MISSISSAUGA, Ontario, March 31, 2008 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt: VVS) disclosed today plans to restructure the Company throughout the fiscal 2009 year, with a renewed focus on sales to drive revenues higher and improve operations to bring about profitability.
With these changes, KMA anticipates that it will report a profitable first quarter for the period ending April 30, 2008. The Company has streamlined its operations which will result in annualized savings of $500,000 for fiscal 2009 in comparison to the fiscal 2008 year. After investing heavily in equipment and product development over the course of the last two years, KMA has the production capacity to generate revenues in excess of $36,000,000 annually. Further changes yet to be made include augmenting the Company's sales and marketing talent pool with industry experienced professionals.
Additionally, Jeffrey D. Reid, the founder and CEO of KMA, has shed some of his administrative responsibilities in order to focus more of his energy and commit the bulk of his time to driving revenue generation, with the goal of bringing growth back in line with investment. Mr. Reid states, "As the founder of this business, what I have always done best is build the relationships we need in the retail market, and develop our customer base. I have renewed my focus on those specific areas and will be heading up all of KMA's sales activities for the foreseeable future."
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(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.