BEIJING and CLAREMONT, Calif., May 14 /Xinhua-PRNewswire/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced that based on results of testing of Kiwa's bio-fertilizer product, Beijing Lv Fu Long Vegetable Company will start placing orders for Kiwa Shandong's products in June.
Beijing Yanqing County Planting Industry Service Centre (Beijing Olympic Vegetable Base Management Centre) has completed and issued a formal report on the results of experimentation with Kiwa's bio-fertilizer product - "Di Fu Kang." The experiment report states that Beijing Lv Fu Long Vegetable Company ("Lv Fu Long") has applied Kiwa Bio-Tech Products (Shandong) Co., Ltd.'s ("Kiwa Shandong") bio-fertilizer product, "Di Fu Kang," on to cucumbers in its Yanqing-based greenhouses. The results of the experiment indicated that Di Fu Kang:
-- Has distinct controlling effect on Gray Mould Blight of cucumber fruits.
-- Is capable of increasing the number of cucumber seeds per fruit, and
-- Substantially increases production - by more than 20%.
Mr. Wei Li, Chairman and CEO of Kiwa, stated, "We are negotiating details of orders; it is expected that Lv Fu Long will start placing orders for Kiwa Shandong's products in June. We are pleased to be recognized for this highly visible and honored supply contract."
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 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.
