SOURCE: Kiwa Bio-Tech Products Group Corporation

Kiwa Bio-Tech Products Group Corporation

February 29, 2016 09:00 ET

Kiwa Bio-Tech Products Group Corporation Signs Strategic Cooperation Agreement With CCOOP GROUP CO., LTD

CLAREMONT, CA--(Marketwired - Feb 29, 2016) - Kiwa Bio-Tech Products Group Corporation (OTC PINK: KWBT) today reported that it has signed a Strategic Cooperation and Confidentiality Agreement with CCOOP GROUP CO., LTD ("CCOOP"), pursuant to which the companies will work together in various areas including investment, development of fertilizer sales and to open a chain of outlets in China to market open safely planted agricultural products in chain stores in China. The Companies agreed to investigate and consider the broadest range of potential financial transactions.

CCOOP was established by CHINA CO-OP GROUP and HNA GROUP and is one of the largest comprehensive agricultural enterprises in China. CCOOP manages and sells agricultural products including seeds, fertilizers, pesticides and agricultural machinery both online and through retail outlets.

Kiwa's CEO, Mr. Jimmy Zhou, stated that "By establishing this cooperative venture, we will both benefit by and support CCOOP's significant market network and capital strength. CCOOP has carefully examined Kiwa's fertilizer products support the marketing of these products and is prepared to move to market them in its markets. This, in turn, should be of significant benefit to Kiwa in its future development."

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 strategy is to implement increased visibility for marketing Kiwa's current bio-fertilizer products, together with the development of a "green agriculture" safe food platform in China. Our goal is to build market penetration for our Kiwa brand in China's trillion dollar "green" agricultural produce market.

For more information on Kiwa and its products, please refer to the Company's website at www.kiwabiotech.com or the Company filings with the United States Securities 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 U.S. 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 Information