CLAREMONT, CA--(Marketwired - Feb 5, 2016) - Kiwa Bio-Tech Products Group Corporation (OTC PINK: 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, 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.”
About Kiwa Bio-Tech Products Group Corporation
We develop, manufacture, distribute and market innovative, cost-effective and eco-friendly bio-technological products for agriculture. Our main product groups are bio-fertilizer, biologically enhanced livestock feed. Our 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. Our businesses include bio-fertilizer and bio-enhanced feed.
Kiwa’s strategy is to implement increased visibility for marketing Kiwa’s current bio-fertilizer products, together with the development of a “green agriculture” safe food platform in China. Our goal is to build market penetration for our Kiwa brand in China’s trillion dollar “green” agricultural produce market.
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
