omniture

Kiwa Bio-Tech Signs RMB 150 Million (US$21+ million) Fertilizer Contract

BEIJING and CLAREMONT, Calif., July 29 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announces that Kiwa Bio-Tech Products (Shandong) Co., Ltd. (Kiwa Shandong) signed fertilizer sales contracts totaling RMB 150 million (over US$21 million) with Jilin Tianma Science & Technology of Agriculture Co., Ltd. and other distributors. Delivery of products under these contracts will be carried out from August 2008 through March 2009.

Prior to entering into these Agreements, Kiwa Shandong has received approval from the Ministry of Commerce of PRC for wholesaling other companies' fertilizer products; updated its business registration; and filed for exemption from VAT, under applicable Chinese laws and regulations. The Company has also entered into purchase contracts with Jiangsu Zhongdong Group for relevant fertilizer products.

Kiwa Shandong has recently adjusted its product mix in cooperation with Jiangsu Zhongdong Fertilizer Group with a focus on developing new compound bio-fertilizers. Kiwa Shandong is also continuing to develop new organic fertilizers to meet customer demand and is expected to introduce new

bio-fertilizer products for sale in the Chinese fertilizer markets by the end of 2008. Starting in June 2008, Kiwa has been working closely with Jiangsu Zhongdong Group Co., Ltd. ("Zhongdong") to develop and market products. This announcement reflects contracts signed as part of previously announced sales expectations of US$10,000,000 in the next six months.

Mr. Wei Li, CEO and Chairman of the Company, stated, "We are pleased by the number of new customers and very large contracts signed at the end of June 2008. Delivery of these fertilizer products and recognition of revenues will begin in and significantly raise revenues in the third quarter. While second quarter revenues will be improved they will not reflect the significant rapid growth we expect in the second half of 2008."

Mr. Li added, "Importantly, these agreements will also promote development of Kiwa's bio-fertilizer distribution networks by building strategic alliances with large traditional chemical fertilizer dealers. We expect that distributing other companies' fertilizer products will be a driver of Kiwa's sales revenue. The Company is now applying itself to adjusting its product mix, developing compound fertilizers and other new fertilizer products through cooperation with Jiangsu Zhongdong Group. It is expected that before the end of 2008, part of the Agreements will be executed with newly developed products."

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 (www.sec.gov) or visit the Company's website at http://www.kiwabiotech.com .

To see a English language video related to Kiwa's AF-01 anti-viral preventative for avian flu: http://video.google.com/videosearch?q=bird+flu+kiwa&sitesearch=# or http://www.youtube.com/watch?v=WF_9TTX_fSA; http://www.youtube.com/watch?v=XG0gl9okjic

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.

For more information, please contact:

Yvonne Wang

Kiwa Bio-Tech Products Group Corporation

Tel: +1-626-715-5855

Email: kiwabiotech@gmail.com

Robert Schechter

Equity Communications

Tel: +1-212-499-6809

Email: ir4kiwa@hotmail.com

Source: Kiwa Bio-Tech Products Group Corporation
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