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Kiwa Bio-Tech Year-End Revenues Increase 264% - Exceed $9.1 Million
Date:3/26/2008

le 316,902 366,879

Due to related parties-trade 164,280 25,612

Due to related parties-non-trade 508,344 496,806

Current portion of bank notes

payables 2,889 5,405

Total current liabilities 2,854,458 1,853,070

Long-term liabilities, less current

portion:

Unsecured loans payable 1,574,350 1,472,717

Bank notes payable 17,988 1,351

Long-term convertible notes

payable 2,058,625 2,365,962

Less: discount relating to

warrants (856,308) (1,371,446)

Long-term convertible notes

payable - net 1,202,317 994,516

Total long-term liabilities 2,794,655 2,468,584

Minority interest in a subsidiary 110,838 103,362

Shareholders' equity (deficiency)

Common stock - $0.001 par value

Authorized 200,000,000 shares.

Issued and outstanding

81,519,676 and 70,149,556 shares

at December 31, 2007 and 2006,

respectively 81,520 70,150

Preferred stock - $0.001 par

value

Authorized 20,000,000 shares,

none issued -- --

Additional paid-in capital 9,217,876 8,311,975

Stock-based compensation reserve (307,053) (523,468)

Deficit accumulated (11,074,522) (7,766,654)

Accumulated other comprehensive

income (2,592) 1,1
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SOURCE Kiwa Bio-Tech Products Group Corporation
Copyright©2008 PR Newswire.
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