**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington
      D.C. 20549**




**FORM
      10-QSB**


(Mark
      One)




XX
            QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





For
      the
      quarterly period ended: **December
      31, 2005**





TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





For
      the
      transition period from _________________ to _________________







Commission
                File No.:**0-29994**







**INFORM
      WORLDWIDE HOLDINGS, INC.**


(Exact
      name of registrant as specified in its charter)








**Florida**
            **20-3379902**(State
                or other jurisdiction of
              incorporation
                or organization)
            (I.R.S.
                Employer
              Identification
                No.)**2501
                North Green Valley Parkway, Suite 110, Henderson, NV
                89014**
              ****(Address
                of principal executive offices)


Issuer’s
      telephone number: **(702)
      317-2300**




**___________________**




Check
      whether the registrant filed all documents and reports required to be filed
      by
      Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 during the
      preceding 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




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes  X   No___







**APPLICABLE
      ONLY TO CORPORATE ISSUERS**




As
      of
      February 1, 2006, there were 192,240,644 shares of our common stock were
      outstanding.




Transitional
      Small Business Disclosure Format: Yes  No X










**PART
      1:**  **FINANCIAL
      INFORMATION**





**ITEM
      1 - FINANCIAL STATEMENTS**





**Inform
                Worldwide Holdings, Inc.****Consolidated
                Balance Sheets****(Unaudited)**December
                31,
            
            
            June
                30,2005
            
            
            2005**Assets**Current
                AssetsCash
            
            $
            1,498
            
            $
            1,010Notes
                receivable
            
            
            -
            
            
            20,000Total
                current assets
            
            
            1,498
            
            
            21,010Total
                Assets
            
            $
            1,498
            
            $
            21,010**Liabilities
                and Stockholders' Deficit**Current
                LiabilitiesAccounts
                payable
            
            $
            62,646
            
            $
            45,185Accrued
                expenses
            
            
            33,154
            
            
            46,154Related
                party payables
            
            
            439,866
            
            
            401,965Settlement
                payable
            
            
            160,000
            
            
            180,000Line
                of credit
            
            
            57,613
            
            
            55,196Total
                current laibilities
            
            
            753,279
            
            
            728,500Stockholders'
                DeficitPreferred
                stock, no par value,Series
                A: 1,000,000 authorized, zero shares and 700,000 sharesissued
                and outstanding, respectively
            
            
            -
            
            
            1,171,632Series
                B: 10,000,000 authorized, zero shares and 10,000,000
                sharesissued
                and outstanding, respectively
            
            
            -
            
            
            100,000Undesignated:
                489,000,000 authorized, zero issued and outstanding
            
            
            -
            
            
            -Common
                Stock, no par value, 5,000,000,000 shares authorized,192,240,096
                and 40,083 shares issued and outstanding, respectively
            
            
            11,035,582
            
            
            9,703,950Additional
                paid-in capital
            
            
            33,848
            
            
            33,848Deferred
                compensation
            
            
            (56,000
            )
            
            -Accumulated
                deficit
            
            
            (11,765,211
            )
            
            (11,716,920
            )Total
                stockholders' deficit
            
            
            (751,781
            )
            
            (707,490
            )Total
                Liabilities and Stockholders' Deficit
            
            $
            1,498
            
            $
            21,010**See
                notes to Financial Statements.****F-1**







**Inform
                Worldwide Holdings, Inc.****Consolidated
                Statements of Operations****(Unaudited)**Three
                Months Ended
            Six
                Months EndedDecember
                31,
            December
                31,2005
            
            
            2004
            
            
            2005
            
            
            2004Revenues
            
            $
            -
            
            $
            -
            
            $
            -
            
            $
            -Operating
                expensesGeneral
                and administrative expenses
            
            
            33,181
            
            
            835,591
            
            
            45,033
            
            
            1,035,387Compensation
                expense from stock options issued
            
            
            -
            
            
            54,840
            
            
            -
            
            
            54,840Total
                operating expenses
            
            
            33,181
            
            
            890,431
            
            
            45,033
            
            
            1,090,227(Loss)
                from operations
            
            
            (33,181
            )
            
            (890,431
            )
            
            (45,033
            )
            
            (1,090,227
            )Other
                income/(expense)Interest
            
            
            (1,208
            )
            
            -
            
            
            (3,257
            )
            
            (4
            )Litigation
                settlement
            
            
            -
            
            
            (120,000
            )
            
