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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

690,730 1,050,230 1,348,725

Operating loss (437,431) (616,988) (920,324) (1,136,660)

Interest

expenses (203,313) (276,146) (422,860) (401,904)

Loss before

minority

interest in a

subsidiary's

deficit (640,744) (893,134) (1,343,184) (1,538,564)

Minority

interest in a

subsidiary's

deficit 9,723 750 25,968 6,921

Loss from

continuing

operations (631,021) (892,384) (1,317,216) (1,531,643)

Loss on

discontinued

operations:

Discontinued

urea entrepot

trade -

Commission

paid to a

related party -- (414,509) -- (414,509)

Net loss $ (631,021) $ (1,306,893) $ (1,317,216) $ (1,946,152)

Other

comprehensive

loss

Translation

adjustment (20,271) (37,337) (36,241) (161,131)

Comprehensive $ $

loss (651,292) $ (1,344,230) (1,353,457) $ (2,107,283)

Net (loss)

from

continuing

operations per

common share -

basic and

diluted $ (0.007) $ (0.012) $ (0.015) $ (0.021)

Net loss on

discontinued

operations per

common share -

basic and

diluted $ -- $ (0.0056) $ -- $ (0.0057)

Weighted

average number

of common

shares

outstanding-

basic and

diluted 88,211,903 74,157,432 85,651,240 72,971,896

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2008 December 31, 2007

(UNAUDITED) (AUDITED)

ASSETS

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SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2008 PR Newswire.
All rights reserved

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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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