**FORM      10-Q**

** **
**JUNE      30, 2008**

**000-31385**

**GLOBAL      FOOD TECHNOLOGIES, INC.**

| **Delaware**                               | **52-2257546**                     |
|--------------------------------------------|------------------------------------|
| (State                incorporation)  | (IRS                Employer       |
|                                       | Identification                No.) |

** **

| 113                Court Street, Hanford,                California | 93230                     |
|---------------------------------------------------------------------|---------------------------|
| (Address                of principal executive offices)             | (zip                code) |

|                          Class          |   | Outstanding                as of June 30,                2008 |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|
| Common                stock, par value                $0.0001                                                                |   | 27,929,575                                                    |

----

| **PART              I - FINANCIAL INFORMATION**                                                                                       | 3      |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                  |   |
| **ITEM                1. FINANCIAL STATEMENTS**                                                                                       | 3      |
| **ITEM                2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS                OF OPERATIONS** | 9      |
| **ITEM                3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET                RISK**                                  | 15     |
| **ITEM                4T. CONTROLS AND PROCEDURES**                                                                                   | 15     |
|                                                                                                                                  |        |
| **PART                II - OTHER INFORMATION**                                                                                        | 16     |
|                                                                                                                                  |        |
| **ITEM                1. LEGAL PROCEEDINGS**                                                                                          | 16     |
| **ITEM                2. UNREGISTERED SALES OF EQUITY SECURITIES**                                                                    | 16     |
| **ITEM                3. DEFAULTS UPON SENIOR SECURITIES**                                                                            | 17     |
| **ITEM                4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY                HOLDERS**                                         | 17     |
| **ITEM                5. OTHER INFORMATION**                                                                                          | 17     |
| **ITEM                6. EXHIBITS**                                                                                                   | 17     |

----

**PART      I - FINANCIAL INFORMATION**

**ITEM        1. **
**FINANCIAL        STATEMENTS**
** **

| ASSETS                                                                                                                                                                                                                                          |   | June                  30, 2008(Unaudited) |        | December                  31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|-------------|------------------------------------|--------|
| Current                  Assets                                                                                                                                                                                                                 |   |                                      |        |                               |   |
| Cash                                                                                                                                                                                                                                            |   | $                                         | 100,046     |                               | $      | 552,697 |   |
| Prepaid                  expenses                                                                                                                                                                                                               |   |                                      | 41,020      |                               |   | 29,246 |   |
| Total                  Current Assets                                                                                                                                                                                                           |   |                                      | 141,066     |                               |   | 581,943 |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Fixed                  Assets - net                                                                                                                                                                                                             |   |                                      | 35,254      |                               |   | 42,632 |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Other                  Asset                                                                                                                                                                                                                    |   |                                      | 24,889      |                               |   | 24,889 |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| TOTAL                  ASSETS                                                                                                                                                                                                                   |   | $                                         | 201,209     |                               | $      | 649,464 |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                                    |   |                                      |        |                               |   |   |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Current                  Liabilities                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Accounts                  payable                                                                                                                                                                                                               |   | $                                         | 296,957     |                               | $      | 142,572 |   |
| Accrued                  liabilities                                                                                                                                                                                                            |   |                                      | 274,425     |                               |   | 286,340 |   |
| Notes                  payable - related parties                                                                                                                                                                                                |   |                                      | 640,000     |                               |   | 540,000 |   |
| Total                  Current Liabilities                                                                                                                                                                                                      |   |                                      | 1,211,382   |                               |   | 968,912 |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Commitments                  and Contingencies                                                                                                                                                                                                  |   |                                      |        |                               |   |   |   |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| Stockholders’                  Deficit:                                                                                                                                                                                                   |   |                                      |        |                               |   |   |   |
| Preferred                  stock, $.0001 par value, 20,000,000 shares                  authorized, none outstanding                                                                                                                             |   |                                      | -           |                               |   | - |   |
| Common                  stock, $.0001 par value, 100,000,000 shares                  authorized, 27,929,575 and 27,307,881 shares issued and outstanding                  at                  June 30, 2008 and December 31, 2007, respectively |   |                                      | 2,792       |                               |   | 2,731 |   |
| Additional                  paid-in capital                                                                                                                                                                                                     |   |                                      | 47,615,432  |                               |   | 44,819,965 |   |
|  Deficit                  accumulated during the development stage                                                                                                                                                                         |   |                                      | (48,628,397 | )                                  |   | (45,142,144 | ) |
| Total                  Stockholders’ Deficit                                                                                                                                                                                              |   |                                      | (1,010,173  | )                                  |   | (319,448 | ) |
|                                                                                                                                                                                                                                            |   |                                      |        |                               |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                              |   | $                                         | 201,209     |                               | $      | 649,464 |   |

