**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, 2006**





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 12, 2007, there were 42,240,644 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.****Balance
                Sheet**(Unaudited)December
                31,2006**Assets**Current
                AssetsCash
            
            $
            22**Liabilites
                and Stockholders'
                (Deficit)**Current
                LiabilitiesAccounts
                payable
            
            $
            85,657Accrued
                expenses
            
            
            33,154Related
                party payables
            
            
            481,837Settlement
                payable
            
            
            160,000Line
                of credit
            
            
            62,445Total
                current liabilities
            
            
            823,093Stockholders'
                (Deficit)Preferred
                stock, no par value,Series
                A: 1,000,000 authorized, zero shares issued and
                outstanding
            
            
            -Series
                B: 10,000,000 authorized, zero shares issued and
                outstanding
            
            
            -Undesignated:
                489,000,000 authorized, zero issued and outstanding
            
            
            -Preferred
              Stock Payable
            
            
            73,333Common
                Stock, no par value, 5,000,000,000 shares authorized,42,240,644
                shares issued and outstanding
            
            
            10,943,097Accumulated
                (deficit)
            
            
            (11,839,501
            )Total
                stockholders' (deficit)
            
            
            (823,071
            )Total
                Liabilities and Stockholders' (Deficit)
            
            $
            22**See
                notes to Financial Statements.****F-1**











**Inform
                Worldwide Holdings, Inc.****Statements
                of Operations****(Unaudited)**Three
                Months Ended
            Six
                Months EndedDecember
                31,
            December
                31,2006
            
            
            2005
            
            
            2006
            
            
            2005Revenues
            
            $
            -
            
            $
            -
            
            $
            -
            
            $
            -Operating
                expensesGeneral
                and administrative expenses
            
            
            24,925
            
            
            33,181
            
            
            26,549
            
            
            45,033(Loss)
                from operations
            
            
            (24,925
            )
            
            (33,181
            )
            
            (26,549
            )
            
            (45,033
            )Other
                income/(expense)Interest
            
            
            (1,208
            )
            
            (1,208
            )
            
            (2,416
            )
            
            (3,257
            )Net
                (loss)
            
            $
            (26,133
            )
            $
            (34,389
            )
            $
            (28,965
            )
            $
            (48,290
            )Basic
                and diluted net (loss) per common share
            
            $
            (0.00
            )
            $
            (0.00
            )
            $
            (0.00
            )
            $
            (0.00
            )Weighted
                average common shares outstanding
            
            
            146,262,383
            
            
            190,781,400
            
            
            149,251,514
            
            
            113,997,700**See
                notes to Financial Statements.****F-2**











**Inform
                Worldwide Holdings, Inc.****Statements
                of Cash Flows****(Unaudited)**Six
                Months EndedDecember
                31,2006
            
            
            2005Operating
                ActivitiesNet
                cash provided by/(used in) operating activities
            
            $
            (1,602
            )
            $
            488Investing
                ActivitiesNet
                cash used by/(used in) investing activities
            
            
            -
            
            
            -Net
                increase/(decrease) in cash
            
            
            (1,602
            )
            
            488Cash
                at beginning of period
            
            
            1,624
            
            
            1,010Cash
                at end of period
            
            $
            22
            
            $
            1,498Supplemental
                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 Financial Statements**


**December
      31, 2006**


**(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. 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 as of and for the year ended June 30, 2006 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, consisting of normal recurring adjustments, necessary to present
      fairly the financial position of the Company as of December 31, 2006 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.





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
      $28,965 during the six months ended December 31, 2006, and has an
      accumulated deficit of $11,839,501. As of December 31, 2006, the Company’s
      current liabilities exceeded its current assets by $823,071. Those conditions,
      together with those described above, raise substantial doubt about the Company’s
      ability to continue as a going concern. Management is 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.





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.








**F-4**





**Inform
      Worldwide Holdings, Inc.**


**Notes
      to Financial Statements**


**December
      31, 2006**


**(Unaudited)**





**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,
      2006, 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).


**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. During the period ended March
      31,
      2005, 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. Under
      the Assignment Agreement, the Company credited the Demand Notes in the amount
      of
      three payment of $10,000 in addition to the initial payment of $10,000. The
      Company is reevaluating its position regarding this case.





On
      or
      about March 30, 2006, the Company was notified that it was a defendant in a
      civil lawsuit in the Superior Court of the State of California, County of Los
      Angeles, Howard Weiss vs. Ashvin Mascarenhas, Inform Worldwide Holdings, et.
      al.
      alleging that we and Mr. Mascarenhas made misrepresentations in a security
      transaction, failed to disclose material information by corporate "insiders",
      sale of securities in violation of qualification requirements, breach of
      contract and breach of guarantee. The plaintiff has sought compensatory damages
      in an amount of $319,000 plus interest. The plaintiff has also requested an
      award of punitive damages in an amount to be proven at the time of trial.
      Outside counsel indicates that the litigation has proceeded through a
      preliminary pleading phase wherein the Company filed a demurrer to the Complaint
      and Plaintiff responded by filing a First Amended Complaint. Outside counsel
      also indicated that the potential liability may be limited to $250,000, without
      recovery of interest, less potential cross-claims; possibly in the form of
      indemnification from a third party. On December 28, 2006, the plaintiff and
      the
      Company, Mr. Mascarenhas and certain affiliates of the Company entered into
      a
      settlement agreement whereby a Dismissal with prejudice has been approved by
      the
      Court. Mr. Mascarenhas agreed to pay and has paid the plaintiff $325,000 and
      delivered 10,000 shares of the





**F-5**





Company’s
      restricted common stock. The Company has agreed to grant “piggyback”
registration rights to the 10,000 shares. The parties also agreed to mutually
      release each other from all claims.





**NOTE
      5 - Subsequent Events**





January
      16, 2007, the Company and its principal shareholder entered into an agreement
      to
      restructure the capitalization of the Company. The principal shareholder, which
      held, directly or indirectly, 150 million restricted shares of the Company's
      common stock has surrendered 110 million shares which have been cancelled.
      The
      Company has issued to the principal shareholder 11 million shares of newly
      designated convertible Series C Preferred Stock, no par value (“Preferred
      Stock”). Each share of Preferred Stock is convertible into ten (10) shares of
      the Company’s common stock at any time after March 31, 2007 at the option of the
      holder. Holders of the 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.
      In the event of any liquidation, dissolution or winding up of the Corporation,
      whether voluntary or involuntary, the assets of the Corporation available for
      distribution to its stockholders shall be distributed to all holders of
      Preferred Stock on an as converted basis and pro rata with the holders of common
      stock. The holders of 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 Preferred Stock shall be entitled to the number
      of
      votes equal to the largest number of full shares of Common Stock into which
      all
      shares of Preferred Stock held of record by such holder could then be converted
      at the record date for the determination of the stockholders entitled to vote
      on
      such matters or, if no such record date is established, at the date such vote
      is
      taken or any written consent of stockholders is first executed.

























































































**F-6**





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





For
      the
      three and six month periods ended December 31, 2006, and for the same periods
      in
      2005 the Company did not generated any revenue. On December 31, 2006, the
      Company had current assets of $22 compared to current assets of $3,289 as of
      June 30, 2006. The Company recorded operating losses of $24,925 and $26,549
      for
      the three and six month periods ended December 31, 2006, compared to losses
      of
      $33,181 and $45,033 for the comparable periods in the year 2005. The Company
      recorded net loss of $26,133 and $28,965 for the three and six month periods
      ended December 31, 2006, as compared to net loss of $34,389 and $48,920 for
      the
      comparable periods in 2005.





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. These
      funds will be used for operating expenses and funding of the joint venture
      as
      discussed in Part II, Item 5 hereinbelow. This requirement may increase
      substantially, depending on the nature and capital requirements of the business
      opportunities we elect to pursue. In the next twelve months, we do not intend
      to
      hire any new employees.





In
      order
      to obtain the necessary working capital, we intend to continue to seek private
      equity financing in fiscal 2007. 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.





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**





Regulations
      under the Securities Exchange Act of 1934 require public companies to maintain
      “disclosure controls and procedures,” which are defined to mean a company’s
      controls and other procedures that are designed to ensure that information
      required to be disclosed in the reports that it files or submits under the
      Securities Exchange Act of 1934 is recorded, processed, summarized and reported,
      within the time periods specified in the SEC’s rules and forms.




