SHENZHEN, China, Oct. 31, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or the "Company"), a leading manufacturer of medical dressings, medical disposables and non-woven fabric made from 100% natural PurCotton® products in China, proudly announced today that Winner Industries ( Shenzhen) Co., Ltd ("Winner Shenzhen"), one of its wholly-owned subsidiaries, was ranked Top 500 Textile and Apparel Companies and Top 10 Non-Woven and Industrial Textile Companies in China. The ranks have been initiated by China National Textile and Apparel Council (CNTAC) and the ranking criteria include capability of innovating and responding promptly, production scale, superior human resource and assets quality, profitability, sustainable growth and energy-saving and emission reduction. Companies on the list shall be the industry bellwether of each criterion, presenting their unique edges and ability to lead. According to CNTAC, it has been carrying out such ranks for nine consecutive years since 2003, which are becoming an important indicator of the textile market in China. "As a leader in medical dressing industry and a high-technology company, we feel honored and excited for the rank and this would be recognition to our effort; and we will continue pinpointing market needs and strengthening our research and development, in order for a perfect application of non-woven industrial textile to our medical textiles and consumer products," Mr. Jianquan Li, the President and the Chief Executive Office of the Company, commented. 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 fourteen wholly-owned 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 products. 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 website at: http://winnermedical.investorroom.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. Although Winner Medical believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions and involve known and unknown, 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.
Shares of Winner Medical Group (Nasdaq:WWIN) have taken a tremendous swing upward. The stock is trading at $4.10 as of 9:39 a.m. ET, 20.6% above Friday's closing price of $3.40. Volume is at 23,231, 1.8 times the daily average of 13,100.