HONG KONG, Oct. 30 Peak International Limited(Nasdaq: PEAK) today announced that William Keith Bladen has been appointed tothe company's Board of Directors and the Audit Committee effectiveOctober 25, 2007. Mr. Bladen is a senior technology products businessexecutive with more than 30 years of general management, marketing and salesexperience. As a result of Mr. Bladen's appointment to the company's Boardof Directors and to the Audit Committee, the company is in compliance with therequirements of applicable Nasdaq rules that the company's Board of Directorsconsist of a majority of independent directors and that the company's AuditCommittee consist of three independent members.
Appointed in March 2007, Mr. Bladen currently serves as vice president ofmarketing for Zilog, Inc., a leading provider of fabless semiconductorproducts worldwide. He is a member of the company's management team whichincludes the chief executive officer, the chief financial officer and thechief technology officer. Mr. Bladen is chartered with ensuring a successfultransition from 8 and 16 bit technology to 32 bit technology.
Prior to joining Zilog, Mr. Bladen served at Intel Corporation from 1991to 2005 where he was part of the team responsible for the company's long-termstrategic direction that set industry hardware standards that made possiblethe wide scale adoption of Intel Pentium microprocessor products. That widescale adoption encompassed the Pentium II and Pentium III families as well askey mobile platform technologies, including the industry's first PC cardtechnology, Intel's first mobile chip set and the first mobile Pentiumsystems. From 1983 to 1991 Mr. Bladen was at Human Engineered Software of SanFrancisco, CA, initially as Director of Operations and then as Interim CEO asthe company prepared to be acquired.
Dean Personne, president and chief executive officer of PeakInternational, commented, "We are delighted to have a technology industryleader like Keith Bladen join our Board of Directors. He was a leader thathelped set the stage for the wide proliferation of the Intel Pentium as the"microprocessor of choice" for more than a couple of generations of computerpurchasers worldwide. We believe that his leadership, industry vision andexperience will help us at Peak to execute on our strategic business plangoing forward."
About Peak International Limited
Peak International Limited (http://www.peakinternational.com) is a leadingsupplier of precision-engineered packaging products for storage,transportation and automated handling of disk drive components, semiconductordevices, wafer fab products as well as precision medical products. There areapproximately 1,400 people who work for Peak worldwide and its headquartersare in Hong Kong with major manufacturing operations in Shenzhen, the PRC,which is operated pursuant to a processing partner agreement with anunaffiliated party. Peak operates warehouses throughout the world and offersJIT 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 meaningof the "safe harbor" provision of the Private Securities Litigation Reform Actof 1995, including, without limitation, statements related to the Company'sability to execute its strategic plan. These and other forward-lookingstatements are not guarantees of future results and are subject to known andunknown risks, uncertainties and other factors that may cause actual results,performance or achievements of the Company to be materially different from anyfuture results, performance or achievements expressed or implied by theforward-looking statements. Such factors include but are not limited to: priceof raw materials, factors relating to conditions in semiconductor, disk drive,wafer fab, electronics and other in