Ontario, CA– (July 25, 2017) – Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a Company focused on eco- friendly bio-based fertilizers promoting soil health, announced its operating results for the second quarter of 2017.
The Company reported sales for the three months ended June 30, 2017 were 25,500 tons of fertilizer products, including 17,000 tons of biological organic fertilizer and 8,500 tons of microbial compound fertilizer.
To meet the needs of marketing, Kiwa recently established a sales center for the South China region, including Guangdong, Guangxi, Yunnan and Fujian provinces. The four provinces are the major economic crop producing areas in China and represent a significant demand for biological fertilizer products. In Fujian province, the three principal cash crops are tea, tobacco and oranges. The tea-planting region covers an area of approximately 3,320,000 mu (221,333 hectares) and the tobacco and orange planting areas have cover approximate 770,000 mu (51,333 hectares) and 2,557,498 mu (170,500 hectares) respectively. In Guangxi province, Kiwa’s bio-fertilizer products can be applied on cash crops such as dimocarpus longan (which is from the same family as lychee). In addition, the rubber planting area in Yunnan province exceeds 6,900,000 mu (460,000 hectares). Kiwa’s expanded
sales team has started to discuss a cooperative venture with 21 dealers across the four
provinces.
“The biological organic fertilizer market continues to grow in China, resulting a supportive market environment for the Company. We expect greater consumption trends in key markets to support bio-fertilizer demand, which we expect will support our operating results through the reminder of 2017,” said Kiwa CEO Yvonne Wang.
