**FORM      10-QSB**

** **
**June      30, 2007**

**000-31385**

**GLOBAL      FOOD TECHNOLOGIES, INC.**

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

| Class                                          |   | Outstanding                as of February 29, 2008 |
|------------------------------------------------|--------|----------------------------------------------------|
| Common                stock, par value $0.0001 |   | 27,506,467                                         |

----

| **PART                I - FINANCIAL INFORMATION**                                                                                                                                                                                                           | 3      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                        |   |
| **ITEM                1. FINANCIAL STATEMENTS**                                                                                                                                                                                                        | 3      |
|                                                                                                                                                                                                                                                        |   |
| Condensed                balance sheet as of June 30 2007 - (unaudited)                                                                                                                                                                           | 3      |
|                                                                                                                                                                                                                                                        |   |
| Condensed                statements of operations for the three and six months ended June                30, 2007                and 2006 and the period from July 25, 2001 (Inception) to June 30,                2007 -                (unaudited)   | 4      |
|                                                                                                                                                                                                                                                        |   |
| Condensed                statement of stockholders' deficit for the period from July 25, 2001                (Inception) to June 30, 2007 - (unaudited)                                                                                                     | 5      |
|                                                                                                                                                                                                                                                        |   |
| Condensed                statements of cash flows for the six months ended June 30, 2007 and                2006                and the period from July 25, 2001 (Inception) to June 30 , 2007 -                (unaudited)                           | 6      |
|                                                                                                                                                                                                                                                        |   |
| Notes                to condensed consolidated financial statements - (unaudited)                                                                                                                                                                      | 7      |
|                                                                                                                                                                                                                                                        |   |
| **ITEM                2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF                OPERATION**                                                                                                                                             | 10     |
| **ITEM                3.  CONTROLS AND PROCEDURES**                                                                                                                                                                                                    | 16     |
|                                                                                                                                                                                                                                                        |   |
| **PART                II - OTHER INFORMATION**                                                                                                                                                                                                              | 17     |
|                                                                                                                                                                                                                                                        |   |
| **ITEM                1.  LEGAL PROCEEDINGS**                                                                                                                                                                                                          | 17     |
| **ITEM                2.  UNREGISTERED SALES OF EQUITY SECURITIES**                                                                                                                                                                                    | 17     |
| **ITEM                3.  DEFAULTS UPON SENIOR SECURITIES**                                                                                                                                                                                            | 18     |
| **ITEM                4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY                HOLDERS**                                                                                                                                                         | 18     |
| **ITEM                5.  OTHER INFORMATION**                                                                                                                                                                                                          | 18     |
| **ITEM                6.  EXHIBITS**                                                                                                                                                                                                                   | 19     |

----

**PART      I - FINANCIAL INFORMATION**

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

|                                                                                                                                                 |   | June                30, 2007 |        |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-------------|
| ASSETS                                                                                                                                               |   |                         |        |   |
| Current                Assets                                                                                                                        |   |                         |        |   |
| Cash                                                                                                                                                 |   | $                            | 61,041      |   |
| Prepaid                expenses                                                                                                                      |   |                         | 36,372      |   |
| Total                Current Assets                                                                                                                  |   |                         | 97,413      |   |
|                                                                                                                                                 |   |                         |        |   |
| Fixed                Assets - net                                                                                                                    |   |                         | 88,459      |   |
|                                                                                                                                                 |   |                         |        |   |
| Other                Asset                                                                                                                           |   |                         | 12,889      |   |
|                                                                                                                                                 |   |                         |        |   |
| TOTAL                ASSETS                                                                                                                          |   | $                            | 198,760     |   |
|                                                                                                                                                 |   |                         |        |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIT                                                                                           |   |                         |        |   |
|                                                                                                                                                 |   |                         |        |   |
| Current                Liabilities                                                                                                                   |   |                         |        |   |
| Accounts                payable                                                                                                                      |   | $                            | 332,829     |   |
| Accrued                liabilities                                                                                                                   |   |                         | 331,085     |   |
| Notes                payable - related parties                                                                                                       |   |                         | 540,000     |   |
| Total                Current Liabilities                                                                                                             |   |                         | 1,203,914   |   |
|                                                                                                                                                 |   |                         |        |   |
| Commitments                and Contingencies                                                                                                         |   |                         |        |   |
|                                                                                                                                                 |   |                         |        |   |
| Stockholders’                Deficiency                                                                                                        |   |                         |        |   |
| Preferred                stock, $.0001 par value, 20,000,000 shares authorized, none                outstanding                                      |   |                         | -           |   |
| Common                stock, $.0001 par value, 100,000,000 shares authorized, 25,965,746                shares                issued and outstanding |   |                         | 2,596       |   |
| Additional                paid-in capital                                                                                                            |   |                         | 38,964,915  |   |
|  Deficit                accumulated during the development stage                                                                                |   |                         | (39,972,665 | ) |
| Total                Stockholders’ deficit                                                                                                     |   |                         | (1,005,154  | ) |
|                                                                                                                                                 |   |                         |        |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                     |   | $                            | 198,760     |   |

