---

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 June 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.)

224MillviewWay,PonpeVedraBeach,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 August 08,
2007 was 26,561,682.

---

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)

|                                                              |   | June 30     |   |   | December
      31 |  
|------------------------------------------------------------- | - | ----------- | - | - | ----------------- | -
|                                                              |   | 2007        |   |   | 2006              |  
|                                                              |   | (Unaudited) |   |   | (Audited)         |  
|ASSETS                                                        |  
|                                                              |   |             |   |   |                   |  
|Current Assets                                                |   |             |   |   |                   |  
|Cash                                                          | $ | 6,230       |   | $ | 1,828             |  
|Receivable from former
      related party                    |   | 16,269      |   |   | -                 |  
|Prepaid expenses                                              |   | 3,122       |   |   | 3,122             |  
|Total Current Assets                                          |   | 25,621      |   |   | 4,950             |  
|Other assets                                                  |   | -           |   |   | -                 |  
|Total Assets                                                  |   | 25,621      |   |   | 4,950             |  
|                                                              |   |             |   |   |                   |  
|                                                              |   |             |   |   |                   |  
|LIABILITIES AND STOCKHOLDERS EQUITY
      (DEFICIENCY)       |  
|                                                              |   |             |   |   |                   |  
|Current Liabilities                                           |   |             |   |   |                   |  
|Accounts payable and
      accrued liabilities                | $ | 716,396     |   | $ | 717,959           |  
|Notes payable                                                 |   | 9,856       |   |   | 9,566             |  
|Due to former related parties                                 |   | 56,016      |   |   | 56,016            |  
|Total Current
      Liabilities                               |   | 782,268     |   |   | 783,541           |  
|                                                              |   |             |   |   |                   |  
|Stockholders Equity (Deficiency)                             |   |             |   |   |                   |  
|Common stock, $0.001
      par value                          |   |             |   |   |                   |  
|Authorized: 100,000,000 shares                                |   |             |   |   |                   |  
|Issued and outstanding:                                       |   |             |   |   |                   |  
|6,458,579 and 5,933,123 shares, respectively                  |   | 6,459       |   |   | 5,933             |  
|Common stock issuable:
      18,750 shares                    |   | 19          |   |   | 19                |  
|Additional paid-in capital                                    |   | 12,784,650  |   |   | 11,753,786        |  
|Accumulated deficit                                           |   | (8,143,573  | ) |   | (8,143,573        | )
|Deficit accumulated during the development stage              |   | (5,404,202  | ) |   | (4,394,756        | )
|Total Stockholders Equity (Deficiency)                       |   | (756,647    | ) |   | (778,591          | )
|Total
      Liabilities and Stockholders Equity (Deficiency) | $ | 25,621      |   | $ | 4,950             |  

See accompanying notes.

---

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

Cumulativeduring thedevelopmentstage (January1, 2005 toThree
        months ended June 30,
      
      
      Six
        months ended June 30,
      
      
      June 30,2007
      
      
      2006
      
      
      2007
      
      
      2006
      
      
      2007)(Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)
      
      
      (Unaudited)Revenue
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -Total Revenue
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      -Costs and ExpensesWebsite planning costs
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      144,406Impairment of websitedevelopment costs
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      477,275General and administrativeexpenses (including stock-basedcompensation of $951,025,$7,763,375, $951,025,
        $7,763,375and
        $4,511,999, respectively)
      
      966,948
      
      
      7,818,763
      
      
      1,009,446
      
      
      7,945,175
      
      
      4,757,521Total Costs and Expenses
      
      966,948
      
      
      7,818,763
      
      
      1,009,446
      
      
      7,945,175
      
      
      5,379,202Net loss from continuingoperations
      
      (966,948
      )
      
      (7,818,763
      )
      
      (1,009,446
      )
      
      (7,945,175
      )
      
      (5,379,202
      )Loss from discontinued
        operations
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      25,000Net Loss
      $
      (966,948
      )
      $
      (7,818,763
      )
      $
      (1,009,446
      )
      $
      (7,945,175
      )
      $
      (5,404,202
      )Net loss per share-basic anddiluted:
      $
      (0.16
      )
      $
      (1.20
      )
      $
      (0.17
      )
      $
      (1.46
      )Number of common shares used to compute loss per shareBasic and Diluted
      
      6,209,504
      
      
      6,503,328
      
      
      6,077,042
      
      
      5,434,510


See accompanying notes.

