**U.
      S. SECURITIES AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**




**FORM
      10-KSB**


(Mark
      One)




[X] ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934




For
      the
      fiscal year ended **June 30, 2007**





[
      ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


For
      the transition period from ___________ to _____________




Commission
      File Number: **000-29994**




**INFORM
      WORLDWIDE HOLDINGS, INC.**


(Name
      of
      small business issuer as specified in its charter)




**Florida**
            **20-3379902**(State
                or other jurisdiction of
              incorporation
                or organization)
            (I.R.S.
                Employer
              Identification
                No.)**2501
                North Green Valley Parkway, Suite 110**
              **Henderson,
                NV 89014**
              **___________________________________________________________________________**
              (Address
                of principal executive offices, including zip
                code)




Registrant’s
      telephone number, including area code:  **(800)
      963-6533**


Securities
      registered pursuant to Section 12(b) of the Act:
 **None**


Securities
      registered pursuant to Section 12(g) of the Act:  **Common
      Stock, no par value**


___________________


Check
      whether the issuer (1) filed all reports required to be filed by
      Section 13 or 15(d) of the Exchange Act of 1934 during the past 12 months
      (or for such shorter period that the registrant was required to file such
      reports), and (2) has been subject to such filing requirements for the past
      90 days. Yes XNo




Check
      if
      disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not
      contained in this form, and no disclosure will be contained, to the best of
      registrant’s knowledge, in definitive proxy or information statements
      incorporated by reference in Part III of this Form 10-KSB or any amendment
      to
      this Form 10-KSB. [ ]




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act. Yes XNo





The
      issuer’s revenues for the most recent fiscal year were $0.00




The
      aggregate market value of the voting and non-voting common equity held by
      non-affiliates of the registrant was approximately $6,169,280 as of October
      26,
      2007. Shares of common stock held by each officer and director and by each
      person or group who owns 10% or more of the outstanding common stock amounting
      to 39,940,000 shares have been excluded in that such persons or groups may
      be
      deemed to be affiliates. This determination of affiliate status is not
      necessarily a conclusive determination for other purposes.




As
      of
      October 26, 2007, 43,153,167 shares of our common stock were issued and
      outstanding.




Documents
      Incorporated by Reference: None.




Transitional
      Small Business Disclosure Format: No.





**PART
      I**




**Item
      1. Description of Business**




Inform
      Worldwide Holdings, Inc. (the “Company”, “we”, “us”, or “our”), was incorporated
      as “Anything, Inc.” in August, 1997 as a Colorado corporation. We originally
      operated Internet storefronts, including AnythingPC.com, AnythingUnix.com,
      AnythingMac.com, AnythingCoffee.com, Anythingbooks.com and AnyReminder.com,
      selling Internet computer hardware, coffee retail services, books and providing
      a free reminder service site with gift sales. We changed our name to Anything
      Internet Corporation in 1998 to Inform Worldwide Holdings, Inc. in
      2000.





Since
      2001, our business plan has been to either commence operations or acquire
      another business with operations in which Mr. Mascarenhas may have an equity
      interest.  We are currently pursuing two opportunities.  Our
      wholly-owned subsidiary, PrimaCare Corporation, has signed a letter of intent
      with Medical Resources LLC, a provider of medical services in
      Florida.  Our other wholly-owned subsidiary, One World Energy
      Corporation, is engaged in a coal mining project located in
      Pennsylvania..





On
      June
      30, 2004, pursuant to a stock purchase agreement, we issued an aggregate of
      1,000 shares of our common stock to Mr. Ash Mascarenhas for a purchase price
      of
      $100,000. The 1,000 shares constituted approximately ninety percent (90%) of
      the
      issued and outstanding shares of our common stock. Before this issuance, Mr.
      Larry Arnold was our controlling stockholder. Mr. Mascarenhas acquired our
      shares for investment purposes and was named as our President and Secretary.
      Our
      former directors and officers resigned.





On
      November 2, 2004, our sole director, Ashvin Mascarenhas resigned from his
      position as a director of the Company. Concurrently with the resignation of
      Mr.
      Mascarenhas, our Board of Directors appointed James R. Wheeler and Randy W.
      Betts to the Board of Directors. Mr. Mascarenhas’s resignation was not
      related to a disagreement with us on any matter relating to our operations,
      policies, or practices.





Effective
      December 1, 2004, the Company entered into a Consulting Agreement with Loyola
      Financial Services, Inc., an affiliated company, to provide consulting and
      shareholder support services.





On
      January 5, 2005, we agreed to exchange 1,000 shares of our common stock held
      by
      Ashvin Mascarenhas,  our former President and controlling stockholder,
      for 10,000,000 shares of our Class B, Series 1 Preferred Stock, no par value
      per
      share. The transaction was exempt pursuant to Section 4(2) of the Securities
      Act
      of 1933.





On
      January 5, 2005 we entered into a stock purchase agreement with Randy W. Betts,
      our Chief Executive Officer, and Ashvin Mascarenhas, our former President and
      controlling stockholder, whereby Mr. Mascarenhas agreed to sell 10,000,000
      shares of our Preferred Stock held by him to Mr. Betts for a secured promissory
      note in the principal amount of $600,000 payable in 24 monthly installments
      of
      $25,000 per month. The note was secured by a Pledge Agreement, whereby Mr.
      Betts
      pledged, and granted a security interest in and to, the Class B, Series 1
      Preferred Stock purchased from Mr. Mascarenhas until such time as the payments
      due under the note have been paid in full. Pursuant to the terms of the
      Agreement, we agreed not to amend the terms of the Preferred Stock, issue any
      additional shares of any class or series of preferred stock, appoint any new
      directors, increase the number of directors, terminate any existing employees
      or
      employment agreements, or change or modify any existing contractual agreement
      between the Company and Loyola Financial Services, Inc.





On
      January 14, 2005, the Company’s board of directors approved its reincorporation
      from Colorado to Florida. Under the terms of this reorganization, each share
      of
      (i) Class A and Class B common stock of the previous Colorado corporation were
      converted into one fully paid and nonassessable share of Common Stock of the
      new
      Florida corporation; (ii) Class A, Series 1 Cumulative Convertible Preferred
      Stock of the previous Colorado corporation were converted into one fully paid
      and nonassessable share of the Series A Preferred Stock of the new Florida
      corporation and (iii) Class B, Series 1 Preferred Stock of the previous Colorado
      corporation were converted into one fully paid and nonassessable share of Series
      B Preferred Stock of the new Florida corporation.





On
      July
      25, 2005, Ashvin Mascarenhas accepted 10,000,000 shares of our Class B, Series
      1
      Preferred Stock issued (currently Series B Preferred Stock after giving effect
      to our reincorporation in February 2005) in the name of Randy Betts (the
“Preferred Stock”) in consideration of the obligations of Mr. Betts secured
      under that certain $600,000 Secured Promissory Note dated January 5, 2005 made
      by Mr. Betts in favor of Mr. Mascarenhas (the “Note”). Mr. Betts originally
      issued the Note as payment for his purchase of the Preferred Stock from Mr.
      Mascarenhas and the Note was secured by a Pledge Agreement whereby Mr. Betts
      pledged and granted a security interest in and to the Preferred Stock until
      such
      time as the Note was paid in full. Mr. Betts has failed to make any of the
      payments under the Note resulting in an Event of Default under the Pledge
      Agreement and giving Mr. Mascarenhas rise to all rights and remedies as a
      secured party with respect to the Preferred Stock.





Effective
      November 7, 2006, the Company entered into a Joint Venture Agreement, with
      Soam
      Energy, LLC, ("Soam"), an affiliate of the Company owned by Mr. Mascarenhas,
      whereby the Company and Soam established a joint venture to develop, process
      and
      sell coal in respect of the property located in Westmoreland County,
      Pennsylvania known as the "Banning 1 Lease”. On August 28, 2007, the joint
      venture was dissolved and the Company’s wholly owned subsidiary, One World
      Energy Corporation (“OWEC”) entered into an Assignment of Lease (“Assignment”)
      with Soam, pursuant to which Soam assigned to OWEC its leasehold interest in
      respect of the Banning 1 Lease. Pursuant to the Assignment Soam will receive
      a
      royalty of $1.00 per ton of coal produced by OWEC.





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





On
      May
      15, 2007, the Company entered into a four year renewable Employment Agreement
      with Ashvin Mascarenhas. Mr. Mascarenhas will serve as Chief Executive
      Office.  The agreement provides for a monthly base salary and performance
      incentives. Mr. Mascarenhas will also receive stock options to purchase up
      to
      500,000 shares of common stock upon the adoption by the company of an Employee
      Stock Option Plan. The option exercise price is to be determined by the Board
      of
      Directors.  The Employment Agreement may be terminated with or without
      cause by the Company or Mr. Mascarenhas as provided therein.





On
      May
      25, 2007, we entered into an agreement (the “Topper Agreement”) with Opal
      Industries, Inc. (“Opal”). Pursuant to the Topper Agreement, the Company
      acquired the “Topper” surface coal lease located in Indiana County,
      Pennsylvania, from Opal. The Company paid Opal $5,000 in cash and agreed to
      issue Opal restricted shares of the Company’s common stock in an amount which is
      equal to $15,000. The “Topper” lease is one of three leases that make up the
“Nowrytown #1” mine site.





On
      June
      4, 2007, the Company entered into an Agreement to Proceed: Heavy Equipment
      Purchase (the “Purchase Agreement”), with Kajon Materials, Inc. (“Kajon”) and
      Ralph Smith & Son, Inc. (“Smith”). Pursuant to the Purchase Agreement, the
      Company purchased fifteen pieces of heavy equipment used in surface mining
      of
      coal (the “Equipment”), which Equipment had been pledged to Kajon by Smith. The
      Company issued 166,667 restricted shares of the Company’s common stock to Kajon.
      The Company retained an eighteen month exclusive option to repurchase up to
      150,000 shares of the restricted stock for $200,000. Kajon agreed to release
      its
      security interest in the Equipment upon Kajon’s receipt of the first $50,000 in
      repurchase payments.





On
      June
      14, 2007, the Company entered into a purchase and sale agreement (the Purchase
      and Sale Agreement) with Soam Oil & Gas.  Pursuant to the Purchase
      and Sale Agreement, the Company acquired all of Soam’s interests in two oil
& gas projects in Osage County, Oklahoma known as the “Roark Project” and
      the “Cornelius Project” (collectively, the “Projects”).  Subsequent to
      year end, the Purchase and Sale Agreement was dissolved.








On
      July
      11, 2007, OWEC entered into a coal lease (the “Mancabelli Coal Lease”) with
      Ronald A. and Margery S. Mancabelli (“Mancabelli”). Pursuant to the Mancabelli
      Coal Lease, OWEC leased from Mancabelli approximately 86.64 acres located in
      Conemaugh Township, Indiana County, Pennsylvania, for the purpose of mining
      and
      removing coal.





