KMA Global Solutions International Inc. Announces Memorandum of Understanding with PI Innovations
November 15 2011 - 7:30AM
Marketwired
KMA Global Solutions International, Inc. (PINK SHEETS:KMAG) is
pleased to announce that it has signed a non exclusive Memorandum
of Understanding to supply RFID labels and technology to PI
Innovations. PI innovations is developing a suite of products and
technology for the Baggage handling industry that covers Airports
around the world and any other transportation format where luggage
is placed. The annual baggage volume is over 2 billion bags
annually in the airline industry alone.
PI Innovations has developed "Intellectual Property" in the
field of managing baggage for the airline industry and other
baggage like travel markets. The current management system is an
International Third party provider to the Airline Industry. PI
Innovations' systems are an in house system for the Airlines
allowing for a functional tracking system for complete internal
controls.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions
International, Inc., commented, "This is an excellent opportunity
at the ground level working with the chief architect of their
business we have first hand design opportunities."
KMA's DUAL Tag(TM) provides theft protection through its
innovative combination of two leading Electronic Article
Surveillance (EAS) technologies in a single, high-speed
application. Packaging companies that have adopted DUAL Tag(TM)
consider it to be of great benefit to their operation. When
compared to applying the two EAS technologies separately,
production efficiencies increase substantially and overall costs
are significantly reduced. DUAL Tag(TM) eliminates inventory costs
associated with duplicate inventories that differ only by EAS
technology and allows products to be sold through any retail
channel.
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.
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.
Contacts: KMA Global Solutions International Investor
Relationsinvestorrelations@kmaglobalsolutions.comwww.kmaglobalsolutions.com
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