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Elev8 Brands, Inc. Announces Strategic Alliance Agreement (SAA) with Kona Gold Solutions for National “Vape and Smoke Shop” Market Expansion

Aug 01, 2017
OTC Disclosure & News Service

ROCKLEDGE, Fla., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Elev8 Brands, Inc. (OTC Pink:VATE), a holding company focused on the commercial development of hemp and CBD-based products including hemp coffee, tea, and E-juices, which target the health and wellness markets, announces a formalized strategic alliance with Kona Gold Solutions (OTC Pink:KGKG) and the addition of Robert Clark to the leadership team.

Elev8 Brands, Inc. CEO, Ryan Medico, stated, “Our companies are having huge successes in the vape and smoke shop market vertical. We’ve learned collaborating and combining business development resources leads to significant opportunities for both companies. Robert and I continue to work together as business partners, and to formally bring him on our team adds instant value for the company.”

Through the SAA, the companies formally announce their first customer which is a large vape and smoke shop wholesaler that serves over 100 vape and smoke shops nationally. For competitive reasons, the wholesaler wishes to remain confidential. This wholesaler made its first purchase of Elev8 Hemp CBD E-juices and has placed a new order for 160 cases of Kona Gold Hemp Energy Drinks and 10 customized coolers in Kona Gold branding. Product arrived at this wholesaler last week has already been purchased by multiple vape store owners.

Robert Clark, who is the CEO of Kona Gold Solutions, will serve in a consultant role with Elev8 Brands, Inc. to oversee the SAA between the two companies. Clark commented, “This is truly a win/win for both our companies and we’re excited to further penetrate the growing vape and smoke shop market with our unique and popular product offerings.”

Medico concluded, “We’re proud to announcement our Q2 revenues increased more than 54% over Q1. With the addition of this SAA and Robert Clark we continue to see growing product sales revenues as we continue through the rest of the year.”

About Elev8 Brands, Inc.:
Elev8 Brands, Inc. specializes in the development and marketing of products for the fitness and wellness markets. The company is founded based on creating high-quality, sustainable, products for health-conscious consumers.

About Elev8 Hemp LLC:
Elev8 Hemp LLC is a wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on the development and marketing of hemp-based food, beverage, and health care products including hemp coffee, hemp water, and hemp-based skin care products.

About 02 Breathe LLC:
02 Breathe is a wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on their oxygen bar while bringing in an array of CBD products. O2 Breathe carries CBD tinctures, CBD vape, CBD lotions and message products. 02 Breathe is currently looking to offer CBD at their oxygen bar.

About Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware Corporation, which has developed a premier Hemp Infused Energy Drink, Energy shots, and Apparel; please visit the Company’s new website to view updates and new products at www.konagoldhemp.com. The Company announced it has moved its Corporate Headquarters to Rockledge, FL. Kona’s new warehouse and office space gives the Company the space needed to expand rapidly.

Please visit, www.elev8hemp.com for more information.

Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact:
Ryan Medico
[e-mail]
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