Yangling, Shaanxi, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or ‘the Company”), an emerging agricultural company that develops, manufactures and sells bio-fertilizers is pleased to announce that the Company’s Trinity Agricultural Marketing Model (Trinity) was formally implemented in Zhouzhi County, Shaanxi Province.
Kiwa’s representative Ms. Sun, Director of Fertilizer Division, and Ms. Dongxia Ren, the Board Chairman of Zhouzhi County Farm Tourism Fruits & Vegetables Specialty Cooperative (the Cooperative), signed a cooperation agreement on eco-friendly kiwi planting, which marked the implementation of the Zhouzhi Project. The agreement clarified the relevant rules for the implementation of the Company’s Trinity Agricultural Marketing Model (Retail Outlet Center——Patented Bio-fertilizer——Safe Produce Distribution) in the 5,000 mu (approximately 333 hectare) Kiwi Planting Park of the Cooperative.
The kiwi plant in Zhouzhi County is the largest kiwi production park in China with a very long history. Until now, the kiwi industry is an important pillar industry for Zhouzhi County’s economic development; it’s about 430,000 mu (approximately 28,667 hectare), and the output value of kiwi is more than RMB 4 billion (approximately 580,000,000 USD annually), accounting for more than 70% of the County’s GDP.
However, due to the excessive application of chemical fertilizers and pesticides in recent years, the quality of kiwi has declined, which has led to a negative impact on the sales and brand reputation of the Kiwi market in Zhouzhi County. Because of this situation, the government of Zhouzhi County has paid more attention to it and has sought ways to improve the quality of kiwi.
Kiwa Bio-Tech has built the Trinity Agricultural Marketing Model for a high-quality agricultural product planting park by establishing their Retail Outlet Center, adopting a unified standard for agricultural products, providing an eco-friendly standardized planting plan, introducing financial institutions for financial support, and implementing whole-process with technical services. The implementation of Trinity Agricultural Marketing Model is designed to greatly promote the healthy development of the agricultural industry in Zhouzhi County.
The reason Kiwa is cooperating with the Cooperative is to benefit from three advantages:
- In 2018, Kiwa succeeded in the harmless planting test of the Cooperative’s 300 mu kiwi demonstration base;
- Kiwa has established close cooperation with mainstream produce sales channels, such as Huaguoshan;
- On the basis of establishing the Retail Outlet Center, Kiwa has integrated resources such as “insurance, eco-friendly planting plan, contract farming and financial support”, which meets the expectations of the government of Zhouzhi County and the development needs of the kiwi industry.
It is agreed in the cooperation agreement that when the Cooperative implements Kiwa’s eco-friendly planting plan, if there is a loan demand, Kiwa will provide financial institutions and bear unlimited joint and several liabilities for these financing activities. The Cooperative has 4,000 mu (approximately 267 hectare) of kiwi planting that needs loan support. In the process of cooperation, Kiwa Bio-Tech will provide a financial guarantee on the standard of 2,750 yuan / mu ($398 USD/ mu) to the Cooperative, with the total amount of loans being RMB 11 million (approximately $1,600,000 USD).
Furthermore, Kiwa will cooperate with the Professional Farmers Association of Zhouzhi County and select qualified fruit farmers to join the Zhouzhi Project. According to the plan, the first phase of Zhouzhi Project promotion target is 30,000 mu (20,000 hectare).
Ms. Wang, Kiwa’s CEO, stated, “It’s a good start for the Company’s Trinity Agricultural Marketing Model (Trinity) implemented in Zhouzhi County, and we strongly believe that once this great program in Shannxi province is implemented, Kiwa Bio-Tech will expanded quickly throughout the Country of China.”
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-Friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the Yangling, Shanxi, China. The company develops, manufactures, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group Corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
Forward-Looking Statements
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’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. 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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