Pursuant
      to the terms of the Mancabelli Coal Lease, Mancabelli will receive a royalty
      of
      the greater of 10% of the coal selling price or $2.00 per
      ton.  Mancabelli will also receive an advance royalty payment of
      $3,000 and 2,500 restricted shares of the Company’s common stock.





Effective
      July 12, 2007, OWEC entered into a coal lease (the “Beckham Coal Lease”) with
      Charles D. and Todd E. Beckham (“Beckham”). Pursuant to the Beckham Coal Lease,
      OWEC leased from Beckham approximately 180 acres located in Monongahela
      Township, Greene County, Pennsylvania, for the purpose of mining and removing
      coal.





Pursuant
      to the terms of the Beckham Coal Lease, Beckham will receive a royalty of the
      greater of 10% of the coal selling price or $2.10 per ton.  Beckham
      will also receive an advance royalty payment of 1,000 restricted shares of
      the
      Company’s common stock, and, beginning July 11, 2009, a minimum monthly royalty
      of $500.





In
      addition, effective July 16, 2007, the Company entered into a coal bed methane
      lease (the “CBM Lease”) with Beckham for the same property for the purpose of
      exploring and extracting coal bed methane.





Pursuant
      to the terms of the CBM Lease, Beckham will receive 12.5% of the selling price
      of the coal bed methane produced.  Beckham will also receive a payment
      of 1,000 restricted shares of the Company’s common stock and, beginning August
      1, 2008, a delay rental of $180 quarterly, until the Company begins the coal
      bed
      methane marketing on the property as contemplated in the CBM Lease.





On
      July
      31, 2007, OWEC entered into an independent contractor agreement (the “Contractor
      Agreement”) with Ralph Smith and Son, Inc. (“Smith”) pursuant to which OWEC
      granted Smith the right of first refusal as mining operator for surface coal
      mining projects OWEC acquires. OWEC will provide the necessary operating capital
      and equipment for each project.  Smith will receive forty percent
      (40%) of the net revenue generated from each project.  As additional
      consideration for entering into the Contractor Agreement Smith assigned all
      rights and privileges to the “Motoncha” and “Selinger” leases for the purpose of
      mining and removing coal from approximately 62 acres located in Conemaugh
      Township, Indiana County, Pennsylvania. In addition, OWEC and Smith entered
      a
      contract mining agreement for the “Nowrytown #1 Mine” project, located in
      Conemaugh Township, Indiana County, Pennsylvania, pursuant to which, Smith
      will
      receive forty percent (40%) of the net revenue with OWEC providing the operating
      capital and equipment for the project.





Our
      principal executive offices are located at 2501 North Green Valley Parkway
      #110,
      Henderson, NV 89014, and our telephone number is (800) 963-6533. We maintain
      a
      website at www.InformWorldwideHoldings.com.





**Forward-Looking
      Statements**





Some
      of
      the information in this Form 10-KSB are forward looking statements, which are
      subject to risks and uncertainties. These risks and uncertainties could cause
      actual results to differ materially from those expressed in forward-looking
      statements. We base these forward-looking statements on our expectations and
      projections about future events, which we derive from the information currently
      available to us. Such forward-looking statements relate to future events or
      our
      future performance. Forward-looking statements are only predictions. The
      forward-looking events discussed in this annual report, the documents to which
      we refer you and other statements made from time to time by us or our
      representatives, may not occur, and actual events and results may differ
      materially and are subject to risks, uncertainties and assumptions about us.
      For
      these statements, we claim the protection of the “bespeaks caution” doctrine.
      The forward-looking statements speak only as of the date hereof, and we
      expressly disclaim any obligation to publicly release the results of any
      revisions to these forward-looking statements to reflect events or circumstances
      after the date of this filing.





**Item
      2. Description of Property**





At
      present, we do not own any property. We maintain our headquarters in leased
      office space in Henderson, Nevada that we share with Loyola Financial Services,
      Inc., a corporation controlled by our principal stockholder, Ash Mascarenhas.
      Loyola Financial Services, Inc. currently does not charge us rent for the use
      of
      this space. The current offices are adequate for our present needs. We believe
      that it will not be difficult to find additional or alternative office space
      if
      necessary in the foreseeable future.








**Item
      3. Legal Proceedings**





On
      or
      about March 2002, we were named a defendant in a civil lawsuit in El Paso County
      District Court, Colorado Springs, Colorado, Lloyd K. Parrish, Jr., et. al.
      v.
      Larry D. Arnold and Inform Worldwide Holdings, Inc. The plaintiffs filed this
      lawsuit alleging that we and Mr. Arnold breached a contract in delaying its
      resale of certain common stock. The plaintiffs sought an unspecified amount
      of
      damages. In May 2004, Mr. Arnold entered into an agreement with us whereby
      he
      agreed to fully and unconditionally indemnify us for any and all claims,
      liabilities, costs and attorneys’ fees arising out of or related to this
      litigation. We reached an agreement in principle to settle the case for
      $120,000, payable as follows: $10,000 upon execution of a definitive settlement
      agreement, and $10,000 per month for eleven months commencing forty-five days
      after execution of a definitive settlement agreement. A definitive settlement
      agreement ("Parrish Agreement") was signed during the quarter ended March 31,
      2005.





On
      July
      25, 2005, the Company entered into an Assignment and Assumption Agreement
      ("Assignment Agreement") with Global Material & Services, Inc, ("Global")
      whereby the Company assigned all the Company's obligations under the Parrish
      Agreement in exchange for forgiveness of certain demand notes ("Demand Notes")
      under which the Company lent funds to Global. Under the Assignment Agreement
      the
      Company credited the Demand Notes in the amounts of three (3) payments of
      $10,000 in addition to the initial $10,000 payment. Global failed to make the
      monthly payments pursuant to the Assignment Agreement and is in default. Because
      of Global's default, on September 16, 2005, the plaintiffs filed and were
      granted the stipulated judgment pursuant to the Parrish Agreement for
      $200,000.  Under the Assignment Agreement, the Company credited the
      Demand Notes in the amount of four payments of $10,000 each, aggregating
      $40,000, and reducing the obligation to $160,000 as of June 30,
      2006.  During 2007, the Company agreed to issue 733,333 shares of
      common stock in exchange for $110,000 of the obligation, reducing the balance
      to
      $50,000 as of June 30, 2007.





On
      or
      about March 30, 2006, the Company was notified that it was a defendant in a
      civil lawsuit in the Superior Court of the State of California, County of Los
      Angeles, Howard Weiss vs. Ashvin Mascarenhas, Inform Worldwide Holdings, et.
      al.
      alleging that we and Mr. Mascarenhas made misrepresentations in a security
      transaction, undisclosed material information by corporate "insiders", sale
      of
      securities in violation of qualification requirements, breach of contract and
      breach of guarantee.  The plaintiff sought compensatory damages in an
      amount of $319,000 plus interest.  The plaintiff has also requested an
      award of punitive damages in an amount to be proven at the time of trial. On
      December 28, 2006, the plaintiff and the Company, Mr. Mascarenhas and certain
      affiliates of the Company entered into a settlement agreement whereby a
      Dismissal with prejudice has been approved by the Court.  Mr.
      Mascarenhas agreed to pay and has paid the plaintiff $325,000 and delivered
      10,000 shares of the Company’s restricted common stock. The Company has agreed
      to grant “piggyback” registration rights to the 10,000 shares.  The
      parties also agreed to mutually release each other from all claims.





**Item
      4. Submission of Matters to a Vote of Security
      Holders**





No
      matter
      was submitted to a vote of security holders during the fourth quarter of our
      fiscal year.





**PART
      II**




**Item
      5. Market for Common Equity and Related Stockholder
      Matters**




Our
      common stock is quoted on the NASDAQ Over-The-Counter Bulletin Board under
      the
      symbol “IWWI.OB.” Our common stock began trading on July 15, 1999 with an
      opening bid price of $4.00 a share. As of year end there were approximately
      406
      record holders of our common stock.  Unless otherwise indicated all
      share amounts are taking into account the 1/100 reserve split effective March
      1,
      2005 and the 1/1,500 reverse split effective August 29, 2005.





The
      following table sets forth the quarterly high and low sale prices of our common
      stock for each quarter since July 1, 2006.





**High
                Sale**
            **Low
                Sale****Year
                Ended June 30, 2007**
            **Price**
            **Price**---------------------------------
            -------------
            -------------First
                Quarter ended 9/30/06
            $0.20
            $0.20Second
                Quarter ended 12/31/06
            $2.10
            $0.20Third
                Quarter ended 3/31/07
            $2.07
            $1.50Fourth
                Quarter ended 6/30/07
            $2.08
            $1.75**Year
                Ended June 30, 2006**
            **Price**
            **Price**--------------------------------
            -------------
            ------------First
                Quarter ended 9/30/05
            $3.73
            $0.35Second
                Quarter ended 12/31/05
            $2.20
            $0.41Third
                Quarter ended 3/31/06
            $1.50
            $0.60Fourth
                Quarter ended 6/30/06
            $0.20
            $0.15





We
      have
      never declared or paid cash dividends on our capital stock and our board of
      directors intend to continue this policy for the foreseeable future. Earnings,
      if any, will be used to finance the development and expansion of our business.
      Future dividend policy will depend upon our earnings, capital requirements,
      financial condition and other factors considered relevant by our Board of
      Directors and may be subject to limitations imposed by federal and state
      laws.





The
      securities authorized for issuance under our equity compensation plans are
      summarized in the table below.





**Equity
                Compensation Plan Information****Plan
                Category**
            Number
                of Securities
              To
                be issued Upon
              Exercise
                of Outstanding
              Options,
                Warrants and
              Rights
              **(a)**
            Weighted-average
              Exercise
                price of outstanding options, warrants and rights
              **(b)**
            Number
                of Securities
              Remaining
                Available
              For
                Future Issuance Under Equity
              Compensation
                Plans (Excluding Securities Reflected in Column (a))
              **(c)**Equity
                compensation plans approved by security holders
            1
            $30,000.00
            16Equity
                compensation plans not approved by security holders
            14
            $54,000.00
            -0-**Total**
            15
            
            16





The
      purpose of our Employee Stock Option and Year 2000 Long Term Incentive Equity
      Plans is to provide additional compensation and incentive to eligible employees,
      officers, directors, advisors and consultants whose present and potential
      contributions are important to our continued success, to afford such persons
      an
      opportunity to acquire a proprietary interest in our company and to enable
      us to
      continue to enlist and retain the best available talent for the successful
      conduct of our business.





Our
      stock
      option plans are administered by our board of directors and our board has the
      authority to construe and interpret any of the provisions of our options plans
      and/or any options granted thereunder. Such interpretations are binding on
      us as
      well as the optionees.





