OTC Bulletin Board

S & P Company Insight for KMA GLOBAL SOLUTIONS
 
 Profile

 
Business Summary: KMA Global Solutions International, Inc. manufactures and supplies electronic article surveillance (EAS) solutions for the apparel, multimedia, sporting goods, and food and pharmaceutical industries, as well as for contract manufacturers worldwide.
 
Address
  5570A Kennedy Road
  Mississauga , Ontario L4Z 2A9
  Phone: 905-568-5220
  Fax: 905-568-4446
  Website: http://www.kmaglobalsolutions.com
Auditor
  McGovern, Hurley, Cunningham
Transfer Agent
  American Registrar & Transfer Co.
Employees:  3
ShareHolders:  21
Founded:  2006
Domicile:  Nevada
 
  
 
 Background

 
KMA Global Solutions International, Inc. manufactures and supplies electronic article surveillance (EAS) solutions for the apparel, multimedia, sporting goods, and food and pharmaceutical industries, as well as for contract manufacturers worldwide. The company's EAS solutions include sensor tags and labels for protection against retail merchandise theft. Its source tagging solutions product line consists of Dual Tag and Triple Tag products that are integrated into automated production processes and applied in primary packaging or on the product. The company's sew-on source tagging solutions product line includes Original NEXTag, NEXTag Slimline, NEXTag Jean, and NEXTag Woven, which provide manufacturers of soft-goods with an EAS solution within retailer guidelines and located on the particular garment. Its drop-in source tagging solutions product line comprises Original NEXTag, and NEXTag limlineTyvek, which are EAS tagging solutions that are placed loose inside the garment pockets or empty battery compartments in items requiring batteries. KMA Global's attachable source tagging solutions consist of Wrap Tags for use in various applications, including electrical cords, footwear, fishing rods, plumbing, and other hard good items; luggage tags for `swift-attached' applications; and Logo Tag that is used in various applications, including branded apparel, children and infant apparel, footwear, and sunglasses. Its adhesive source tagging solutions product line comprises Meat Tag for packaged meat or frozen food applications; and Foamback Tag, which maintains sensor functions in metallic applications. KMA Global's custom source tagging solutions product line includes customized products to address source tagging requirements, such as limited size or space, concave surfaces, or microwave environments. In addition, it distributes Sensormatic EAS labels. The company was founded in 1996 and is headquartered in Mississauga, Canada.
History:  INCORPORATED in Nevada Mar. 9, 2006, and on Mar. 10, 2006, merged Espo's Ltd., a New York concern incorporated on Sept. 7, 2001. Pursuant to the merger, each of the 2,709,223 outstanding Common shares of Espo's Ltd. was converted into one share of the company's Common. Pursuant to an agreement entered into on Mar. 15, 2007, the company acquired Canadian based KMA Global Solutions Inc. in exchange for 34,244,800 shares of the company's Common stock. In connection with the acquisition, the company formed KMA Global Solutions, LLC, a Nevada limited liability company, and subsequently issued 1,700,000 shares of its Common stock in exchange for 100% of its membership interests.
 
Subsidiaries:
KMA Global Solutions Inc.
KMA Global Solutions LLC
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Jeffrey D. ReidChairman, President, Chief Financial Officer & Chief Executive Officer
 Normand  NowlanChief Operating Officer
 William Randal FisherSecretary & Treasurer

Directors
 Daniel K. Foster
 Michael  McBride
 Jeffrey D. Reid
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  200820072006
SALES4,877,6066,630,8846,503,864
COST OF SALES
Inventories, beginning of year303,117452,055616,157
Purchases3,671,5365,193,6414,924,606
Less: Inventories, end of year302,934303,117452,055
GROSS MARGIN1,205,8871,288,3051,415,156
SELLING, GENERAL AND ADMINISTRATIVE
EXPENSES3,062,2862,385,4051,305,298
(Loss) income before income taxes(1,856,399)(1,097,100)109,858
Income taxes - future -(360,697)14,676
NET (LOSS) INCOME FOR THE YEAR(1,856,399)(736,403)95,182
(LOSS) INCOME PER SHARE
Basic(0.03)(0.02)0.003
Diluted(0.03)(0.02)0.003
Weighted average number of common shares61,989,48740,423,34532,136,800
 
Balance Sheet
  20082007
ASSETS
CURRENT
Cash73,14922,710
Accounts receivable84,045287,701
Inventories 302,934303,117
Prepaid expenses118,964340,210
TOTAL CURRENT ASSETS579,092953,738
DEPOSITS ON EQUIPMENT AND PATENTS278,70757,342
EQUIPMENT AND PATENTS 925,241641,178
FUTURE INCOME TAXES 393,925335,958
DEFERRED COSTS -212,404
Total assets2,176,9652,200,620
LIABILITIES and Shareholder's Equity
CURRENT
Accounts payable and accrued liabilities1,161,7911,062,297
Unearned revenue60,364-
Current portion of capital lease obligation -55,804
TOTAL CURRENT LIABILITIES1,222,1551,118,101
ADVANCES FROM SHAREHOLDER 136,49887,053
CAPITAL LEASE OBLIGATION -207
SHAREHOLDERS' EQUITY
Com. stk.75,33342,066
ADDITIONAL PAID-IN CAPITAL 4,845,029729,098
SUBSCRIPTIONS RECEIVABLE(2,730,000)-
SHARES TO BE ISSUED -826,485
ACCUMULATED OTHER COMPREHENSIVE INCOME (Note 8)(11,230)51,031
WARRANTS 1,149,000-
(DEFICIT) (2,509,820)(653,421)
Total liabs. and equity2,176,9652,200,620
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   11,120,000
  2008   Full Year 4,880,000
  2007   4980,000
  2006   Full Year 6,600,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1(200,000)
  2007   4(880,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2008   1Nil
  2008   Full Year (.03)
  2007   4(.01)
  2006   Full Year (.02)
 
  
 
 Stock Data

 
 
Capitalization as of 07/31/2007:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par25,000,000None
Common $0.001 par175,000,00058,783,319
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  05/22/2007, 21.
PRINCIPAL STOCKHOLDERS: April 27, 2007, Jeffrey D. Reid owned or controlled 49.5% of the Common.
 
Transfer Agent:  American Registrar & Transfer Co.   Salt Lake City , UT
 
OTC Bulletin Board( Primary): KMAG
 
ExchangeYearHighLow
OTC Bulletin Board20071.36000.0500
OTC Bulletin Board20065.00000.0118
 
DIVIDENDS: Common $0.001 par: No cash. Common split 17-for-1, Mar. 17, 2006.