KMAG News KMAG Reduces Authorized by 250,000,000
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KMAG News KMAG Reduces Authorized by 250,000,000 shares, Management Analyzing the Opportunity of a Stock Buyback
2012-05-01 09:30 ET - News Release
TORONTO, ONTARIO -- (MARKET WIRE) -- 05/01/12
KMA Global Solutions International, Inc. (PINKSHEETS:KMAG) announces KMA Global Solutions International Inc. has reduced its authorized share structure by 250,000,000 from 1 Billion shares of Common stock to 750,000,000 shares.
Authorized Shares 750,000,000
Shares Outstanding 609,420,100
Float 543,051,805
The Management is currently analyzing the possibility of a stock buyback considering our strong recovery and reemergence into the market segment.
CEO Jeffrey Reid states "KMAG has reorganized its share structure to reflect our debt free Balance Sheet, and the desire to emerge as a transparent organization. All Convertible debt notes are fully converted. KMAG has reinvented itself and is on a productive track of growth."
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