Peak International Strengthens Medical Initiative

    HONG KONG, Aug. 21 /PRNewswire-FirstCall/ -- Peak International Limited
 ( PEAK), a market leader in plastics design, engineering, production
 and supply chain solutions, today announced it has signed an agreement with
 National Account Contracts, Inc. to expand Peak's presence in the medical
 consumables market. Already producing and selling chemical analyzer
 cuvettes to the medical industry, Peak is establishing a dedicated medical
 products division and will now leverage NAC's existing sales infrastructure
 and medical product expertise to accelerate sales and seek out new product
 and partnership opportunities.
     "This is a new and exciting opportunity for Peak," said Dean Personne,
 Peak's president and chief executive officer. "We already have the
 precision design, engineering and clean room production capabilities to
 serve the medical market's plastic needs and we believe our global reach
 and international economics have the potential to strengthen potential
 medical product partners. We expect NAC to bring us immediate domain
 expertise and an established medical sales capability."
     Many of today's largest hospitals are served by Global Procurement
 Organizations (GPOs) who screen and procure medical products from
 manufacturers once the need is defined and reviewed by Surgical Advisory
 Boards (SABs). Once a contract is awarded, the manufacturer and its
 suppliers fulfill that contract within tight tolerances for quality and
 delivery. NAC will focus on partnerships and sales with these manufacturers
 while Peak provides precision design, engineering, manufacturing and global
 JIT delivery.
     Kevin McMillen, NAC's President & CEO, states that "Peak
 International's unique strengths in the manufacturing of high tolerance,
 precision plastics make it well positioned to become a major supplier of
 products to the US healthcare marketplace. Peak's ability to provide
 product manufacturing, coupled with substantial cost benefits, will assist
 US medical product companies as they cope with increasing cost pressures
 and supply chain improvement initiatives required by US healthcare provider
 organizations."
     Mr. McMillen, and several other senior staff members, will be working
 directly on establishing new business for Peak. His 30 years of medical
 product sales experience has included working for Johnson & Johnson,
 building a selling a medical product sales company, and establishing
 hundreds of contracts to GPOs and their 1,500 hospital members. The
 contracts established by Kevin and his current company (NAC) have
 contributed hundreds of millions of dollars of sales to the US medical
 marketplace.
     With offices in Hong Kong, manufacturing facilities in Shenzhen, the
 PRC, and distribution centers worldwide, Peak offers products and
 manufacturing capabilities already used by some of the world's largest
 companies for high- speed, automated manufacturing processes that require
 dimensional stability and precision tolerances. Peak has substantial
 manufacturing capacity, tooling and design expertise, and a worldwide
 footprint to support even the toughest JIT requirements. The company
 currently offers disk drive, semiconductor, consumer and medical products
 to some of the world's largest companies.
     About Peak International Limited
     Peak International Limited (www.peakinternational.com) is a leading
 supplier of precision-engineered packaging products for storage,
 transportation and automated handling of semiconductor devices, precision
 medical products, and other electronic components. There are approximately
 1,600 people who are working for Peak directly worldwide or indirectly in
 its factory in Shenzhen, the PRC, which is operated pursuant to a
 processing agreement with an unaffiliated party. Peak operates warehouses
 throughout the world and offers JIT services to some of the world's largest
 companies.
     About National Account Contracts, Inc.
     NAC (National Account Contracts, Inc.), a US company with 20 plus years
 of experience in the medical industry specializes in bringing together end
 users of medical products with manufacturers of equipment, products, and
 services. NAC has successfully represented dozens of companies over the
 years which have in turn provided hundreds of millions of dollars of
 products to the US market. The companies represented range from medium
 sized manufacturers to industry giants such as Johnson & Johnson, Maxxim
 Medical, and Waste Management of North America.
     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 and NAC's ability to: 1) work together successfully to expand
 the number of products available to the medical market; 2) identify and
 establish new customers and partnerships; and 3) sell new and existing
 medical products in substantial quantities at cost competitive and
 commercially viable prices. 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 and electronic 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                               Lytham Partners, LLC
      Chief Financial Officer                  Joe Diaz
      Peak International Limited, Hong Kong    Joe Dorame
      +852-3193-6000                           Robert Blum
                                               (602) 889-9700
 
 

SOURCE Peak International Limited