Kona Gold Solutions, Inc. Announces Revenue Up 400% From Previous Quarter

Date : 12/19/2018 @ 2:00PM
Source :InvestorsHub NewsWire
Stock : Kona Gold Solutions, Inc. (PC) (KGKG)
Quote : 0.0639  -0.0041 (-6.03%) @ 9:20PM

Kona Gold Solutions, Inc. Announces Revenue Up 400% From Previous Quarter

Kona Gold Solutions, Inc. Announces Revenue Up 400% From Previous Quarter

The Company’s online sales are up over 1,300%


Melbourne, FL -- December 19, 2018 -- InvestorsHub NewsWire -- Kona Gold Solutions, Inc. (OTC Pink: KGKG), a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce the Company is having its strongest quarter to date with revenues currently up 400% from the previous quarter.  Contributing to the increase in revenue are the Company’s online sales from Amazon and product websites, which are up over 1,300% year-over-year.

The Company’s increase in sales comes from the launching of it’s highly anticipated new Kona Gold flavors, Cotton Candy and Cherry Vanilla, which are both zero calories, have no sugar, are naturally flavored, and contain organic hemp.

Kona Gold recently hired an Office Manager that will start January 2nd.  The Company is looking to fill several other positions, including a full time Controller to manage the Company’s books and audits.

“Our current quarter is exceeding our expectations and the response from our distributors and customers in regards to our new Cotton Candy and Cherry Vanilla flavors has been amazing,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We started off the quarter very strong in October and will be closing out the quarter with December being a record month with over $70,000 in sales to date.”

Clark continued, “We have many exciting things in the pipeline as our sales team is working to finalize deals with several distribution partners and will be announcing a new convenience store partner that will be putting the Company’s products in over 100 stores.  We anticipate the Company’s revenue to continue on its current revenue growth path through the end of 2018 and into 2019.  Our sales team will be meeting at Kona Gold’s corporate office the second week of January to forecast growth and sales projections for 2019.  The Company will be hiring a controller to take over the books and finalize the audit next month.”


For more information regarding Kona Gold Solutions, please visit:

http://www.konagoldhemp.com
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/

For more information regarding HighDrate, please visit:

http://www.highdrateme.com
https://www.facebook.com/HighDrateMe/
https://twitter.com/highdrateme
https://www.instagram.com/highdrateme/


Kona Gold Solutions, Inc.:

Kona Gold Solutions, Inc., a Delaware Corporation, has created wholly owned subsidiaries, Kona Gold LLC and HighDrate, LLC.  Kona Gold, LLC has developed a premium Hemp Infused Energy Drink line; please visit the Company’s website at www.konagoldhemp.com.  HighDrate, LLC has developed the beverage industry’s first CBD Energy Water, available in 4 delicious flavors; please visit the Company’s website at www.highdrateme.com.  The Companies are located on the east coast of Florida in Melbourne.


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
 

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