Kiwa Bio-Tech Third Quarter Results Announced
13 Noviembre 2012 - 9:33AM
Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) announced
results for the third quarter ended September 31, 2012.
There were no revenues recorded for the third quarter of 2012 or
2011.
The net loss for the third quarter of 2012 and 2011was $252,310
and $349,519 respectively.
Kiwa continues to seek capital to strengthen its balance sheet
and enable it to take advantage of opportunities supplying the
Chinese agricultural industries. During the nine months ended
September 31, 2012, related parties including the Chairman and
other corporate officers advanced over $88,237 to the Company.
Please refer to our 10Q report filed today with the Securities
and Exchange Commission for additional information on the results
and operations.
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'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 (www.sec.gov) or visit the Company's website,
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 press
release.
CONTACT: Equity Communications
Robert Schechter
212-499-6809
ir4kiwa@hotmail.com
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