Kona Gold Beverage
Announces Participation of New Management Team at SE Petro Show in
Myrtle Beach Exhibiting Rebranded Kona Gold Energy Drinks
Company submits
documentation to update status with OTC Markets
Rockledge, FL -- February 15, 2024 --
InvestorsHub NewsWire -- Kona Gold Beverages, Inc. (OTCPK:
KGKG), a dynamic holding company specializing in product
development within the better-for-you and functional beverage
sector, proudly announces the participation of its new management
team at the upcoming SE Petro Show in Myrtle Beach on March 6th and
7th.
The SE Petro Show is renowned as the
largest regional petroleum and convenience store expo in the
southeast, attracting decision-makers and industry leaders seeking
to enhance profitability and gain a competitive edge. With a focus
on exchanging ideas, introducing innovative products, and providing
valuable educational seminars tailored to the industry, the SE
Petro Show serves as an invaluable platform for networking and
growth.
"We are thrilled to have our new
management team attend the SE Petro Show," said Brandon White of
Kona Gold Beverage. "This expo presents an exceptional opportunity
for us to connect with industry leaders, suppliers, and retailers,
and gain valuable insights to drive our business forward. As we
continue to expand our product line and explore new avenues for
growth, the SE Petro Show aligns perfectly with our strategic
objectives."
At the SE Petro Show, attendees can
expect to learn how to increase profits across several key
categories, explore ideas to expand their product lines, introduce
new profit centers to traditional store formats, and discover fresh
ideas and products from new exhibitors.
In addition to its participation at
the SE Petro Show, Kona Gold Beverage announces plans to relocate
its headquarters to new facilities in Melbourne, FL. The move
signifies a clean break from past addresses or associations and
provides the company with ample space to streamline operations and
accommodate rapid growth.
"Moving to new facilities in
Melbourne represents an exciting chapter for Kona Gold Beverage,"
added White. "We believe this move will enable us to enhance
operational efficiency, foster innovation, and position the company
for sustained success in the evolving hemp-infused beverage market.
We look forward to sharing more details about our new headquarters
once the move is complete."
The previous management harbored
ambitions to elevate the Company's status by listing on the NASDAQ,
necessitating its transition to full compliance with the Securities
and Exchange Commission (SEC) reporting requirements. This
transition imposed significant additional annual costs on the
Company. Before the transition to the new leadership, a Form 15-12G
was submitted to the SEC, reclassifying the Company to an
alternative reporting standard. The current management team, upon
recently discovering that this change in reporting status had not
been reflected in the records of the OTC Markets, acted swiftly to
submit the requisite documentation to update the OTC Markets'
records including filing documents to request a NOBO list. This
update is expected to eliminate the "Pink Limited Information"
designation and the "Dark or Defunct" labels that were recently
applied to the Company's profile.
For more information regarding Kona
Gold Beverage, please visit:
https://konagoldbeverage.com/
About Kona Gold Beverage,
Inc.
Kona Gold Beverage, Inc., a Delaware corporation, operates
its wholly-owned subsidiary, Kona Gold
LLC.
Kona Gold, LLC has developed a
premium Hemp-Infused Energy Drink line; please visit its website
at www.konagoldhemp.com. Kona Gold is located on the east
coast of Florida in Rockledge.
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. The Company may also make written or
oral forward-looking statements in its filings with the U.S.
Securities and Exchange Commission, in press releases and other
written materials, and in oral statements made by its officers,
directors or employees to third
parties.
There can be no assurance that such
statements will prove to be accurate. The Company cautions that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in the Company's
Annual Reports on Form 10-K and its other filings with the
Securities and Exchange Commission. 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. The Company does not undertake any
obligation to update publicly or to revise any statements in this
release, whether as a result of new information, future events, or
otherwise.
Investor Relations
Contact:
844-714-2224
investorrelations@konagoldbeverage.com
