Ontario, CA— (June 13, 2018) – Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion food industry is pleased to announce that the Company has started providing agricultural insurance for growers who purchase microbial fertilizers from Kiwa Bio-Tech retail outlet stores in Huyi District, Shaanxi Province. Additionally, the insurance program in the other two retail outlet stores in Tongchuan and Fu County is in process.
Kiwa Bio-Tech’s CEO Ms. Wang states, “The agricultural market in China is one of the largest in the world and by adding insurance to our already successful fertilizer line of products, farmers will be best positioned to work with the Company. The agricultural insurance program is designed to allow farmers lower insurance premiums and higher insured standards.”
Insurance service is an essential part of Kiwa Bio-Tech’s new agricultural industry chain operation “Three-Part Marketing Model”. Currently, Kiwa cooperates with PICC Property And Casualty Co., Ltd Xi’an Branch and Groupama-AVIC Property Insurance Co., Ltd Shaanxi branch to provide agricultural insurance for farmers concerned with natural disasters and general market risk.
At the Kiwa retail stores, Kiwa clients can receive agriculture insurance to meet their needs in the following manners:
- The clients need to purchase Kiwa Bio-Tech’s fertilizer products and meet the requirements of eco-friendly planting and technique standards;
- The clients need to ensure the agricultural crops are growing properly and free of disease before the underwriting;
- The clients are able to mark the farmlands, locations, and the types of fruit trees and fruits.
After submitting the application, the insurance company will inspect the farmlands. Upon approval, the insurance company will underwrite the policy and accept payments directly from the growers.
“Kiwa Bio-Tech is at the forefront of meeting the diverse needs of farmers seeking increased crop production and protecting against any risks associated in the agricultural sector,” added Wang.
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the United States. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemicals that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
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 U.S. 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’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. 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
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