In the next days, till 15th of August latest, we will see KIWA results for 2nd quarter of 2018! According to their below news, which they released some days ago, we can expect great revenues!
Ontario, CA— (July 23, 2018)––Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion agricultural industry today announced guidance with respect to its projected corporate sales for the first two quarters of 2018.
Kiwa Bio-Tech fertilizer sales reached 73,600 tons in the first two quarters ending June 30, 2018. This sales amount is nearly equal to the total annual sales of 76,658 tons in 2017.
““In the first half year of 2018, the Company made significant progress across each of our strategic imperatives. We established a subsidiary in Yangling Pilot Free Trade Zone in Shaanxi Province and we have gained policy and material support from the Management Committee of the Free Trade Zone. We have advanced our core technology to KETS and transformed our approach to research and development by establishing a Kiwa-Yangling Ecological Agriculture and Environmental Research Center. We have launched a ‘Three-Part Marketing Model’ including establishing retail outlet stores, promoting eco-friendly microbial fertilizers, and buy-back of agricultural products. As of this date, four retail outlet stores have been opened and are contributing added revenues from fertilizer sales. This month, we have commenced our fresh produce buy-back program”, stated Kiwa Bio-Tech’s CEO Ms. Yvonne Wang.
“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.
