SHENZHEN, China, April 20 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN) ("Winner," or "the Company"), a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton(R) materials for the medical and consumer products industries, announced today that since January 1, 2010, it has opened nine PurCotton(R) chain stores, and an additional eight new stores will be opened by the end of April in Shenzhen, Guangdong province, China.
In December 2009, Winner's subsidiary Winner Industries (Shenzhen) Co., Ltd. established a wholly owned subsidiary, Shenzhen PurCotton Technology Co., Ltd. to develop sales channels in the China marketplace and sell its PurCotton(R) branded products. PurCotton(R) is a non-woven fabric made with 100% natural cotton products. PurCotton promotes the concept of "Let medical products close to your life, Let pure cotton take care of your health." Using PurCotton(R) patented technology, the company develops many healthy, comfortable, safe and environmentally friendly daily care and home living products. PurCotton(R) products are classified into four main categories: baby personal products, feminine personal products, daily home care products and medical care products. The raw materials of all PurCotton(R) products are imported from the United States, are natural cotton and additive-free. The average total cost of each store, with sizes ranging from 50 to 100 square meters, is approximately $40,000 to $60,000, which includes the lease, build-out, one month's salary for salespeople and inventory stocking.
PurCotton(R) enters into a niche market by promoting medical products for daily use. The main distribution channels will be chain stores (PurCotton(R) stores), on-line sales, supermarkets and wholesales to large customers, while promoting the concept of high quality life by using pure cotton products. PurCotton(R) stores are mainly located in downtown shopping malls and high-end communities with high visibility and significant foot traffic. Shenzhen PurCotton Technology Co., Ltd. employs professional retailing and brand building consultants to advocate the concept of a healthy life. On April 15, 2010, Winner Medical entered into an employee agreement with Mr. Zihan Wu, who was appointed general manager of Shenzhen PurCotton Technology Co., Ltd. Mr. Wu graduated from Wuhan University with majors in Economic Management and Computer Science. He has solid experience in Internet and media businesses from when he was a partner of Shanghai Angel Venture Capital Management Company. Mr. Wu's strong e-commerce experience will assist the Company's efforts in building PurCotton(R) business-to-consumer online stores in order to better meet consumer's diversified shopping requirements.
About Winner Medical:
Winner Medical is a leading manufacturer and the largest exporter by volume in the medical dressing industry in China. Headquartered in Shenzhen, the Company has eight wholly owned operating subsidiaries and four joint ventures with over 5,000 employees. The Company engages in the manufacturing, sale, research and development of medical care products, wound care products, home care products and PurCotton(R) products, a non-woven fabric made from 100% natural cotton. The products are sold worldwide, with Europe, the United States, China and Japan serving as the top four markets. The Company currently holds more than sixty patents and patent applications for various products and manufacturing processes and is one of the few Chinese companies licensed by the U.S. Food and Drug Administration (FDA) to ship finished, sterilized products directly to the United States market. To learn more about Winner Medical, please visit Winner Medical's web site at: http://ir.winnermedical.com .
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:
Company:
Peng Zhai
Investor Relations Manager
Winner Medical Group Inc.
Tel: +86-755-2806-6858
+86-755-2813-8888 x691
Email: investors@winnermedical.com
Web: http://ir.winnermedical.com
Investors:
Scott Powell
HC International, Inc.
Tel: +1-917-721-9480
Email: scott.powell@hcinternational.net
Web: http://www.hcinternational.net
