FORM
10-Q





SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
DC 20549








x QUARTERLY REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the quarterly period
endedJUNE 30, 2009





oTRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT





For the
transition period from____________ to _____________








Commission
file number   000-31385





GLOBAL
FOOD TECHNOLOGIES, INC.


(Exact
name of registrant as specified in charter)





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




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





559-589-0100


(Issuer’s
telephone number)








Indicate
by check mark whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.


Yes  x    No
o





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer,  non-accelerated filer, or a smaller reporting
company.





Large
accelerated filer o  accelerated
filer o  non
accelerated filer o  smaller
reporting company x





Indicate
by check mark whether registrant is a shell company  Yeso  Nox





Indicate
the number of shares outstanding of each issuer’s classes of common equity, as
of the last practicable date:


Class
                Outstanding as of June 30, 2009Common
      stock, par value $0.0001
                29,360,759





1




















GLOBAL
FOOD TECHNOLOGIES, INC.


(A
DEVELOPMENT STAGE COMPANY)


QUARTERLY
REPORT ON FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2009





TABLE OF
CONTENTS





PART
      I – FINANCIAL INFORMATION
              3ITEM
      1.  FINANCIAL STATEMENTS
              3ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      OF OPERATIONS
              10ITEM
      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
    RISK
              14ITEM
      4. CONTROLS AND PROCEDURES
              14PART
      II - OTHER INFORMATION
              15ITEM
      1.  LEGAL PROCEEDINGS
              15ITEM
      1A. RISK FACTORS
              15ITEM
      2.  UNREGISTERED SALES OF EQUITY SECURITIES
              18ITEM
      3.  DEFAULTS UPON SENIOR SECURITIES
              19ITEM
      4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS
              19ITEM
      5.  OTHER INFORMATION
              19ITEM
      6.  EXHIBITS
              19





2


PART
I – FINANCIAL INFORMATION





ITEM
1.                      FINANCIAL
STATEMENTS





GLOBAL
FOOD TECHNOLOGIES, INC.


CONDENSED
BALANCE SHEETS








ASSETS
                    
                    June
      30, 2009
                      (Unaudited)
                    
                    
                    December
      31, 2008Current
      AssetsCash
                    
                    $
                    213,918
                    
                    
                    $
                    278,443Inventory
                    
                    
                    86,783
                    
                    
                    
                    -Prepaid
      expenses
                    
                    
                    44,364
                    
                    
                    
                    30,977Total
      Current Assets
                    
                    
                    345,065
                    
                    
                    
                    309,420Fixed
      Assets – net
                    
                    
                    828,074
                    
                    
                    
                    719,540Other
      Asset
                    
                    
                    25,189
                    
                    
                    
                    24,889TOTAL
      ASSETS
                    
                    $
                    1,198,328
                    
                    
                    $
                    1,053,849LIABILITIES AND STOCKHOLDERS’
      DEFICITCurrent
      LiabilitiesAccounts
      payable
                    
                    $
                    106,207
                    
                    
                    $
                    39,608Accrued
      liabilities
                    
                    
                    353,087
                    
                    
                    
                    1,134,232Notes
      payable – related parties
                    
                    
                    540,000
                    
                    
                    
                    540,000Notes
      payable – trade finance
                    
                    
                    250,000
                    
                    
                    
                    -Total
      Current Liabilities
                    
                    
                    1,249,294
                    
                    
                    
                    1,713,840Commitments
      and ContingenciesStockholders’
      Deficit:Preferred
      stock, $.0001 par value, 20,000,000 shares authorized, Series A, none
      outstanding, Series B,  222,222 shares issued and
      outstanding
                    
                    
                    22
                    
                    
                    
                    -Common
      stock, $.0001 par value, 100,000,000 shares authorized, 29,360,759 shares
      issued and outstanding
                    
                    
                    2,937
                    
                    
                    
                    2,899Additional
      paid-in capital
                    
                    
                    57,889,432
                    
                    
                    
                    53,495,490Accumulated
      deficit
                    
                    
                    (57,943,357
                    )
                    
                    
                    (54,158,380
                    )Total
      Stockholders’ Deficit
                    
                    
                    (50,966
                    )
                    
                    
                    (659,991
                    )TOTAL
      LIABILITIES AND STOCKHOLDERS’ DEFICIT
                    
                    $
                    1,198,328
                    
                    
                    $
                    1,053,849





See
accompanying notes to condensed financial statements





3


GLOBAL
FOOD TECHNOLOGIES, INC.


CONDENSED
STATEMENTS OF OPERATIONS


(Unaudited)





For
      the Three Months Ended
                                            June
      30,
                                          
                                          
                                          
                                          For
      the Six Months Ended
                                            June
      30,2009
                                          
                                          
                                          
                                          2008
                                          
                                          
                                          
                                          2009
                                          
                                          
                                          
                                          2008Revenues
                                          
                                          $
                                          -
                                          
                                          
                                          $
                                          -
                                          
                                          
                                          $
                                          -
                                          
                                          
                                          $
                                          -ExpensesMarketing
                                          
                                          
                                          399,931
                                          
                                          
                                          
                                          521,065
                                          
                                          
                                          
                                          709,761
                                          
                                          
                                          
                                          1,108,263General
      and administrative
                                          
                                          
                                          496,603
                                          
                                          
                                          
