**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      DC 20549





**FORM
      10-QSB**





**|X|
      QUARTERLY REPORT UNDER SECTION 13 0R**


**15
      (d) OF THE SECURITIES EXCHANGE ACT OF 1934**





**For
      the Quarter Ended February 28, 2006**





OR





**|_|
      TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE**


**SECURITIES
      EXCHANGE ACT OF 1934**





For
      the
      transition period from _____________ to ________________








Commission
      File Number 0-22969





**SCIENTIGO,
      INC.**


(Name
      of
      Small Business Issuer in its Charter)





Delaware
            59-3562953(State
                or other jurisdiction of
            (I.R.S.
                Employerincorporation
                or organization)
            Identification
                No.)





6701
      Carmel Road, Suite 205, Charlotte, NC 28226


(Address
      of Principal Executive Offices)





704-837-0500


(Issuer's
      Telephone Number)








Market
      Central, Inc.


(Former
      name, former address and former fiscal year,


if
      changed since last report)





Check
      whether the registrant (1) has filed all reports required to be filed by Section
      13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12
      months (or for such shorter period that the registrant was required to file
      such
      reports), and (2) has been subject to such filing requirements for the past
      90
      days. Yes
      |X|
      No |_|





State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of the latest practicable date.





Class:
      Common Stock, $.001 par value





Outstanding
      as of April 17, 2006: 18,693,619 shares


Transitional
      Small Business Disclosure Format (check one): Yes |_| No |X|











**PART
      I.**




**ITEM
      1. FINANCIAL STATEMENTS (UNAUDITED)**





The
      following unaudited Condensed Consolidated Financial Statements for the six
      months ended February 28, 2006 and February 28, 2005 have been prepared
      by Scientigo, Inc., a Delaware corporation.




**Scientigo,
                  Inc.**Condensed
                  Consolidated Balance Sheet
  UnauditedFebruary
                  28, 2006
              
              August
                  31, 2005ASSETSCurrent
                  Assets:Cash
                  and cash equivalents
              
              
              
              
              $
              2,124,029Accounts
                  receivable, net of allowance for doubtful accounts of $0 at February
                  28,
                  2006 and August 31, 2005
              
              $
              53,458
              
              
              10,000Other
                  receivable related party (Note H)
              
              
              120,995
              
              
              81,090Notes
                  receivable related parties (Notes C )
              
              
              208,688
              
              
              378,003Prepaid
                  expenses and other current assets
              
              
              91,128
              
              
              124,777Total
                  Current Assets
              
              
              474,269
              
              
              2,717,899Property
                  and Equipment:Furniture,
                  fixtures and office equipment
              
              
              98,156
              
              
              69,526Leasehold
                  improvements
              
              
              2,032Computers
                  and software
              
              
              263,486
              
              
              185,985363,674
              
              
              255,511Less:
                  accumulated depreciation
              
              
              (135,769
              )
              
              (120,349
              )Property
                  and Equipment, net
              
              
              227,905
              
              
              135,162Other
                  Assets:Goodwill
              
              
              745,050
              
              
              745,050Deposits
                  and other
              
              
              —
              
              
              2,524Intangible
                  assets, net of accumulated amortization of $105,425 and $64,880
                  at
                  February 28, 2006 and August 31, 2005, respectively (Note
                  J)
              
              
              482,506
              
              
              32,338Total
                  Other Assets
              
              
              1,227,556
              
              
              779,912Total
                  Assets
              
              $
              1,929,730
              
              $
              3,632,973**LIABILITIES
                  AND DEFICIENCY IN STOCKHOLDERS' EQUITY**Current
                  Liabilities:Cash
                  disbursed in excess of available funds
              
              $
              6,726Accounts
                  payable and accrued liabilities
              
              
              3,097,436
              
              $
              2,123,810Note
                  payable to related parties (Note D)
              
              
              558,435
              
              
              365,148Unearned
                  income
              
              
              130,754
              
              
              181,101Total
                  Current Liabilities
              
              
              3,793,351
              
              
              2,670,059Senior
                  Convertible Notes Payable (Note E)
              
              
              2,786,817
              
              
              1,354,770Notes
                  payable long-term (Note D)
              
              
              671,347
              
              
              793,921Other
                  long-term liabilities
              
              
              549
              
              
              546Deficiency
                  in Stockholders' Equity:Preferred
                  stock, par value $.001 per share; 10,000,000 shares
                  authorized;Series
                  B 350,000 shares issued and outstanding at February 28, 2006 and
                  August
                  31, 2005 (Note F)
              
              
              350
              
              
              350Common
                  stock, par value $.001 per share; 75,000,000 shares authorized;
                  14,319,185
                  and 13,320,992 shares issued and outstandingat
                  February 28, 2006 and August 31, 2005, respectively (Note
                  F)
              
              
              14,319
              
              
              13,321Stock
                  subscription payable (Note F)
              
              
              —
              
              
              102,064Additional
                  paid-in-capital
              
              
              44,451,155
              
              
              43,278,143Accumulated
                  deficit
              
              
              (49,788,158
              )
              
              (44,580,201
              )Total
                  Deficiency in Stockholders' Equity
              
              
              (5,322,334
              )
              
              (1,186,323
              )Total
                  Liabilities and Deficiency in Stockholders' Equity
              
              $
              1,929,730
              
              $
              3,632,973


See
      accompanying footnotes to the unaudited
      condensed consolidated financial
      statements.




-2-




**SCIENTIGO,
                  INC.****CONDENSED
                  CONSOLIDATED STATEMENTS OF LOSSES****FOR
                  THE THREE MONTHS ENDED FEBRUARY 28, 2006 AND
                  2005****(UNAUDITED)**
  2006
              
              2005Revenues,
                  net
              
              $
              40,933
              
              $
              5,014Cost
                  of sales
              
              
              17,570
              
              
              —Gross
                  profit
              
              
              23,363
              
              
              5,014Operating
                  expenses:Selling,
                  general and administrative
              
              
              1,634,593
              
              
              704,802Depreciation
                  and amortization
              
              
              38,937
              
              
              11,432Total
                  operating expenses
              
              
              1,673,530
              
              
              716,234Loss
                  from operations
              
              
              (1,650,167
              )
              
              (711,220
              )Other
                  income (expenses)
              
              
              (151,397
              )
              
              235,661Interest
                  income (expenses)
              
              
              (837,635
              )
              
              (16,946
              )Total
                  other expenses
              
              
              (989,032
              )
              
              218,715Loss
                  from continuing operations, before income taxes and discontinued
                  operations
              
              
              (2,639,199
              )
              
              (492,505
              )Provision
                  for income taxes
              
              
              —
              
              
              —Loss
                  from continuing operations, before discontinued operations
              
              
              (2,639,199
              )
              
              (492,505
              )Loss
                  from discontinued operations (Note B)
              
              
              —
              
              
              (251,863
              )Net
                  (loss)
              
              $
              (2,639,199
              )
              $
              (744,368
              )Cumulative
                  convertible preferred stock dividend requirements
              
              
              —
              
              
              (45,640
              )Net
                  loss attributable to common shareholders
              
              $
              (2,639,199
              )
              $
              (790,008
              )Net
                  income (loss) per common share (basic and assumed diluted)
              
              $
              (0.18
              )
              $
              (0.06
              )Continuing
                  operations:
              
              $
              (0.17
              )
              $
              (0.04
              )Discontinued
                  operations:
              
              
              —
              
              $
              (0.02
              )Weighted
                  Average Shares OutstandingBasic
                  and assumed diluted
              
              
              14,299,068
              
              
              12,786,954
 See
      accompanying footnotes to the unaudited condensed consolidated financial
      statements.





-3-





**SCIENTIGO,
                INC.****CONDENSED
                CONSOLIDATED STATEMENTS OF LOSSES****FOR
                THE SIX MONTHS ENDED FEBRUARY 28, 2006 AND
                2005****(UNAUDITED)**




2006
            
            2005Revenues,
                net
            
            $
            42,450
            
            $
            6,784Cost
                of sales
            
            
            17,570
            
            
            2,455Gross
                profit
            
            
            24,880
            
            
            4,329Operating
                expenses:Selling,
                general and administrative
            
            
            3,169,197
            
            
            1,592,028Depreciation
                and amortization
            
            
            55,965
            
            
            22,863Total
                operating expenses
            
            
            3,225,162
            
            
            1,614,891Loss
                from operations
            
            
            (3,200,282
            )
            
            (1,610,562
            )Other
                income (expenses)
            
            
            (91,536
            )
            
            235,661Interest
                income (expenses)
            
            
            (1,916,139
            )
            
            (44,499
            )Total
                other expenses
            
            
            (2,007,675
            )
            
            191,162Loss
                from continuing operations, before income taxes and discontinued
                operations
            
            
            (5,207,957
            )
            
            (1,419,400
            )Provision
                for income taxes
            
            
            —
            
            
            —Loss
                from continuing operations, before discontinued operations
            
            
            (5,207,957
            )
            
            (1,419,400
            )Loss
                from discontinued operations (Note B)
            
            
            —
            
            
            (403,103
            )Net
                (loss)
            
            $
            (5,207,957
            )
            $
            (1,822,503
            )Cumulative
                convertible preferred stock dividend requirements
            
            
            —
            
            
            (78,189
            )Net
                loss attributable to common shareholders
            
            $
            (5,207,957
            )
            $
            (1,900,692
            )Net
                income (loss) per common share (basic and assumed diluted)
            
            $
            (0.37
            )
            $
            (0.15
            )Continuing
                operations:
            
            $
            (0.37
            )
            $
            (0.11
            )Discontinued
                operations:
            
            
            —
            
            $
            (0.04
            )Weighted
                Average Shares OutstandingBasic
                and assumed diluted
            
            
            14,129,547
            
            
            12,786,954


See
      accompanying footnotes to the unaudited condensed consolidated financial
      statements.




