**FORM      10-Q**

** **
**September      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 September 30,                2008 |
|-----------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|
|  Common                stock, par value                $0.0001                                                         |  28,600,748                                                         |

----

| **PART                  I - FINANCIAL INFORMATION** | 3                                                                                      |
|-----------------------------------------------------|----------------------------------------------------------------------------------------|
|                                                |                                                                                   |
| **ITEM                    1.**                      | **FINANCIAL                  STATEMENTS**                                              | 3 |
| **ITEM                  2.**                        | **MANAGEMENT’S                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION** | 9 |
|                                                | **AND                  RESULTS OF OPERATIONS**                                         |   |
| **ITEM                  3.**                        | **QUANTITATIVE                  AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**        | 15 |
|                                                |                                                                                   |   |
| **PART                  II - OTHER INFORMATION**    | 16                                                                                     |
|                                                |                                                                                   |
| **ITEM                  1.**                        | **LEGAL                  PROCEEDINGS**                                                 | 16 |
| **ITEM                  1A.**                       | **RISKS                  FACTORS**                                                     | 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**                                                                           | 18 |

----

**PART      I - FINANCIAL INFORMATION**

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

| ASSETS                                                                                                                                                                                                                                       |   | September                30, 2008(Unaudited) |        | December                31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|-------------|----------------------------------|--------|
| Current                Assets                                                                                                                                                                                                                |   |                                         |        |                             |   |
| Cash                                                                                                                                                                                                                                         |   | $                                            | 1,542,662   |                             | $      | 552,697 |   |
| Prepaid                expenses                                                                                                                                                                                                              |   |                                         | 50,608      |                             |   | 29,246 |   |
| Total                Current Assets                                                                                                                                                                                                          |   |                                         | 1,593,270   |                             |   | 581,943 |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Fixed                Assets - net                                                                                                                                                                                                            |   |                                         | 81,565      |                             |   | 42,632 |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Other                Asset                                                                                                                                                                                                                   |   |                                         | 24,889      |                             |   | 24,889 |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| TOTAL                ASSETS                                                                                                                                                                                                                  |   | $                                            | 1,699,724   |                             | $      | 649,464 |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                                                                          |   |                                         |        |                             |   |   |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Current                Liabilities                                                                                                                                                                                                           |   |                                         |        |                             |   |   |   |
| Accounts                payable                                                                                                                                                                                                              |   | $                                            | 43,969      |                             | $      | 142,572 |   |
| Accrued                liabilities                                                                                                                                                                                                           |   |                                         | 293,057     |                             |   | 286,340 |   |
| Notes                payable to related parties                                                                                                                                                                                              |   |                                         | 540,000     |                             |   | 540,000 |   |
| Total                Current Liabilities                                                                                                                                                                                                     |   |                                         | 877,026     |                             |   | 968,912 |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Commitments                and Contingencies                                                                                                                                                                                                 |   |                                         |        |                             |   |   |   |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Stockholders’                Equity (Deficit):                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| Preferred                stock, $.0001 par value, 20,000,000 shares authorized, none                outstanding                                                                                                                              |   |                                         | -           |                             |   | - |   |
| Common                stock, $.0001 par value, 100,000,000 shares authorized, 28,600,748                and                27,307,881 shares issued and outstanding at September 30, 2008 and                December 31, 2007, respectively |   |                                         | 2,860       |                             |   | 2,731 |   |
| Additional                paid-in capital                                                                                                                                                                                                    |   |                                         | 50,560,423  |                             |   | 44,819,965 |   |
|  Deficit                accumulated during the development stage                                                                                                                                                                        |   |                                         | (49,740,585 | )                                |   | (45,142,144 | ) |
| Total                Stockholders’ Equity (Deficit)                                                                                                                                                                                    |   |                                         | 822,698     |                             |   | (319,448 | ) |
|                                                                                                                                                                                                                                         |   |                                         |        |                             |   |   |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                                                                    |   | $                                            | 1,699,724   |                             | $      | 649,464 |   |

