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Kona Bay Technologies Announces Fourth Quarter and 2016 Full Year Financial Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/13/17 -- Kona Bay Technologies Inc. (the "Company") (TSX VENTURE:KBY) announces its audited financial results for the quarter and year ended September 30, 2016. Results are in Canadian dollars and were prepared in accordance with International Financial Reporting Standards.


                                                                            
                                      Three Months Ended  Three Months Ended
                                           Sept 30, 2016       Sept 30, 2015
Sales                                 $          252,054  $          399,870
Net income (loss) for the quarter     $         (57,096)  $        (170,205)
Earnings (loss) per share             $           (0.02)  $           (0.07)

The 2016 full year results, compared to 2015 are as follows:


                                                                            
                                    Twelve Months Ended  Twelve Months Ended
                                          Sept 30, 2016        Sept 30, 2015
Sales                               $         1,477,571  $         1,212,207
Net income (loss) for the year      $         (347,535)  $         (607,585)
Earnings (loss) per share, basic                                            
 and fully diluted                  $            (0.15)  $            (0.26)

The audited consolidated financial statements and Management Discussion and Analysis for the year ended September 30, 2016 are available at www.sedar.com.

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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