-4-


**SCIENTIGO,
                  INC.****CONDENSED
                  CONSOLIDATED STATEMENTS OF CASH FLOWS****FOR
                  THE SIX MONTHS ENDED FEBRUARY 28, 2006 AND
                  2005****(UNAUDITED)**
  2006
              
              2005Net
                  cash used in operating activities
              
              $
              (2,434,615
              )
              $
              (2,204,379
              )Net
                  cash used in investing activities
              
              
              (358,163
              )
              
              (10,801
              )Net
                  cash used in financing activities
              
              
              668,749
              
              
              1,871,081Net
                  decrease in cash and cash equivalents
              
              
              (2,124,029
              )
              
              (344,099
              )Cash
                  and cash equivalents at beginning of period
              
              
              2,124,029
              
              
              344,099Cash
                  and cash equivalents at end of period
              
              $
              —
              
              $
              —Supplemental
                  Disclosures of Cash Flow Information:Cash
                  paid during the period for interest
              
              $
              240,168
              
              $
              47,553Common
                  stock issued in exchange for services rendered
              
              
              48,000Common
                  stock issued in exchange for conversion of notes payable
              
              
              250,000Common
                  stock issued in exchange for accrued liabilities
              
              
              79,950Common
                  stock issued in connection with acquisition of intangible
                  assets
              
              
              140,713Common
                  stock issued in exchange for officer compensation
              
              
              28,000Warrants
                  issued in exchange for services rendered
              
              
              4,250
              
              
              167,955Beneficial
                  conversion feature on convertible notes payable
              
              
              66,751Value
                  of warrants attached to convertible notes
              
              
              75,560Notes
                  payable issued in connection with acquisition of intangible
                  assets
              
              
              100,000Note
                  payable discount charged to interest expense
              
              
              37,500Amortization
                  and write-off of debt discount - beneficial conversion feature
                  of
                  convertible notes
              
              
              944,656Amortization
                  and write-off of debt discount - value of warrants attributable
                  to
                  convertible notes
              
              
              692,203Accrual
                  of preferred stock dividend
              
              
              —
              
              
              78,189


See
      accompanying footnotes to the unaudited condensed consolidated financial
      statements.





-5-


**SCIENTIGO,
      INC.**


**NOTES
      TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**


**FEBRUARY
      28, 2006**





**NOTE
      A - SUMMARY OF ACCOUNTING POLICIES**





General





The
      accompanying unaudited condensed consolidated financial statements have been
      prepared in accordance with the instructions to Form 10-QSB and, therefore,
      do
      not include all the information necessary for a fair presentation of financial
      position, results of operations and cash flows in conformity with generally
      accepted accounting principles.





In
      the
      opinion of management, all adjustments (consisting of normal recurring accruals)
      considered necessary for a fair presentation have been included. Accordingly,
      the results from operations for the three and six-month period ending February
      28, 2006 are not necessarily indicative of the results that may be expected
      for
      the year ended August 31, 2006. The unaudited consolidated financial statements
      should be read in conjunction with the consolidated August 31, 2005 financial
      statements and footnotes thereto included in the Company's SEC Form 10-KSB.





Business
      and Basis of Presentation





Scientigo,
      Inc. (the "Company") is a software and intellectual property enterprise with
      products which provide a platform to build a suite of software for Enterprise
      Content Management (ECM) needs. The Company holds multiple patents and
      patent-pending technologies and has developed the suite of products that
      provides solutions for managing the significant quantities of electronic
      information available today. The Company’s software includes next generation ECM
      capabilities. ECM includes: intelligent search for the internet and each
      enterprise, classification and intelligent document recognition.




The
      consolidated financial statements include the accounts of the Company and its
      wholly-owned subsidiary, Convey Systems International, Inc. (“CSI”), and
      majority-owned subsidiary, Tigo Search, Inc. (“TSI”). TSI was a wholly-owned
      subsidiary until November 28, 2005 when the Company acquired the Find.com URL
      and related intangible assets in a transaction which included issuing the seller
      49% of TSI’s common stock. This
      transaction resulted in the Company being the majority owner, owning 51% of
      the
      issued shares of TSI (Note B). The TSI subsidiary was established for the
      acquisition and development of the Find.com URL and business related to that
      URL. The business became active in November, 2005.




The
      Company sold its ecom subsidiary in August, 2005. The ecom business segment
      is
      accounted for as discontinued operations, and accordingly, amounts in the
      financial statements and related notes for the six months ended February 28,
      2005 have been restated to reflect discontinued operations accounting (Note
      B).
      All significant inter-company transactions and balances have been eliminated
      in
      consolidation.




Minority
      Interest in Subsidiaries




Minority
      interest in results of operations of consolidated subsidiaries represents the
      minority shareholders' share of the income or loss of various consolidated
      subsidiaries. The minority interest in the consolidated balance sheet reflects
      the original investment by these minority shareholders in these consolidated
      subsidiaries, along with their proportional share of the earnings or losses
      of
      these subsidiaries. The
      minority interest in Tigo Search, Inc. is a deficit and, in accordance with
      Accounting Research Bulletin No. 51, subsidiary losses should not be charged
      against the minority interest to the extent of reducing it to a negative amount.
      As such, any losses will be charged against the Company’s operations, as
      majority owner.





Stock-based
      Compensation





In
      December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
      Compensation - Transition and Disclosure - an amendment of SFAS 123." This
      statement amends SFAS No. 123, "Accounting for Stock-Based Compensation," to
      provide alternative methods of transition for a voluntary change to the fair
      value-based method of accounting for stock-based employee compensation. In
      addition, this statement amends the disclosure requirements of SFAS No. 123
      to
      require prominent disclosures in both annual and interim financial statements
      about the method of accounting for stock-based employee compensation and the
      effect of the method used on reported results. The Company has chosen to
      continue to account for stock-based compensation using the intrinsic value
      method prescribed in APB Opinion No. 25 and related interpretations.
      Accordingly, compensation expense for stock options is measured as the excess,
      if any, of the fair market value of the Company's stock at the date of the
      grant
      over the exercise price of the related option.




-6-





The
      Company has adopted the annual disclosure provisions of SFAS No. 148 in its
      financial reports for the years ended August 31, 2005 and 2004 and will adopt
      the interim disclosure provisions for its financial reports for the subsequent
      periods. The Company used the Black-Scholes pricing model prior to August 31,
      2005. Effective September 1, 2005, the Company adopted the Binomial pricing
      model. Had compensation costs for the Company’s stock options been determined
      based on the fair value at the grant dates for the awards, the Company’s net
      loss and losses per share would have been as follows (transactions involving
      stock options issued to employees and Black-Scholes and Binomial pricing model
      assumptions are presented in Note G):





For
                the Three Months
              EndedFebruary
                28,
            
            For
                the Six Months
              Ended
                February 28,2006
            
            2005
            
            2006
            
            2005Net
                loss - as reported
            
            $
            (2,639,199
            )
            $
            (744,368
            )
            $
            (5,207,957
            )
            $
            (1,822,503
            )Add:
                Total stock-based employee compensation expense as reported under
                intrinsic value method (APB. No. 25)Deduct:
                Total stock-based employee compensation expense as reported under
                fair
                value-based method (SFAS No. 123)
            
            
            (807,751
            )
            
            (16,770
            )
            
            (2,184,026
            )
            
            (309,145
            )Net
                loss - Pro forma
            
            $
            (3,446,950
            )
            $
            (761,138
            )
            $
            (7,391,983
            )
            $
            (2,131,648
            )Net
                loss attributable to common stockholders - Pro forma
            
            $
            (3,446,950
            )
            $
            (806,778
            )
            $
            (7,391,983
            )
            $
            (2,209,837
            )Basic
                (and assuming dilution) loss per share - as reported
            
            $
            (0.18
            )
            $
            (0.06
            )
            $
            (0.37
            )
            $
            (0.15
            )Basic
                (and assuming dilution) loss per share - Pro forma
            
            $
            (0.24
            )
            $
            (0.06
            )
            $
            (0.52
            )
            $
            (0.18
            )





On
      December 16, 2004, the Financial Accounting Standards Board (FASB) issued FASB
      Statement No. 123R (revised 2004), "Share-Based Payment" which is a revision
      of
      FASB Statement No. 123, "Accounting for Stock-Based Compensation". Statement
      123R supersedes APB opinion No. 25, "Accounting for Stock Issued to Employees",
      and amends FASB Statement No. 95, "Statement of Cash Flows". Generally, the
      approach in Statement 123R is similar to the approach described in Statement
      123. However, Statement 123R requires all share-based payments to employees,
      including grants of employee stock options, to be recognized in the income
      statement based on their fair values. Pro-forma disclosure is no longer an
      alternative. On April 14, 2005, the SEC amended the effective date of the
      provisions of this statement. The effect of this amendment by the SEC is that
      the Company will have to comply with Statement 123R and use the Fair Value
      based
      method of accounting no later than its third quarter of 2006. The Company has
      previously issued employee stock options for which no expense has been
      recognized, and which will not be fully vested as of the effective date of
      SFAS
      No. 123R.





Reclassifications





Certain
      reclassifications have been made in prior years' financial statements to conform
      to classifications used in the current year.





**NOTE
      B - ACQUISITIONS, DIVESTITURES AND DISCONTINUED OPERATIONS**





Tigo
      Search, Inc.





Tigo
      Search, Inc. was formed as a wholly-owned subsidiary of the Company during
      the
      year ended August 31, 2005. On November 28, 2005, the Company entered into
      a
      transaction whereby in exchange for 49% of Tigo Search, Inc. and $250,000 in
      cash, issuance of a promissory note in the amount of $100,000 (Note D) and
      112,570 shares of the Company’s common stock, valued at $140,713 (Note F), the
      Find.com URL and certain other related intangible assets would be owned by
      Tigo
      Search, Inc. Tigo Search, Inc. had no assets or liabilities prior to this
      transaction.





For
      the three and six month periods ended February 28, 2006, the minority interest
      in Tigo Search, Inc. is a deficit and, in accordance with Accounting Research
      Bulletin No. 51, the Company’s consolidated net loss, as majority owner,
      included the net loss from Tigo Search, Inc. This net loss attributable to
      Tigo
      Search Inc. was $49,646 and $77,987 for the three and six month periods ended
      February 28, 2006, respectively.





ecommerce
      support centers, inc.





On
      May
      23, 2005, the Company sold substantially all the assets that comprise its call
      center operations (“ecom”). On
      August
      31, 2005, the Company entered into an agreement to sell all of the outstanding
      capital stock of ecom to Lion Development Group II, Inc. The
      financial statements for the six months ended February 28, 2005 reflect the
      operating results of the discontinued operations separately from continuing
      operations.





Operating
      results for the ecommerce support centers, inc. discontinued operations for
      the
      three and six months ended February 28, 2005 were:




Three
                Months Ended
              Six
                Months EndedFebruary
                28, 2005Revenues
            
            $
            1,444,326
            
            $
            2,877,012Costs
                and Expenses
            
            
            (1,696,189
            )
            
            (3,280,115
            )Net
                loss before tax
            
            
            (251,863
            )
            
            (403,103
            )Income
                tax provision (benefit)
            
            
            —
            
            
            —Net
                loss
            
            $
            (251,863
            )
            $
            (403,103
            )





**NOTE
      C - NOTES RECEIVABLE - RELATED PARTIES**





At
      February 28, 2006 and August 31, 2005, the Company has a note receivable from
      one of its largest shareholders with a balance of $208,688 and $378,003,
      respectively. This note, which had an original balance of $400,000, matures
      on
      May 31, 2006 and is secured by approximately 1,100,000 shares of the Company’s
      common stock owned by the shareholder. The note does not provide for interest
      except that the Company received 159,630 shares of its common stock as an
      inducement to make this loan. These shares were valued at $239,445 and this
      amount is being amortized over the one-year life of the note. Unearned income
      includes $59,861 and $181,101 of unamortized value of these shares at February
      28, 2006 and August 31, 2005, respectively. Other income includes $119,723
      and
      $-0- related to this share value for the six months ended February 28, 2006
      and
      2005, respectively.




-7-


**NOTE
      D - NOTES PAYABLE TO RELATED PARTIES**





Notes
      Payable at February 28, 2006 and August 31, 2005 are as follows:





February
                28,
              2006
            
            August
                31,
              2005Note
                payable to a related party in monthly installments of $20,429 plus
                interest at LIBOR monthly floating rate plus 2.75%; unsecured; all
                remaining unpaid amount becomes due in May 2008 (Note H)
            
            $
            916,495
            
            $
            1,039,069Note
                payable due sixty days after the exchange period (Note L) specified
                in the
                Company’s registration statement on Form S-4, with interest at 4.75%
                secured by a portion of the common stock of Tigo Search, Inc. The
                expiration date of the exchange offer wasMarch
                30, 2006 which results in a maturity date of this note of May 29,
                2006.
            
            
            100,000
            
            
            —Note
                payable on demand to a related party, non-interest bearing; unsecured;
                maturity date was in May 2004; the Company shall repay the note with
                Company common stock. The Company is currently in default under the
                terms
                of the note agreement. (Note H)
            
            
            120,000
            
            
            120,000Note
                payable with interest at 6% due June 8, 2006, secured by the Company’s
                portion, if any, of note receivable from CustomerLinx of NC held
                by Lion
                Development, LLC which was part of the Company’s sale of its call center
                operations and subsequent sale of the stock in the subsidiary which
                had
                contained the call center operations
            
            
            93,2871,229,782
            
            
            1,159,069Less:
                current portion
            
            
            (558,435
            )
            
            (365,148
            )$
            671,347
            
            $
            793,921





Aggregate
      maturities of long-term debt as of February 28, 2006 are as
      follows:





2006
            
            $
            558,4352007
            
            
            245,1482008
            
            
            426,1992009
            
            
            —2010
            
            
            —Total
            
            $
            1,229,782






-8-





**NOTE
      E - SENIOR CONVERTIBLE NOTES PAYABLE**





The
      Company began offering a 6.4% convertible note (“Convertible Note”) in April
      2005 with an aggregate face value of $6,250,000 and a maturity of May 2007.
      Subsequent to April 2005, the Company authorized offering up to $7,187,500
      aggregate face value of the notes. The Convertible Notes were offered with
      a 20%
      discount, resulting in net proceeds before commissions of $5,000,000 to the
      Company of the initial offering amount and up to $5,750,000 if fully subscribed.
      The Convertible Notes were initially offered only to holders of the Company’s
      Series A Preferred Stock. Included with the Convertible Notes were warrants
      to
      purchase one share of the Company’s common stock for each $2 of face value of
      Convertible Notes sold at an exercise price of $1.00 per share and a term which
      expires in June 2010. The Convertible Notes provide for conversion of the face
      amount of the notes into the Company’s common stock at $1.3325 per share and
      they provide for interest to be paid quarterly. The repayment of the Convertible
      Notes is secured by a first priority security interest in the Company’s
      intellectual property granted pursuant to a security agreement to be entered
      into by the Company. Upon the payment or conversion of $5,000,000 of the total
      Principal Amount of the Notes, the XML patents owned by Scientigo will be
      released from such security interest.





During
      the six months ended February 28, 2006, the Company sold an additional $187,500
      of notes, and two note holders of the outstanding Convertible Notes elected
      to
      convert $250,000 of the notes into 187,716 shares of the Company’s common stock.
      As of February 28, 2006 and August 31, 2005, the Company sold Convertible Notes
      with a face value of $6,633,950 and $6,446,450 and received net proceeds of
      $5,307,160 and $5,157,160, respectively. In connection with issuance of the
      Convertible Notes, the Company issued warrants to its placement agent in
      exchange for services and commissions. The exercise prices of these warrants
      were below the fair market value of the Company's common stock. The Company
      has
      charged an aggregate of $4,250 and $-0- to operations during the six months
      ended February 28, 2006 and 2005, respectively in connection with the warrants
      issued to its placement agent and $7,500 and $-0- in cash payments of
      commissions on sales of convertible notes during the six months ended February
      28, 2006 and 2005, respectively. Additionally, the Company accounted for and
      charged to interest expense $37,500 and $-0- during the six months ended
      February 28, 2006 and 2005, respectively, in connection with the original 20%
      discount on Convertible Notes issued during the period.





As
      described in Note L to these financial statements, after February 28, 2006,
      holders of $6,214,375 of the 6.4% convertible notes exchanged their notes for
      a
      new 10% convertible note with a face amount which did not include the 20%
      discount that was part of the 6.4% convertible notes. Holders of $3,932,997
      of
      the new 10% convertible notes elected to convert these notes into the Company’s
      common stock.





A
      summary
      of convertible notes payable at February 28, 2006 and August 31, 2005 is as
      follows:





February
                28,
              2006
            
            August
                31,
              2005Convertible
                notes payable; 6.4% per annum payable quarterly; due May 2007; note
                holders have the option to convert unpaid note principal into the
                Company’s common stock at $1.3325 per share. The note holders are secured
                by a first priority security interest in the Company’s intellectual
                property.
            
            $
            6,383,950
            
            $
            6,446,450Debt
                Discount - beneficial conversion feature, net of accumulated amortization
                and write-off of $1,416,095 and $471,439 at February 28, 2006 and
                August
                31, 2005, respectively.
            
            
            (2,070,454
            )
            
            (2,948,358
            )Debt
                Discount - value attributable to warrants attached to notes, net
                of
                accumulated amortization and write-off of $1,030,969 and $338,766
                at
                February 28, 2006 and August 31, 2005, respectively.
            
            
            (1,526,679
            )
            
            (2,143,322
            )Total
            
            $
            2,786,817
            
            $
            1,354,770Less:
                current portion
            
            
            —
            
            
            —$
            2,786,817
            
            $
            1,354,770





In
      accordance with Emerging Issues Task Force Issue 98-5, Accounting for
      Convertible Securities with Beneficial Conversion Features or Contingently
      Adjustable Conversion Ratios (“EITF 98-5”), the Company recognized an imbedded
      beneficial conversion feature present in the Convertible Note. The Company
      allocated to additional paid-in capital a portion of the proceeds equal to
      the
      intrinsic value of the beneficial conversion feature. The Company recognized
      and
      measured an aggregate of $3,486,549 of the proceeds, which is equal to the
      intrinsic value of the imbedded beneficial conversion feature, to additional
      paid-in capital and a discount against the Convertible Note. The debt discount
      attributed to the beneficial conversion feature is amortized over the
      Convertible Note’s maturity period (21 to 25 months) as interest
      expense.




-9-




In
      accordance with Emerging Issues Task Force Issue 00-27, Application of Issue
      No.
      98-5 to Certain Convertible Instruments (“EITF - 00-27”), the Company recognized
      the value attributable to the warrants in the amount of $2,557,647 to additional
      paid-in capital and a discount against the Convertible Note. The Company valued
      the warrants in accordance with EITF 00-27 using a binomial pricing model
      (Black-Scholes pricing model prior to August 31, 2005) and the following
      assumptions: contractual terms of 5 years, an average risk-free interest rate
      of
      3.84%, a dividend yield of 0%, and volatility of 93.25%. The debt discount
      attributed to the value of the warrants issued is amortized over the Convertible
      Note’s maturity period (21 to 25 months) as interest expense.





The
      Company amortized the Convertible Note debt discount attributed to the
      beneficial conversion feature and the value of the attached warrants and
      recorded non-cash interest expense of $719,427 and $0 for the three months
      ended
      February 28, 2006 and 2005, respectively and $1,457,711 and $0 for the six
      months ended February 28, 2006 and 2005, respectively. The conversion of the
      $250,000 in face value of the convertible notes resulted in the write-off of
      the
      unamortized portion of the debt discount totaling $179,148 which is also
      recorded as non-cash interest expense during the six month period ended February
      28, 2006.





Aggregate
      maturities of senior convertible notes as of February 28, 2006 are as
      follows:


2006
            
            $
            —2007
            
            
            6,383,950Total
            
            $
            6,383,950





**NOTE
      F - CAPITAL STOCK**





The
      Company is authorized to issue 75,000,000 shares of common stock with $.001
      par
      value per share and 10,000,000 shares of preferred stock with $.001 par value
      per share. As of February 28, 2006 and August 31, 2005, the Company had 14,319,185 and
      13,320,992 shares of common stock issued and outstanding, respectively, and
      350,000 and 350,000 shares of Series B Preferred Stock issued and outstanding,
      respectively.





During
      the six months ended February 28, 2006, the Company issued an aggregate of
      998,193 shares of common stock. Included in this total were a) 187,617 shares
      issued in conjunction with the conversion of $250,000 face value of the 6.4%
      convertible notes at a price of $1.3325 per share (Note E); b) 552,012 shares
      issued upon the exercise of $.85 warrants which provided $469,210 in proceeds
      including the amount reflected as common stock payable of $102,064 at August
      31,
      2005; c) 60,000 shares issued in conjunction with the settlement of a lawsuit
      that was accrued for at August 31, 2005; d) 1,436
      shares issued to ex-employees upon the exercise of stock options at $0.01 per
      share; the
      stock
      options were valued at the fair value of the Company’s common stock at the date
      the options were granted during prior periods; this
      provided the Company with $14 in proceeds ;
      e)
      11,562 shares issued upon the exercise of $1.00 warrants which provided $11,562
      in proceeds; f) 22,996 shares issued to a third party and valued at prices
      ranging from $1.02 to $1.30 per share for a total of $28,000; these costs are
      included in compensation expense and treated as compensation to one of the
      Company’s executive officers; g) 112,570 shares issued in conjunction with the
      acquisition, on November 28, 2005, of Find.com and valued at $140,712 (Note
      B);
      h) 50,000 shares issued in conjunction with a financial consulting and services
      agreement and valued at $48,000.





In
      December 2003, the Company's Board of Directors designated 2,251,407 shares
      of
      Series A Convertible Preferred Stock, par value $.001 per share (the "Series
      A
      Preferred Stock") and 350,000 shares of Series B Convertible Preferred Stock,
      par value $.001 per share (the "Series B Preferred Stock "). Both Series A
      Preferred Stock and Series B Preferred Stock have a liquidation preference
      that
      is senior to the Company's Common Stock. In December 2003, the Company approved
      a private placement offering of up to $3,000,000 of its authorized Series A
      Preferred Stock at $1.3325 per share. The Series A Preferred Stock was
      convertible into one share of the Company's common stock after a one-year period
      from the date of issuance.





The
      Series A Preferred Stock provided for a 4% annual cumulative dividend, that
      is
      payable when declared by the Company's Board of Directors and was payable in
      shares of the Series A Preferred Stock. In August 2005, pursuant to an exchange
      offer, the Company converted all of the previously issued and outstanding Series
      A Preferred Stock and accrued unpaid dividends into Common Stock. The issuance
      of common stock settled in full the cumulative preferred stock dividends; during
      the three months ended November 30, 2004, these dividends totaled
      $32,552.





The
      Series B Preferred Stock is convertible into common stock at the lesser of
      $1.75
      per share or 80% of the lowest bid price for the common stock in the 10 business
      days preceding the conversion but it cannot be less than 50% of the $1.75 or
      $.875. This results in the conversion of a maximum of 4,000,000 shares and
      a
      minimum of 2,000,000 shares of the Company's common stock. The Series B
      Preferred Stock holders also have an option to acquire additional common shares
      in an amount to permit the conversion rights plus this option to result in
      a
      total of 4,000,000 shares of the Company's common stock.




-10-





**NOTE
      G - STOCK OPTIONS AND WARRANTS**





Options





The
      following table summarizes the changes in options outstanding and the related
      prices for the shares of the Company’s common stock issued to employees,
      consultants and shareholders at February 28, 2006, after giving effect to 1:10
      reverse split in common stock in February, 2003:




Options
                Outstanding
            
            Options
                ExercisableWeighted
                AverageContractual
                Life
            
            Weighted
                Average
            
            
            
            Weighted
                AverageExercise
                Price
            
            Number
                Outstanding
            
            (Years)
            
            Exercise
                Price
            
            Number
                Exercisable
            
            Exercise
                Price$
                .01-$3.35
            
            
            8,357,153
            
            
            3.01
            
            $
            1.82
            
            
            4,425,488
            
            $
            1.64





Transactions
      involving the Company’s options issuance are summarized as follows:





Number
                of
              Shares
            
            Weighted
                Average Exercise PriceOutstanding
                at August 31, 2004
            
            
            1,065,927
            
            $
            2.06Granted
            
            
            5,400,802
            
            
            2.03Exercised
            
            
            (235,970
            )
            
            .01Cancelled
            
            
            (429,335
            )
            
            2.88Outstanding
                at August 31, 2005
            
            
            5,801,424
            
            $
            2.03Granted
            
            
            2,875,000
            
            
            1.43Exercised
                (Note F)
            
            
            (1,436
            )
            
            .01Cancelled
            
            
            (317,835
            )
            
            2.33Outstanding
                at February 28, 2006
            
            
            8,357,153
            
            $
            1.82




Warrants





The
      following table summarizes the changes in warrants outstanding and the related
      prices for the shares of the Company’s common stock issued to employees,
      consultants and shareholders at February 28, 2006 after giving effect to 1:10
      reverse split in common stock in February, 2003.




Warrants
                Outstanding
            
            Warrants
                ExercisableWeighted
                AverageContractual
                Life
            
            Weighted
                Average
            
            
            
            Weighted
                AverageExercise
                Price
            
            Number
                Outstanding
            
            (Years)
            
            Exercise
                Price
            
            Number
                Exercisable
            
            Exercise
                Price$0.00
                - $.84
            
            
            25,000
            
            
            2.73
            
            $
            0.01
            
            
            25,000
            
            $
            .01$0.85
                - $2.99
            
            
            10,708,490
            
            
            2.17
            
            $
            0.99
            
            
            10,708,490
            
            $
            0.99$3.00
                - $11.88
            
            
            1,102,500
            
            
            1.11
            
            $
            3.24
            
            
            1,102,500
            
            $
            3.2411,835,990
            
            
            2.07
            
            $
            1.19
            
            
            11,835,990
            
            $
            1.19





Transactions
      involving the Company’s warrants issuance are summarized as
      follows:





Number
                of Shares
            
            Weighted
                Average Exercise PriceOutstanding
                at August 31, 2004
            
            
            4,746.997
            
            $
            3.12Granted
            
            
            10,568,118
            
            
            1.23Exercised
            
            
            (461,300
            )
            
            0.89Cancelled
            
            
            (2,681,170
            )
            
            0.45Outstanding
                at August 31, 2005
            
            
            12,172,645
            
            $
            1.29Granted
            
            
            316,756
            
            
            1.00Exercised
                (Note F)
            
            
            (563,574
            )
            
            0.85Cancelled
            
            
            (89,837
            )
            
            11.96Outstanding
                at February 28, 2006
            
            
            11,835,990
            
            $
            1.19






-11-




The
      Company used the Black-Scholes pricing model prior to August 31, 2005. Effective
      September 1, 2005, the Company adopted the binomial option price model. The
      weighted-average fair value of stock options and warrants granted to employees,
      consultants and shareholders during the three months ended February 28, 2006
      and
      2005 and the weighted-average significant assumptions used to determine those
      fair values are as follows:





2006
            
            2005Significant
                assumptions (weighted average):Risk
                free interest rate at grant date
            
            
            3.94
            %
            
            2.04
            %Expected
                stock price volatility
            
            
            113.43
            %
            
            122
            %Expected
                dividend payout
            
            
            —
            
            
            —Expected
                option life-years(a)
            
            
            2.0
                - 5.6
            
            
            4.0
                - 8.0





(a)
            The
                expected option/warrant life is based on contractual expiration
                dates.





During
      the six month period ended February 28, 2006 and 2005, the Company charged
      to
      operations compensation expenses in connection with granting warrants in
      exchange for services rendered in the amount of $4,250 and $0, respectively.
      During the period ended February 28, 2006, the Company also granted 93,750
      warrants to the noteholders in connection with issuance of convertible notes
      (Note E). The Company recognized the value attributable to the warrants in
      the
      amount of $75,560 to additional paid-in capital and a discount against the
      Convertible Notes (Note E).





During
      the six month period ended February 28, 2006, the Company issued an aggregate
      of
      552,012 and 11,562 shares of common stock to convertible noteholders and Series
      A Preferred Stock shareholders in exchange for warrants exercised at $0.85
      and
      $1.00 per share, respectively (Note F). The Company also issued 1,436 shares
      of
      common stock t o
      ex-employees upon the exercise of stock options at $0.01 per share. The Company
      received $14 of proceeds and the
      stock
      options were valued at the fair value of the Company’s common stock at the date
      the options were granted during prior periods.





If
      the
      Company recognized compensation cost for the non-qualified employee stock option
      plan in accordance with SFAS No. 123, the Company’s pro forma net loss
      attributable to common stockholders and net loss per share would have been
      $(3,446,950) and $(0.24) and $(806,778) and $(0.06), respectively for the three
      months ended February 28, 2006 and 2005 and $(7,391,983) and $(0.52) and
      $(2,209,837) and $(.18) respectively for the six months ended February 28,
      2006
      and 2005.





**NOTE
      H - RELATED PARTY TRANSACTIONS**





Other
      receivable-related parties at February 28, 2006 of $120,995 are payments made
      on
      behalf of The Tag Group, Inc. in anticipation of the purchase of substantially
      all of their assets. These payments to various vendors will be deducted from
      the
      purchase price paid to The Tag Group, Inc. at closing of the purchase
      transaction. At August 31, 2005, the balance was $81,090. During the three
      months ended February 28, 2006, the Company borrowed $93,287 from Lion
      Development, LLC (Note D). Lion Development, LLC purchased the Company’s call
      center subsidiary in August 2005.





During
      the six months ended February 28, 2005, the Company provided services through
      its ecom subsidiary to a company owned by a former director of the Company.
      All
      of the revenue from these services is now included in the loss from discontinued
      operations. The amount of revenue included in this loss from discontinued
      operations is $151,616 from Cheapseats, Inc.





In
      November 2004 a series of transactions and agreements with two significant
      shareholders of the Company resulted in one of these shareholders assuming
      $1,250,000 of the Company’s bank debt. In exchange for this note assumption, the
      Company issued a $1,250,000 unsecured note payable to the shareholder that
      has a
      balance of $916,495 and $1,039,069 at February 28, 2006 and August 31, 2005,
      respectively. This note assumption transaction also provided for the Company
      to
      make a $400,000 loan to the shareholder which has a one-year term and is secured
      by approximately 1,100,000 shares of the Company’s common stock. The balance of
      this note receivable is $208,688 and $378,003 at February 28, 2006 and August
      31, 2005 respectively.





Jones
      Byrd & Attkisson, Inc. (“JBA”) has acted as placement agent for the
      Company’s Series A Preferred Stock and the 6.4% Senior Convertible Notes
      Payable. One of JBA’s principals is a director of the Company. In connection
      with such offerings, the Placement Agent received $7,500 in cash commissions
      and
      warrants to purchase 15,000 shares of the Company's Common Stock at cashless
      exercise prices of $1.00 during the six months ended February 28, 2006. JBA’s
      former CFO is an investor in the Company’s 6.4% Senior Convertible Notes and
      joined the Company as its Chief Operating Officer in September,
      2005.





One
      of
      the Company’s shareholders advanced funds in the form of an unsecured, non
      interest-bearing note to the Company for working capital purposes. As of
      February 28, 2006 and August 31, 2005, the amount due to the shareholder is
      $120,000. The Company is to repay the note with common stock at the rate of
      100,000 shares of common stock per $120,000 of advances. The Company is
      currently in default under the term of the note agreement and is the subject
      of
      litigation described in Note I.





**NOTE
      I - COMMITMENTS AND CONTINGENCIES**





Litigation





In
      April,
      2004, iGate, Inc. (“iGate”) filed a complaint against Gibralter Publishing, Inc.
      (“Gibralter”) and the Company in the U.S. District of the Eastern District of
      North Carolina, Southern Division, claiming that the Company was liable to
      iGate
      in the amount of approximately $725,000. iGate asserts that Gibralter owed
      this
      sum to iGate and by virtue of an alleged fraudulent conveyance, iGate asserts
      that a fraudulent conveyance occurred when Gibralter forgave $5,000,000 in
      liabilities of a wholly-owned subsidiary of the Company which were guaranteed
      by
      the Company in exchange for the Company's issuing to Gibralter shares of its
      Common Stock and warrants to purchase Common Stock. In May, 2004, default was
      entered against the Company. In November, 2004, the court vacated the default
      and granted the Company leave to answer to the complaint. The Company filed
      its
      answer and asserted affirmative defenses alleging absolute defenses to the
      claims of iGate. The Company believes it has meritorious defenses to iGate’s
      claim and intends to vigorously defend itself against the claim. During the
      three months ended February 28, 2006, the Company has accrued $250,000 as its
      estimated cost to defend or settle this matter. Management believes the ultimate
      outcome of this matter will not have a material adverse effect on the Company's
      consolidated financial position or results of operations.




-12-





Edward
      Arthur Bohn vs. Terrence Jude Leifheit; E-Commerce Support Center, Inc.;
      Gibralter Publishing, Inc; Global Demand Publishing, Inc.; Sky Investments
      of
      Jacksonville, Inc.; Jan Kaster and Market Central, Inc.





Edward
      Bohn filed a Complaint in June, 2005 to initiate the above-captioned action,
      and
      obtained a Temporary Restraining Order on the same day. Subsequently, Edward
      Bohn modified the Temporary Restraining Order to limit its effort against the
      Company, to enjoin the Company from issuing its stock to Terrence Jude Leifheit.
      Subsequently, an Amended Complaint was filed by Edward Bohn to dismiss all
      counts against the Company and ecom, except for injunctive relief relating
      to
      the issuance of the Company’s stock. The Company has no liabilities asserted
      against it either by Plaintiff or any of the Defendants. The Company believes
      it
      has meritorious defenses to the complaint and intends to vigorously defend
      itself against the claim (Note H).





In
      May,
      2005, the Company was notified by a software licensed monitoring group that
      it
      was not in compliance with certain computer software licensing agreements.
      The
      Company believes that it has meritorious defenses to the allegations and intends
      to vigorously defend itself against the claims. Management believes the ultimate
      outcome of this matter will not have a material adverse effect on the Company's
      consolidated financial position or results of operations.





The
      Company is subject to other legal proceedings and claims, which arise in the
      ordinary course of its business. Although occasional adverse decisions or
      settlements may occur, the Company believes that the final disposition of such
      matters should not have a material adverse effect on its financial position,
      results of operations or liquidity.





Securities
      Law Issue





The
      Company determined that the 6.4% Senior Convertible Notes and Warrants that
      the
      Company issued to investors may not have been exempt from the registration
      requirements under the Securities Act of 1933 or from the registration or
      qualification requirements under the securities laws of certain states.
      Consequently, the issuance of the Notes and Warrants may not have complied
      with
      the Securities Act of 1933 and the state securities laws of the states of
      Alabama, Georgia, Maryland, Mississippi, New Jersey, North Carolina, Ohio,
      South
      Carolina, Utah and Virginia. The Company may be subject to claims by federal
      and
      state regulators for any such violations. In addition, if any purchaser of
      the
      Company's Senior Convertible Notes were to prevail in a suit resulting from
      a
      violation of federal or applicable state securities laws, the Company could
      be
      liable to return the amount paid for such securities with interest thereon,
      less
      the amount of any income received thereon, upon tender of such securities,
      or
      for damages if the purchaser no longer owns the securities. As of the date
      of
      these financial statements, the Company is not aware of any alleged specific
      violation or the likelihood of any claim. There can be no assurance that
      litigation asserting such claims will not be initiated, or that the Company
      would prevail in any such litigation.





The
      Company is unable to predict the extent of its ultimate liability, if any,
      with
      respect to any and all future securities matters. The costs and other effects
      of
      any future litigation, government investigations, legal and administrative
      cases
      and proceedings, settlements, judgments and investigations, claims and changes
      in this matter could have a material adverse effect on the Company's financial
      condition and operating results.





**NOTE
      J - INTANGIBLE ASSETS**





The
      Company has adopted SFAS No. 142, Goodwill and Other Intangible Assets, whereby
      the Company periodically tests its intangible assets for impairment. On an
      annual basis, and when there is reason to suspect that their values have been
      diminished or impaired, these assets are tested for impairment, and write-downs
      will be included in results from operations. The estimate of fair value of
      the
      intangible assets acquired was based on management’s estimates.





Total
      identifiable intangible assets acquired and their carrying values at August
      31,
      2005 are:





Gross
                Carrying Amount
            
            Accumulated
                Amortization
            
            Net
                Carrying Amount
            
            Residual
                Value
            
            Weighted
                Average Amortization Period (Years)Amortized
                Identifiable Intangible Assets:Patents
            
            $
            97,218
            
            $
            (64,880
            )
            $
            32,338
            
            $
            —
            
            
            3.0Total
                Amortized Identifiable Intangible Assets
            
            $
            97,218
            
            $
            (64,880
            )
            $
            32,338
            
            $
            —
            
            
            3.0






-13-




On
      November 28, 2005, the Company entered into a transaction whereby, in exchange
      for 49% of Tigo Search, Inc. and $250,000 in cash, issuance of a promissory
      note
      in the amount of $100,000 (Note D) and 112,570 shares of the Company’s common
      stock, valued at $140,713 (Note F), the Find.com URL and certain other related
      intangible assets would be owned by the Company’s majority-owned subsidiary,
      Tigo Search, Inc. The
      Find.com URL acquired is determined to have an estimated useful life of five
      years. The Company will amortize the acquired intangible assets on a
      straight-line basis over the estimated useful lives of the assets.





Total
      identifiable intangible assets acquired and their carrying values at February
      28, 2006 are:





Gross
                Carrying Amount
            
            Accumulated
                Amortization
            
            Net
                Carrying Amount
            
            Residual
                Value
            
            Weighted
                Average Amortization Period (Years)Amortized
                Identifiable Intangible Assets:Patents
                and Trademarks
            
            $
            97,218
            
            $
            (80,990
            )
            $
            16,228
            
            $
            —
            
            
            3.0Domain
                name and other intangibles
            
            
            490,713
            
            
            (24,435
            )
            
            466,278
            
            
            —
            
            
            5.0Total
                Amortized Identifiable Intangible Assets
            
            $
            587,931
            
            $
            (105,425
            )
            $
            482,506
            
            $
            —





Estimated
      amortization expense as of February 28, 2006 is as follows:




2006
              
              $
              98,1432007
              
              
              98,1432008
              
              
              98,1432009
              
              
              98,1432010
                  and after
              
              
              89,934Total
              
              $
              482,506


**NOTE
      K - OTHER INCOME (EXPENSE)**





During
      the six months ended February 28, 2006 and 2005 other income (expense) totals
      $(91,536) and $235,661, respectively, which included other income of $50,000
      and
      $235,661 during the periods, respectively relating to the Company's settlement
      of vendor obligations for amounts less than originally agreed to. Due to the
      Company's financial condition during recent years, certain vendor obligations
      are in arrears and these vendors have agreed to accept reduced amounts to settle
      the debts than had been originally agreed to. During the six months ended
      February 28, 2006, income of $119,718 is included in other income related to
      the
      amortization of the $239,445 prepayment of interest on the related party note
      receivable (Note C). Anticipated legal expenses or the anticipated settlement
      costs relating to certain litigation of $250,000 is included in the three and
      six months ended February 28, 2006. Miscellaneous expenses of approximately
      $11,000 were included in these amounts for the six months ended February 28,
      2006.





**NOTE
      L - SUBSEQUENT EVENTS**





The
      Company completed an exchange offer related to its 6.4% Convertible Notes on
      March 30, 2006. This resulted in the Company exchanging $6,214,375 face amount
      of the existing notes for $4,971,500 of new 10% Convertible Notes. Subsequent
      to
      this exchange, holders of $3,932,997 of the new 10% Convertible Notes elected
      to
      convert their notes into 4,369,997 shares of the Company’s common stock. As of
      April 19, 2005, the Company has $169,575 and $1,038,503 of the 6.4% and the
      10%
      Convertible Notes, respectively, still outstanding. Additionally,
      holders of 3,122,812 warrants to purchase common stock tendered their Warrants
      and received 3,413,997 A Warrants and 3,080,000 B Warrants in exchange. The
      A
      Warrants are exercisable at $.85 per share of Scientigo Common Stock until
      August 27, 2006, and the B Warrants are exercisable at $1.00 per share of
      Scientigo Common Stock beginning March 31, 2007, and ending June 30, 2010.
      For
      each A Warrant that is exercised by a holder, one B Warrant terminates. Since
      February 28, 2006, the Company has received proceeds of $97,534 relating to
      the
      exercise of $.85 warrants, either A Warrants or those issued in August 2005
      with
      the Series A Preferred Stock conversion. The Company has received notification
      of warrant exercises that indicates an additional $453,230 will be received
      as a
      result of exercise of $.85 warrants during the next two weeks.





As
      a
      result of operating losses, continued demands on the Company’s liquid assets,
      and the extended time required to obtain approval from the SEC for the Company’s
      S-4 which dealt with the recently completed exchange offer, the company issued
      225,000 shares of common stock and 56,250 warrants with an exercise price of
      $1.25 to acquire the Company's common stock for two years in exchange for
      $180,000. In addition, two of the Company’s executive officers and one other
      officer have loaned the Company $125,000 for short-term working capital
      needs.





Certain
      employees and all the executive officers of the Company have not been paid
      or
      reimbursed for salaries totaling approximately $90,000 as of April 14, 2006.
      As
      a result of the non-payment of the salaries, t he
      Company is in default of its employment agreements with three of its four
      executive officers. These employment agreements provide the Company with a
      30
      day period to cure these defaults from the time the employee notifies the
      Company of its default.




-14-


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





**Overview**





Scientigo,
      Inc. (the "Company", formally changed its name from Market Central, Inc. in
      January 2006) has one wholly-owned subsidiary, Convey Systems International,
      Inc. and one majority-owned subsidiary, Tigo Software, Inc. The ecom
      subsidiary's activities have been reflected as discontinued operations in the
      accompanying financial statements. Convey Systems International, Inc. is
      essentially inactive at this time.





The
      Company's unaudited condensed consolidated financial statements are presented
      on
      a going-concern basis, which contemplates the realization of assets and
      satisfaction of liabilities in the normal course of business. As with any new
      venture, concerns must be considered in light of the normal problems, expenses
      and complications encountered by entrance into established markets and the
      competitive environment in which the Company operates. The unaudited condensed
      consolidated financial statements do not include, nor does management feel
      it
      necessary to include, any adjustments to reflect any possible future effects
      on
      the recoverability and classification of assets or the amounts and
      classification of liabilities that may result from the possible inability of
      the
      Company to continue as a going concern.





