Kma Global Solutions International, Inc. (GM CE) (USOTC:KMAG)
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2 Years : From Dec 2011 to Dec 2013
KMA Global Solutions International Inc. (PINKSHEETS:KMAG) is currently in negotiations with a major security technology supplier to partner with the production and marketing of the patented Dual Tag.
This creates a huge new opportunity to deliver Dual Tags to the traditional packaging market in North America. Current estimates are 100 million units resulting in excess of $10 million in additional revenue annually.
The advantage to the technology provider is to be able to actively market their technology without having the conflict of delivering their competitors' technology at a price disadvantage.
It is anticipated that delivery of the Dual Tag to a primary customer in coordination with the technology supplier would take place soon. The primary source for the technology is built in China with packaging being delivered at US and Canadian packaging facilities.
Jeffrey D Reid, CEO of KMA commented, "KMA developed the Dual Tag originally with a similar partnership and gained its original market share in the Computer Games which at the time were delivered in special DVD cases which contained the Dual Tag. To be able to re enter the marketplace with a primary supplier will reduce our cost of sales and increase our exposure immediately."
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(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.
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.
KMA Global Solutions International Inc.