                                          372,885
                                          
                                          
                                          
                                          887,290
                                          
                                          
                                          
                                          1,370,344Research
      and development
                                          
                                          
                                          174,140
                                          
                                          
                                          
                                          184,822
                                          
                                          
                                          
                                          346,256
                                          
                                          
                                          
                                          974,684Depreciation
                                          
                                          
                                          17,292
                                          
                                          
                                          
                                          3,689
                                          
                                          
                                          
                                          38,422
                                          
                                          
                                          
                                          7,378Interest
                                          
                                          
                                          14,038
                                          
                                          
                                          
                                          12,920
                                          
                                          
                                          
                                          24,838
                                          
                                          
                                          
                                          25,584Total
      Expenses
                                          
                                          
                                          1,102,004
                                          
                                          
                                          
                                          1,095,381
                                          
                                          
                                          
                                          2,006,567
                                          
                                          
                                          
                                          3,486,253NET
      LOSS
                                          
                                          $
                                          (1,102,004
                                          )
                                          
                                          $
                                          (1,095,381
                                          )
                                          
                                          $
                                          (2,006,567
                                          )
                                          
                                          $
                                          (3,486,253
                                          )Loss
      per common share, basic and diluted
                                          
                                          $
                                          (0.04
                                          )
                                          
                                          $
                                          (0.04
                                          )
                                          
                                          $
                                          (0.07
                                          )
                                          
                                          $
                                          (0.13
                                          )Weighted
      average common shares outstanding, basic and diluted
                                          
                                          
                                          29,288,920
                                          
                                          
                                          
                                          27,825,861
                                          
                                          
                                          
                                          29,199,165
                                          
                                          
                                          
                                          27,670,438





See
accompanying notes to condensed financial statements





4


GLOBAL
FOOD TECHNOLOGIES, INC.


CONDENSED
STATEMENTS OF STOCKHOLDERS’ DEFICIT


(Unaudited)


Preferred Stock
                                              
                                              
                                              
                                              Common
      Stock
                                              
                                              
                                              
                                              Additional
                                                Paid-in
                                                Capital
                                              
                                              
                                              
                                              Accumulated
                                                Deficit
                                              
                                              
                                              
                                              Total
                                                Stockholders’
                                                DeficitShares
                                              
                                              
                                              Amount
                                              
                                              
                                              
                                              Shares
                                              
                                              
                                              
                                              AmountBalance
      December 31, 2007
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              27,307,881
                                              
                                              
                                              $
                                              2,731
                                              
                                              
                                              $
                                              44,819,965
                                              
                                              
                                              $
                                              (45,142,144
                                              )
                                              
                                              $
                                              (319,448
                                              )Sales
      of stock for cash, net
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              1,090,889
                                              
                                              
                                              
                                              109
                                              
                                              
                                              
                                              4,735,623
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              4,735,732Stock
      issued for services
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              245,301
                                              
                                              
                                              
                                              24
                                              
                                              
                                              
                                              1,103,830
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              1,103,854Fair
      value of incentive stock issued
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              191,000
                                              
                                              
                                              
                                              19
                                              
                                              
                                              
                                              859,481
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              859,500Stock
      issued for media contract
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              166,668
                                              
                                              
                                              
                                              16
                                              
                                              
                                              
                                              749,984
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              750,000Fair
      value of warrants issued
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              1,226,607
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              1,226,607Net
      loss
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              (9,016,236
                                              )
                                              
                                              
                                              (9,016,236
                                              )Balance,
      December 31, 2008
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              29,001,739
                                              
                                              
                                              
                                              2,899
                                              
                                              
                                              
                                              53,495,490
                                              
                                              
                                              
                                              (54,158,380
                                              )
                                              
                                              
                                              (659,991
                                              )Sales
      of common stock for cash, net
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              153,515
                                              
                                              
                                              
                                              15
                                              
                                              
                                              
                                              690,805
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              690,820Common
      stock issued for services and accrued liabilities
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              205,505
                                              
                                              
                                              
                                              23
                                              
                                              
                                              
                                              924,749
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              924,772Sale
      of preferred stock
                                              
                                              
                                              222,222
                                              
                                              
                                              $
                                              22
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              999,978
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              1,000,000Warrant
      distribution to cash investors
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              
                                              1,778,410
                                              
                                              
                                              
                                              (1,778,410
                                              )Net
      loss
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              -
                                              
                                              
                                              
                                              (2,006,567
                                              )
                                              
                                              
                                              (2,006,567
                                              )Balance,
      June 30, 2009
                                              
                                              
                                              222,222
                                              
                                              
                                              $
                                              22
                                              
                                              
                                              
                                              29,360,759
                                              
                                              
                                              $
                                              2,937
                                              
                                              
                                              $
                                              57,889,432
                                              
                                              
                                              $
                                              (57,943,357
                                              )
                                              
                                              $
                                              (50,966
                                              )





See
accompanying notes to condensed financial statements





5





GLOBAL
FOOD TECHNOLOGIES, INC.


