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Shiner International Signs $5.4 Million New Film Supply Contracts, Announces $2.7 Million Initial Product Sales to One of China's Large Food Companies

Thursday March 13, 6:00 am ET


HAINAN, China, March 13 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (Nasdaq: BEST) (website: http://www.shinerinc.com ), a market leader in China's anti-counterfeit plastic films industry, announces that Shiner has signed a total of $5.4 million coated and packaging film supply contracts with various Chinese domestic buyers.

These new orders are represented by sales to one of the largest tobacco companies in China, a Shanghai based packaging materials company, as well as initial product sales of $2.7 million to one of the largest food companies in Fujian province. Shiner anticipates repeated orders from these domestic customers.

Shiner International currently owns 9 patents in China related to coated and BOPP tobacco films.

Mr. Jian Fu, CEO of Shiner International, commented, "Shiner's patented coated film and packaging film technologies have led to strong customer interest towards our products. Our initial order with one of China's largest tobacco companies is the beginning of multiple orders that we expect to receive from other major tobacco and liquor companies in China."

 

About Shiner International, Inc.

Shiner International ( http://www.shinerinc.com ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- 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% of Shiner's current customers are located in China, with the remainder spanning 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.

About Lambert, Edwards & Associates

Lambert, Edwards & Associates ( http://www.lambert-edwards.com ) is one of the nation's leading investor relations firms for small and mid-cap companies, and serves more than 80 clients in 19 U.S. states. LE&A works extensively with middle-market companies and national brands in three primary practice areas: Consumer, Business & Financial Communications, and Healthcare & Technology. LE&A has posted nine consecutive years of growth and earned national recognition from its peers, including three Silver Anvil awards -- the profession's highest honor -- in the last two years.

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:

Shiner International, Inc.
    Ms. Maggie DanDan Xing
    Corporate Secretary
    Tel: +86-13876687688
    Email: info@shinerinc.com
    Web:   http://www.shinerinc.com

 

 

 

 

 

 

 

Source: Shiner International, Inc.