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

p> Depreciation and

amortization 29,591 37,069 60,864 70,232

Allowance and provision 398 - 664 -

Total operating expenses 690,730 497,807 1,348,725 661,461

Operating loss (616,988) (497,001) (1,136,660) (657,042)

Interest expenses - net (276,146) (28,913) (401,904) (53,317)

Minority interest in a

subsidiary's loss 750 - 6,921 -

Loss from continuing

operations (892,384) (525,914) (1,531,643) (710,359)

Loss on discontinued

operations:

Discontinued urea

entrepot trade -

Commission paid

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

Net loss $(1,306,893) $(525,914) $(1,946,152) $(710,359)

Other comprehensive

income (loss):

Translation

adjustment (37,337) 9,556 (161,131) 16,197

Comprehensive loss $(1,344,230) $(516,358) $(2,107,283) $(694,162)

Net loss from continuing

operations per common

share - basic and diluted $(0.0120) $(0.0085) $(0.0210) $(0.0118)

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 74,157,432 61,598,567 72,971,896 60,423,775

Kiwa Bio-Tech Products Group Corporation

Consolidated Balance Sheet

Item June 30, 2007 December 31, 2006

(unaudited) (audited)

ASSETS

Current assets

Cash and cash equivalents $208,229 $498,103

Accounts receivable, net of bad

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SOURCE Kiwa Bio-Tech Products Group Corporation

Copyright©2007 PR Newswire.

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