CONDENSED
STATEMENTS OF CASH FLOWS


(Unaudited)





For
      the Six Months Ended
                                        June
      30,2009
                                      
                                      
                                      2008CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                                      
                                      $
                                      (2,006,567
                                      )
                                      
                                      $
                                      (3,486,253
                                      )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Depreciation
                                      
                                      
                                      38,422
                                      
                                      
                                      
                                      7,378Stock
      issued for services
                                      
                                      
                                      227,272
                                      
                                      
                                      
                                      647,000Stock
      issued for media services
                                      
                                      
                                      
                                      
                                      
                                      
                                      375,000Changes
      in operating assets and liabilities:Inventory
                                      
                                      
                                      (86,783
                                      )
                                      
                                      
                                      -Prepaid
      expenses
                                      
                                      
                                      (13,387
                                      )
                                      
                                      
                                      (11,774
                                      )Other
      assets
                                      
                                      
                                      (300
                                      )
                                      
                                      
                                      -Accounts
      payable and accrued liabilities
                                      
                                      
                                      (17,046
                                      )
                                      
                                      
                                      142,470Cash
      used in operating activities
                                      
                                      
                                      (1,858,389
                                      )
                                      
                                      
                                      (2,326,179
                                      )CASH
      FLOWS FROM INVESTING ACTIVITIESAcquisition
      of  fixed assets
                                      
                                      
                                      (146,956
                                      )
                                      
                                      
                                      -Net
      cash used in investing activities
                                      
                                      
                                      (146,956
                                      )
                                      
                                      
                                      -CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from notes payable – related parties
                                      
                                      
                                      -
                                      
                                      
                                      
                                      100,000Proceeds
      from notes payable
                                      
                                      
                                      250,000
                                      
                                      
                                      
                                      -Sale
      of preferred stock
                                      
                                      
                                      1,000,000
                                      
                                      
                                      
                                      -Sale
      of common stock
                                      
                                      
                                      690,820
                                      
                                      
                                      
                                      1,773,528Net
      cash provided by financing activities
                                      
                                      
                                      1,940,820
                                      
                                      
                                      
                                      1,873,528CHANGE
      IN CASH
                                      
                                      
                                      (64,525
                                      )
                                      
                                      
                                      (452,651
                                      )CASH
      – BEGINNING OF PERIOD
                                      
                                      
                                      278,443
                                      
                                      
                                      
                                      552,697CASH
      – END OF PERIOD
                                      
                                      $
                                      213,918
                                      
                                      
                                      $
                                      100,046SUPPLEMENTAL
      DISCLOSURESInterest
      paid
                                      
                                      $
                                      5,512
                                      
                                      
                                      $
                                      4,000Non-cash
      financing transactions:Issuance
      of common stock for accrued liabilities
                                      
                                      $
                                      697,500
                                      
                                      
                                      $
                                      -





See
accompanying notes to condensed financial statements





6


GLOBAL
FOOD TECHNOLOGIES, INC.


(A DEVELOPMENT STAGE
COMPANY)


NOTES TO
CONDENSED FINANCIAL STATEMENTS


MARCH 31,
2009





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





Global
Food Technologies, Inc. (the “Company”, “we” or “us”) is a biotechnology company
focused on the development of food safety processes for the food processing
industry by using its proprietary scientific processes to substantially increase
the shelf life of commercially packaged seafood and to make those products safer
for human consumption. The Company has developed a process using its developed
technology called the “iPuraTMFood
Processing System”. The Company’s ability to
generate revenue will depend, among other things, on its ability to demonstrate
the merits of the iPuraTMsystem as well as brand development and establishing alliances with
suppliers and vendors.  The Company has not generated revenues to
date.





Going
Concern





The
accompanying financial statements have been prepared on the basis that the
Company will continue as a going concern, which assumes the realization of
assets and the satisfaction of liabilities in the normal course of business.
Since inception, the Company has primarily been engaged in product development
and pre-operational activities.  No revenue has been generated to date
and the Company has accumulated losses totaling $57,943,357 and has negative
cash flows from operations of $1,858,389 from January 1, 2009 through June 30,
2009 and has negative working capital. The Company’s ability to continue as a
going concern is predicated on its ability to raise additional capital, begin
earning revenue and ultimately achieve sustained profitable
operations.  The uncertainty related to these conditions raises
substantial doubt about the Company’s ability to continue as a going concern.
The accompanying financial statements do not include any adjustments that might
result from the outcome of this uncertainty.





Development
Stage and Capital Resources





Since its
inception, the Company has devoted substantially all of its efforts to business
planning, research and development, recruiting management and technical staff,
acquiring operating assets and raising capital. However, in January 2009, the
first iPuraTMFood
Processing System was installed in a processor’s facility in China and
was tested and made operational. The first iPuraTMlabeled product, in a limited, initial-run quantity, was received into
inventory in the US in June 2009 and was made available for sale. Accordingly,
the Company is considered to have left the development stage and is now an
operating company as defined in Statement of Financial Accounting Standards
(“SFAS”) No. 7, Accounting and Reporting
byDevelopment Stage
Enterprises. The Company has not generated any revenues from its
principal operations, and there is no assurance of future
revenues.




Basis
of presentation





The
accompanying unaudited condensed financial statements have been prepared in
accordance with generally accepted accounting principles in the United States of
America for interim financial information and pursuant to the rules and
regulations of the United States Securities and Exchange Commission
(“SEC”).  Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management, all adjustments (consisting
of normal recurring adjustments) considered necessary for a fair presentation
have been included. These financial statements should be read in conjunction
with the Company’s Annual Report on Form 10-K for the fiscal year ended December
31, 2008, filed with the SEC on February 27, 2009.  The results of
operations for interim periods are not necessarily indicative of the results
expected for a full year or for any future period. The condensed balance sheet
as of December 31, 2008 has been derived from the December 31, 2008 audited
financial statements filed in the Company’s 2008 Form 10-K.





