----

----

**UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549**___________________**FORM 10-QSB**_______________________

**ý                                QUARTERLY REPORT PURSUANTTO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

  

For the quarterly period ended December 31, 2007

  

or

  

** ̈                                TRANSITION REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

  

For the transition period from               to

  

Commission file number 0-52493

  

**VERACITYMANAGEMENT GLOBAL, INC.**(Exact Name Of RegistrantAs Specified In Its Charter)
| Delaware                                          | 43-1889792                              |
|---------------------------------------------------|-----------------------------------------|
| (State of Incorporation)                          | (I.R.S. Employer    Identification No.) |
|                                              |                                    |
| 2655    LeJeune Road, Suite 311, Coral Gables, FL | 33134                                   |
| (Address of Principal    Executive Offices)       | (ZIP Code)                              |

Registrant's Telephone Number, Including Area Code: (305)728-1359

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

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Exchange Act). Yes  ̈ No x

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, or anon-accelerated filer.
| Large accelerated    filer  ̈ | Accelerated filer  ̈  | Non-accelerated    filer x |
|----------------------------------|-------------------------------|--------------------------------|

On February 11,2008, the Registrant had 33,660,411 shares of common stock issued and outstanding.

----

----

----

----

 

TABLE OF CONTENTS
| Item                               |                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Page |
|------------------------------------|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|
| **PART I - FINANCIAL INFORMATION** |
|                               |
| ITEM 1.                            |      |   CONSOLIDATED    FINANCIAL STATEMENTS.
    3  
ITEM 2.
    
  MANAGEMENT'S    DISCUSSION AND ANALYSIS AND RESULTS OF OPERATION.
    3   ITEM 3.  CONTROLS AND    PROCEDURES4  
**PART II - OTHER    INFORMATION**
  
ITEM 1.
    
  LEGAL    PROCEEDINGS.
    4  
ITEM 2.
    
  RECENT    SALES OF UNREGISTERED EQUITY SECURITIES AND USE OF PROCEEDS
    4   
ITEM 3.
    
  DEFAULT    UPON SENIOR SECURITIES.
    4   
ITEM 4.
    
  SUBMISSION    OF MATERS TO A VOTE OF SECURITY HOLDERS.
    4   
ITEM 5.
    
  OTHER    INFORMATION.
    4   ITEM 6.  EXHIBITS4
 
****
**PART I - FINANCIAL INFORMATION**

ITEM1. FINANCIAL STATEMENTS****Back to Table ofContents

The Registrant's unaudited interim financial statementsare attached hereto. UnauditedInterim Financial Statements

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONBack to Table of Contents

Some of the statements contained in this quarterlyreport of Veracity Management Global, Inc., a Delaware corporation (hereinafter referred to as "we", "us", "our","Company" and the "Registrant") discuss futureexpectations, contain projections of our plan of operation or financial condition or stateother forward-looking information. Forward-looking statements give our currentexpectations or forecasts of future events. You can identify these statements by the factthat they do not relate strictly to historical or current facts. They use of words such as"anticipate," "estimate," "expect," "project,""intend," "plan," "believe," and other words and terms ofsimilar meaning in connection with any discussion of future operating or financialperformance. From time to time, we also may provide forward-looking statements in othermaterials we release to the public.
***General

The Registrant acquired its operating subsidiaries Veracity Management Group, a Floridacorporation ("VMG") and Secured Financial Data Inc., a Florida corporation("SFD") effective on July 1, 2006. Prior to the acquisition of its operatingsubsidiaries, during the period from May 2002 until the acquisition of its operatingsubsidiaries on July 1, 2006, the Registrant had only limited business operations. 
**Our Business Consulting Operations**
The Registrant is a consulting and professional services company specialized intechnology transformation, business continuity and disaster recovery planning processesand procedures. The Registrant assists corporations and organizations with the design,development and implementation of business solutions. These solutions varying fromrequirements based legislative regulation, such as; The Sarbanes Oxley (SOX) Act,Gramm-Leach Bliley Act (GLBA), and Health Insurance Portability and Accountability Act(HIPAA). Additionally our consulting services encompass solutions that meet ourclient’s strategic business needs, including organizational transformation, changemanagement, outsourcing, software development, integration, product identification, gapanalysis, configuration and installation of its related supporting infrastructure. 
**Regulatory and Compliance Consulting Services**
We provide consulting services to private and publicly traded companies. We work withour clients in the United States to help them meet their regulatory and governancerequirements. 

Our firm specializes in the transformation and alignment of business process automationand its supporting service business units. We assist our clients in standardizingtheir general computer based control processes through the implementation of appropriatemonitoring mechanisms into everyday IT activities. We use industry recognized bestpractices like COBIT, COSO, ITIL, PMI and Balance Scorecard. The use of these bestpractices not only insures an organization’s compliance and “best in class”operations, but provides the framework for subsequent outsourcing of non-strategicservices. In addition, we help our client establish an effective sustained complianceprogram through the automation of controls and their documentation repository. Using ourexpertise, we have successfully completed numerous Sarbanes-Oxley projects for customersin diverse industries. Having worked with many accounting firms responsible for SOXaudits, we can provide tailored methodologies that meet business in specific vertical'ssuch as Financial Services Institutions, Healthcare, and Manufacturing andDistribution. 

Our regulatory compliance services focus on primary areas, including projectmanagement, infrastructure implementation and documentation and testing support. Wecustomize the scope of our services based on our client's needs. 

To help with companies or organizations initiative to meet regulatory requirements, weperform a gap analysis by performing a trial audit of the client’s existing controlsand document the findings. We coordinate with internal and external auditors toensure all open or hidden issues are properly identified and accounted for. Using ourapproved findings, we leverage industry best practice operational models and methods tofill any gaps and revise all existing business documentation.. We then use the newlydeveloped operational model and execution plan to remediate the clients existingenvironment identifying each relevant key controls as a testing point. Finally, weliaison with internal and external auditors as needed.
**Our SOX Compliance Process**
At the beginning of each compliance project, we meet with our client to define primarygoals and objectives as well as additional opportunities that may present additionalbusiness benefits. Based on our findings, we will create a phased plan for implementing acompliance and process improvement program in collaboration with all key members in ourclient's organization. 

We meet with our clients independent auditors at several points throughout the processto ensure their acceptance of the evaluation criteria and documentation necessary forcertification of management’s assertions of internal controls. We guide our clientsthrough the entire implementation process, including remediation of deficient IT controls.

Beyond the primary goal of compliance, there are many opportunities for enhancing an ITenvironment. We provide suggestions on how to design a control structure to achieve theoptimal segregation of duties within your IT organization. We review their internalworkflow and help identify improvement opportunities providing increased efficiency andcost savings. 
**Our SOX Three-Phased Approach**
Executing a project in phases allows us to define clear milestones and checkpoints forconsistent and effective progress. Following is a general outline for achieving complianceand process improvement: 
**Phase 1 – Planning and scoping**
Confirm objectives, scope, success criteria and team members 
Ÿ Execute pilot – full documentation and testing for one businessstream 

Ÿ Confirm pilot results with auditor and finalize plans to move forward 

Phase 2 – Process documentation, evaluation and improvement 
Ÿ Document all current processes, procedures and control points 

Ÿ Identify potential process improvements and implement where appropriate 

Ÿ Identify control test plans and metrics and establish monitoringprocedure 

Phase 3 – Control testing and remediation 
Ÿ Execute tests of control points, document test results and identifyinconsistencies with expected results 

Ÿ Refine process or control to achieve compliance and update processdocumentation accordingly 

Many of our clients have achieved initial compliance with SOX requirements and are nowfaced with ongoing regulatory demands. These demands can rise from new legislation,changes to existing legislation and annual review of new business practices implemented tomeet business demands. We provide this ongoing support, including process changes,system upgrades and/or replacements.

Quarterly testing: We can define the scope of testing with your external auditors andexecute quarterly tests, including any required process remediation. 

Process improvement: We can work with our clients to make process and procedureimprovements aimed at improving efficiency and effectiveness. 
**Business Continuity Planning and Disaster Recovery Process**
As part of our SOX Compliance Services we provide regulatory solutions such as businesscontinuity planning, disaster recovery processes. Current regulations have multi-facetedrequirements. Our comprehensive approach starts with an initial risk and impactassessment, to the deployment of remotely monitored and secured redundant supportenvironments. These services include collocation services and/or outsourcing servicesfor client’s computer server and network equipment. We have relationships andpartnerships with Collocation Data Centers located across the US and overseas. 

Our comprehensive assessment process covers all aspects of insuring the survivabilityof our client’s businesses. The following describes an overview of ourcomprehensive solutions; 

Ÿ Which businessunits, operations and processes are absolutely essential to the survival of theorganization? 
Ÿ How quicklyessential business units or processes have to be back in operation before the impacts arecatastrophic 
Ÿ Which recoveryalternatives are the most plausible for meeting the recovery windows 
Ÿ Which resources areneeded to resume operations at a survival level for the essential parts of the business? 
Ÿ Which elements haveto be pre-positioned to meet recovery time windows 
As organizations change their business as a result of mergers and growth, theirrequirements also change. We offer collocation services for our client’s computer andnetwork infrastructure. The process side of our solution is a critical part of ourbusiness continuity and disaster recovery service products and packages. The data centerspace is rented or sub-leased by our clients from us for the purpose of housingclients’ computer servers and network equipment. 

Recovery Testing: After the implementation of a client’s equipment into the datacenter for collocation, we offer our client recovery testing in support of client auditprocesses. In this capacity we provide consulting services as follows: 
Ÿ Validatethat the awareness and communication plans are in place, understood and workable 
Ÿ Validate that theinfrastructure is in place to recover by performing mock events 
Ÿ Validate that keyprocesses required. 
Ÿ Validate logisticsare in place to relocate/provide systems access to employees 
We provide SOX Compliance Services that are true alternatives and compliments toin-house resources, offering a very high level of practical and hands-on experience,combined with quality of service and confidence. 

SOX Compliance is a huge structural and financial burden on the companies subject toits regulations. Being experts in all elements of SOX allows us to be prepared for our owncompany compliance requirements. This knowledge, understanding and expertise will reduceoverall compliance costs in the future and is a valuable intangible to the company.
**Gramm-Leach-Bliley Act Compliance Consulting Services**
The Financial Modernization Act of 1999, also known as the "Gramm-Leach-BlileyAct" or GLB Act, includes provisions to protect consumers’ personal financialinformation held by financial institutions. There are three principal parts to the privacyrequirements: the Financial Privacy Rule, Safeguards Rule and pretexting provisions. 

The GLB Act gives authority to eight federal agencies and the states to administer andenforce the Financial Privacy Rule and the Safeguards Rule. These two regulations apply to"financial institutions," which include not only banks, securities firms, andinsurance companies, but also companies providing many other types of financial productsand services to consumers. Among these services are lending, brokering or servicing anytype of consumer loan, transferring or safeguarding money, preparing individual taxreturns, providing financial advice or credit counseling, providing residential realestate settlement services, collecting consumer debts and an array of other activities.Such non-traditional "financial institutions" are regulated by the Federal TradeCommission ("FTC"). The FTC is one of eight federal agencies that, along withthe states, are responsible for developing a consistent regulatory framework to administerand enforce the Financial Privacy Rule. 

The Financial Privacy Rule governs the collection and disclosure of customers' personalfinancial information by financial institutions. It also applies to companies, whether ornot they are financial institutions, who receive such information. The Financial PrivacyRule requires financial institutions to give their customers privacy notices that explainthe financial institution’s information collection and sharing practices. In turn,customers have the right to limit some sharing of their information. Also, financialinstitutions and other companies that receive personal financial information from afinancial institution may be limited in their ability to use that information. 

The Safeguards Rule requires all financial institutions to design, implement andmaintain safeguards to protect customer information and to develop a written informationsecurity plan that describes how the financial institution is prepared for, and plans tocontinue to protect clients’ nonpublic personal information. The Safeguards Rule alsoapplies to information of those no longer consumers of the financial institution. Thisplan must include: 

Ÿ Denoting at leastone employee to manage the safeguards, 
Ÿ Constructing athorough [risk management] on each department handling the nonpublic information, 
Ÿ Develop, monitor,and test a program to secure the information, and 
Ÿ Change thesafeguards as needed with the changes in how information is collected, stored, and used. 
The Pretexting provisions of the GLB Act protect consumers from individuals andcompanies that obtain their personal financial information under false pretenses, apractice known as "pretexting." Pretexting occurs when someone tries to gainaccess to personal nonpublic information without proper authority to do so. This mayentail requesting private information while impersonating the account holder, by phone, bymail, by email, or even by "phishing" (i.e., using a "phony" websiteor email to collect data). The GLB Act has provisions that require the financialinstitution to take all precautions necessary to protect and defend the consumer andassociated nonpublic information. 

Financial Institutions

The GLB Act applies to "financial institutions" which is defined as entitiesthat offer financial products or services to individuals, such as loans, financial orinvestment advice, or insurance, among others. The FTC has authority to enforce the lawwith respect to "financial institutions" that are not covered by the federalbanking agencies, the Securities and Exchange Commission, the Commodity Futures TradingCommission, and state insurance authorities. Among the institutions that fall under FTCjurisdiction for purposes of the GLB Act are non-bank mortgage lenders, loan brokers, somefinancial or investment advisers, tax preparers, providers of real estate settlementservices, and debt collectors. At the same time, the FTC's regulation applies only tocompanies that are "significantly engaged" in such financial activities. 

The law requires that financial institutions protect information collected aboutindividuals; it does not apply to information collected in business or commercialactivities. 

GLB Act Compliance Services 

Identifying and assessing threats to customer information and evaluating theeffectiveness of a financial institution’s safeguards is a complex task that requiresin-depth knowledge of security technology and practices, as well as continualidentification of ever-changing security threats and requirements. Our management utilizesits expertise to conduct comprehensive assessment of its financial institutioncustomer’s controls and procedures to safeguard the institution’scustomer’s privacy information. We work with our financial institutioncustomer’s GLB Act compliance personnel in connection with the design, development,installation and implementation of a customized security program that cost-effectivelyaddresses key gaps in security.

Our services include thorough assessment of any vulnerability in our customer’sexisting network security plans, policies, operations, usage, performance, and physicalsecurity. We assess immediate security concerns to identify any gaps between the currentinfrastructure and identified requirements for GLB Act compliance as well as overallsystem security and ability of the financial institution to maintain security compliancebased upon projected growth. Such services may include preparing a comprehensive securitypolicy plan for our customers; optimizing our customer’s network performance andreliability and recommending products and services; providing for protection andmonitoring of network solutions; and creating disaster-recovery and business-continuityplans to ensure continued security of privacy information to satisfy GLB Act requirements.

We recognize that our financial institution customers confront both internal andexternal risks. These risks include, but are not limited to: 

Ÿ Unauthorized accessof their customers’ privacy information by someone other than the owner of thecovered data and information; 
Ÿ Compromised systemsecurity as a result of system access by an unauthorized person; 
Ÿ Interception ofdata during transmission; 
Ÿ Loss of dataintegrity; 
Ÿ Physical loss ofdata in a disaster; 
Ÿ Errors introducedinto the system; 
Ÿ Unauthorized accessof covered data and information by employees; 
Ÿ Unauthorizedrequests for covered data and information; 
Ÿ Unauthorized accessthrough hardcopy files or reports; and 
Ÿ Unauthorizedtransfer of covered data and information through third parties. 
To comply with the GLB Act, we advise our financial institution customers on theirplans and procedures to detect, prevent, and respond to network attacks, intrusions, andother system failures. As part of our disaster recovery and business continuity servicesunder the GLB Act, we provide our customers with collocation facilities and capacity tohouse our customer’s backup computer servers and network equipment on a fully-securebasis. This enables our financial institution customers to maintain their customersprivacy information during periods of disaster recovery ensuring business continuity withimmediate access at all times to the privacy information of their customers, which privacyinformation is safeguarded in compliance with the GLB Act. 

 **Technology Project Management and Strategic Planning Services**

Our firm segregates work into tracks to provide customers with greater visibility intothe work and effort being provided. We commonly partner with our customers byassembling a small team consisting of both Veracity and client personnel. We findthis cross company team approach particularly successful because: 
Ÿ Activelyinvolves key stakeholders early in the process 
Ÿ Lowersoverall cost of strategic initiatives 
Ÿ Promotesknowledge transfer between organizations 
Ÿ Facilitatesthe development of consensual recommendations (if and where appropriate) 
Ÿ Expeditesthe adoption and deployment process for recommendations 
Our greatest asset is providing our customers with a formal proven approach toaccomplish their strategic goals and objectives. This process aligns the operationalmodel of the Information Technology department to the enterprise businessstrategy. Use industry recognized methods, and processes VMG specializes in therunning, retooling and transforming of Information Technology departments.

VMG works from a results oriented solutions provider. Our solutions are developedfrom detailed root cause business and operational analysis. Our process is to developmeasurable value based, **O**perational****and**R**evenue **B**ased **S**trategic**(ORBS)** solutions. Our ORBS wholly encapsulate all solution dependencies, therebyreducing assumptions, failures and rework. The ORBS methodology leverages best practicessuch as the Project Management Institute’s PMIBOK framework and The BalanceScorecard. 

Our process identifies the business strategic and tactical objectives for eachinitiative and ties these to each business unit across the organization. To identifyindividual business unit impact, we interview managers, subject matter experts and users.This process also builds consensus among key stakeholders. We then perform currentstate analysis and gap to best practices.  Using this information we develop theappropriate solution and document the required catalog of services to support the businessneeds. We develop the initial project plan for the solutions implementation inclusive ofmethods to insure continuous improvement activities and metrics. Throughout thisprocess we manage to the client’s expectations, by repeatedly facilitating sessionsto revalidate consensus on the objectives, timeframes, budget and success measures toinsure the strategic alignment to business climate is maintained. 
**Transformation Services

Our firm specializes in assisting companies change. These changes many come aboutas part of a business climate change, where the methods and practices previously used areno longer valid. Many times our clients are not sure what is not working, they justknow they are either losing opportunities or have over built their operations throughyears of patch work resulting in non-scalable and costly infrastructure. Other timesopportunities come in forms of acquisitions, merger, etc.. Other times brand new businesslines are developed, but all in all change is occurring at all levels of the organizationand the organization is built to conduct the daily business at hand not retools andreshape themselves. This is where a firm like Veracity Management Group can provideenormous value. Veracity Management Group has developed a three step process thatinvolves identification, change modeling and remediation.
**Stage 1: Current State Assessment
**Strategic measures, service and resource inventory

Our process begins by identifying and distilling a high-level business driven strategicplan and quantitative success measures. We then assist in identifying the operationalsupporting services required to make such a plan successful. We start a parallelprocess to interview individuals, review business process maps, and inventory all assets,organizational hierarchies and their related resources. The final product is acomprehensive current state assessment of the client’s current operational model.
**Stage 2: Future State Definition and Design
**Best practices models, services catalog definition and resources

Using the current state models, VMG will facilitate gap sessions that explore and testagainst industry best practices. Our consultants will provide lessons learned andprevious industry experience in similar projects to simulate discussions challengingtraditional organizational and process silo’s, gaining client buy-in and identifyingclient sponsorship roles. We will develop a future state operational modelcontinually challenging and testing the client tolerance for change, maturity andformality by developing and instituting regulatory compliant policies and procedures eachtying to individual job descriptions and to a detailed service catalog that defines theoperational model and departmental organizational chart. 
**Stage 3: Transformation and implementation Roadmap 

3T’s, Tools, Talent and Tactics, planning and budgeting

Our process starts with the implementation of Program Office, whose charter is tomanage the organizational aspect of, leveraging our findings and developing or enhancingexisting change management processes required by the project. Using the future statedesign our consultants will develop a milestone based transformation roadmap to updatingthe organization. VMG fosters a buy versus build model, limiting custom developmentto integration or client unique functionality not available in the marketplace.Subsequently on the approval and acquisition of these tools we design the new operationalmodel developing talent refresh programs for the internal staff and updating all jobfunctions descriptions accordingly. VMG will finally present a scalable operationalmodel that integrates seamlessly to the enterprise. 
**Our Business Strategy 
*“We bring predictability to your business”***
Veracity Management Group is a Full Service Management Consulting company focused ondeveloping and nurturing a value based annuity relationship business with ourclients. 

