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Winner Medical Group Inc. Announces Exercise of Over-Allotment Option Bringing Aggregate Net Proceeds of the Public Offering to $8.8 Million
Date:5/19/2010

SHENZHEN, China, May 19 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or the "Company"), a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton(R) materials for the medical and consumer products industries, announced today that in connection with the previously announced public offering of 1,380,000 shares of the Company's common stock, par value $0.001 per share, Roth Capital Partners, LLC, as representative of the several underwriters, exercised the over-allotment option in full granted under the purchase agreement, dated April 27, 2010, and the underwriters purchased 207,000 additional shares of common stock of the Company at the public offering price of $6.10 per share.

A total of 1,587,000 shares of common stock were issued in connection with this offering and over-allotment exercise. After deducting underwriting discounts and commissions and other estimated offering expenses, Winner Medical received aggregate net proceeds of approximately $8.8 million from the public offering, including net proceeds received from the over-allotment exercise. Winner Medical intends to use the net proceeds from this offering to expand the production capacity of its PurCotton(R) product line and for general corporate and working capital purposes.

The shares were offered and sold under the Company's existing shelf registration statement on form S-3, which was declared effective by the Securities and Exchange Commission (the "SEC") on March 18, 2010. Copies of the fina
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