CLAREMONT, Calif., Feb. 1, 2007 (PRIME NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) announces that it has obtained market admittance in Xinjiang Uygur Autonomous Region and Vietnam for its bio-fertilizer products.
In January, 2007, Kiwa's bio-fertilizer product, PUGUANGFU YIMULING, was acknowledged by the Department of Agriculture in Xinjiang after the application test conducted there. A Registration Filing Certificate (NO.: XNF (2007) NO.009) has been issued. PUGUANGFU YIMULING is the first bio-fertilizer product of Kiwa to be permitted to enter Xinjiang market. In addition, Kiwa has received sales permission (Permission NO.:3478/QD-BNN-TT) for two of its bio-fertilizer products from the Ministry of Agriculture of Vietnam.
Mr. Wei Li, Board Chairman and CEO of Kiwa, said: "We have just finished the most important procedure to enter markets in Xinjiang area and Vietnam. With these two permissions obtained, we are expecting to sign the sales contract with our current distributors in these regions as soon as possible."
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, and 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.
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.