SOURCE: Kiwa Bio-Tech Products Group Corporation

Kiwa Bio-Tech Products Group Corporation

April 22, 2016 09:00 ET

Kiwa Establishes Strategic Partnership With Xinjiang Fruit Datang Silkroad E-Commerce Co., Ltd.

CLAREMONT, CA--(Marketwired - Apr 22, 2016) - Kiwa Bio-Tech Products Group Corporation (OTC PINK: KWBT) reported that On April 15, 2016, Kiwa signed a strategic partnership agreement with Xinjiang Fruit Datang Silkroad E-Commerce Co., Ltd. The partnership will serve as an additional sales channel for the Company's fertilizer products in Xinjiang, China. Datang Silkroad, an e-commerce company of agricultural products partially owned by the Xinjiang local government, together with Xinjiang Agricultural Materials Group, has a 40% market share of fertilizers in Xinjiang. The strategic partnership with these two state-owned companies will greatly enhance Kiwa's market position in Xinjiang. According to the sales plan developed by the partners, biological organic fertilizers and the special fruit tree fertilizers will be the principal products in the market, and it is projected that sales volume in the market will approximate 10,000 tons annually.

Jimmy Zhou, Kiwa's CEO, said, "In addition to Hunan, Hainan and Heilongjiang provinces, Xinjiang is also a key market for the company. Xinjiang currently has over 74 million Mu (approximately 12 million acres) under cultivation, mainly comprising cotton, fruits and grains. Through the strategic partnership with local companies in Xinjiang, our fertilizer sales in the region should be greatly enhanced." Zhou also said, "we are anticipating a sales volume of Kiwa products of approximately $20 million through Kangtan Gerui (Beijing) Bio-Tech Co., Ltd. (Gerui), Kiwa's local distributor. Notwithstanding, the Company does not expect to record any revenues from these sales in the first quarter of 2016 and will not see actual cash receipts until at least the 3rd quarter of 2016. Kiwa currently plans to acquire Gerui in the third quarter of 2016."

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.

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