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Kiwa Bio-Tech Third Quarter Revenues Increase 226% - Nine-Month Revenues $6.2 Million
Date:11/7/2007

339 618,543 1,999,063 1,280,004

Operating loss (411,079) (565,360) (1,547,738) (1,222,402)

Interest expenses (171,743) (70,784) (573,647) (120,635)

Loss before minority

interest in a

subsidiary's profit (582,822) (636,144) (2,121,385) (1,343,037)

Minority interest in a

subsidiary's profit (15,699) (134) (8,778) (134)

Loss from continuing

operations (598,521) (636,278) (2,130,163) (1,343,171)

Loss on discontinued

operations:

Discontinued urea

entrepot trade -

Commission paid to a

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

Net loss ($598,521) ($636,278) ($2,544,672) ($1,343,171)

Other comprehensive

income (loss):

Translation adjustment (7,653) 12,159 (34,234) 28,356

Comprehensive loss ($606,174) ($624,119) ($2,578,906) ($1,314,815)

Net loss from

continuing operations

per common share -basic

and diluted ($0.01) ($0.01) ($0.03) ($0.02)

Net loss on

discontinued operations

per common share -basic

and diluted -- -- -- --

Weighted average number

of common shares

outstanding-basic and

diluted 76,122,358 64,565,278 74,033,591 61,801,131

Condensed Consolidated Balance Sheet

September 30, December 31,

2007 2006

(Unaudited) (Audited)

ASSETS

Current assets

Cash and cash equivalents $49,752 $498,103

Accounts receivable, net of bad debt

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SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2007 PR Newswire.
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