Kona Gold Beverage's Strategic
Direction and Shareholder Value
Rockledge, FL --
January 30, 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, is excited to share an update from its new management
team.
Dear Valued
Shareholders,
We're reaching out
with significant news from Kona Gold Beverage. We're embarking on a
new phase focused on revitalizing our operations and driving
tangible value for you, our shareholders.
Commitment to Transparency and
Engagement
We are dedicated to
maintaining an open line of communication, sharing updates -
whether they're strides forward or challenges to overcome. We
believe in the power of transparency and consider our shareholders
a vital part of our journey. Look forward to receiving timely,
detailed updates through our material event press releases, keeping
you at the heart of our progress.
Addressing Shareholder Concerns: No Reverse
Stock Split in the Immediate Future
We understand the
importance of addressing your concerns directly. Regarding the
possibility of a reverse stock split (RS), we want to assure you
that such a move is not on the immediate agenda. Our focus is on
strategies that safeguard shareholder interests and promote
sustainable growth. We appreciate your patience and trust as we
navigate this journey together.
Strategic Capital Deployment and Product
Expansion
We're on a mission
to raise capital in a way that preserves shareholder value. Our
recent $5 million credit line is a testament to this commitment. By
establishing this non-dilutive credit line, it enables us to launch
the eagerly awaited rebranded Kona Gold Energy Drinks and fuel
research and development for new beverage products in exciting
market segments.
Navigating Prior Investments with Strategic
Foresight
According to the
company's prior filings, Mast Hill holds a substantial amount of
convertible debt. We will schedule a conference call with Mast Hill
to gain a deeper understanding of their intentions, keep
shareholders fully informed about their holdings, holding periods,
and any conversion timelines.
Building a High-Performing Team for Market
Success
We're assembling a
group of seasoned professionals in sales, in-house marketing, and
brand visibility. Our strategy includes outsourcing specific roles
and services in order to keep overhead down. Our team will be
focused on brand visibility and customer acquisitions.
Your Input Matters: Crafting a Comprehensive
Investor Business Plan
Your insights and
feedback are invaluable to us and we want to hear from our
shareholders. Shareholder feedback is also crucial for us as we
develop a comprehensive investor business plan, detailing our
roadmap, milestones, and key strategies. This plan is not just a
document; it's our commitment to a robust foundation for future
growth. Stay tuned as we keep you informed and involved every step
of the way.
Looking Ahead with Confidence
We appreciate your
support and partnership as we move forward. Should you have any
questions or feedback, we encourage our shareholders to reach out
to us.
Warm regards,
The Kona Gold
Beverage Team
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