BEIJING and CLAREMONT, Calif., Dec. 19 /Xinhua-PRNewswire/ -- Kiwa
Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced that as of December 19, 2007, local distributors in Xinjiang Uygur Autonomous Region have placed and received orders for 8 tons of "Di Fu Kang (Pu Guang Fu)", as well as 60 tons of Refined Organic Fertilizer. Xinjiang is one of largest agricultural regions of China. This is the first time that Kiwa has sold and shipped these two new products to Xinjiang.
The new products "Di Fu Kang" and Refined Organic Fertilizer were developed by Kiwa Bio-Tech Products (Shandong) Co., Ltd. to meet Xinjiang's soaring local market demands. The production formulas of both products had been developed and strictly tested by Kiwa-CAU R&D Centre at China Agricultural University in Beijing.
According to testing reports issued by Xinjiang Agricultural Administrative Departments, Kiwa's new products have noticeable positive effects when applied on cotton, tomato and fruit crops.
The China Green Food Association also taken a supportive attitude on Kiwa'AAAAploration of the Xinjiang market and is currently in the process of negotiating with Kiwa to promote new products to other market areas under its control.
Mr. Wei Li, Board Chairman and CEO of Kiwa, stated: "The shipment of our new products to Xinjiang serves as a remarkable milestone in Kiwa's efforts of market expansion. Along with our new products' entrance into newly explored markets, such as Hebei, Xinjiang and other local markets, management takes an optimistic view towards Kiwa's bio-fertilizer products' performance during 2008."
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company's products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes. For more information about the Company, please visit the Company's website at http://www.kiwabiotech.com.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
For more information, please contact:
Kiwa Bio-Tech Products Group Corporation
Tel: +1-212-499-6809 or +1-646-234-3624 (direct)