----

** **

|                                                                         |   | For                the Three Months EndedSeptember                30, |       | For                the Nine Months EndedSeptember                30, |   | The                PeriodFrom                July 25, 2001(Inception)                To September 30, |   |
|------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|------------|----------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|
|                                                                         |   | 2008                                                                  |       | 2007                                                                 |   | 2008                                                                                                  |   | 2007 |   | 2008 |   |
| Revenues                                                                     |   | $                                                                     | -          |                                                                 | $      | -                                                                                                     |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                         |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                     |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Marketing                                                                    |   |                                                                  | 432,112    |                                                                 |   | 412,828                                                                                               |   |   | 1,540,376 |   |   | 1,553,967 |   |   | 9,213,196 |   |
| General                and administrative                                    |   |                                                                  | 391,811    |                                                                 |   | 516,101                                                                                               |   |   | 1,762,155 |   |   | 2,162,437 |   |   | 14,364,510 |   |
| Research                and development                                      |   |                                                                  | 271,745    |                                                                 |   | 458,303                                                                                               |   |   | 1,246,428 |   |   | 1,435,492 |   |   | 21,661,683 |   |
| Depreciation                                                                 |   |                                                                  | 3,689      |                                                                 |   | 10,460                                                                                                |   |   | 11,067 |   |   | 69,644 |   |   | 535,368 |   |
| Interest                                                                     |   |                                                                  | 12,831     |                                                                 |   | 10,800                                                                                                |   |   | 38,415 |   |   | 32,400 |   |   | 333,814 |   |
| Asset                impairment                                              |   |                                                                  | -          |                                                                 |   | -                                                                                                     |   |   | - |   |   | - |   |   | 3,182,014 |   |
| Merger                related costs                                          |   |                                                                  | -          |                                                                 |   | -                                                                                                     |   |   | - |   |   | - |   |   | 450,000 |   |
| Total                Expenses                                                |   |                                                                  | 1,112,188  |                                                                 |   | 1,408,492                                                                                             |   |   | 4,598,441 |   |   | 5,253,940 |   |   | 49,740,585 |   |
|                                                                         |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| NET                LOSS                                                      |   | $                                                                     | (1,112,188 | )                                                                    | $      | (1,408,492                                                                                            | )      | $ | (4,598,441 | ) | $ | (5,253,940 | ) | $ | (49,740,585 | ) |
|                                                                         |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Loss                per common share, basic and diluted                      |   | $                                                                     | (0.04      | )                                                                    | $      | (0.05                                                                                                 | )      | $ | (0.17 | ) | $ | (0.20 | ) |   |   |   |
|                                                                         |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Weighted                average common shares outstanding, basic and diluted |   |                                                                  | 28,265,162 |                                                                 |   | 26,208,554                                                                                            |   |   | 27,661,448 |   |   | 25,808,480 |   |   |   |   |
|                                                                         |   |                                                                  |       |                                                                 |   |                                                                                                  |   |   |   |   |   |   |   |   |   |   |

----

|                                                      |   |  Common                Stock |       | AdditionalPaid-in |   | DeficitAccumulatedDuring                theDevelopment |   | TotalStockholders’                Equity |       |
|-----------------------------------------------------------|--------|-----------------------------------|------------|-------------------|--------|--------------------------------------------------------|--------|------------------------------------------------|------------|
|                                                      |   | 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 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  |   |                              | 997,040    |              |   | 100                                                    |   |                                           | 4,406,861  |   |   | - |   |   | 4,406,961 |   |
| Stock                issued for services                  |   |                              | 163,326    |              |   | 16                                                     |   |                                           | 734,952    |   |   | - |   |   | 734,968 |   |
| Fair                value of incentive stock issued       |   |                              | 7,500      |              |   | 1                                                      |   |                                           | 33,749     |   |   | - |   |   | 33,750 |   |
| Stock                issued for media contract            |   |                              | 125,001    |              |   | 12                                                     |   |                                           | 562,488    |   |   | - |   |   | 562,500 |   |
| Fair                value of warrants issued              |   |                              | -          |              |   | -                                                      |   |                                           | 2,408      |   |   | - |   |   | 2,408 |   |
| Net                loss                                   |   |                              | -          |              |   | -                                                      |   |                                           | -          |   |   | (4,598,441 | ) |   | (4,598,441 | ) |
| Balance,                September 30, 2008                |   |                              | 28,600,748 |              | $      | 2,860                                                  |   | $                                              | 50,560,423 |   | $ | (49,740,585 | ) | $ | 822,698 |   |

----

|                                                                                                      |   | For                  the Nine Months EndedSeptember                  30,  |       | The                Period From July 25, 2001(Inception)                To September 30,  |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|------------|-----------------------------------------------------------------------------------------------|--------|
|                                                                                                      |   | 2008                                                                      |       | 2007                                                                                     |   | 2008  |   |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                       |   |                                                                           |       |                                                                                          |   |   |   |
| Net                loss                                                                                   |   | $                                                                              | (4,598,441 | )                                                                                             | $      | (5,253,940 | ) | $ | (49,740,585 | ) |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Depreciation                                                                                              |   |                                                                           | 11,067     |                                                                                          |   | 69,644 |   |   | 535,368 |   |
| Warrants                issued for services                                                               |   |                                                                           | 2,408      |                                                                                          |   | 310,648 |   |   | 3,322,739 |   |
| Stock                issued for services                                                                  |   |                                                                           | 734,968    |                                                                                          |   | 663,447 |   |   | 2,210,132 |   |
| Incentive                plan grants                                                                      |   |                                                                           | 33,750     |                                                                                          |   | 202,500 |   |   | 4,488,750 |   |
| Stock                issued for media services                                                            |   |                                                                           | 562,500    |                                                                                          |   | 562,500 |   |   | 4,262,500 |   |
| Impairment                of assets                                                                       |   |                                                                           | -          |                                                                                          |   | - |   |   | 3,182,014 |   |
| Merger                related costs                                                                       |   |                                                                           | -          |                                                                                          |   | - |   |   | 450,000 |   |
| Changes                in assets and liabilities:                                                         |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Prepaid                expenses                                                                           |   |                                                                           | (21,362    | )                                                                                             |   | (4,323 | ) |   | (50,608 | ) |
| Other                assets                                                                               |   |                                                                           | -          |                                                                                          |   | (14,214 | ) |   | (24,889 | ) |
| Accounts                payable and accrued liabilities                                                   |   |                                                                           | (91,886    | )                                                                                             |   | (181,693 | ) |   | 337,026 |   |
| Cash                used in operating activities                                                          |   |                                                                           | (3,366,996 | )                                                                                             |   | (3,645,431 | ) |   | (31,027,553 | ) |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                       |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Acquisition                of BEST system                                                                 |   |                                                                           | -          |                                                                                          |   | - |   |   | (3,157,111 | ) |
| Acquisition                of fixed assets                                                                |   |                                                                           | (50,000    | )                                                                                             |   | - |   |   | (641,836 | ) |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Net                cash provided by (used in) investing activities                                        |   |                                                                           | (50,000    | )                                                                                             |   | - |   |   | (3,798,947 | ) |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                       |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Proceeds                from notes payable - related parties                                              |   |                                                                           | 200,000    |                                                                                          |   | - |   |   | 840,000 |   |
| Principal                payments on notes payable - related parties                                      |   |                                                                           | (200,000   | )                                                                                             |   | - |   |   | (300,000 | ) |
| Sale                of redeemable Series A preferred stock - net                                          |   |                                                                           | -          |                                                                                          |   | - |   |   | 2,125,405 |   |
| Sale                of common stock                                                                       |   |                                                                           | 4,406,961  |                                                                                          |   | 4,057,481 |   |   | 33,703,757 |   |
|                                                                                                           |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                  |   |                                                                           | 4,406,961  |                                                                                          |   | 4,057,481 |   |   | 36,369,162 |   |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| CHANGE                IN CASH                                                                             |   |                                                                           | 989,965    |                                                                                          |   | 412,050 |   |   | 1,542,662 |   |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| CASH                - BEGINNING OF PERIOD                                                                 |   |                                                                           | 552,697    |                                                                                          |   | 203,169 |   |   | - |   |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| CASH                - END OF PERIOD                                                                       |   | $                                                                              | 1,542,662  |                                                                                          | $      | 615,219 |   | $ | 1,542,662 |   |
|                                                                                                      |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES                                                                   |   |                                                                           |       |                                                                                          |   |   |   |   |   |   |
| Interest                paid                                                                              |   | $                                                                              | 11,781     |                                                                                          | $      | 4,000 |   | $ | 109,751 |   |
| 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**