----

** **

|                                                        |   | For                  the Three Months EndedJune                  30, |       | For                  the Six Months EndedJune                  30, |   | The                  PeriodFrom                  July25,                  2001(Inception)To                  June 30, |   |
|-------------------------------------------------------------|--------|----------------------------------------------------------------------|------------|--------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|
|                                                        |   | 2007                                                                 |       | 2006                                                               |   | 2007                                                                                                                  |   | 2006 |   | 2007 |   |
|                                                        |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |
| Revenues                                                    |   | $                                                                    | -          |                                                               | $      | -                                                                                                                     |   | $ | - |   | $ | - |   | $ | - |   |
|                                                        |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                    |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Marketing                                                   |   |                                                                 | 530,858    |                                                               |   | 846,076                                                                                                               |   |   | 1,141,140 |   |   | 1,614,088 |   |   | 6,102,365 |   |
| General                  and administrative                 |   |                                                                 | 392,126    |                                                               |   | 471,997                                                                                                               |   |   | 1,646,335 |   |   | 908,953 |   |   | 11,407,807 |   |
| Research                  and development                   |   |                                                                 | 389,049    |                                                               |   | 781,919                                                                                                               |   |   | 977,189 |   |   | 1,853,772 |   |   | 18,080,583 |   |
| Depreciation                                                |   |                                                                 | 29,592     |                                                               |   | 27,466                                                                                                                |   |   | 59,184 |   |   | 54,931 |   |   | 503,378 |   |
| Interest                                                    |   |                                                                 | 10,800     |                                                               |   | 91,181                                                                                                                |   |   | 21,600 |   |   | 91,181 |   |   | 271,421 |   |
| Asset                  impairment                           |   |                                                                 | -          |                                                               |   | -                                                                                                                     |   |   | - |   |   | - |   |   | 3,157,111 |   |
| Merger                  related costs                       |   |                                                                 | -          |                                                               |   | -                                                                                                                     |   |   | - |   |   | - |   |   | 450,000 |   |
| Total                  Expenses                             |   |                                                                 | 1,352,425  |                                                               |   | 2,218,639                                                                                                             |   |   | 3,845,448 |   |   | 4,522,925 |   |   | 39,972,665 |   |
|                                                        |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| NET                  LOSS                                   |   | $                                                                    | (1,352,425 | )                                                                  | $      | (2,218,639                                                                                                            | )      | $ | (3,845,448 | ) | $ | (4,522,925 | ) | $ | (39,972,665 | ) |
|                                                        |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Loss                  per share, basic and diluted          |   | $                                                                    | (0.05      | )                                                                  | $      | (0.09                                                                                                                 | )      | $ | (0.15 | ) | $ | (0.19 | ) |   |   |   |
|                                                        |   |                                                                 |       |                                                               |   |                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average shares, basic and diluted |   |                                                                 | 25,800,041 |                                                               |   | 23,838,217                                                                                                            |   |   | 25,608,443 |   |   | 23,729,739 |   |   |   |   |

