**U.S.
        SECURITIES AND EXCHANGE COMMISSION**
 **Washington,
        D.C. 20549**
 _______________
  **FORM
        10-QSB**
 _______________
  **x**
              **QUARTERLY
                  REPORT PURSUANT TO
                  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                  1934**
  **For
        the quarterly period ended September 30, 2007**
   **o**
              **TRANSITION
                  REPORT PURSUANT TO
                  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                  1934**
  **For
        the transition period from _____________**
  **Commission
        File No.**
 _______________
  **INTERNATIONAL
        MERGERS AND ACQUISITIONS CORP.**
 **(Exact
        name of small business issuer as specified in its charter)**
 _______________
  **Florida**
              **65-0968841**(State
                  or other jurisdiction of
                incorporation
                  or organization)
              (I.R.S.
                  Employer Identification No.)
  **1835
        Seneca Blvd**
 **Winter
        Springs, FL 32708**
 (Address
        of principal executive offices)(Zip Code)
  **407-341-5498**
 (Registrant’s
        telephone no., including area code
  (Former
        name, address and fiscal year, if changed since last report)
  Check
        whether the issuer (1) has filed all reports required to be filed by Section
        13
        or 15(d) of the Exchange Act during the preceding 12 months (or for such
        shorter
        period that the issuer was required to file such reports), and (2)has been
        subject to such filing requirements for the past 90 days. Yes x  No
        o
  Indicate
        by check mark whether the registrant is a shell company as defined in Rule
        12b-2
        of the Exchange Act.
 Yes
x  No
        o
  State
        the
        number of shares outstanding of each of the issuer’s classes of common equity,
        as of November 12, 2007: 9,000,000 shares of common stock.
    
   **INTERNATIONAL
        MERGERS AND ACQUISITIONS CORP.**
  **FINANCIAL
        STATEMENTS**
  **INDEX**
  **Part
          I-- FINANCIAL INFORMATION**
 
 Item
                    1.
                Financial
                    StatementsItem
                    2.
                Management’s
                    Discussion and Analysis of Financial ConditionItem
                    3.
                Control
                    and Procedures
  **Part
          II-- OTHER INFORMATION**
 
 Item
                    1.
                Legal
                    ProceedingsItem
                    2.
                Changes
                    in SecuritiesItem
                    3.
                Defaults
                    Upon Senior SecuritiesItem
                    4.
                Submission
                    of Matters to a Vote of Security HoldersItem
                    5.
                Other
                    InformationItem
                    6.
                Exhibits
                    and Reports on Form 8-K
  **SIGNATURE**
  **Item
        1.**    **Financial
        Information**
  BASIS
        OF
        PRESENTATION
  The
        accompanying reviewed financial statements are presented in accordance with
        generally accepted accounting principles for interim financial information
        and
        the instructions to Form 10-QSB and item 310 under subpart A of Regulation
        S-B.
        Accordingly, they do not include all of the information and footnotes required
        by generally accepted accounting principles for complete financial statements.
        In the opinion of management, all adjustments (consisting only of normal
        occurring accruals) considered necessary in order to make the financial
        statements not misleading, have been included. Operating results for the
        nine
        months ended September 30, 2007 are not necessarily indicative of results
        that
        may be expected for the year ending December 31, 2007. The financial statements
        are presented on the accrual basis.







**INTERNATIONAL
        MERGERS AND ACQUISITIONS CORP. (f/k/a CAPITAL VENTUES GROUP III,
        INC.)**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 
 
