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Published in House and Home on Thursday, December 15th 2011 at 5:38 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
December 15, 2011 08:30 ET
KMA Global Solutions Signs International Client From Australia
TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - KMA Global Solutions International Inc. (PINKSHEETS:KMAG) is pleased to announce, through its distribution network, that it will start delivery of its patented Next Tag in Q1 of 2012 to a major retailer in Australia.
The retailer has over 150 large locations selling apparel inside a Supermarket atmosphere. Distribution to the retail suppliers will be via the Hong Kong production and distribution network of "r-pac International." This distributor is a global leader in packaging for major retailers around the world with offices in 23 countries. For this particular engagement, the estimated annual volume is 15 to 20 million units with potential growth of up to 50 million units annually. This could generate revenues of over $3 million annually.
Jeffrey D Reid, CEO of KMA Global Solutions commented, "KMA developed the original Next Tag in 1997 for a Canadian retailer estimating annual usage of 100 million units annually. At the time we had production equipment developed to produce 100,000 units daily. Today KMA has the ability to produce over 1 million units daily which makes us the lowest cost producer with the ability to deliver under the most severe delivery schedules."
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™ 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: [ 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.