Navigation Links
Winner Medical Announces Two-for-One Reverse Stock Split
Date:10/1/2009

SHENZHEN, China, Oct. 1 /PRNewswire-Asia/ -- Winner Medical Group Inc. (OTC Bulletin Board: WMDG; "Winner Medical", or the "Company"), a leading manufacturer and the largest exporter by volume in the medical dressing industry in China, today announced that its Board of Directors has approved a two-for-one reverse stock split, to be effective on October 6, 2009.

The two-for-one reverse stock split automatically converts two shares of the Company's common stock into one share of common stock. The reverse stock split affects all issued, outstanding and authorized shares of the Company's common stock, and shares of common stock underlying stock options and warrants that are outstanding immediately prior to the effective date of the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of new common stock. The Company's common stock will start trading on a post-split basis at market open 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: investors@winnermedical.com

SOURCE Winner Medical Group Inc.


'/>"/>
SOURCE Winner Medical Group Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Good Clinical Practice Journal Awards: Winners Announced
2. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
3. Medifast Announces Winners of Mother-Daughter Challenge
4. SAMHSA Announces First Science and Service Award Winners
5. Vida Health Communications, Inc. to Be Honored as Tibbetts Award Winner
6. No Clear Winner in Diabetes Treatment Trial
7. National Battle of the Hospital Chefs Cooks Up a Winner
8. National Cherokee Inspired Comfort Award Winners Announced
9. Bottomless bowls are an Ig Nobel winner
10. Ferring Announces $10,000 Grand Prize Winner of 2007 My Little Miracle Essay Contest
11. CaliforniaVolunteers Announces Winners of Find It. Do It. Share It. Contest
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... May 23, 2017 , ... London, May 23, 2017: Walter Schindler, the Founder ... as a Guest Speaker and Contributor to a weeklong series of classes, meetings, field ... , Walter Schindler and SAIL Capital have received an ...
(Date:5/23/2017)... (PRWEB) , ... May 23, 2017 , ... ... Specialists, are educating patients on peri-implantitis in Las Vegas, NV, and ... receive a custom gum disease consultation and leading care for peri-implantitis, with or ...
(Date:5/23/2017)... ... May 23, 2017 , ... New patients from Charleston, SC, ... experienced dentist practicing in Mt. Pleasant, SC, with or without a referral. A full ... patients with missing teeth in Charleston, SC. Those who suffer from gum ...
(Date:5/23/2017)... , ... May 23, 2017 , ... ... receive treatment using the SPEED Systemâ„¢ Orthodontics, with or without a referral, from ... in El Segundo, CA, who is skilled in providing patients with the ...
(Date:5/22/2017)... GREENVILLE, SC (PRWEB) , ... May 22, 2017 ... ... the premiere organization in North America for the scientific development, healthcare training and ... physicians and technicians interested in becoming certified to perform medical thermal imaging services. ...
Breaking Medicine News(10 mins):
(Date:5/15/2017)... 2017  Amy Baxter MD, chief executive officer and ... pain relief, was awarded a 2017 Top 40 Healthcare ... recognized at the MM&M Top 40 Healthcare Transformers dinner ... on May 10, 2017. The dinner followed a ... "beyond the pill."  "Innovation goes beyond invention," ...
(Date:5/10/2017)... May 10, 2017 Hologic, Inc. (Nasdaq: ... for the fiscal second quarter ended April 1, 2017 ... $1.84 increased 666.7% compared to the prior year period ... in a significant gain, while non-GAAP diluted EPS of ... or 3.8% in constant currency terms.  Excluding the effects ...
(Date:5/10/2017)... GLEN BURNIE, Md. , May 10, 2017 /PRNewswire/ ... and retention solutions for the clinical research industry, is ... website, www.CSSiEnroll.com . The new website features both ... better overall user experience and enhances the company,s already ... in the industry. "After many months ...
Breaking Medicine Technology: