Monday, May 14, 2012
KMAG - Chart Play?
KMAG is a stock I wrote about last week. While I don't like the stock if I were to just look at the chart I see a few reasons why this stock might be ready to turn higher, even just for a few days.
The stock could be putting in a golden cross. Time will tell. Currently KMAG sits at $.0065 a share on some selling this morning. News was out near the open of trade (pasted below). I think the stock could put in a little rally to $.012 - $.015 a share before resuming its decline.
KMAG Announces Progress Shipments to Major USA Retailers Marketwire "Press Releases" TORONTO, ONTARIO -- (Marketwire) -- 05/14/12 -- KMA Global Solutions International, Inc. (PINKSHEETS: KMAG) is excited to share progress for two (2) USA based retailers. Recently Jeffrey D. Reid , CEO, visited the two (2) factories that are responsible for KMAG's production and shipping. One Factory (A) produces some of KMAG's RFID solutions while the other Factory (B) produces some of KMAG's security products. Progress Shipment #1 to our major East Coast retailer is the first of 10 planned shipments with an initial weekly demand providing our new unique security solution for the fashion footwear industry. This order is processed and delivered from Factory (A) totalling just over $213,000 USD and Shipping to the retailer's USA distribution center. As we indicated in our prior press release, as soon as this first order makes it to the shelves KMAG will be able to begin marketing this solution to other customers. This is a very exciting time and the beginning of an initial demand in excess of $4 million per year for this one client using this one product. Progress Shipment #2 to a major USA -based, international retailer is a recurring order for security tags. KMAG is exploring new methods of incorporating these products into the retailer's operations. Packaged and delivered from Factory (B), this progress order totalled just over $131,000 USD and shipped to 3 different distribution centers in the USA . CEO Jeffrey Reid states, "KMAG continues to develop unique solutions in this growing market that keeps us ahead of the competition." About KMA Global Solutions International, Inc. 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 International , visit: 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", and "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. Contacts: KMA Global Solutions International, Inc. Investor Relations firstname.lastname@example.org www.kmaglobalsolutions.com Source: KMA Global Solutions International Inc.