Kona Gold Beverage Inc (KGKG)

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Union Equity Responds to Shareholder Inquiries Regarding Record Date of Forward Split
Monday April 25, 9:03 am ET


PALM BEACH, Fla.--(BUSINESS WIRE)--April 25, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
"Some people are being told that they have until May 16, 2005 to participate in the forward split," said CEO Michael Anthony. "This is incorrect. They must own the stock by the close of the market on April 27, 2005, this Wednesday."

Anthony speculates that some investors are receiving erroneous information confusing the Record Date with the Mail Date.

The Record Date for the forward split is April 27, 2005. Simply stated, if someone owns stock in the company on that date they will receive six additional shares of common stock for every one share they own. If someone purchases stock the next day, April 28, 2005, they just own the one share of stock they have purchased. They will not receive six additional shares.

The Mail Date for the forward split is May 16, 2005. This means that by this date the transfer agent will mail the additional shares to the applicable brokerage companies or to the individual shareholders who owned the company stock as of April 27, 2005.