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

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