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Kiwa Bio-Tech Revenues for 1st Half Exceed $3.25 Million
Date:8/19/2007

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 press release.

Contact:

Kiwa Bio-Tech Products Group Corporation

Yvonne Wang

(626) 715-5855

kiwabiotech@gmail.com

Robert Schechter

Equity Communications

212-499-6809

ir4kiwa@hotmail.com

Kiwa Bio-Tech Products Group Corporation

Consolidated Statements of Operations and Comprehensive Income (Unaudited)

Item Three Months Ended Six Months Ended

June 30, June 30,

2007 2006 2007 2006

Net sales $1,872,647 $13,351 $3,256,740 $24,374

Cost of sales 1,798,905 12,545 3,044,675 19,955

Gross profit 73,742 806 212,065 4,419

Operating expenses:

Consulting and

professional fees 267,678 243,914 457,139 288,314

Officers' compensation 89,427 109,102 154,469 115,070

General and

administrative 196,499 79,660 375,523 148,594

Selling expenses 63,642 19,601 207,267 22,889

Research and development 43,495 8,461 92,799 16,362

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SOURCE Kiwa Bio-Tech Products Group Corporation

Copyright©2007 PR Newswire.

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