BEIJING and CLAREMONT, Calif., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) announced that it has informed holders of existing convertible notes that it will not be redeeming the convertible notes on October 31 as announced on September 29. Kiwa's proposed new financing has been suspended by the potential investor due to the world economic crisis.