----

** **

|                                                                                        | For                the Three Months Ended June                30, |       | For                the Six Months EndedJune                30, |   | The                PeriodFrom                July 25, 2001(Inception)                To |   |
|---------------------------------------------------------------------------------------------|-------------------------------------------------------------------|------------|----------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|--------|
|                                                                                        | 2008                                                              |       | 2007                                                           |   | 2008                                                                                    |   | 2007 |   | June                30, 2008 |   |
|                                                                                        |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |
| Revenues                                                                                    | $                                                                 | -          |                                                           | $      | -                                                                                       |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                        |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                                    |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Marketing                                                                                   |                                                              | 521,065    |                                                           |   | 530,858                                                                                 |   |   | 1,108,263 |   |   | 1,141,140 |   |   | 8,781,083 |   |
| General                and administrative                                                   |                                                              | 372,885    |                                                           |   | 392,126                                                                                 |   |   | 1,370,344 |   |   | 1,646,335 |   |   | 13,972,700 |   |
| Research                and development                                                     |                                                              | 184,822    |                                                           |   | 389,049                                                                                 |   |   | 974,684 |   |   | 977,189 |   |   | 21,389,938 |   |
| Depreciation                                                                                |                                                              | 3,689      |                                                           |   | 29,592                                                                                  |   |   | 7,378 |   |   | 59,184 |   |   | 531,679 |   |
| Interest                                                                                    |                                                              | 12,920     |                                                           |   | 10,800                                                                                  |   |   | 25,584 |   |   | 21,600 |   |   | 320,983 |   |
| Asset                impairment                                                             |                                                              | -          |                                                           |   | -                                                                                       |   |   | - |   |   | - |   |   | 3,182,014 |   |
| Merger                related costs                                                         |                                                              | -          |                                                           |   | -                                                                                       |   |   | - |   |   | - |   |   | 450,000 |   |
| Total                Expenses                                                               |                                                              | 1,095,381  |                                                           |   | 1,352,425                                                                               |   |   | 3,486,253 |   |   | 3,845,448 |   |   | 48,628,397 |   |
|                                                                                        |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |   |   |   |   |   |
| NET                LOSS                                                                     | $                                                                 | (1,095,381 | )                                                              | $      | (1,352,425                                                                              | )      | $ | (3,486,253 | ) | $ | (3,845,448 | ) | $ | (48,628,397 | ) |
|                                                                                        |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Loss                per common share, basic and diluted                                     | $                                                                 | (0.04      | )                                                              | $      | (0.05                                                                                   | )      | $ | (0.13 | ) | $ | (0.15 | ) |   |   |   |
|                                                                                        |                                                              |       |                                                           |   |                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Weighted                average common shares                outstanding, basic and diluted |                                                              | 27,825,861 |                                                           |   | 25,800,041                                                                              |   |   | 27,670,438 |   |   | 25,608,443 |   |   |   |   |

----

|                                                       |   |   | Common                Stock |   |   | AdditionalPaid-in |   |   | DeficitAccumulatedDuring                theDevelopment |   |   | TotalStockholders’ |   |
|------------------------------------------------------------|--------|--------|-----------------------------|--------|--------|-------------------|--------|--------|--------------------------------------------------------|--------|--------|--------------------------|--------|
|                                                       |   |   | Shares                      |   |   | Amount            |   |   | Capital                                                |   |   | Stage                    |   |   | Deficit |   |
| Issuance                to founders at inception, at par   |   |   | 10,333,333                  |   | $      | 1,033             |   | $      | (1,002                                                 | )      | $      | -                        |   | $ | 31 |   |
| Sales                of stock for cash, net                |   |   | 298,706                     |   |   | 30                |   |   | 154,008                                                |   |   | -                        |   |   | 154,038 |   |
| Premium                on preferred stock                  |   |   | -                           |   |   | -                 |   |   | (200,800                                               | )      |   | -                        |   |   | (200,800 | ) |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (                957,269 | )      |   | (957,269 | ) |
| Balance,                December 31, 2001                  |   |   | 10,632,039                  |   |   | 1,063             |   |   | (47,794                                                | )      |   | (957,269                 | )      |   | (1,004,000 | ) |
| Sales                of stock for cash, net                |   |   | 4,848,575                   |   |   | 485               |   |   | 4,308,374                                              |   |   | -                        |   |   | 4,308,859 |   |
| Premium                on preferred stock                  |   |   | -                           |   |   | -                 |   |   | (12,500                                                | )      |   | -                        |   |   | (12,500 | ) |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (3,584,307               | )      |   | (3,584,307 | ) |
| Balance,                December 31, 2002                  |   |   | 15,480,614                  |   |   | 1,548             |   |   | 4,248,080                                              |   |   | (4,541,576               | )      |   | (291,948 | ) |
| Sales                of stock for cash, net                |   |   | 2,155,353                   |   |   | 216               |   |   | 3,865,864                                              |   |   | -                        |   |   | 3,866,080 |   |
| Premium                on preferred stock                  |   |   | -                           |   |   | -                 |   |   | (291,800                                               | )      |   | -                        |   |   | (291,800 | ) |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (4,265,029               | )      |   | (4,265,029 | ) |
| Balance,                December 31, 2003                  |   |   | 17,635,967                  |   |   | 1,764             |   |   | 7,822,144                                              |   |   | (8,806,605               | )      |   | (982,697 | ) |
| Sales                of stock for cash, net                |   |   | 1,199,081                   |   |   | 120               |   |   | 4,434,772                                              |   |   | -                        |   |   | 4,434,892 |   |
| Premium                on preferred stock                  |   |   | -                           |   |   | -                 |   |   | (37,501                                                | )      |   | -                        |   |   | (37,501 | ) |
| Value                of warrants issued for services       |   |   | -                           |   |   | -                 |   |   | 3,400                                                  |   |   | -                        |   |   | 3,400 |   |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (2,626,785               | )      |   | (2,626,785 | ) |
| Balance,                December 31, 2004                  |   |   | 18,835,048                  |   |   | 1,884             |   |   | 12,222,815                                             |   |   | (11,433,390              | )      |   | 791,309 |   |
| Sales                of stock for cash, net                |   |   | 1,732,220                   |   |   | 173               |   |   | 7,943,948                                              |   |   | -                        |   |   | 7,944,121 |   |
| Premium                on preferred stock                  |   |   | -                           |   |   | -                 |   |   | (271,123                                               | )      |   | -                        |   |   | (271,123 | ) |
| Value                of warrants issued for services       |   |   | -                           |   |   | -                 |   |   | 21,825                                                 |   |   | -                        |   |   | 21,825 |   |
| Fair                value of stock issued for services     |   |   | 82,598                      |   |   | 8                 |   |   | 371,683                                                |   |   | -                        |   |   | 371,691 |   |
| Conversion                of preferred stock               |   |   | 2,400,540                   |   |   | 240               |   |   | 2,938,879                                              |   |   | -                        |   |   | 2,939,119 |   |
