BEIJING and CLAREMONT, Calif., Oct. 3 /Xinhua-PRNewswire/ -- Kiwa
Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) today announced that the Tianjin Kiwa Feed Limited Liability Company, located in Wuqing District in Tianjin, shipped 2,700 tons of animal feed during the month of September.
Mr. Wei Li, Chairman and CEO of Kiwa, stated, "We are pleased with the growth in volume of Kiwa's bio-feed products to approximately 7,550 tons during the third quarter compared to approximately 5,000 for the first two quarters of the year. We anticipate continued growth of the feed products will be complemented by sales of organic fertilizers from the Shandong factory."
Kiwa recently announced that:
-- it had completed the first stage of upgrading the manufacturing
facility for its fertilizer products,
-- had registered products with the Shandong Provincial Soil and
Fertilizer Station and
-- had six products certified as organic by the China Green Food
Association of the Agriculture Ministry
Tianjin Kiwa Feed is jointly owned by Kiwa and Tianjin Challenge Feed Co.Tianjin Challenge Feed Co.is partially owned by and has built a large sales network, in part, due to its relations with China Challenge Group. Its products are sold in Shandong, North China and Northeast China.
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'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 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.
