SOURCE: Kiwa Bio-Tech Products Group Corporation

Kiwa Bio-Tech Products Group Corporation

March 04, 2016 09:00 ET

KIWA Fertilizer Products Enter Northeast China Market

CLAREMONT, CA--(Marketwired - Mar 4, 2016) - Kiwa Bio-Tech Products Group Corporation (OTC PINK: KWBT) reported today that its China regional agent, Kangtan Gerui (Beijing) Bio-Tech Co., Ltd., has signed a sale agreement with Joyvio Great Northern Wilderness Holding Company ("Joyvio"), for an initial purchase of 10,000 tons of Kiwa's special organic fertilizer for rice formula. Based on the terms of the agreement, KIWA special fertilizer will be delivered on or about March 15, 2016. The Company believes that initial sales under this agreement during calendar year 2016 will be approximately US$4 million.

The sale of Kiwa's special fertilizer to Joyvio Great Northern Wilderness Corporation marks KIWA's initial entry into the Northeast China market. Joyvio has plans to develop and plant nearly one million mu (approximately 164,737 acres) of high-end rice crop in the next three years, and the fertilizer products of KIWA will be extensively utilized in connection with this development.

Kiwa's CEO, Mr. Jimmy Zhou, stated that, "In addition to the sales contract with Joyvio, KIWA has also started testing of KIWA fertilizer products with the large state-owned agricultural company in Heilongjiang-Kunfeng Agricultural Group in anticipation of utilizing KIWA fertilizer products in the Kunfeng planting area. We expect that this sales campaign in these two major agricultural planting areas in Northeast China will have a positive impact on the sales performance of KIWA fertilizers in connection with the company's renewed overall market strategy."

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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