| Stock                transferred in consummation of merger |   |   | 100,000                     |   |   | 10                |   |   | -                                                      |   |   | -                        |   |   | 10 |   |
| Stock                issued for merger related costs       |   |   | 100,000                     |   |   | 10                |   |   | 449,990                                                |   |   | -                        |   |   | 450,000 |   |
| Stock                issued to round up fractional shares  |   |   | 1,369                       |   |   | -                 |   |   | -                                                      |   |   | -                        |   |   | - |   |
| Stock                issued for media contract             |   |   | 244,444                     |   |   | 24                |   |   | 1,099,976                                              |   |   | -                        |   |   | 1,100,000 |   |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (11,598,728              | )      |   | (11,598,728 | ) |
| Balance,                December 31, 2005                  |   |   | 23,496,219                  |   |   | 2,349             |   |   | 24,777,993                                             |   |   | (23,032,118              | )      |   | 1,748,224 |   |
| Sales                of stock for cash, net                |   |   | 724,958                     |   |   | 73                |   |   | 3,111,338                                              |   |   | -                        |   |   | 3,111,411 |   |
| Stock                issued for services                   |   |   | 37,065                      |   |   | 4                 |   |   | 166,782                                                |   |   | -                        |   |   | 166,786 |   |
| Fair                value of incentive stock issued        |   |   | 530,000                     |   |   | 53                |   |   | 2,384,947                                              |   |   | -                        |   |   | 2,385,000 |   |
| Stock                issued for media contract             |   |   | 411,111                     |   |   | 41                |   |   | 1,849,959                                              |   |   | -                        |   |   | 1,850,000 |   |
| Fair                value of warrants issued               |   |   | -                           |   |   | -                 |   |   | 2,982,098                                              |   |   | -                        |   |   | 2,982,098 |   |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (13,095,099              | )      |   | (13,095,099 | ) |
| Balance                December 31, 2006                   |   |   | 25,199,353                  |   |   | 2,520             |   |   | 35,273,117                                             |   |   | (36,127,217              | )      |   | (851,580 | ) |
| Sales                of stock for cash, net                |   |   | 1,273,705                   |   |   | 127               |   |   | 5,477,237                                              |   |   | -                        |   |   | 5,477,364 |   |
| Stock                issued for services                   |   |   | 208,155                     |   |   | 21                |   |   | 936,666                                                |   |   | -                        |   |   | 936,687 |   |
| Fair                value of incentive stock issued        |   |   | 460,000                     |   |   | 46                |   |   | 2,069,954                                              |   |   | -                        |   |   | 2,070,000 |   |
| Stock                issued for media contract             |   |   | 166,668                     |   |   | 17                |   |   | 749,983                                                |   |   | -                        |   |   | 750,000 |   |
| Fair                value of warrants issued               |   |   | -                           |   |   | -                 |   |   | 313,008                                                |   |   | -                        |   |   | 313,008 |   |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (9,014,927               | )      |   | (9,014,927 | ) |
| Balance                December 31, 2007                   |   |   | 27,307,881                  |   |   | 2,731             |   |   | 44,819,965                                             |   |   | (45,142,144              | )      |   | (319,448 | ) |
| Sales                of stock and warrants for cash, net   |   |   | 394,582                     |   |   | 39                |   |   | 1,773,489                                              |   |   | -                        |   |   | 1,773,528 |   |
| Stock                issued for services                   |   |   | 143,778                     |   |   | 14                |   |   | 646,986                                                |   |   | -                        |   |   | 647,000 |   |
| Stock                issued for media contract             |   |   | 83,334                      |   |   | 8                 |   |   | 374,992                                                |   |   | -                        |   |   | 375,000 |   |
| Net                loss                                    |   |   | -                           |   |   | -                 |   |   | -                                                      |   |   | (3,486,253               | )      |   | (3,486,253 | ) |
| Balance,                June 30, 2008                      |   |   | 27,929,575                  |   | $      | 2,792             |   | $      | 47,615,432                                             |   | $      | (48,628,397              | )      | $ | (1,010,173 | ) |

----

|                                                                                                      |   | For                the Six Months EndedJune                30, |       | The                Period From July 25, 2001(Inception)                To June 30, |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|------------|------------------------------------------------------------------------------------|--------|
|                                                                                                      |   | 2008                                                           |       | 2007                                                                               |   | 2008 |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                       |   |                                                           |       |                                                                               |   |   |   |
| Net                loss                                                                                   |   | $                                                              | (3,486,253 | )                                                                                  | $      | (3,845,448 | ) | $ | (48,628,397 | ) |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Depreciation                                                                                              |   |                                                           | 7,378      |                                                                               |   | 59,184 |   |   | 531,679 |   |
| Warrants                issued for services                                                               |   |                                                           | -          |                                                                               |   | 310,648 |   |   | 3,320,331 |   |
| Stock                issued for services                                                                  |   |                                                           | 647,000    |                                                                               |   | 640,947 |   |   | 2,122,164 |   |
| Incentive                plan grants                                                                      |   |                                                           | -          |                                                                               |   | 202,500 |   |   | 4,455,000 |   |
| Stock                issued for media services                                                            |   |                                                           | 375,000    |                                                                               |   | 375,000 |   |   | 4,075,000 |   |
| Impairment                of assets                                                                       |   |                                                           | -          |                                                                               |   | - |   |   | 3,182,014 |   |
| Merger                related costs                                                                       |   |                                                           | -          |                                                                               |   | - |   |   | 450,000 |   |
| Changes                in assets and liabilities:                                                         |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Prepaid                expenses                                                                           |   |                                                           | (11,774    | )                                                                                  |   | (10,024 | ) |   | (41,020 | ) |
| Other                assets                                                                               |   |                                                           | -          |                                                                               |   | (36,326 | ) |   | (24,889 | ) |
| Accounts                payable and accrued liabilities                                                   |   |                                                           | 142,470    |                                                                               |   | (1,388 | ) |   | 571,381 |   |
| Cash                used in operating activities                                                          |   |                                                           | (2,326,179 | )                                                                                  |   | (2,304,907 | ) |   | (29,986,737 | ) |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                       |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Acquisition                of BEST system                                                                 |   |                                                           | -          |                                                                               |   | - |   |   | (3,157,111 | ) |
| Acquisition                of fixed assets                                                                |   |                                                           | -          |                                                                               |   | - |   |   | (591,836 | ) |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Net                cash used in investing activities                                                      |   |                                                           | -          |                                                                               |   | - |   |   | (3,748,947 | ) |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                       |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Proceeds                from notes payable - related parties                                              |   |                                                           | 100,000    |                                                                               |   | - |   |   | 840,000 |   |
| Principal                payments on notes payable - related parties                                      |   |                                                           | -          |                                                                               |   | - |   |   | (200,000 | ) |
| Sale                of redeemable Series A preferred stock - net                                          |   |                                                           | -          |                                                                               |   | - |   |   | 2,125,405 |   |
| Sale                of common stock                                                                       |   |                                                           | 1,773,528  |                                                                               |   | 2,162,779 |   |   | 31,070,325 |   |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                  |   |                                                           | 1,873,528  |                                                                               |   | 2,162,779 |   |   | 33,835,730 |   |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| CHANGE                IN CASH                                                                             |   |                                                           | (452,651   | )                                                                                  |   | (142,128 | ) |   | 100,046 |   |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| CASH                - BEGINNING OF PERIOD                                                                 |   |                                                           | 552,697    |                                                                               |   | 203,169 |   |   | - |   |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| CASH                - END OF PERIOD                                                                       |   | $                                                              | 100,046    |                                                                               | $      | 61,041 |   | $ | 100,046 |   |
|                                                                                                      |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES                                                                   |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Interest                paid                                                                              |   | $                                                              | 4,000      |                                                                               | $      | - |   | $ | 101,970 |   |
| Non-cash                financing transactions:                                                           |   |                                                           |       |                                                                               |   |   |   |   |   |   |
| Conversion                of redeemable preferred stock                                                   |   | $                                                              | -          |                                                                               | $      | - |   | $ | 2,939,119 |   |
| Accretion                of redemption value of preferred stock                                           |   | $                                                              | -          |                                                                               | $      | - |   | $ | 813,719 |   |
| Stock                transferred in consummation of merger                                                |   | $                                                              | -          |                                                                               | $      | - |   | $ | 10 |   |

----

**1.      **
**Description      and Nature of the Business, Organization and Basis of      Presentation**

***iPura*TM      **
***Food      Processing System**.**”***
***iPura*TM      **

**Going      Concern**

**Development      Stage and Capital Resources**

*Accounting      and Reporting by Development Stage Enterprises.*

***iPura*TM      **

**-      **
***iPura*TM**

----

**Basis      of Presentation**

**Significant      Accounting policies**

**2.      Stockholders’ Deficit**

**Stock      Issuances**
**.      **

----

**Media      Agreement**
**.      **
*iPuraTM*

**Warrants**
**.      **

**3.      Notes Payable - Related Parties**

| **ITEM              2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS** |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------|

