KMA Global Solutions International Inc. (PINK: KMAG), a supplier of superior, cost-effective, source tagging products, this week, announced progress on shipments to major U.S.-based retailers.
KMAG said that recently, Jeffrey Reid, its CEO, visited the two factories that are in charge of the company’s production and shipping. One of the factory produces some of KMAG’s RFID solutions, while the other one produces some of KMAG’s security products.
KMAG said that the first shipment is to a major East Coast retailer. It is first of 10 planned shipments. The order is being processed and will be delivered from the factory that produces KMAG’s RFID solutions.
The second shipment is to major U.S.-based international retailer. It is a recurring order for security tags.
Commenting on the development, CEO Reid this week said that the company continues to develop unique solutions that keep it ahead of the competition.
KMAG shares are down sharply in trading today. At last check, the stock was trading 8.06% lower at $0.0057 on volume of 4.26 million.
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