----

|                                                       |   | 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                     |   |                        | 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                     |   |                        | 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                     |   |                        | 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                     |   |                        | 1,199,081  |              |   | 120                                                    |   |                     | 4,434,772  |   |   | - |   |   | 4,434,892 |   |
| Premium                on preferred stock                  |   |                        | -          |              |   | -                                                      |   |                     | (37,501    | ) |   | - |   |   | (37,501 | ) |
| Fair                value of warrants issued               |   |                        | -          |              |   | -                                                      |   |                     | 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                     |   |                        | 1,732,220  |              |   | 173                                                    |   |                     | 7,943,948  |   |   | - |   |   | 7,944,121 |   |
| Premium                on preferred stock                  |   |                        | -          |              |   | -                                                      |   |                     | (271,123   | ) |   | - |   |   | (271,123 | ) |
| Fair                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 split              |   |                        | 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                     |   |                        | 724,958    |              |   | 73                                                     |   |                     | 3,111,338  |   |   | - |   |   | 3,111,411 |   |
| Stock                issued for services                   |   |                        | 37,065     |              |   | 4                                                      |   |                     | 166,782    |   |   | - |   |   | 166,786 |   |
| Fair                value of stock issued to consultants   |   |                        | 155,000    |              |   | 15                                                     |   |                     | 697,485    |   |   | - |   |   | 697,500 |   |
| Fair                value of stock issued to employees     |   |                        | 375,000    |              |   | 38                                                     |   |                     | 1,687,462  |   |   | - |   |   | 1,687,500 |   |
| 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 | ) |
| Sale                of stock for cash                      |   |                        | 495,626    |              |   | 50                                                     |   |                     | 2,162,729  |   |   | - |   |   | 2,162,779 |   |
| Stock                issued for services                   |   |                        | 142,433    |              |   | 14                                                     |   |                     | 640,933    |   |   | - |   |   | 640,947 |   |
| Fair                value of stock issued to employees     |   |                        | 45,000     |              |   | 5                                                      |   |                     | 202,495    |   |   | - |   |   | 202,500 |   |
| Stock                issued for media contract             |   |                        | 83,334     |              |   | 7                                                      |   |                     | 374,993    |   |   | - |   |   | 375,000 |   |
| Fair                value of warrants issued               |   |                        | -          |              |   | -                                                      |   |                     | 310,648    |   |   | - |   |   | 310,648 |   |
| Net                loss                                    |   |                        | -          |              |   | -                                                      |   |                     | -          |   |   | (3,845,448 | ) |   | (3,845,448 | ) |
| Balance,                June 30, 2007                      |   |                        | 25,965,746 |              | $      | 2,596                                                  |   | $                        | 38,964,915 |   | $ | (39,972,665 | ) | $ | (1,005,154 | ) |

