Kiwa Bio-Tech Products Group Corp (fka KWBT)

[umiak]

Based on company info the last factory is functioning as a packaging facility. The company is also building a fermentation plant in the Free Zone with the help of the local University.

They are building out a distribution system that includes needed services for farmers. The good news being that the efforts have helped increase revenue.

There is no reason to think that this interaction with the growers will NOT increase profits.

Shareholder update received today says:

“Our aggressive marketing strategy has shown itself to be very successful. The Company’s highly-efficient microbial fertilizers continue to achieve a strong reputation among agricultural growers for increasing their crop yields. We expect our sales for the remainder of 2018 to continue to be strong and it is our goal that 2018 will be a record year for the Company, both in terms of sales and profitability. In addition, our management has also considered and is working toward a potential future listing of the Company’s common shares on either Nasdaq or the New York Stock Exchange. We intend to adjust our business strategies to meet the requirements of these two markets,” added Ms. Wang.

Looks to me like they are clawing back the profit that was going somewhere else before implementing current programs. Just my opinion.