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Micro-Cap on the Move; KMA Global Solutions International Inc. (KMAG)

By Warren Paige

KMA Global Solutions International Inc. (PINK: KMAG), a company focused on providing generic and customized solutions in the apparel, multimedia, sporting goods, food and pharmaceutical industries, last week, said that it received a number of questions involving false statements from Mina Mar Marketing Group.

KMAG said that its CEO, Jeffrey Reid, met with Mina Mar in late 2009 and discussed possible business transactions. However, no transaction was ever completed and Mina Mar received a letter to confirm the cancellation of any further discussions.

KMAG said that there are no effective or pending agreements or understandings between it and Mina Mar that either will do anything. KMAG also noted that Mina Mar is not its investor relations firm.

CEO Reid said that KMAG has positive strong business opportunities that it is concentrating all of its efforts to deliver.

KMA Global Solutions International shares rose sharply on Friday. The stock ended the day 11.94% higher at $0.0075.

 

May 14th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.