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MELBOURNE, Fla.,April 11, 2024 -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a prominentholding company specializing in cutting-edge product developmentwithin the better-for-you and functional beverage sector, proudlyannounces its Joint Venture Agreement with Apple Rush Co., Inc.(OTC.PK: APRU) . Both companies are pleased to announce agroundbreaking joint venture agreement aimed at transforming thebeverage industry landscape. This strategic partnership bringstogether the unique capabilities of both companies to innovate,manufacture, and market a range of cutting-edge products catering toevolving consumer preferences.
Kona Gold Beverages, renowned for its premiumenergy drinks and health-conscious offerings, joins forces with AppleRush Co., a diversified holding company with extensive experience infarming and manufacturing within the nutraceutical space. Through itssubsidiary, Lena Brewing, Apple Rush possesses the manufacturingprowess required to bring innovative beverage concepts to life.
Under the terms of theagreement, Lena Brewing will play a pivotal role in manufacturingseveral products for Kona Gold Beverages, including the highlyanticipated Kona Gold Hemps Energy Drink, Highdrate D9 Seltzer, and anexciting new functional beverage line. Apple Rush Co. commits todeveloping a proprietary formula for its new beverages, ensuring ablend that resonates with active lifestyles and meets stringentquality standards.
"We're thrilled to embark on this transformativejourney with Apple Rush Co.," said Brandon White, President ofKona Gold Beverages. "This joint venture represents a convergenceof expertise, innovation, and shared vision to redefine beverageexcellence. With Apple Rush's manufacturing capabilities and ourcommitment to delivering top-tier products, we are poised torevolutionize the industry."
Apple Rush Co. CEO, David A Torgerud, echoedthese sentiments, stating, "The collaboration with Kona GoldBeverages marks a significant milestone for Apple Rush and underscoresour dedication to driving innovation and value creation. By leveragingour manufacturing expertise and Kona Gold's market leadership, weare well-positioned to introduce groundbreaking beverages thatresonate with consumers seeking premium, plant-basedalternatives."
The joint venture agreement underscores the commitment of bothcompanies to harnessing collective strengths and deliveringunparalleled value to consumers. Through collaborative productdevelopment, meticulous manufacturing processes, and strategicmarketing initiatives, Kona Gold Beverages and Apple Rush Co. arepoised to disrupt the functional beverage market landscape.
About Kona GoldBeverage, Inc.
Kona Gold Beverage, Inc., operates as a holding company in thebeverage industry. Through its subsidiaries, Kona Gold LLC and CovertLLC, it offers a diverse range of healthy energy drinks and products.Kona Gold's premium line of energy drinks caters tohealth-conscious consumers, alongside its innovative HighDrate D9Drinks. Covert LLC specializes in high-quality products, includingDelta-8, THCa, THC-P, and Kratom. Headquartered in Melbourne, Florida,Kona Gold Beverage, Inc. is actively engaged in expanding its marketpresence through strategic acquisitions.
Investor Relations Contact:
Phone:844-714-2224
Email: investorrelations@konagoldbeverage.com
For more informationregarding Kona Gold Beverage, please visit: https://konagoldbeverage.com/
About The Apple RushCompany, Inc.
TheApple Rush Company, Inc., through its subsidiary APRU, LLC, is adistributor of CPG products under the trademarked Apple Rush brand,Element brand and other labels. The Apple Rush brand has more than 50years of existence in the natural beverage industry. As a historicalleader in the organic and natural beverage sector our goal is to nowbecome a leader in the distribution of anhydrous hemp oil productsnationwide. For more information, please go to www.aprubrands.com , www.element-brands.com ,elementk.kratomwave.store www.alkhemicalroots.com withour expanded product portfolio.
For media inquiries, please contact:
Investor RelationsContact: Tony Torgerud; 888-741-3777 x 2
Safe Harbor Statement:
The informationposted in this release may contain forward-looking statements withinthe 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. TheCompany may also make written or oral forward-looking statements inits filings with the U.S. Securities and Exchange Commission, in pressreleases and other written materials, and in oral statements made byits officers, directors or employees to third parties. There can be noassurance that such statements will prove to be accurate. The Companycautions that these forward-looking statements are further qualifiedby other factors including, but not limited to, those set forth in theCompany's Annual Reports on Form 10-K and its other filings withthe Securities and Exchange Commission. Forward-looking statementsinvolve risks and uncertainties that could cause actual results todiffer materially from those projected or anticipated. These risks anduncertainties include, but are not limited to, general economic andbusiness conditions, effects of continued geopolitical unrest andregional conflicts, competition, changes in technology and methods ofmarketing, delays in completing various engineering and manufacturingprograms, changes in customer order patterns, changes in product mix,continued success in technological advances and deliveringtechnological innovations, shortages in components, production delaysdue to performance quality issues with outsourced components, andvarious other factors beyond the Company's control. The Companydoes not undertake any obligation to update publicly or to revise anystatements in this release, whether as a result of new information,future events, or otherwise.
Contact Details
Tony Torgerud
+1888-741-3777
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