Certainly.
The term ‘sulfites’ (I often spell it wrong) is a term for sulfur dioxide (SO2). SO2 (in the form of potassium metabisulfite) is a preservative and widely used in winemaking (and indeed most food industries), because of its antioxidant and antibacterial properties. SO2 plays a very important role in maintaining a wine’s freshness by preventing oxydization. It is also used as a sanitizer for wine making equipment.
"Sorbate" refers to potassium sorbate is used to prevent spoilage by yeasts and molds in a finished wine. It does this by rendering these micro-organisms unable to reproduce. It does not kill them! It is added to wines that have completed fermentation to prevent spoilage but also to prevent further fermentation of sugars added after fermentation such as when you back sweeten a wine. Usually you wouldn’t add potassium sorbate to a dry red wine because the sugars have been completely exhausted and the additive is not needed. Potassium sorbate should always be used at the same time with potasium metabisulfite. Together they make for a rather inhospitable place for micro organisms. The sulfites from potassium metabisulfite removes the oxygen from your wine to prevent micro-organisms from getting established while sorbic acid from potassium sorbate renders yeasts and molds unable to reproduce.
If you are making a dry wine, you will not need to add sorbate. You will, however, need to be sure the wine is finished fermenting before you bottle it. This is done with the use of a hydrometer. I would suggest you read some of the great info provided by some of our veteran wine makers. The Beginner's Wine Making Forum section of this web site contains many sticky threads that may answer most of your questions.
Trust me. Do some reading about what you're doing. Even if you never make anything but Welch's wine, you will be making much better Welch's wine.
And if you have any more questions, feel free to ask.