            -
            
            
            (120,000
            )Income
                from extinquishment of debt
            
            
            -
            
            
            -
            
            
            -
            
            
            424,212Total
                other income/(expense)
            
            
            (1,208
            )
            
            (120,000
            )
            
            (3,257
            )
            
            304,208Net
                (loss)
            
            $
            (34,389
            )
            $
            (1,010,431
            )
            $
            (48,290
            )
            $
            (786,019
            )Basic
                and diluted net (loss) per common share
            
            $
            (0.00
            )
            $
            (914.42
            )
            $
            (0.00
            )
            $
            (711.33
            )Weighted
                average common shares outstanding
            
            
            190,781,400
            
            
            1,105
            
            
            113,997,700
            
            
            1,105**See
                notes to Financial Statements.****F-2**











**Inform
                Worldwide Holdings, Inc.****Consolidated
                Statements of Cash Flows****(Unaudited)**Six
                Months EndedDecember
                31,2005
            
            
            2004Operating
                ActivitiesNet
                cash provided by/(used in) operating activities
            
            $
            488
            
            $
            (357,046
            )Investing
                ActivitiesAdvances
                on notes receivable
            
            
            -
            
            
            (82,354
            )Net
                cash used in investing activities
            
            
            -
            
            
            (82,354
            )Financing
                ActivitiesBank
                overdraft
            
            
            -
            
            
            4,727Proceeds
                from issuance of common stock
            
            
            -
            
            
            310,770Proceeds
                from notes payable
            
            
            -
            
            
            120,000Net
                cash provided by financing activities
            
            
            -
            
            
            435,497Net
                increase/(decrease) in cash
            
            
            488
            
            
            (3,903
            )Cash
                at beginning of period
            
            
            1,010
            
            
            3,903Cash
                at end of period
            
            $
            1,498
            
            $
            -Supplemental
                disclosures ofcash
                flow information:Cash
                paid for interest
            
            $
            -
            
            $
            -Cash
                paid for income taxes
            
            $
            -
            
            $
            -**See
                notes to Financial Statements.****F-3**








**Inform
      Worldwide Holdings Inc.**


**Notes
      to Consolidated Financial Statements**


**December
      31, 2005**


**(Unaudited)**





**NOTE
      1 - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES**





Basis
      of Presentation





The
      accompanying unaudited financial statements include the accounts of Inform
      Worldwide Holdings, Inc. (formerly Anything Corporation & Anything Internet
      Corporation) and have been prepared in accordance with Securities and Exchange
      Commission requirements for interim financial statements. Therefore, they do
      not
      include all of the information and footnotes required by accounting principles
      generally accepted in the United States for complete financial statements.
      The
      financial statements should be read in conjunction with Form 10-KSB for the
      year
      ended June 30, 2005 of Inform Worldwide Holdings, Inc. (the
“Company”).





The
      interim financial statements present the condensed balance sheet, statements
      of
      operations and cash flows of Inform Worldwide Holdings, Inc. The financial
      statements have been prepared in accordance with accounting principles generally
      accepted in the United States.





The
      interim financial information is unaudited. In the opinion of management, all
      adjustments necessary to present fairly the financial position of the Company
      as
      of December 31, 2005 and the results of operations and cash flows presented
      herein have been included in the financial statements. Interim results are
      not
      necessarily indicative of results of operations for the full year.





Reincorporation





The
      Company was originally incorporated in the State of Colorado. On January 14,
      2005, the Company’s board of directors approved the reincorporation of the
      Company from Colorado to Florida. The reincorporation was approved by the
      stockholders at a Special Shareholder’s Meeting held on February 21,
      2005.





On
      January 14, 2005, the Company's board of directors approved a plan of merger
      wherein the Colorado corporation was merged into the Florida corporation.
      Authorized shares were increased from 250,000,000 to 5,500,000,000, and the
      shares of the Colorado corporation were converted to shares of the Florida
      corporation. The merger was approved by the stockholders at a Special
      Shareholder's Meeting held on February 21, 2005.





Nature
      of Organization





The
      Company had focused its efforts on becoming a location-based services provider
      and reseller of related software systems while pursuing other business
      development opportunities. The Company has ceased its efforts in the field
      of
      location-based services and has been exploring other business opportunities.
      Presently, there are no revenues from operations and the Company has needed
      to
      raise equity capital and obtain loans from stockholders to meet its operating
      commitments. There is no agreement or commitment from any other source to
      continue to provide funds to the Company and there is no assurance that the
      Company will obtain the needed capital to continue to operate.