***iPuraTM***
***Food      Processing System”***
*.*

**Going      Concern**

**Development      Stage and Capital Resources**

*Accounting      and Reporting by Development Stage Enterprises.*

***iPuraTM***

**-      **
***iPuraTM***

----

**Basis      of Presentation**

**Significant      Accounting policies**

|   | · | Level                  1 - Quoted prices for identical instruments in active                  markets. |
|--------|--------|--------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | · | Level                  2 - Quoted prices for similar instruments in active markets; quoted                  prices                  for identical or similar instruments in markets that are not active;                  and                  model-derived valuations whose inputs are observable or whose significant                  value drivers are observable. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | · | Level                  3 - Instruments whose significant value drivers are                  unobservable. |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

**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**
*** ***
** **
***iPura***
**TM**
*** ***

----

*      iPuraTM *
*iPura*
** **
*iPura*
*iPura*
** **
** **
**The      Highest Standard in Food Safety”TM.**

*iPura*

*iPuraTM      *
*iPuraTM*

*      iPura*

*iPuraTM*

*iPuraTM      *

*iPura*
*iPura*
** **
*** ***
*iPura”TM*
*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***

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

**Revenues**

----

**Liquidity      and Capital Resources**

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

**Critical      Accounting policies**

*Share-Based      Payment*

*Accounting      for Equity Instruments that are Issued to Other Than Employees for Acquiring      or      In Conjunction with Selling Goods or Services*

**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; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | 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      1A. RISKS FACTORS**

**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.                                                                                                                                                                          |
| 3.4                (3)     | Second                Amended and Restated Bylaws as of August 31, 2005.                                                                                                                                                                              |
| 10.1*                      | Lease                Agreement dated September 30, 2008 by and between Global Food                Technologies, Inc. and City of Hanford                                                                                                              |
| 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 |

| (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. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                    |                                                                                                                         |                              |
|-------------------------|------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|
|                    | GLOBAL FOOD TECHNOLOGIES, INC.                                                                                               |
|               |                                                                                                                    |                         |
| Dated: October 31, 2008 | By:                                                                                                                | /s/ Keith              Meeks |
|                    | Keith                Meeks, President and Chief                Executive Officer(PRINCIPAL                EXECUTIVE OFFICER) |
|                    |                                                                                                                         |
|                                              |                                                                                                    |                                     |
|---------------------------------------------------|---------------------------------------------------------------------------------------------------------|------------------------------------------|
|                                              |                                                                                                    |
|                                         |                                                                                               |                                |
| Dated:              October 31,              2008 | By:                                                                                           | /s/ Marshall              F. Sparks |
|                                              | Marshall                F. Sparks, Chief Financial Officer(PRINCIPAL                ACCOUNTING OFFICER) |
|                                              |                                                                                                    |