Winner New Product Update: Advanced Dressings and Surgical Gowns

2007-08-29 17:01 988

SHENZHEN, China, Aug. 29 /Xinhua-PRNewswire/ -- Winner Medical Group, Inc. ("Winner Medical") (OTC Bulletin Board: WMDG), announces that it has commenced mass production for the orders received from the leading European company to produce advanced dressings. "We believe this marks our high-end production capability, and validates our ability to develop new OEM relationships and expand our product reach in Japan, Europe and the US," Mr Li, the CEO of the Group, expressed enthusiastically.

Mass production for the initial orders has started in May 2007. The client has so far made orders worth $1.3M, and it is anticipated that the contract signed in April will bring in annual sales of $2M in the coming years. Around $0.63M of these advanced dressings have already been exported to Europe, and it is expected that follow-up orders will start coming in October and November.

"Our ability to leverage relationships with world-class medical supply OEMs, along with our strong research and development capabilities and high quality products, position Winner Medical to capture unlimited opportunities in the future," added Mr. Li.

Surgical Gowns

The creativity of Winner Medical's research and development team has brought innovation beyond the newly patented PurCotton products. It has recently developed a special technique that could be applied to Purcotton surgical gown products. A special coating is set on one side of the PurCotton fabric so that one side will be liquid repellent enabling better protection to surgical doctors from unwanted liquids and ensuring better hygiene in hospitals. The other side will remain liquid absorbent, giving more comfort to doctors while they perform operations.

The new technology will raise Winner Medical's competitive advantage in the global market, where the demand for disposable surgical gowns is expanding rapidly. Medical research has shown that disposable medical drapes and gowns could ensure better hygiene than re-usable ones. Furthermore, current market penetration of disposables is rather low in Europe. Winner Medical will be installing machines for manufacturing the surgical gowns in the 2nd quarter of fiscal year 2008 to capture this golden opportunity. The coating technology in medical use is under utility patent application in more than 25 countries.

About Winner Medical

Winner Medical is a holding company comprised of eight wholly owned manufacturing and distribution facilities, two joint venture factories and one trading company. Winner Medical is primarily engaged in the development, manufacturing and distribution of high-quality cotton disposable medical dressings and disposable products. Winner Medical's products include surgical dressings, dressing packs, wound care dressings, protective products, medical instruments, dental products and hygiene products for the institutional and home care markets. Winner Medical products are manufactured in China and sold domestically and abroad, in countries and areas such as Japan, Germany, Italy, the Netherlands, Australia, France, the United States, South America, Africa and the Middle East. Winner Medical is one of a few Chinese companies licensed by the U.S. Food and Drug Administration to ship finished, sterilized products directly to the U.S. market. To learn more about Winner Medical, visit Winner Medical's web site .

Forward-Looking Statements

This press release contains certain statements that may include

"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding Winner Medical and its subsidiary companies' business strategy, plans and objective and statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although Winner Medical believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Winner Medical's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Winner Medical's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to Winner Medical or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Winner Medical does not assume a duty to update these forward-looking statements.

For more information, please contact:


Annie Chen

Secretary of the Board

Tel: +86-755-2806-6858


US/HK Investor Relations

Anne Pang

College Hill -- Hong Kong

Tel (US): +1-605-610-4278

Tel (HK): +852-3791-2287


Source: Winner Medical Group, Inc.
Related Stocks: