Kiwa Bio-Tech Signed a Distribution Agreement With Kangtan Gerui (Beijing) Bio-Tech Co., Ltd.
17 Diciembre 2015 - 8:00AM
Marketwired
Kiwa Bio-Tech Signed a Distribution Agreement With Kangtan Gerui
(Beijing) Bio-Tech Co., Ltd.
CLAREMONT, CA-(Marketwired - Dec 17, 2015) - Kiwa Bio-Tech
Products Group Corporation (OTCBB: KWBT) reported today that it has
signed an agreement with Kangtan Gerui (Beijing) Bio-Tech Co., Ltd.
and formally awarded distribution and sales rights with respect to
Kiwa fertilizer products in three major agricultural regions of
China - Hainan Province, Hunan Province and Xinjiang Autonomous
Region. Since August 2015, Kiwa's research and development
department has been conducting application experiments in Hainan
and Hunan Provinces according to market requirements. The data
derived from the experiments indicates that Kiwa fertilizer
products have already fulfilled the requirements of reduction of
content of heavy metals in soil and improvement in crop yield.
Kangtan Gerui (Beijing) Bio-tech Co., Ltd. was founded in Beijing
in April 2015 and relies on the sales network of China's Supply and
Marketing Cooperatives system. Currently, Kangtan Gerui and Kiwa do
not have any mutual ownership, but they expect to potentially have
collaboration and integration in the future.
Jimmy Zhou, CEO of Kiwa stated, "Kiwa hopes to gradually rebuild
the market sales network of Kiwa products in China through this
agreement. In addition, we plan to incorporate sales companies like
Kangtan Gerui into Kiwa by means of cooperation, acquisition and
other cooperation strategies. Kangtan Gerui's sales network through
China's Supply and Marketing Cooperatives system is China's
state-owned fertilizer sales network, which controls 80% of China's
fertilizer market. We believe that this association will further
improve our sales performance in the future."
About Kiwa Bio-Tech Products Group Corporation
We develop, manufacture, distribute and market innovative,
cost-effective and eco-friendly bio-technological products for
agriculture. Our main product groups are bio-fertilizer,
biologically enhanced livestock feed.
Our 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. Our businesses include bio-fertilizer and bio-enhanced
feed.
Kiwa's new strategy is to implement top-vision planning for
marketing Kiwa's current bio-fertilizer products, along with the
construction of a "green agriculture" safe food platform in China.
Our goal is to build market trust in our Kiwa brand, gradually
entering China's trillion dollar "green" agricultural produce
market.
For more information on Kiwa and its products, please refer to
the website at www.kiwabiotech.com or the Company filings with the
United States Security and Exchange Commission, available for free
at www.sec.gov
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: Kiwa Bio-Tech Products Group Corporation Yvonne Wang
(626) 715-5855 yvonne@kiwabiotech.com
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