ONTARIO, CA, June 04, 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 food industry is pleased to announce that the Company was designated to the Counsel Unit of the Yangling Soil Improvement and Remediation Technical Industry Alliance (“Alliance”). Founded in March 2018, the Alliance is an ad hoc organization under the supervision of Administrative Committee of Yangling Free Trade Zone. The objective is to establish national level soil improvement and remediation standards and promote the collaborative development of all companies in the soil improvement and remediation industry chain in Mainland China.
Over nineteen percent (19%) of the arable land in China is presently contaminated in some manner. According to a sector study on environmental services from Asia-Pacific Economic Cooperation, the cost estimates to decontaminate this farmland ranges from 5 to 7 trillion Yuan (approximately US$ 740 billion to US$ 1.03 trillion) upon the implementation of the Soil Pollution Prevention and Control Action Plan that was released by the government in 2016. As a result, the plan fuels a significant soil restoration market in Mainland China.
As the Counsel Unit, Kiwa Bio-Tech will provide technical support and work with the Alliance to standardize the soil improvement and remediation industry. The Company’s KETS smart-soil technology contributes to increasing organic matter and improving the soil granular structure, which alleviates the soil hardening and soil acidification. The KETS compound microbial flora in the fertilizer products can also degrade heavy metal contamination and pesticide residues in the soil. As a part of this work, Kiwa Bio-Tech will establish the Yangling Kiwa Bio-Tech Research Institute for Ecological Agriculture and Environment (“Research Institute”). The Research Institute will create a platform on which scholars and researchers from the environmental protection field and soil restoration field from prestigious Universities can work together to improve soil quality, develop green agriculture, and provide safe food.
Kiwa Bio-Tech’s CEO, Ms. Wang, states, “Healthy agricultural products can only grow on healthy soil. Environmental protection is a long-term task and soil remediation is an immediate priority. Kiwa Bio-Tech has invested 18 years of effort in this field. The Company seeks to fulfill the goal of establishing eco-friendly agricultural industry chain on the Alliance’s platform.”
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 the multi-billion dollar agricultural industry. Kiwa’s focus is to positively impact the environment by reducing the amount of chemicals that are being used by agricultural growers in China.
KWBT’s 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 Corporation 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.