TORONTO, Ontario, Dec. 7, 2009 (GLOBE NEWSWIRE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) is pleased to announce that it has entered into a long term, multi-million dollar development program to produce a DUAL Tag(TM) with EAS (electronic article surveillance) and RFID (radio frequency identification) capability in one.
The new DUAL Tag(TM), to be used in the garment business for one of the largest retailers in the world, will be tested with an initial 20 million units and would generate close to $3,000,000 USD for KMA. Once successfully tested, this product could generate revenues in excess of $10 Million USD annually with just one retailer.
KMA will use its known ability to produce DUAL Tags(TM) already integrating more than one EAS technology on a single label. Both the RFID circuit and the EAS circuit specified by the retailer will be incorporated in a new DUAL Tag(TM). KMA originally developed the DUAL Tag(TM) with this transition in mind, anticipating its compatibility with conventional EAS systems and newer RFID technology in store on per item tagging. Due the proven ability of KMA's partners to distribute the finished product into the supply chain, this program presents a very significant opportunity for KMA in the retail market.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "The potential for this solution to dominate the market is extremely high and is the break in the industry we have all been waiting for." He continued, "This opportunity will take KMA into the next phase of retail supply chain as a leader in this global market."
KMA's DUAL Tag(TM) provides theft protection through its innovative combination of two leading Electronic Article Surveillance (EAS) technologies in a single, high-speed application. Packaging companies that have adopted DUAL Tag(TM) consider it to be of great benefit to their operation. When compared to applying the two EAS technologies separately, production efficiencies increase substantially and overall costs are significantly reduced. DUAL Tag(TM) eliminates inventory costs associated with duplicate inventories that differ only by EAS technology and allows products to be sold through any retail channel.
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.