SHENZHEN, China, Jan. 4 /PRNewswire-Asia/ -- Winner Medical Group Inc. (NYSE Amex: WWIN; "Winner Medical", or the "Company"), a leading manufacturer and exporter of medical, wound care and home care products in China, today announced that it has opened its first three PurCotton(R) pilot chain stores in Shenzhen, Guangdong province, China on December 31, 2009. At the same time, its subsidiary Winner Industries (Shenzhen) Co., Ltd has 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.
The three chain stores are located in densely populated commercial areas with high visibility and significant foot traffic. Each store contains a broad range of PurCotton(R) branded personal products and healthcare supplies, which include PurCotton Sports bandages, Cosmetic products, baby diapers, sanitary pads, baby wears, wipes, women's underwear, bed sheets, curtains, pillows and related products. The concept stores specifically focus on offering customers a broad range of disposable, daily use products which will simplify customer's shopping experience. All of the products are made by 100% natural cotton.
PurCotton(R) is a revolutionary nonwoven fabric made with 100% natural cotton products and has many advantages over both woven cotton and synthetic nonwoven fabric. It is of high quality, and is safe, natural, biodegradable, sustainable and eco-friendly, which makes it an ideal material for medical and health care products, as well as for daily home care products.
The objective of PurCotton(R) is to provide customers with medical grade 100% cotton products which are healthy, comfortable, and eco-friendly. PurCotton(R) products will improve consumers' living standards, since these products are green, additives-free and non-allergenic. For instance, the sterilized feminine products and baby diapers are of a higher quality and are safer for consumers than woven and synthetic alternatives, some products will include anti-bacteria nano material. At the same time, PurCotton(R) was produced in clean environmental conditions and it is bio-degradable, which is in line with Winner's commitment to promote environmental protection and sustainable development in it manufacturing processes.
Mr. Jianquan Li, Chairman and Chief Executive Officer of Winner Medical, commented, "We are excited to announce the opening of the three pilot chain stores to significantly grow our domestic China business with PurCotton(R) branded products. This is our initial trial step into the retail consumer personal products and healthcare supplier markets in China. This is an exciting and important milestone for Winner and we will exercise financial prudence in order to mitigate investment risk by opening up additional stores step by step in order to meet rising consumer demand for our PurCotton(R) products. We will continue to develop the market demand for PurCotton(R) while expanding our production accordingly, and we believe PurCotton(R) will give Winner Medical a strong competitive edge in the global marketplace."
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 nonwoven fabric made from 100% natural cotton. The products are sold worldwide, with Europe, the United States and Japan serving as the top three 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:
Mr. Matthew Hayden, HC International
Tel: +1-561-245-5155
Email: matt.hayden@hcinternational.net
Web: http://www.hcinternational.net