MISSISSAUGA, Ontario, April 23, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS) announced today that KMA has entered into an agreement to supply its patent pending Dual Tag to a major packaging company in North America, targeting select over-the-counter (OTC) pharmaceuticals for a leading pharmaceutical client.
This source tagging program, which applies the Dual Tag in line with its high speed packaging lines, is anticipated to generate revenues of $1.5 million for KMA annually. KMA Global has also developed a new low cost production line for greater opportunity with its Dual Tag. The company expects that this new production will accelerate its dominance in this marketplace.
KMA Global's Dual Tag provides protection theft with its innovative combination of two leading Electronic Article Surveillance (EAS) technology in a single application without a reduction of packaging line production speed of more than 10%. Packaging companies consider the Dual Tag to be a major innovation for their industry as applying the two separate EAS technologies reduces production efficiencies by over 50%. This dual technology eliminates inventory costs associated with duplicate inventories carrying different EAS labels and allows the OTC pharmaceutical products to be sold at any of its leading retailers.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "The packaging industry has long had a need to improve the performance of source tagging EAS labels. KMA's Dual Tag allows higher run speeds thus greater output for the packagers and at the same time deliver cost efficiencies to the brand owner. KMA will make a major effort to dominate this marketplace with increased awareness programs and a new direct sales force calling on the packaging houses."
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.
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: 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.