---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-QSB

(Mark One)

[X] Quarterly report under Section 13 or 15(d) of the
Securities Exchange Act of 1934

for the quarterly period ended September 30,
2007.

[   ] Transition report under Section 13 or 15(d) of
the Securities Exchange Act of 1934

for the transition period from __________________ to
__________________.

Commission file number: 000-27407

INTREPID GLOBAL IMAGING 3D,
INC.(Formerly Newmark Ventures, Inc.)(Exact name of
small business issuer as specified in its charter)

|DELAWARE                        | 98-0187705         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)

224 Millview Way, Ponpe Vedra Beach, Florida,
320824389(Address of principal executive office) (Postal Code)

(904) 686.4056(Registrants telephone
number)

Check whether the registrant: (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 [   ]

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [  
]   No [X]

The number of issued and outstanding of the registrant's common
  stock, $0.001 par value (the only 
  class of voting stock), as of November 19, 2007 was 26,842,682

---

TABLE OF CONTENTS

|PART
      I: FINANCIAL INFORMATION                                 | 3 
|------------------------------------------------------------------- | --
|                                                                    |   
|ITEM
      1. FINANCIAL STATEMENTS                                  | 3 
|                                                                    |   
|Unaudited
      Balance Sheet                                       | 4 
|                                                                    |   
|Unaudited
      Statements of Operations                            | 5 
|                                                                    |   
|Unaudited
      Statement of Stockholders Equity (Deficit)         | 6 
|                                                                    |   
|Unaudited
      Statements of Cash Flows                            | 8 
|                                                                    |   
|Notes
      to Unaudited Financial Statements                       | 9 
|                                                                    |   
|ITEM
      2. MANAGEMENT'S PLAN OF OPERATION                        | 15
|                                                                    |   
|ITEM
      3. CONTROLS AND PROCEDURES                               | 22
|                                                                    |   
|PART
      II: OTHER INFORMATION                                    | 23
|                                                                    |   
|ITEM
      1. LEGAL PROCEEDINGS                                     | 23
|                                                                    |   
|ITEM
      2. UNREGISTERED SALES OF EQUITY SECURITIES               | 23
|                                                                    |   
|ITEM
      3. DEFAULTS UPON SENIOR SECURITIES                       | 26
|                                                                    |   
|ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS | 26
|                                                                    |   
|ITEM
      5. OTHER INFORMATION                                     | 26
|                                                                    |   
|ITEM
      6. EXHIBITS                                              | 26
|                                                                    |   
|SIGNATURES                                                          | 27
|                                                                    |   
|INDEX
      TO EXHIBITS                                             | 28

---

PART
I                      
 FINANCIAL INFORMATION

ITEM
1.                       FINANCIAL
STATEMENTS

As used herein, the term Company refers to Intrepid Global
Imaging 3D, Inc. a Delaware corporation, unless otherwise indicated. In the
opinion of management, the accompanying unaudited consolidated financial
statements included in the Form 10-QSB reflect all adjustments (consisting only
of normal recurring accruals) necessary for a fair presentation of the results
of operations for the periods presented. The results of operation for the
periods presented are not necessarily indicative of the results to be expected
for the full year.

---

Intrepid Global Imaging 3D, Inc. (Formerly Mangapets,
Inc.) (A Development Stage Company) Balance Sheets (Expressed in US
Dollars)

|                                                              |   | September 30, |   |   | December 31, |  
|------------------------------------------------------------- | - | ------------- | - | - | ------------ | -
|                                                              |   | 2007          |   |   | 2006         |  
|                                                              |   | (Unaudited)   |   |   | (Audited)    |  
|**ASSETS**                                                   
|Current Assets                                                |   |               |   |   |              |  
|Cash                                                          | $ | 6,740         |   | $ | 1,828        |  
|Receivable from former related
      party                    |   | 16,269        |   |   | -            |  
|Prepaid expenses                                              |   | 3,122         |   |   | 3,122        |  
|Total Current Assets                                          |   | 26,131        |   |   | 4,950        |  
|Other assets                                                  |   | -             |   |   | -            |  
|Total
      Assets                                            | $ | 26,131        |   | $ | 4,950        |  
|                                                              |   |               |   |   |              |  
|                                                              |   |               |   |   |              |  
|                                                              |   |               |   |   |              |  
|                                                              |   |               |   |   |              |  
|LIABILITIES AND
      STOCKHOLDERS' EQUITY (DEFICIENCY)       |  
|Current Liabilities                                           |   |               |   |   |              |  
|Accounts payable
      and accrued liabilities                | $ | 724,756       |   | $ | 717,959      |  
|Notes payable                                                 |   | 10,004        |   |   | 9,566        |  
|Due to former related parties                                 |   | 56,016        |   |   | 56,016       |  
|Total current
      liabilities                               |   | 790,776       |   |   | 783,541      |  
|Stockholders' Equity (Deficiency)                             |   |               |   |   |              |  
|Common stock, $0.001 par value                                |   |               |   |   |              |  
|Authorized: 100,000,000 shares                                |   | -             |   |   | -            |  
|Issued and outstanding:                                       |   |               |   |   |              |  
|6,638,579 and 5,933,123 shares,
      respectively            |   | 6,639         |   |   | 5,933        |  
|Common stock issuable: 18,750
      shares                    |   | 19            |   |   | 19           |  
|Additional
      paid-in capital                              |   | 13,125,470    |   |   | 11,753,786   |  
|Accumulated deficit                                           |   | (8,143,573    | ) |   | (8,143,573   | )
|Deficit accumulated during the
      development stage        |   | (5,753,200    | ) |   | (4,394,756   | )
|Total
      stockholders' equity (deficiency)                 |   | (764,645      | ) |   | (778,591     | )
|Total Liabilities and Stockholders' Equity
      (Deficiency) | $ | 26,131        |   | $ | 4,950        |  

See notes to financial statements.

---

Intrepid Global Imaging 3D, Inc. (Formerly Mangapets,
Inc.) (A Development Stage Company) Statements of Operations
(Expressed in US Dollars)

Cumulativeduring thedevelopment stage(January 1,Three
        months ended
      
      
      Nine months ended
      
      
      2005 toSeptember
        30,
      
      
      September
        30,
      
      
      September2007
      
      
      2006
      
      
      2007
      
      
      2006
      
      
      30,
        2007)(Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)Revenue
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -Total Revenue
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      -ExpensesImpairment of website
        development costs
      
      -
      
      
      173,021
      
      
      -
      
      
      173,021
      
      
      621,681General and administrative expenses (including
        stock-basedcompensation of $256,000, $(3,411,282), $1,262,375,$4,475,568 and $4,794,738, respectively)
      
      348,998
      
      
      (3,253,878
      )
      
      1,358,444
      
      
      4,691,297
      
      
      5,106,519Total Costs and Expenses
      
      348,998
      
      
      (3,080,857
      )
      
      1,358,444
      
      
      4,864,318
      
      
      5,728,200Net loss from continuing operations
      
      (348,998
      )
      
      3,080,857
      
      
      (1,358,444
      )
      
      (4,864,318
      )
      
      (5,728,200
      )Loss from discontinued operations
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      25,000Net Loss
      $
      (348,998
      )
      $
      3,080,857
      
      $
      (1,358,444
      )
      $
      (4,864,318
      )
      $
      (5,753,200
      )Net loss per share-basic and diluted
      $
      (0.05
      )
      $
      0.41
      
      $
      (0.22
      )
      $
      (0.80
      )Number of common shares used tocompute loss per shareBasic
        and Diluted
      
      6,567,329
      
      
      7,559,753
      
      
      6,240,471
      
      
      6,117,582


See notes to financial statements.

