5/3/2007
MISSISSAUGA, Ontario, May 3, 2007 (PrimeNewswire via COMTEX News Network) --
KMA Global Solutions International, Inc. (OTCBB:KMAG) today announced that it is taking steps to drive a significant increase in its production capacity as a result of the opening of a new factory and sales office located in the Kowloon district of Hong Kong. KMA's new facility will be principally engaged in the manufacturing, quality control and distribution of the company's NEXTag sew-in source tagging solution used in apparel items sold around the world.
Initial production should be underway by the end of May and fully on line by the end of June. The factory is initially expected to produce about 2.5 million units per week however, Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., stated that a number of planned expansions will ultimately result in a capacity in excess of 250 million units annually, by 2010.
Mr. Reid went on to say, "We are excited about expanding our manufacturing capacity internationally. This latest addition physically brings us much closer to a great many of our customers and we expect that will translate into an increase in customer satisfaction. It will also result in a dramatic reduction in freight costs and delivery timelines, and will shorten our supply line for raw materials, ultimately leading to lower operating costs and improved margins. We anticipate a smooth transition in bringing this latest plant on line and are grateful to our dedicated team for their efforts in seeing everything come together so quickly."
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.
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, 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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. Jeff Reid 905-568-5220 ZA Consulting Inc. Investor Contact: 212-505-5976 pressreleases@za-consulting.net
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