7


Accounting
policies





Use of estimates -
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods.
Actual results could differ from those estimates.





Loss per common share- Loss per common share was computed using the weighted average number of
shares of common stock outstanding during the period. Stock purchase options and
warrants were not used in the computation since their effect would be
antidilutive.





Income taxes - The
Company has no significant income tax expense or benefit for the periods
presented due to its tax net operating loss carryforwards and related 100%
deferred tax asset valuation allowance.




Significant Recent
Accounting Pronouncements - In May 2009, the FASB issued SFAS 165 which
established general standards for accounting for and disclosures of events that
occur after the balance sheet date but before financial statements are issued or
are available to be issued. In particular, SFAS 165 sets forth the period after
the balance sheet date during which management of a reporting entity should
evaluate events or transactions that may occur for potential recognition or
disclosure in the financial statements; the circumstances under which an entity
should recognize events or transactions occurring after the balance sheet date
in its financial statements and the disclosures that an entity should make about
events or transactions that occurred after the balance sheet date. SFAS 165 is
effective for interim and annual periods ending after June 15, 2009 and
became effective for the Company in the second quarter of 2009. The adoption of
SFAS 165 did not have a material impact on the Company’s financial position or
liquidity.




Estimated Fair Value of Financial
Instruments and Certain Non-Financial Assets/Liabilities





The
Company’s financial instruments include cash, prepaid expenses, accounts
payable, accrued liabilities, and notes payable.  Except as described
below, management believes that the fair value of these financial instruments
approximates their carrying amounts based on current market indicators, such as
prevailing interest rates and the short-term maturities of such financial
instruments.  The methods and significant assumptions used to estimate
the fair value of the assets and liabilities referenced in this paragraph did
not change to any material extent during the quarter ended June 30,
2009.





Management
has concluded that it is not practical to estimate the fair value of amounts due
to and from related parties.  SFAS No. 107 (Disclosures About Fair Value of
Financial Instruments) requires that information pertinent to those
financial instruments be disclosed, such as the carrying amount, interest rate,
and maturity date; such information is reported in the notes to financial
statements included in the Company’s Form 10-K previously filed with the SEC for
the year ended December 31, 2008. Management believes it is not practical to
estimate the fair value of related party financial instruments because the
transactions cannot be assumed to have been consummated at arm’s length, there
are no quoted market values available for such instruments, and an independent
valuation would not be practicable due to the lack of data regarding similar
instruments (if any) and the associated potential cost.





8


The
Company does not have any assets or liabilities that are measured at fair value
on a recurring basis and, during the six months ended June 30, 2009, did not
have any non-financial assets or liabilities that were measured at fair value on
a nonrecurring basis.  The measurements cited in the preceding
sentence refer to those set forth in SFAS No. 157 (Fair Value Measurements), as
amended.





2.
Inventory.  A container of iPuraTMlabeled Tilapia fish from China has been received and is available for
sale. Thus it is classified as finished goods and is recorded at delivered
cost.





3. Trade
Financing Debt.As an alternative to commercial trade financing and
factoring, we have a program of issuing promissory notes, secured by inventory,
in series of maturities from one to three years with annual interest rates from
8.2% to 9.8%. The funds are received and controlled by a third party custodian
to be disbursed only for third party costs of inventory. As is typical of trade
financing, the proceeds of sale by the Company upon collection will prorate and
be used to repay the financing. At June 30, 2009, $250,000 in trade financing
debt has been received.





3. Stockholders’
Deficit





Common
Stock Issuances.We have been selling stock to fund operations since inception and expect
to continue to sell stock to fund continued operations.





In the
six months ended June 30, 2009, a total of 153,515 shares of common stock and
79,029 warrants to purchase common stock were issued in private placements for
total proceeds of $690,820. All stock and unit sales were at $4.50 per share or
unit. All warrants are exercisable at $7.00 and have a three year
term.





In the
six months ended June 30, 2009, a total of 205,505 shares of common stock were
issued for services to consultants and Directors. Related expense of
approximately $755,496 was accrued and recorded as operating expenses in the
year ended December 31, 2008, the balance of expense of  $167,277 was
recorded in the quarter ended June 30, 2009.





The above
securities were issued under exemption from Regulation under either Regulation D
or S promulgated by the Securities and Exchange Commission under the Securities
Act of 1933.





Preferred
Stock Issuance.  We are authorized to issue 20,000,000 shares
of preferred stock, with a par value of $.0001. There was no preferred stock
outstanding at December 31, 2008. In April 2009, a series of Preferred Stock was
designated as Series B in the amount of 1,000,000 shares, $.0001 par
value.  The series has preferential rights in liquidation over common
stock and is convertible into common stock at an initial conversion rate of
$4.50 per share. There is a mandatory conversion when the price of the common
stock equals 150% of the conversion rate. The conversion rate may be adjusted
downward to the lowest price at which common stock is sold for cash while the
series remains outstanding. The entire Certificate of Designation for the Series
B Preferred Stock was filed as an exhibit to an 8-K filing with the Securities
and Exchange Commission on July 15, 2009.