The
      total
      number of shares of our common stock reserved and available for distribution
      pursuant to our Year 2000 Long Term Incentive Equity Plan is pre-split 3,000,000
      shares. The total number of shares of our common stock reserved and available
      for distribution pursuant to our Employee Stock Option Plan is 1,500,000
      pre-split shares.





All
      our
      officers, directors (who are also employees or consultants), employees, advisors
      and consultants are eligible to receive options under either stock option plan.
      Our board of directors determines the exercise price and vesting (subject to
      a
      10 year limitation) of all options granted under the plans.





All
      options granted under our stock option plans may not be transferred by the
      optionee other than by will or by the laws of descent and distribution, except
      that our board of directors may, in its discretion, grant limited
      transferability rights.





**Second
      Amended and Restated Inform Worldwide Holdings, Inc. 2004 Employee Stock
      Incentive Plan.**The purpose of our Second Amended and Restated Inform
      Worldwide Holdings, Inc. 2004 Employee Stock Incentive Plan is to provide the
      employees (designated officers and employees, including so-called “leased
      employees”) with equity based compensation incentives who make significant and
      extraordinary contributions to our long-term growth and performance and to
      attract and retain employees The total number of shares available for the grant
      of either stock options or compensation stock under the plan is 153,000,000
      shares, subject to adjustment, and to date, we have issued 153,000,000 pre-split
      shares.





Our
      compensation committee which is appointed by our board of directors administers
      our plan and has full power to grant stock options and common stock, construe
      and interpret the plan, establish rules and regulations and perform all other
      acts, including the delegation of administrative responsibilities, it believes
      reasonable an proper. Any decision made, or action taken, by the compensation
      committee or our board of directors arising out of or in connection with the
      interpretation and administration of the plan is final and
      conclusive.





The
      compensation committee or our board of directors, in its absolute discretion,
      may award common stock to employees of, consultants to, and directors of the
      company, and such other persons as the board of directors or compensation
      committee may select, and permit holders of common stock options to exercise
      such options prior to full vesting therein and hold the common stock issued
      upon
      exercise of the option as common stock. Stock options may also be granted by
      our
      board of directors or compensation committee to non-employee directors of the
      company or other persons who are performing or who have been engaged to perform
      services of special importance to the management, operation or development
      of
      the company.





In
      the
      event that our outstanding common stock is changed into or exchanged for a
      different number or kind of shares or other securities of the company by reason
      of merger, consolidation, other reorganization, recapitalization, combination
      of
      shares, stock split-up or stock dividend, prompt, proportionate, equitable,
      lawful and adequate adjustment shall be made of the aggregate number and kind
      of
      shares subject to stock options which may be granted under the
      plan.





Our
      board
      of directors may at any time, and from time to time, suspend or terminate the
      plan in whole or in part or amend it from time to time in such respects as
      our
      board of directors may deem appropriate and in our best interest.





**Second
      Amended and Restated Inform Worldwide Holdings, Inc. 2004 Non-Employee Directors
      and Consultants Retainer Stock Plan.**The purpose of our Second Amended
      and Restated Inform Worldwide Holdings, Inc. 2004 Non-Employee Directors and
      Consultants Retainer Stock Plan is to enable us to attract and retain
      non-employee directors and consultants capable of furthering our future success
      and by aligning their economic interests more closely with those of our
      stockholders by paying their retainer or fees in the form of shares our common
      stock. The total number of shares available for the grant under the plan is
      80,000,000 shares, subject to adjustment, and to date, we have issued 80,000,000
      pre-split shares.





A
      committee consisting of two members which shall consist of two current directors
      and/or senior employees (who are not participants under the plan) administers
      our plan and has full power to grant common stock, construe and interpret the
      plan, establish rules and regulations and perform all other acts, including
      the
      delegation of administrative responsibilities, it believes reasonable an proper.
      Any decision made, or action taken, by the committee or our board of directors
      arising out of or in connection with the interpretation and administration
      of
      the plan is final and conclusive.





The
      committee may award common stock to non-employee directors and consultants
      and
      such participants may make an election to defer delivery of such stock retainer
      for a period of up to three years. In the event that our outstanding common
      stock is changed into or exchanged for a different number or kind of shares
      or
      other securities of the company by reason of merger, consolidation, other
      reorganization, recapitalization, combination of shares, stock split-up or
      stock
      dividend, prompt, proportionate, equitable, lawful and adequate adjustment
      shall
      be made of the aggregate number and kind of shares subject to stock options
      which may be granted under the plan.





Our
      board
      of directors may at any time, and from time to time, suspend or terminate the
      plan in whole or in part or amend it from time to time in such respects as
      our
      board of directors may deem appropriate and in our best interest.





**2005
      Stock Incentive Plan.**The purpose of our 2005 Stock Incentive Plan is
      to further align the interests of employees, directors and non-employee
      consultants with those of the shareholders by providing incentive compensation
      opportunities tied to the performance of the common stock and by promoting
      increased ownership of the common stock by such individuals. The 2005 Stock
      Incentive Plan is also intended to advance the interests of Inform Worldwide
      and
      its shareholders by attracting, retaining and motivating key personnel upon
      whose judgment, initiative and effort the successful conduct of our business
      is
      largely dependent. The total number of shares available for the grant of either
      stock options or compensation stock under the plan is 100,000,000 shares,
      subject to adjustment, and to date, we have issued 90,100,000 pre-split
      shares.





Our
      compensation committee which is appointed by our board of directors administers
      our plan and has full power to grant stock options and common stock, construe
      and interpret the plan, establish rules and regulations and perform all other
      acts, including the delegation of administrative responsibilities, it believes
      reasonable an proper. Any decision made, or action taken, by the compensation
      committee or our board of directors arising out of or in connection with the
      interpretation and administration of the plan is final and
      conclusive.





The
      compensation committee or our board of directors, in its absolute discretion,
      may award common stock to employees of, consultants to, and directors of the
      company, and such other persons as the board of directors or compensation
      committee may select, and permit holders of common stock options to exercise
      such options prior to full vesting therein and hold the common stock issued
      upon
      exercise of the option as common stock. Stock options may also be granted by
      our
      board of directors or compensation committee to non-employee directors of the
      company or other persons who are performing or who have been engaged to perform
      services of special importance to the management, operation or development
      of
      the company.





In
      the
      event that our outstanding common stock is changed into or exchanged for a
      different number or kind of shares or other securities of the company by reason
      of merger, consolidation, other reorganization, recapitalization, combination
      of
      shares, stock split-up or stock dividend, prompt, proportionate, equitable,
      lawful and adequate adjustment shall be made of the aggregate number and kind
      of
      shares subject to stock options which may be granted under the
      plan.





Our
      board
      of directors may at any time, and from time to time, suspend or terminate the
      plan in whole or in part or amend it from time to time in such respects as
      our
      board of directors may deem appropriate and in our best interest.








**Item
      6. Management’s Discussion and Analysis or Plan of
      Operation**





The
      following discussion and analysis should be read in conjunction with our audited
      financial statements and related notes included in this report. This report
      contains “forward-looking statements” within the meaning of the Private
      Securities Litigation Reform Act of 1995. The statements contained in this
      report that are not historic in nature, particularly those that utilize
      terminology such as “may,” “will,” “should,” “expects,” “anticipates,”
“estimates,” “believes,” or “plans” or comparable terminology are
      forward-looking statements based on current expectations and
      assumptions.





Various
      risks and uncertainties could cause actual results to differ materially from
      those expressed in forward-looking statements. All forward-looking statements
      in
      this document are based on information currently available to us as of the
      date
      of this report, and we assume no obligation to update any forward-looking
      statements. Forward-looking statements involve known and unknown risks,
      uncertainties and other factors that may cause the actual results to differ
      materially from any future results, performance or achievements expressed or
      implied by such forward-looking statements.








**Plan
      of Operations**





We
      intend
      to either commence operations or acquire another business with operations in
      which Mr. Mascarenhas may have an equity interest. We are
      currently pursuing two opportunities.  Our wholly-owned subsidiary,
      PrimaCare Corporation, has signed a letter of intent with Medical Resources
      LLC,
      a provider of medical services in Florida.  Our other wholly-owned
      subsidiary, One World Energy Corporation, is engaged in a coal mining project
      located in Pennsylvania..





We
      currently have limited working capital with which to satisfy our cash
      requirements, and we will require additional capital in order to conduct
      operations. We anticipate that we will need at least $500,000 in additional
      working capital in order to sustain operations for the next 12 months. This
      requirement may increase substantially, depending on the nature and capital
      requirements of the business opportunities we elect to pursue. In order to
      obtain the necessary working capital, we intend to continue to seek private
      equity financing in fiscal 2008. Such financing may not be available to us,
      when
      and if needed, on acceptable terms or at all. In the event that we are unable
      to
      obtain such financing, management may provide additional financing for
      us.





We
      intend
      to retain any future earnings to finance the expansion of our business and
      any
      necessary capital expenditures, and for general corporate purposes. We currently
      do not have any plans for the purchase or sale of any plant or
      equipment.  We also do not have any plans to hire any additional
      employees.





**Liquidity
      and Capital Resources**





We
      have
      financed our capital requirements through debt financing and issuance of equity
      securities.  Our working capital deficit at June 30, 2007 was
      $602,068.  We had $544 cash on hand as of June 30, 2007.





Operating
      activities used net cash of $1,080 for the year ended June 30, 2007 compared
      to
      providing net cash of $614 the year ended June 30, 2006.  For the year
      ended June 30, 2007, the net loss of $1,295,361 was offset by a $84,783 increase
      in accounts payable, accrued expenses and related party payables.


For
      the
      year ended June 30, 2007, we had a net loss of $1,295,361 compared to a net
      loss
      of $1,999,217 for the year ended June 30, 2006.  The increase in
      operating expenses is due to property acquisition costs of  $20,000
      related to a surface coal lease and salaries and wages expense of
      $15,000.  This is offset by a reduction in legal and professional fees
      and stock compensation expense compared to the year ended June 30,
      2006.





**Off
      Balance Sheet Arrangements**





We
      do not
      have any off-balance sheet financing arrangements.





**Item
      7. Financial Statements**








REPORT
      OF
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM








Shareholders
      and Board of Directors


Inform
      Worldwide Holdings, Inc.





We
      have
      audited the accompanying balance sheet of Inform Worldwide Holdings, Inc. as
      of
      June 30, 2007, and the related statements of operations, stockholders' deficit,
      and cash flows for the years ended June 30, 2007 and 2006. These financial
      statements are the responsibility of the Company's management.  Our
      responsibility is to express an opinion on these financial statements based
      on
      our audits.





We
      conducted our audits in accordance with the auditing standards of the Public
      Company Accounting Oversight Board (United States).  Those standards
      require that we plan and perform the audits to obtain reasonable assurance
      about
      whether the financial statements are free of material
      misstatement.  An audit includes examining, on a test basis, evidence
      supporting the amounts and disclosures in the financial
      statements.  An audit also includes assessing the accounting
      principles used and significant estimates by management, as well as evaluating
      the overall financial statement presentation.  We believe that our
      audits provide a reasonable basis for our opinion.





