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:10/13/2017)... Shelton, CT (PRWEB) , ... October 13, 2017 , ... ... and long-term care services, staged a mock evacuation of the facility as part of ... Department, Shelton Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well ...
(Date:10/13/2017)... NY (PRWEB) , ... October 13, 2017 , ... Ellevate ... people in business to advocate for action towards gender equality at their inaugural Summit ... from around the globe, and reached a social audience of over 3 million. To ...
(Date:10/13/2017)... ... ... Talented host, actor Rob Lowe, is introducing a segment ... of "Success Files," which is an award-winning educational program broadcasted on PBS Member ... with passion and integrity. , Sciatica occurs when the sciatic nerve in the ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian ... On The Brink” is the creation of published author, William Nowers. Captain Nowers ... a WWII veteran, he spent thirty years in the Navy. Following his career ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest ... its plans to open a flagship location in Covington, LA at 401 N. U.S. ... Go store next to Office Depot in the Holiday Square shopping center. Its location ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017 The Rebound mobile app is poised to ... the tide of prescription drug addiction. The app empowers users ... and stepping down their dosage in a safe, controlled manner ... 2017; the first 100,000 people to sign up will enjoy ... ...
(Date:9/27/2017)... their devotion to personalized service, SMP Pharmacy Solutions announces their ... South Florida Business Journal,s 50 Fastest-Growing Companies, and listed for ... specialty pharmacy has found its niche.  To that end, the ... by SFBJ as the 2017 Power Leader in Health Care. ... award in October, Bardisa said of the three achievements, "It,s ...
(Date:9/25/2017)... R.I. , Sept. 25, 2017  EpiVax, ... assessment, vaccine design, and immune-engineering today announced the ... on the development of personalized therapeutic cancer vaccines. ... has provided exclusive access to enabling technologies to ... Eng., MBA will lead EpiVax Oncology as Chief ...
Breaking Medicine Technology: