KMA Kmg Amer Corp

KMG America Corporation (the "Company" or "KMG America") (NYSE: KMA), announced today that it will host an investor webcast on Tuesday, August 7, 2007 at 10:00 a.m. Eastern to review its financial results for the second quarter of 2007. The results will be issued prior to the market's opening that day. KMG America also plans to provide a brief update on the progress of the review of its strategic alternatives. That review is being conducted in conjunction with Keefe Bruyette & Woods which was retained to assist KMG America in exploring a variety of strategic alternatives, including the possible sale or merger of the Company. Live Webcast and Replay will be available at http://www.kmgamerica.com and archived for 14 days. About KMG America Corporation KMG America is a holding company that was formed to acquire the Southeastern regional insurance company, Kanawha Insurance Company, and to operate and grow Kanawha's insurance and other related businesses nationwide. KMG America offers a broad mix of individual and group insurance products and stop-loss coverage along with third-party administration services to employers and to working Americans. For more information visit: www.kmgamerica.com.