerinc.com; ir@shinerinc.com
Web: http://www.shinerinc.com