We help organizations manage and make sense of obstacles and challenges they face inevery day business. Our firm specializes in developing, transforming, establishing anddelivering predictable operational models to information technology organizations. Throughthe use of industry best practices, strategic partnerships, and tools we deploy auditableand quantitative metric for business driven continuous improvement across the enterprise.

Our business objective is to become a leading provider in the market of providingtechnology transformation services, business continuity and disaster recovery planningprocesses and procedures. To pursue our objective, we are focusing on the followinginitiatives:

Build our business by: 

Ÿ obtainingsufficient financing to grow our business; 
Ÿ developing a strongbrand and reputation for business consulting services; and 
Ÿ attracting andretaining clients that are leaders in their respective fields. 
Ÿ through the sale ofproducts that automate client processes or resolve client objectives 
Generate and subsequently diversify our revenue by: 

Ÿ establishing ourservices as the leading solution for business continuity and disaster recovery planningprocesses and procedures; 
Ÿ increase the sizeand effectiveness of our marketing and sales methods; and expand our customer base 
Ÿ identifyingindustry leading products that we can be a vendor and representative for at a regional andor national level. The model is similar to that of any dealer including productrepresentation, sales, and continual support and upgrade throughout the client’sownership of product. 
Leverage our client relationships by: 

Ÿ developing newclient relationships through referrals ; 
Ÿ developingadditional services for existing and potential clients; and 
Ÿ entering into jointventures for particular markets that may develop for our services. 
Other Services

We provides IT infrastructure staffing, project management, commercial building networkmanagement, data center relocation, outsourcing, SAN installation and configuration. Wealso provide disaster recovery assessment, plan implementation and design of solutions.Our strength in the industry is the approach we have developed as we lead the way indesigning and delivering the best long-term solutions for client infrastructure needs. Ourteams provide Fiber Optic cabling, fiber tray and raceway, riser cable management as wellas a menu of other professional services. 

We partner with suppliers assuring that our technicians adhere to all the latestindustry standards. Through our strategic partners we can offer complete telecomm andtelephony solutions, including global networking, localized high speed access and completeVOIP solutions. VMG can provide local, national or international network solutions rangingfrom T1 to 1000mbps Fast Ethernet availability. We combine our strategic knowledge withour product offerings to bring the highest speed, cost effective communications solutionavailable. We can choose between several of our partners to insure that thecustomer’s best interests are kept in mind during the decision making process. Wealso offer complete VOIP solutions for clients wishing to bring their infrastructure andnetworking up to today’s digital standard. Our offerings are tailored to meet theclient’s needs, whether 5 or 5000 stations, and are implemented through ournationally recognized alliances. VMG is truly the one stop shop for all your networkingand infrastructure needs.

Our New Technology Staffing Division

We have strengthened our service offerings for 2008 with a new technology staffingdivision. The new division allows us to provide our clients with talented technologyprofessionals in a number of ways. Clients may chose to hire one of our professionals on aconsulting basis to handle a task for a period of time. In these situations the clientretains “Project Management” responsibility over the project and we will provideaugmented staffing.

We also now are able to provide our clients with the top professionals who have made acareer choice to no longer “consult” and have made themselves available to themarketplace as a “Permanent Employee.”   We will earn fees to placethese individuals in either a “Temporary to Permanent” opportunity; where ourclient is allowed to “try” before they “buy” or a straight permanenthire onto their payroll.

