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Published in House and Home on Monday, January 9th 2012 at 8:01 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
January 09, 2012 10:57 ET
KMA Global Solutions Delivers RFID Encapsulated Baggage Tags
TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - KMA Global Solutions International, Inc. (PINKSHEETS:KMAG) is pleased to announce that it has delivered its first shipment of RFID encapsulated Baggage tags to its client.
The tags have been tested for durability under the worst handling conditions and have been tested for the ability to be read in the different configurations that will be present in the handling system. Once the system and tags have successfully completed the Beta phase we expect to receive annual revenue in year one to be in excess of $5 million dollars.
Jeffrey Reid CEO and head of product development states, "We are excited to deliver the product and have our customer move forward with the development of the system. KMA is ahead of the planned delivery by 4 weeks and anticipates a follow up order in the near future."
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 patented 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, 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.