KMAG Update on Temporary Trading Suspension
September 18 2012 - 12:27PM
Marketwired
KMA Global Solutions International Inc. (PINKSHEETS:KMAG) On
September 17th 2012, KMA Global Solutions International, Inc.
("KMAG" or the "Company") which was traded on the Pink Sheets under
the symbol KMAG.PK was suspended from trading by the United States
Securities and Exchange Commission ("SEC") pursuant to Section
12(k) of the Securities Exchange Act of 1934 and that trading in
the securities is suspended for the period from 9.30 am EDT on
September 17,2012 through 11.59 PM on September 28, 2012.
The management of KMAG were not aware of this order previous to
September 17, 2012 and have contacted their legal counsel Sichenzia
Ross Friedman Ference LLP to immediately investigate the status of
the order and what options the Company has to rectify the
situation.
Management of KMAG stands behind all information provided to the
shareholders as factual and supportable.
To address this situation and for the benefit of all KMAG
shareholders, the Company intends to audit its financial statements
for the last two fiscal years and to file a registration statement
on Form 10 to become a fully reporting company under the Securities
Act of 1934. Once filed, the Form 10 will provide shareholders
transparency as to the Company's financial condition and will allow
the Company to verify statements made in its press releases. The
Company reiterates that all claims in its press releases have been
accurate and the registration process will allow the Company to
vigorously defend itself against any claims to the contrary.
About KMA Global Solutions International, Inc.
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.com
www.kmaglobalsolutions.com
KMA Global Solutions (CE) (USOTC:KMAG)
Historical Stock Chart
From Oct 2024 to Nov 2024
KMA Global Solutions (CE) (USOTC:KMAG)
Historical Stock Chart
From Nov 2023 to Nov 2024