BEIJING and CLAREMONT, Calif., Feb. 27 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (OTC Bulletin Board: KWBT) announced that Kiwa is being considered as a supplier of bio-fertilizers for the vegetable farms selected to supply the Olympic Village and hotels during the 2008 Olympics. Kiwa also announced that Wei Li, Chairman of the Board and CEO of the Company, would participate in an interview with WallSt.net March 5, 2008.
A vegetable planting-base administrated by Beijing Lufulong Vegetable Corp. was designated for the Beijing 2008 Olympic Games Vegetable Planting-Base by the Organizing Committee for the Games. The vegetable-planting base will be in charge of supplying vegetables to the Olympic Village and hotels during the Beijing 2008 Olympic Games.
From Feb. 22 to Feb. 25, the CEO of Kiwa, Mr. Wei Li; the General Manager of Kiwa Shangdong, Mr. Yunlong Zhang; and the Director of Kiwa-CAU R&D Center and Professor of China Agricultural University, Prof. Qi Wang were invited to examine the farms in Yanqing County designated for growing vegetables for the Olympics. Subsequently, three of Kiwa's fertilizer products including refined organic fertilizer were selected for field tests in the 30 vegetable planting greenhouses of Beijing Yanqing Vegetable Farms. According to the planting test schedule results will come out around Mar. 15.
The Director of Kiwa-CAU R&D Center and Professor of China Agricultural University, Prof. Qi Wang stated, "Based on the specifics for growing vegetables for visitors to the Olympic, we believe Kiwa's products are in a strong competitive position in terms of both effectiveness and price. We are confident that our products will be accepted by Beijing Yanqing Vegetable Farms' management and will become the Beijing Olympic Games Vegetable Planting Base specified products." Once Kiwa's products are approved for growing vegetables for the Olympics it is expected that their use will be promoted for the much larger vegetable growing areas of Beijing Yanqing Beijing Lu Fu Long Vegetable Corp.
The WallSt.net interview will cover the company's business plan to
report profitable revenue in 2008 and will review:
(1) Expectations for manufacturing and selling 40,000 tons of bio-feeds
(2) Marketing and manufacturing improvements leading to growth of bio-
fertilizer sales in 2008 including the development of a significant
distribution and marketing network
(3) Progress at Kiwa-China Agricultural University R & D Center
(4) Progress since the signing of a Letter of Intent with Shijiazhuang
Huaxing Animal Medicine Co., Ltd. ("Huaxing") in December 2007.
Leading to the acquisition of the factory that produces
pharmaceuticals with GMP (Good Manufacturing Process)
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company has acquired the rights to manufacture and market AF-01 Anti-viral Aerosol Agent for use in preventing (blocking) bird-flu disease in Chinese and international markets. The Company has excellent relations with government authorities in China and has developed several innovative, high margin products, while continuing to grow through internal and external product development. 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. For more information about the Company, please review documents filed with the SEC (http://www.sec.gov) or visit the Company's website at http://www.kiwabiotech.com .
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 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
For more information, please contact:
Kiwa Bio-Tech Products Group Corporation
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|SOURCE Kiwa Bio-Tech Products Group Corporation|
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