Kona Bay Technologies Inc.
TSX VENTURE : KBY

Kona Bay Technologies Inc.

October 21, 2016 18:00 ET

Kona Bay Technologies Announces Change of Auditor

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 21, 2016) - Kona Bay Technologies Inc. (the "Company") (TSX VENTURE:KBY) announces that as a result of management's recommendations, its auditor, Manning Elliot LLP, Chartered Professional Accountants (the "Former Auditor") has voluntarily resigned as auditor for the Company. The resignation was not as a result of any reportable event (as that term is defined in section 4.11 of National Instrument 51-102, Continuous Disclosure Obligations). DeVisser Gray LLP, Chartered Professional Accountants (the "Successor Auditor") has been appointed as the replacement auditor for the Company. Copies of the Notice of Change of Auditor and letters from Former Auditor and Successor Auditor have been SEDAR filed. The Successor Auditor will be completing the Company's audit for its year ended September 30, 2016.

Kona Bay Technologies Inc.

Kona Bay Technologies is a global provider of Online Customer Acquisition software and services. We acquire, manage, and build Online Customer Acquisition businesses that address the specific client acquisition needs of our customers in particular vertical markets.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of Kona Bay Technologies Inc. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company's results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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