HAINAN, China, June 30 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (Nasdaq: BEST; website: http://www.shinerinc.com ), an emerging global leader in the anti-counterfeiting and advanced packaging film industry, today announced that it has entered into contracts with Hsu Fu Chi International, one of the largest food conglomerates in Asia to supply 1,200 tons of coated films with an approximate value of $5.5 million. Shiner's new generation of coated films is broadly used for food packaging, which can significantly extend shelf life, maintain food freshness and ensure food safety.
Mr. Jian Fu, CEO of Shiner International commented: "Hsu Fu Chi ( http://www.hsufuchifoods.com/ ) is one of the largest food companies in China. These significant contracts further showcase Shiner's rapidly growing domestic market presence. We anticipate entering into additional contracts with other significant food industry players in Asia."
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com ) is a U.S. company with its primary operations in China. Headquartered in the city of Hainan, 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 across 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
Tel: +1-212-631-3510
Corporate Contact:
Mr. Qingtao Xing
President
Shiner International, Inc.
Tel: +86-1387-6683-099
Email: qingtao.xing@shinerinc.com or info@shinerinc.com
