Kona Gold Solutions, Inc. Reduces Debt by Over $48,000
August 18 2017 - 8:45AM
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
Kona Gold Beverage (PK) (USOTC:KGKG)
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