Union Equity, Inc. Changes Name to Kona Gold Solutions, Inc. to Better Reflect its New Direction in the Hemp Energy Market

Company Now Trades Under Symbol KGKG as it Enters the Fastest Growing Industry in the United States

INDIANAPOLIS, IN / ACCESSWIRE / August 13, 2015 / Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) (OTC Pink: UNQTD) (PINKSHEETS: UNQTD), is pleased to announce that the Company has changed its name to Kona Gold Solutions, Inc. and will now be trading under the stock symbol KGKG (OT Pink: KGKG).

According to Arc View Market Research, the market for legal marijuana is expected to have reached $2.57 billion in sales for 2014, growing from $1.53 billion in 2013. This growth is expected to continue, with the market potentially reaching $10.2 billion by 2018. Between 2009 and 2014, the cannabis industry grew 16.2% annually, and growth is expected to increase to 23.3% annually between 2014 and 2019. Cannabis is currently the fastest growing industry in the United States. If marijuana is legalized at the federal level, revenues for the legal cannabis industry could reach $35 billion by 2020 according to Greenwave Advisors. Currently, 23 states have legalized medical marijuana, and two states, Washington and Colorado, have legalized marijuana for recreational use.

The name change will better reflect the Company’s business model and strategy. Kona Gold Solutions, Inc. will bring on a new management team as well as Board of Directors to assist its growth in the Hemp Energy Market.

“This is another milestone for the company, the name change better reflects the company’s direction and efforts,” stated JT Thornburg, CEO of Kona Gold Solutions, Inc. “I will be stepping down from all positions with the Company within the next seven days. I have put a tremendous amount of time, effort and capital into this company. I look forward to seeing this Company grow for many years to come.”

There is no need or requirement for current shareholders to surrender their shares issued under the old name Union Equity, Inc. in exchange for new shares in the name of Kona Gold Solutions, Inc.

In support of the Company’s new direction, as well as better positioning the company for acquisitions, Kona Gold is restructuring its share capitalization. Effective August 13, 2015, the Company will open trading under the Symbol KGKG, with its shares completing a 1 for 1,500 reverse split.

“This restructuring of Kona Gold through a 1 for 1,500 reverse split will enable the Company to better reflect the Earnings Per Share we hope to achieve and help the Company be more attractive for future acquisitions,” said JT Thornburg. “It took myself and our advisors nearly three years to clean up the old management team’s previous dealings. With my current health conditions and the strong business plan of Kona Gold, I am happy to resign and appoint a new management team that will take Kona Gold to new levels.”

The Company plans to announce new acquisitions as well as its new management team within the next seven (7) business days. Kona Gold is currently targeting Hemp Infused Products as potential acquisitions.

About Kona Gold Solutions, Inc:

Kona Gold Solutions, Inc. is currently in the process of finalizing the acquisition of Hemp Infused Products as well as merging its current subsidiaries out of the Company. The Company plans to have the transition completed within the next seven (7) business days.

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:

To learn more about Union Equity Inc., please contact:
Investor Relations
Office: (317) 575-4113
jtthornburg@live.com
http://www.unionequityinc.com

SOURCE: Union Equity Inc.

ReleaseID: 431281