MISSISSAUGA, Ontario, Oct. 9, 2006 (PRIMEZONE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) today announced the acceptance of the Company's Form 10SB12G/A, filed on August 25, 2006, with no further comment from the U.S. Securities & Exchange Commission (SEC).
With this approval, the Company is positioned to proceed with plans to transition from quotation on the Pink Sheets to the Over the Counter Bulletin Board. In connection with this transition, KMA Global Solutions International will source a market maker registered with the SEC to apply for quotation of the Company's common stock on the OTC Bulletin Board, subject to the filing of information with and approval by the NASD in connection with SEC Rule 15c2-11 and NASD Rule 6740.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "Moving to the OTC Bulletin Board Exchange and increasing the visibility and liquidity of KMA in the financial markets is an important step toward enhancing shareholder value and achieving our strategic objectives. KMA Global Solutions International has had a successful year to date and we are very excited to have reached this milestone."
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. (www.kmaglobalsolutions.com) 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.
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.