 
 **CONTENTS**
 
 
 PAGE
              2
              CONDENSED
                  BALANCE SHEET AS OF SEPTEMBER 30, 2007 (UNAUDITED)PAGE
              3
              CONDENSED
                  STATEMENTS OF OPERATIONS FOR THE THREE AND NINE  MONTHS ENDED
                  SEPTEMBER 30, 2007 AND 2006 AND FOR THE PERIOD FROM DECEMBER 17,
                  1999
                  (INCEPTION) TO SEPTEMBER 30, 2007 (UNAUDITED)PAGE
              4
              CONDENSED
                  STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30,
                  2007 AND
                  2006 AND FOR THE PERIOD FROM DECEMBER 19, 1999 (INCEPTION) TO SEPTEMBER
                  30, 2007 (UNAUDITED)PAGES
              5
                  -
                  9
              NOTES
                  TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
   1
   **INTERNATIONAL
                    MERGERS & ACQUISITIONS CORP.****(F/K/A
                    Capital Ventures Group III, Inc.****(A
                    Development Stage Company)****BALANCE
                    SHEET****AS
                    OF SEPTEMBER 30, 2007****(UNUAUDITED)****ASSETS**CURRENT
                    ASSETSCash
                
                $
                46,893**TOTAL
                    ASSETS**
                
                $
                46,893**LIABILITIES
                    AND STOCKHOLDERS' EQUITY**CURRENT
                    LIABILITIESAccounts
                    payable
                
                $
                1,702Accrued
                    Expenses
                
                
                23,000TOTAL
                    CURRENT LIABILITIES
                
                
                24,702STOCKHOLDERS'
                    EQUITYPreferred
                    stock, $0.001 par value, 10,000,000 shares authorized,0
                    shares issued and outstanding
                
                
                -Common
                    stock, $0.001 par value, 100,000,000 shares authorized,9,000,000
                    issued and outstanding
                
                
                9,000Additional
                    paid-in capital
                
                
                514,145Stock
                    Subscription Receivable
                
                
                (33,300
                )Deferred
                    Stock Compensation
                
                
                (356,932
                )Accumulated
                    deficit during development stage
                
                
                (110,722
                )TOTAL
                    STOCKHOLDERS' EQUITY
                
                
                22,191**TOTAL
                    LIABILITIES AND STOCKHOLDERS' EQUITY**
                
                $
                46,893
  The
        accompanying notes are an integral part of these financial
        statements.
   2
   **INTERNATIONAL
                    MERGERS & ACQUISITIONS CORP.****(F/K/A
                    Capital Ventures Group III, Inc.****(A
                    Development Stage Company)****(Unaudited)****For
                    the Three Month Ended**
                
                
                **Nine
                    Months Ended**
                
                
                **For
                    the Period from December 17, 1999****September
                    30,**
                
                
                **September
                    30,**
                
                
                **(Inception)
                    to****2007**
                
                
                **2006**
                
                
                **2007**
                
                
                **2006**
                
                
                **September
                    30, 2007****Operating
                    Expenses**Consulting
                    expense
                
                $
                49,890
                
                
                $
                -
                
                
                $
                49,890
                
                
                $
                -
                
                
                $
                49,890Professional
                    fees
                
                
                34,818
                
                
                
                
                
                
                
                34,818
                
                
                
                
                
                
                $
                41,788Salary
                    expense
                
                
                12,446
                
                
                
                
                
                
                
                12,446
                
                
                
                
                
                
                
                12,446General
                    and administrative
                
                
                4,998
                
                
                
                -
                
                
                
                5,148
                
                
                
                150
                
                
                
                6,598**Total
                    Operating Expenses**
                
                
                102,152
                
                
                
                -
                
                
                
                102,302
                
                
                
                150
                
                
                
                110,722**Loss
                    from Operations**
                
                
                (102,152
                )
                
                
                -
                
                
                
                (102,302
                )
                
                
                (150
                )
                
                
                (110,722
                )**Other
                    Expense**Interest
                    Expense
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -**Provision
                    for Income  Taxes**
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -**Net
                    Loss**
                
                **$**
                **(102,152**
                **)**
                
                **$**
                **-**
                
                
                **$**
                **(102,302**
                **)**
                
                **$**
                **(150**
                **)**
                
                **$**
                **(110,722**
                **)****Net
                    Loss Per Share  - Basic and Diluted**
                
                **$**
                **(0.01**
                **)**
                
                **$**
                **-**
                
                
                **$**
                **(0.03**
                **)**
                
                **$**
                **-****Weighted
                    average number of shares outstanding****during
                    the period - basic and diluted**
                
                ****
                **8,680,354**
                
                
                ****
                **1,000,000**
                
                
                ****
                **3,588,251**
                
                
                ****
                **1,000,000**
   The
          accompanying notes are an integral part of these financial
          statements.
   3
  **INTERNATIONAL
                    MERGERS & ACQUISITIONS CORP.****(F/K/A
                    Capital Ventures Group III, Inc.****(A
                    Development Stage Company)****Condensed
                    Statements of Cash Flows****(Unaudited)****For
                    the Period from December 17, 1999****For
                    the Nine Months Ended September 30,**
                
                
                **(Inception)
                    to****2007**
                
                
                **2006**
                
                
                **September
                    30, 2007****Cash
                    Flows From Operating Activities:**Net
                    Loss
                
                $
                (102,302
                )
                
                $
                (150
                )
                
                $
                (110,722
                )Adjustments
                    to reconcile net loss to net cash used in operationsIn-kind
                    contribution
                
                
                150
                
                
                
                150
                
                
                
                7,570Non
                    cash stock compensation
                
                
                49,890
                
                
                
                -
                
                
                
                49,890Changes
                    in operating assets and liabilities:Increase
                    in accrued expenses
                
                
                23,000
                
                
                
                -
                
                
                
                23,000Increase
                    in accounts payable
                
                
                1,702
                
                
                
                -
                
                
                
                1,702**Net
                    Cash Provided by (Used In) Operating Activities**
                
                ****
                **(27,560**
                **)**
                
                ****
                **-**
                
                
                ****
                **(28,560**
                **)****Cash
                    Flows From Financing Activities:**Proceeds
                    from issuance of common stock
                
                
                74,453
                
                
                
                -
                
                
                
                75,453**Net
                    Cash Provided by Financing Activities**
                
                ****
                **74,453**
                
                
                ****
                **-**
                
                
                ****
                **75,453****Net
                    Increase (Decrease) in Cash**
                
                
                46,893
                
                
                
                -
                
                
                
                46,893Cash
                    at Beginning of Period/Year
                
                
                -
                
                
                
                -
                
                
                
                -**Cash
                    at End of Period/Year**
                
                **$**
                **46,893**
                
                
                **$**
                **-**
                
                
                **$**
                **46,893****Supplemental
                    disclosure of cash flow information:**Cash
                    paid for interest
                
                $
                -
                
                
                $
                -
                
                
                $
                -Cash
                    paid for taxes
                
                $
                -
                
                
                $
                -
                
                
                $
                -
  The
          accompanying notes are an integral part of these financial
          statements.
   4
 **INTERNATIONAL
          MERGERS AND ACQUISITIONS CORP.**
 **(f/k/a
          CAPITAL VENTUES GROUP III, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **AS
          OF SEPTEMBER 30, 2007**
 **(UNAUDITED)**
 **NOTE
                  1**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES AND
                  ORGANIZATION**
 
 ***(A)
        Basis of Presentation***
 
 The
        accompanying unaudited condensed financial statements have been prepared
        in
        accordance with accounting principles generally accepted in The United States
        of
        America and the rules and regulations of the Securities and Exchange Commission
        for interim financial information.  Accordingly, they do not include
        all the information necessary for a comprehensive presentation of financial
        position and results of operations.
 
 It
        is
        management's opinion, however that all material adjustments (consisting of
        normal recurring adjustments) have been made which are necessary for a fair
        financial statements presentation.  The results for the interim period
        are not necessarily indicative of the results to be expected for the
        year.
 
 Activities
        during the development stage include developing the business plan and raising
        capital.
 
 ***(B)
        Cash and Cash Equivalents***
 
 For
        purposes of the cash flow statements, the Company considers all highly liquid
        investments with original maturities of three months or less at the time
        of
        purchase to be cash equivalents.
 
 ***(C)
        Use of Estimates***
 
 In
        preparing financial statements in conformity with generally accepted accounting
        principles, management is required to make estimates and assumptions that
        affect
        the reported amounts of assets and liabilities and the disclosure of contingent
        assets and liabilities at the date of the financial statements and revenues
        and
        expenses during the reported period.  Actual results could differ from
        those estimates.
 
 ***(D)
        Loss Per Share***
 
 Basic
        and
        diluted net loss per common share is computed based upon the weighted average
        common shares outstanding as defined by Financial Accounting Standards No.
        128,
“Earnings per Share.” As of September 30, 2007 and 2006 there were no common
        share equivalents outstanding.
 
 
 5
 **INTERNATIONAL
          MERGERS AND ACQUISITIONS CORP.**
 **(f/k/a
          CAPITAL VENTUES GROUP III, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **AS
          OF SEPTEMBER 30, 2007**
 **(UNAUDITED)**
 
 ***(E)
        Income Taxes***
 
 The
        Company accounts for income taxes under the Statement of Financial Accounting
        Standards No. 109, “Accounting for Income Taxes” (“Statement
        109”).  Under Statement 109, deferred tax assets and liabilities are
        recognized for the future tax consequences attributable to differences between
        the financial statement carrying amounts of existing assets and liabilities
        and
        their respective tax bases.  Deferred tax assets and liabilities are
        measured using enacted tax rates expected to apply to taxable income in the
        years in which those temporary differences are expected to be recovered or
        settled.  Under Statement 109, the effect on deferred tax assets and
        liabilities of a change in tax rates is recognized in income in the period
        that
        includes the enactment date.
 
 ***(F)
        Business Segments***
 
 The
        Company operates in one segment and therefore segment information is not
        presented.
 
 ***(G)
        Recent Accounting Pronouncements***
 
  In
        September 2006, the FASB issued SFAS No. 157 (“SFAS 157”), *“Fair Value
        Measurements.”* SFAS 157 clarifies the principle that fair value should be
        based on the assumptions that market participants would use when pricing
        an
        asset or liability. Additionally, it establishes a fair value hierarchy that
        prioritizes the information used to develop those assumptions. SFAS 157 is
        effective for financial statements issued for fiscal years beginning after
        November 15, 2007. The Company does not expect the adoption of SFAS 157 to
        have
        a material impact on their financial position, results of operations or cash
        flows.
  In
        February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
        No.
        159, “*The Fair Value Option for Financial Assets and Financial Liabilities
–
Including an Amendment of FASB Statement No. 115*”.  This
        statement permits entities to choose to measure many financial instruments
        and
        certain other items at fair value. Most of the provisions of SFAS No. 159
        apply
        only to entities that elect the fair value option. However, the amendment
        to
        SFAS No. 115 “*Accounting for Certain Investments in Debt and Equity
        Securities*” applies to all entities with available-for-sale and trading
        securities. SFAS No. 159 is effective as of the beginning of an entity’s first
        fiscal year that begins after November 15, 2007. Early adoption is permitted
        as
        of the beginning of a fiscal year that begins on or before November 15, 2007,
        provided the entity also elects to apply the provision of SFAS No. 157,
“*Fair Value Measurements”.* The adoption of this statement is not
        expected to have a material effect on the Company's financial
        statements.
   6
 **INTERNATIONAL
          MERGERS AND ACQUISITIONS CORP.**
 **(f/k/a
          CAPITAL VENTUES GROUP III, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **AS
          OF SEPTEMBER 30, 2007**
 **(UNAUDITED)**
  
 **NOTE
                  2**
              **STOCKHOLDERS’
                  DEFICIENCY**
 
 ***(A)
        Amendment to Articles of Incorporation***
 
 During
        June 2007, the Company amended its Articles of Incorporation to change its
        name from
        Capital Ventures Group III, Inc. to International Mergers & Acquisitions
        Corp. and change the capital structure to****reflect
        100,000,000 common and 10,000,000 blank check preferred shares with a par
        value
        of $0.001.  The financial statements have been retroactively adjusted
        to reflect the changes.
 
 ***(B)
        Contribution of Common Stock***
 
 During
        June 2007, the principal stockholder contributed 122,500 shares of common
        stock
        to the Company for no consideration.  The shares were cancelled by the
        Company upon receipt.
 
 ***(C)
        Common Stock Issued for Cash***
 
 On
        December 17, 1999, the Company issued 1,000,000 shares of common stock to
        its
        founders for cash of $1,000 ($0.001 per share).
 
 During
        July 2007, the Company issued 6,750,000 shares of common stock to four
        individuals for cash of $6,750 ($0.001 per share).
 
 During
        July 2007, the Company issued 270,000 shares of common stock to three
        individuals for cash of $99,900 ($0.37 per share).  As of September
        30, 2007, a subscription receivable of $33,300 remains uncollected.
 
 ***(D)
        In-Kind Contribution***
 
 For
        the
        period ended September 30, 2007 the stockholder of the Company paid $150
        of
        operating expenses on behalf of the Company (See Note 3).
 
 During
        2006, 2005, 2004, 2003, 2002, 2001, 2000 and 1999, the stockholder of the
        Company paid $150, $550, $150, $150, $150, $150, $150 and $5,970, respectively,
        of operating expenses on behalf of the Company
        (See Note 3).
 
 ***(E)
        Stock issued for Services***
 
 In
          July
          2007, the Company entered into advisory agreements with five individuals to
  provide assist with the due diligence, strategic planning,
          marketing, negotiation, and closing activities with a target company. The
          agreements call for the advisors to provide services for a period of two
          years.  In addition the Company sold the advisors 652,500 shares
          of common stock for cash proceeds of $653 and recorded the fair value of
          the
          common stock of $241,425. The fair value of the common stock will be recognized
          over the term of the agreements. For the period ended September 30, 2007,
          the
          Company has recognized consulting expense of $49,890 under the
          agreements.
    7
 **INTERNATIONAL
          MERGERS AND ACQUISITIONS CORP.**
 **(f/k/a
          CAPITAL VENTUES GROUP III, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **AS
          OF SEPTEMBER 30, 2007**
 **(UNAUDITED)**
    
 During
        June 2007, the Company issued 450,000 shares of common stock to its CEO under
        an
        employment agreement for cash of $450 and recorded the fair value of the
        common
        stock of $166,050.  The fair value of the common stock will be
        recognized over the term of the agreement.
 
 **NOTE
                  3**
              **COMMITMENTS
                  AND CONTINGINCIES**
 
 ***(A)
        Employment Agreement***
 
 On
        June
        28, 2007, the Company entered into an employment agreement with an individual
        to
        become the CEO.  The agreement calls for a monthly salary of $4,000
        and 450,000 shares of common stock that vest monthly over a two year
        period.  The employment agreement is at will and can be terminated
        immediately by the Company or the CEO with 60 days notice
 
 ***(B)
        Consulting Agreements***
 
 During
          July 2007, the Company entered into five separate advisory agreements with
          individuals to serve advisors to assist with the due diligence, strategic
          planning, marketing, negotiation, and closing activities with a target
          company.  The advisory agreements call for the issuance of a total of
          652,500 shares of common stock.  The shares vest monthly over a two
          year period and were valued at a recent cash offering price of $0.37 per
          share.
 
 During
        June 2007, the Company entered into a consulting agreement for strategic
        planning services for a period of twelve months for a monthly fee of
        $5,000.
 
 
 **NOTE
                  4**
              **RELATED
                  PARTY TRANSACTIONS**
 
 A
        stockholder of the Company paid $7,570 of expenses on behalf of the Company
        from
        inception (See Note 2).
    8
 **INTERNATIONAL
          MERGERS AND ACQUISITIONS CORP.**
 **(f/k/a
          CAPITAL VENTUES GROUP III, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **AS
          OF SEPTEMBER 30, 2007**
 **(UNAUDITED)**
 **NOTE
                  5**
              **GOING
                  CONCERN**
 
 As
        reflected in the accompanying unaudited financial statements, the Company
        is in
        the development stage with no operations.  This raises substantial
        doubt about its ability to continue as a going concern.  The ability
        of the Company to continue as a going concern is dependent on the Company’s
        ability to raise additional capital and implement its business
        plan.  The financial statements do not include any adjustments that
        might be necessary if the Company is unable to continue as a going
        concern.






9




**Item
        2.   Management’s Discussion and Analysis or Plan of
        Operation**
 
 We
          intend
          to enter into a business combination with a target company in exchange
          for cash
          and/or our securities. As of November 13, 2007, neither our officer and
          director
          nor any affiliate has engaged in any negotiations with any representative
          of any
          specific entity regarding the possibility of a business combination with
          us.
  Management
        anticipates seeking out a target company through solicitation. Such solicitation
        may include newspaper or magazine advertisements, mailings and other
        distributions to law firms, accounting firms, investment bankers, financial
        advisors and similar persons, the use of one or more World Wide Websites
        and
        similar methods. No estimate can be made as to the number of persons who
        will be
        contacted or solicited. Management may engage in such solicitation directly
        or
        may employ one or more other entities to conduct or assist in such solicitation.
        Management and its affiliates will pay referral fees to consultants and others
        who refer target businesses for mergers into public companies in which
        management and its affiliates have an interest. Payments are made if a business
        combination occurs, and may consist of cash or a portion of the stock in
        the
        Company retained by management and its affiliates, or both.
 
 Our
        Certificate of Incorporation provides that we may indemnify our officers
        and/or
        directors for liabilities, which can include liabilities arising under the
        securities laws. Therefore, our assets could be used or attached to satisfy
        any
        liabilities subject to such indemnification.
  Results
        of Operation
  We
          did
          not have any operating income from inception through September 30, 2007.
          From
          inception through the period ended September 30, 2007, we recognized a
          net loss
          from operations of $110,722. For the nine months ended September 30, 2007,
          we
          recognized a net loss from operations of $102,302. Expenses for the nine
          months
          were comprised of costs mainly associated with consulting, legal, accounting
          and
          office.
  Liquidity
        and Capital Resources
  At
        September 30, 2007, we had cash of $46,893. Therefore we have limited capital
        resources and will rely upon the issuance of common stock and additional
        capital
        contributions from shareholders to fund administrative expenses pending
        acquisition of an operating company. In the event such efforts are unsuccessful,
        contingent plans have been arranged to provide that our current director
        is to
        fund required future filings under the 1934 Act, and existing shareholders
        have
        expressed an interest in additional funding if necessary to continue as a
        going
        concern.
 
 We
        currently do not have enough cash to satisfy our minimum cash requirements
        for
        the next twelve months.   As reflected in the accompanying
        financial statements, we are in the development stage with limited operations.
        This raises substantial doubt about our ability to continue as a going concern.
        Our ability to continue as a going concern is dependent on our ability to
        raise
        additional capital. The financial statements do not include any adjustments
        that
        might be necessary if we are unable to continue as a going concern.
  Plan
        of Operation
  During
          the next twelve months, the Company will actively seek out and investigate
          possible business opportunities with the intent to acquire or merge with
          one or
          more business ventures. Because the Company has limited funds, it may be
          necessary for the sole officer and director to either advance funds to
          the
          Company or to accrue expenses until such time as a successful business
          consolidation can be made.
  The
        Company will not make it a condition that the target company must repay funds
        advanced by its officers and directors. Management intends to hold expenses
        to a
        minimum and to obtain services on a contingency basis when possible. However,
        if
        the Company engages outside advisors or consultants in its search for business
        opportunities, it may be necessary for the Company to attempt to raise
        additional funds. As of the date hereof, the Company has not made any
        arrangements or definitive agreements to use outside advisors or consultants
        or
        to raise any capital. In the event the Company does need to raise capital
        most
        likely the only method available to the Company would be the private sale
        of its
        securities.
    10
  Because
        of the nature of the Company as
        a development stage company, it is unlikely that it could make a public sale
        of
        securities or be able to borrow any significant sum from either a commercial
        or
        private lender. There can be no assurance that the Company will able to obtain
        additional funding when and if needed, or that such funding, if available,
        can
        be obtained on terms acceptable to the Company.
  The
        Company does not intend to use any employees, with the possible exception
        of
        part-time clerical assistance on an as-needed basis. Outside advisors or
        consultants will be used only if they can be obtained for minimal cost or
        on a
        deferred payment basis. Management is convinced that it will be able to operate
        in this manner and to continue its search for business opportunities during
        the
        next twelve months.
  Critical
        Accounting Policies
  The
        Company’s financial statements and related public financial information are
        based on the application of accounting principles generally accepted in the
        United States (“GAAP”). GAAP requires the use of estimates; assumptions,
        judgments and subjective interpretations of accounting principles that have
        an
        impact on the assets, liabilities, revenue and expense amounts reported.
        These
        estimates can also affect supplemental information contained in our external
        disclosures including information regarding contingencies, risk and financial
        condition. We believe our use if estimates and underlying accounting assumptions
        adhere to GAAP and are consistently and conservatively applied. We base our
        estimates on historical experience and on various other assumptions that
        we
        believe to be reasonable under the circumstances. Actual results may differ
        materially from these estimates under different assumptions or conditions.
        We
        continue to monitor significant estimates made during the preparation of
        our
        financial statements.
  Our
        significant accounting policies are summarized in Note 1 of our financial
        statements. While all these significant accounting policies impact its financial
        condition and results of operations, Equity Ventures views certain of these
        policies as critical. Policies determined to be critical are those policies
        that
        have the most significant impact on Equity Ventures’ consolidated financial
        statements and require management to use a greater degree of judgment and
        estimates. Actual results may differ from those estimates. Our management
        believes that given current facts and circumstances, it is unlikely that
        applying any other reasonable judgments or estimate methodologies would cause
        effect on our  results of operations, financial position or liquidity
        for the periods presented in this report.
  Recent
        Accounting Pronouncements
 
 In
        September 2006, the FASB issued SFAS No. 157, “*Fair Value
        Measurements*”. The objective of SFAS 157 is to increase consistency and
        comparability in fair value measurements and to expand disclosures about
        fair
        value measurements.  SFAS 157 defines fair value, establishes a
        framework for measuring fair value in generally accepted accounting principles,
        and expands disclosures about fair value measurements. SFAS 157 applies under
        other accounting pronouncements that require or permit fair value measurements
        and does not require any new fair value measurements. The provisions of SFAS
        No.
        157 are effective for fair value measurements made in fiscal years beginning
        after November 15, 2007.  The adoption of this statement is not
        expected to have a material effect on the Company's future reported financial
        position or results of operations.
  In
        February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
        No.
        159, “*The Fair Value Option for Financial Assets and Financial Liabilities
–
Including an Amendment of FASB Statement No. 115*”.  This
        statement permits entities to choose to measure many financial instruments
        and
        certain other items at fair value. Most of the provisions of SFAS No. 159
        apply
        only to entities that elect the fair value option. However, the amendment
        to
        SFAS No. 115 “*Accounting for Certain Investments in Debt and Equity
        Securities*” applies to all entities with available-for-sale and trading
        securities. SFAS No. 159 is effective as of the beginning of an entity’s first
        fiscal year that begins after November 15, 2007. Early adoption is permitted
        as
        of the beginning of a fiscal year that begins on or before November 15, 2007,
        provided the entity also elects to apply the provision of SFAS No. 157,
“*Fair Value Measurements”.* The adoption of this statement is not
        expected to have a material effect on the Company's financial
        statements.
  Off
        Balance Sheet Transactions
  We
          have
          no off-balance sheet arrangements.
 **Item
          3.   Controls and Procedures**
  Under
          the
          supervision and with the participation of our management, including our
          principal executive officer and principal financial officer, we conducted
          an
          evaluation of our disclosure controls and procedures, as such term is defined
          under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
          Exchange Act of 1934, as amended (Exchange Act), as of  September 30,
          2007.  Based on this evaluation, our principal executive officer and
          principal financial officer have concluded that our disclosure controls
          and
          procedures are effective to ensure that information required to be disclosed
          by
          us in the reports we file or submit under the Exchange Act is recorded,
          processed, summarized, and reported within the time periods specified in
          the
          Securities and Exchange Commission’s rules and forms and that our disclosure and
          controls are designed to ensure that information required to be disclosed
          by us
          in the reports that we file or submit under the Exchange Act is accumulated
          and
          communicated  to our management, including our principal executive officer
          and principal financial officer, or persons performing similar functions,
          as
          appropriate to allow timely decisions regarding required
          disclosure.
  There
          were no changes (including corrective actions with regard to significant
          deficiencies or material weaknesses) in our internal controls over financial
          reporting that occurred during the third quarter of fiscal 2007 that has
          materially affected, or is reasonably likely to materially affect, our
          internal
          control over financial reporting.
  11
 **PART
        II - OTHER INFORMATION**
  **Item
        1.**                                **Legal
        Proceedings**.
  The
        Company is currently not a party to any pending legal proceedings and no
        such
        action by, or to the best of its knowledge, against the Company has been
        threatened.
  **Item
        2.                                Changes
        in Securities.**
  During
        June 2007, the Company amended its Articles of Incorporation to change its
        name
        from Capital Ventures Group III, Inc. to International Mergers &
Acquisitions Corp. and change the capital structure
        to****reflect 100,000,000 common and 10,000,000 blank check
        preferred shares with a par value of $0.001.  The financial statements
        have been retroactively adjusted to reflect the changes.
  During
          June 2007, we issued the following securities which were not registered
          as
          follows:
 
 Name
                Number
                    of Shares
                ConsiderationDon
                    Mitchell
                2,250,000
                $2,250Alan
                      Ajamian
                2,250,000
                $2,250Christopher
                    James
                2,250,000
                $2,250Robert
                      Palumbo
                450,000(1)
                $450Dipak
                    Rajhansa
                135,000(2)
                $135Phil
                      Robertson
                90,000(2)
                $90Biltmore
                    Investment Partners, Inc.
                247,500(2)
                $247.50Christopher
                    James
                90,000(2)
                $90
 
 (1)
          Pursuant to the employment agreement, Mr. Palumbo was issued 450,000 shares
          of
          our common stock for the payment of par value, $.001 per share, of
          $450.  Such shares vest over two years in the following
          manner:  18,750 shares per month.  If the Agreement is
          terminated in accordance with its terms, any shares that have not vested
          shall
          be forfeited and the Company shall return any payment for the non-vested
          shares.
 
 (2)
          Pursuant to their advisory board agreements with the Company, Dipak Rahjansa,
          Phil Robertson, Biltmore Investment Partners, Inc., Christopher James
          and Greg Pilcher were issued shares of the Company’s common stock for
          the payment of par value, $.001 per share, which vest over two
          years.  If their advisory board agreements are terminated in
          accordance with its terms, any shares that have not vested shall be forfeited
          and the Company shall return any payment for the non-vested shares.
 
 With
          respect to the issuance of all of the shares set forth above, the Company
          relied
          upon Section 4(2) of the Securities Act of 1933, as amended for an exemption
          from registration.
  During
            July 2007, the Company issued 270,000 shares of common stock to three
            individuals for cash of $99,900 ($0.37 per share).  As of September
            30, 2007, a subscription receivable of $33,300 remains
            uncollected.  With respect to the issuance of all of the shares set
            forth above, the Company relied upon Section 4(2) of the Securities Act
            of 1933,
            as amended for an exemption from registration.
 **Item
        3.                                Defaults
        Upon Senior Securities.**
  None
  **Item
        4.                                Submission
        of Matters to a Vote of Security Holders.**
  No
        matter
        was submitted during the quarter ending September 30, 2007, covered by this
        report to a vote of the Company’s shareholders, through the solicitation of
        proxies or otherwise.
  **Item
        5.                                Other
        Information.**
  None
  **Item
        6.                                Exhibits
        and Reports of Form 8-K.**
  (a)                   Exhibits
  31.1
        Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002
 32.1
        Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002
  (b)                   Reports
        of Form 8-K
  None
 
 12
 
  **SIGNATURES**
  In
        accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
        this report to be signed on its behalf by the undersigned, there unto duly
        authorized.
  **INTERNATIONAL
        MERGERS AND ACQUISITIONS CORP.**
  *By:
        /s/ Robert Palumbo*
 Robert
        Palumbo
 President,
        Chief Executive Officer, CFO, and Director
 
  November
        14, 2007