MISSISSAUGA, Ontario, June 27, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS), today announced that it has contacted the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC to investigate the alleged abuse and illegal use of Internet message boards in the dissemination of improper trading information aimed at investors of the Frankfurt Exchange. KMA Global has taken immediate action in response to shareholder claims that market participants have acted to manipulate the trading price of its common stock through a coordinated effort using "bull" message board postings. The Company estimates that damages resulting from this unlawful market activity are in excess of $50,000,000.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "It is unfortunate that the utility of Internet message boards has now created a means for stock spammers to exploit the investment community." He continued, "We want our investors to know that we take this matter very seriously and feel compelled to take necessary action to protect the interests of legitimate stockholders."
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. (http://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: 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.