---

INTREPID GLOBAL IMAGING 3D, INC. (Formerly Mangapets,
Inc.) (A Development Stage Company) Statements of Stockholders' Equity
(Deficiency) Period December 31, 2004 to September 30, 2007 (Expressed
in US Dollars)

|                                               |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   | Deficit    |   |   |            |  
|---------------------------------------------- | ------------------ | - | --------------------------- | ------ | - | ------- | - | - | ----------- | - | - | ----------- | - | - | ---------- | --- | - | ---------- | - | - | ---------- | -
|                                               | Common
      Stock |   | Common
      Stock Issuable |        |   | Paid-in |   |   | Accumulated |   |   | Development |   |   |            |    
|                                               | Shares             |   |                             | Amount |   | Shares  |   |   | Amount      |   |   | Capital     |   |   | Deficit    |     |   | Stage      |   |   | Total      |  
|Balances, December 31, 2004                    | 4,028,914          |   | $                           | 4,029  |   | 88,594  |   | $ | 89          |   | $ | 7,783,096   |   | $ | (8,143,573 | ) $ |   | -          |   | $ | (356,359   | )
|Issuance of common stock for                   |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|settlement of accrued expenses and debt        |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|January 2005                                   | 15,750             |   |                             | 16     |   | -       |   |   | -           |   |   | 13,984      |   |   | -          |     |   | -          |   |   | 14,000     |  
|August 2005                                    | 22,365             |   |                             | 22     |   | -       |   |   | -           |   |   | 74,528      |   |   | -          |     |   | -          |   |   | 74,550     |  
|September 2005                                 | 22,500             |   |                             | 23     |   | -       |   |   | -           |   |   | 29,977      |   |   | -          |     |   | -          |   |   | 30,000     |  
|November 2005                                  | 35,000             |   |                             | 35     |   | -       |   |   | -           |   |   | 83,965      |   |   | -          |     |   | -          |   |   | 84,000     |  
|Issuance of common stock and warrants for cash |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2005                                       | 37,500             |   |                             | 38     |   | -       |   |   | -           |   |   | 49,962      |   |   | -          |     |   | -          |   |   | 50,000     |  
|June 2005                                      | -                  |   |                             | -      |   | 18,750  |   |   | 19          |   |   | 24,981      |   |   | -          |     |   | -          |   |   | 25,000     |  
|September 2005                                 | 18,750             |   |                             | 19     |   | -       |   |   | -           |   |   | 24,981      |   |   | -          |     |   | -          |   |   | 25,000     |  
|Issuance of common stock issuable              |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2005                                       | 88,594             |   |                             | 89     |   | (88,594 | ) |   | (89         | ) |   | -           |   |   | -          |     |   | -          |   |   | -          |  
|Issuance of common stock for services          |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2005                                       | 7,500              |   |                             | 7      |   | -       |   |   | -           |   |   | 19,993      |   |   | -          |     |   | -          |   |   | 20,000     |  
|August 2005                                    | 3,750              |   |                             | 4      |   | -       |   |   | -           |   |   | 9,996       |   |   | -          |     |   | -          |   |   | 10,000     |  
|October 2005                                   | 2,500              |   |                             | 2      |   | -       |   |   | -           |   |   | 4,998       |   |   | -          |     |   | -          |   |   | 5,000      |  
|November 2005                                  | 20,000             |   |                             | 20     |   | -       |   |   | -           |   |   | 47,480      |   |   | -          |     |   | -          |   |   | 47,500     |  
|December 2005                                  | 12,500             |   |                             | 12     |   | -       |   |   | -           |   |   | 24,988      |   |   | -          |     |   | -          |   |   | 25,000     |  
|Net loss                                       | -                  |   |                             | -      |   | -       |   |   | -           |   |   | -           |   |   | -          |     |   | (754,838   | ) |   | (754,838   | )
|Balances, December 31, 2005                    | 4,315,623          |   |                             | 4,316  |   | 18,750  |   |   | 19          |   |   | 8,192,929   |   |   | (8,143,573 | )   |   | (754,838   | ) |   | (701,147   | )
|Issuance of common stock and warrants for cash |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|February 2006                                  | 50,000             |   |                             | 50     |   | -       |   |   | -           |   |   | 49,950      |   |   | -          |     |   | -          |   |   | 50,000     |  
|September 2006                                 | 30,000             |   |                             | 30     |   | -       |   |   | -           |   |   | 23,970      |   |   | -          |     |   | -          |   |   | 24,000     |  
|December 2006                                  | 35,000             |   |                             | 35     |   | -       |   |   | -           |   |   | 34,965      |   |   | -          |     |   | -          |   |   | 35,000     |  
|Issuance of common stock for services          |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2006                                       | 37,500             |   |                             | 37     |   | -       |   |   | -           |   |   | 90,713      |   |   | -          |     |   | -          |   |   | 90,750     |  
|September 2006                                 | 102,500            |   |                             | 102    |   | -       |   |   | -           |   |   | 123,373     |   |   | -          |     |   | -          |   |   | 123,475    |  
|Issuance of common stock for bonuses           |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|April 2006                                     | 112,500            |   |                             | 113    |   | -       |   |   | -           |   |   | 206,887     |   |   | -          |     |   | -          |   |   | 207,000    |  
|May 2006                                       | 3,125,000          |   |                             | 3,125  |   | -       |   |   | -           |   |   | 7,577,500   |   |   | -          |     |   | -          |   |   | 7,580,625  |  
|Cancellation of common stock                   | (1,875,000         | ) |                             | (1,875 | ) | -       |   |   | -           |   |   | (4,546,501  | ) |   | -          |     |   | -          |   |   | (4,548,376 | )
|Net loss                                       | -                  |   |                             | -      |   | -       |   |   | -           |   |   | -           |   |   | -          |     |   | (3,639,918 | ) |   | (3,639,918 | )
|Balances, December 31, 2006                    | 5,933,123          |   |                             | 5,933  |   | 18,750  |   |   | 19          |   |   | 11,753,786  |   |   | (8,143,573 | )   |   | (4,394,756 | ) |   | (778,591   | )
|Unaudited:                                     |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|Issuance of common stock for cash              |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|February 2007                                  | 20,000             |   |                             | 20     |   | -       |   |   | -           |   |   | 29,980      |   |   | -          |     |   | -          |   |   | 30,000     |  
|March 2007                                     | 35,000             |   |                             | 35     |   | -       |   |   | -           |   |   | 49,980      |   |   | -          |     |   | -          |   |   | 50,015     |  
|July 2007                                      | 35,000             |   |                             | 35     |   | -       |   |   | -           |   |   | 17,465      |   |   | -          |     |   | -          |   |   | 17,500     |  
|August 2007                                    | 25,000             |   |                             | 25     |   | -       |   |   | -           |   |   | 12,475      |   |   | -          |     |   | -          |   |   | 12,500     |  
|Issuance of common stock for cashless          |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|warrant exercise                               |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2007                                       | 45,456             |   |                             | 46     |   | -       |   |   | -           |   |   | (46         | ) |   | -          |     |   | -          |   |   | -          |  
|Issuance of common stock for services          |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2007                                       | 75,000             |   |                             | 75     |   | -       |   |   | -           |   |   | 145,425     |   |   | -          |     |   | -          |   |   | 145,500    |  
|August 2007                                    | 20,000             |   |                             | 20     |   | -       |   |   | -           |   |   | 54,980      |   |   | -          |     |   | -          |   |   | 55,000     |  
|September 2007                                 | 100,000            |   |                             | 100    |   | -       |   |   | -           |   |   | 255,900     |   |   | -          |     |   | -          |   |   | 256,000    |  
|Issuance of common stock for bonus             |                    |   |                             |        |   |         |   |   |             |   |   |             |   |   |            |     |   |            |   |   |            |  
|May 2007                                       | 350,000            |   |                             | 350    |   | -       |   |   | -           |   |   | 805,525     |   |   | -          |     |   | -          |   |   | 805,875    |  
|Net loss                                       | -                  |   |                             | -      |   | -       |   |   | -           |   |   | -           |   |   | -          |     |   | (1,358,444 | ) |   | (1,358,444 | )
|Balances, September 30, 2007                   | 6,638,579          |   | $                           | 6,639  |   | 18,750  |   | $ | 19          |   | $ | 13,125,470  |   | $ | (8,143,573 | )   | $ | (5,753,200 | ) | $ | (764,645   | )

See notes to financial statements.

---

Intrepid Global Imaging 3D, Inc. (Formerly Mangapets,
Inc.) (A Development Stage Company) Statements of Cash Flows
(Expressed in US Dollars)

|                                                     |   |                     |   |   |             |   |   | Cumulative      |  
|---------------------------------------------------- | - | ------------------- | - | - | ----------- | - | - | --------------- | -
|                                                     |   |                     |   |   |             |   |   | during the      |  
|                                                     |   |                     |   |   |             |   |   | developme       |  
|                                                     |   |                     |   |   |             |   |   | nt stage        |  
|                                                     |   |                     |   |   |             |   |   | (January 1,     |  
|                                                     |   | Nine months ended   |   |   | 2005 to     |  
|                                                     |   | September
      30, |   |   | September   |  
|                                                     |   | 2007                |   |   | 2006        |   |   | 30,
      2007) |  
|                                                     |   | (Unaudited)         |   |   | (Unaudited) |   |   | (Unaudited)     |  
|Cash Flows from Operating Activities                 |   |                     |   |   |             |   |   |                 |  
|Net income (loss)                                    | $ | (1,358,444          | ) | $ | (4,864,318  | ) | $ | (5,753,200      | )
|Adjustments to reconcile net loss to net cash        |   |                     |   |   |             |   |   |                 |  
|used for operating activities:                       |   |                     |   |   |             |   |   |                 |  
|Accrued interest                                     |   | 438                 |   |   | 7,418       |   |   | 438             |  
|Impairment
      of license agreement                |   | -                   |   |   | -           |   |   | 25,000          |  
|Impairment of website
      development cost         |   | -                   |   |   | 173,021     |   |   | 477,275         |  
|Issuance
      of common stock for services          |   | 456,500             |   |   | 214,225     |   |   | 749,614         |  
|Issuance of common
      stock for bonuses           |   | 805,875             |   |   | 4,261,343   |   |   | 4,045,124       |  
|Changes in operating assets and liabilities:         |   |                     |   |   |             |   |   |                 |  
|Receivable from related
      party                  |   | (16,269             | ) |   | -           |   |   | (16,269         | )
|Prepaid
      expenses                               |   | -                   |   |   | 1,901       |   |   | (3,122          | )
|Accounts payable and
      accrued liabilities.      |   | 6,797               |   |   | 138,470     |   |   | 212,924         |  
|Due
      to former related parties                  |   | -                   |   |   | -           |   |   | (10,851         | )
|Deferred revenue                                     |   | -                   |   |   | (21,537     | ) |   | -               |  
|Net cash provided by (used for) operating activities |   | (105,103            | ) |   | (89,477     | ) |   | (273,067        | )
|                                                     |   |                     |   |   |             |   |   |                 |  
|Cash Flows from Investing Activities                 |   |                     |   |   |             |   |   |                 |  
|Website
      development costs                      |   | -                   |   |   | (2,217      | ) |   | (11,801         | )
|Net cash provided by (used for) investing activities |   | -                   |   |   | (2,217      | ) |   | (11,801         | )
|                                                     |   |                     |   |   |             |   |   |                 |  
|Cash Flows from Financing Activities                 |   |                     |   |   |             |   |   |                 |  
|Payments on notes
      payable                      |   | -                   |   |   | -           |   |   | (52,362         | )
|Proceeds
      form notes payable                    |   | -                   |   |   | 12,143      |   |   | 19,067          |  
|Payments on loans
      payable                      |   | -                   |   |   | -           |   |   | (28,387         | )
|Proceeds
      from advances payable                 |   | -                   |   |   | -           |   |   | 27,855          |  
|Proceeds from sales of common stock and warrants     |   | 110,015             |   |   | 74,000      |   |   | 319,015         |  
|Net cash provided by (used for) financing activities |   | 110,015             |   |   | 86,143      |   |   | 285,188         |  
|                                                     |   |                     |   |   |             |   |   |                 |  
|Increase (decrease) in cash                          |   | 4,912               |   |   | (5,551      | ) |   | 320             |  
|                                                     |   |                     |   |   |             |   |   |                 |  
|Cash, beginning of period                            |   | 1,828               |   |   | 7,118       |   |   | 6,420           |  
|                                                     |   |                     |   |   |             |   |   |                 |  
|Cash, end of period                                  | $ | 6,740               |   | $ | 1,567       |   | $ | 6,740           |  
|                                                     |   |                     |   |   |             |   |   |                 |  
|                                                     |   |                     |   |   |             |   |   |                 |  
|Supplemental disclosures of cash flow information:   |   |                     |   |   |             |   |   |                 |  
|Interest paid                                        | $ | -                   |   | $ | -           |   | $ | -               |  
|Income taxes paid                                    | $ | -                   |   | $ | -           |   | $ | -               |  

See notes to financial statements.

---

Intrepid Global Imaging 3D, Inc. (Formerly MangaPets,
Inc.) (A Development Stage Company) Notes to Financial Statements
September 30, 2007 (Unaudited)

Note 1. Organization and Business Operations

Intrepid Global Imaging, Inc. (formerly MangaPets, Inc. and
Newmark Ventures, Inc.) (the Company) (a development stage company) was
incorporated on March 4, 1998. The Company is a holding company that was formed
to acquire both majority and minority interests in various business operations
and assist in their development.

In January 2005, the Company decided to discontinue its
operations with respect to their right to promote, sell and deploy the Triton
product line of non-depository, indoor cash dispensers under the license
agreement obtained in 2003. The decision to discontinue this component was made
by management due to the Company's desire to shift its business focus to other
unrelated opportunities. Accordingly, as of December 31, 2004, the Company's
cash dispenser operations were considered discontinued. Since this was the
Company's only operating component, the Company re-entered the development stage
as of January 1, 2005. There are no assets or liabilities associated with this
business component as of September 30, 2007.

On July 15, 2005, the Company entered into a Portal Development
Agreement with Sygenics Interactive Inc. to develop for the Company a functional
interactive web portal. As more fully described in Note 4, the Sygenics work was
suspended in the first quarter of 2006 and to date the Company has not resumed
development of the web portal.

In the second and third quarters of 2006, the Company explored
the potential acquisition of certain online gaming assets. On September 18,
2006, the Company decided not to make the acquisition.

On January 29, 2007, the Company entered into an Agreement and
Plan of Merger with Intrepid World Communications Corp. (IWC) to merge assets
into the Company in exchange for 20,000,000 shares of Company common stock. The
agreement was subject to satisfaction of certain conditions precedent to
closing, including the Companys providing for $1,500,000 in financing and
stockholder approval. On May 18, 2007, the Companys stockholders voted not to
complete this acquisition.

On October 3, 2007, the Company entered into a Letter of Intent
with Emerging Market Communications to undertake a reverse merger. See Note 9.

On both March 14, 2005 and September 29, 2005 the Company
effected three (3) for two (2) forward stock splits of its common stock. On
September 21, 2006, the Company effected a one (1) for two (2) reserve stock
split. The financial statements have been retroactively adjusted to reflect
these stock splits.

Note 2. Interim Financial Statements

The unaudited financial statements as of September 30, 2007 and
for the three and nine months ended September 30, 2007 and 2006 have been
prepared in accordance with accounting principles generally accepted in the
United States for interim financial information and with instructions to Form
10-QSB. In the opinion of management, the unaudited financial statements have
been prepared on the same basis as the annual financial statements and reflect
all adjustments, which include only normal recurring adjustments, necessary to
present fairly the financial position as of September 30, 2007 and the results
of operations and cash flows for the periods ended September 30, 2007 and 2006.
The financial data and other information disclosed in these notes to the interim
financial statements related to these periods are unaudited. The results for the
nine months ended September 30, 2007 are not necessarily indicative

---

of the results to be expected for any subsequent quarter of the
entire year ending December 31, 2007. The balance sheet at December 31, 2006 has
been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included
in financial statements prepared in accordance with accounting principles
generally accepted in the United States have been condensed or omitted pursuant
to the Securities and Exchange Commissions rules and regulations. These
unaudited financial statements should be read in conjunction with our audited
financial statements and notes thereto for the year ended December 31, 2006 as
included in our report on Form 10-KSB.

Note 3. Receivable from Former Related Party

In the nine months ended September 30, 2007, the Company made
advances totaling $16,269 to its former chief executive officer. This receivable
is non-interest bearing and is due on demand.

Note 4. Website Development Costs

On July 15, 2005, the Company entered into a Portal Development
Agreement (the Agreement) with Sygenics Interactive Inc. (Sygenics). The
Agreement provided for the development by Sygenics of a functional interactive
web portal containing games, merchandizing, and activities inspired by the
Manga cartoon theme over a 12 month phased delivery schedule. The Agreement
also provided for payment of fees to Sygenics totaling approximately $ 1,100,000
in successive monthly payments over the 12 month term tied to the achievement of
certain developmental milestones.

In the first quarter of 2006, a dispute arose between the
Company and Sygenics and the work was suspended. The Company plans to try to
invalidate the contract and to reach a settlement with Sygenics for a lower
amount than the $437,428 included in accounts payable and accrued liabilities at
September 30, 2007.

Although the Company may engage another web site developer to
complete the web portal, it has not done so to date. An impairment expense of
$304,254 was recorded in the fourth quarter of 2005 to reduce the capitalized
website development costs to $170,804 at December 31, 2005. An impairment
expense of $173,021 was recorded in the third quarter of 2006 to reduce the
capitalized website development costs to $0.

Note 5. Notes Payable

Notes payable consist of:

|                                                                         |   | September 30, |  |   | December 31, | 
|------------------------------------------------------------------------ | - | ------------- |  | - | ------------ | 
|                                                                         |   | 2007          |  |   | 2006         | 
|                                                                         |   | (Unaudited)   |  |   | (Audited)    | 
|Note payable to an individual, due on
      demand, including interest   |   |               |  |   |              | 
|at 6% accrued monthly, secured by all assets and revenues
      of       |   |               |  |   |              | 
|the Company                                                              | $ | 8,252         |  | $ | 7,891        | 
|Note payable to a company, due on demand, including
      interest at 6% |   |               |  |   |              | 
|accrued monthly, secured by all assets and
      revenues of the Company |   | 1,752         |  |   | 1,675        | 
|                                                                         | $ | 10,004        |  | $ | 9,566        | 

---

Note 6. Due to Former Related Parties

Due to former related parties consists of:

|                                                             |   | September 30, |  |   | December 31, | 
|------------------------------------------------------------ | - | ------------- |  | - | ------------ | 
|                                                             |   | 2007          |  |   | 2006         | 
|                                                             |   | (Unaudited)   |  |   | (Audited)    | 
|                                                             |   |               |  |   |              | 
|Due to former chief executive officer and
      affiliates,  |   |               |  |   |              | 
|non-interest bearing, due on demand                          | $ | 4,237         |  | $ | 4,237        | 
|Due to former chief accounting officer and
      affiliates, |   |               |  |   |              | 
|non-interest bearing, due on demand                          |   | 51,779        |  |   | 51,779       | 
|Total                                                        | $ | 56,016        |  | $ | 56,016       | 

Note 7. Common Stock

Stock Issuances

In the nine months ended September 30, 2007, the Company sold a
total of 115,000 shares of common stock in private placements at prices ranging
from $0.50 to $1.50 per share, resulting in proceeds of $110,015 to the Company.

In the nine months ended September 30, 2007, the Company issued
a total of 545,000 shares of common stock (including 350,000 shares to two then
officers) to various parties for services rendered to the Company. The
$1,262,375 estimated fair value of the 545,000 shares at the dates of the
respective grants has been included in general and administrative expenses in
the accompanying statements of operations.

Warrants

A summary of warrant activity for the nine months ended
September 30, 2007 and for the year ended December 31, 2006 follows:

|                                          |  | Shares of Common Stock that Warrants are |  
|----------------------------------------- |  | ---------------------------------------- | -
|                                          |  | Exercisable
      Into                   |  
|                                          |  | Nine Months Ended                        |  
|                                          |  | September 30, 2007                       |  
|Warrants outstanding, beginning of period |  | 177,500                                  |  
|Issued                                    |  | -                                        |  
|Exercised                                 |  | (47,476                                  | )
|Expired                                   |  | (100,024                                 | )
|Warrants outstanding, end of period       |  | 30,000                                   |  

The 30,000 warrants outstanding at September 30, 2007 are
exercisable into 30,000 shares of common stock at an exercise price of $1.00 per
share and expire September 21, 2008.

---

Note 8. Income Taxes

No provision for income taxes was recorded in the nine months
ended September 30, 2007 and 2006 since the Company incurred net losses in these
periods.

|At September 30, 2007, deferred tax assets consist of: |   |            |  
|------------------------------------------------------ | - | ---------- | -
|Net operating loss
      carryforwards                 | $ | 1,803,900  |  
|Less valuation allowance                               |   | (1,803,900 | )
|Deferred tax assets, net                               | $ | -          |  

Based on managements present assessment, the Company has not
yet determined it to be more likely than not that a deferred tax asset of up to
approximately $1,803,900 attributable to the future utilization of the
approximately $5,154,000 in net operating loss carryforwards as of September 30,
2007 will be realized. Accordingly, the Company has provided a 100% allowance
against the deferred tax asset in the financial statements at September 30,
2007. The Company will continue to review this valuation allowance and make
adjustments as appropriate. The net operating loss carryforwards expire in
varying amounts from year 2018 to 2027.

Current tax laws limit the amount of loss available to be
offset against future taxable income when a substantial change in ownership
occurs. Therefore, the amount available to offset future taxable income may be
limited.

Note 9. Subsequent Events

On October 3, 2007 the Company entered into a Letter of Intent
  (“LOI”) with Emerging Market Communications (“EMC”)
  to undertake a reverse merger. EMC is a provider of satellite telecommunication
  services to companies and organizations with needs in countries lacking terrestrial
  infrastructure. As of November 15, 2007, no contract has been executed and the
  terms of the reverse merger have not been agreed to. Accordingly, there is no
  assurance that this transaction will occur.

On October 15, 2007 the Company accepted the resignation of Ryan Hamouth as
  the Company’s chief operating officer and as a director. Also on October
  15, 2007 the Company appointed Richard Specht as a new member of the board of
  directors.

Current Operations

After the signing of a letter of intent on April 14, 2005, the Company entered
  into a Portal Development Agreement (“Agreement”) on July 15, 2005
  with Sygenics Interactive Inc., (“Sygenics”), a developer of advanced
  information management technology located in Montreal, Quebec, Canada, and an
  authorized licensee of Sygenics Inc. The Agreement provided for the design,
  development and deployment of an online virtual pet portal/website with highly
  interactive two-dimensional graphical interfaces and a powerful multi-layered
  back end engine to enable the building of a worldwide virtual community.

The web portal was to be designed by integrating a combination of technologies
  previously developed and owned by Sygenics Inc., as well as third party software,
  and new software to be developed specifically for the Company by Sygenics.

Sygenics was expected to complete the first stage of the portal by December
  of 2005 and complete the final stage in August of 2006.

---

ITEM
2.                     
MANAGEMENTS PLAN OF OPERATION

This Management's Plan of Operation and Results of Operations
and other parts of this report contain forward-looking statements that involve
risks and uncertainties. Forward-looking statements can also be identified by
words such as "anticipates," "expects," "believes," "plans," "predicts," and
similar terms. Forward-looking statements are not guarantees of future
performance and our actual results may differ significantly from the results
discussed in the forward-looking statements. Factors that might cause such
differences include, but are not limited to, those discussed in the subsections
entitled "Forward-Looking Statements and Factors That May Affect Future Results
and Financial Condition" below. The following discussion should be read in
conjunction with our financial statements and notes thereto included in this
report. All information presented herein is based on the period ended June 30,
2007. Our fiscal year end is December 31, 2007.

Readers are also urged to carefully review and consider the
various disclosures made by the Company that attempt to advise interested
parties of the factors which affect the Company's business, in this report, as
well as the Company's periodic reports on Forms 10-KSB, 10-QSB, and 8-K filed
with the Securities and Exchange Commission.

Business

The Company decided in early 2005 to discontinue its operations
with respect to the sale and deployment of the Triton product line of
non-depository, indoor cash dispensers in connection with a license agreement
acquired from Net Cash Services, Inc. in 2003. The Companys operations have
since focused on the development of an interactive web portal containing games,
merchandise, and activities inspired by the Manga theme, which describes
Japanese comic books and animated cartoons.

In addition to completing the Manga themed web portal, the
Company no longer intends to establish a U.K. based subsidiary company which
will pursue acquisitions in the gaming sector.

Subsequently, on the advice of counsel and based on
unfavourable events in the United States pertaining to on-line gaming, the
Company has concluded that it would not be in the best interest of our
shareholders to pursue on-line gaming ventures at this time.

On January 29, 2007, the Company entered into an Agreement and
Plan of Merger with Intrepid World Communications Corp. (IWC) to merge assets
into the Company in exchange for 20,000,000 shares of Company common stock. The
agreement is subject to satisfaction of certain conditions precedent to closing,
including the Companys providing for $1,500,000 in financing and stockholder
approval.

On May 18, 2007, the shareholders holding the majority of the
issued and outstanding common voting shares of the Corporation shall cause the
Corporation not to complete on the Material Definitive Agreement. This result
shall cause the corporation to cancel 22,000,000 shares of Intrepid Global
Imaging 3D, Inc. that were issued pending the closing of the material definitive
agreement.

The Company is currently interviewing new development teams to
complete the MangaPets web portal. In addition the Company is in negotiations
with other technology companies to find a suitable merger partner.

Note 9. Subsequent Events

On October 3, 2007 the Company entered into a Letter of Intent
(LOI) with Emerging Market Communications (EMC) to undertake a reverse
merger. EMC is a provider of satellite telecommunication services to companies
and organizations with needs in countries lacking terrestrial infrastructure. As
of November 15, 2007, no contract has been executed and the terms of the reverse
merger have not been agreed to. Accordingly, there is no assurance that this
transaction will occur.

---

On October 15, 2007 the Company accepted the resignation of Ryan Hamouth as the Companys chief operating officer and as a director. Also on October 15, 2007 the Company appointed Richard Specht as a new member of the board of directors.

Current Operations

After the signing of a letter of intent on April 14, 2005, the Company entered
  into a Portal Development Agreement (“Agreement”) on July 15, 2005
  with Sygenics Interactive Inc., (“Sygenics”), a developer of advanced
  information management technology located in Montreal, Quebec, Canada, and an
  authorized licensee of Sygenics Inc. The Agreement provided for the design,
  development and deployment of an online virtual pet portal/website with highly
  interactive two-dimensional graphical interfaces and a powerful multi-layered
  back end engine to enable the building of a worldwide virtual community.

