BEIJING and CLAREMONT, Calif., Jan. 17 /Xinhua-PRNewswire-FirstCall/ -- Kiwa Bio-Tech Products Group Corporation (KWBT.OB) has completed its annual management meetings including yearend business review, planning for 2008 and employee recognition ceremonies. The meetings commenced in Xiaotangshan, Beijing on January 11, 2008.
Attending were over 50 managers and staff from Kiwa's corporate headquarters in Beijing, and department managers of Kiwa Shandong and Tianjing Kiwa. During the sessions, company management team members gave speeches reviewing achievements in the past year for their departments. Acknowledgment was made of the comprehensive achievements of Kiwa's employees in 2007: significant improvements in revenues, improvements in operating efficiency and margins, updating of the bio-fertilizer factory, development, testing and approval of new products and expanded distribution and marketing efforts.
In addition, management set forth the business goals and described the main tasks for 2008. They outlined the objectives and strategic plans for the year for Kiwa Shandong, Tianjin Kiwa, bio-technology research and development, building the distribution network, financial management, and corporate management targets were set with the expectation of continuing and expanding on the progress of the past year.
During the session, the efforts of 28 individuals was recognized: 4 staff were awarded "Honor for Striving for Kiwa"; 8 staff were awarded as "Prominent Contributor"; 5 were awarded as "Best New Seller"; 11 staff were awarded as "Advanced Worker"; 2 were awarded "Honor for Loyalty". Lastly, representatives of the honored individuals gave speeches expressing their confidence in the bright future of the Company and pledged to work harder to achieve the objectives set forth for 2008.
Mr. Wei Li, Board Chairman and CEO of Kiwa, stated: "The 2007 annual management meeting is the summary of last year and the blueprint for the next year. We were pleased to recognize employees and managers who helped Kiwa achieve excellent results in 2007. This meeting was also the chance to focus everyone on the great development opportunities for Kiwa in 2008. We will continuously and collectively strive for our objective with good faith to create outstanding achievements in 2008."
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company has acquired the rights to manufacture and market AF-01 Anti-viral Aerosol Agent for use in preventing (blocking) bird-flu disease in Chinese and international markets. The Company has excellent relations with government authorities in China and has developed several innovative, high margin products, while continuing to grow through internal and external product development. The Company's products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes. For more information about the Company, please review documents filed with the SEC ( http://www.sec.gov ) or visit the Company's website at http://www.kiwabiotech.com .
This press release contains information that constitutes
forward-looking statements made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements involve risk and uncertainties that could cause
actual results to differ materially from any future results described by
the forward-looking statements. Risk factors that could contribute to such
differences include those matters more 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
For more information, please contact:
Kiwa Bio-Tech Products Group Corporation
|SOURCE Kiwa Bio-Tech Products Group Corporation|
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