KonaRed Corporation Announces Continued Record Sales Increases for Q2
Adds Another Industry Veteran to Board of Directors
KOLOA, Hawaii, July 11, 2017 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), manufacturers of award winning premium Hawaiian Cold Brew Coffees, Whole Bean Coffee products and a leader of the USA Coffee Fruit category, today reported record sales growth during Quarter 2 2017 and the addition of a new Board Member, Mark Masten.
KonaRed continues to gain sales momentum with Q2 sales surpassing that of Q1 2017 and cementing another banner quarter for the company. The company plans to formally announce Q2 figures in the coming weeks, but noted success has been led by dynamic growth in its retail distribution network as it continues to gain shelf presence in targeted regions. Industry IRI Data indicates the RTD Cold Brews are turning quickly on the shelf as repeat orders continue to build.
Additionally, the Company announced it has again strengthened its Board by adding food and beverage industry veteran Mark Masten, who formerly led sales and marketing efforts at global brands such as POM Wonderful, Wonderful Pistachios and Almonds and PopChips. Mr. Masten has over 20 years of experience in development of health foods and beverage brands in the United States and Internationally. Mr. Masten's broad experience with top leaders within the health food and beverages industry uniquely qualifies Mr. Masten to advise KonaRed not only on global sales matters but on various operational, marketing and risk management. KonaRed also recently added Jennifer Carlyle, formerly of Ballast Point, one of the leading craft brewery companies in the US, as Corporate Controller.
KonaRed's President and COO Kyle Redfield commented, "It is a great time to be involved with KonaRed. Our brand continues to gain traction with US Consumers every day and we are emerging as one of the leaders in the quickly evolving cold brew coffee market. With our growing sales numbers and IRI data at our back; we are positioned well for continued growth. The addition of Mark Masten to our Board gives us added fire power on the sales and marketing side. His network and expertise have already started to make a positive impact."
The company also added that, in its continuing efforts to enhance communications, the company plans to hold regular earnings calls for shareholders and investors in the future
About KonaRed Corporation
KonaRed® Corporation is the pioneer of the USA Grown, Hawaiian Coffee Fruit. The company oversees a vertically integrated supply chain, which starts with the highest quality Coffee and Coffee Fruit from Kona, Hawaii. The Company produces five award winning Ready to Drink ('RTD') Cold Brew Coffee varieties, plus its well-established RTD Premium Antioxidant Juice, 100% Hawaiian Coffee Fruit Powders and three varieties of Kona Coffee Beans. KonaRed products are sold throughout the U.S. and can be found in select Publix, Kroger, Safeway, Vitamin Shoppe, Costco, Whole Foods, 7-Eleven, Vons, Albertsons, Pavilions, Walgreens and many other retail outlets. More information about KonaRed and its products can be found at www.konared.com.
Forward Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to its plans or operations. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the SEC, which can be found at www.sec.gov. There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Redwood Investment Group
Tel: 714 978-4425
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