The web portal was to be designed by integrating a combination of technologies
  previously developed and owned by Sygenics Inc., as well as third party software,
  and new software to be developed specifically for the Company by Sygenics.

Sygenics was expected to complete the first stage of the portal by December
  of 2005 and complete the final stage in August of 2006.

However, in 2006, a dispute arose between the Company and Sygenics.
  The work of Sygenics is currently suspended and the Company is in negotiations
  to invalidate the contract and reach a settlement for a discount of the remaining
  amounts due.

The Company is currently interviewing new development teams to complete the MangaPets web portal.

The Company accepted the resignations from each of Mr. Woods, Mr. Weinstock and Mr. LaCascia on September 25th and October 3rd respectively as a result of the decision discontinue attempts to acquire internet gaming sites.

On December 4, 2006 the Company signed a Letter of Intent with Intrepid World Communications to merge one hundred percent (100%) of their Entertainment and Medical assets (the Assets) as well as documentation of its product licenses,
agreements, office leases, patents, copyrights, trade secrets, technology licenses and agreements with vendors and customers, from a limited liability company organized and incorporated under the laws of Delaware, In exchange for 20,000,000 shares
of MangaPets, Inc. restricted common stock.

On May 18, 2007, the shareholders holding the majority of the issued and outstanding common voting shares of the Corporation shall cause the Corporation not to complete on the Material Definitive Agreement. This result shall cause the corporation to
cancel 22,000,000 shares of Intrepid Global Imaging 3D, Inc. that were issued pending the closing of the material definitive agreement.

On May 18, 2007, a vote by the holders of a majority of our voting stock has caused the Corporation to reduce its board by six board members, directors and officers, Jim Fischbach, Lonny Bassin, John Byrne, Gabe Werba, Donald Miller and John
Clark have been voted off as there services are no longer required. This is to be effected as soon as is practicable in accordance with the rules and regulations of the Securities Exchange Act of 1934 as amended, and the State of Delaware.

Effective May 18, 2007, the shareholders appointed Wilson W. (Bill) Hendricks III as a director and the Companys chief executive officer and chief financial officer. The appointment of Mr. Hendricks as the Companys chief executive
officer and chief financial officer was not based on any prior understanding or arrangement.

Wilson W. (Bill) Hendricks III, now joining Intrepid Global Imaging 3D, Inc., brings a wealth of experience with both small and large cap, domestic and international companies. Mr. Hendricks was a Director with Bearingpoint, Inc. (formerly KPMG
Consulting) where he was a member of BearingPoint's Communications and Content practice. Mr. Hendricks was a founding member of KPMG Consulting's wireless group. As a Director with KPMG Consultings Asia Pacific Region, Mr. Hendricks was
responsible for establishing the regions communications practice. Mr. Hendricks most recent Bearingpoint assignment was as Operations Director for the Department of Homeland Security/Transportation Security Authorities TWIC Program.

On October 3, 2007 the Company entered into a Letter of Intent (LOI) with Emerging Market Communications (EMC) to undertake a reverse merger. EMC is a provider of satellite telecommunication services to companies and
organizations with needs in countries lacking terrestrial infrastructure. As of November 15, 2007, no contract has been executed and the terms of the reverse merger have not been agreed to. Accordingly, there is no assurance that this transaction
will occur.

---

On October 15, 2007 the Company accepted the resignation of
Ryan Hamouth as the Companys chief operating officer and as a director. Also on
October 15, 2007 the Company appointed Richard Specht as a new member of the
board of directors.

The Company is currently interviewing new development teams to
complete the MangaPets web portal. In addition the Company is in negotiations
with other technology companies to find a suitable merger partner.

The MangaPets web portal

The portal will contain games, merchandizing, and activities
inspired by the Manga theme. The term Manga has come to describe Japanese
comic books and animated cartoons. Included on the site will be:

| | 1 | interactive, engaging, and interesting Manga inspired
      characters, pets, species and avatars who the users will be able to
      identify;                                                                                                                                                                                                                                                                                                  
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 2 | games and situations where users can accumulate virtual
      points which they can use to trade with other users or exchange for items
      for their pets, species or avatars;                                                                                                                                                                                                                                                                
| | 3 | several different settings or environments which blend
      and join together to create one complete community or world through which
      users can traverse;                                                                                                                                                                                                                                                                                 
| | 4 | storylines and narratives, names and profiles for the
      characters, names and descriptions for the different
  environments;                                                                                                                                                                                                                                                                                                                 
| | 5 | a virtual shopping mall where national and international
      chain stores can rent web site space for the purpose of showcasing their
      goods and providing them with an advertising opportunity and where users
      will be able to use their virtual points to purchase virtual goods for
      their pets, species and avatars, as well as exchange them for discount
      purchase vouchers for "real" items for their personal use;
| | 6 | an integrated back end e-commerce engine that will allow
      for the merchandising and licensing of products associated with the site;
      and                                                                                                                                                                                                                                                                                               
| | 7 | Japanese, Chinese, Korean, French, Spanish, German,
      Italian and Portuguese translations of the site
content.                                                                                                                                                                                                                                                                                                                               

Online Communities

Since its widespread adoption in the mid-1990s, the world-wide
web has developed a large number of communities of people who share an interest
in a common set of cultural symbols and activities. Foremost among these are
gaming and role-playing communities. Advances in communications technologies,
and the concomitant rise in bandwidth and decrease in connection costs, have
caused these communities to increase rapidly in both size and activity in the
last five years.

A number of these communities, which are loyal to one or a few
web sites which cater to their interests, have generated substantial business
for the site owners. The sources of revenue vary, but the sites are largely
characterized by offering free access to a number of services (games,
information, chat rooms, email and so on), and charge only for the sale of
community-related merchandise. Click-through advertising revenues are the second
major source of revenue. Advertising sales may, in some cases, be the only or
the main source of revenue.

The Companys Approach

We will connect advertisers to consumers through a variety of
online marketing properties integrated throughout our services. Our advertising
and e-commerce products will include a broad range of targeting techniques for
online advertising, email campaigns, start-page placements and channel
sponsorship opportunities. We will also provide consumers convenient access to
third party Internet search services throughout many of our Web properties and
services and generate a significant portion of our advertising and commerce
revenues from our users utilizing such search services

The MangaPets web portal is aimed at establishing an
international community of interest focused around a very popular and diverse
form of cultural expression, highly popular in a number of Asian countries, and
with rapidly

---

growing popularity in North America. This community is not, thus far, well-served in web sites catering to people whose languages and cultural milieu originate from Europe.

Plan of Operations

During the next twelve months, the Company intends to continue its attempts to develop an interactive web portal and explore other ventures in the technology sector.

The Company does not have sufficient capital to operate over the next fiscal year without a substantial infusion of operating capital. It will be necessary for the Company to either borrow funds to operate or generate operating funds through the
sale of equity in the Company or its subsidiaries. There can be no assurance that the Company will be able to generate sufficient income from either borrowing, the sale of equity, or a combination thereof to allow it to operate its business during
the coming year. Unless the Company is successful in raising additional operating capital, it will not have sufficient funds to operate during the balance of the fiscal year.

Results of Operations

Revenue

During the six month period ended September 30, 2007, the Company paused on the development of the MangaPets web portal.

The Company, as of September 30, 2007, is in the development stage and is yet to realize revenues. The Company does not expect to realize revenues before the completion of the first stage of its interactive web portal.

The Company expects to continue to operate at a loss through fiscal 2007 and may continue to operate at a loss until the web portal is defined fully operational. Further, due to the developmental nature of its business operations, the Company cannot
determine whether it will ever generate revenues from operations.

Losses

For the period from January 1, 2005 (date upon which the Company re-entered the development stage) to September 30, 2007, the Company recorded an operating loss of $5,379,202. The majority of the Companys operating losses are attributable
to general and administrative expenses of $4,757,521 and costs in connection with the planning and impairment of the web portal of $477,275. The Company did not generate any revenues during this period. The Company expects to continue to
incur net losses in future periods until such time as it can generate revenue. However, there is no assurance that the Company will ever generate sufficient revenues to fund operations.

Income Tax Expense (Benefit)

The Company has an income tax benefit resulting from net operating losses to offset any future operating profit. The Company has not recorded this benefit in the financial statements as it does not meet the accounting criteria to do so.

Capital Expenditures

The Company has written off $477,275 in capital expenditures for the period from January 1, 2005 (date upon which the Company re-entered the development stage) to September 30, 2007 in connection with the development of the web portal.