As
      shown
      in the accompanying financial statements, the Company incurred a net loss of
      $48,290 and $1,718,011 during the six months ended December 31, 2005 and the
      year ended June 30, 2005, respectively. As of December 31, 2005, the Company’s
      current liabilities exceeded its current assets by approximately $750,000.
      Those
      conditions, together with those described above, raise substantial doubt about
      the Company’s ability to continue as a going concern. Management is developing
      plans for reductions of its operating expenses and looking for potential
      acquisition or merger candidates. The financial statements do not include any
      adjustments that might be necessary if the Company is unable to continue as
      a
      going concern.








F-4





**NOTE
      1 - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (CONTINUED)**





Net
      Loss Per Share





The
      Company applies the provisions of Statement of Financial Accounting Standard
      No.
      128, “Earnings Per Share” (FAS 128). All dilutive potential common shares have
      an antidilutive effect on diluted per share amounts and therefore have been
      excluded in determining net loss per share. The Company’s basic and diluted loss
      per share is equivalent and, accordingly, only basic loss per share has been
      presented.








**NOTE
      2 - LINE OF CREDIT**





The
      Company has a $50,000 line of credit with a bank. Payments are due on the
      15 th of each
      month and interest accrues at the rate of 13.88% per annum. The line of credit
      is personally guaranteed by a former officer of the Company. At December 31,
      2005 and June 30, 2005, the Company was in default in the payment of certain
      amounts due under the line of credit.








**NOTE
      3 - STOCKHOLDERS’ (DEFICIT)**





The
      Company is authorized by its Articles of Incorporation, as amended, to issue
      an
      aggregate of 5,000,000,000 shares of common stock, no par value, (“Common
      Stock”); and 500,000,000 shares of preferred stock, no par value
      (“Preferred Stock”), of which 1,000,000 shares have been designated series A
      preferred stock (“Series A Preferred Stock”) and 10,000,000 shares have been
      designated series B preferred stock (“Series B Preferred Stock).





In
      July
      2004 the Company issued 700,000 shares of Series A Preferred Stock in exchange
      for $1,171,632 in amounts due to a stockholder and affiliates. The Series A
      Preferred Stock carries a cumulative dividend of prime rate, as defined, plus
      3%
      per annum, payable quarterly, if and when declared, and is redeemable and
      callable by the Company at $1.00 per share. The Series A Preferred Stock is
      convertible into common shares of the Company at the option of the holder at
      $1.00 per share. In addition, the Series A Preferred Stockholders shall have
      superior rights to all other classes of capital stock upon liquidation of the
      Company.





On
      November 22, 2005, all 700,000 shares of the Series A Preferred Stock were
      converted into 2,200,000 shares of common stock.


During
      the quarter ended September 30, 2005, 10,000,000 Series B Preferred shares
      were
      converted into 150,000,000 shares of the Company’s no par common shares. The
      Company’s transfer agent issued thirteen “rounding” shares related to the
      reverse split of shares on August 29, 2005.





Effective
      September 13, 2005 the Company issued 40,000,000 shares of common stock to
      Investor Relations Services, Inc. pursuant to a consulting agreement valued
      at
      $60,000 as a compensatory stock grant. The issuance was exempt under Section
      4(2) of the Securities Act of 1933, as amended.





Series
      B Preferred Stock





On
      February 1, 2005, the Company designated a series of preferred stock known
      as
      Class B, Series 1 Preferred Stock, no par value per share (now Series B
      Preferred Stock after consummation of our reincorporation in February 2005).
      Each share of Series B Preferred Stock is convertible into fifteen (15) shares
      of the Company’s common stock at any time after July 3, 2005 at the option of
      the holder. Holders of the Series B Preferred Stock shall be entitled to receive
      dividends or other distributions with the holders of the Company’s common stock
      on an as converted basis when, as, and if declared by the Company’s board of
      directors. The holders of the Series B Preferred Stock shall also be entitled
      to
      receive, upon liquidation, an amount equal to $0.01 per share of the Series
      B
      Preferred Stock plus all declared but





F-5





**NOTE
      3 - STOCKHOLDERS’ DEFICIT (CONTINUED)**





unpaid
      dividends with respect to such shares. The shares of Series B Preferred Stock
      are not redeemable. As of September 30, 2005 all of the issued and outstanding
      Series B Preferred shares had been converted into common shares.





The
      holders of Series B Preferred Stock and the holders of the Company’s common
      stock shall be entitled to notice of any stockholders’ meeting and to vote as a
      single class upon any matter submitted to the stockholders for a vote as
      follows: (i) the holders of Series B Preferred Stock shall have such number
      of
      votes as is determined by multiplying (a) the number of shares of Series B
      Preferred Stock held by such holder, (b) the number of issued and outstanding
      shares of the Company’s common stock (on a fully-diluted basis) as of the record
      date for the vote, or, if no such record date is established, as of the date
      such vote is taken or any written consent of stockholders is solicited, and
      (c)
      0.0000002; and (ii) the holders of our common stock shall have one vote per
      share of common stock held as of such date.





Share
      Exchange





On
      February 1, 2005, the Company agreed to exchange 1,000 shares of its common
      stock held by its former president and controlling stockholder for 10,000,000
      shares of the Company’s Series B Preferred Stock. As of September 30, 2005,
      these Series B Preferred shares had been converted into common
      shares.




Stock
      Purchase Agreement





On
      January 5, 2005, the Company entered into a stock purchase agreement with its
      Chief Executive Officer, Randy W. Betts, and its controlling stockholder, Ashvin
      Mascarenhas, whereby Mr. Mascarenhas agreed to sell 10,000,000 shares of the
      Company’s Series B Preferred Stock held by him to Mr. Betts. Pursuant to the
      terms of the Agreement, the Company agreed not to amend such terms of the Series
      B Preferred Stock, issue any additional shares of any class or series of
      preferred stock, appoint any new directors, increase the number of directors,
      terminate any existing employees or employment agreements, or change or modify
      any existing contractual agreement between the Company and a corporation
      controlled by Mr. Mascarenhas.





Change
      in Control





On
      July
      25, 2005, Ashvin Mascarenhas accepted 10,000,000 shares of our Class B, Series
      1
      Preferred Stock issued (currently Series B Preferred Stock after giving effect
      to our reincorporation in February 2005) in the name of Randy Betts (the
“Preferred Stock”) in consideration of the obligations of Mr. Betts secured
      under that certain $600,000 Secured Promissory Note dated January 5, 2005 made
      by Mr. Betts in favor of Mr. Mascarenhas (the “Note”). Mr. Betts originally
      issued the Note as payment for his purchase of the Preferred Stock from Mr.
      Mascarenhas and the Note was secured by a Pledge Agreement whereby Mr. Betts
      pledged and granted a security interest in and to the Preferred Stock until
      such
      time as the Note was paid in full. Mr. Betts failed to make any of the payments
      under the Note resulting in an Event of Default under the Pledge Agreement
      and
      giving Mr. Mascarenhas rise to all rights and remedies as a secured party with
      respect to the Preferred Stock.





Increase
      in Authorized Capital





On
      January 14, 2005, the Company’s board of directors approved an increase in
      authorized capital, increasing the authorized shares from 250,000,000 to
      5,500,000,000. The increase in authorized capital was approved by the
      stockholders at a Special Shareholder’s Meeting held on February 21,
      2005.


Reverse
      Stock Split





On
      March
      1, 2005, the Company and board of directors approved a 1 for 100 reverse stock
      split. The reverse split became effective the same day. All references to common
      stock and per share data have been retroactively restated to show the effect
      of
      the reverse stock split.





F-6





**NOTE
      3 - STOCKHOLDERS’ DEFICIT (CONTINUED)**





On
      August, 29, 2005, a 1 for 1,500 reverse split became effective upon the
      requisite Board of Directors approval. All references to common stock and per
      share data have been retroactively restated to show the effect of the reverse
      stock split.





**NOTE
      4 - CONTINGENCIES**





The
      Company is involved in litigation alleging the Company’s breach of a contract by
      delaying its resale of certain Company stock. The Company reached an agreement
      (the “Parrish Agreement”) to settle the case for $120,000, payable as follows:
      $10,000 upon execution of a definitive settlement agreement, and $10,000 per
      month for eleven months commencing forty-five days after execution of the
      agreement.





On
      July
      25, 2005, the Company entered into an Assignment and Assumption Agreement
      ("Assignment Agreement") with Global Material & Services, Inc, ("Global")
      whereby the Company assigned all the Company's obligations under the Parrish
      Agreement in exchange for forgiveness of certain demand notes ("Demand Notes")
      under which the Company lent funds to Global. Global failed to make the monthly
      payments pursuant to the Assignment Agreement and is in default. Because of
      Global's default, on September 16, 2005, the plaintiffs filed and were granted
      the stipulated judgment pursuant to the Parrish Agreement for $200,000. The
      Company is currently in negotiations with the plaintiffs for settlement of
      the
      judgment.




























































































F-7





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





The
      following discussion and analysis should be read in conjunction with our
      unaudited consolidated condensed financial statements and related notes included
      in this report. This report contains “forward-looking statements” within the
      meaning of the Private Securities Litigation Reform Act of 1995. The statements
      contained in this report that are not historic in nature, particularly those
      that utilize terminology such as “may,” “will,” “should,” “expects,”
“anticipates,” “estimates,” “believes,” or “plans” or comparable terminology are
      forward-looking statements based on current expectations and assumptions.




Various
      risks and uncertainties could cause actual results to differ materially from
      those expressed in forward-looking statements. Factors that could cause actual
      results to differ from expectations include, but are not limited to, customer
      concentration risk, difficulties in refinancing short term debt, difficulties
      in
      consolidating the operations of our operating subsidiaries, difficulties in
      accelerating internal sales growth, difficulties identifying and acquiring
      complementary businesses, restrictive covenants in our existing credit
      facilities, fluctuations in metals prices, general economic conditions in
      markets in which we do business, extensive environmental and workplace
      regulation by federal and state agencies and other general risks related to
      our
      common stock.




All
      forward-looking statements in this document are based on information currently
      available to us as of the date of this report, and we assume no obligation
      to
      update any forward-looking statements. Forward-looking statements involve known
      and unknown risks, uncertainties and other factors that may cause the actual
      results to differ materially from any future results, performance or
      achievements expressed or implied by such forward-looking
      statements.




**General**





Our
      company, Inform Worldwide Holding, Inc., was incorporated as “Anything, Inc.” in
      August of 1997 as a Colorado corporation. We originally operated Internet
      storefronts, including AnythingPC.com, AnythingUnix.com, AnythingMac.com,
      AnythingCoffee.com, Anythingbooks.com and AnyReminder.com, selling Internet
      computer hardware, coffee retail services, and books and providing a free
      reminder service site with gift sales. We changed our name to Anything Internet
      Corporation in 1998 and to Inform Worldwide Holdings, Inc. in 2000.





During
      the first quarter of 2000, under direction of a new management team, we launched
      a transformation from our previous position as a generalized E-commerce services
      provider to that of a highly focused syndicator of L-commerce. L-commerce
      consists of “location-aware” Internet applications that deliver location and
      geographic information for commercial use. To achieve the objective of becoming
      a leading location service provider, we acquired Inform Worldwide Inc., or
      Inform, on June 30, 2000 in exchange for shares of our common stock. At the
      same
      time, we signed a definitive agreement to purchase Mapas y Datos and Mapas
      Latinos, both of Colombia, to further efforts in location based
      technology.





Prior
      to
      its acquisition, Inform operated as a privately owned corporation to provide
      location technology services to the telecommunications and utilities industries.
      Founded in 1993, Inform has served over 200 organizations worldwide, including
      Hewlett Packard, Compaq, CH2MHill, SAIC/Telcordia, Oracle, and Utilicorp.
      Through R&D investments and pilot projects, Inform built software
      applications that integrate geographic information into business systems and
      processes to enable and support monitoring and management of assets through
      the
      Internet.





In
      January 2001, it became apparent that we could not sustain operations on
      Inform’s L-commerce business plan as asset and personalized location tracking
      proved to be too expensive to be considered a feasible solution to potential
      customers. In addition, other companies already existed with a stronghold on
      the
      market in areas such as consumer-mapping portals, and we realized that we could
      not compete.





Moreover,
      in February 2001, we determined that in order to make use of Mapas y Datos
      products in a North American market, we would be required to not only translate
      the data, but also make changes to the programs to adapt them to meet the needs
      of a North American market. Compounding this problem was the fact that other
      companies already existed in the market place with products already suited
      to
      the North American market at a price with which the Company could not compete.
      Accordingly, we dissolved our relationship with Mapas y Datos.





2





Since
      2001, our business plan has been to locate and consummate a business combination
      or transaction with another entity engaged in a business that generates revenues
      in exchange for our securities. We have looked at numerous opportunities but
      have not yet identified any particular acquisition target and do not have any
      agreements regarding a business combination.





Effective
      June 30, 2002, Inform, our wholly owned subsidiary, filed articles of
      dissolution with the Colorado Secretary of State. As the sole stockholder of
      Inform, we approved the dissolution of Inform.





