Winner Medical One for Two Reverse Stock Split Becomes Effective and Begins Trading Under New Symbol: WWIN
October 06 2009 - 11:24AM
PR Newswire (US)
SHENZHEN, China, Oct. 6 /PRNewswire-Asia-FirstCall / -- Winner
Medical Group Inc. (OTC Bulletin Board: WWIN; "Winner Medical", or
the "Company"), a leading manufacturer and the largest exporter by
volume in the medical dressing industry in China, today announced
its one-for-two reverse stock split became effective on October 6,
2009. The Company will no longer trade under the old symbol "WMDG"
and commenced trading under the new symbol "WWIN" when market
opened on October 6, 2009. About Winner Medical Winner Medical is a
leading manufacturer and the largest exporter by volume in the
medical dressing industry (medical and wound care products) in
China. Headquartered in Shenzhen, the Company has seven
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 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 50 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://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: Investor Relations Contact: Peng Zhai
Assistant Manager, Investor Relations Winner Medical Group Inc.
Tel: +86-755-2806-6858 Email: DATASOURCE: Winner Medical Group Inc.
CONTACT: Investor Relations, Peng Zhai, Assistant Manager, Investor
Relations of Winner Medical Group Inc., +86-755-2806-6858, Web
site: http://www.winnermedical.com/
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