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

2,810 5,405

Total current liabilities 2,468,077 1,853,070

Long-term liabilities, less current

portion:

Unsecured loans payable 1,531,129 1,472,717

Bank notes payable 18,243 1,351

Long-term convertible notes payable 2,120,562 2,365,962

Less: discount relating to warrants (958,312) (1,371,446)

Long-term convertible notes payable -

net 1,162,250 994,516

Total long-term liabilities 2,711,622 2,468,584

Minority interest in a subsidiary 110,278 103,362

Shareholders' equity (deficiency)

Common stock - $0.001 par value

Authorized 200,000,000 shares at

September 30, 2007 and December 31,

2006 respectively. Issued and

outstanding 76,847,710 and

70,149,556 shares at September 30,

2007 and December 31, 2006,

respectively 76,848 70,150

Preferred stock - $0.001 par value

Authorized 20,000,000 shares, nil

shares issued and outstanding at

September 30, 2007 and December 31,

2006, respectively -- --

Additional paid-in capital 8,844,813 8,311,975

Stock-based compensation reserve (348,198) (523,468)

Deficit accumulated (10,311,326) (7,766,654)

Accumulated other comprehensive

income 6,418 1,166

Total shareholders' equity

(deficiency) (1,731,445) 93,169

Total liabilities and stockholders'

equity $3,558,532
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SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2007 PR Newswire.
All rights reserved

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