Under
      the
      supervision and with the participation of our management, including our Chief
      Executive Officer (our principal executive officer) and our Chief Financial
      Officer (our principal financial officer), we evaluated the effectiveness of
      our
      disclosure controls and procedures (as defined under Rule 13a-14(c) of the
      Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based on this
      evaluation performed as of the end of the period covered by this report, our
      Chief Executive Officer and our Chief Financial Officer concluded that our
      disclosure and controls and procedures as of December 31, 2006, were effective
      to ensure that information we are required to disclose in the reports that
      we
      file or submit under the Exchange Act is recorded, processed, summarized and
      reported within the time periods specified in the SEC’s rules and forms. There
      were no significant changes in our internal controls or in other factors that
      could significantly affect these controls subsequent to the date of their
      evaluation.





**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 reevaluating its position regarding this case.
      The
      Company has subsequently written off the uncollectible portion of the Demand
      Notes on the Company's Financial Statements.





On
      or
      about March 30, 2006, the Company was notified that it was a defendant in a
      civil lawsuit in the Superior Court of the State of California, County of Los
      Angeles, Howard Weiss vs. Ashvin Mascarenhas, Inform Worldwide Holdings, et.
      al.
      alleging that we and Mr. Mascarenhas made misrepresentations in a security
      transaction, undisclosed material information by corporate "insiders", sale
      of
      securities in violation of qualification requirements, breach of contract and
      breach of guarantee. The plaintiff has sought compensatory damages in an amount
      of $319,000 plus interest. The plaintiff has also requested an award of punitive
      damages in an amount to be proven at the time of trial. Outside counsel
      indicates that the litigation has proceeded through a preliminary pleading
      phase
wherein the Company filed a demurrer to the Complaint and Plaintiff responded
      by
      filing a First Amended Complaint. Outside counsel also indicated that the
      potential liability maybe limited to $250,000, without recovery of interest,
      less potential cross-claims; possibly in the form of indemnification from a
      third party. On December 28, 2006 , the
      plaintiff and the Company, Mr. Mascarenhas and certain affiliates of the Company
      entered into a settlement agreement whereby a Dismissal with prejudice has
      been
      approved by the Court. Mr. Mascarenhas agreed to pay and has paid the plaintiff
      $325,000 and delivered 10,000 shares of the Company’s restricted common stock.
      The Company has agreed to grant “piggyback” registration rights to the 10,000
      shares. The parties also agreed to mutually release each other from all
      claims.





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





None








**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**




Effective
      November 7, 2006, the Company entered into a Joint Venture Agreement, with
      Soam
      Energy, LLC, ("Soam"), an affiliate of the Company, whereby the Company has
      agreed to provide operating capital to Soam to develop and exploit the "Banning
      1" lease held by Soam which is located in Westmoreland County, Pennsylvania.
      The
      Company will receive one hundred percent of the net production revenue until
      the
      Company is repaid its capital, after which the Company will receive fifty
      percent net production revenue from the exploitation of the Banning 1
      lease.





As
      reported on the Company's Form 8-K filed January 17, 2007, effective January
      16,
      2007 the Company and its principal shareholder entered into an agreement to
      restructure the capitalization of the Company. The principal shareholder, which
      held, directly or indirectly, 150 million restricted shares of the Company's
      common stock has surrendered 110 million shares which have been cancelled.
      The
      Company has issued to the principal shareholder 11 million shares of newly
      designated convertible Series C Preferred Stock, no par value (“Preferred
      Stock”). Each share of Preferred Stock is convertible into ten (10) shares of
      the Company’s common stock at any time after March 31, 2007 at the option of the
      holder. Holders of the 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.
      In the event of any liquidation, dissolution or winding up of the Corporation,
      whether voluntary or involuntary, the assets of the Corporation available for
      distribution to its stockholders shall be distributed to all holders of
      Preferred Stock on an as converted basis and pro rata with the holders of common
      stock. The holders of 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 Preferred Stock shall be entitled to the number
      of
      votes equal to the largest number of full shares of Common Stock into which
      all
      shares of Preferred Stock held of record by such holder could then be converted
      at the record date for the determination of the stockholders entitled to vote
      on
      such matters or, if no such record date is established, at the date such vote
      is
      taken or any written consent of stockholders is first executed.





**ITEM
      6 - EXHIBITS**





ItemNo.
            Description
            Method
                of Filing3.1
            Articles
                of Incorporation.
            Incorporated
                by reference herein. (1)3.2
            Bylaws.
            Incorporated
                by reference herein. (1)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).











**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
      14, 2007     /s/
      Ashvin Mascarenhas


__________________________________________


Ashvin
      Mascarenhas


Chairman,
      President and Secretary