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KMAG KMA Global Solutions International Inc (CE)

0.000001
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
KMA Global Solutions International Inc (CE) USOTC:KMAG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

KMA Global Solutions Delivers New Application Equipment

16/12/2011 1:30pm

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KMA Global Solutions (CE) (USOTC:KMAG)
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KMA Global Solutions International, Inc. (PINKSHEETS:KMAG) introduces its latest version of application equipment two months ahead of schedule.

KMA Global Solutions, working with Milestone Automation has completed the development and is ready to deliver its newest RFID enabled label applicator. After more than 12 months of testing both Alpha and Beta versions of this equipment the company has completed the RFID enabled label applicator. Original plans were to deliver the final version to our key client in Q1 of 2012. The issues requiring new machining were solved and final parts were delivered ahead of schedule allowing for the equipment to be assembled and tested this week.

The labeller has been tested to apply labels at speeds of more than 1200 labels per minute of our smallest EAS label and 600 RFID enabled dual tags per minute. These speeds are required with typical packaging lines running in excess of 50,000 small sized cartons per hour.

KMA Global Solutions has estimated to deliver 50 to 100 machines in the next fiscal year which equates to additional revenue in excess of $3,000,000 annually.

Jeffrey D Reid CEO of KMA commented, "Today KMA Global Solutions shipped its final version of its Label Applicator which is designed to deliver both EAS and RFID labels at the highest speed in the industry. The incentive to create an applicator was driven by difficulties in achieving speeds that allowed KMA Global Solutions' suite of Dual tags to achieve desired savings to its packaging clients both for EAS and RFID."

About KMA Global Solutions International, Inc.

KMA Global Solutions International, Inc. is a leading worldwide manufacturer and supplier of Electronic Article Surveillance (EAS) labels for the multimedia, retail apparel, health/beauty aids, soft goods, and over-the-counter pharmaceutical industries. KMA provides low cost solutions for retail protection against inventory theft, offering customized labels that use a variety of patented formats to meet unique packaging needs. KMA's patent pending DUAL Tag(TM) is the only product available that combines the two leading EAS technologies in a single, high speed application to eliminate the need for multiple inventories and its patented NEXTag(TM) is the solution of choice for soft goods as a small, flexible non-woven label conveniently sewn into a garment at its manufacturing source.

At KMA, our Business Mission is to constantly reinforce our industry leadership as a preferred competitive supplier in the timely delivery of superior, cost effective, source tagging products - all the time, every time.

For more information about KMA Global Solutions International, visit: http://www.kmaglobalsolutions.com.

Forward-Looking Statement

Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements'' for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.

Contacts: KMA Global Solutions International, Inc. Investor Relationsinvestorrelations@kmaglobalsolutions.com

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