In
      our
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of Inform Worldwide Holdings, Inc.
      as
      of June 30, 2007, and the results of its operations and cash flows for the
      years
      ended June 30, 2007 and 2006, in conformity with accounting principles generally
      accepted in the United States of America.





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern.  As discussed in Note 1 to the
      financial statements, the Company has suffered significant losses from
      operations.  This factor raises substantial doubt about the Company’s
      ability to continue as a going concern.  Management’s plans in regard
      to this matter are also discussed in Note 1.  The financial statements
      do not include any adjustments that might result from the outcome of this
      uncertainty.














Stark
      Winter Schenkein & Co., LLP


Denver,
      Colorado


October
      30, 2007











**INFORM
                  WORLDWIDE HOLDINGS, INC.****BALANCE
                  SHEET***as
                  of June 30, 2007*ASSETSCurrent
                  assets:Cash
              
              $                  544Total
                  current assets
              544Deposits
                  on equipment
              291,667Total
                  assets
              $           292,211LIABILITIES
                  AND STOCKHOLDERS' DEFICITCurrent
                  liabilities:Accounts
                  payable
              $            94,333Accrued
                  expenses
              48,154Related
                  party payables
              345,263Settlement
                  payable
              50,000Line
                  of credit
              64,862Total
                  current liabilities
              602,612Stockholders'
                  deficit:Preferred
                  stock, no par value,Series
                  A:  1,000,000 shares authorized; zero shares
                  issuedand
                  outstanding
              -Series
                  B:  10,000,000 shares authorized; zero shares
                  issuedand
                  outstanding
              -Series
                  C:  11,000,000 shares authorized; 11,000,000 shares
                  issuedand
                  outstanding
              73,333Undesignated:  478,000,000
                  shares authorized, zero shares issuedand
                  outstanding
              -Common
                  stock, no par value, 5,000,000,000 shares authorized;43,148,667
                  shares issued and outstanding
              14,627,764Accumulated
                  deficit
              (15,011,498)(310,401)Total
                  liabilities and stockholders' deficit
              $           292,211
  
   
  **INFORM
                  WORLDWIDE HOLDINGS, INC.****STATEMENTS
                  OF OPERATIONS***for
                  the years ended June 30, 2007 and 2006**2007*
              
              *2006**(Restated)*Revenues
              $                      -
              
              $                      -Operating
                  expensesGeneral
                  and administrative expenses
              82,528
              
              120,943Property
                  acquisition costs
              20,000
              
              -General
                  and administrative compensation expenseresulting
                  from common stock and stock options issued
              1,188,000
              
              1,912,601Total
                  operating expenses
              1,290,528
              
              2,033,544(Loss)
                  from operations
              (1,290,528)
              
              (2,033,544)Other
                  income (expense)Interest
                  income, related party
              -
              
              42,432Expense
                  reimbursement, related party
              -
              
              40,000Interest
                  (expense)
              (4,833)
              
              (48,105)Total
                  other income (expense)
              (4,833)
              
              34,327Net
                  (loss)
              $      (1,295,361)
              
              $      (1,999,217)Basic
                  and diluted net loss per common share
              $                (0.01)
              
              $                (0.01)Weighted
                  average common shares outstanding
              96,271,238
              
              140,597,033
  
   
  **INFORM
                  WORLDWIDE HOLDINGS, INC.****STATEMENTS
                  OF CASH FLOWS***for
                  the years ended June 30, 2007 and 2006**2007*
              
              *2006**(Restated)*Cash
                  flows from operating activitiesNet
                  (loss)
              $           (1,295,361)
              
              $           (1,999,217)Adjustments
                  to reconcile net (loss) to net cashprovided
                  by (used in) operating activitiesCompensation
                  expense resulting from common stockand
                  stock options issued
              1,188,000
              
              1,912,601Non-cash
                  property acquisition costs
              15,000
              
              -Accrued
                  interest on line of credit
              4,833
              
              4,833Changes
                  in operating assets and liabilities:(Increase)
                  decrease in prepaid expenses
              1,665
              
              (1,665)(Increase)
                  decrease in due from related party
              82,432
              
              (82,432)Increase
                  in accounts payable
              22,188
              
              26,960Increase
                  (decrease) in accrued expenses
              (67,432)
              
              69,432Increase
                  in related party payables
              47,595
              
              70,102Net
                  cash provided by (used in) operating activities
              (1,080)
              
              614Cash
                  flows from investing activitiesNet
                  cash provided by (used in) investing activities
              -
              
              -Cash
                  flows from financing activitiesNet
                  cash provided by (used in) financing activities
              -
              
              -Net
                  increase (decrease) in cash
              (1,080)
              
              614Cash
                  at beginning of year
              1,624
              
              1,010Cash
                  at end of year
              $                       544
              
              $                    1,624Supplemental
                  cash flow information:Cash
                  paid for interest expense
              $                             -
              
              $                             -Cash
                  paid for income taxes
              $                             -
              
              $                             -Non-cash
                  investing and financing activities:Conversion
                  of preferred stock into common stock
              $                             -
              
              $             1,271,632Conversion
                  of common stock into preferred stock
              $                 73,333
              
              $                             -Common
                  stock issued for deposit on equipment
              $               291,667
              
              $                             -Common
                  stock issued for property acquisition
              $                  15,000
              
              $                             -Conversion
                  of note payable to common stock
              $            1,298,000
              
              $           2,080,000
  
   
  **INFORM
                  WORLDWIDE HOLDINGS, INC.****STATEMENT
                  OF STOCKHOLDERS' (DEFICIT)***For
                  the Years Ended June 30, 2007 and 2006 (Restated)*Preferred
                  Stock
              
              
              
              Preferred
                  Stock
              
              
              
              
              
              
              
              
              
              
              
              
              
              TotalSeries
                  A / Series C
              
              
              Series
                  B
              
              
              
              Common
                  Stock
              
              
              
              Additional
              
              Deferred
              
              Accumulated
              
              Stockholders'Shares
              
              Amount
              
              Shares
              
              Amount
              
              Shares
              
              Amount
              
              Paid-In
                  Capital
              
              Compensation
              
              Deficit
              
              DeficitBalance
                  at June 30, 2005
              700,000
              
              1,171,632
              
              10,000,000
              
              100,000
              
              40,083
              
              9,703,950
              
              33,848
              
              -
              
              (11,716,920)
              
              (707,490)Issuance
                  of fractional shares
              -
              
              -
              
              -
              
              -
              
              13
              
              -
              
              -
              
              -
              
              -
              
              -Stock
                  issued for services
              -
              
              -
              
              -
              
              -
              
              40,000,000
              
              60,000
              
              -
              
              (60,000)
              
              -
              
              -Conversion
                  of Series A preferred stockinto
                  common stock
              (700,000)
              
              (1,171,632)
              
              -
              
              -
              
              2,200,000
              
              1,171,632
              
              -
              
              -
              
              -
              
              -Conversion
                  of Series B preferred stockinto
                  common stock
              -
              
              -
              
              (10,000,000)
              
              (100,000)
              
              150,000,000
              
              100,000
              
              -
              
              -
              
              -
              
              -Amortization
                  of deferred compensation
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              7,000
              
              -
              
              7,000Conversion
                  of note payable intocommon
                  stock subscription
              -
              
              -
              
              -
              
              -
              
              -
              
              2,080,000
              
              -
              
              -
              
              -
              
              2,080,000Cancellation
                  of shares
              -
              
              -
              
              -
              
              -
              
              (40,000,000)
              
              (19,152)
              
              (33,848)
              
              53,000
              
              -
              
              -Net
                  loss for the year ended June 30, 2006
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              (1,999,217)
              
              (1,999,217)Balance
                  at June 30, 2006 (Restated)
              -
              
              -
              
              -
              
              -
              
              152,240,096
              
              13,096,430
              
              -
              
              -
              
              (13,716,137)
              
              (619,707)Stock
                  issued for deposit on equipment
              -
              
              -
              
              -
              
              -
              
              166,667
              
              291,667
              
              -
              
              -
              
              -
              
              291,667Stock
                  issued for property acquisition
              -
              
              -
              
              -
              
              -
              
              8,571
              
              15,000
              
              -
              
              -
              
              -
              
              15,000Conversion
                  of common stock intoSeries
                  C preferred stock
              11,000,000
              
              73,333
              
              -
              
              -
              
              (110,000,000)
              
              (73,333)
              
              -
              
              -
              
              -
              
              -Conversion
                  of note payable intocommon
                  stock
              -
              
              -
              
              -
              
              -
              
              733,333
              
              1,298,000
              
              -
              
              -
              
              -
              
              1,298,000Net
                  loss for the year ended June 30, 2007
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              -
              
              (1,295,361)
              
              (1,295,361)Balance
                  at June 30, 2007
              11,000,000
              
              $        73,333
              
              -
              
              $            
                        -
              
              43,148,667
              
              $      14,627,764
              
              $                    -
              
              $                     -
              
              $    (15,011,498)
              
              $       (310,401)
    
   **NOTE
        1 – NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
        POLICIES**
 
 Basis
        of Presentation
 
 The
        financial statements include the accounts of Inform Worldwide Holdings, Inc.
        (formerly Anything Corporation & Anything Internet
        Corporation).
 
 The
        Company restated its financial statements and related financial information
        for
        the fiscal year ended June 30, 2006 to correct accounting errors and
        departures from generally accepted accounting principles (“GAAP”). In addition,
        the restatement adjustments impacted quarterly periods within the fiscal
        year
        ended June 30, 2006. See Note 8, “Restatement” for a discussion of the
        individual restatement adjustments and the impact on the previously issued
        financial statements.
  Throughout
        the financial statements and accompanying notes, all referenced amounts related
        to prior periods reflect the balances and amounts on a restated
        basis.
 
 Reincorporation
 
 The
        Company was originally incorporated in the State of Colorado in August,
        1977.  On January 14, 2005, the Company’s board of directors approved
        the reincorporation of the Company from Colorado to Florida.  The
        reincorporation was approved by the stockholders at a Special Shareholder’s
        Meeting held on February 21, 2005.
 
 In
        February 2005, the stockholders approved a plan of merger wherein the Colorado
        corporation was merged into the Florida corporation.  Authorized
        shares were increased from 250,000,000 to 5,500,000,000, and the shares of
        the
        Colorado corporation were converted to shares of the Florida
        corporation.
 
 Nature
        of Organization
 
 The
        Company had focused its efforts on becoming a location-based services provider
        and reseller of related software systems while pursuing other business
        development opportunities.  The Company has ceased its efforts in the
        field of location-based services and has been exploring other business
        opportunities.  Presently, there are no revenues from operations and
        the Company has needed to raise equity capital and obtain loans from
        stockholders to meet its operating commitments.  There is no agreement
        or commitment from any other source to continue to provide funds to the Company
        and there is no assurance that the Company will obtain the needed capital
        to
        continue to operate.
 
 As
        shown
        in the accompanying financial statements, the Company incurred a net loss
        of
        $1,295,361 during the year ended June 30, 2007 and has an accumulated deficit
        of
        $15,011,498.  As of June 30, 2007, the Company’s current liabilities
        exceeded its current assets by $602,068.  Those conditions, together
        with those described above, raise substantial doubt about the Company’s ability
        to continue as a going concern.  Management is developing plans for
        reduction of its operating expenses and looking for potential acquisition
        or
        merger candidates.  The financial statements do not include any
        adjustments that might be necessary if the Company is unable to continue
        as a
        going concern.
 
 Use
        of
        Estimates
 
 The
        preparation of financial statements in conformity with accounting principles
        generally accepted in the United States of America requires management to
        make
        estimates and assumptions that affect the reported amount of assets and
        liabilities, disclosures of contingent assets and liabilities at the date
        of the
        financial statements and the reported amount of revenues and expenses during
        the
        reported period.  Actual results could differ from those
        estimates.
 
 Fair
        Value of Financial Instruments
 
 The
        Company has determined that the fair value of its financial instruments
        approximates carrying value.  The carrying amounts of cash, payables
        and other current liabilities approximate fair value due to the short-term
        maturity of the instruments.
 
  
  **NOTE
        1 – NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)**
 
 Net
        Loss Per Share
 
 The
        Company applies the provisions of Statement of Financial Accounting Standard
        No.
        128, “Earnings Per Share” (FAS 128).  All dilutive potential common
        shares have an antidilutive effect on diluted per share amounts and therefore
        have been excluded in determining net loss per share.  The Company’s
        basic and diluted loss per share is equivalent and, accordingly, only basic
        loss
        per share has been presented.
 
 Income
        Taxes
 
 The
        Company recognizes deferred tax liabilities and assets based on the differences
        between the tax basis of assets and liabilities and their reported amounts
        in
        the financial statements that will result in taxable or deductible amounts
        in
        future years.  The Company provides for a valuation allowance if it is
        more likely than not that some portion or all of the deferred tax assets
        will
        not be realized.
 
 Recently
        Issued Accounting Pronouncements
 
 In
        September 2006, the Financial Accounting Standards Board issued Statement
        of
        Financial Accounting Standards No. 157, “Fair Value Measurements” which defines
        fair value, establishes a framework for measuring fair value in generally
        accepted accounting principles (GAAP), and expands disclosures about fair
        value
        measurements. Where applicable, SFAS No. 157 simplifies and codifies
        related guidance within GAAP and does not require any new fair value
        measurements. SFAS No. 157 is effective for financial statements issued for
        fiscal years beginning after November 15, 2007, and interim periods within
        those fiscal years. Earlier adoption is encouraged. The Company does
        not expect the adoption of SFAS No. 157 to have a significant effect on its
        financial position or results of operation.
 
 In
        June
        2006, the Financial Accounting Standards Board  issued FASB
        Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an
        interpretation of FASB Statement No. 109”, which prescribes a recognition
        threshold and measurement attribute for the financial statement recognition
        and
        measurement of a tax position taken or expected to be taken in a tax
        return.  FIN 48 also provides guidance on de-recognition,
        classification, interest and penalties, accounting in interim periods,
        disclosure and transition. FIN 48 is effective for fiscal years beginning
        after
        December 15, 2006.  The Company does not expect the adoption of FIN 48
        to have a material impact on its financial reporting, and the Company is
        currently evaluating the impact, if any, the adoption of FIN 48 will have
        on its
        disclosure requirements.
 
 
 **NOTE
        2 – DEPOSITS ON EQUIPMENT**
 
 During
        2007, the Company entered into an agreement to acquire equipment in exchange
        for
        $50,000 in cash and 166,667 shares of common stock, with a fair market value
        of
        $291,667.
 
 
 **NOTE
        3 - RELATED PARTY TRANSACTIONS**
 
 On
        September 30, 2004, the Company issued a non-interest bearing demand note
        with
        the Company’s majority stockholder in the amount of $174,399 for repayment of
        expenses made on behalf of the Company.  Effective September 1, 2005,
        the Company agreed to convert the note into 2,000,000 shares of the Company’s
        common stock.  See Note 8 – Restatements.
 
 Certain
        administrative functions are performed by a company owned by the majority
        shareholder.  At June 30, 2007, amounts due to the related company
        were $345,263.
 
 
  
  **NOTE
        4 - LINE OF CREDIT**
 
 The
        Company has a $50,000 line of credit with a bank.  Payments are due on
        the 15th of
        each month and interest accrues at the rate of 13.88% per annum.  The
        line of credit is personally guaranteed by a former officer of the
        Company.  At June 30, 2007 and 2006, the Company was in default in the
        payment of certain amounts due under the line of credit.
 
 **NOTE
        5 - STOCKHOLDERS’ DEFICIT**
 
 The
        Company is authorized by its Articles of Incorporation, as amended, to issue
        an
        aggregate of 5,000,000,000 shares of common stock, no par value, (“Common
        Stock”); and 500,000,000 shares of preferred stock, no par value
        (“Preferred Stock”), of which 1,000,000 shares have been designated series A
        preferred stock (“Series A Preferred Stock”) and 10,000,000 shares have been
        designated series B preferred stock (“Series B Preferred Stock”) and 11,000,000
        shares have been designated series C preferred stock (“Series C Preferred
        Stock”).  The remaining preferred stock is undesignated.
 
 Series
        A Preferred Stock
 
 In
        July
        2004, the Company issued 700,000 shares of Series A Preferred Stock in exchange
        for $1,171,632 in amounts due to a stockholder and affiliates.  The
        Series A Preferred Stock carries a cumulative dividend of prime rate, as
        defined, plus 3% per annum, payable quarterly, if and when declared, and
        is
        redeemable and callable by the Company at $1.00 per share.  The Series
        A Preferred Stock is convertible into common shares of the Company at the
        option
        of the holder at $1.00 per share.  In addition, the Series A Preferred
        Stockholders shall have superior rights to all other classes of capital stock
        upon liquidation of the Company.
 
 On
        November 22, 2005, all 700,000 shares of the Series A Preferred Stock were
        converted into 2,200,000 shares of common stock.
 
 Series
        B Preferred Stock
 
 On
        February 1, 2005, the Company designated a series of preferred stock known
        as
        Class B, Series 1 Preferred Stock, no par value per share (now Series B
        Preferred Stock after consummation of our reincorporation in February
        2005).  Each share of Series B Preferred Stock is convertible into
        fifteen (15) shares of the Company’s common stock at any time after July 3, 2005
        at the option of the holder.  Holders of the Series B Preferred Stock shall
        be entitled to receive dividends or other distributions with the holders
        of the
        Company’s common stock on an as converted basis when, as, and if declared by the
        Company’s board of directors.  The holders of the Series B Preferred Stock
        shall also be entitled to receive, upon liquidation, an amount equal to $0.01
        per share of the Series B Preferred Stock plus all declared but unpaid dividends
        with respect to such shares.  The shares of Series B Preferred Stock are
        not redeemable.
 
 The
        holders of Series B Preferred Stock and the holders of the Company’s common
        stock shall be entitled to notice of any stockholders’ meeting and to vote as a
        single class upon any matter submitted to the stockholders for a vote as
        follows: (i) the holders of Series B Preferred Stock shall have such number
        of
        votes as is determined by multiplying (a) the number of shares of Series
        B
        Preferred Stock held by such holder, (b) the number of issued and outstanding
        shares of the Company’s common stock (on a fully-diluted basis) as of the record
        date for the vote, or, if no such record date is established, as of the date
        such vote is taken or any written consent of stockholders is solicited, and
        (c)
        0.0000002; and (ii) the holders of our common stock shall have one vote per
        share of common stock held as of such date.
 
 On
        February 1, 2005, the Company agreed to exchange 1,000 shares of its common
        stock held by its former president and controlling stockholder for 10,000,000
        shares of the Company’s Series B Preferred Stock.
 
 On
        September 13, 2005, all 10,000,000 shares of Series B Preferred Stock were
        converted into 150,000,000 shares of common stock.
 
  
  **NOTE
        5 - STOCKHOLDERS’ DEFICIT (CONTINUED)**
 
 Series
        C Preferred Stock
 
 January
        16, 2007, the Company and its principal shareholder entered into an agreement
        to
        restructure the capitalization of the Company.  The principal
        shareholder, which held, directly or indirectly, 150 million restricted shares
        of the Company's common stock has surrendered 110 million shares which have
        been
        cancelled.  The Company has issued to the principal shareholder 11
        million shares of newly designated convertible Series C Preferred Stock,
        no par
        value (“Preferred Stock”).  Each share of Preferred Stock is
        convertible into ten (10) shares of the Company’s common stock at any time after
        March 31, 2007 at the option of the holder. Holders of the Preferred Stock
        shall
        be entitled to receive dividends or other distributions with the holders
        of the
        Company’s common stock on an as converted basis when, as, and if declared by the
        Company’s board of directors. In the event of any liquidation, dissolution or
        winding up of the Corporation, whether voluntary or involuntary, the assets
        of
        the Corporation available for distribution to its stockholders shall be
        distributed to all holders of Preferred Stock on an as converted basis and
        pro
        rata with the holders of common stock. The holders of Preferred Stock and
        the
        holders of the Company’s common stock shall be entitled to notice of any
        stockholders’ meeting and to vote as a single class upon any matter submitted to
        the stockholders for a vote as follows: (i) the holders of Preferred Stock
        shall
        be entitled to the number of votes equal to the largest number of full shares
        of
        Common Stock into which all shares of Preferred Stock held of record by such
        holder could then be converted at the record date for the determination of
        the
        stockholders entitled to vote on such matters or, if no such record date
        is
        established, at the date such vote is taken or any written consent of
        stockholders is first executed.
 
 Common
        Stock
 
 Effective
        September 1, 2005, the Company agreed to issue 2,000,000 shares of common
        stock
        in conversion of a note payable to a related party with a principal balance
        of
        $174,399.  The fair market value of the stock was $2,080,000 ($1.04
        per share) and the Company recorded stock compensation expense of
        $1,905,601.  As of June 30, 2007, the Company had not issued the
        shares and had recorded its obligation as common stock
        subscription.
 
 On
        September 13, 2005, the Company issued 40,000,000 shares of common stock
        to
        Investor Relations Services, Inc. pursuant to a consulting agreement valued
        at
        $60,000 as a compensatory stock grant.  The issuance was exempt under
        Section 4(2) of the Securities Act of 1933, as amended.  On March 15,
        2006, the consulting agreement was rescinded, and the 40,000,000 shares of
        common stock were cancelled.
 
 During
        June 2007, the Company issued 166,667 shares of common stock with a fair
        market
        value of $291,667 as a deposit on equipment.  In addition, the company
        issued 8,571 shares of common stock with a fair market value of $15,000 for
        acquisition of a coal property lease.
 
 Effective
        May 11, 2007, the Company agreed to issue 733,333 shares of common stock
        in
        exchange for debt in the amount of $110,000.  The fair market value of
        the stock was $1,298,000 ($1.77 per share) and the Company recorded stock
        compensation expense of $1,188,000.
 
 
 Stock-Based
        Compensation
 
 The
        Company periodically issues stock to various service providers as a form
        of
        compensation.  The services are valued at the fair market value of the
        services performed at fair market value of the stock whichever is more readily
        available.
 
 In
        September 2004, the Company established its 2004 Employee Stock Incentive
        Plan
        in order to attract and retain employees and to provide employees who make
        significant and extraordinary contributions to the Company’s long-term growth
        and performance with equity-based compensation incentives.  In
        addition, the Company established its 2004 Non-Employee Directors and
        Consultants Retainer Stock Plan in order to promote the Company’s interests and
        those of its stockholders by attracting and retaining non-employee directors
        and
        consultants capable of furthering the Company’s future success.  In
        December 2004, the Company amended both plans to increase the number of shares
        available to 153,000,000 and 80,000,000 shares, respectively.
 
 In
        March
        2005, the Company established its 2005 Employee Stock Incentive Plan in order
        to
        attract and retain employees and to provide employees who make significant
        and
        extraordinary contributions to the Company’s long-term growth and performance
        with equity-based compensation incentives.  There are 100,000,000
        shares authorized under the plan, of which 90,100,000 shares have been
        issued.
 
  
  **NOTE
        5 - STOCKHOLDERS’ DEFICIT (CONTINUED)**
 
 Stock
        Options
 
 In
        order
        to retain highly skilled employees, officers and directors, outside service
        providers, and to obtain general funding, the Company’s Board of Directors has
        granted unqualified stock options periodically to various
        individuals.  They are generally granted at not less than eighty-five
        percent of market price and have a life of up to five years and vest immediately
        or after 18 months.
 
 There
        were no options issued during the years ended June 30, 2007 and
        2006.  At June 30, 2007, the Company has options outstanding for 15.41
        shares at a weighted average exercise price of $48,000.  The options
        expire at various dates through May 27, 2012.
 
 Change
        in Control
 
 On
        July
        25, 2005, Ashvin Mascarenhas accepted 10,000,000 shares of our Class B, Series
        1
        Preferred Stock issued (currently Series B Preferred Stock after giving effect
        to our reincorporation in February 2005) in the name of Randy Betts (the
        “Preferred Stock”) in consideration of the obligations of Mr. Betts secured
        under that certain $600,000 Secured Promissory Note dated January 5, 2005
        made
        by Mr. Betts in favor of Mr. Mascarenhas (the “Note”). Mr. Betts originally
        issued the Note as payment for his purchase of the Preferred Stock from Mr.
        Mascarenhas and the Note was secured by a Pledge Agreement whereby Mr. Betts
        pledged and granted a security interest in and to the Preferred Stock until
        such
        time as the Note was paid in full. Mr. Betts failed to make any of the payments
        under the Note resulting in an Event of Default under the Pledge Agreement
        and
        giving Mr. Mascarenhas rise to all rights and remedies as a secured party
        with
        respect to the Preferred Stock.
 
 Reverse
        Stock Splits
 
 On
        August
        9, 2005, the Company approved a 1 for 1,500 reverse stock split.  The
        reverse split became effective August 29, 2005.  All references to
        common stock and per share data have been retroactively restated to show
        the
        effect of the reverse stock split.  The Company’s transfer agent
        issued 13 “rounding” shares related to the reverse split.
 
 
 **NOTE
        6 – INCOME TAXES**
 
 The
        Company recognizes deferred tax liabilities and assets based on the differences
        between the tax basis of assets and liabilities and their reported amounts
        in
        the financial statements that will result in taxable or deductible amounts
        in
        future years.  The Company provides for a valuation allowance if it is
        more likely than not that some portion or all of the deferred tax assets will
        not be realized.
 
 As
        of
        June 30, 2007, the Company has net operating loss (NOL) carryforwards of
        approximately $178,000, which expire through 2027.  The Company has
        recorded a valuation allowance of $60,000 for the year ended June 30,
        2007.  The change in the valuation allowance for the years ended June
        30, 2007 and 2006 was $29,000 and $31,000, respectively.
 
 
 **NOTE
        7 – COMMITMENTS AND CONTINGENCIES**
 
 The
        Company is involved in litigation alleging the Company’s breach of a contract by
        delaying its resale of certain Company stock.  During the period ended
        March 31, 2005, the Company reached an agreement (the “Parrish Agreement”) to
        settle the case for $120,000, payable as follows:  $10,000 upon
        execution of a definitive settlement agreement, and $10,000 per month for
        eleven
        months commencing forty-five days after execution of the agreement.
 
 On
        July
        25, 2005, the Company entered into an Assignment and Assumption Agreement
        ("Assignment Agreement") with Global Material & Services, Inc, ("Global")
        whereby the Company assigned all the Company's obligations under the Parrish
        Agreement in exchange for forgiveness of certain demand notes ("Demand Notes")
        under which the Company lent funds to Global.  Global failed to make
        the monthly payments pursuant to the Assignment Agreement and is in
        default.  Because of Global's default, on September 16, 2005, the
        plaintiffs filed and were granted the stipulated judgment pursuant to the
        Parrish Agreement for $200,000.  Under the Assignment Agreement, the
        Company credited the Demand Notes in the amount of three payment of $10,000
        in
        addition to the initial payment of $10,000, reducing the obligation to $160,000
        as of June 30, 2006.  During 2007, the Company agreed to issue 733,333
        shares of common stock in exchange for $110,000 of the obligation, reducing
        the
        balance to $50,000 as of June 30, 2007.
 
 On
        or
        about March 30, 2006, the Company was notified that it was a defendant in
        a
        civil lawsuit in the Superior Court of the State of California, County of
        Los
        Angeles, Howard Weiss vs. Ashvin Mascarenhas, Inform Worldwide Holdings,
        et. al.
        alleging that we and Mr. Mascarenhas made misrepresentations in a security
        transaction, failed to disclose material information by corporate "insiders",
        sale of securities in violation of qualification requirements, breach of
        contract and breach of guarantee.  The plaintiff has sought
        compensatory damages in an amount of $319,000 plus interest.  The
        plaintiff has also requested an award of punitive damages in an amount to
        be
        proven at the time of trial.  Outside counsel indicates that the
        litigation has proceeded through a preliminary pleading phase wherein the
        Company filed a demurrer to the Complaint and Plaintiff responded by filing
        a
        First Amended Complaint.  Outside counsel also indicated that the
        potential liability may be limited to $250,000, without recovery of interest,
        less potential cross-claims; possibly in the form of indemnification from
        a
        third party.  On December 28, 2006, the plaintiff and the Company, Mr.
        Mascarenhas and certain affiliates of the Company entered into a settlement
        agreement whereby a Dismissal with prejudice has been approved by the
        Court.  Mr. Mascarenhas agreed to pay and has paid the plaintiff
        $325,000 and delivered 10,000 shares of the Company’s restricted common stock.
        The Company has agreed to grant “piggyback” registration rights to the 10,000
        shares.  The parties also agreed to mutually release each other from
        all claims.
 
 
 **NOTE
        8 – RESTATEMENT**
  The
        Company is restating its previously filed balance sheet at June 30, 2006,
        and
        statements of operations, cash flows, and changes in stockholders’ equity for
        the fiscal year ended June 30, 2006. In addition, the restatement impacts
        the previously issued financial statements for the quarterly periods during
        the
        year ended June 30, 2007 and the corresponding quarterly periods during the
        fiscal year ended June 30, 2006.  The Company intends to amend
        its filings on Form 10-QSB to reflect the impact of the restatement on the
        quarterly reporting periods.
  The
        Company has categorized the restatement adjustments into two categories,
        as
        follows:
  **Accounting
        for Notes Payable and Advances to Related Party**
  In
        August, 2005, the Company entered into agreements with an individual to provide
        financing of $250,000 for an investment and to provide consulting services
        aggregating $40,000.  Simultaneously, the Company entered into
        agreements with Soam Oil & Gas Investments, LLC (“Soam”), under which Soam
        would invest the funds and reimburse the Company for all costs incurred,
        including interest expense on the financing and consulting
        expenses.  Soam is considered a related party because the principle
        owner of Soam is also the majority stockholder of the Company.  The
        transaction with Soam was designed to exactly offset the impact of the original
        transactions.  The Company did not record any of the transactions
        because it believed that it had a valid right of offset between the various
        transactions.  The Company subsequently determined that it should have
        recorded all of the transactions.
 
 The
        promissory note bore interest at 20% annual percentage rate and was due on
        November 23, 2005.  All payments under the consulting agreement were
        due on November 23, 2005.  Neither the Company nor Soam were able to
        make the payments required under the agreements and the matter entered
        litigation during 2006.  On December 28, 2006, the Company (and its
        co-defendants) entered into a settlement agreement with the
        individual.  The Company’s majority stockholder agreed to pay the
        individual $325,000 plus deliver 10,000 shares of the Company’s restricted
        common stock.  The restricted stock had been previously issued by the
        Company and was owned by the majority stockholder at the time of the settlement
        agreement.
 
 Correction
        of this error on the June 30, 2006 financial statements had the following
        impact.  Recording the original note payable and the advance to
        related party increased both current assets and current liabilities by
        $250,000.  Recording interest on the note payable and on the advance
        to related party increased both interest expense and interest income by
        $42,432.  Recording the consulting contract increased general and
        administrative expenses by $40,000 and other income from related party by
        $40,000.  There was no effect on net loss or accumulated
        deficit.
 
 **Accounting
        for Related Party Payables and Conversion of Note Payable**
 
 On
        September 30, 2004, the Company issued a promissory note to its majority
        stockholder for repayment of certain expenses.  The Company’s majority
        stockholder subsequently agreed to assign all of his rights and benefits
        under
        the note to another entity.  Effectively, September 1, 2005, the
        Company agreed to convert the note into 2,000,000 shares of the Company’s common
        stock.  The Company did not record its agreement to convert debt into
        stock.
 
  Correction
        of this error on the June 30, 2006 financial statements had the following
        impact.  On September 1, 2005, the Company’s common stock had a quoted
        market value of $1.04 per share and 2,000,000 shares had an aggregate value
        of
        $2,080,000.  The Company recorded stock compensation expense of
        $1,905,601 and common stock payable of $2,080,000.  These transactions
        increased common stock, net loss, and accumulated deficit by
        $1,905,601.
  
 
 **NOTE
        9 – SUBSEQUENT EVENTS**
 
 During
        July, 2007, the Company entered into a $400,000 promissory note.  The
        note bears interest at 10% and is due on demand.  At the lender’s
        option, the note may be converted into the Company’s common stock at the rate of
        one share for each $0.10 of indebtedness.
 
 On
        July
        11, 2007, the Company’s wholly owned subsidiary, One World Energy Corporation
        (“OWEC”) entered into a coal lease (the “Mancabelli Coal Lease”) with Ronald A.
        and Margery S. Mancabelli (“Mancabelli”). Pursuant to the Coal Lease, OWEC
        leased from Mancabelli approximately 86.64 acres located in Conemaugh Township,
        Indiana County, Pennsylvania, for the purpose of mining and removing
        coal.
 
 Pursuant
        to the terms of the Mancabelli Coal Lease, Mancabelli will receive a royalty
        of
        the greater of 10% of the coal selling price or $2.00 per
        ton.  Mancabelli will also receive an advance royalty payment of
        $3,000 and 2,500 restricted shares of the Company’s common stock.
 
 Effective
        July 12, 2007, OWEC entered into a coal lease (the “Beckham Coal Lease”) with
        Charles D. and Todd E. Beckham (“Beckham”). Pursuant to the Beckham Coal Lease,
        OWEC leased from Beckham approximately 180 acres located in Monongahela
        Township, Greene County, Pennsylvania, for the purpose of mining and removing
        coal.
 
 Pursuant
        to the terms of the Beckham Coal Lease, Beckham will receive a royalty of
        the
        greater of 10% of the coal selling price or $2.10 per ton.  Beckham
        will also receive an advance royalty payment of 1,000 restricted shares of
        the
        Company’s common stock, and, beginning July 11, 2009, a minimum monthly royalty
        of $500.
 
 In
        addition, effective July 16, 2007, the Company entered into a coal bed methane
        lease (the “CBM Lease”) with Beckham for the same property for the purpose of
        exploring and extracting coal bed methane.
 
 Pursuant
        to the terms of the CBM Lease, Beckham will receive 12.5% of the selling
        price
        of the coal bed methane produced.  Beckham will also receive a payment
        of 1,000 restricted shares of the Company’s common stock and, beginning August
        1, 2008, a delay rental of $180 quarterly, until the Company begins the coal
        bed
        methane marketing on the property as contemplated in the CBM Lease.
 
 On
        July
        31, 2007, OWEC entered into an independent contractor agreement (the “Contractor
        Agreement”) with Ralph Smith and Son, Inc. (“Smith”) pursuant to which OWEC
        granted Smith the right of first refusal as mining operator for surface coal
        mining projects OWEC acquires. OWEC will provide the necessary operating
        capital
        and equipment for each project.  Smith will receive forty percent
        (40%) of the net revenue generated from each project.  As additional
        consideration for entering into the Contractor Agreement Smith assigned all
        rights and privileges to the “Motoncha” and “Selinger” leases for the purpose of
        mining and removing coal from approximately 62 acres located in Conemaugh
        Township, Indiana County, Pennsylvania. In addition, OWEC and Smith entered
        a
        contract mining agreement for the “Nowrytown #1 Mine” project, located in
        Conemaugh Township, Indiana County, Pennsylvania, pursuant to which, Smith
        will
        receive forty percent (40%) of the net revenue with OWEC providing the operating
        capital and equipment for the project.
 
 In
        addition, OWEC and Smith
        entered Contract Mining Agreement for the Nowrytown #1 Mine project, located
        in
        Conemaugh Township, Indiana County, Pennsylvania, pursuant to which, as
        mentioned above, Smith will receive forty percent (40%) of the net revenue
        with
        OWEC providing the operating capital and equipment for the
        project.
 
 On
        August
        28, 2007, Inform Worldwide Holdings, Inc.’s (the “Company”) wholly owned
        subsidiary, One World Energy Corporation (“OWEC”) entered into an Assignment of
        Lease (“Assignment”) with Soam Energy, LLC (“Soam”), an affiliate of the Company
        owned by Ashvin Mascarenhas, the Company’s Chief Executive Officer and Director,
        pursuant to which Soam assigned to OWEC its leasehold interest for the property
        located in Westmoreland County, Pennsylvania known as the “Banning 1
        Lease”.  Pursuant to the Assignment Soam will receive a royalty of one
        dollar ($1.00) per ton of coal produced by OWEC.
 
 On
        August
        28, 2007, the Company entered into a Dissolution Agreement with Soam (the
        “Dissolution Agreement”) to dissolve the Joint Venture Agreement, dated November
        7, 2006 (the “Joint Venture Agreement”), between the Company and Soam. Under the
        Joint Venture Agreement, the Company and Soam established a joint venture
        to
        develop, process and sell coal in respect of the Banning 1 Lease. Pursuant
        to
        the Dissolution Agreement, the Company and Soam agreed that the assets of
        the
        joint venture will be distributed pro rata to the parties in accordance with
        their respective interests under the joint venture.
 
 
 
 
  
  **Item
        8. Changes In and Disagreements With Accountants on Accounting and Financial
        Disclosure.**
 
 None
 
 **Item
        8A. Controls and Procedures.**
 
 Regulations
        under the Securities Exchange Act of 1934 require public companies to maintain
        “disclosure controls and procedures,” which are defined to mean a company’s
        controls and other procedures that are designed to ensure that information
        required to be disclosed in the reports that it files or submits under the
        Securities Exchange Act of 1934 is recorded, processed, summarized and reported,
        within the time periods specified in the SEC’s rules and forms.
  Under
        the
        supervision and with the participation of our management, including our Chief
        Executive Officer (our principal executive officer) and our Chief Financial
        Officer (our principal financial officer) we evaluated the effectiveness
        of our
        disclosure controls and procedures (as defined under Rule 13a-14(c) of the
        Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based on this
        evaluation performed as of the end of the period covered by this report,
        our
        Chief Executive Officer and our Chief Financial Officer concluded that our
        disclosure controls and procedures as of June 30, 2007, were effective to
        ensure
        that information we are required to disclose in the reports that we file
        or
        submit under the Exchange Act is recorded, processed, summarized and reported
        within the time periods specified in the SEC’s rules and forms. There were no
        significant changes in our internal controls or in other factors that could
        significantly affect these controls subsequent to the date of their
        evaluation.
 
 **Item
        8B. Other Information.**
  None
  
  **PART
        III**
 
 **Item
                  9.**
              **Directors,
                  Executive Officers, Promoters And Control Persons; Compliance With
                  Section
                  16(A) Of The Exchange Act**
 
 **Executive
        Officer and Directors**
 
 Our
        executive officers and directors, the positions held by them, and their ages
        are
        as follows:
 
 **Name**   **Age**  **Position**
 
 Ashvin
        Mascarenhas 38  Chairman of the Board of
        Directors, President, Chief ExecutiveOfficer and
        Secretary
 
 **Ashvin
        Mascarenhas** is the Chairman of the Board and our President, and
        Secretary since June 30, 2004, and our Chief Executive Officer since May
        15,
        2007. At the end of 2003, Mr. Mascarenhas founded Loyola Holdings, Inc.,
        a
        private holding company, and Loyola Financial Services, Inc., a private
        consulting company, and he is currently the principal owner and operator
        of each
        of these companies. From 2002 to 2003, Mr. Mascarenhas was a consultant for
        Alexander & Wade, Inc., a private investment banking consulting company
        located in San Diego, California. From 2001 to 2002, Mr. Mascarenhas provided
        corporate finance and sales consulting services to Cybertel Communications
        Corp., a publicly traded telecommunications company located in La Mirada,
        California. During that period, he also consulted for Cybervest, Inc., a
        brokerage firm in Ft. Lauderdale, Florida, implementing its insurance and
        financial planning division. From 1998 to 2001, Mr. Mascarenhas was the Vice
        President of Sales and Marketing for America’s Health Choice Medical Plans,
        Inc., a privately held managed healthcare company located in Vero Beach,
        Florida.
 
 **Audit
        Committee**
 
 We
        do not
        have an audit committee at this time.
 
 **Code
        of Ethics**
 
 Effective
        July 1, 2004, our board of directors adopted the Inform Worldwide Holdings,
        Inc.
        Code of Business Conduct and Ethics, or the Code of Ethics. The board of
        directors believes that our Code of Ethics provides standards that are
        reasonably designed to deter wrongdoing and to promote the following: (1) honest and ethical conduct, including the ethical
        handling of
        actual or apparent conflicts of interest between personal and professional
        relationships;(2) full, fair, accurate, timely, and
        understandable disclosure in reports and documents that we file with, or
        submit
        to, the Securities and Exchange Commission; (3) compliance with
        applicable governmental laws, rules and regulations;the prompt
        internal reporting of violations of the Code of Ethics to an appropriate
        person
        or persons; and(4) accountability for adherence to the Code
        of
        Ethics. Our Code of Ethics is attached as an exhibit to this annual report,
        and
        we will provide a copy of our Code of Ethics by mail to any person without
        charge upon written request to us at 2501 N. Green Valley Parkway, Suite
        110,
        Henderson, NV 89014.
 
 **Section
        16(a) Beneficial Ownership Reporting Compliance**
  Section 16(a)
        of the Securities Exchange Act of 1934, as amended, requires our directors,
        executive officers, and stockholders holding more than 10% of our outstanding
        common stock, to file with the Securities and Exchange Commission initial
        reports of ownership and reports of changes in beneficial ownership of our
        common stock. Executive officers, directors and greater-than-10% stockholders
        are required by SEC regulations to furnish us with copies of all
        Section 16(a) reports they file. To our knowledge, based solely on review
        of the copies of such reports furnished to us for the period ended June 30,
        2007, all Section 16(a) reports required to be filed by our executive
        officers, directors and greater-than-10% stockholders were filed on a timely
        basis.
 
 **Item
        10. Executive Compensation**
 
 The
        following table sets forth the cash compensation paid to the Chief Executive
        Officer for services rendered during the fiscal years ended June 30, 2007
        and
        2006. No other officer received any compensation for services rendered during
        the fiscal years ended June 30, 2007 and 2006..
 
 **Annual
                  Compensation**
              
              **Long-Term
                  Compensation****Common
                  Shares****Underlying**
              
              **All****Restricted**
              
              **Options**
              
              **Other****Other
                  Annual**
              
              **Stock**
              
              **Granted**
              
              **Compen****Name
                  and Position**
              
              **Year**
              
              **Salary**
              
              **Bonus**
              
              **Compensation**
              
              **Awards
                  ($)**
              
              **(#
                  Shares)**
              
              **-sation**Ashvin
                  Mascarenhas
              
              2007
              
              ___$15,000
              
              ___
              
              ___
              
              ___
              
              ___
              
              ___*President,Chief
                  Executive Officer, Secretary and Director*
              
              2006
              
              -0-
              
              -0-
              
              N/A
              
              N/A
              
              N/A
              
              N/A
 
 
 **Option
        Grants and Exercises**
 
 There
        were no option grants to or exercises by any of the executive officers named
        in
        the Summary Compensation Table above.
 
