Viewmont
3 days ago
$KGKG https://konagoldbeverage.com/our-brands/
Kona Gold Beverage, Inc. (OTCPK:KGKG)
MELBOURNE, FL, UNITED STATES, September 10, 2024 /EINPresswire.com/ -- Kona Gold Beverage Inc. (OTC: KGKG), is pleased to announce its first-ever profitable quarter, marking a significant milestone in the company’s growth trajectory. For the most recent quarter, Kona Gold Beverage Inc. reported approximately $1,225,000 in revenue with a net profit of approximately $133,000. Following the publication of the Company’s current disclosure, it anticipates being current with the OTC Markets within the next few days
This achievement comes as the company continues to make strides in reducing liabilities and strengthening its financial position. Year-over-year, Kona Gold Beverage Inc. has successfully reduced its liabilities by over $1.5 million. These efforts reflect the company’s commitment to driving shareholder value through strategic financial management and operational efficiency.
Strategic Reverse Merger Acquisition in Progress and Rebranding to NuVibe, Inc.
Kona Gold Beverage Inc. is nearing a significant strategic move—a reverse merger acquisition. The company is currently in advanced discussions and expects to have a Letter of Intent (LOI) signed within the next few weeks. This potential acquisition, alongside the company’s ongoing rebranding to NuVibe, Inc., is anticipated to further accelerate Kona Gold’s growth and expand its market reach, building upon the strong financial foundation established this quarter.
Once the reverse merger has been completed and a final acquisition agreement has been signed, the new management team will host a nationwide teleconference to update all shareholders on the company’s future plans and strategic initiatives.
Continued Focus on Debt Reduction and Conversions
Kona Gold Beverage Inc. remains committed to enhancing its balance sheet through the continued negotiation of debt reductions and conversions. These efforts have been instrumental in achieving the company’s first profitable quarter and will remain a focal point moving forward.
Riverman1859
4 days ago
Is it true this is their first ever profitable qtr?
It’s sounds like a good small company, has anyone here ever visited this company ? I try to visit different small and mid company’s that I watch and sometimes invest in their stocks , eventually I visit them and then decide if I will stick or move on , I know these are small caps but I have had some great returns really seeing for myself the operation and trying to meet the people at the company, my plan will be to try to visit this company by mid October , anyone who has more in depth information pls share
Viewmont
5 days ago
Are you serious? Posting this? Saying nobody posted since 2017, doesn't that tell you that you're looking in the wrong place!
Here's what you said!
"Check out Bemax INC Facebook page, not one new post since 2017!! Smells very fishy to me! I checked out her personal page as well, the CEO is Nigerian or some damn thing and very very overthetop religious, so that's stike 3!! She mentions nothing about her business on her personal page, so that's strike 4!!"
Well, here's where to look!
https://www.otcmarkets.com/stock/BMXC/news/story?e&id=2946386