Ontario, CA, Sept. 10, 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 that the Company has signed a strategic cooperation agreement with Techand Ecology & Environment Co., LTD (“Techand”). Pursuant to the agreement, Kiwa Bio-Tech will cooperate with Techand to develop an integrated planting and breeding program in Tianshui City, Gansu Province.
In 2017, the Ministry of Finance of China launched budget appropriation for capital construction investment for supporting the development of an integrated planting and breeding program. In June 2018, the Ministry of Agriculture and Rural Affairs of China and the Ministry of Finance of China further provided further promotion of green agriculture, including programs and policy interpretation and financial support.
Kiwa Bio-Tech’s CEO Ms. Wang states, “The government of China provides significant financial support and vigorously promotes the integration of farming and breeding programs in rural areas, aiming to further develop green agriculture, restore the farmland and alleviate rural poverty by focusing on utilizing the wastes of breeding and planting industry. Kiwa Bio-Tech is currently in a lead position to provide eco-friendly planting techniques and fertilizer utilization methods, which will contribute to the development of the program. Kiwa Bio-Tech and Techand anticipate enhancing local farmers’ income.”
For Gansu Province, the investment budget is up to 34,300,000 RMB (approximately $ 5 million dollars). The integrated planting and breeding program is an ecological agricultural model. In accordance with the model, the wastes and by-products generated from the breeding industry can be utilized as the sources of fertilizers, and the planting industry provides fodders for livestock and poultry breeding industry.
“Kiwa Bio-Tech is establishing the eco-friendly agricultural manufacturing base and operational headquarters in Yangling Free Trade Zone, to develop the integrated planting and breeding program and to also open up the market in Gansu province. The cooperation with Techand provides an excellent opportunity for Kiwa Bio-Tech to upgrade its soil restoration techniques and further its strategic cooperative initiatives with respect to eco-environmental protection and eco-friendly agriculture,” added Wang.
About Techand Ecology & Environment Co., LTD
Established in 2001 and listed in Shenzhen Stock Exchange in 2011, Techand Ecology & Environment Co., LTD’s main business line covers eco-environment protection, ecological landscape, and ecotourism. As a national level high-tech corporation and a key player in ecological and environmental engineering industry. Techand Ecology & Environment Co., LTD provides comprehensive solutions for the clients in the fields of contaminated soil remediation, water ecological restoration, environmental protection and energy conservation as well as resource recycling.
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.