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8-K - WINNER MEDICAL GROUP INC | v208545_8k.htm |
Winner Medical
Obtains Cotton Processing Certificate from the State Development and Reform
Commission
Certificate
Clears Path to Obtaining Cotton Processing Business License
-Future
Quality Control and Operating Optimization Benefits
SHENZHEN,
China, January 20, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc.
(Nasdaq: WWIN), ("Winner Medical") a leading manufacturer of medical dressings,
medical disposables and non-woven fabric made from 100% natural PurCotton®
products in China, today announced that one of its subsidiaries, Huanggang
Winner Cotton Co., Ltd., (“Huanggang Cotton”), was recently awarded a
Cotton Processing Certificate by the State Development and Reform
Commission.
This
certificate, granted on December 21, 2010 after a rigorous application and
inspection process from the Hubei Provincial Develop and Reform Commission, the
Provincial Fiber Inspection Bureau in Hubei Province and Hubei Agricultural
Development Bank, allows Huanggang Cotton to obtain a Cotton-Processing
Business License from the Hubei Administration for Industry & Commerce,
which the Company expects to occur by the end of January, 2011. With that
license, Huanggang Cotton will become one of 147 wholesale manufacturers in
Hubei Province licensed with a cotton processing license. Winner currently
purchases all of its cotton from domestic suppliers in Hubei and Xinjiang
provinces.
Mr.
Jianquan Li, Founder, President and Chief Executive Officer of Winner Medical
commented, “This is an important strategic milestone for Winner Medical. The
ability to process our own cotton seed will expand our vertically integrated
operating process upstream and will provide us with more stringent quality
controls. By internalizing this process, we expect to substantially increase the
consistency and quality of our processed cotton, reduce our raw material
and production costs and improve our product quality.”
About
Winner Medical:
Winner
Medical is a leading medical disposable products manufacturer in China, with
business operations consisting of manufacturing, researching, developing and
marketing cotton-based medical dressings and medical disposables, as well as
consumer products. The Company
has ten wholly-owned operating subsidiaries and three joint ventures, which
manufacture tailored medical disposables and dressings, as well as non-woven
fabric made from 100% natural cotton. With a vertically integrated supply
chain ranging
from spinning fabric to finished goods, the Company provides its customers with
a wide range of products, from surgical and wound care to consumer. The Company
sells and markets its medical products and 100% natural cotton non-woven jumbo
rolls in China and abroad. For nine
consecutive years, the Company has been ranked as one of the top medical dressing exporters
in China, with the
United States, Europe, China and Japan being its most important
markets. In addition, the Company distributes finished cotton non-woven consumer
products under its
own "PurCotton" brand name in
China. With more
than 20 years of international experience in the medical dressings and
disposables field, the Company has a deep market understanding. This provides
Winner Medical with a solid foundation, upon which it plans to expand by
growing its medical grade 100% cotton retail business. 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 objectives 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 and 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:
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Company:
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Huixuan
Chen (Fiona)
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Investor
Relations Manager
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Winner
Medical Group Inc.
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Tel:
+86-755-2806-6858
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+86-755-2813-8888
(ext. 691)
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Email:
investors@winnermedical.com
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Web:
http://ir.winnermedical.com
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Investors:
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Scott
Powell
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HC
International, Inc.
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Tel:
+1-212-301-7130
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Email:
scott.powell@hcinternational.net
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Web:
http://www.hcinternational.net
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Source:
Winner Medical Group Inc.