Peak International Appoints Keith Bladen to Board of Directors

    HONG KONG, Oct. 30 /PRNewswire-FirstCall/ -- Peak International Limited
 ( PEAK) today announced that William Keith Bladen has been appointed
 to the company's Board of Directors and the Audit Committee effective
 October 25, 2007. Mr. Bladen is a senior technology products business
 executive with more than 30 years of general management, marketing and
 sales experience. As a result of Mr. Bladen's appointment to the company's
 Board of Directors and to the Audit Committee, the company is in compliance
 with the requirements of applicable Nasdaq rules that the company's Board
 of Directors consist of a majority of independent directors and that the
 company's Audit Committee consist of three independent members.
     Appointed in March 2007, Mr. Bladen currently serves as vice president
 of marketing for Zilog, Inc., a leading provider of fabless semiconductor
 products worldwide. He is a member of the company's management team which
 includes the chief executive officer, the chief financial officer and the
 chief technology officer. Mr. Bladen is chartered with ensuring a
 successful transition from 8 and 16 bit technology to 32 bit technology.
     Prior to joining Zilog, Mr. Bladen served at Intel Corporation from
 1991 to 2005 where he was part of the team responsible for the company's
 long-term strategic direction that set industry hardware standards that
 made possible the wide scale adoption of Intel Pentium microprocessor
 products. That wide scale adoption encompassed the Pentium II and Pentium
 III families as well as key mobile platform technologies, including the
 industry's first PC card technology, Intel's first mobile chip set and the
 first mobile Pentium systems. From 1983 to 1991 Mr. Bladen was at Human
 Engineered Software of San Francisco, CA, initially as Director of
 Operations and then as Interim CEO as the company prepared to be acquired.
     Dean Personne, president and chief executive officer of Peak
 International, commented, "We are delighted to have a technology industry
 leader like Keith Bladen join our Board of Directors. He was a leader that
 helped set the stage for the wide proliferation of the Intel Pentium as the
 "microprocessor of choice" for more than a couple of generations of
 computer purchasers worldwide. We believe that his leadership, industry
 vision and experience will help us at Peak to execute on our strategic
 business plan going forward."
     About Peak International Limited
     Peak International Limited (http://www.peakinternational.com) is a
 leading supplier of precision-engineered packaging products for storage,
 transportation and automated handling of disk drive components,
 semiconductor devices, wafer fab products as well as precision medical
 products. There are approximately 1,400 people who work for Peak worldwide
 and its headquarters are in Hong Kong with major manufacturing operations
 in Shenzhen, the PRC, which is operated pursuant to a processing partner
 agreement with an unaffiliated party. Peak operates warehouses throughout
 the world and offers JIT services to some of the world's largest disk drive
 and other companies.
     Cautionary Note Regarding Forward-Looking Statements
     This press release contains forward-looking statements within the
 meaning of the "safe harbor" provision of the Private Securities Litigation
 Reform Act of 1995, including, without limitation, statements related to
 the Company's ability to execute its strategic plan. These and other
 forward-looking statements are not guarantees of future results and are
 subject to known and unknown risks, uncertainties and other factors that
 may cause actual results, performance or achievements of the Company to be
 materially different from any future results, performance or achievements
 expressed or implied by the forward-looking statements. Such factors
 include but are not limited to: price of raw materials, factors relating to
 conditions in semiconductor, disk drive, wafer fab, electronics and other
 industries, the amounts the Company may have to pay for workers at the PRC
 factory operated by a third party, difficulties related to working in the
 PRC, including regional government and processing partner relations, the
 market acceptance of its products, the introduction of new products by the
 Company's competitors, any future economic downturn, and other matters that
 could cause actual results to differ materially from the projections made
 herein. Additional risks are detailed in the Company's filings with the
 Securities and Exchange Commission, including the Company's Quarterly
 Reports on Form 10-Q and Annual Report on Form 10-K filed on June 29, 2007.
 Statements included in this press release are based on information known to
 the Company as of the date of this release, and the Company assumes no
 obligation to update or revise any forward-looking statements or to update
 the reasons why actual results could differ from those projected in any
 forward-looking statement in this release.
      Contacts:
                 John Supan                                Joe Diaz
                 CFO                                       Lytham Partners, LLC
                 Peak International Limited, Hong Kong     602-889-9700
                 +852-3193-6000
 
 

SOURCE Peak International Limited