Followers | 2540 |
Posts | 250759 |
Boards Moderated | 35 |
Alias Born | 05/06/2014 |
Friday, August 18, 2017 9:57:57 AM
Source: InvestorsHub NewsWire
Kona Gold Solutions, Inc. Reduces Debt by Over $48,000
Company on track to clear all debt by the end of 2017
ROCKLEDGE, FL -- August 18, 2017 -- InvestorsHub NewsWire -- Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand of exclusivity and status, is pleased to announce the Company has reduced its debt by forty-eight thousand four hundred and sixty-eight dollars ($48,468.00), reducing the Company’s total liabilities to $35,000. Kona Gold’s management team negotiated with a debt holder to pay off its remaining liabilities by issuing restricted stock with a five year vesting period. The Company is also working to reduce it’s remaining liabilities of $35,000 by the end of the year, removing all notes from the balance sheet.
One of the company’s strategic goals for 2017 was to clear all debt off of their books and they are well on their way in doing so. The company has already cleared 76% of debt this year.
“We continue to hit on our milestones as 2017 progresses and I am extremely happy with all that our team has accomplished” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “Reducing and clearing our debt has been an important goal for our team as we continue to grow as a company. Going into 2018 debt free will release a burden off the company and open up new opportunities that will aid in the continuation of growth from quarter-to-quarter that the company has seen thus far.”
The Company recently announced they are beginning production of their all new High-drate CBD flavored energy waters, which will hit the market by the fourth quarter of this year. Their High-drate CBD energy waters will be available in four refreshing flavors, Tropical Coconut, Georgia Peach, Kiwi-Strawberry, and Watermelon.
For more information regarding Kona Gold Solutions, please visit:
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
http://www.konagoldhemp.com
Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware Corporation, which has developed a premium Hemp Infused Energy Drink line, Energy shots, and Apparel; please visit the Company’s new website at www.konagoldhemp.com. The Company is located on the east coast of Florida in Rockledge, FL.
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.
Investor Relations Contact:
investorrelations@konagoldhemp.com
Recent KGKG News
- Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • InvestorsHub NewsWire • 09/10/2024 05:30:00 PM
- Kona Gold Beverages, Inc. Nears Completion of Reverse Merger with New Candidate • InvestorsHub NewsWire • 08/12/2024 02:00:17 PM
- Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • InvestorsHub NewsWire • 08/07/2024 02:00:00 PM
- Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • InvestorsHub NewsWire • 08/02/2024 06:00:00 PM
- Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • InvestorsHub NewsWire • 07/31/2024 01:00:00 PM
- Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • InvestorsHub NewsWire • 07/17/2024 01:00:00 PM
- Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • InvestorsHub NewsWire • 05/08/2024 12:30:00 PM
- Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • InvestorsHub NewsWire • 04/25/2024 12:30:00 PM
- Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • InvestorsHub NewsWire • 04/22/2024 12:30:00 PM
- Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • InvestorsHub NewsWire • 04/16/2024 12:30:00 PM
- Kona Gold Beverages & Apple Rush Co. Execute Joint Venture & Manufacturing Agreement • InvestorsHub NewsWire • 04/11/2024 01:40:00 PM
- Kona Gold Beverage, Inc. Announces Highest Quarterly Revenue In Company History Surpassing $1.5M In Revenue In Q1 • InvestorsHub NewsWire • 04/09/2024 12:30:00 PM
- Kona Gold Beverages, Inc. Reports Over $3 Million in 2023 Revenues, Anticipates Robust Growth in 2024 Following Covert LLC Acquisition and Product Expansion • InvestorsHub NewsWire • 04/02/2024 12:30:00 PM
- Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • InvestorsHub NewsWire • 03/26/2024 12:30:00 PM
- Kona Gold Beverage, Inc Successfully Acquires Covert LLC, a Leading Multimillion-Dollar CPG Company • InvestorsHub NewsWire • 03/12/2024 01:00:00 PM
- Kona Gold Beverages, Inc. Achieves Current Information Status and Unveils New HighDrate D9 Drink Can Designs • InvestorsHub NewsWire • 03/05/2024 03:32:49 PM
- Kona Gold Beverages, Inc. Unveils Exciting Rebranding: Introducing HighDrate D9 Seltzer Drink Line • InvestorsHub NewsWire • 02/20/2024 02:00:00 PM
- Kona Gold Beverage Announces Participation of New Management Team at SE Petro Show in Myrtle Beach Exhibiting Rebranded Kona Gold Energy Drinks • InvestorsHub NewsWire • 02/15/2024 01:30:00 PM
- Kona Gold Beverage, Inc. Unleashes Exciting Rebrand of Its Popular Energy Drinks - Get Ready for a New Wave of Vitality • InvestorsHub NewsWire • 02/07/2024 02:00:00 PM
- Kona Gold Beverage's Strategic Direction and Shareholder Value • InvestorsHub NewsWire • 01/30/2024 02:00:00 PM
- Kona Gold Beverages, Inc. Signals Strategic Growth with $5 Million Non-Dilutive Credit Line • InvestorsHub NewsWire • 01/23/2024 02:00:00 PM
- Kona Gold Beverage, Inc. Eliminates $1.3 Million In Debt and Reduces Authorized Shares by 4.386 Billion • InvestorsHub NewsWire • 01/18/2024 02:00:00 PM
- Kona Gold Beverage, Inc. Announces Sale of Ooh La Lemin Lemonade Brand • InvestorsHub NewsWire • 10/04/2023 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM