KIWA INKS CHINA DISTRIBUTION CONTRACTS
CLAREMONT - 05/05/06 - Bio-tech developer Kiwa Bio-Tech Products Group Corp. has signed distribution agreements with four organizations in China and further expand the company's reach into Asian bio-tech market.
The combined sales objectives for the four contracts, the company said, is $17.8 million.
The agreements cover several products including "Yi Mu Ling" water flush fertilizer; "Pu Guang Fu" liquid fertilizer for plant's leaves; "Zhi Guang You" compound microorganism fertilizer; and organic fertilizer.
The company's line of fertilizer products sell from $500 per ton to as much as $6,000 per ton.
According to a company statement, the annual agreements were signed with the Heilongjiang Baidahuang Food Technology Development Co. Ltd.; the Beijing Zhongnog Xingda Agriculture Development Co. Ltd.; the Tianjin Challenge Feed Co. Ltd.; and the Nanjing Zhongzheng Agricultural Technological Products Promotion Co. Ltd.
Kiwa's products will be marketed by the company's new partners in
Heilongjiang, Jilin and Liaoning; Hebei Province, Henan Province, Beijing and Tianjin; Heilongjiang, Jilin, Liaoning, Hebei, Inner Mongolia and Shanxi; and Jiangsu, Anhui, and Zhejiang, respectively.
Kiwa Bio-Tech develops, manufactures, and distributes innovative, cost-effective, and environmentally safe bio-technological products to agricultural and natural resource conservation markets.
The company is particularly active in Asia and recently acquired the rights to manufacture and market the AF-01 Anti-Viral Aerosol Agent used in preventing bird-flu disease in China and other international markets.
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