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Kiwa Bio-Tech To Receive $15 Million For Soil Restoration In China

/EIN News/ -- Ontario, CA, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (OTCQB: KWBT) (“Kiwa Bio-Tech” or the “Company”), a manufacturer of eco-friendly biological fertilizers promoting safe agriculture practices, announced today that the Company has signed a five-year strategic cooperation agreement with the Yintai Bureau of Fruit Industry of Shaanxi Province (“Yintai Bureau”).

Under the agreement, Kiwa Bio-Tech will be granted for ¥100 million yuan (approximately US$15.81 million) by the Jingnong Public Welfare Foundation to restore polluted soil in Yintai District.

Under this cooperative venture, the parties intend to establish an eco-friendly fruit production base covering a total of 30,000 mu (approximately 2,000 hectares) in Yintai district, Shaanxi Province. In addition, pursuant to the agreement, a Kiwa Bio-Tech Tongchuan Retail Outlet Store in Yintai District will be opened to establish channels to introduce Yintai fruit products into high-end markets and the international market.  Kiwa Bio-Tech believes that this will facilitate the strategic adaptation of the fruit industry in Yintai, which in turn will increase the income of the local farmers. 

About Kiwa Bio-Tech Products Group Corporation

Leader in Harmless Agricultural Industry Chain

Kiwa Bio-Tech Products Group Corporation develops, manufactures, distributes, and markets innovative, cost-effective and environmentally safe bio-technological products for agricultural and environmental conservation. The Company's products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes.

Kiwa is dedicated to eco-agricultural development and environmental control by developing, producing, and selling bio-technological products with high technology, low-cost, and high productivity to satisfy the growing market demand. Kiwa’s development is creating a standardized and ecologically safe agricultural industry chain platform. The Company’s development effort is based in China, and has gradually expanded to the international market.

Kiwa uses new bio-technological skills at its core, with organic, ecologically sound, and “green” practices as its theme. The Company strives for customer satisfaction and continued development. Kiwa is dedicated to making safe food, further developing eco-agriculture and upholding a responsibility of contributing to China’s agricultural safety, food safety, and a healthy lifestyle. For more information on Kiwa and its products, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission, available for free 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 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 INFORMATION
                    
                    CONTACT:
                    
                    Kiwa Bio-Tech Products Group Corporation
                    
                    Molly Han
                    
                    Investor & Media Relations
                    
                    molly@kiwabiotech.com

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