ROCKLEDGE, Fla., Aug. 18, 2017 (GLOBE 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:
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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.