ROCKLEDGE, Fla., June 09, 2017 (GLOBE NEWSWIRE) — Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand of exclusivity and status, is pleased to announce that the Depository Trust Company (DTC) has lifted the “Deposit Chill” on the Company’s stock and has resumed accepting deposits of its common stock for book entry electronic transfer services. The company has worked diligently and dedicated a great amount of time and money in successfully having the chill lifted, which was placed on their security several years ago under previous management.
The lifting of the DTC Chill on Kona Gold Solutions, Inc.’s common stock now allows brokerage firms to trade the company’s security via book entry and makes the company DTC Eligible once again.
“We are very happy to announce to our shareholders that the DTC has lifted the chill that was placed on our company back in 2012. We have overcome a huge hurdle that has weighed down opportunities our company has not been able to take advantage of because of the chill,” stated Robert Clark, CEO of Kona Gold Solutions, Inc. “We continue to move our company forward by creating a solid foundation to build upon, and I and our team are very excited in what is in store for Kona Gold in 2017 and beyond.”
Clark Continued, “We were never informed by previous management that there was a chill placed on the company, but once informed, we knew we needed to dedicate a tremendous amount of time and money to become DTC Eligible again. With the chill lifted, it not only helps the company tremendously by opening up new opportunities, but also helps increase value for our very loyal shareholders. I am proud of our team for accomplishing this goal as I know many securities are never successful in removing a chill.”
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Kona Gold Solutions, Inc.:
Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware Corporation, which has developed a premier Hemp Infused Energy Drink, Energy shots, and Apparel; please visit the Company’s new website to view updates and new products at www.konagoldhemp.com. The Company announced it has moved its Corporate Headquarters to Rockledge, FL. Kona’s new warehouse and office space gives the Company the space needed to expand rapidly.
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. 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.
CONTACT: Investor Relations Contact: investorrelations@konagoldhemp.com