On
      June
      30, 2004, we issued 150,000,000 shares of our common stock to Mr. Ashvin
      Mascarenhas for a purchase price of $100,000.00. The 150,000,000 shares
      constituted approximately ninety percent (90%) of the issued and outstanding
      shares of our common stock. Mr. Mascarenhas acquired our shares for investment
      purposes. Before this issuance, Mr. Larry Arnold was our controlling
      stockholder. Mr. Mascarenhas was appointed to our board of directors and was
      named as our President and Secretary. Our former directors and officers
      resigned.





On
      November 2, 2004, our sole director, Ashvin Mascarenhas resigned from his
      position as a director of the company. Concurrently with the resignation of
      Mr.
      Mascarenhas, our Board of Directors appointed James R. Wheeler and Randy W.
      Betts to the Board of Directors. Mr. Mascarenhas did not resign because of
      a
      disagreement with us on any matter relating to our operations, policies, or
      practices.





On
      November 2, 2004, our President and Secretary, Ashvin Mascarenhas resigned
      from
      his position as President and Secretary of the company. Concurrently with the
      resignation of Mr. Mascarenhas, our Board of Directors appointed Randy W. Betts
      as our Chief Executive Officer, Chief Financial Officer, and
      Secretary.





In
      November 2004, we signed a non-binding letter of intent to acquire Hand Picked
      Films, Inc. and Hand Picked Management, two related, privately-held companies
      based in Southern California. These acquisitions were never consummated and
      have
      been abandoned.





Effective
      December 1, 2004, the Company entered into a Consulting Agreement with Loyola
      Financial Services, Inc., an affiliated company, to provide consulting and
      shareholder support services.





On
      January 5, 2005, we agreed to exchange 150,000,000 shares of our common stock
      held by Ashvin Mascarenhas, our former President and controlling stockholder,
      for 10,000,000 shares of our Class B, Series 1 Preferred Stock, no par value
      per
      share. The transaction was exempt pursuant to Section 4(2) of the Securities
      Act
      of 1933.





On
      January 5, 2005 we entered into a stock purchase agreement with Randy W. Betts,
      our Chief Executive Officer, and Ashvin Mascarenhas, our former President and
      controlling stockholder, whereby Mr. Mascarenhas agreed to sell 10,000,000
      shares of our Preferred Stock held by him to Mr. Betts for a secured promissory
      note in the principal amount of $600,000 payable in 24 monthly installments
      of
      $25,000 per month. The note was secured by a Pledge Agreement, whereby Mr.
      Betts
      pledged, and granted a security interest in and to, the Class B, Series 1
      Preferred Stock purchased from Mr. Mascarenhas until such time as the payments
      due under the note have been paid in full. Pursuant to the terms of the
      Agreement, we agreed not to amend the terms of the Preferred Stock, issue any
      additional shares of any class or series of preferred stock, appoint any new
      directors, increase the number of directors, terminate any existing employees
      or
      employment agreements, or change or modify any existing contractual agreement
      between the company and Loyola Financial Services, Inc.





On
      January 14, 2005, the Company’s board of directors approved its reincorporation
      from Colorado to Florida. Under the terms of this reorganization, each share
      of
      (i) Class A and Class B common stock of the previous Colorado corporation were
      converted into one fully paid and nonassessable share of Common Stock of the
      new
      Florida corporation; (ii) Class A, Series 1 Cumulative Convertible Preferred
      Stock of the previous Colorado corporation were converted into one fully paid
      and nonassessable share of the Series A Preferred Stock of the new Florida
      corporation and (iii) Class B, Series 1 Preferred Stock of the previous Colorado
      corporation were converted into one fully paid and nonassessable share of Series
      B Preferred Stock of the new Florida corporation.





On
      July
      25, 2005, Ashvin Mascarenhas accepted 10,000,000 shares of our Class B, Series
      1
      Preferred Stock issued (currently Series B Preferred Stock after giving effect
      to our reincorporation in February 2005) in the name of


3





Randy
      Betts (the “Preferred Stock”) in consideration of the obligations of Mr. Betts
      secured under that certain $600,000 Secured Promissory Note dated January 5,
      2005 made by Mr. Betts in favor of Mr. Mascarenhas (the “Note”). Mr. Betts
      originally issued the Note as payment for his purchase of the Preferred Stock
      from Mr. Mascarenhas and the Note was secured by a Pledge Agreement whereby
      Mr.
      Betts pledged and granted a security interest in and to the Preferred Stock
      until such time as the Note was paid in full. Mr. Betts has failed to make
      any
      and all payments to Mr. Mascarenhas under the Note resulting in an Event of
      Default under the Pledge Agreement and giving Mr. Mascarenhas rise to all rights
      and remedies as a secured party with respect to the Preferred
      Stock.