---

IntrepidGlobalImaging3D, Inc.(FormerlyMangaPets,Inc.) (ADevelopmentStageCompany)StatementsofStockholdersEquity(Deficiency)PeriodDecember31, 2004 to June
30, 2007(Expressedin USDollars)

DeficitAccumulatedAdditional
      
      
      
      
      
      During theCommon
        Stock
      
      Common
        Stock Issuable
      
      
      Paid-in
      
      
      Accumulated
      
      
      DevelopmentShares
      
      
      Amount
      
      Shares
      
      
      Amount
      
      
      Capital
      
      
      Deficit
      
      
      Stage
      
      
      TotalBalances, December 31, 2004
      4,028,914
      
      $
      4,029
      
      88,594
      
      $
      89
      
      $
      7,783,096
      
      $
      (8,143,573
      )
      $
      -
      
      $
      (356,359
      )Issuance of common stock forsettlement of accrued expenses and debtJanuary
        2005
      15,750
      
      
      16
      
      -
      
      
      -
      
      
      13,984
      
      
      -
      
      
      -
      
      
      14,000August 2005
      22,365
      
      
      22
      
      -
      
      
      -
      
      
      74,528
      
      
      -
      
      
      -
      
      
      74,550September
        2005
      22,500
      
      
      23
      
      -
      
      
      -
      
      
      29,977
      
      
      -
      
      
      -
      
      
      30,000November 2005
      35,000
      
      
      35
      
      -
      
      
      -
      
      
      83,965
      
      
      -
      
      
      -
      
      
      84,000Issuance of common stock for cashMay 2005
      37,500
      
      
      38
      
      -
      
      
      -
      
      
      49,962
      
      
      -
      
      
      -
      
      
      50,000June 2005
      -
      
      
      -
      
      18,750
      
      
      19
      
      
      24,981
      
      
      -
      
      
      -
      
      
      25,000September 2005
      18,750
      
      
      19
      
      -
      
      
      -
      
      
      24,981
      
      
      -
      
      
      -
      
      
      25,000Issuance of common stock issuableMay 2005
      88,594
      
      
      89
      
      (88,594
      )
      
      (89
      )
      
      -
      
      
      -
      
      
      -
      
      
      -Issuance of common stock for servicesMay 2005
      7,500
      
      
      7
      
      -
      
      
      -
      
      
      19,993
      
      
      -
      
      
      -
      
      
      20,000August 2005
      3,750
      
      
      4
      
      -
      
      
      -
      
      
      9,996
      
      
      -
      
      
      -
      
      
      10,000October 2005
      2,500
      
      
      2
      
      -
      
      
      -
      
      
      4,998
      
      
      -
      
      
      -
      
      
      5,000November
        2005
      20,000
      
      
      20
      
      -
      
      
      -
      
      
      47,480
      
      
      -
      
      
      -
      
      
      47,500December 2005
      12,500
      
      
      12
      
      -
      
      
      -
      
      
      24,988
      
      
      -
      
      
      -
      
      
      25,000Net 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 cashFebruary 2006
      50,000
      
      
      50
      
      -
      
      
      -
      
      
      49,950
      
      
      -
      
      
      -
      
      
      50,000September
        2006
      30,000
      
      
      30
      
      -
      
      
      -
      
      
      23,970
      
      
      -
      
      
      -
      
      
      24,000December 2006
      35,000
      
      
      35
      
      -
      
      
      -
      
      
      34,965
      
      
      -
      
      
      -
      
      
      35,000Issuance of common stock for servicesMay 2006
      37,500
      
      
      37
      
      -
      
      
      -
      
      
      90,713
      
      
      -
      
      
      -
      
      
      90,750September
        2006
      102,500
      
      
      102
      
      -
      
      
      -
      
      
      123,373
      
      
      -
      
      
      -
      
      
      123,475Issuance of common stock
        for bonusApril 2006
      112,500
      
      
      113
      
      -
      
      
      -
      
      
      206,887
      
      
      -
      
      
      -
      
      
      207,000May 2006
      3,125,000
      
      
      3,125
      
      -
      
      
      -
      
      
      7,577,500
      
      
      -
      
      
      -
      
      
      7,580,625Cancellation 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
      )


Seeaccompanyingnotes.

