ONTARIO, CA, July 23, 2018 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion agricultural industry today announced guidance with respect to its projected corporate sales for the first two quarters of 2018.
Kiwa Bio-Tech fertilizer sales reached 73,600 tons in the first two quarters ending June 30, 2018. This sales amount is nearly equal to the total annual sales of 76,658 tons in 2017.
“In the first half year of 2018, the Company made significant progress across each of our strategic imperatives. We established a subsidiary in Yangling Pilot Free Trade Zone in Shaanxi Province and we have gained policy and material support from the Management Committee of the Free Trade Zone. We have advanced our core technology to KETS and transformed our approach to research and development by establishing a Kiwa-Yangling Ecological Agriculture and Environmental Research Center. We have launched a ‘Three-Part Marketing Model’ including establishing retail outlet stores, promoting eco-friendly microbial fertilizers, and buy-back of agricultural products. As of this date, four retail outlet stores have been opened and are contributing added revenues from fertilizer sales. This month, we have commenced our fresh produce buy-back program,” stated Kiwa Bio-Tech’s CEO, Ms. Yvonne Wang.
“Our aggressive marketing strategy has shown itself to be very successful. The Company’s highly-efficient microbial fertilizers continue to achieve a strong reputation among agricultural growers for increasing their crop yields. We expect our sales for the remainder of 2018 to continue to be strong and it is our goal that 2018 will be a record year for the Company, both in terms of sales and profitability. In addition, our management has also considered and is working toward a potential future listing of the Company’s common shares on either Nasdaq or the New York Stock Exchange. We intend to adjust our business strategies to meet the requirements of these two markets,” added Ms. Wang.
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the United States. 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 chemicals 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 www.sec.gov.
Forward-Looking Statements
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.