MISSISSAUGA, Ontario, Oct. 11, 2006 (PRIMEZONE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) today announces that the Company has requested its NOBO (Non-Objecting Beneficial Owners) list from a corporate services vendor to determine the Company's actual shareholders.
In connection with its anticipated transition from quotation on the Pink Sheets to the Over the Counter Bulletin Board, the Company has requested the information to enable review of the true equity position of all beneficial owners or shareholders. KMA Global Solutions International feels that its current share price is the result of reported short positions and that examining an accurate inventory of its true stock ownership will assist in resolving the discrepancy in respect to its outstanding share position.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "We are very excited to enter into the next stage of our business strategy and are committed to maximizing our shareholder value and achieving transparency in regards to how our stock is traded. To that end, we are conducting a careful analysis of what's going on out there in the marketplace and intend to expose any artificial positions."
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, and 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.