KOLOA, Hawaii – KonaRed Corporation, manufacturers of Antioxidant Juices from the unique and exclusive Hawaiian CoffeeBerry, coffee fruit from Kona, Hawaii, yesterday 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.
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.
Source: press release
