MISSISSAUGA, Ontario, April 26, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS), a leading worldwide provider of EAS (Electronic Article Surveillance) solutions, today announced the company's financial results for the fourth quarter and the 2007 fiscal year (February 1, 2006 to January 31, 2007). Financial results showed revenues increasing to $6.8 million, including a 40% increase in fourth quarter revenue compared to the fourth quarter results from the previous year.
Based on this positive trend, management forecasts continued growth in the current fiscal year and estimates revenues of up to $17 million in the 2008 fiscal year. The company anticipates reporting its 10K-SB and complete annual report with the Securities and Exchange Commission on or before May 1, 2007.
Jeffrey D. Reid, Chief Executive Officer, commented, "We are very pleased that we were able to develop new strategies to accelerate growth in some of our newer undeveloped markets and finish the fiscal year on a positive note. I think that it is significant that our fourth quarter growth was not only strong, but even as importantly, that such a significant portion of our sale growth came from previously untapped markets. The proven ability of our products to successfully enter new market sectors bodes well for the future of the company, this year and beyond."
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.
In recent years, retailers have increasingly demanded retail floor ready merchandise which includes Electronic Article Surveillance (EAS) protection. Under KMA's source tagging program, security tags are embedded in products or affixed to packaging at the point-of-manufacture. The company's patented NEXTag(tm), a low cost sewn-in solution designed for all types of apparel including swimsuits, intimate apparel and jeans, represents the latest technology in source tagging and has experienced widespread adoption by apparel manufacturers throughout the world.
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.