Kona Gold Beverage, Inc Signs Distribution Agreement with A&B
Distributors to Distribute Ooh La Lemin Lemonades in Arkansas,
Oklahoma, and Texas
Melbourne,
FL -- February
15, 2023 --
InvestorsHub NewsWire -- Kona Gold Beverage, Inc. (OTCPK:
KGKG), a holding company focused on product development and
distribution in the better-for-you and functional beverage sector
is pleased to announce it has signed a distribution agreement with
A&B Distributors. A&B Distributors will distribute the
Company's 12oz Sparkling Ooh La Lemin and 16oz Ooh La Lemin
Lemonades in the states of Arkansas, Oklahoma, and
Texas.
A&B
Distributors will cover the entire states of Arkansas and Oklahoma
along with 19 counties in Texas, which includes Dallas and the
surrounding area.
These will
be new markets for the Company's popular lemonades, with an
approximate combined population of 14 million people.
Founded in
1979 by Lou Moreau, A&B Distributors began with 7 employees and
1 supplier out of a single warehouse location in Okmulgee,
Oklahoma. The commitment to excellence over the years has allowed
A&B Distributors to grow to over 300 employees, 75+ suppliers,
and additional locations in Oklahoma, Arkansas, and
Texas.
A&B
Distributors partners with the fastest growing and most innovative
brands by staying committed to executing supplier growth plans,
exceeding expectations, and their potential on a national
scale.
"I am
pleased to announce to our stockholders and customers, Ooh La Lemin
is coming to the great states of Arkansas, Oklahoma, and Texas,"
stated Robert Clark, CEO of Kona Gold Beverage, Inc. "We have
partnered with the A&B Distributors, the leading distributor in
those regions, and our team is excited to launch our Ooh La Lemin
Lemonades in these new markets.
With 6
warehouse locations, growing to 10 in 2023, A&B Distributors
will make a big impact over a large geographical location and get
our Ooh La Lemin Lemonades in more consumer hands."
Kona Gold
Beverage recently announced distribution partnerships in San
Francisco, Illinois, and Minnesota.
The
popularity of the Company's Ooh La Lemin Lemonades and its
partnership with Strategy & Execution has accelerated growth
and rapid expansion as it aims to have 100% DSD distribution across
the country in the next 2-3 years.
For more
information regarding A&B Distributors, please
visit:
https://abbeer.com/
For more
information regarding Kona Gold Beverage, please visit:
https://konagoldbeverage.com/
About Kona
Gold Beverage, Inc.
Kona Gold
Beverage, Inc., a Delaware corporation, has created wholly-owned
subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf
Distribution, LLC.
Kona Gold,
LLC has developed a premium Hemp-Infused Energy Drink line; please
visit its website at
www.konagoldhemp.com.
HighDrate,
LLC has developed the beverage industry's first CBD-Infused Energy
Water, available in 6 delicious flavors; please visit its website
at
www.highdrateme.com.
Gold Leaf
Distribution, LLC was created to fill the Company's distribution
needs in markets that it wants to enter quickly; please visit its
website at
www.goldleafdist.com.
Kona Gold
Beverage, Inc. recently rebranded its Lemin Lemonade to Ooh La
Lemin Lemonade; please visit its website at
www.oohlalemin.com. Kona Gold
and its family of companies are located on the east coast of
Florida in Melbourne and in Greer and Conway South
Carolina.
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 Registration Statement on Form
S-1.
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:
Robert
Clark
844-714-2224
investorrelations@konagoldbeverage.com
