Winner Medical Expands Marketing Efforts in China for PurCotton Branded Products
November 17 2009 - 8:00AM
PR Newswire (US)
Initiative to Drive Domestic Sales and Improve Margins SHENZHEN,
China, Nov. 17 /PRNewswire-Asia/ -- Winner Medical Group Inc. (NYSE
Amex: WWIN; "Winner Medical", or the "Company"), today announced
plans to launch its Company-owned PurCotton branded products and to
construct sales channels in China. PurCotton is 100% cotton
nonwoven material, for which the Company has its unique patented
manufacturing technology. It is comfortable, safe, and healthy,
which makes it ideal for medical, health care, and daily home care
products. The Company will develop finished functional products
made by PurCotton, and plans to launch these products mainly
through Company-owned PurCotton concept chain stores. The high
profile chain stores will be located in densely populated
commercial and residential communities, with high visibility and
foot traffic. Stores will cater such consumers who prefer
high-quality products made from Winner Medical's PurCotton. Each
store will contain a broad range of PurCotton branded personal
products and healthcare supplies. Stores will be staffed by a total
of eight to ten employees running two shifts. The total projected
cost to open each initial pilot store will be approximately $80,000
to $100,000, including securing the lease, build-out and inventory
stocking. The Company expects to open its first two or three stores
in Shenzhen by January 2010. If the operating metrics of the stores
show feasibility, the mid-term plan will be to launch the Company's
own stores or joint ventures in several geographic areas to open
multiple locations. Winner Medical has retained an experienced,
reputable, and extremely well known consulting firm to implement a
marketing strategy for the promotion and sales channels
construction of its PurCotton branded product. This firm
successfully designed, launched and marketed several famous brand
names in China, including Wanglaoji, one of the leading canned
drink manufacturers in China, Huiyuan, one of the largest fruit
juice manufacturers, and Tasly, a manufacturer of modern TCM,
biological medicine, and functional foods. Jianquan Li, Chairman
and Chief Executive Officer of Winner Medical, commented, "We are
extremely pleased to announce this initiative which underscores our
strategy to significantly grow our domestic China business focused
on higher margin PurCotton branded products. We will be the first
to market with a concept store specifically focused on offering
customers a broad range of disposable, daily use products which
will simplify their shopping experience. We will prudently manage
this marketing strategy while controlling investment risks through
staged store openings." 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 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
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: Web: http://ir.winnermedical.com/
Investors: Mr. Matthew Hayden, HC International Tel:
+1-561-245-5155 Email: Web: http://www.hcinternational.net/
DATASOURCE: Winner Medical Group Inc. CONTACT: Peng Zhai, Investor
Relations Manager for Winner Medical Group Inc., +86-755-2806-6858,
or +86-755-2813-8888 x691, ; Investors: Matthew Hayden, HC
International, +1- 561-245-5155, Web site:
http://ir.winnermedical.com/ http://www.hcinternational.net/
Copyright