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Kiwa Bio-Tech 2nd Quarter Revenues Increase 61.7% to $3 Million, Six Month Revenues Top $5.2 Million
Date:8/11/2008

of cucumber seeds per fruit, and increases production - by more

than 20%. Kiwa's fertilizer was used by the farms supplying the Olympic

games.

-- Also in May, Kiwa announced discussions with Beijing Hai Xin Science

and Technology Co., Ltd. regarding joint product development and

marketing efforts. Hai Xin is a high technology enterprise that

specializes in mineral resource development of nonmetallic clays and

earths in order to enhance the natural functions of the materials. By

combining these earths with organic materials, improved bio-feeds and

bio-fertilizers can be manufactured for farming operations.

-- In June, Kiwa and Jiangsu Zhongdong Fertilizer Group agreed to develop

new compound bio-fertilizers to address the growing Chinese market for

compound bio-fertilizers as an alternative to chemical fertilizers.

Sales volume is expected to be $10,000,000 in next six months.

-- Also in June Kiwa received approval documents from the Ministry of

Commerce of the People's Republic of China, ratifying Kiwa Shandong to

wholesale other companies' fertilizer products, including chemical

fertilizers, complex fertilizers and compound fertilizers. Based on

applicable tax laws in China, Kiwa Shandong's new business items will

be exempt from value-added tax.

-- Kiwa Shandong has recently adjusted its product mix in cooperation

with Jiangsu Zhongdong Fertilizer Group with a focus on developing new

compound bio-fertilizers. Kiwa Shandong is also continuing to develop

new organic fertilizers to meet customer demand and is expected to

introduce new bio-fertilizer products for sale in the Chinese

fertilizer markets by the end of 2008.

-- In July Kiwa signed fertilizer sales contracts totaling RMB 150

million (over US$21 million) with Jilin Tianma Science & Te
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SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

1. Kiwa Bio-Tech Receives Nationally Recognized Organic Products Certification
2. Kiwa Bio-Tech Signs RMB 150 Million (US$21+ million) Fertilizer Contract
3. Kiwa Bio-Tech Receives Authorization From the Ministry of Commerce of the Peoples Republic of China to Wholesale Other Fertilizer Manufacturers Products
4. Kiwa Bio-Tech Joint Venture to Produce Preventative for Avian Flu
5. Kiwa Bio-Tech in Collaboration Discussions with Beijing Hai Xin Science and Technology Co., Ltd.
6. Kiwa Bio-Tech Passes Test & Taking Orders From Beijing Lv Fu Long Vegetable Company
7. Kiwa Bio-Tech Confirms Joint Venture Agreement With Shijiazhuang Huaxing Animal Medicine Co., Ltd.
8. Kiwa Bio-Tech 1st Quarter Revenues Increase 57.8% - $2.18 Million
9. Kiwa Bio-Tech Year-End Revenues Increase 264% - Exceed $9.1 Million
10. Kiwa Bio-Tech New Bio-Fertilizer Product Granted Initial Fertilizer Registration Certificate By Ministry of Agriculture of the PRC
11. Kiwa Bio-Tech Products Group Discusses Cooperative Research With the University of Waterloo, Canada
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