HAIKOU, China, Dec. 20, 2010 /PRNewswire-Asia/ -- Shiner International, Inc. (Nasdaq : BEST ) ("Shiner" or the "Company"), an emerging global supplier of anti-counterfeiting and advanced packaging products, today announced that it has received three honors from the China Packaging Federation, a national organization dedicated to promoting the sustained growth and development of China's packaging industry.
Shiner won the 2010 China Packaging Brand Excellence Award, which recognizes outstanding Chinese packaging companies. Nominees were evaluated based upon their financial performance, internal quality assurance standards, product quality, manufacturing safety record, and brand recognition.
Shiner was also named one of the Top 100 Packaging Corporations in China. The criteria considered in evaluating nominees were financial performance, size and scope of operations, and publicly traded status for fiscal year 2009. Additionally, the Company received third place in the 2010 China Packaging Technological Innovation Contest for its acrylic coated films, which are primarily used to package foods, pharmaceuticals, cosmetics, and other consumer goods.
Mr. Qingtao Xing, President and CEO of Shiner, stated: "These honors establish Shiner as a quality and technology leader in one of the world's largest domestic packaging industries. We expect these recognitions to further strengthen our brand name and reinforce our market-leading position."
The winners were announced at the 7th Council of the China Packaging Federation, held December 8 and 9, 2010 in Hainan Province, China. The meeting, which also celebrated the 30th anniversary of the China Packaging Federation's establishment, took place at the headquarters of the Boao Forum for Asia, a nonprofit organization focused on advancing the development goals of Asian countries. Mr. Keith Pearson, president of the World Packaging Organization, and Mr. Wanpeng Shi, president of the China Packaging Federation, attended the event.
About Shiner International, Inc.
Shiner International, Inc. is engaged in the research and development, manufacture and sale of flexible packaging material. 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 flexible packaging 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 69% 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.
SOURCE Shiner International, Inc.