BEIJING and CLAREMONT, Calif., Jan. 22 /Xinhua-PRNewswire/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) has posted a video of portions of the recently completed and announced annual management meetings including year-end business review, planning for 2008 and employee recognition ceremonies.
Highlights include presentations by senior managers:
Mr. Zhang, Director and General Manager of Kiwa Shandong: "We have completed equipment installation and the first phase of bacillus fermentation technology upgrade. Currently, the principal part of the project has been accomplished and we are successfully producing fertilizers."
Mr. Wenbin Li, Vice President of Kiwa Tianjin: "Based on the operational results of 2007, we have set the operating target for 2008. We plan to sell various bio-feeds of 40,000 tons in total, including pig feeds 5,000 tons (about 12.5% of the total amount), feeds for chickens, ducks and other foul of 25,000 tons (about 62.5% of the total amount), fish feeds 5,000 tons (about 12.5% of the total amount) and cow feeds 5,000 tons (about 12.5% of the total amount)."
Prof. Wang, Professor of CAU (China Agricultural University), Director of Kiwa-CAU R & D Center and Director of the Company: "Through 2007, Kiwa-CAU R & D Center has mainly concentrated on the researching and development of bio-fertilizers and bio-feeds."
Mr. Song, Marketing and Sales director of the Company: "Currently, supporting the factory in Shandong, we have constructed a distribution network organization which includes 900 terminals within 4 areas in the south of Hebei. We are also actively negotiating to expand to Neimeng, Jilin, Heilongjiang and Suzhou. These areas basically fit in our distribution network building plan."
Mr. Wei Li, Chairman of the Board and CEO of the Company: "We signed a Letter of Intent with Shijiazhuang Huaxing Animal Medicine Co., Ltd. ("Huaxing") in December, 2007 and now are in the due diligence investigation stage. Along with the acquisition of the factory that produces pharmaceuticals with GMP (Good Manufacturing Process), Kiwa's objective is to offer three main divisions of agricultural products. We expect to realize this objective in the near future."
To see the video please see: http://www.kiwabiotech.com/biaozhany.html
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company has acquired the rights to manufacture and market AF-01 Anti-viral Aerosol Agent for use in preventing (blocking) bird-flu disease in Chinese and international markets. The Company has excellent relations with government authorities in China and has developed several innovative, high margin products, while continuing to grow through internal and external product development. 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. For more information about the Company, please review documents filed with the SEC ( http://www.sec.gov ) or visit the Company's website at http://www.kiwabiotech.com .
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 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.