**Plan      of Operation**

*iPuraTM      System*
***The***
** **
***iPura***
**TM**
***Food Safety Program***
*iPura*
* *
** **
***iPura***
**TM**
*** ***

----

*      iPuraTM *
*iPura*
** **
*iPura*
*iPura*
** **
** **
**The      Highest Standard in Food SafetyTM.”**

| ·   | The                  science and marketing connect well with world food safety issues. |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | The                  *iPura*TM                  label is a tool which communicates that exceptional food safety                  measures                  have been taken to protect consumer health. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                  label will serve to identify food products that have a higher level                  of                  safety and quality. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GFT                  has filed trade marks for its brand and slogan in every major food                  producing and food consuming nation. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Trade                  marks are expected to be listed on the primary registry at the                  USPTO and                  internationally, as a global trademark search by counsel found                  no prior                  marks or obstructions. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*iPuraTM      *
*iPuraTM*

| ·   | An                organic pathogenic and spoilage microorganism “kill step” prior to                packaging. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | Intelligent                packaging of product. |
|--------------------|--------------------------------------------------|

| ·   | Product                traceability of handling and                temperature. |
|--------------------|---------------------------------------------------------------------------------|

| ·   | An                independent third party certification of                standards. |
|--------------------|--------------------------------------------------------------------------------------|

| ·   | A                unique product insurance that follows the*iPura*TM                labeled product throughout the distribution                chain. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A                distribution chain and consumer “pull through” marketing program promoting                *iPuraTM*                as                “The Highest Standard in Food SafetyTM.” |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*iPuraTM      *

*iPura*
*iPura*
** **
*** ***
*iPuraTM.*
*iPuraTM      *

*iPura*
** **
*iPura*
*iPura*

----

*iPura*

*iPuraTM*
*iPuraTM*

| ·   | Institute                of Food Technologists Expo |
|--------------------|-----------------------------------------------------|

| ·   | Food                Marketing Institute Annual Business                Conference |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | Food                Safety Conference (International Association for Food                Protection) |
|--------------------|------------------------------------------------------------------------------------------------------|

| ·   | National                Food Policy Conference |
|--------------------|------------------------------------------------|

***The      iPura***
**TM**
***System***

***iPura***
**TM**
***System***

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**Revenues**

**Liquidity      and Capital Resources**

***iPura***
**TM**
***Systems.***
***iPura***
**TM**
***System***
***s***

**Critical      Accounting policies**

----

**Off      Balance Sheet Arrangements**

**Cautionary      Information Regarding “Forward-Looking Statements”**

| ·   | whether                we will be able obtain additional financing to continue or expand                operations, including financing for seafood and other inventory,                and the                terms on which we will be able to obtain this financing, if at                all; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | whether                our initial system installation will perform as expected in commercial                applications; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | our                ability to obtain one or more third-party manufacturers for our system                components and other products; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                cost at which we will be able to have our system components and other                products manufactured, if at all, and the time it will take to have                our                system components and other products                manufactured; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | our                ability to obtain all required components for our systems on a timely                basis and at the prices we                anticipate; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | whether                our systems and products are viewed as providing the benefits we                claim and                whether these benefits are marketable by any customers we may seek                to                obtain; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                ability to enter into service contracts with food processors, the                time it                takes for us to enter into any of these contracts and the prices                we are                able to charge these customers; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                systems and products performing in the manner we expect in customer                applications and without any material                modifications; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                ability to obtain all necessary governmental approvals for our systems                and                other products; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | whether                the introduction of the *iPura*TM                brand will succeed in creating preferences with the consuming                public; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | whether                we will be able to apply our technology to products other than fish                or use                our technology in any other fields; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                pace at which we will utilize our existing working capital and our                ability                to manage costs as we expand operations and begin installing our                systems                in commercial settings; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                ability to protect our intellectual property and obtain and maintain                patents and other protections for our intellectual                property; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                possible impact from competing products or                technologies; |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | possible                reductions in consumer demand for fish and poultry, including as                a result                of any outbreaks of disease, including avian flu, or negative reports                regarding the health benefits of fish and poultry; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                ability to hire, train and retain a consistent supply of reliable                and                effective employees, both domestically and in any countries in which                we                might be able to install one of our processing                system; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                risk of non-payment by, and/or insolvency or bankruptcy of, any of                our                future customers or others with indebtedness to                us; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                costs of complying with applicable labor laws and requirements, including,                without limitation, with respect to health                care; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | economic                and political instability in foreign countries or restrictive actions                by                the governments of foreign countries in which we may seek to conduct                our                business or obtain customers; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes                in tax laws or the laws and regulations governing food processing                and on                income generated outside the United                States; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | general                economic, business and social conditions in the United States and                in                foreign countries where we may conduct our                business; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | fluctuation                in interest rates, insurance, shipping, energy, fuel and other business                utilities in any countries in which we conduct                business; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                stability of and fluctuations in currencies in which we conduct                business; |
|--------------------|-------------------------------------------------------------------------------------------------------------|

