KMAG Update on Temporary Trading Suspension
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/18/12 -- KMA Global Solutions International Inc. (PINKSHEETS: KMAG) On September 17th 2012, KMA Global Solutions International, Inc. ("KMAG" or the "Company") which was traded on the Pink Sheets under the symbol KMAG.PK was suspended from trading by the United States Securities and Exchange Commission ("SEC") pursuant to Section 12(k) of the Securities Exchange Act of 1934 and that trading in the securities is suspended for the period from 9.30 am EDT on September 17,2012 through 11.59 PM on September 28, 2012.
The management of KMAG were not aware of this order previous to September 17, 2012 and have contacted their legal counsel Sichenzia Ross Friedman Ference LLP to immediately investigate the status of the order and what options the Company has to rectify the situation.
Management of KMAG stands behind all information provided to the shareholders as factual and supportable.
To address this situation and for the benefit of all KMAG shareholders, the Company intends to audit its financial statements for the last two fiscal years and to file a registration statement on Form 10 to become a fully reporting company under the Securities Act of 1934. Once filed, the Form 10 will provide shareholders transparency as to the Company's financial condition and will allow the Company to verify statements made in its press releases. The Company reiterates that all claims in its press releases have been accurate and the registration process will allow the Company to vigorously defend itself against any claims to the contrary.
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: .
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.
Contacts:
KMA Global Solutions International Inc.
Investor Relations
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Datum: 18.09.2012 - 16:27 Uhr
Sprache: Deutsch
News-ID 184519
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Software
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