MISSISSAUGA, Ontario, April 24, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS) announced today that the Company entered into an agreement to supply the international division of a major U.S.-based retailer with sew-in source tagging solutions.
KMA's source tagging program, targeted for the fall season, is anticipated to consist of approximately 25 million units, with shipments to the brand's vendors located in Asia, and is expected to generate $2 million in annual revenues for KMA Global.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "We are excited to expand our program internationally with this well-known client, fulfilling part of our strategic objective to target international retailers for high-volume EAS programs. This new division joins a growing list of companies that we currently serve in the specialty apparel and discount sectors, demonstrating KMA's ability to provide cost-effective EAS solutions designed to combat the $70 billion worldwide annual cost of inventory shrinkage in the retail industry."
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. (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(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.
In recent years, retailers have increasingly demanded retail floor-ready merchandise which includes Electronic Article Surveillance (EAS) protection. Under KMA's source tagging program, security tags are embedded in products or affixed to packaging at the point-of-manufacture. The company's patented NEXTag(tm), a low-cost sewn-in solution designed for all types of apparel including swimsuits, intimate apparel and jeans, represents the latest technology in source tagging and has experienced widespread adoption by apparel manufacturers throughout the world.
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: 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.