---

Liquidity and Capital Resources

The Company is in the development stage and, since inception,
  has experienced significant changes in liquidity, capital resources and shareholders’
  equity. The Company had current and total assets of $26,131 as of September
  30, 2007. These assets consist of cash on hand of $6,740, $16,269 receivable
  from a related party and $3,122 in prepaid expenses. Net stockholders deficiency
  in the Company was $764,645 at September 30, 2007.

Cash flow used in operating activities was $105,103 for the nine month period
  ended September 30, 2007 as compared to cash used in operating activities of
  $89,477 for the nine month period ended September 30, 2006. The decrease of
  cash flow used in operating activities was due in large part to the $16,266
  increase in receivable from related party in 2007.

Cash flow used in investing activities was $0 for the nine month period ended
  September 30, 2007 as compared to cash flow used in investing activities of
  $2,217 for the nine month period ended September 30, 2006. The amount in the
  prior period was related to the investment in the development of the Company’s
  website.

Cash flow provided from financing activities was $110,015 for the nine month
  period ended September 30, 2007 as compared to cash flow provided from financing
  activities of $86,143 for the nine month period ended September 30, 2006. Funds
  realized from financing activities in the current nine month period can be attributed
  to the sale of our common stock.

The Companys current assets are not sufficient to conduct its plan of operation over the next twelve months. Website development costs associated with the completion of the web portal alone exceed current assets. The Company will have to seek
debt or equity financing to fund costs attendant to the Manga themed project, in addition to obtaining sufficient capital to meet operating expenses. However, the Company has no current commitments or arrangements with respect to funding
or immediate sources of funding. Further, no assurances can be given that funding would be available or available to the Company on acceptable terms. Although, the Companys major shareholders would be the most likely source of new funding in
the form of debt or equity placements none have made any commitment for future investment and the Company has no agreement formal or otherwise.

Should the Company be unsuccessful in completing debt or equity placements in connection with the obligations created by its Agreement with the developer, and the anticipated development of the Manga inspired online virtual pet
portal/website. Accordingly, the Companys inability to obtain funding would have a material adverse effect on its plan of operation.

The Company has no current plans for the purchase or sale of any plant or equipment. The Company has no current plans to make any changes in the number of employees. The Company has no defined benefit plan with any of its officers or directors.

Critical Accounting Policies

In the notes to the audited consolidated financial statements for the year ended December 31, 2006 and in our Annual Report on Form 10-KSB filed with the Securities and Exchange Commission. The Company discusses those accounting policies that are
considered to be critical in determining the results of operations and its financial position. We believe that the accounting principles it uses conform to accounting principles generally accepted in the United States of America.

Forward Looking Statements and Factors That May Affect Future Results and Financial Condition

The statements contained in sections titled Plan of Operation, with the exception of historical facts, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect our current
expectations and beliefs regarding our future results of operations, performance, and achievements. These

---

statements are subject to risks and uncertainties and are based
upon assumptions and beliefs that may or may not materialize. These forward
looking statements include, but are not limited to, statements concerning:

| | 1  | Our ability to successfully implement our business
      strategies;                          
| | -- | ----------------------------------------------------------------------------------------------
| | 2  | The success or failure of our the business opportunities
      that we are pursuing;          
| | 3  | Our anticipated financial performance;                                                        
| | 4  | The sufficiency of existing capital resources;                                                
| | 5  | Our ability to raise additional capital to fund cash
      requirements for future operations;
| | 6  | uncertainties related to the Companys future business
      prospects;                       
| | 7  | The ability of the Company to generate revenues to fund
      future operations;              
| | 8  | changes in the laws and government regulations applicable
      to us;                        
| | 9  | The volatility of the stock market and;                                                       
| | 10 | General economic conditions.                                                                  

We wish to caution readers that the Companys operating results
are subject to various risks and uncertainties that could cause our actual
results to differ materially from those discussed or anticipated, including the
factors set forth in the section entitled Risk Factors. We also wish to advise
readers not to place any undue reliance on the forward looking statements
contained in this report, which reflect our beliefs and expectations only as of
the date of this report. We assume no obligation to update or revise these
forward looking statements to reflect new events or circumstances or any changes
in our beliefs or expectations, other that is required by law.

RISK FACTORS

Our future operating results are highly uncertain. Before
deciding to invest in us or to maintain or increase your investment, you should
carefully consider the risks described below, in addition to the other
information contained in this annual report. If any of these risks actually
occur, our business, financial condition or results of operations could be
seriously harmed. In that event, the market price for our common stock could
decline and you may lose all or part of your investment.

Risks Related to our Developing Operations

Our business model is unproven.

Our business model depends upon our ability to implement and
successfully execute our business and marketing strategy, which includes the
following: develop, deploy, and enhance the technology and systems which will
underlie the interactive web portal; attract users of the web portal at a
reasonable cost; reliably process transactions through the web portal; locate,
develop and maintain strategic relationships with advertisers who wish to target
the demographic groups which use the Companys web portal.

As our business model is unproven, we cannot be certain that
our business strategy will be successful or that we will ever be profitable.

We might not be able to establish and strengthen a brand
identity.

We believe that establishing a strong brand loyalty is critical
to achieving acceptance of the web portal. Promoting and positioning our brand
will depend largely on the success of our marketing efforts and our ability to
provide consistent, high-quality experiences on the web portal. Our brand
promotion activities might not be successful or, even if successful, result in
enough revenues to offset the expenses incurred.

We might not be able to determine or design features and
functionality that Web Portal users and advertisers require or prefer.

---

We are designing and developing the web portal based upon existing web sites and the experience and insights of our management. Our success will depend in part upon our ability to accurately determine the features and functionality that the web
portal users and advertisers require or prefer, and our ability to successfully design and implement solutions that include these features and functionality. We cannot be certain that the features and functionality that we plan to offer in the web
portal will satisfy the requirements or preferences of our current or potential customers.

We will depend on third parties to provide reliable software, systems, and services.

We currently have no technology assets or resources to build the web portal. We plan to rely substantially upon third-party service providers to help us build, maintain, and house key components of our web portal. These services might not be
available in a timely manner or on commercially reasonable terms. Failure to obtain the necessary services to enable us to build, maintain, and house our web portal could have a materially adverse effect on our business, financial condition, results
of operations, and prospects.

In addition, several of the third-parties upon whom we plan to depend upon have a limited operating history, have relatively immature technology, and are themselves dependent on reliable delivery of services from others. As a result, our ability to
deliver various services to our users might be adversely affected by the failure of these third parties to provide reliable software, systems, and related services to us.

The online web services markets are intensely competitive.

Many different companies are positioned to emerge as competitors in this marketplace. Many of our potential competitors have longer operating histories, significantly greater financial, technical, marketing, and other resources than we have, a
significantly greater name recognition, a larger installed base of potential customers, and more extensive knowledge of our industry. Such competitors might be able to spend more aggressively on marketing and advertising for their brands, products,
and services. They also might adopt more aggressive pricing policies and make more attractive offers to employees.

There are minimal barriers to entry in our market, and competitors can launch web-enabled products and service at relatively low cost. Other companies may develop products and services that are less expensive and more useful to the hard goods
industry. These companies might be more successful in their marketing efforts and thereby limit our ability to gain market share.

Our ability to protect the intellectual property to be developed is uncertain.

We believe that intellectual property will be critical to our success. We will rely on trademark, copyright, and trade secret protection to protect our intellectual property. The measures we take to protect our intellectual property might not be
successful, which could have a materially adverse effect on our business. The United States or foreign jurisdictions might not grant us any copyrights, trademarks, or other protection for our intellectual property. There also can be no assurance
that our intellectual property rights will not be challenged, invalidated, or circumvented, by others or that our intellectual property rights will provide us with a competitive advantage.

If other parties assert infringement claims against us, the defense of any such claim, whether with or without merit, could be time-consuming, result in substantial litigation expenses, and diversion of technical management personnel. If any such
claims are adversely determined, we might be required to develop non-infringing technology or enter into licensing agreements. These licensing agreements, if required, might not be available on terms acceptable to us, or at all. In the event a claim
of infringement is successfully asserted against us and our failure or inability to develop non-infringing technology or license the infringed or similar technology on a timely basis, would be likely to materially and adversely affect our business,
financial condition, results of operations, and prospects.

---

General Risks

We have a history of significant operating losses and such losses may continue in the future.

Since our inception in 1998, our expenses have substantially exceeded our revenue, resulting in continuing losses and an accumulated deficit of $12,538,329 at December 31, 2006. During fiscal 2006, we recorded a net loss of $3,639,918. We
will continue to incur operating losses as we maintain our search for a suitable business opportunity and satisfy our ongoing disclosure requirements with the Securities and Exchange Commission ("Commission"). Our only expectation of future
profitability is dependent upon our ability to fully develop our anticipated web portal, which can in no way be assured. Therefore, we may never be able to achieve profitability.

We anticipate that we will incur operating losses for the foreseeable future.

We expect to incur substantial operating losses for the foreseeable future. We intend to increase our operating expenses substantially as we increase our product development, marketing, and brand building activities. We will increase our general and
administrative functions to support our growing operations. We will need to generate significant revenues to achieve profitability, and we might not be able to sustain or increase profitability in the future. We will be dependent upon our ability to
obtain additional capital form borrowing and the sale of securities to fund our operations. There is no assurance that additional capital can be obtained or that it can be obtained on terms that are favourable to the Company and its existing
stockholders.

The market for our stock is limited and our stock price may be volatile.

The market for our common stock has been limited due to low trading volume and the small number of brokerage firms acting as market makers. Because of the limitations of our market and volatility of the market price of our stock, investors may face
difficulties in selling shares at attractive prices when they want to. The average daily trading volume for our stock has varied significantly from week to week and from month to month, and the trading volume often varies widely from day to day.

We may incur significant expenses as a result of being quoted on the Over the Counter Bulletin Board, which may negatively impact our financial performance.

We may incur significant legal, accounting and other expenses as a result of being listed on the Over the Counter Bulletin Board. The Sarbanes-Oxley Act of 2002, as well as related rules implemented by the Commission, have required changes in
corporate governance practices of public companies. We expect that compliance with these laws, rules and regulations, including compliance with Section 404 of the Sarbanes-Oxley Act of 2002 as discussed in the following risk factor, may
substantially increase our expenses, including our legal and accounting costs, and make some activities more time-consuming and costly. As a result, there may be a substantial increase in legal, accounting and certain other expenses in the future,
which would negatively impact our financial performance and could have a material adverse effect on our results of operations and financial condition.

Our internal controls over financial reporting may not be considered effective, which could result in a loss of investor confidence in our financial reports and in turn have an adverse effect on our stock price.

Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, beginning with our annual report for the year ending December 31, 2007, we may be required to furnish a report by our management on our internal controls over financial reporting. Such
report will contain, among other matters, an assessment of the effectiveness of our internal controls over financial reporting as of the end of the year, including a statement as to whether or not our internal controls over financial reporting are
effective. This assessment must include disclosure of any material weaknesses in our internal controls over financial reporting identified by management. The report will also contain a statement that our independent registered public accounting firm
has issued an attestation report on management's assessment of internal controls. If we are unable to assert that our internal controls are effective as of December 31, 2007 or if our independent registered public accounting firm is unable to attest
that our management's report is fairly stated or they are unable to express an opinion on our management's evaluation or on the

---

effectiveness of our internal controls, investors could lose
confidence in the accuracy and completeness of our financial reports, which in
turn could cause our stock price to decline.

Going Concern

The Companys independent auditors have modified their report
on the Companys 2006 financial statements to indicate that there is substantial
doubt as to the Companys ability to continue as a going concern as a result of
a net loss of $3,639,918 and $754,838 in 2006 and 2005, respectively, a
discontinuation of its only operating component, and a net deficiency in capital
of $778,591 as of December 31, 2006. The Companys ability to continue as a
going concern is subject to the ability of the Company to realize a profit and
/or obtain funding from outside sources. Managements plan to address the
Companys ability to continue as a going concern includes: (1) obtaining funding
from private placement sources; (2) obtaining additional funding from the sale
of the Companys securities; (3) establishing revenues from prospective business
opportunities; (4) obtaining loans and grants from various financial
institutions where possible. Although management believes that it will be able
to obtain the necessary funding to allow the Company to remain a going concern
through the methods discussed above, there can be no assurances that such
methods will prove successful.

ITEM
3.                     
CONTROLS AND PROCEDURES

|Name                           | Position(s) and Office(s)                                          
|------------------------------ | -------------------------------------------------------------------
|                               |                                                                    
|Wilson W. (Bill) Hendricks III | Chief Executive Officer, Chief
      Financial Officer and Director
|                               |                                                                    
|Richard Specht                 | Director                                                           
|                               |                                                                    

The Companys Chief executive officer and Chief Financial
officer are responsible for establishing and maintaining disclosure controls and
procedures for the Company.

(a) Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our
management, including our principal executive officer and principal financial
officer, we evaluated the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act, as of December 31, 2006. Based on this evaluation, our
principal executive officer and our principal financial officer concluded that,
as of the end of the period covered by this report, our disclosure controls and
procedures were effective and adequately designed to ensure that the information
required to be disclosed by us in the reports we submit under the Exchange Act
is recorded, processed, summarized and reported within the time periods
specified in the applicable rules and forms and that such information was
accumulated and communicated to our chief executive officer and chief financial
officer, in a manner that allowed for timely decisions regarding disclosure.

(b) Changes in Internal Controls

During the period ended June 30, 2007, there has been no change
in internal control over financial reporting that has materially affected, or is
reasonably likely to materially affect our internal control over financial
reporting.

The Companys management, including the chief executive officer
and chief financial officer, does not expect that its disclosure controls or
internal controls will prevent all error and all fraud. A control system, no
matter how well conceived and operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met. In
addition, the design of a control system must reflect the fact that there are
resource constraints, and the benefits of controls must be considered relative
to their costs. Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of

---

fraud, if any, within a company have been detected. These
inherent limitations include the realities that judgments in decision-making can
be faulty, and that breakdowns can occur because of simple error or mistake.

Additionally, controls can be circumvented by the individual
acts of some persons, by collusion of two or more people or by managements
override of the control. The design of any systems of controls is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate. Because of these inherent limitations in a
cost-effective control system, misstatements due to error or fraud may occur and
not be detected.

PART
II                    
OTHER INFORMATION

ITEM
1.                     
LEGAL PROCEEDINGS

On January 5, 2005, Integrity Securities, LLC (the Claimant)
initiated an arbitration action over the terms of a Financial Consulting
Services Agreement (the Agreement), dated December 6, 2002. The purpose of the
arbitration was to determine whether the 250,000 shares issued to the Claimant
pursuant to the Agreement could be cancelled for failure to provide consulting
services. On February 16, 2006, the International Centre for Dispute Resolution
provided the Company with a copy of the Award of Arbitrator in the matter with
the Claimant, which concluded that (a) the Claimant was owed nothing on any of
its claims against the Company, (b) that we were entitled to cancel and rescind
the issuance of certain shares to the claimant, and (c) that each side would
bear its own attorney fees.

ITEM
2.                     
UNREGISTERED SALES OF EQUITY SECURITIES

On August 28, 2007, the Company completed the sale of Twenty
Five Thousand (25,000) shares of common stock, par value $.001 to Danor
Associates LLC, at $.50 yielding gross proceeds to the Company of $12,500. The
Company relied upon the exemption from securities registration pursuant to
Section 4(2) and Regulation D promulgated by the U.S. Securities and Exchange
Commission pursuant to the Securities Act of 1933.

The Company made this offering based on the following factors:
(1) the issuance was an isolated private transaction by the Company which did
not involve a public offering; (2) there was only one offeree who was issued the
Companys stock as a bonus for providing services to the Company; (3) the
offeree stated an intention not to resell the stock; (4) there were no
subsequent or contemporaneous public offerings of the stock; (5) the stock was
not broken down into smaller denominations; and (6) the negotiations that lead
to the issuance of the stock took place directly between the offeree and the
Company.

The Company complied with the requirements of Regulation S by
having no directed offering efforts made in the United States, by offering to
only to an offeree who was outside the United States at the time the agreement
originated, and ensuring that the entity to whom the stock were issued was a
non- U.S. person with an address in a foreign country.

On September 19, 2007, the Company issued 100,000 shares of
common stock, par value $0.001, to Arthur Porcari for consulting services
rendered. The Company relied upon the exemption from securities registration
pursuant to Section 4(2) and Regulation S promulgated by the Commission pursuant
to the Securities Act.

The Company made this offering based on the following factors:
(1) the issuance was an isolated private transaction by the Company which did
not involve a public offering; (2) there was only one offeree who was issued the
Companys stock as a bonus for providing services to the Company; (3) the
offeree stated an intention not to resell the stock; (4) there were no
subsequent or contemporaneous public offerings of the stock; (5) the stock was
not broken down into smaller denominations; and (6) the negotiations that lead
to the issuance of the stock took place directly between the offeree and the
Company.

---

On August 28, 2007, the Company issued 100,000 shares of common
stock, par value $0.001, to Wiliam F. Donovan for consulting services rendered.
The Company relied upon the exemption from securities registration pursuant to
Section 4(2) and Regulation S promulgated by the Commission pursuant to the
Securities Act.

