/UCW/ ONTARIO, CA – Kiwa Bio-Tech Products Group Corporation (OTCQB:KWBT) (“Kiwa Bio-Tech” or the “Company”), an environmentally friendly Company that promotes harmless agriculture in the Country of China and specializes in the manufacturing of biological organic fertilizers, announced today that the Company has launched a joint venture with Zhongshi’an Agricultural Science & Technology Co., Ltd and Xintaitianyi Financial Service and Science & Technology Co., Ltd.
The joint venture name is Inner Mongolia Jingnong Investment Management Co. Ltd (“Jingnong”). Kiwa Bio-Tech is a 40% partner in the venture, which will have an initial capitalization of approximately $1.5 million. Jingnong will invest in the expansion of Kiwa’s existing production base in Shandong Province and in the construction of 3 new manufacturing bases of Kiwa in Inner Mongolia Province, Xinjiang Province, and Guizhou Province.
Kiwa’s CEO Yvonne Wang stated, “As a main part of the cooperation between Kiwa and the China Agricultural Products Processing Industry Development Association, the establishment of the new Joint Venture is a great achievement in the history of Kiwa. The formation of Jingnong will certainly help to expand our business much quicker throughout the Country of China.”
About Kiwa Bio-Tech Products Group Corporation
The Leader in China’s Harmless Agriculture Industry Chain
Kiwa Bio-Tech Products Group Corporation researches, develops, manufactures, markets, and distributes innovative, cost-effective and environmentally safe bio-technological products for agricultural and environmental conservation. The Company’s products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes.
Kiwa is dedicated to eco-agricultural development and environmental control by developing, producing, and selling bio-technological products with high technology, low-cost, and high productivity to satisfy the growing market demand. Kiwa’s development is creating a standardized and ecologically safe agricultural industry chain platform. The Company’s development effort is based in China, and has gradually expanded to the international market.
Kiwa uses new bio-technological skills at its core, with organic, ecologically sound, and “green” practices as its theme. The Company strives for customer satisfaction and continued development. Kiwa is dedicated to making food safer, further developing eco-agriculture and upholding a responsibility of contributing to China’s agricultural safety, food safety, and a healthy lifestyle.
For more information on Kiwa and its products, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission, available for free at www.sec.gov.
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 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.
Kiwa Bio-Tech Products Group Corporation