Peak International Appoints Keith Bladen to Board of Directors
31 October 2007 - 7:05AM
PR Newswire (US)
HONG KONG, Oct. 30 /PRNewswire-FirstCall/ -- Peak International
Limited (NASDAQ: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 DATASOURCE: Peak International Limited
CONTACT: John Supan, CFO of Peak International Limited, Hong Kong,
+1-852-3193-6000; or Joe Diaz of Lytham Partners, LLC,
+1-602-889-9700, for Peak International Limited Web site:
http://www.peakinternational.com/
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