Yangling, Shaanxi, March 25, 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 sells bio-fertilizers is pleased to announce that the Company signed a contract with the Agricultural Bureau of Dinghu District, Zhaoqing City, Guangdong Province for the successful bid of the project of Zhaoqing Dinghu Modern Agricultural Industrial Park.
On March 21, the signing ceremony of the government procurement project in the planning and project production and operation plan of Dinghu Modern Agricultural Industrial Park was held in the Agricultural Bureau of Dinghu District, Zhaoqing City, Guangdong Province. Mr. Jun Ye, Director of Investment Management Center of Kiwa Bio-Tech (Yangling) Co., Ltd., Mr. Ruiquan Xiong, Deputy General Manager & Senior Agricultural Economist of the Institute of Agricultural Economics and Rural Development of the Guangdong Academy of Agricultural Sciences, and Mr. Wei Qiu, Director of the Agricultural Bureau of Dinghu District, attended the ceremony and signed the contract on behalf of the three parties.
The project of the Dinghu Modern Agricultural Industrial Park covers an area of approximately 5,994 hectares including Shapu Town, Yong’an Town, Lianhua Town and Guangli Street under the jurisdiction of Dinghu District. The signing of the contract not only marks the recognition of Kiwa’s microbial core technology and eco-friendly agricultural marketing model by the Guangdong provincial government, but also marks the extension of Kiwa’s microbial technology application from the very mature planting industry to the multi-billion dollar aquaculture industry.
According to the requirements of the Agricultural Bureau of Dinghu District and the production and operation plan of the project of Dinghu Modern Agricultural Industrial Park compiled in the bidding documents, Kiwa Bio-Tech will continue to participate in the investment, construction, production and operation of the project after completing the overall planning of the park as required in the tender.
Kiwa’s Water Purification & Water-Cleaning Bacteria, Boutique Spores and Duolijunbao products have the functions of purifying and optimizing water quality, regulating microorganisms, and preventing diseases and promoting growth of aquatic products. During the implementation of the project of Dinghu Modern Agricultural Industrial Park, Kiwa will strive to build a “Modern Agricultural Industrial Park with the whole industrial chain of eco-friendly aquatic products” by providing a new model of eco-friendly aquaculture for the aquaculture industry in Dinghu District.
Mr. Yu, the General Manager of Operation Center, states that “Kiwa’s microbial core technology and new products will not only provide scientific and reasonable implementation plans for the aquaculture industry of Dinghu District, but also provide strong support for the healthy development of the national aquaculture industry.”
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, 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 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.
Contact:
Kiwa Bio-Tech Products Group Corporation
ir@kiwabiotech.com