Kiwa Bio-Tech Products Group Corp (fka KWBT)

[hugh_jackoman]

Kiwa Bio-Tech 2017 First Quarter Sales Results Exceed Projections

CLAREMONT, CA--(Marketwired - Apr 6, 2017) - Kiwa Bio-Tech Products Group Corporation ( OTCQB : KWBT ) ("Kiwa" or the "Company"), a Company which produces eco-friendly bio-based fertilizers promoting soil health, is pleased to announce that its operating results for the first Quarter of 2017 exceeded its expectations. During the quarter ended March 31, 2017, Kiwa sold 16,820 tons of fertilizer products.

Company sales included 15,300 tons of bio-organic fertilizer and 1,520 tons of compound microbial special fertilizer. These results were 12% higher than the company's first quarter internal projections.

Mr. Xiaoqiang Yu, director of marketing, stated, "In the first quarter, the company focused on the vegetable and fruit production markets of cultivation bases. Since the Chinese government has put great emphasis on promoting safe planting of agricultural products, we expect our sales performance to follow a similar pattern in the next three quarters of 2017."

By combining Kiwa's original strain technology with ETS technology, Kiwa has developed a line of compound microbial fertilizer products, which can alleviate hard soil, and reduce crop heavy metal residues during the planting of vegetables, tea and other crops.

Mr. Yonglin Song, Kiwa Bio-Tech director, stated that "Kiwa will continue to use the opportunity of cooperating with ETS to develop a series of products for soil remediation, and to increase the variety of products Kiwa offers in the market in future quarters."

https://finance.yahoo.com/news/kiwa-bio-tech-2017-first-120000593.html