As a management consulting firm, we have access to the best professionals in ourindustry and as such has a large competitive advantage over traditional staffing firms.Our corporate goal is to be a full service provider of technology talent to clients –whether the work be outsourced, project based, or strictly internal staffing needs.
***Results of Operations For the Three Months Ended December 31, 2007 Compared to ThreeMonths Ended December 31, 2006***
The following is derived from, and should be read in conjunction with, our consolidatedfinancial statements, and related notes, as of and contained in Form 10K-SB for the yearended June 30, 2007 The Registrant generates revenues from its present operations based onhourly rates and fixed rates. Our fixed-rate contracts involve an engagement retainer andtypically provide for monthly fees. Our hourly-rate contracts are billed either weekly,semi weekly or monthly.
*Revenues. We generated revenues to $661,490 during the three-month period endedDecember 31, 2007 as compared to $380,364 during the same period in the prior year or anincrease of $281,126, or 74%. The increase in revenues was mainly attributable to newclients and contracts. We anticipate continued growth in our current service offeringsbased on new and existing clients, as well as the development of new complementary serviceofferings arising from our considerable project portfolio. 
*Cost of Services. Cost of services for the three-month periods ended December 31,2007 and 2006 were $415,030 and $125,717, respectively. Our cost of services consistsmainly of labor costs for project consultants and information technology professionals.
*Administrative, General and Selling Expenses; Overview. Our systems and proceduresfor the three months ended December 31, 2006 were not detailed enough to reflect anaccurate separation in Administrative, General and Selling expenses, Those expensescombined to total $ 303,649. This compared to $ 444,233 for the three months endedDecember 31, 2007. This represented an increase overall of $ 140,584 or 46%. The primaryreason for this increase was related to additional staffing in all categories whichcontributed to increased revenues. However when the expense increases are compared in thecontext of the Revenue for the same three month period, December 31, 2006 to December 31,2007, revenue increased by 74%. The same analysis for the six-month periods ended December31, 2006 to December 31, 2007 discloses a reduction of these combined expenses of $1,459,368.
*Administrative Expenses: Our administrative expenses totaled $171,469 and $288,394during the three-month and six-month periods ended December 31, 2007. The increase in thethree-month period is primarily attributed to an expansion of administrative personnel tofacilitate our growth. 
*General Expenses. General expenses were $119,709 and $310,234 during thethree-month and six-month periods ended December 31, 2007 These expenses included paymentsfor rent, common stock issued for services, outside professional fees including audits andaccounting reviews of the company insurance and employee expense reimbursements. Our auditand outside accounting fees have been reduced significantly in the current fiscal year dueto a reduced work load and the fact that the initial securities filings occurred in theprior fiscal year. We also utilize all available technologies such as conference calling,virtual offices and other economies to reduce company overhead and local travel tomeetings. Our internal accounting function is scalable and includes the use of internetbased solutions for instant communication between staff and outside professionals. Therewas a decrease in General Expense for the three-month period ended December 31, 2007 dueto decreased shares issued for non-cash compensation expenses of $5,000 compared to$92,450 for the three-month period ended September 30, 2007. The six-month period endedDecember 31, 2006 showed shares issued for service of $1,345,904 The Company may continueto issue shares of common stock from time to time in lieu of cash for services provided tothe Company until the Company generates sufficient positive cash flow from operations.
*Selling expenses: Our selling expenses during the three-month and six month periodended December 31, 2007 were $150,527 and $329,275 a slight increase during the currentthree-month period. Selling expenses include advertising and promotion, commissions andreferral fees paid and investments in presenting training seminars and participation inprofessional organizations and technical societies. We have also invested in increasedstaff to broaden our marketing and selling efforts in the current fiscal year. We expectcontinued increases in selling expenses related to increasing revenues from currentservice offerings. We also believe that additional selling expenses will be incurred as wedevelop new synergistic business opportunities and expand into new markets. 
*Net Loss. We incurred a net loss of $221,546 during the three-month period endedDecember 31, 2007, compared to a net loss of $56,827 during the three-month period endedDecember 31, 2006, representing an increase of $164,179, of 290%. This increase wasprimarily due to the previously discussed expansion of the administrative and sellingstaffs and the addition of the Technology Staffing Division in the three-month periodended December 31, 2007.
**Liquidity and Capital Resources**
At December 31, 2007, we had current assets of $657,931 consisting of mainly of cashand accounts receivable compared to current assets of $411,489 at June 30, 2007. Thisincrease can be attributed to both company growth and the addition of a credit facilitythat immediately funds billings and they are issued to the customers. At December 31, 2007and June 30, 2007, we had total assets of $847,715 and $418,728, respectively. Thisincrease in total assets can be attributed to company growth. We had total currentliabilities of $590,704 at December 31, 2007 compared to $217,655 at June 30, 2007. As ofDecember 31, 2007, our current liabilities were principally composed of $54,089 inaccounts payable and accrued expenses, $5,493 in accrued interest and $531122 under linesof credit. We had long-term liabilities of $323,079 as of December 31, 2007 compared to$197,174 at June 30, 2007. As of December 31, 2007, these liabilities consist of a creditfacility of $203,509, $79,772 in loan payable and stockholder loans of $39,798. We hadtotal liabilities of $913,783 as of December 31, 2007 compared to $414,829 as of June 30,2007.

We had working capital of $67,227 at December 31, 2007. Net cash used in operationsduring the six-month period ended December, 2007 was $659,206. For the six-month periodended December 31, 2007 the increase of net cash used in operations was attributable toour net loss of $582,746 and an increase in accounts receivable of $55,549.

The Company's financing activities consist mainly of issuance of debt and equityinstruments. During the six-month period ended December 31, 2007, financing activatesprovided $978,677 compared to $329,000 during the same six-month period in the prior year.The Company utilized $203,509 under its new credit facility as described in Note 5, ;received proceeds of $418,000 through the issuance of restricted stock and received netproceeds of $67,807 from stockholders loans. We also received $399,772 from our existinglines of credit.

We believe that despite funding provided under our bank line-of-credit and fundingavailable from our management, we may need additional funding to execute our plannedexpansion of our sales and marketing efforts. As of December 31, 2007, shareholders haveloaned the Company $79,772 at 10.25% due on May 31, 2009, and advanced another $ 39,798 intemporary loans. We have no written funding commitment from management and affiliatedparties.

