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Winner Medical Group Signs 5-Year Contract With Global Medical Technology Company for Non-Adherent Wound Dressing Products

2007-01-31 15:46 3077


SHENZHEN, China, Jan. 31 /Xinhua-PRNewswire/ -- Winner Medical Group Inc., ("Winner Medical") (OTC Bulletin Board: WMDG), today announced it has signed a five-year contract with a global medical technology company to produce its non-adherent wound dressings. Mass production of the initial order is expected to commence in March 2007, with the first shipment scheduled for April. Specific details of the contract were not disclosed.

The contract, which consists of a variety of Winner Medical non-adherent wound dressing products, marks the first order from this global medical technology products distributor. The customer plans to rebrand these products as its own and distribute them in the United States, United Kingdom, Australia and Japan.

"Medical products distributors and customers are demanding that product manufacturers produce high quality products at lower costs," said Jianquan Li, chairman and chief executive officer. "Our technology-driven products, such as these new non-adherent wound dressing products, enable OEMs to take greater advantage of the price, quality and performance awards of Winner Medical products.

"We believe this contract from a leading medical technology products company validates our ability to develop new OEM relationships and expand our product reach in Japan, Europe and the US. Our ability to leverage relationships with world-class medical supply OEMs, along with our strong research and development capabilities position Winner Medical to both create and capitalize on opportunities in the future," concluded Mr. Li.

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 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 http://www.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 - China

Annie Chen

Secretary of the Board

Tel: +86-755-2806-6858

Email: annie.chen@winnermedical.com

U.S. Investor Relations

Kathy Price / Dixon Chen

The Global Consulting Group

Tel: +1-646-284-9400

Email: kprice@hfgcg.com / dchen@hfgcg.com

Source: Winner Medical Group Inc.
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