CLAREMONT, CA– (February 5, 2016) – Kiwa Bio-Tech Products Group Corporation (OTC: KWBT) reported today that its China regional agent, Kangtan Gerui (Beijing) Bio-Tech Co., Ltd. (“Gerui”), has launched sales of Kiwa’s fertilizer products in Hunan province from February 2016. This follows an extended period of testing of the products in the province.
Gerui had previously signed an agreement with Hunan Anbang Agricultural Material Chain Co., Ltd. for the marketing of Kiwa fertilizers in Hunan province in September 2015. Pursuant to that agreement, Kiwa’s fertilizer products were tested in Hunan province. Based on the new agreement, after completion of testing, Anbang will start purchases of not less than 500 tons of Kiwa’s fertilizers per month month, with projected annual sales of at least US$3 million per year. Established in 2004, Hunan Anbang A-mop Chain Co., Ltd. is the largest agricultural enterprise in Hunan and a significant dealer in fertilizer products.
Kiwa’s CEO, Mr. Jimmy Zhou stated that “…the introduction of Kiwa’s fertilizer products in Hunan, Hainan, Heilongjiang and other provinces in 2016 is an important step forward for the Company in the implementation of its strategic plan.”