There are no limitations in the Company's articles of incorporation on the Company'sability to borrow funds or raise funds through the issuance of restricted common stock.The Company's believes that it has the ability to borrow funds and/or raise capitalthrough the sale of restricted stock. To the extent that additional debt financing isutilized, any borrowing will subject us to various risks traditionally associated withindebtedness, including the risks of interest rate fluctuations and insufficiency of cashflow to pay principal and interest.
*Plan of Current and Future Financing of Our Operations for the year 2008*
During the six months ended December 31, 2007, the Company incurred a loss fromoperations of $582,746, which was primarily due to non-cash compensation of $97,449represented by stock issued for consulting and other services. At December 31, 2007 theCompany had cash of $189,231. We had an accumulated deficit of $3,117,781, at December 31,2007. We have incurred negative cash flow from operations of $659,206 during the six-monthperiod ended December 31, 2007.

The Company principally funded its negative cash flow from operations during the sixmonths ended December 31, 2007 through the sale of restricted stock which generatedproceeds of $418,000 and by utilizing and expanding our lines of credit. 

On December 4, 2007 Veracity Management Group, Inc our wholly owned subsidiary enteredinto an agreement with Greenfield Commercial Credit LLC to borrow up to $ 1,000,000 at avariable rate of interest 1% above the Prime Rate, with an unlimited and unconditionalguarantee by Veracity Management Global, Inc and a Validity Guarantee by two of themembers of the Board of Directors. This line allows immediate funding of 85% of eligibleaccounts receivable up to the total line of credit and is for a duration of 18 months. Thebalance due at December 31, 2007 to Greenfield Commercial Credit LLC was $203,509.

We have financed our operations primarily through outside and related party debtfinancing and the issuane of restricted stock. Our continued operations will depend onwhether we are able to continue to raise additional funds through various potentialsources, such as equity and debt financing, including the sale of additional equity andreceipt of additional debt financing. We do not have any agreements with our management tocontinue to loan monies to the Company. Additional funds may not become available onacceptable terms and there can be no assurance that any additional funding that we doobtain will be sufficient to meet our needs during the next twelve months or in the longterm. 

We have spent, and expect to continue to spend, additional amounts in connection withimplementing our business strategy. Based on our current plans, we believe that our cashtogether with anticipated increased revenues, an increase of our existing credit facility,obtain additional shareholder funding, and improved ability to sell restricted stock as apublic company to raise funds will be sufficient to enable us to meet our plannedoperating needs at least for the next 12 months. However, the actual amount of funds wewill need to operate is subject to many factors, some of which are beyond our control. Ifthe market for our services develops more slowly than we anticipate or if unexpectedexpenses or increases in costs arise; there can be no assurance that we will be able toraise additional capital in a timely manner as and if needed.

We have based our estimate on assumptions that may prove to be wrong. We may need toobtain additional funds sooner or in greater amounts than we currently anticipate.Potential sources of financing include strategic relationships, public or private sales ofour shares or debt and other sources. We may seek to access the public or private equitymarkets when conditions are favorable due to our long-term capital requirements. We mayneed committed sources of financing at this time, and it is uncertain whether additionalfunding will be available when we need it on terms that will be acceptable to us, or atall. If we raise funds by selling additional shares of common stock or other securitiesconvertible into common stock, the ownership interest of our existing stockholders will bediluted. If we are not able to obtain additional financing, we may be unable to carry outour business plan. As a result, we may have to significantly limit our operations and ourbusiness, financial condition and results of operations would be materially harmed.

ITEM 3.CONTROLS AND PROCEDURES****Back to Table ofContents

As of December 31, 2007,our Chief Executive Officer and Chief Financial Officer (the “CertifyingOfficers”) conducted evaluations of our disclosure controls and procedures. Asdefined under Sections 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 Act,as amended (the “Exchange Act”) the term “disclosure controls andprocedures” means controls and other procedures of an issuer that are designed toensure that information required to be disclosed by the issuer in the reports that itfiles or submits under the Exchange Act is recorded, processed, summarized and reported,within the time periods specified in the SEC’s rules and forms. Disclosure controlsand procedures include, without limitation, controls and procedures designed to ensurethat information required to be disclosed by an issuer in the reports that it files orsubmits under the Exchange Act is accumulated and communicated to the issuer’smanagement, including the Certifying Officers, to allow timely decisions regardingrequired disclosure. Based on this evaluation, the Certifying Officers have concluded thatour disclosure controls and procedures were not effective to ensure that materialinformation is recorded, processed, summarized and reported by our management on a timelybasis in order to comply with our disclosure obligations under the Exchange Act, and therules and regulations promulgated there under. 

The Certifying Officers’conclusion that the Company’s disclosure controls and procedures were not effectivewas based upon a determination that a deficiency relating to measuring and recording theelements of a merger relating to the Company’s accounting for the non-cashcompensation in the transaction, as discussed below. 

