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Re: None

Monday, 05/21/2012 10:41:27 AM

Monday, May 21, 2012 10:41:27 AM

Post# of 232508
What is the most amazing thing about KMAG? IMO it is having no debt at this point in their life cycle. It's a virtual miracle. To get to where KMAG currently is the following has taken place:

-Jeff Reid conceived the RFID ideas

-He designed them and created plans

-Hired attorneys to patent these ideas

-Built a business team

-Created the product and beta tested it

-Took bids for fabrication

-Awarded contracts for fab work

-Enrolled and brought on clients

-Fabricated product and then sold product

-Delivered product and collected monies

All this while competing in a new industry with huge multinational players who were well funded and staffed beyond what KMAG may ever be.

Mr. Reid did all while avoiding debt. At this juncture in a companies life, they are usually destitute, debt ridden and highly dependent on loans and needing cash from sales to simply exist. KMAG is debt free. This is astonishing.