Yangling, Shaanxi, China, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agriculture technology company that develops and manufactures microbial fertilizers in China is pleased to announce that the Company has signed a three-party strategic cooperation agreement with Yangling Living Green Agriculture Development Co., Ltd. (hereafter as “Living Green”), and Shenzhen Huaguoshan “Fruits Mountain” Technology Co., Ltd. (hereafter as “Fruits Mountain”). Pursuant to the agreement, the strategic cooperation is focused on promoting Kiwa Bio-Tech’s microbial fertilizers to the regional supreme grade fruits growers, increasing the fruits’ quality and quantity and raising the economic returns for fruits growers. Fruits Mountain will become one of the major fruits distribution platforms for the growers who use the Company’s microbial fertilizers.
Shenzhen Huaguoshan “Fruits Mountain” Technology Co., Ltd is a leading Fruits Supply Chain and Supply Chain Technology Company in China. In 2017, Fruits Mountain sold approximately $70 million dollars of supreme quality fruits. Fruits Mountain’s revenues have increased more than 10 times over the past three years, which has made it one of the fastest growing companies in the supreme grade fruits distribution industry in China. Fruits Mountain has successfully integrated its online and offline fruits supply chains and flat marketing model, which benefit both fruits growers and the end consumers the most throughout the nation.
Yangling Living Green Agriculture Development Co., Ltd. is a high-quality agricultural products sales company that has had a long-term cooperative relation with Kiwa Bio-Tech. Kiwa Bio-Tech has set up 4 retail outlet stores in the supreme grade fruits planting areas, covering approximately 233,333 hectares of farmlands with approximately $412 million USD fruits supply annually. By Fruits Mountain’s joining, now the retail outlet stores not only promote and sell Kiwa Bio-Tech’s bio-fertilizers, but also purchase back the supreme grade fruits from the growers that use Kiwa’s fertilizers and better sell those high grade fruits to the domestic market in China.
Yangling is currently the only Agricultural Free Trade Zone in China. It is also the first Agricultural High-Tech Industrial Demonstration Zone in China. There are over 300 planting bases covering approximately 4.4 million hectares of farmlands in Yangling, which will demand over $3.6 billion USD chemical fertilizers and $7.8 billon USD microbial fertilizers every year. Kiwa Bio-Tech will significantly tap this fertilizer market in the next several years.
Kiwa Bio-Tech’s CEO Ms. Yvonne Wang states, “Relying upon Fruits Mountain’s well established national online and offline market channels, we believe that we will be able to support the growers who have purchased our fertilizers in the sale of their supreme quality fruits, which should also support increasing their income.”
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 Yangling, Shanxi, 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 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.