World News: 11:30 GMT Wednesday 15th May 2019. [Kiwa Bio-Tech Products Group Corp. via Globe Newswire via SPi World News]
Yangling, Shaanxi, May 15, 2019 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agricultural company that develops, manufactures and markets bio-fertilizers for use in the multi-billion China agriculture and aquaculture markets is pleased to announce that the Company has reported positive financial results for the first quarter of 2019 ending March 31.
Yvonne Wang, Chief Executive Officer (CEO) of Kiwa Bio-Tech, stated, “The Chinese Government is continuously promoting a green environment and implementation of quality standards and environmentally sensitive policies in the Agricultural industry. As a result, we expect our revenues from our innovative and highly effective products. We believe that Kiwa’s Compound Microbial Fertilizer, Bio-Water Soluble Fertilizer and Microbial Inoculum Fertilizer will continue to grow in a higher rate than Biological Organic Fertilizer being used in the market. Our Compound Microbial Fertilizer, Bio-Water Soluble Fertilizer, Microbial Inoculum Fertilizer and other new product series generally result in higher crop productivity and promotion of a green environment. We are also very excited that our marketing team is expanding its scope to include the Western areas of China.”
For further information, please see the Company's Quarterly Report on Form 10-Q at www.sec.gov, which the Company filed on May 15, 2019.
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the Yangling, Shaanxi, China. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group Corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at .
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’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. 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.
Contact:Kiwa Bio-Tech Products Group Corporation
Globe Newswire: 11:30 GMT Wednesday 15th May 2019
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