KMAG in Negotiations With Security Technology Supplier to Deliver Dual Tags
December 14 2011 - 8:30AM
Marketwired
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.
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 Inc. Investor
Relationsinvestorrelations@kmaglobalsolutions.comwww.kmaglobalsolutions.com
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