KOLOA, Hawaii, May 17, 2016 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), a pioneer of the coffee fruit category and manufacturers of premium Hawaiian coffee products, today reported new regional distribution to fuel the continued sales growth of its Cold Brew Coffee product line.
The company reported new distribution contracts have been signed in key regional areas including Seattle, Portland, San Francisco, Los Angeles, San Diego and Las Vegas for its newly created Cold Brew Coffee line. These additions expand KonaRed's overall distribution network in highly attractive markets and are an indication that KonaRed's Cold Brew Coffees are gaining in popularity.
KonaRed's President & COO, Kyle Redfield, commented "We are continuing to push revenue growth by acquiring shelf presence for our ready to drink Cold Brew Coffees. This product line has been an immediate success on major retail shelves in Hawaii andSouthern California and return orders, or 'turns', have been brisk. We're now rapidly expanding throughout the West Coast as seen by the growth over the last six weeks of our strategic distribution network. These distribution agreements will allow us to reach hundreds more retailers in each region, and are an important step in ensuring the success of our Cold Brew product line. We will continue to focus on expansion in the Western U.S., and feel our timing is perfect with the warm summer months ahead."
About KonaRed Corporation
KonaRed® Corporation is the pioneer of the USA Grown, Hawaiian Coffee Fruit. The company oversees a vertically integrated production chain which starts with the highest quality Coffee Fruit from Kona, Hawaii. The Company produces three Ready to Drink ('RTD') Cold Brew Coffee varieties, plus its well established RTD Antioxidant Juices, 100% Hawaiian Coffee Fruit Powders, and three varieties of Kona Coffee Beans. The Company also has an industrial ingredients division. KonaRed products are sold throughout the U.S., Canada and Japan and can be found in select Kroger, Safeway, Albertsons, Vitamin Shoppe, Target, Whole Foods, 7-Eleven and many other retail outlets. More information about KonaRed and its products can be found atwww.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.