RZM Armband label question

[Tom Piotro]

Picked up a small grouping last night, in it was an armband with a rzm label.
I am most familiar with the B tax type label, is this a correct or good rzm tag. AND is there a link or thread that deal with the different type's of labels.
Did some searches found some similar label but still no good answer. Holes in armband were from insignia and tinnies that were on it at one time.
Tom

[Tom Piotro]

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[kyles bullets]

I have seen this label before and IMO it is fine. I have not found much information on them though. My thought is that they are either an early or later type tag....