---

IntrepidGlobalImaging3D, Inc.(FormerlyMangaPets,Inc.) (ADevelopmentStageCompany)StatementsofStockholdersEquity(Deficiency)continuedPeriodDecember31, 2004 to June 30, 2007(Expressedin USDollars)

DeficitAccumulatedAdditional
      
      
      
      
      
      During theCommon
        Stock
      
      Common
        Stock Issuable
      
      
      Paid-in
      
      
      Accumulated
      
      
      DevelopmentShares
      
      
      Amount
      
      Shares
      
      
      Amount
      
      
      Capital
      
      
      Deficit
      
      
      Stage
      
      
      TotalBalances, 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 cashFebruary 2007
      20,000
      
      
      20
      
      -
      
      
      -
      
      
      29,980
      
      
      -
      
      
      -
      
      
      30,000Marcy 2007
      35,000
      
      
      35
      
      -
      
      
      -
      
      
      49,980
      
      
      -
      
      
      -
      
      
      50,015Issuance of common stock
        for cashlesswarrant
        exerciseMay 2007
      45,456
      
      
      46
      
      -
      
      
      -
      
      
      (46
      )
      
      -
      
      
      -
      
      
      -Issuance
        of common stock for servicesMay 2007
      75,000
      
      
      75
      
      -
      
      
      -
      
      
      145,425
      
      
      -
      
      
      -
      
      
      145,500Issuance
        of common stock for bonusMay 2007
      350,000
      
      
      350
      
      -
      
      
      -
      
      
      805,525
      
      
      -
      
      
      -
      
      
      805,525Net loss
      -
      
      
      -
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      (1,009,446
      )
      
      (1,009,446
      )Balances, June 30, 2007
      6,458,579
      
      
      6,459
      
      18,750
      
      
      19
      
      
      12,784,650
      
      
      (8,143,573
      )
      
      (5,404,202
      )
      
      (756,647
      )


Seeaccompanyingnotes.

---

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

|                                                             |   |                                 |   |   |              |   |   | Cumulative      |  
|------------------------------------------------------------ | - | ------------------------------- | - | - | ------------ | - | - | --------------- | -
|                                                             |   |                                 |   |   |              |   |   | during the      |  
|                                                             |   |                                 |   |   |              |   |   | development     |  
|                                                             |   |                                 |   |   |              |   |   | stage           |  
|                                                             |   |                                 |   |   |              |   |   | (January 1,     |  
|                                                             |   | Six
      months ended June 30, |   |   | 2005 to June |  
|                                                             |   | 2007                            |   |   | 2006         |   |   | 30,
      2007) |  
|                                                             |   | (Unaudited)                     |   |   | (Unaudited)  |   |   | (Unaudited)     |  
|Cash Flows From Operating Activities                         |   |                                 |   |   |              |   |   |                 |  
|Net income (loss)                                            | $ | (1,009,446                      | ) | $ | (7,945,175   | ) | $ | (5,404,202      | )
|Adjustments to reconcile net loss to net cash
      used for |   |                                 |   |   |              |   |   |                 |  
|operating activities:                                        |   |                                 |   |   |              |   |   |                 |  
|Accrued interest                                             |   | 290                             |   |   | 2,673        |   |   | 290             |  
|Impairment of license agreement                              |   | -                               |   |   | -            |   |   | 25,000          |  
|Impairment of website development
      costs                |   | -                               |   |   | -            |   |   | 477,275         |  
|Issuance of common stock for services                        |   | 145,500                         |   |   | 90,750       |   |   | 438,614         |  
|Issuance of common shares
      for bonuses                  |   | 805,875                         |   |   | 7,672,625    |   |   | 4,045,124       |  
|Changes in operating assets and liabilities                  |   |                                 |   |   |              |   |   |                 |  
|Receivable
      from former related party                   |   | (16,269                         | ) |   | -            |   |   | (16,269         | )
|Prepaid expenses                                             |   | -                               |   |   | 1,999        |   |   | (3,122          | )
|Accounts
      payable and accrued expenses                  |   | (1,563                          | ) |   | 95,393       |   |   | 204,564         |  
|Due to related parties                                       |   | -                               |   |   | -            |   |   | (10,851         | )
|Net cash provided by (used for) operating activities         |   | (75,613                         | ) |   | (81,735      | ) |   | (243,577        | )
|                                                             |   |                                 |   |   |              |   |   |                 |  
|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                                    |   | -                               |   |   | 3,311        |   |   | (52,362         | )
|Proceeds from notes payable                                  |   | -                               |   |   | -            |   |   | 19,067          |  
|Payments on advances payable                                 |   | -                               |   |   | -            |   |   | (28,387         | )
|Proceeds from advances
      payable                         |   | -                               |   |   | 23,925       |   |   | 27,855          |  
|Proceeds
      from sales of common stock and warrants       |   | 80,015                          |   |   | 50,000       |   |   | 289,015         |  
|Net Cash provided by (used for) financing activities         |   | 80,015                          |   |   | 77,236       |   |   | 255,188         |  
|                                                             |   |                                 |   |   |              |   |   |                 |  
|Net increase (decrease) in cash                              |   | 4,402                           |   |   | (6,716       | ) |   | (190            | )
|                                                             |   |                                 |   |   |              |   |   |                 |  
|Cash, beginning of period                                    |   | 1,828                           |   |   | 7,118        |   |   | 6,420           |  
|                                                             |   |                                 |   |   |              |   |   |                 |  
|Cash, end of period                                          | $ | 6,230                           |   | $ | 402          |   | $ | 6,230           |  
|                                                             |   |                                 |   |   |              |   |   |                 |  
|Supplemental disclosures of cash flow                        |   |                                 |   |   |              |   |   |                 |  
|Interest paid                                                | $ | -                               |   | $ | -            |   | $ | -               |  
|Income taxes paid                                            | $ | -                               |   | $ | -            |   | $ | -               |  

See accompanying notes.

---

Intrepid Global Imaging 3D, Inc. (Formerly MangaPets, Inc.)
(A Development Stage Company) Notes to Financial Statements June 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 June 30, 2007 and 2006.

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 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) reverse 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 June 30, 2007 and for
the three and six months ended June 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 June 30, 2007 and the results of operations and cash
flows for the periods ended June 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 six months ended June 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.

---

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

Note 2.Interim Financial Statements
(continued)

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 six months ended June 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

A summary of capitalized website development costs activity for
the years ended 2006 and 2005 follows:

|                           |   | 2006     |   |   | 2005     |  
|-------------------------- | - | -------- | - | - | -------- | -
|Balance, beginning of year | $ | 170,804  |   | $ | -        |  
|Additions                  |   | 2,217    |   |   | 475,058  |  
|Impairment charge          |   | (173,021 | ) |   | (304,254 | )
|Balance, end of year       | $ | -        |   | $ | 170,804  |  

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
June 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.

---

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

Note 5.Notes Payable

|                                                                |   | June 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                                         | $ | 8,130       |  | $ | 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                                         |   | 1,726       |  |   | 1,675       | 
|                                                                | $ | 9,856       |  | $ | 9,566       | 

Note 6.Due to Former Related Parties

Due to former related parties consists of:

|                                                             |   | June
      30, 2007 |  |   | December 31, 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.Warrants

