CLAREMONT, CA– (April 5, 2017) – Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa” or the “Company”), a Company focused on eco-friendly bio- based fertilizers promoting soil health, is pleased to announce its operating results for the first Quarter of 2017. As of March 31, 2017, Kiwa sold 16,820 tons of fertilizer products which exceeded its original 1st quarter projections.
Company sales included 15,300 tons of bio-organic fertilizer and 1,520 tons of compound microbial special fertilizer. These results were 12% higher than the company’s first quarter projections.
Mr. Xiaoqiang Yu, director of marketing stated, “In the first quarter, the company focused on the vegetable and fruit sales markets of cultivation bases. Since the government has put a higher effort on supervising the safety planting of agricultural products, there is a very large sales performance promotion regarding Kiwa’s fertilizer products in the next three quarters of 2017.”
Through combining Kiwa’s original strain technology with ETS technology, Kiwa has developed the compound microbial fertilizer products, which can alleviate harden soil, and reduce crop heavy metal residues during the planting of vegetables, tea and other crops.
Mr. Yonglin Song, Kiwa Bio-Tech director stated “Kiwa will continue to use the opportunity of cooperating with ETS to develop a series of products for soil remediation, and to increase the variety of products for sale in the next three quarters.”