Pursuant
      to the terms of an Agreement to Convert Series A Preferred Stock dated as of
      November 22, 2005 by and between Inform Worldwide Holdings, Inc and Larry G.
      Arnold, on November 22, 2005, Mr. Arnold converted all 700,000 shares of our
      Series A Preferred Stock held by him into 2,200,000 shares of our common
      stock.





We
      currently have limited working capital with which to satisfy our cash
      requirements, and we will require additional capital in order to conduct
      operations. We anticipate that we will need at least $500,000 in additional
      working capital in order to sustain operations for the next 12 months. This
      requirement may increase substantially, depending on the nature and capital
      requirements of the business opportunities we elect to pursue.





During
      the quarter ended December 31, 2004, we borrowed approximately $175,000 from
      our
      president and majority stockholder, Ashvin Mascarenhas, pursuant to a demand
      note, in order to cover our expenses.





In
      order
      to obtain the necessary working capital, we intend to continue to seek private
      equity financing in fiscal 2006. Such financing may not be available to us,
      when
      and if needed, on acceptable terms or at all. In the event that we are unable
      to
      obtain such financing, management may provide additional financing for
      us.





In
      the
      next twelve months, we intend to hire from five to up to twenty employees,
      depending on the nature of the business opportunities we elect to pursue.





We
      intend
      to retain any future earnings to finance the expansion of our business and
      any
      necessary capital expenditures, and for general corporate purposes.





Our
      principal executive offices are located at 2501 North Green Valley Parkway,
      #110, Henderson, Nevada 89014, and our telephone number is (702) 317-2300.
      We do
      not maintain a website.





**ITEM
      3 - CONTROLS AND PROCEDURES**





We
      carried out an evaluation, under the supervision and with the participation
      of
      our Chief Executive Officer and Chief Financial Officer, of the effectiveness
      of
      the design and operation of our disclosure controls and procedures, as defined
      in Exchange Act Rule 13a-14(c) as of the end of the period covered by this
      Quarterly Report on Form 10-QSB.





Based
      upon our evaluation, including consideration of the communications made by
      our
      auditors, we have concluded that our disclosure controls and procedures were
      not
      effective to ensure that information required to be disclosed in our Exchange
      Act reports is recorded, processed, summarized and reported within the time
      periods specified in the Securities and Exchange Commission’s rules and forms,
      and that such information is accumulated and communicated to them to allow
      timely decisions regarding required disclosure. For purposes of increasing
      the
      effectiveness of our disclosure controls and procedures, we have retained the
      services of an outside CPA to assist in the preparation and compilation of
      our
      financial statements in the future so that there will be no further
      misapplication of US GAAP in their preparation.





Other
      than the additional material weaknesses described above, there has been no
      change in our internal control over financial reporting that occurred during
      our
      last fiscal quarter that has materially affected, or is reasonably likely to
      materially affect, our internal control over financial reporting.





4





**PART
      II: OTHER INFORMATION**




**ITEM
      1 - LEGAL PROCEEDINGS**





We
      are
      currently a defendant in a civil lawsuit in El Paso County District Court,
      Colorado Springs, Colorado, Lloyd K. Parrish, Jr., et. al. v. Larry D. Arnold
      and Inform Worldwide Holdings, Inc. The plaintiffs filed this lawsuit on or
      about March 2002, alleging that we and Mr. Arnold breached a contract in
      delaying its resale of certain common stock. The Plaintiffs seek an unspecified
      amount of damages. In May 2004, Mr. Arnold entered into an agreement with us
      whereby he has agreed to fully and unconditionally indemnify us for any and
      all
      claims, liabilities, costs and attorneys’ fees arising out of or related to this
      litigation. We have reached an agreement in principle to settle the case for
      $120,000, payable as follows: $10,000 upon execution of a definitive settlement
      agreement, and $10,000 per month for eleven months commencing forty-five days
      after execution of a definitive settlement agreement. A definitive settlement
      agreement ("Parrish Agreement") was signed during the quarter ended March 31,
      2005.





On
      July
      25, 2005, the Company entered into an Assignment and Assumption Agreement
      ("Assignment Agreement") with Global Material & Services, Inc, ("Global")
      whereby the Company assigned all the Company's obligations under the Parrish
      Agreement in exchange for forgiveness of certain demand notes ("Demand Notes")
      under which the Company lent funds to Global. Under the Assignment Agreement
      the
      Company credited the Demand Notes in the amounts of three (3) payments of
      $10,000 in addition to the initial $10,000 payment. Global failed to make the
      monthly payments pursuant to the Assignment Agreement and is in default. Because
      of Global's default, on September 16, 2005, the plaintiffs filed and were
      granted the stipulated judgment pursuant to the Parrish Agreement for $160,000.
      The Company is currently in negotiations with the plaintiffs for settlement
      of
      the judgment.





**ITEM
      2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**





Effective
      September 13, 2005 the Company issued 40,000,000 shares of common stock to
      Investor Relations Services, Inc. pursuant to a consulting agreement valued
      at
      $60,000 as a compensatory stock grant. The issuance was exempt under Section
      4(2) of the Securities Act of 1933, as amended.





In
      September 2005, we issued a convertible promissory note with an effective date
      of July 1, 2004 in an amount of up to $100,000.  The note was issued to our
      legal counsel in consideration of amounts owing under outstanding legal invoices
      and in connection with the fee agreement previously executed between us and
      our
      legal counsel.  The promissory note is payable upon demand and bears
      interest at a rate of 1.5 % per month.  In addition, the note is
      convertible (except for any legal services incurred in connection with "capital
      raising" transactions) into our common stock at a conversion price of $0.02
      per
      share.  The conversion price is subject to adjustment in the event of a
      sale of the our company and certain other specified changes in
      ownership.  We agreed to register the shares of common stock
      underlying the promissory note.  We relied on the exemption from
      registration provided under Section 4(2) of the Securities Act of 1933, as
      amended for the offer and sale of the convertible promissory
      note.


















































5





**ITEM
      3 - DEFAULT UPON SENIOR SECURITIES**





None.





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





No
      matter
      was submitted to a vote of security holders during the second quarter of our
      fiscal year.





**ITEM
      5 - OTHER INFORMATION**




None




**ITEM
      6 - EXHIBITS**




ItemNo.
            Description
            Method
                of Filing2.1
            Agreement
                and Plan of Merger dated February 1, 2005 between Inform Worldwide
                Holdings, Inc., a Florida Corporation and Inform Worldwide Holdings,
                Inc.,
                a Colorado Corporation. (1)
            Incorporated
                by reference herein. (1)3.1
            Articles
                of Incorporation.
            Incorporated
                by reference herein. (1)3.2
            Bylaws.
            Incorporated
                by reference herein. (1)4.1
            Second
                Amended and Restated 2004 Inform Worldwide Holdings, Inc. Employee
                Stock
                Incentive Plan.
            Incorporated
                by reference herein. (2).4.2
            Second
                Amended and Restated Inform Worldwide Holdings, Inc. 2004 Non-Employee
                Directors and Consultants Retainer Stock Plan.
            Incorporated
                by reference herein. (2).4.3
            2005
                Stock Incentive Plan.
            Incorporated
                by reference herein. (3).10.1
            Stock
                Purchase Agreement dated January 5, 2005 between the Company, Ashvin
                Mascarenhas and Randy W. Betts. (4)
            Incorporated
                by reference herein. (3).31
            Certification
                of Ashvin Mascarenhas pursuant to Rule 13a-14(a)
            Filed
                electronically herewith.32
            Chief
                Executive Officer and Chief Financial Officer Certification pursuant
                to 18
                U.S.C. § 1350 adopted pursuant to Section 906 of the Sarbanes Oxley Act of
                2002
            Filed
                electronically herewith.





(1)
            Filed
                as an appendix to the Company’s Preliminary Proxy Statement on Form 14C
                (File No. 000-29994).


(2)
            Filed
                as an exhibit to the Company’s Registration Statement on Form S-8 (File
                No. 333-121898).


(3)
            Filed
                as an exhibit to the Company’s Registration Statement on Form S-8 (File
                No. 333-123054).


(4)
            Filed
                as an exhibit to the Company’s Current Report on Form 8-K (File No.
                000-29994).























6














**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.








INFORM
      WORLDWIDE HOLDINGS, INC.








February
      16, 2006     /s/
      Ashvin Mascarenhas


__________________________________________


Ashvin
      Mascarenhas


Chairman,
      President and Secretary