9


In April
2009, we entered into a subscription agreement for the sale of 222,222 shares of
Series B Preferred Stock for $1,000,000 cash.  We received the funds,
the appropriate regulatory filings have been made and the shares have been
issued and are outstanding at June 30, 2009.





Warrants.At December 31, 2008, there
were 6,373,451 warrants outstanding. In the six months ended June 30, 2009, an
additional 79,029 warrants were issued in conjunction with sales of common stock
(as noted above) and an additional 1,891,926 as discussed below.





During
the quarter ended June 30, 2009, an equity program was implemented to reward
stockholders, including indirect stockholders of our parent entity, for the
longevity of their stock holdings since the company has not provided public
market liquidity.  The Company issued common stock warrants based on
cash investment and time of investment to existing stockholders using December
31, 2008 as the date of record.  The award formula was to grant
warrants to the stockholders in the amount of 2% of the share owned for each
year or partial year of investment.  The warrants have a term of three
years, expire in April 2012, and have an exercise price of $7.00.  A
total of 1,891, 926 warrant were issued. No consideration was received by the
Company for the warrant issuances.




The
Company has accounted for the warrants as a dividend and recorded approximately
$1,778,000 as a charge to accumulated deficit during the quarter ended June 30,
2009.  The $1,778,000 was based on the fair value of the warrants issued of
$0.94 per warrant determined under the Black Scholes pricing model.




There are
8,344,406 warrants outstanding as of June 30, 2009.





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




The
following presentation of Management’s Plan of Operation has been prepared by
internal management and should be read in conjunction with the financial
statements and notes thereto included in Item 1 of this Quarterly Report on Form
10-Q. Except for the historical information contained herein, the discussion in
this report contains certain forward-looking statements that involve risks and
uncertainties, such as statements of our business plans, objectives,
expectations and intentions as of the date of this filing.  The
cautionary statements about reliance on forward-looking statements made below in
this document should be given serious consideration with respect to all
forward-looking statements wherever they appear in this report. Our actual
results could differ materially from those discussed here.





Plan
of Operation





From the
commencement of our research and development activities in 2001, we have raised
substantial equity capital to fund the development of our iPuraTM System (formerly
referred to as the BEST Seafood Processing System). Our iPuraTM System has been
installed in China as the physical embodiment of TheiPuraTMFood Safety
Program, some customization of the iPuraTMsystem will be required
for each specific on-site installation and the type of seafood being processed.
As of June 30, 2009, we have not generated any revenues and since inception we
have incurred accumulated losses totaling $57,943,357 and has negative cash
flows from operations of $1,858,389 from January 1, 2009
through June 30, 2009. Research on our first generation prototype was completed
in 2004, and development and refinement on the commercial system design
continued through 2005, especially adapting the system to processing salmon.
Further development has resulted in a more efficient, less labor intensive and
more easily maintained processing system. This system has been fabricated and
installed in a processing facility in China in 2008, and has commenced limited
commercial production.





10


GFT began
promoting theiPuraTMlabel through industry trade shows, trade publications, workshops,
seminars, invited speaking engagements, and meetings sponsored on our behalf by
various governmental agencies and industry trade associations. The Company is
executing its marketing strategy by promoting the iPuraTM brand to food
processors and industry associations as the world’s first food safety
label.In 2008, we
commenced limited marketing of the iPuraTM brand to
consumers.  The iPuraTM seal isanchored with a
descriptive and lasting slogan:“The Highest Standard in Food
SafetyTM”.


·
              The science and marketing connect well with
      world food safety issues.
 ·
              The iPuraTM 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.
  The iPuraTMFood Safety Program is
the constitution of the iPuraTM food safety brand,
which is anticipated to include:





·
            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 theiPuraTM labeled product
      throughout the distribution chain.


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





The iPuraTMFood Safety Program is
designed to help the food distribution chain grow their margins by increasing
the quality, safety, and economic value of their products by reducing or
eliminating the waste and liability associated with the distribution of
contaminated food, and by increasing shelf life.





We plan
to promote the iPuraTM
brand utilizing an extensive media and educational campaign focusing on the
health and economic benefits of iPuraTMtreated products and the
increased profit margins available to the entire distribution chain. GFT has
entered into a media-buying agreement, financed with common stock, with its
strategic partner Global Media Fund LLC. The agenda includes regular
distribution of feature articles in the U.S. to over 10,000 newspapers, news,
wire services, and radio spots to more than 6,000 radio stations, over a
24-month period, with a total advertising rate value of $54 million.GFT’s
pull through marketing campaign will begin with “Ask your grocer for iPuraTM”. Food safety is
public health news and we anticipate that the iPuraTMfood safety brand will
be publicized as news in media across the globe.  These advertisements
have been placed on a limited basis in the past and the frequency will be
increased as the iPuraTMproduct is available in the regional markets.





11


GFT has
established itself in three of the world’s largest seafood exporting countries:
China, Vietnam and Chile.  Each is among the world’s top 10 seafood
exporting markets and potential customers as well as certain government agencies
in each country have expressed interest in installing iPuraTM
systems.  Withthe official sponsorship
of government and industry associations, GFT has presented to hundreds of
processors in these countries, and has negotiated contracts with large volume
processors in each country. GFT anticipates expanding into other large seafood
producing countries such as Norway, Thailand, India, Canada, and the United
States in phase two. Seafood might be followed by poultry and pork, with the
potential to develop a system for meat and possibly other food products marketed
under the iPuraTM label
in the future.  At this time, our focus is solely on seafood and we
have not started any research or development on such other potential products,
and cannot estimate their costs or a development schedule.





