Navigation Links
Winner Medical's Shenzhen Subsidiary Obtained High and New Technology Enterprise Certificate
Date:9/11/2009

SHENZHEN, China, Sept. 11 /PRNewswire-Asia/ -- Winner Medical Group Inc. (OTC Bulletin Board: WMDG; "Winner Medical", or the "Company"), a leading exporter of medical dressings and medical disposables in China, announced today that its subsidiary, Winner Industries (Shenzhen) Co., Ltd., or "Winner Shenzhen", obtained the High and New Technology Enterprise Certificate granted by the Ministry of Science and Technology of China, the Ministry of Finance and the State Administration of Taxation.

As a result of this new status, which will be reevaluated by Chinese government authorities every three years, Winner Shenzhen will enjoy a 15% corporate income tax rate for calendar years 2009, 2010 and 2011. Currently, Winner Shenzhen contributes to approximately 80% of the Company's consolidated net profit. Before receiving this certificate, the Company was subject to the new PRC Enterprise Income Tax Law, effective on January 1, 2008, which gives existing foreign investment enterprises a five-year grandfather period, with an income tax rate of 18% in 2008 for enterprises located in Shenzhen, which will increase to 20%, 22%, and 24% in years 2009, 2010, and 2011 respectively, reaching 25% in 2012 and thereafter.

Mr. Jianquan Li, President and Chief Executive Officer of Winner Medical commented, "The recognition of the High and New Technology Enterprise Certificate reflects our continued strength and progress in fundamental areas such as research and development and product commercialization. As a high technology enterprise, Winner Medical benefits substantially from this status in reducing our expenses and increasing our profits. We are very pleased to be granted this esteemed certificate and are well positioned to continue to build shareholder value."

About Winner Medical

Winner Medical is a leading manufacturer in the medical dressing industry (medical and wound care products) in China. Headquartered in Shenzhen, the Company has seven wholly owned operating subsidiaries, four joint-ventures and over 5,000 employees. The Company engages in the manufacture, 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, visit Winner Medical's web site 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.

    Investor Relations Contacts:
     Peng Zhai
     Assistant Manager, Investor Relations
     Winner Medical Group Inc.
     Tel:   +86-755-2806-6858
     Email: investors@winnermedical.com

'/>"/>
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:8/22/2017)... NASHVILLE, Tenn. (PRWEB) , ... August 22, 2017 ... ... Company, is pleased to announce the addition of Zack Tisch as the ... services for the KLAS-ranked healthcare IT consulting firm’s national accounts, from assisting clients ...
(Date:8/22/2017)... ... August 22, 2017 , ... “To Walk Away”: ... a B17 bomber named Edward Koontz. “To Walk Away” is the creation of published ... has published over two hundred manuscripts in chemistry and religion, as well as four ...
(Date:8/22/2017)... ... August 22, 2017 , ... John Stewart ... and Managing Member for t4 Leadership Development & Consulting. He has spent his ... of “success”: physician leadership development, servant leadership, data driven process improvement, and supportive ...
(Date:8/21/2017)... ... August 22, 2017 , ... ... without risk to health and safety. By learning and implementing best practices for ... , In this webinar, attendees will gain a better understanding of a method ...
(Date:8/21/2017)... ... 2017 , ... Five chefs from local senior assisted living homes will serve ... Guests will be able to vote for their favorite Chef among the following: , ... Salad, Feta Cheese Sauce & Garlic Pita Crisp, Greek Mountain Ice Tea , ITALY, ...
Breaking Medicine News(10 mins):
(Date:8/10/2017)... LAKEWOOD, Colo. , Aug. 10, 2017  Physical Rehabilitation ... Therapy, located in Lakewood, Colorado . The ... Jeff Lipkin , PT, DPT with his staff of ... the University of Pittsburgh and brings over 10 years of ... Belmar PT marks the 10th PRN clinic ...
(Date:8/8/2017)...   Second-quarter 2017 ... loss per share from continuing operations ... 16 percent to $110 million ... to $161 million Second-quarter ... operations increased 8 percent to $0.93 ...
(Date:8/7/2017)... Ind. , Aug. 7, 2017 Zimmer Biomet ... musculoskeletal healthcare, today announced that its Board of Directors has ... for the third quarter of 2017. ... be paid on or about October 27, 2017 to stockholders ... 22, 2017.  Future declarations of dividends are subject to approval ...
Breaking Medicine Technology: