Quarter two ending June 30, 2017 earnings up over 305% YOY
Signs multiple new top tier sales organization contracts, Impact Group Nationally, The Reese Group for Military, Johnson O'Hare in the Northeast and Moscoe Group
SAN CLEMENTE, Calif., Sept. 7, 2017 /PRNewswire/ -- KonaRed Corporation (KRED), manufacturers of healthy Hawaiian inspired coffee products including: award winning Ready to Drink (RTD) cold brew coffee varieties, 100% Kona coffee beans, as well as RTD antioxidant juices and coffee fruit powders, today reported it continues its record sales growth and signing of multiple game changing sales and distribution agreements.
Fueled by accelerated growth in sales of Ready to Drink Cold Brew Coffees during the six month period ending June 30, 2017, KonaRed's sales surpassed $1.5MM, which compares to roughly $384k for the same period in 2016. That is over 305% growth. The company expects Q3 to be even stronger.
KonaRed also reported it has signed a deal with Impact Group (Boise, Idaho) to represent the company Nationwide and lead its sales and marketing efforts in the natural and grocery channels.
Impact Group is regarded as a leader and trusted adviser in grocery marketing by delivering consistent value to manufacturers and customers. Impact Group offers a range of services to their clients including data insights, marketing services, merchandising support, headquarter sales, customer service and deduction management.
The RTD coffee category has doubled in size over the past 5 years, and KonaRed is an emerging leader within the category. KonaRed is currently sold in numerous major national retailers, and looking to gain distribution in all outlets. Impact Group is committed to building brand equity for KonaRed and will provide creative strategy and collaborative planning as they market their products through conventional, specialty and natural retailers. Partnering with KonaRed closely fits Impact Group's strategy to help grow natural and emerging brands on a national scale in the grocery and natural channels.
KonaRed also announced that it has signed broker agreements with Reese Group for Military sales, Johnson O' Hare as its Northeast Sales Broker and Moscoe Group as its Target Sales Broker. These groups, in addition to Impact, are leaders in class and represent the top of the industry.
Kyle Redfield, President & COO commented, "With the momentum we've had over the last 24 months and the addition of these world class sales and marketing brokers now representing us, we expect our sales to continue to grow triple digits. We are in the right category with great products at the right time, and with the right team. I feel very good about the progress we are making."
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 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.
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