MISSISSAUGA, Ontario, Aug. 15, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS), a leading worldwide provider of EAS (Electronic Article Surveillance) solutions, confirms guidance for Fiscal 2008 of $15 million in estimated sales and EBITDA (earnings before interest, taxes, depreciation and amortization) of $2.5 - $3 million or approximately $0.05 per share. Fiscal 2008 means the period of KMA's 2008 fiscal year, which begins February 1, 2007 and ends January 31, 2008.
According to Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., "We are extremely pleased with the direction of the company. August has been a record month for a combination of reasons. The company is witnessing strong growth and continued success in entering new market segments. In fact, our products are becoming prominent EAS solutions in the apparel, OTC drug, Alcohol, and electronic media industries. Most promising is our growing strength in the OTC drug market and the nutriceutical market. Facing numerous regulations, OTC drug companies are increasingly choosing our DUAL Tag as a cost effective solution that addresses both inventory control and tracking, and theft prevention. We will continue to capture market share in a variety of industries as the year progresses."
EBITDA (earnings before interest, taxes, depreciation and amortization) is a financial measure which the company believes is a useful performance indicator. EBITDA is not a recognized term under generally accepted accounting principles, or "GAAP," and should not be considered as an alternative to net income/(loss) or net cash provided by operating activities, which are GAAP measures. A reconciliation of EBITDA to net income/(loss) will be provided in the year-end earnings release, as will both actual results for the fiscal fourth quarter and full year period.
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. (http://www.kmaglobalsolutions.com) 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 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 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, and 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.