Replies to post #191374 on KMA Global Solutions International (KMAG)

[CGardener]

SMALLER REPORTING COMPANY REGULATORY RELIEF AND
SIMPLIFICATION

AGENCY: Securities and Exchange Commission.
ACTION: Final rule.


DATES: Effective Date: February 4, 2008, except
for § 249.308b and Form 10-QSB, which will be removed effective October 31, 2008, and Part 228, § 249.310b and Form 10-KSB, which will be removed effective March 15,
2009.

Compliance Dates: After the effective date of the rule amendments, companies currently qualifying as “small business issuers” under Regulation S-B will have the
option to file their next annual report for a fiscal year ending on or after December 15, 2007 on either Form 10-KSB, using the scaled disclosure requirements in Regulation S-B, or Form 10-K, using the new scaled disclosure requirements in Regulation S-K. After a “small business issuer” files that next annual report, it will be required to file quarterly reports on Form 10-Q and annual reports on Form 10-K, and may elect to
comply with the new scaled disclosure requirements of Regulation S-K

http://www.sec.gov/rules/final/2007/33-8876.pdf