MISSISSAUGA, Ontario, March 30, 2006 (PRIMEZONE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG), formerly Espo's Ltd., announced today the filing with the U.S. Securities and Exchange Commission of its Form 10-SB to register its common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934. This registration document provides a comprehensive description of the Company's recent change of control as well as a detailed explanation of its current business model, including audited consolidated financial statements for the year ended January 31, 2006.
On March 10, 2006, the Company entered into a merger/reincorporation with Espo's Ltd., a New York corporation and retailer of aquatic sporting goods and athletic apparel since September 7, 2001. The Company, as the surviving corporation, completed a reorganization pursuant to which the former Espo's Ltd. ceased its business and transferred its assets and liabilities to entities that are unaffiliated with the Company. The Company was reincorporated under Nevada law as KMA Global Solutions International, Inc. and appointed a team of experienced executive officers and directors, including Jeffrey D. Reid as Chairman, President and Chief Executive Officer. KMA Global Solutions International, through its operating affiliates, provides Electronic Article Surveillance (EAS) solutions for retailers and consumer product distributors worldwide.
"We are very excited to become a fully reporting public company and believe that this is an ideal time for us to gain exposure within the U.S. financial markets. The success of our proprietary DUAL Tag(tm) and NEXTag(tm) products and the expansion of our customized product offerings in a variety of large industries provide great potential for incremental revenue growth. We remain committed to optimizing the dynamic success our existing EAS applications and high speed processes, and intend to further develop our other innovative EAS products to include leading RFID technology," commented Mr. Reid. "Our rapidly growing list of clients worldwide and our reputation for on-time delivery in the industry are driving our international expansion."
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.