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KMA Global Solutions International Inc. Executes Supply Agreement With Major Cosmetics Company(December 07, 2011)
TORONTO, ONTARIO -- (Marketwire) -- 12/07/11 -- KMA Global Solutions International, Inc. (PINKSHEETS:KMAG) is pleased to announce that it has executed a supply agreement with a major Cosmetics company. The name of our new client will be revealed shortly pending approval of their marketing plan of our product. According to the terms of the agreement, 20 million units will be required which should produce over $2 Million dollars of revenue annually, representing an over 25% increase in gross revenue for the company.
The Patented Dual Tag will be applied to the packaging component resulting in both leading security technologies to be applied in a single pass during the packaging process of production.
KMA will be working closely with the client to develop further applications for other products as well to develop a RFID enabled Dual Tag for future use. In order to reduce costs of redundant inventory major consumer packaging companies are now seeking technological advances to allow them to maintain shelf ready inventory. The dual tag allows the inventory to be sold at retail with EAS compliance today and in the future the RFID tag will be used for inventory control internally as well externally at retail and answer the EAS component at the same time.
Jeffrey Reid, CEO and head of product development states "Working with a Leader of Industry who seeks to innovate and stay ahead of its competitors is the ideal client. Developing future product innovation with a client that possesses such large volumes allows for expedited efforts and the ability to achieve economies of scale 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 patented 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.
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