KOLOA, Hawaii, July 8, 2014 /PRNewswire/ -- KonaRed Corporation (OTCBB/OTCQB: KRED), manufacturers of Antioxidant Juices from the unique and exclusive Hawaiian CoffeeBerry®, coffee fruit from Kona, Hawaii, today announced sales growth continued strong in the first half of 2014.
KonaRed's consumer product sales for the six months ended June 30, 2014 grew 71% to $782,141 versus consumer product sales of $458,816 in the comparative six month period ended June 30, 2013. For the six months ended June 30, 2014 total revenues increased 24% to $918,442 versus $738,532 in the comparative six month period ended June 30, 2013.
"These results compare very favorably to total consumer product sales of $606,307 for full year fiscal 2013," said KonaRed's CEO Shaun Roberts.
"We've been working hard at our many sales initiatives and these are starting to yield positive results. Momentum is heading in the right direction and we continue to push to move growth along faster. Based on the fact that in six months we've already exceeded our consumer product sales for full year 2013, I have little doubt that we'll double our sales in 2014 versus 2013 and expect we'll exceed that number," Mr. Roberts said.
About KonaRed Corporation
KonaRed Corporation produces health and wellness nutritional products including beverages and supplements, which bring the attributes of Hawaiian Coffee fruit to an international consumer market. Our underlying business was established on August 22, 2008 and our first sales were achieved in February 2009. KonaRed became publicly traded through a merger with an existing listed company on October 4, 2013 and trades on the OTCBB and OTCQB under the symbol KRED. KonaRed, through a licensing agreement with VDF FutureCeuticals, Inc., utilizes an innovative, state of the art, proprietary processes that produce antioxidant extracts and powders from Hawaiian Coffee Fruit which are used to produce KonaRed's Antioxidant Juices, Organic Green Teas, and On-the-Go Packs. KonaRed Corporation is headquartered in Koloa, Hawaii, and its distribution is centered in San Clemente, California. KonaRed products are sold in select Kroger, Vitamin Shoppe, Whole Foods, Safeway, Walmart, 7-Eleven, and many other retail outlets throughout the US and Canada. 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 Action 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.
For Investor and Media Inquiries, please contact:
KonaRed Corporation Investor Relations
E and E Communications
Paul Knopick
Email: pknopick@eandecommunications.com
Tel 940.262.3584
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SOURCE KonaRed