KOLOA, Hawaii, March 7, 2017 /PRNewswire/ -- KonaRed Corporation (OTCQB:KRED), manufacturers of premium Hawaiian Cold Brew Coffee and Whole Bean Coffee products and the pioneer of the USA coffee fruit category, today reported its highest February sales month in Company history.
Fueled by dynamic growth in sales of Ready to Drink Cold Brew Coffees, during February 2017 KonaRed's sales surpassed $220,000, which compares to $43,000 for the same period in 2016.
KonaRed's President and COO Kyle Redfield commented, "Growth of our shipped sales during the start of 2017 have been impressive and exceeded our internal targets. We have been rapidly growing our customer base nationwide, and are only at the beginning of major sales increases. With the customer base we already have coupled with retail commitments set to hit shelves this summer, we are going to continue to experience rapid growth in our sales."
Mr. Redfield continued, "We haven't yet come into the summer months where cold beverage sales spike, so we know the largest sales months are ahead of us. The Cold Brew Coffee category is primed to have its biggest year yet, and continues to prove out as a major growth trend in food and beverage. We have now built a consumer base with our award winning RTD cold brew coffee products that has us positioned as a leader in the category. Overall this is a great time in our company, and we feel confident in our ability to deliver strong results in 2017."
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 Juices, 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, Target, 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.