| ·   | threats                or acts of terrorism or war; strikes, work stoppages or slow downs                by                labor organizations in any countries in which we conduct business;                and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | natural                or man-made disasters that could adversely impact the industries                or                countries in which we conduct                business. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK**

**ITEM      4T. CONTROLS AND PROCEDURES**

----

**Changes      in Internal Control Over Financial Reporting **

**PART      II - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS**

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES**

**Sales      of Unregistered Securities**

----

**Purchases      of Equity Securities**

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES**

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**None**

**ITEM      5. OTHER INFORMATION**

**(a)**
**Information      Required To Be Disclosed In A Report On Form 8-K, But Not      Reported**

**None**

**(b)      **
**Item      407(c)(3) of Regulation S-K**

**ITEM      6. EXHIBITS**

| Exhibit                No. | Description                                                                                                      |
|----------------------------|------------------------------------------------------------------------------------------------------------------|
| 3.1                (1)     | Certificate                of Amendment to Certificate of Incorporation dated August 18,                2005.    |
| 3.2                (2)     | Certificate                of Amendment to Certificate of Incorporation dated September 15,                2005. |
| 3.3                (3)     | Restated                Certificate of Incorporation dated October 18,                2005.                      |

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| 3.4                (3) | Second                Amended and Restated Bylaws as of August 31, 2005.                                                                                                                                                                              |
|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1*                  | Certification                of Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a),                as                adopted pursuant to Section 302 of the Sarbanes-Oxley Act of                2002.                                 |
| 31.2*                  | Certification                of Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a),                as                adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
| 32.1‡            | Certification                of Chief Executive Officer and Chief Financial Officer pursuant to                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 |

| * | Filed                herewith |
|---|-------------------------------|

| ‡ | Furnished                herewith |
|---------|-----------------------------------|

| (1)   | Filed                on August 19, 2005 as an exhibit to Global Food’s Report on Form 8-K and                incorporated herein by reference. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Filed                on October 6, 2005 as an exhibit to Global Food’s Report on Form 8-K and                incorporated herein by reference. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Filed                on November 23, 2005 as an exhibit to Global Food’s Report on Form 10-QSB                and incorporated herein by                reference. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | GLOBAL FOOD TECHNOLOGIES,              INC. |
|--------|---------------------------------------------|

| Dated:              August 6, 2008 | By:                                                              | /s/              Keith Meeks        |
|------------------------------------|-----------------------------------------------------------------------|-------------------------------------|
|                               | Keith Meeks, President and                                            |
|                               | Chief Executive              Officer                                  |
|                               | (PRINCIPAL EXECUTIVE              OFFICER)                            |
|                               |                                                                  |                                |
|                               |                                                                  |                                |
| Dated:              August 6, 2008 | By:                                                                   | /s/              Marshall F. Sparks |
|                               | Marshall F. Sparks, Chief              Financial              Officer |
|                               | (PRINCIPAL ACCOUNTING              OFFICER)                           |

----