The Company made this offering based on the following factors:
(1) the issuance was an isolated private transaction by the Company which did
not involve a public offering; (2) there was only one offeree who was issued the
Companys stock as a bonus for providing services to the Company; (3) the
offeree stated an intention not to resell the stock; (4) there were no
subsequent or contemporaneous public offerings of the stock; (5) the stock was
not broken down into smaller denominations; and (6) the negotiations that lead
to the issuance of the stock took place directly between the offeree and the
Company.

On August 28, 2007, the Company issued 20,000 shares of S8,
common stock, par value $0.001, to Winston & Strawn for legal services
rendered and to be rendered. The Company relied upon the exemption from
securities registration pursuant to Section 4(2) and Regulation S promulgated by
the Commission pursuant to the Securities Act.

The Company made this offering based on the following factors:
(1) the issuance was an isolated private transaction by the Company which did
not involve a public offering; (2) there was only one offeree who was issued the
Companys stock as a bonus for providing services to the Company; (3) the
offeree stated an intention not to resell the stock; (4) there were no
subsequent or contemporaneous public offerings of the stock; (5) the stock was
not broken down into smaller denominations; and (6) the negotiations that lead
to the issuance of the stock took place directly between the offeree and the
Company.

ITEM
3.                     
DEFAULTS UPON SENIOR SECURITIES

None.

ITEM
4.                     
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM
5.                     
OTHER INFORMATION

On September 20, 2006, the Companys board of directors
approved a two (2) for one (1) reverse stock split. The quoted price of the
Companys stock reflected the stock split on September 21, 2006.

On February 12, 2007, the board of directors approved an
amendment to the certificate of incorporation name to Intrepid Global Imaging
3D, Inc. The name change became effective on February 16, 2007.

On May 18, 2007, the shareholders holding the majority of the
issued and outstanding common voting shares of the Corporation shall cause the
Corporation not to complete on the Material Definitive Agreement. As a result of
the Shareholders not agreeing with the merger between Intrepid World
Communications and Intrepid Global Imaging 3D, Inc. shall cause the corporation
to cancel 22,000,000 shares of Intrepid Global Imaging 3D, Inc. that were issued
pending the closing of the material definitive agreement.

On May 18, 2007 as a result of the shareholder vote by the
holders of a majority of our voting stock shall cause the Corporation to reduce
its board by six board members and officers, Jim Fischbach, Lonny Bassin, John
Byrne, Gabe Werba, Donald Miller and John Clark have been voted off as there
services are no longer required. This is to be effected as soon as is
practicable in accordance with the rules and regulations of the Securities
Exchange Act of 1934 as amended, and the State of Delaware.

---

Effective May 18, 2007, the shareholders appointed Wilson W.
(Bill) Hendricks III as a director and the Companys chief executive officer and
chief financial officer. The appointment of Mr. Hendricks as the Companys chief
executive officer and chief financial officer was not based on any prior
understanding or arrangement.

On October 3, 2007 the Company entered into a Letter of Intent
(LOI) with Emerging Market Communications (EMC) to undertake a reverse
merger. EMC is a provider of satellite telecommunication services to companies
and organizations with needs in countries lacking terrestrial infrastructure. As
of November 15, 2007, no contract has been executed and the terms of the reverse
merger have not been agreed to. Accordingly, there is no assurance that this
transaction will occur.

On October 15, 2007 the Company accepted the resignation of
Ryan Hamouth as the Companys chief operating officer and as a director. Also on
October 15, 2007 the Company appointed Richard Specht as a new member of the
board of directors.

ITEM
6.                     
EXHIBITS

Exhibits required to be attached by Item 601 of Regulation S-B
are listed in the Index to Exhibits on page 30 of this Form 10-QSB, and are
incorporated herein by this reference.

---

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, this 19th day of August 2007.

Intrepid Global Imaging 3D Inc.

/s/ Wilson W. (Bill) Hendricks
IIIBy: Wilson W. (Bill) Hendricks III, Chief Executive Officer

---

INDEX TO EXHIBITS

|Exhibit  | Page |                                                                                                                                                                                                                              
|-------- | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|No.      | No.  | Description                                                                                                                                                                                                                  
|         |      |                                                                                                                                                                                                                              
|3(i)(a)  | *    | Articles of Incorporation
        dated March 4, 1998. (Incorporated by reference from Form 10SB filed with
        the SEC on January 5, 2000.)                                                                             
|3(i)(b)  | *    | Amended Articles of Incorporation
        dated April 23,1998. (Incorporated by reference from Form 10SB filed with
        the SEC on January 5, 2000.)                                                                     
|3(i)(c)  | *    | Amended Articles
        of Incorporation dated January 4, 2002. (Incorporated by reference from
        Form 10KSB filed with the SEC on May 21, 2003.)                                                                     
|3(i)(d)  | *    | Amended Articles of Incorporation
        dated December 19, 2003. (Incorporated by reference from Form 10KSB filed
        with the SEC on May 20, 2004.)                                                                   
|3(i)(e)  | *    | Amended Articles
        of Incorporation dated November 4, 2004. (Incorporated by reference from
        Form 10KSB filed with the SEC on April 15,2005)                                                                    
|3(i)(f)  | *    | Amended Articles of Incorporation
        dated September 7,2005. (Incorporated by reference from Form 10QSB filed
        with the SEC on November 16, 2005)                                                                
|3(ii)    | *    | By-Laws dated
        April 23, 1998. (Incorporated by reference from Form 10SB filed with the
        SEC on January 5, 2000.)                                                                                              
|10(i)    | *    | The 2003 Benefit Plan of Delta
        Capital Technologies, Inc. dated August 20, 2003 (Incorporated by reference
        from Form S-8 filed with the SEC on August 26, 2003)                                              
|10(ii)   | *    | Employee Agreement
        dated April 30, 2004 between the Company and Kent Carasquero. (Incorporated
        by reference from Form 10KSB filed with the SEC on May 20, 2004                                               
|10(iii)  | *    | Employee Agreement dated April
        30, 2004 between the Company and Martin Tutschek. (Incorporated by reference
        from Form 10KSB filed with the SEC on May 20, 2004)                                              
|10(iv)   | *    | Employee Agreement
        dated October 1, 2004 between the Company and Roderick Shand (Incorporated
        by reference from Form 10KSB filed with the SEC on April 15, 2005)                                             
|10(v)    | *    | Employee Agreement dated October
        1, 2004 between the Company and Mr. Paul Bains (Incorporated by reference
        from Form 10KSB filed with the SEC on April 15, 2005)                                             
|10(vi)   | *    | Consulting Agreement
        dated October 1,2004 between the Company and Mr. Carasquero. (Incorporated
        by reference from Form 10KSB filed with the SEC on April 15, 2005)                                           
|10(vii)  | *    | Portal Development Agreement
        dated July 15, 2005 between the Company and Sygenics Interactive Inc.
        (Incorporated by reference from Form 8-K filed with the SEC on August
        9, 2005)                    
|10(viii) | *    | Debt Settlement
        Agreement dated August 3, 2005 between the Company and Rajesh Vadavia
        and Sygenics Interactive, Inc. (Incorporated by reference from Form 10KSB
        filed with the SEC on April 17, 2006)
|10(ix)   | *    | Debt Settlement Agreement dated
        September 30, 2005 between the Company and Leslie Lounsbury. (Incorporated
        by reference from Form 10QSB filed with the SEC on November 16, 2005)                             
|10(x)    | *    | Debt Settlement
        Agreement dated November 9,2005 between the Company and Roderick Shand.
        (Incorporated by reference from Form 10KSB filed on April 17,2006)                                                   
|10(xi)   | *    | Debt Settlement Agreement dated
        November 9, 2005 between the Company and Paul Bains. (Incorporated by
        reference from Form 10KSB filed on April 17, 2006)                                                     
|14       | *    | Code of Ethics
        (Incorporated by reference from Form 10KSB filed with the SEC on April
        15, 2005)                                                                                                              
|31.1     | 31   | Certification
        Pursuant to Rule 13a-14(A) 15d-14(A) of the Securities Act of 1934 as
        amended, as adopted pursuant to section 302 of the Sarbanes-Oxley Act
        of 2002                                    
|31.2     | 31   | Certification
        Pursuant to Rule 13a-14(A) 15d-14(A) of the Securities Act of 1934 as
        amended, as adopted pursuant to section 302 of the Sarbanes-Oxley Act
        of 2002                                    
|32       | 32   | Certification
        Pursuant to 18 U.S.C. Section 1350, Section 906 of the Sarbanes-Oxley
        Act of 2002.                                                                                                             

* Incorporated by reference from previous filings of the
Company

---