SOURCE: KonaRed Corporation
KALAHEO, HI--(Marketwired - Jan 28, 2014) - KonaRed Corporation (www.KonaRed.com) (OTCBB: KRED), developers of the powerful Hawaiian Coffee Fruit wellness beverage which is sold in select Whole Foods, Safeway, Sprouts, 7-Eleven, and many other retail outlets throughout the U.S. and Canada, today announced it has closed a private placement investment with an institutional investor and another third party in the amount of US $1,000,000.
The new investment will provide interim working capital, while enabling KonaRed to expand its marketing and sales strategies and activities. A more detailed description of this investment is set forth in KonaRed's Current Report on Form 8-K which will be filed with the SEC in the requisite time frame.
None of the securities issued in connection with the investment have been registered under the United States Securities Act of 1933, as amended (the "Act"), or under the securities laws of any state in the United States, and were issued in reliance upon exemptions from registration under the Act. None of the Securities may be offered or sold in the United States absent registration under the Act or pursuant to an available exemption from such registration requirements.
About KonaRed Corporation
KonaRed Corporation is in the business of bringing the health and wellness attributes of Hawaiian Coffee fruit to the masses. KonaRed Corporation has developed an innovative, state of the art, proprietary process that produces antioxidant-packed extracts and powders from Hawaiian Coffee Fruit which are used in its Antioxidant Juices, Organic Green Teas, and On-the-Go Packs, as well as ingredients which can be added to food, beverages, and nutritional products. The company is headquartered in Kalaheo, Hawaii, and its products are sold in select Whole Foods, Albertsons, Safeway, Sprouts, Wal-mart, 7-Eleven, and many other retail outlets throughout the US and Canada. For Investor Relations information about the company, contact IR@KonaRed.com. For Media Inquiries, contact PR@KonaRed.com.