We will
continue to market to consumers, primarily through our agreement with Global
Media Fund described above, and to continue our direct marketing efforts to
processors and industry associations to create awareness of our iPuraTM brand, the iPuraTM Seafood Processing
System and other food processing technologies.





We also
intend to participate in the following industry conferences:


·
            Institute
      of Food Technologists Expo


·
            Food
      Marketing Institute Annual Business
Conference


·
            Food
      Safety Conference (International Association for Food
      Protection)


·
            National
      Food Policy Conference





Liquidity
and Capital Resources





Historically,
our sole source of cash has been the sale of equity to
investors.  Although we expect to generate revenue from installing and
operating the initial iPuraTM Systems
within the next 12 months, any funds generated from installing and operating our
iPuraTM Systems
during the next 12 months are not expected to cover our operating
expenses.





Based on
our cash balance as of June 30, 2009, we believe that we will need approximately
$5 million to manufacture iPuraTM Systemsand cover operating expenses during the next 12 months, in addition to a
line of credit to finance the inventory of iPuraTM  product.  As
an alternative to a traditional commercial bank line of credit, we have
implemented a program, described below, to finance inventory.  The
amount of capital required will vary depending on a variety of factors, many of
which are beyond our control.  We cannot assure you that funds from
our future operations or funds provided by our current financing activities
will meet the requirements of our operations, and in that event, we will
continue to seek additional sources of financing to maintain
liquidity.  Any additional capital we raise may involve issuing
additional shares of common stock or other equity securities, or obtaining debt
financing. However, at this point, we have not specifically identified the type
or sources of this funding





As of
June 30, 2009, we had no debt other than trade indebtedness in the ordinary
course of business and short term loans of $540,000 from a Director and a
shareholder due on demand.





We have
implemented a trade financing program for individual accredited investors as an
alternative to traditional commercial inventory financing and
factoring.  This financing program consists of issuing promissory
notes, secured by inventory, in series of maturities from one to three years
with annual interest rates from 8.2% to 9.8%. The funds are received and
controlled by a third party custodian to be disbursed only for third party costs
of inventory. As is typical of trade financing, the proceeds of sale by the
Company upon collection will prorate be used to repay the financing. At June 30,
2009, $250,000 in trade financing debt has been received.





12


We have
also commenced an equipment financing program based on the same structure as the
trade finance program using short term notes secured by the installed iPuraTM equipment.
The first nominal funds for equipment finance were received in July
2009.





We are
actively pursuing all potential financing options as we look to secure
additional funds both to stabilize and to grow our business operations. Our
management will review any financing options at their disposal, and will judge
each potential source of funds on its individual merits. Since we have not
located any commercial bank inventory financing, we are developing options for
inventory debt financing with other private parties, as described in more detail
above.  Successful inventory financing is a critical need in order for
us to begin distributing our products and generating revenue.  We
cannot assure you that we will be able to secure additional funds from debt or
equity financing, as and when we need to, or if we can, that the terms of this
financing will be favorable to us or our stockholders. We are exploring
commercial and joint venture financing opportunities and relationships with
potential processor/customers with sale and lease-back
arrangements.





We
believe that we have adequate plant capabilities and capacity and sufficient
qualified personnel to achieve our planned operations over the next 12 months,
although we may need additional investment in additional research and laboratory
facilities to meet any accelerated or new product support
requirements.  Historically, the fabrication of major components of
our iPuraTM System
have been outsourced.  We will likely continue this practice, and may
also elect to outsource the integration and installation of the units depending
on the number of units installed and the logistics of a particular site. We will
add non-technical support personnel as required to manage the increase in
administrative activity.





Results
of Operations





Revenues:





Since our
inception, we have not had any revenues from operations and have operated mainly
as a research and development company until the commencement of operation of the
initial iPuraTM Systemin
China in June 2009.





Expenses:





In the
six months period ended June 30, 2009, total expenses decreased 42% over the
comparable period ended June 30, 2008. The Marketing and General and
Administrative expense classifications decreased approximately 35% as a result
of a lower level of activity and spending unrelated to personnel costs which
remained constant between the periods. Research and Development expense
decreased 65% as spending was directed to commercial equipment rather the
extensive prototyping in 2008 and prior periods. Depreciation expense increased
with the commencement of the initial iPuraTM System and
will continue to scale as additional systems are installed. Interest expense was
stable but is expected to increase substantially as the trade finance and
equipment finance debt facilities are expanded.





In the
three month period ended June 30, 2009, total expenses did not significantly
change over the comparable period ended June 30, 2008. Marketing expenses did
not decrease to the extent of the six month comparison above due to the
placement of more advertising in trade journals while Research and Development
expenses represented the same level of spending but on pre production
engineering in China rather than on prototyping. General and Administrative
expense increased 33% in the three month period ended June 30, 2009 compared to
the comparable period in 2008.  This was principally due to the timing
of non-recurring issuances of common shares for services, while normal spending
remained flat.