 **Employment
        Agreements**
 
 On
        May 15, 2007, Ashvin Mascarenhas and
        the Company entered into a four year renewable Employment
        Agreement.  Mr. Mascarenhas will serve as Chief Executive
        Officer.  The agreement provides for a monthly base salary and performance
        incentives. Mr.****Mascarenhas
        will also receive stock options to purchase up to 500,000 shares of common
        stock
        upon the adoption by the company of an Employee Stock Option Plan. The exercise
        price of the options is to be determined by the Board of
        Directors.  The Employment Agreement may be terminated with or without
        cause by the Company or Mr. Mascarenhas as provided therein
 
 **Compensation
        of Directors**
 
 All
        directors receive reimbursement for reasonable out-of-pocket expenses in
        attending board of directors meetings and for promoting our business. From
        time
        to time we may engage certain members of the board of directors to perform
        services on our behalf. In such cases, we compensate the members for their
        services at rates no more favorable than could be obtained from unaffiliated
        parties.
 
 **Item
        11. Security Ownership of Certain Beneficial Owners and
        Management.**
 
 The
        following table sets forth certain information regarding the beneficial
        ownership of our common stock as of year end by the following
        persons:
  ·
              each
                  person who is known to be the beneficial owner of more than five
                  percent
                  (5%) of our issued and outstanding shares of common
                  stock;·
              each
                  of our directors and executive officers; and·
              all
                  of our directors and executive officers as a
                  group.
  **Name
                  And Address**
              **Number
                  Of Shares Beneficially Owned**
              **Percentage
                  Owned**Ashvin
                  Mascarenhas(1)
              39,940,000(2)
              92.6%Loyola
                  Holdings, Inc.(1)
              7,000,000
              16.2%All
                  directors and officers as a group
              39,940,000
              92.6%
 
 (1) Unless
        otherwise noted, the address is 2501 North Green Valley Parkway, Suite 110,
        Henderson, NV 89014.
 
 (2)           Includes
        7,000,000 shares owned by Loyola Holdings, Inc., 1,940,000 shares owned by
        Mr.
        Mascarenhas’s mother, and 1,000,000 shares owned by Mr. Mascarenhas’s father.
        Mr. Mascarenhas is the chief owner and operator of Loyola Holdings,
        Inc.
 
 
 The
        table
        above assumes that there are 43,153,167 common shares issued and outstanding.
        Beneficial ownership is determined in accordance with the rules and regulations
        of the SEC. The number of shares and the percentage beneficially owned by
        each
        individual listed above include shares that are subject to options held by
        that
        individual that are immediately exercisable or exercisable within 60 days
        from
        the date of this report and the number of shares and the percentage beneficially
        owned by all officers and directors as a group includes shares subject to
        options held by all officers and directors as a group that are immediately
        exercisable or exercisable within 60 days from the date of this
        report.
 
 **Item
        12. Certain Relationships and Related Transactions.**
 
 **None.**
  
  **Item
        13. Exhibits.**
 
 Exhibit
        No. Description
 
 2.1
              Agreement
                  and Plan of Merger dated February 1, 2005 between Inform Worldwide
                  Holdings, Inc., a Florida Corporation and Inform Worldwide Holdings,
                  Inc.,
                  a Colorado Corporation. (1)3.1
              Articles
                  of Incorporation. (1)3.2
              Articles
                  of Amendment to Articles of Incorporation (2)3.2
              Bylaws.
                  (1)4.1
              Second
                  Amended and Restated 2004 Inform Worldwide Holdings, Inc. Employee
                  Stock
                  Incentive Plan. (3)4.2
              Second
                  Amended and Restated Inform Worldwide Holdings, Inc. 2004 Non-Employee
                  Directors and Consultants Retainer Stock Plan. (3)4.3
              2005
                  Stock Incentive Plan. (4)10.1
              Stock
                  Purchase Agreement dated January 5, 2005 between the Company, Ash
                  Mascarenhas and Randy W. Betts. (5)10.2
              Settlement
                  Agreement between Larry G. Arnold and Inform Worldwide Holdings,
                  Inc.
                  (6)10.3
              Agreement
                  dated as of July 25, 2005 between Randy W. Betts and Ash Mascarenhas
                  (7)10.4
              Consulting
                  Agreement dated as of September 13, 2005 between Inform Worldwide
                  Holdings, Inc. and Investor Relations Services, Inc.10.5
              Joint
                  Venture Agreement, dated November 7, 2006, between Inform Worldwide
                  Holdings, Inc. and Soam Energy, L.L.C. (8)10.6
              Executive
                  Employment Agreement, dated May 15, 2007, between Inform Worldwide
                  Holdings, Inc. and Ashvin Mascarenhas (9)10.7
              Agreement,
                  dated May 25, 2007, between the Inform Worldwide Holdings, Inc.
                  and Opal
                  Industries, Inc. (10)10.8
              Agreement
                  to Proceed: Heavy Equipment Purchase, dated June 4, 2007, between
                  Inform
                  Worldwide Holdings, Inc. (10)10.9
              Purchase
                  and Sale Agreement, dated June 14, 2007, between Inform Worldwide
                  Holdings, Inc. and Soam Oil & Gas Investments, LLC
                  (11)10.10
              Coal
                  Lease, dated July 11, 2007, between One World Energy Corporation
                  and
                  Ronald A. and Margery S. Mancabelli (12)10.11
              Coal
                  Lease, dated July 12, 2007, between One World Energy Corporation
                  and
                  Charles D. and Todd E. Beckham (13)10.12
              Coal
                  Bed Methane Lease, dated July 16, 2007, between One World Energy
                  Corporation and Charles D. and Todd E. Beckham (13)10.13
              Independent
                  Contractor Agreement, dated July 31, 2007, between One World Energy
                  Corporation and Ralph Smith and Son, Inc. (14)10.14
              Assignment
                  of Lease Amendment, dated July 31, 2007, between One World Energy
                  Corporation and Millwood Development, Inc. (14)10.15
              Contract
                  Mining Agreement, dated July 31, 2007, between One World Energy
                  Corporation and Ralph Smith & Son, Inc. (14)10.16
              Assignment
                  of Lease, dated August 28, 2007, between One World Energy Corporation
                  and
                  Soam Energy, LLC (15)10.17
              Dissolution
                  Agreement, dated August 28, 2007, between One World Energy Corporation
                  and
                  Soam Energy, LLC (15)14
              Inform
                  Worldwide Holdings, Inc. Code of Business Conduct and Ethics.
                  (6)16.1
              Letter
                  from Ehrhardt Keefe Steiner & Hottman, PC. (16)31.1
              Certification
                  of Ashvin Mascarenhas pursuant to Rule 13a-14(a).32.2
              Certification
                  of Ashvin Mascarenhas pursuant to 18 U.S.C Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of
                  2002.(1)
              Filed
                  as an appendix to our Preliminary Proxy Statement on Form 14C (File
                  No.
                  000-29994) and incorporated by reference herein.(2)
              Filed
                  an exhibit on our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  January 16, 2007 and incorporated by reference herein.(3)
              Filed
                  as an exhibit to our Registration Statement on Form S-8 (File No.
                  333-121898) and incorporated by reference herein.(4)
              Filed
                  as an exhibit to our Registration Statement on Form S-8 (File No.
                  333-123054) and incorporated by reference herein.(5)
              Filed
                  as an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  January 7, 2005, and incorporated by reference herein.(6)
              Filed
                  as an exhibit to our Annual Report on Form 10KSB (File No. 000-29994)
                  for
                  the year ended June 30, 2004 and incorporated herein by
                  reference.(7)
              Filed
                  an exhibit on our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  August 10, 2005 and incorporated by reference herein.(8)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  December 29, 2006 and incorporated by reference herein.(9)
              Filed
                  as an exhibit to our Quarterly Report on Form 10QSB (File No. 000-29994)
                  for the quarter ended March 31, 2008 and incorporated herein by
                  reference.(10)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  June 11, 2007 and incorporated by reference herein.(11)
              Filed
                  as an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  June 21, 2007(12)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  July 20, 2007 and incorporated by reference herein.(13)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  July 25, 2007 and incorporated by reference herein.(14)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  August 6, 2007 and incorporated by reference herein.(15)
              Filed
                  an exhibit to our Current Report on Form 8-K (File No. 000-29994)
                  filed
                  September 5, 2007 and incorporated by reference herein.(16)
              Filed
                  an exhibit on our Current Report on Form 8-K (File No. 000-29994)
                  dated
                  July 25, 2005 and incorporated by reference herein
                  .
 
 **Item
        14. Principal Accountant Fees and Services.**
 
 **Appointment
        of Auditors**
  Our
        Board
        of Directors selected Stark Winter Schenkein & Co., LLP, independent
        accountants, as our auditors for the years ended June 30, 2007 and
        2006.
 
 **Audit
        Fees**
 
 Stark
        Winter Schenkein & Co., LLP, billed us $19,160 and $18,150 in fees for our
        interim reviews and annual audit for the year ended June 30, 2007 and 2006,
        respectively.
 
 **Audit-Related
        Fees**
 
 We
        did
        not pay any fees to Stark Winter Schenkein & Co., LLP for assurance and
        related services that are not reported under Audit Fees above in 2007 or
        2006.
 
  
  **Tax
        and All Other Fees**
  We
        did
        not pay any fees to Stark Winter Schenkein & Co., LLP for tax compliance,
        tax advice, tax planning or other work during our fiscal years ending June
        30,
        2007 and 2006.
 
 **Pre-Approval
        Policies and Procedures**
 
 We
        have
        implemented pre-approval policies and procedures related to the provision
        of
        audit and non-audit services. Under these procedures, our board of directors
        pre-approves all services to be provided by Stark Winter Schenkein & Co.,
        LLP and the estimated fees related to these services.
 
 With
        respect to the audit of our financial statements as of June 30, 2007 and
        for the
        year then ended, none of the hours expended on Stark Winter Schenkein & Co.,
        LLP ‘s engagement to audit those financial statements were attributed to work
        by
        persons other than Stark Winter Schenkein & Co., LLP’s full-time, permanent
        employees.
 
 Signatures
 
 In
        accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
        the
        registrant caused this report to be signed on its behalf by the undersigned,
        thereunto duly authorized.
  Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, this
        report has been signed below by the following persons on behalf of the
        registrant and in the capacities indicated.
 
 **INFORM
        WORLDWIDE HOLDINGS,
        INC.**
 
 By:
        /s/ Ashvin
        Mascarenhas
 Ashvin
        Mascarenhas, Chairman, Chief
        Executive Officer,President and Secretary
 
 
 
 Signatures    Title                                                 Date
 
 
 /s/
        Ashvin Mascarenhas  Chairman of the Board, President, Chief
        Executive              ___,
        2007   Ashvin Mascarenhas    Officer, and
        Secretary