CLAREMONT, Calif., Jan. 20, 2016 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (“KWBT”) (OTCBB:KWBT) has joined with Beijing Living Green Agricultural Technology Co., Ltd. (“Living Green”) to sign a strategic cooperation agreement with Beijing Community Service Association, an agency of the Beijing Municipal Government (the “Association”).
As suppliers of safe agricultural products to the Association, Kiwa and Living Green will adopt various methods to supply safely planted agricultural products to the stores of the Association using fertilizers produced by Kiwa in Hebei Province, Hainan Province, Xinjiang, Shandong Province, Inner Mongolia and Hunan Province. Kiwa had established a cooperative relationship with Living Green in Beijing several years ago. According to the requirements of China’s food safety management, microbial fertilizers and biological fertilizers shall be used to replace chemical fertilizers to assure safe planting of agricultural products so as to reduce various hazardous residuals in agricultural products and to provide consumers with safe and healthy agricultural products. Various microbial fertilizer products researched and produced by Kiwa fit the specifications required by the Chinese government. Through its association with Living Green, the Company in communities in Beijing, Kiwa’s fertilizer products will be broadly used in nearly 200 national agricultural production locations in China. The Company believes that this will result in significant growth in Kiwa’s fertilizer sales in this area. Cooperative ventures such as the collaboration with Living Green are consistent with Kiwa’s new development strategy. In the future, Kiwa will seek to enhance its collaboration with Living Green.
Mr. Jimmy Zhou, Kiwa’s CEO, said: “This development is consistent with Kiwa’s new strategy of enhancing its existing fertilizer and agricultural product business. The cooperation with Beijing Community Service Association at this time symbolizes the Company’s entry into the provision of its fertilizer products into the government market, which should provide the Company with increasing development opportunities.”
About Kiwa Bio-Tech Products Group Corporation
We develop, manufacture, distribute and market innovative, cost-effective and eco-friendly bio-technological products for agriculture. Our main product groups are bio-fertilizer, biologically enhanced livestock feed. Our 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. Our businesses include bio-fertilizer and bio-enhanced feed.
Kiwa’s strategy is to implement increased visibility for marketing Kiwa’s current bio-fertilizer products, together with the development of a “green agriculture” safe food platform in China. Our goal is to build market penetration for our Kiwa brand in China’s trillion dollar “green” agricultural produce market.
For more information on Kiwa and its products, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission, available for free at www.sec.gov
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 U.S. 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.