MISSISSAUGA, Ontario, Sept. 11, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS), a leading worldwide provider of EAS (Electronic Article Surveillance) solutions, reports that the company has received an additional $1,000,000 through the exercise of existing investor warrants. This brings the total amount received by the company from its January 2007 financing to more than $2,000,000. The transaction was subsequently registered in a Form SB-2 registration statement which was declared effective by the Securities and Exchange Commission on May 22, 2007.
KMA Global is utilizing proceeds received from the exercise of the warrants to purchase additional EAS manufacturing equipment, as well as equipment upgrades. Additionally, KMA is making improvements at its new Hong Kong facility to increase production and distribution capacity.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "We are encouraged that our shareholders continue to support the growth of the company. We are pleased with the direction the company is headed and its prospects in the future."
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 needs. KMA's 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.
For more information please 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.