Kona Gold Solutions, Inc. Announces DTC Deposit
Chill Removed
Rockledge, FL June 9, 2017 (GLOBE NEWSWIRE) - Kona Gold
Solutions, Inc. (OTC Pink:
KGKG), a hemp lifestyle brand of exclusivity and status, is
pleased to announce that the Depository Trust Company (DTC) has
lifted the Deposit Chill on the Companys stock and has resumed
accepting deposits of its common stock for book entry electronic
transfer services. The company has worked diligently and dedicated
a great amount of time and money in successfully having the chill
lifted, which was placed on their security several years ago under
previous management.
The lifting of the DTC Chill on Kona Gold Solutions, Inc.'s
common stock now allows brokerage firms to trade the companys
security via book entry and makes the company DTC Eligible once
again.
"We are very happy to announce to our shareholders that the DTC
has lifted the chill that was placed on our company back in 2012.
We have overcome a huge hurdle that has weighed down opportunities
our company has not been able to take advantage of because of the
chill," stated Robert Clark, CEO of Kona Gold Solutions, Inc. "We
continue to move our company forward by creating a solid foundation
to build upon and I and our team are very excited in what is in
store for Kona Gold in 2017 and beyond."
Clark Continued, "We were never informed by previous management
that there was a chill placed on the company, but once informed, we
knew we needed to dedicate a tremendous amount of time and money to
become DTC Eligible again. With the Chill lifted, it not only helps
the company tremendously by opening up new opportunities, but also
helps increase value for our very loyal shareholders. I am proud of
our team for accomplishing this goal as I know many securities are
never successful in removing a chill."
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 premier Hemp Infused Energy
Drink, Energy shots, and Apparel; please visit the Companys new
website to view updates and new products at www.konagoldhemp.com. The Company announced it has
moved its Corporate Headquarters to Rockledge, FL. Konas new
warehouse and office space gives the Company the space needed to
expand rapidly.
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