Ontario, CA— (July 5, 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 agricultural industry is pleased to announce that the Company’s retail outlet store in Zhouzhi County acquired for future sale over 260,000 pounds from the local plum growers who previously purchased Kiwa Bio-Tech’s microbial fertilizers.
The Company’s packing operations sort and box the fruits based on Kiwa Bio-Tech’s agricultural products standards. The fresh plums will now be sold across China through existing distribution channels.
The total sales of the plums are expected to be $74,000 USD (approximately RMB 500,000 yuan). Additionally, by the end of July 2018, Kiwa Bio-tech is expecting to acquire an additional 200,000 pounds of fresh grown plums for future sale in China.
Kiwa Bio-Tech’s CEO Ms. Wang states, “The fresh produce buy-back program means that our ‘Three-Part Marketing Model’ is now fully operational. Since the fourth quarter of 2017, we started establishing retail outlet stores for promotion, education and sale of our fertilizers to local growers, and then upon completion of the growing cycle, Kiwa Bio-Tech purchases their fresh produce for further distribution throughout China, thus completing our “Three-Part Marketing Model”.
“With the completion of plum marketing activity, we provide a proven model to apply to the other agricultural products. Our retail outlet stores in Fu County, Hu County, Tongchuan City. Kiwa Bio-Tech will start buying back grapes, kiwi, apple, and the other fruits,” added Wang.
The execution of the marketing model also contributes to the development of Kiwa Bio-Tech Eco-friendly agricultural industry chain. The technicians from the retail outlet store detect if there are pesticides and heavy metal residues in the samples. Only the ones meet the Eco-friendly standards will be sold in the market.
After the harvest of the plums, the growers need to instantly purchase and apply base microbial fertilizers to ensure the fertility of the orchard soil next year. The Company’s technicians will also provide technical support to guide the application of the fertilizer products. In addition, the Company’s supply chain financial model will also provide financial services and insurance products to enhance the growers’ ability to deal with any natural and market risks.
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.
Forward-Looking Statements
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
Contact:
Kiwa Bio-Tech Products Group Corporation
Molly Han
Investor & Media Relations
Tel: 909-456-8828