13


Critical
Accounting policies





Loss per common share- Loss per common share was computed using the weighted average number of
shares of common stock equivalents outstanding during the period. Stock purchase
warrants were not used in the computation as their effect would be
antidilutive.





Stock-based
compensation – Statement of Financial Accounting Standards 123R,
“Share-Based Payment” (“SFAS 123R”) requires that the cost resulting from all
share-based payment transactions be recognized in the financial statements. This
statement establishes fair value as the measurement objective in accounting for
share-based payment arrangements and requires all entities to apply a fair-value
based measurement method in accounting for share-based payment transactions with
employees except for equity instruments held by employee share ownership plans.
Effective January 1, 2006, the Company adopted the fair value recognition
provisions of SFAS 123R, using the modified prospective method. Under this
method, the provisions of SFAS 123R apply to all awards granted or modified
after the date of adoption and all previously granted awards not yet vested as
of the date of adoption.  The initial adoption of this standard had no
effect on the Company’s financial statements.





Shares,
warrants and options issued to non-employees for services are accounted for in
accordance with SFAS 123(R) and Emerging Issues Task Force Issue No. 96-18
(“EITF 96-18”), “Accounting for Equity Instruments that are Issued to Other Than
Employees for Acquiring or In Conjunction with Selling Goods or Services”
whereby the fair value of such option and warrant grants is determined using the
Black-Scholes Model at the earlier of the date at which the non-employee’s
performance is completed or a performance commitment is reached





Off
Balance Sheet Arrangements





We do not
have any off-balance sheet arrangements.





ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





A smaller
reporting company is not required to provide the information required by this
Item.





ITEM
4. CONTROLS AND PROCEDURES





We
maintain disclosure controls and procedures (as defined in Rule 13a-15(e) and
Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended, which we
refer to as the Exchange Act) that are designed to ensure that information
required to be disclosed in our periodic reports filed under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in the rules and forms of the SEC, and that this information is accumulated and
communicated to our management, including our principal executive/financial
officer, to allow timely decisions regarding required disclosure.





Our
management, with the participation and supervision of our Chief Executive
Officer and Chief Financial Officer (“Certifying Officers”), evaluated the
effectiveness of our disclosure controls and procedures as of the end of the
period covered by this Quarterly Report on Form 10-Q. In designing and
evaluating the disclosure controls and procedures, management recognized that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives.
In addition, the design of disclosure controls and procedures must reflect the
fact that there are resource constraints and that management is required to
apply its judgment in evaluating the benefits of possible controls and
procedures relative to their costs.





14


Based
upon that evaluation, our Certifying Officers concluded that as of the end of
the period covered by this Quarterly Report, our disclosure controls and
procedures were not effective.   Our primary deficiency has been
in failing to timely file our periodic reports due to our limited number of
personnel and segregation of duties.





Changes
in Internal Control Over Financial Reporting





Further,
as required by Rule 13a-15(d) of the Exchange Act and under the supervision and
with the participation of our Certifying Officers, we carried out an evaluation
as to whether there has been any change in our internal control over financial
reporting during our fiscal quarter ended March 31, 2009. Based upon this
evaluation, we have concluded that there has not been any change in our internal
control over financial reporting during our fiscal quarter that has materially
affected, or is reasonably likely to materially affect, our internal control
over financial reporting.





Internal
control over financial reporting is a process designed by, or under the
supervision of, our principal executive and principal financial officers, or
persons performing similar functions, and effected by our board of directors,
management and other personnel, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles.  Internal control over financial reporting includes those
policies and procedures that: (i) pertain to the maintenance of records that in
reasonable detail accurately and fairly reflect the transactions and
dispositions of our assets;  (ii)  provide reasonable
assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting
principles, and that our receipts and expenditures are being made only in
accordance with authorizations of our management and directors; and (iii)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have a
material effect on the financial statements.





PART
II - OTHER INFORMATION





ITEM
1.  LEGAL PROCEEDINGS





We are
not a party to any legal proceedings and, to our knowledge, no such proceedings
are threatened or contemplated against us.





ITEM
      1A.
            RISK
      FACTORS





A smaller
reporting company is not required to provide the information required by this
Item. However, please note the following about Forward-Looking Statements and
the following brief description of certain risks that could have a material,
adverse impact on the Company and its operations.





15


Cautionary
Information Regarding “Forward-Looking Statements”




This
Quarterly Report on Form 10-Q includes certain statements about us that may be
deemed to be “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995.  These forward-looking
statements relate to matters such as, among other things, product development
and acceptance, our anticipated financial performance, business prospects,
technological developments, new products, future distribution or license rights,
international expansion, possible strategic alternatives, new business concepts,
capital expenditures, consumer trends and similar matters.





Forward-looking
statements necessarily involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievement expressed or implied by these
forward-looking statements.  In some cases, you can identify
forward-looking statements by terminology such as “may,” “will,” “should,”
“could,” “intend,” “expect,” “anticipate,” “assume,” “hope,” “plan,” “believe,”
“seek,” “estimate,” “predict,” “approximate,” “potential,” “continue” or the
negative of these terms.  Statements including these words and
variations of these words, and other similar expressions, are forward-looking
statements.  Although we believe that the expectations reflected in
our forward-looking statements are reasonable based upon our knowledge of our
business, we cannot absolutely predict or guarantee any future results, levels
of activity, performance or achievements.  Moreover, neither we nor
any other person assumes responsibility for the accuracy and completeness of
these statements.





