![](https://investorshub.advfn.com/uicon/16711.png?cb=1675267413)
Monday, May 21, 2012 10:41:27 AM
-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.
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