Exclusive Insights on Konared Corp (OTCBB:KRED)

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Las Vegas, NV -- (SBWIRE) -- 12/30/2013 -- Konared Corp (OTCBB:KRED) is growing in the field of technology and web-based solutions. The company, previously TeamUpSport Inc. operates through its platform of www.teamupsport.com. There are no revenues in the financial statements of the company since 2011. The company changed name to KonaRed in October 2013.

Konared says that it has an asset purchase agreement with Sandwich Isles, Shaun Roberts and Steven M. Schorr. The agreement is effective from October 4, 2013. The company closed asset purchase agreement and finally acquired health beverage and food Business from Sandwich Isles.

Konared Corp issued 42,750,000 common stock shares to the seller. The company says that it assumed all liabilities related to the acquired business. Thus, the company will not only enjoy revenues and income of Sandwich, but will also pay its debt.

To find out what OTCMAGIC projects for Konared Corp for both short term and long term please click here: KRED

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