SHENZHEN, China, July 2 Winner Medical Group Inc.(OTC Bulletin Board: WMDG, "Winner Medical"), today announced that it signedan agreement with a leading consumer products company in China to providePurCotton rolls. Pursuant to the terms of the agreement, among others, WinnerMedical will provide PurCotton raw materials, which will be processed intofeminine products and then distributed throughout China by the consumerproduct company.
Including this deal, the PurCotton sales to customers in China, Japan, theUnited States, and other countries are expected to reach approximately$700,000 per month or approximately 150 tonnes per month. The first twoPurCotton manufacturing lines are producing in full capacity, and the thirdmanufacturing line is running smoothly, which is expected to graduallyincrease to normal production capacity in the near future. The Company isplanning to purchase the fourth manufacturing line to meet the growing demand.
Mr. Jianquan Li, Chief Executive Officer, commented, "We are delighted toannounce the signing of the contract as it proved the recognition of top-tierclients to the premium quality of our PurCotton products."
"This innovative, technologically-enhanced fabric offers significantadvantages to synthetic nonwoven products, including eco-friendly, greaterabsorbency, and higher tensile strength. Furthermore, our patented advancedautomation and design process reduces the average cycle time for production ofthe finished cloth from raw materials. We consider that this confirms thedemand for PurCotton, and we believe PurCotton will give Winner Medical astrong competitive edge in the global marketplace," Mr. Li concluded.
There are signs of market demand recovery from the economic crisis. Duringthe second quarter of fiscal 2009, PurCotton sales of the Company grewsteadily. The Company has $1,108,000 in raw material sales in the secondquarter of fiscal 2009, an increase of 31.43% compared with last quarter, andthe management of the Company is confident about a larger increase in thecoming quarters.
About Winner Medical
Winner Medical is a leading manufacturer in the medical dressing industry(medical and wound care products) in China. Headquartered in Shenzhen, theCompany has eight wholly-owned manufacturing and distribution facilities, fourjoint-venture factories and over 5,000 employees. The Company engages in themanufacture, sale, research, and development of medical care products, woundcare products, home care products and PurCotton products, a nonwoven fabricmade from 100% natural cotton. The products are sold worldwide, with Europe,the U.S. and Japan serving as the top three markets. The Company currentlyholds 50 patents and patent applications in various products and manufacturingprocesses and is one of the few Chinese companies licensed with the U.S. Foodand Drug Administration (FDA) to ship finished, sterilized products directlyto the U.S. market. To learn more about Winner Medical, visit Winner Medical'sweb site http://www.winnermedical.com .
This press release contains certain statements that may include"forward-looking statements" within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities ExchangeAct of 1934, as amended. All statements, other than statements of historicalfact included herein are "forward-looking statements" including statementsregarding Winner Medical and its subsidiary companies' business strategy,plans and objective and statements of non-historical information. Theseforward looking statements are often identified by the use of forward-lookingterminology such as "believes," "expects" or similar expressions, involveknown and unknown risks and uncertainties. Although Winner Medical believesthat the expectations reflected in these forward-looking statements arereasonable, they do involve assumptions, risks and uncertainties, and theseexpectations may prove to be incorrect. You should not place undue reliance onthese forward-looking statements, which speak only as of the date of thispress release. Winner Medical's actual results could differ materially fromthose anticipated in these forward-looking statements as a result of a varietyof factors, including those discussed in Winner Medical's periodic reportsthat are filed with and available from the Securities and Exchange Commission.All forward-looking statements attributable to Winner Medical or personsacting on its behalf are expressly qualified in their entirety by thesefactors. Other than as required under the securities laws, Winner Medical doesnot assume a duty to update these forward-looking statements.Investor Relations Contacts: Peng Zhai Assistant Manager, Investor Relations Winner Medical Group Inc. Tel: +86-755-2806-6858 Email: [email protected]
SOURCE Winner Medical Group Inc.