We note
that a variety of factors could cause our actual results and future experiences
to differ materially from the anticipated results or other expectations
expressed in these forward-looking statements. The risks and uncertainties that
may affect our operations, performance, development and results include, but are
not limited to, the following:





·
            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;




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




·
            our
      ability to obtain any commercial financing to allow us to purchase seafood
      inventory for processing in our iPuraTM System, and to
      obtain such financing in amounts required and on commercially reasonable
      terms;




·
            our
      ability to negotiate contracts and purchase orders with distributors and
      retailers;




·
            risks
      related to inventory costs, shipping and handling and
      spoilage;




·
            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;




16


·
            our
      ability to enter into additional contracts with food processors, the time
      it takes for us to enter into any of these contracts and the licensing or
      pricing models we are able to
implement;




·
            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, including all required import-exporter licenses and
      permits;




·
            whether
      the introduction of the iPuraTM 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 whether our
      existing working capital will be sufficient for us to continue to develop
      our systems and products to the extent we
  anticipate;




·
            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.




17


Forward-looking
statements made by us are based upon knowledge of our business and the
environment in which we operate.  However, because of the factors
listed above, actual results may differ from those in the forward-looking
statements. Consequently, these cautionary statements qualify all of the
forward-looking statements made in this report.  We cannot assure you
that the results or developments we anticipate will be realized or, even if
substantially realized, that those results or developments will result in the
expected consequences or otherwise affect us, our business or operations in the
ways expected.  You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates, or on any
subsequent written and oral forward-looking statements attributable to us or
persons acting on our behalf, all of which are expressly qualified in their
entirety by these cautionary statements.  Except to the extent
required by law, we do not undertake any obligation to release or publish any
revisions to our forward-looking statements, including without limitation those
contained in this report, to reflect events or circumstances after the date of
this report or to reflect the occurrence of unanticipated events.





ITEM
2.  UNREGISTERED SALES OF EQUITY SECURITIES





Sales
of Unregistered Securities





During
the period covered by this Quarterly Report, we issued the following securities
which were not registered under the Securities Act of 1933.  We did
not employ any form of general solicitation or advertising in connection with
the offer and sale of the securities described below.  In addition, we
believe the purchasers of the securities are “accredited investors” for the
purpose of Rule 501 of the Securities Act.  For these reasons, among
others, the offer and sale of the securities listed below were made in reliance
on the exemption from registration provided by Section 4(2) of the Securities
Act, Regulation D and/or Regulation S promulgated by the Securities and Exchange
Commission under the Securities Act.





In the
three months ended June 30, 2009, a total of 106,062 shares of common stock and
67,190 warrants to purchase common stock were issued in private placements for
total proceeds of $477,279. All stock and unit sales were at $4.50 per share or
unit. All warrants are exercisable at $7.00 and have a three year
term.





In the
three months ended June 30, 2009, a total of 37,617 shares of common stock were
issued for services to consultants. Related expense of approximately $169,277
was recorded as operating expenses in the quarter ended June 30,
2009.





A Series
B Preferred Stock, par value $.0001 was authorized and 222,222 shares were sold
to one individual at a price of $4.50 per share yielding proceeds of
$1,000,000.





During
the quarter ended June 30, 2009, an equity program was implemented pursuant to
which we issued warrants to purchase 1,891,926 shares of our Common Stock to our
stockholders, including indirect stockholders of our parent
entity.  The warrants have three year terms and an exercise price of
$7.00 per share. No consideration was received by the Company for the warrant
issuances, which we have treated as a dividend for accounting
purposes.





Purchases
of Equity Securities





We are
required by the Securities Act of 1933 to disclose, in tabular format, any
repurchases of our securities during this reporting period. We did not
repurchase any of our securities during this reporting period, and accordingly,
we have eliminated such table.





18





ITEM
3.  DEFAULTS UPON SENIOR SECURITIES





During
the three month period ended March 31, 2009, there were no material defaults in
the payment of principal or interest, a sinking or purchase fund installment, or
any other material default not cured within 30 days or with the consent of the
lender, with respect to any of our indebtedness exceeding 5% of our total
assets.





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





During
our fiscal quarter covered by this Quarterly Report on Form 10-Q, there have not
been any material change to the procedures by which our security holders may
recommend nominees to our Board of Directors.








ITEM
6.  EXHIBITS





Exhibit No.
                Description3.1
      (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, 2005.3.5
      (4)
                Certificate
      of Designation of Preferences and Rights - Preferred Stock Series
      B31.1*
                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





19


(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.(4)
            Filed
      on July 15, 2009 as an exhibit to Global Food’s Report on Form 8-K
      and incorporated herein by
reference.








20




SIGNATURES





In
accordance with the requirements of the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.




GLOBAL FOOD
      TECHNOLOGIES, INC.Dated:   August
      13, 2009
              By:
              /s/ Keith
      MeeksKeith
      Meeks, President and
                Chief
      Executive Officer
                (PRINCIPAL
      EXECUTIVE OFFICER)


Dated:   August
      13, 2009
              By:
              /s/ Marshall
      F. SparksMarshall
      F. Sparks, Chief Financial Officer
                (PRINCIPAL
      ACCOUNTING OFFICER)