PEAK Peak Resorts Com (MM)

HAMILTON, Bermuda, June 3 /PRNewswire-FirstCall/ -- S&G Company, Ltd., a leading supplier of plastic extrusion and thermoform molded products for the semiconductor industry announced today that it has completed its acquisition of Peak International Limited (NASDAQ:PEAK), a leading supplier of precision-engineered packaging products. As previously announced on March 27, 2008, the two companies signed an agreement and plan of amalgamation, pursuant to which Peak shareholders are entitled to receive $2.00 per share in cash for each share of Peak common stock they hold, for a total consideration of approximately $24.8 million. Peak's common stock will cease to trade on the Nasdaq national market at the close of business today and will be delisted. "The addition of Peak to the S&G family allows us to combine our complementary product portfolios, extensive industry expertise, sales channels and customer bases, putting us in a position to leverage new synergies and solidify our status as a global leader in our field," said Mr. Sungyuk Won, President of S&G. BNY Mellon Shareowner Services, the paying agent for the amalgamation, will mail a letter of transmittal and instructions to holders of record of Peak's common stock. The letter of transmittal and instructions will contain information on how to surrender shares of common stock in exchange for the amalgamation consideration of $2.00 per share. Shareholders of record should be in receipt of the letter of transmittal before surrendering their shares. Wilson Sonsini Goodrich & Rosati, P.C. served as legal advisor to S&G in connection with the transaction. Houlihan Lokey Howard & Zukin Capital, Inc. acted as financial advisor and Heller Ehrman LLP acted as legal advisor to Peak in connection with the amalgamation. About S&G Company, Ltd. S&G is one of the premier suppliers of plastic extrusion and thermoform molded products for the semiconductor industry. S&G's global reach originated through design and supply of innovative plastic solutions to clothing industries in the United States, Japan, Europe and Southeast Asia. Since then, S&G has leveraged its quality-manufacturing expertise to meet semiconductor firms' demand for reliable integrated circuit shipping trays. S&G now boasts industry leading design & tooling capability as well as global warehousing & technical support. S&G is under common control with Daewon Semiconductor Packaging Industrial Co., Ltd., a Korean company and recognized leader in the field of integrated circuit shipping products. About Peak International Limited Peak 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 1,200 people who work directly or indirectly 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 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. Contact: Mr. Sungyuk Won President of S&G Company, Ltd. Tel: 852.3193.6000 DATASOURCE: Peak International Limited CONTACT: Mr. Sungyuk Won, President of S&G Company, Ltd., 1-852-3193-6000

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