**COMPARISON
      OF THE THREE MONTHS ENDED FEBRUARY 28, 2006 TO THE THREE MONTHS ENDED FEBRUARY
      28, 2005**





Revenues
      from continuing operations for the three months ended February 28, 2006 and
      2005, respectively, were $40,933 and $5,014, respectively. The sales during
      2006
      are attributable to professional services that arose as a result of the
      Company’s Find.com asset. Sales during 2005 related to software products and the
      related sales of certain preliminary licenses and “proof of concept” work for
      clients. Increases or decreases from the prior period are not meaningful at
      this
      level of activity. Cost of sales during 2006 of $17,570 related directly to
      third-party vendors engaged in professional services work. The Company's focus
      on its Find.com asset and the exploitation of its intellectual property and
      related software products has just begun to provide revenue.





Operating
      expenses were $1,673,530 and $716,234 during the three-month periods ended
      February 28, 2006 and 2005, respectively. The increase in operating expenses
      from 2005 to 2005 is $957,296 or 133% over the prior year period, and relates
      to
      growth in expenses in several areas which is consistent with the Company’s
      increased activities related to commercialization of its products, intellectual
      property and acquisition of Find.com. Specifically, increases in salaries and
      related personnel costs from $299,859 to $640,272 from 2005 to 2006 accounts
      for
      $340,413 or 35% of the growth in operating expenses since the prior year. This
      growth is attributable to increases in management and marketing personnel,
      field
      engineers and additional development staff needed to exploit the Company’s new
      Find.com asset and expanded development efforts related to the Company’s
      software products. Legal expenses increased from $159,098 in 2005 to $405,078
      in
      2006. This increase of $245,980 is 26% of the increase in operating expenses
      and
      is attributable primarily to significant legal work related to the Company's registration
      statements on Form S-4/SB-2 .
      Growth
      in expenses related to business and sales consultants and outsourced software
      development efforts grew from $41,000 in the 2005 period to $205,400 in 2006,
      this growth of $164,400 represents 17% of the total growth in operating
      expenses. Growth in administrative costs relating to investor and public
      relations, director and officers insurance, director compensation and related
      costs was from $43,200 in 2005 to $184,381 in 2006. This increase of $141,181
      from 2005 to 2006 is 15% of the increase in operating expenses from the prior
      year’s quarter.





Depreciation
      and amortization were $38,937 and $11,432 for the three month periods ended
      February 28, 2006 and 2005, respectively. This expense includes $8,010 of
      amortization expenses related to the Company's patent portfolio during both
      periods shown and $24,536 related to amortization of the Company’s Find.com URL.





Interest
      expense increased significantly from $16,946 to $837,635 during the three months
      ended February 28, 2005 and 2006, respectively. This increase of $820,689 is
      attributable primarily to the Company's 6.4% Convertible Notes. Interest paid
      on
      these notes was $102,143 and $-0- for the three months ended February 28, 2006
      and 2005, respectively. The conversion price of these 6.4% Convertible Notes
      and
      warrants issued with the Notes resulted in a discount due to beneficial
      conversion which resulted in an interest charge of $719,427 and $-0- being
      expensed in the three months ended February 28, 2006 and 2005,
      respectively.




-15-





Other
      income (expense) was $(151,397) and $235,661 for the three months ended February
      28, 2006 and 2005, respectively. In 2006, other income (expense) includes
      primarily $250,000 of expense related to anticipated costs of litigation or
      settlement of the iGate litigation and $59,861 of income related entirely to
      the
      amortization of the loan discount and related interest on the $400,000 loan
      to a
      shareholder over the one-year life of the loan. Also included in 2006 is $50,000
      related to Company's settlement of vendor obligations for amounts less than
      originally agreed to. Due to the Company's financial condition during recent
      years, certain vendor obligations are in arrears and these vendors have agreed
      to accept reduced amounts to settle the debts than had been originally agreed
      to. Other income of $235,661 recognized during the three months ended February
      28, 2005 also relates to the Company's settlement of vendor obligations for
      amounts less than originally agreed to.





**COMPARISON
      OF THE SIX MONTHS ENDED FEBRUARY 28, 2006 TO THE SIX MONTHS ENDED FEBRUARY
      28,
      2005**





Revenues
      from continuing operations for the six months ended February 28, 2006 and 2005,
      respectively, were $42,250 and $6,784, respectively. The sales during 2006
      are
      attributable to professional services that arose as a result of the Company’s
      Find.com asset. Sales during 2005 related to software products and the related
      sales of certain preliminary licenses and “proof of concept” work for clients.
      Cost of sales during 2006 of $17,570 related directly to third-party vendors
      engaged in professional services work. The Company's focus on its Find.com
      asset
      and the exploitation of its intellectual property and related software products
      has just begun to provide revenue.





Operating
      expenses were $3,225,162 and $1,614,891 during the six-month periods ended
      February 28, 2006 and 2005, respectively. The increase in operating expenses
      from 2005 to 2006 is $1,610,271, or 99% over the prior year period, and relates
      to growth in expenses in several areas which is consistent with the Company’s
      increased activities related to commercialization of its products, intellectual
      property and acquisition of Find.com. Specifically, increases in salaries and
      related personnel costs from $557,861 to $1,253,699 from 2005 to 2006 accounts
      for $695,838 or 43% of the growth in operating expenses since the prior year.
      This growth is attributable to increases in management and marketing personnel,
      field engineers and additional development staff needed to exploit the Company’s
      new Find.com asset and expanded development efforts related to the Company’s
      software products. Legal expenses increased from $279,386 in 2005 to $890,010
      in
      2006. This increase of $610,624 is 38% of the increase in operating expenses
      and
      is attributable primarily to significant legal work related to the Company's registration
      statements on Form S-4/SB-2 and intellectual property related
      services .
      Growth
      in expenses related to business and sales consultants and outsourced software
      development efforts grew from $79,300 amount in the 2005 period to $302,200
      in
      2006. Growth in administrative costs relating to investor and public relations,
      director and officers insurance, director compensation and related costs was
      from $91,500 in 2005 to $281,238 in 2006. This increase of $189,738 from 2005
      to
      2006 is 6% of the increase in operating expenses from the prior year’s
      quarter.





Depreciation
      and amortization were $55,965 and $22,863 for the six-month periods ended
      February 28, 2006 and 2005, respectively. This expense includes $16,220 of
      amortization expenses related to the Company's patent portfolio during both
      periods shown and $24,536 related to amortization of the Company’s Find.com URL.





Interest
      expense increased significantly from $44,499 to $1,916,139 during the six months
      ended February 28, 2006 compared to the six months ended February 28, 2005.
      This
      increase of $1,871,640 is attributable to the Company's 6.4% Convertible Notes.
      Interest paid on these notes was $206,928 and $-0- for the six months ended
      February 28, 2006 and 2005, respectively. These notes were sold at a 20%
      discount from face value, which due to the terms permitting the holders to
      convert these notes into common stock immediately, results in the entire
      discount of $37,500 for sales during the six months ended February 28, 2006
      being expensed as interest expense. In addition, the conversion price and the
      warrants issued with the Notes resulted in a discount due to beneficial
      conversion which resulted in an interest charge of $1,457,711 and $-0- being
      expensed in the six months ended February 28, 2006 and 2005, respectively.
      During the six months ended February 28, 2006, the write-off of the unamortized
      debt discount relating to the conversion of $250,000 in convertible notes
      resulted in an additional $179,147 charge to interest expense.




-16-




Other
      income (expense) was $(91,536) and $235,661 for the six months ended February
      28, 2006 and 2005, respectively. In 2006, other income (expense) includes
      primarily $250,000 of expense related to anticipated costs of litigation or
      settlement of the iGate litigation and $119,722 of income related entirely
      to
      the amortization of the loan discount and related interest on the $400,000
      loan
      to a shareholder over the one-year life of the loan. Also included in 2006
      is
      $50,000 related to Company's settlement of vendor obligations for amounts less
      than originally agreed to. Due to the Company's financial condition during
      recent years, certain vendor obligations are in arrears and these vendors have
      agreed to accept reduced amounts to settle the debts than had been originally
      agreed to. Other income of $235,661 recognized during the six months ended
      February 28, 2005 also relates to the Company's settlement of vendor obligations
      for amounts less than originally agreed to.





**LIQUIDITY
      AND CAPITAL RESOURCES**





The
      Company is not currently generating positive cash flow and has been able to
      obtain only enough capital to pay critical operating costs for the last two
      months. Despite these factors, the Company believes that plans are in place
      and
      a revised capital structure exists that will provide the foundation to stabilize
      the current situation and provide capital to continue the development of the
      Company’s products, commercialize Find.com and progress with the intellectual
      property opportunities. The events described in the Subsequent Events footnote
      to the financial statements (Note L) describe the changes to the Company’s
      capital structure, the steps taken to attract additional capital and some
      interim steps that have been necessary to raise capital in anticipation of
      the
      exercise of the $.85 warrants that were issued with the new 10% notes at March
      30, 2006. The Company’s existing $.85 warrants which were issued in conjunction
      with the conversion of its Series A Preferred shares in August 2005 are expected
      to generate additional capital through exercise once the current SB-2 is
      declared effective by the SEC. Exercise of these warrants cannot be assured,
      but
      the Company expects that these will be the primary source of its capital needs
      in the future. In addition, the Company’s Find.com asset may provide a separate
      source of funding to the Company through a private or public placement of the
      Company’s or this subsidiary’s stock. During the six months ended February 28,
      2006, the Company’s cash declined $2,124,029 to zero primarily as a result of
      operating losses and the $250,000 payment made in conjunction with the Find.com
      acquisition. During the six month period, warrants totaling $378,722 were
      exercised by their holders. Subsequent to February 28, 2006, the Company has
      received warrant exercises of $97,534 related the $.85 warrants discussed above.





The
      Company's principal cash requirements are for selling, general and
      administrative expenses, employee costs and capital expenditures. Cash used
      in
      operating activities was $2,434,615 for the six months ended February 28, 2006.
      This primarily was as a result of operating losses, caused by the revenue levels
      that are at less than a breakeven volume. A significant financing, increased
      revenues or cost cutting which will necessitate an alteration in the Company’s
      strategic plans will be required in the immediate future. The Company invested
      cash of $358,163 in the Find.com URL purchase and computers and furniture during
      this period. The Company met its cash requirements during the six months ended
      February 28, 2006 mainly through the use of its cash on hand, receipt of
      $378,722 in warrants and options proceeds, $150,000 in proceeds, net of costs
      and fees, from its sale of 6.4% Convertible Notes, $93,287 in note proceeds
      from
      Lion Development, LLC. and $46,741 of note collections, net of note repayments,
      to a related party. ******





While
      the
      Company has continued to raise capital to meet its working capital requirements,
      additional financing is required in order to meet future needs. The Company
      can
      not be certain that additional capital can be attracted or that it will be
      available, but these or similar circumstances have been encountered by the
      Company before and it has successfully raised capital. Future offerings, if
      successful in raising the funds, may be dilutive to existing shareholders who
      do
      not participate (pro rata) in these offerings.




Management
      believes it has sufficient capital resources or plans in place to attract
      capital to meet projected cash flow deficits. However, if we are not successful
      in generating sufficient liquidity from operations or in raising sufficient
      capital resources, on terms acceptable to us, this could have a material adverse
      effect on our business, results of operations liquidity and financial
      condition.





**INFLATION**





In
      the
      opinion of management, inflation has not had a material effect on the operations
      of the Company.





**Off-Balance
      Sheet Arrangements**





We
      do not
      have any off-balance sheet arrangements.




-17-


**DISCLOSURE
      REGARDING FORWARD LOOKING STATEMENTS**





Certain
      statements made in this report, and other written or oral statements made by
      or
      on behalf of the Company, may constitute "forward-looking statements" under
      the
      Private Securities Litigation Reform Act of 1995. When used in this report,
      the
      words "believes," "expects," "estimates," "intends," "will" and similar
      expressions are intended to identify forward-looking statements. Statements
      regarding future events and developments and our future performance, as well
      as
      the Company's expectations, beliefs, plans, intentions, estimates or projections
      relating to the future, are forward-looking statements within the meaning of
      these laws. Examples of such statements in this report include the Company's
      current plans for improving liquidity and its future acquisition plans.
      Forward-looking statements involve risks and uncertainties that could cause
      actual results to differ materially from those expressed in or implied by the
      statements, including, but not limited to, the ability of the Company to provide
      for its debt obligations and to provide for working capital needs from operating
      revenue; general economic conditions; the ability to integrate acquisitions
      successfully and without disruptions to normal operations; and other risks
      detailed in the Company's periodic report filings with the Securities and
      Exchange Commission. The Company believes that these forward-looking statements
      are reasonable; however, investors should not place undue reliance on such
      statements. These statements are based on current expectations and speak only
      as
      of the date of such statements. The Company undertakes no obligation to publicly
      update or revise any forward-looking statement, whether as a result of future
      events, new information or otherwise.





**ITEM
      3. CONTROLS AND PROCEDURES**





Evaluation
      of Disclosure Controls and Procedures: As of February 28, 2006, the Company's
      management carried out an evaluation, under the supervision of the Company's
      Chief Executive Officer, and the Chief Financial Officer, of the effectiveness
      of the design and operation of the Company's system of disclosure controls
      and
      procedures pursuant to the Securities and Exchange Act, Rule 13a-15(e) and
      15d-15(e) under the Exchange Act). Based upon that evaluation, the Chief
      Executive Officer and Chief Financial Officer concluded that the Company's
      disclosure controls and procedures were effective, as of the date of their
      evaluation, to
      ensure
      that information required to be disclosed in the reports that the Company files
      or submits under the Exchange Act is recorded, processed, summarized and
      reported, within the time periods specified in the Securities and Exchange
      Commission's reports that the Company files under the Exchange Act is
      accumulated and communicated to the Company's management, including the
      Company's principal executive and financial officers, as appropriate to allow
      timely decisions regarding required disclosure.


Changes
      in internal controls: There were no changes in internal controls over financial
      reporting that occurred during the period covered by this report that has
      materially affected, or is likely to materially affect, the Company's internal
      control over financial reporting.




-18-





**PART
      II**





**ITEM
      1. LEGAL PROCEEDINGS**





None





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




Since
      November 30, 2005, we issued the following unregistered shares:





·
            3,495
                shares of common stock issued upon the exercise of warrants issued
                in
                conjunction with the Series A Preferred Stock exchange offer described
                above. Such restricted shares were issued pursuant to Section 4 (2)
                of the
                Securities Act.


·
            12,996
                shares of common stock issued to a creditor of a company officer
                (constituting compensation to the officer). Such restricted shares
                were
                issued pursuant to Section 4 (2) of the Securities
                Act.





(b)
            None





(c)
            The
                following table provides information about purchases by us and our
                affiliated purchasers during the quarter ended February 28, 2006
                of equity
                securities that are registered by us pursuant to Section 12 of the
                Securities Exchange Act of 1934:





ISSUER
      PURCHASES OF EQUITY SECURITIES


Period
            
            (a)
            
            (b)
            
            (c)
            
            (d)Total
                Number of Shares
              (or
                Units)
            
            Maximum
                Number
              (or
                Approximate Dollar Value)Purchased
                as Part of
            
            of
                Shares (or Units)Total
                  Number ofShares (or Units)
            
            Average
                  PricePaid per Share
            
            Publicly
                Announced
              Plans
                or
            
            that
                May Yet Be
              Purchased
                Under thePurchased)
            
            (or
                Unit)
            
            Programs
                (1)
            
            Plans
                or Programs (1)9/01/05-9/30/05
            
            
            0
            
            $
            0
            
            
            0
            
            
            010/01/05-10/31/05
            
            
            0
            
            $
            0
            
            
            0
            
            
            011/01/05-11/30/05
            
            
            0
            
            $
            0
            
            
            0
            
            
            0







-19-


**ITEM
      3. DEFAULTS UPON SENIOR SECURITIES**





None





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





(a)
            An
                annual meeting of the Company's shareholders was convened on January
                19,
                2006 and business was completed and the meeting adjourned on February
                3,
                2006.




(b)
              No
                  director elections were included in the business of the
                  meeting.
 (c)
                Matters
                    voted on at the meeting were as
                    follows:
  **Proposal
            1: Ratification of the appointment of Russell Bedford Stefanou Mirchandani
            LLP
            ("RBSM") as the Company's independent public accountants for the fiscal
            year
            ending August 31, 2005**
  For
                    7,565,380Against
                    11,349Abstained
                    59
  **Proposal
                2: Ratification of an increase in the number of shares of Common
                Stock available
                in the Market Central, In. 2003 Amended and Restated Stock Plan by
                7,000,000 additional shares**
  For
                        7,534,323Against
                        42,464Abstained
                        1
  **Proposal
                    3: Ratification of the change of Company name to "Scientigo,
                    Inc."**
  For
                            7,574,475Against
                            2,000Abstained
                            313


**ITEM
      5. OTHER INFORMATION**





None





**ITEM
      6. EXHIBITS**





(a)
            Exhibits





31.1
            Certification
                of Doyal G. Bryant pursuant to Section 302 of the Sarbanes-Oxley
                Act of
                2002 (filed herewith).





31.2
            Certification
                of Clifford A. Clark pursuant to Section 302 of the Sarbanes-Oxley
                Act of
                2002 (filed herewith).





32.1
            Certification
                of Doyal G. Bryant pursuant to Section 906 of the Sarbanes-Oxley
                Act of
                2002 (filed herewith).





32.2
            Certification
                of Clifford A. Clark pursuant to Section 906 of the Sarbanes-Oxley
                Act of
                2002 (filed herewith).







-20-




**SIGNATURES**





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




**MARKET
              CENTRAL, INC.**Date: 
April
              19, 2006
            By:
            /s/ Doyal
              G.
              BryantName:  
                Doyal G. Bryant
              Title:    
                President and Chief Executive
                Officer




Date: 
April
              19, 2006
            By:
            /s/ Clifford
              A. ClarkName:  
                Clifford A. Clark
              Title:    
                Chief Financial Officer






-21-