----

|                                                                                                          |   | For                  the Six Months EndedJune                  30, |                         | **The                  Period From****July                  25, 200****(Inception)                  To** |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|------------------------------|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                          |   | 2007                                                               |                         | 2006                                                                                                     |   | **June                  30,****2007** |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                         |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Net                  loss                                                                                     |   | $                                                                  | (3,845,448                   | )                                                                                                        | $      | (4,522,925 | ) | $ | (39,972,665 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Depreciation                                                                                                  |   |                                                               | 59,184                       |                                                                                                     |   | 54,931 |   |   | 503,378 |   |
| Fair                  value of warrants issued for services                                                   |   |                                                               | 310,648                      |                                                                                                     |   | 78,176 |   |   | 3,317,971 |   |
| Fair                  value of stock issued for services                                                      |   |                                                               | 640,947                      |                                                                                                     |   | - |   |   | 1,178,924 |   |
| Fair                  value of incentive plan grants                                                          |   |                                                               | 202,500                      |                                                                                                     |   |  - |   |   | 2,588,000 |   |
| Fair                  value of stock issued for media services                                                |   |                                                               | 375,000                      |                                                                                                     |   | 1,108,338 |   |   | 3,325,000 |   |
| Impairment                  of BEST system                                                                    |   |                                                               | -                            |                                                                                                     |   | - |   |   | 3,157,111 |   |
| Merger                  related costs                                                                         |   |                                                               | -                            |                                                                                                     |   | - |   |   | 450,000 |   |
| Changes                  in assets and liabilities:                                                           |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Prepaid                  expenses                                                                             |   |                                                               | (10,024                      | )                                                                                                        |   | 30,094 |   |   | (36,370 | ) |
| Accounts                  payable and accrued liabilities                                                     |   |                                                               | (36,326                      | )                                                                                                        |   | 102,834 |   |   | 663,913 |   |
| Increase                  in other assets                                                                     |   |                                                               | (1,388                       | )                                                                                                        |   | - |   |   | (12,889 | ) |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Cash                  used in operating activities                                                            |   |                                                               | (2,                  304,907 | )                                                                                                        |   | (3,148,552 | ) |   | (24,837,627 | ) |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                         |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Increase                  in BEST system                                                                      |   |                                                               | -                            |                                                                                                     |   | - |   |   | (3,157,111 | ) |
| Increase                  in fixed assets                                                                     |   |                                                               | -                            |                                                                                                     |   | (22,910 | ) |   | (591,837 | ) |
|                                                                                                          |   |                                                               |               |                                                                                                     |   |     |   |   |     |   |
| Net                  cash used in investing activities                                                        |   |                                                               | -                            |                                                                                                     |   | (22,910 | ) |   | (3,748,948 | ) |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                         |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Proceeds                  from notes payable - related parties                                                |   |                                                               | -                            |                                                                                                     |   | 640,000 |   |   | 740,000 |   |
| Principal                  payments on notes payable - related parties                                        |   |                                                               | -                            |                                                                                                     |   | - |   |   | (200,000 | ) |
| Sale                  of common stock                                                                         |   |                                                               | 2,162,779                    |                                                                                                     |   | 1,271,562 |   |   | 25,982,211 |   |
| Sale                  of Series A redeemable preferred stock -net                                             |   |                                                               | -                            |                                                                                                     |   | - |   |   | 2,125,405 |   |
|                                                                                                          |   |                                                               |          |                                                                                                     |   |      |   |   |    |   |
| Net                  cash provided by financing activities                                                    |   |                                                               | 2,162,779                    |                                                                                                     |   | 1,911,562 |   |   | 28,647,616 |   |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| INCREASE                  (DECREASE) IN CASH                                                                  |   |                                                               | (142,128                     | )                                                                                                        |   | (1,259,900 | ) |   | 61,041 |   |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| CASH                  - BEGINNING OF PERIOD                                                                   |   |                                                               | 203,169                      |                                                                                                     |   | 1,671,700 |   |   | - |   |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| CASH                  - END OF PERIOD                                                                         |   | $                                                                  | 61,041                       |                                                                                                     | $      | 411,800 |   | $ | 61,041 |   |
|                                                                                                          |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| SUPPLEMENTAL                  DISCLOSURES                                                                     |   |                                                               |                         |                                                                                                     |   |   |   |   |   |   |
| Interest                  paid                                                                                |   | $                                                                  | -                            |                                                                                                     | $      | - |   | $ | 93,970 |   |
| 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 |   |

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**1.      **
**Description      and nature of the business, organization and basis of      presentation**

***iPuraTM ***

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

**Organization**

**Going      Concern**

**Development      Stage and Capital Resources**

*Accounting      and Reporting by Development Stage Enterprises.*

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

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**Basis      of presentation**

**Accounting      policies**

----

**2.      Stockholders’ Deficit**

**Stock      Issuances**
**.      **

**Media      Agreement**
**.      **

**Warrants**
**.      **

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**3.**
**Subsequent      Events**

**ITEM      2. **
**MANAGEMENT’S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION**

**Plan      of Operation**

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

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

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|   | · | 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***

**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                  our prototype system 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                  we will be able to apply our technology to products other than                  fish and                  poultry or use our technology in any other                  fields; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the                  pace at which we will utilize our existing working capital and                  whether our                  existing working capital will be sufficient for us to continue                  to develop                  our systems and products to the extent we                  anticipate; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | · | 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                  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. **
**CONTROLS        AND PROCEDURES**

**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-B**

----

**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.                                                                                                                                                                                                     |
|                         |   |                                                                                                                                                                                                                                                                           |
| 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. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                 | GLOBAL                  FOOD TECHNOLOGIES, INC. |
|--------------------------------------|-------------------------------------------------|
|                                 |                                            |   |
| Dated:                  May 15, 2008 | By:                                             | /s/                  Keith Meeks |
|                                 |                                            | Keith                  Meeks, President and |
|                                 |                                            | Chief                  Executive Officer |
|                                 |                                            | (PRINCIPAL                  EXECUTIVE OFFICER) |
|                                 |                                            |   |
| Dated:                  May 15, 2008 | By:                                             | /s/                  Marshall F. Sparks |
|                                 |                                            | Marshall                  F. Sparks, Chief Financial Officer |
|                                 |                                            | (PRINCIPAL                  ACCOUNTING OFFICER) |

----