KMAG Announces Strong Results for Q2
KMA Global Solutions International, Inc. (PINKSHEETS:KMAG) has continued with strong results in Q2. Sales revenue in Total $3,350,938 which is an increase of 1957% for the three month period compared to $162,870 ended July 31, 2011.
Gross profit was $616,728 or 18% of sales for the three month period ending July 31, 2012.
Operating Income was $295,941 for the three month Period ending July 31, 2012 compared to an operating loss of $3,549 for the three month period ending July 31, 2011.
CEO Jeffrey Reid states "KMAG is on target for its annual growth projection in both Sales and Profits." During Q2 the Share Buyback was completed adding another 37,100,000 shares to the control block of the company. Additionally preferred shares were converted into Common Shares to a total of 140,579,804 shares adding to the control block and depleting any further shares to be issued to the capacity of 750,000,000.
CEO Jeffrey Reid States "As the major shareholder and founder of KMAG it is my intention to deliver maximum value to ALL SHAREHOLDERS for the long term."