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

|                                                |  | Shares of Common Stock that
      Warrants are |  
|----------------------------------------------- |  | ---------------------------------------------- | -
|                                                |  | Exercisable Into                               |  
|                                                |  | Six Months Ended                               |  
|                                                |  | June
      30, 2007                            |  
|Warrants outstanding,
      beginning of period |  | 177,500                                        |  
|Issued                                          |  | -                                              |  
|Exercised                                       |  | (47,476                                        | )
|Expired                                         |  | (58,774                                        | )
|Warrants outstanding, end of
      period       |  | 71,250                                         |  

---

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

Note 7.Warrants (continued)

The warrants outstanding at June 30, 2007 consist of:

Shares of Common Stock that
    
    
    
    ExerciseExpiration Date
    Warrants are Exercisable Into
    
    Exercise Price
    
    ProceedsSeptember 30, 2007
    41,250
    
    4.00
    
    165,000September 21, 2008
    30,000
    
    1.00
    
    30,000Totals
    71,250
    
    
    
    195,000


Note 8.Income Taxes

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

|At June 30, 2007, deferred tax assets consist of: |   |            |  
|------------------------------------------------- | - | ---------- | -
|Net operating loss
      carryforwards            | $ | 1,739,000  |  
|Less valuation allowance                          |   | (1,739,000 | )
|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 $1,739,000 attributable to the future utilization of the
approximately $5,116,000 in net operating loss carryforwards as of June 30, 2007
will be realized. Accordingly, the Company has provided a 100% allowance against
the deferred tax asset in the financial statements at June 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.

---

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.

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.

Effective May 18, 2007, the shareholders appointed Ryan Hamouth
as the Companys chief operating officer. The appointment of Mr. Hamouth as the
Companys chief operating officer was not based on any prior understanding or
arrangement.

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 June 30, 2007, the Company
paused on the development of the MangaPets web portal.

The Company, as of June 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 June 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 June 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 $25,621 as of June 30, 2007. These
assets consist of cash on hand of $6,230, $16,269 receivable from a related party and $3,122 in prepaid expenses. Net stockholders deficiency in the Company was $756,647 at June 30, 2007.

Cash flow used in operating activities was $75,613 for the six month period ended June 30, 2007 as compared to cash used in operating activities of $81,735 for the six month period ended June 30, 2006. The decrease of cash flow used in
operating activities was due in large part to a reduction in net losses.

Cash flow used in investing activities was $nil for the six month period ended June 30, 2007 as compared to cash flow used in investing activities of $2,217 for the six month period ended June 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 $80,015 for the six month period ended June 30, 2007 as compared to cash flow provided from financing activities of $77,236 for the six month period ended June 30, 2006. Funds realized from
financing activities in the current six 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

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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 and
      Director
|Ryan Hamouth                   | Chief Operating Officer and 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

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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 April 27, 2007, the Company issued 50,000 shares of common
stock, par value $0.001, to Ralph Schatzmair for consulting services rendered to
the company. 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 May 23, 2007, the Company issued 100,000 shares of common
stock, par value $0.001, to Ryan Hamouth for acting as a director since May
2,2006 without receiving any compensation as well as for taking the
position of Chief Operating Officer. 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 May 23, 2007, the Company issued 250,000 shares of common
stock, par value $0.001, to Wilson W. (Bill) Hendricks III for acting as a
director as well as for taking the position of Chief Executive Officer. 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 May 30, 2007, the Company issued 10,000 shares of S8, common
stock, par value $0.001, to Eric P. Littman 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

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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 July 19, 2007, the Company completed the sale of Thirty Five
Thousand (35,000) shares of common stock, par value $.001 to Ralph Schatzmair,
resident of Ontario, Canada, at $.50 yielding gross proceeds to the Company of
$17,500. 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.

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 and warrants were
issued was a non-U.S. person with an address in a foreign country.

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.

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Effective May 18, 2007, the shareholders appointed Ryan Hamouth
as the Companys chief operating officer. The appointment of Mr. Hamouth as the
Companys chief operating officer was not based on any prior understanding or
arrangement.

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 17th day of August 2007.

Intrepid Global Imaging 3D
Inc.

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

/s/ Ryan Hamouth By: Ryan
Hamouth, Chief Operating Officer

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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

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