On February 14, 2007, the Company issued a pressrelease, which was filed in a Current Report on Form 8-K, announcing that its firstquarter 2007 financial statements would be restated to reduce the loss from the issuanceof compensation relating to the merger on July 1, 2006 and valuation based on FASBstatement No. 141 that states “general expenses related to business combinationsshall be expensed as incurred”. The original merger agreement granted options to anindividual in exchange for certain third party payments when made. These payments weremade and expensed in the 1st quarter in the sum of $35,000 and the shares whenissued also mistakenly charged to compensation as if they were additional shares issuedfor services. The restatement of the financial statements for the quarter ended September30, 2007 corrects the handling of these options. In this press release, the Company urgedthe marketplace not to rely on its previously filed financial statements for the quarterended September 30, 2007 until such amended report is filed with the SEC. 

The errors in the first quarterfiscal 2008 financial statements discussed above were discovered in the process of theCompany’s preparation of the subject Quarterly Report. The Company, under thesupervision of its Audit Committee and with the assistance of independent counsel which,in turn, is assisted by an independent accounting expert, immediately commenced an inquiryinto the circumstances relating to the foregoing errors to assure that there are no otherfinancial reporting or disclosure controls and procedures items that may be of concern.While the Audit Committee’s investigation has now concluded that no other adjustmentsto the fiscal 2007 and interim 2008 financial statements appear necessary, it iscontinuing to investigate the circumstances relating to the foregoing errors in order toassess what changes, if any, are needed to the Company’s financial reporting ordisclosure controls and procedures. 

Preliminarily, the Company’smanagement and the Audit Committee have determined that education and professionaldevelopment of accounting staff on certain accounting and disclosure rules relating to theimpairment of long-lived assets and goodwill, and the accounting and disclosure rulesrelated to certain specialized financial instruments, would be sufficient to prevent areoccurrence. The Company’s management also believes that it needs to continue toupgrade the size and sophistication of its accounting and financial staff. Presently theCompany’s management and the Audit Committee believe that no other changes to theCompany’s disclosure controls and procedures were needed in response to the discoveryof the errors described above.

Except as set forth above, noother changes in our internal control over financial reporting during the subject fiscalquarter that have materially affected, or are reasonably likely to materially affect, ourinternal control over financial reporting. 
**PART II - OTHER INFORMATION**

ITEM 1. LEGALPROCEEDINGS****Back to Table of Contents

None.

ITEM 2.RECENT SALES OF UNREGISTERED EQUITY SECURITIES AND USE OF PROCEEDSBack to Table ofContents

The following information is given with regard tounregistered securities sold by the Company during the the three-month period endedDecember 31, 2007, including the dates and amounts of securities sold; the persons orclass of persons to whom we sold the securities; the consideration received in connectionwith such sales and if the securities were issued or sold other than for cash, thedescription of the transaction and the type and amount of consideration received.
**Date**
**Title**
**Shares    Issued**
**Persons****Cash or Non Cash Consideration**10/01/07Common200,000Honeybee Internbational LLCPrivate sale at $0.50 per share issued pursuant to Section 4(2) 10/02/07Common20,000Leo and Phyllis FiermanPrivate sale at $0.50 per share issued pursuant to Section 4(2) 10/05/07Common20,000Mitchell and Robin ShermanPrivate sale at $0.50 per share issued pursuant to Section 4(2) 10/30/07Common10,000James KirkpatrickPrivate sale at $0.50 per share issued pursuant to Section 4(2) 11/07/07Common16,000Thomas R. BourgaultPrivate sale at $0.50 per share issued pursuant to Section 4(2) 11/07/07Common10,000Robert BruzziPrivate sale at $0.50 per share issued pursuant to Section 4(2) 11/07/07Common10,000Janet and Walter BourgaultPrivate sale at $0.50 per share issued pursuant to Section 4(2) 11/07/07Common10,000Kim SeskinPrivate sale at $0.50 per share issued pursuant to Section 4(2) 10/01/07Common10,000Jean HobeichServices valued at $5,000 issued pursuant to Section 4(2)
The Company believes that the issuances and sale of therestricted shares were exempt from registration pursuant to Section 4(2) of the Act asprivately negotiated, isolated, non-recurring transactions not involving any publicsolicitation. The recipients in each case represented their intention to acquire thesecurities for investment only and not with a view to the distribution thereof.Appropriate restrictive legends are affixed to the stock certificates issued in suchtransactions. All recipients of restricted shares either received adequate informationabout the Company or had access, through employment, relation and/or businessrelationships with the Company to such information. Based on an analysis of the abovefactors, the Registrant has met the requirements to qualify this offering and sale forexemption under Section 4(2) of the Securities Act of 1933.

ITEM3. DEFAULTS UPON SENIOR SECURITIES****Back to Table of Contents

None.

ITEM4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSBack to Table of Contents

None.

ITEM5. OTHER INFORMATION****Back to Table of Contents

None.

ITEM6. EXHIBITS****Back to Table of Contents

(a) The following documents are filed as exhibits tothis report on Form 10-QSB or incorporated by reference herein.

Exhibit    No.Description31.1Certification of CEO pursuant    to Rule 13a-14(a) or 15d-14(a) of the Exchange Act pursuant to Section 302 of the    Sarbanes-Oxley Act of 2002.31.2Certification of CFO pursuant    to Rule 13a-14(a) or 15d-14(a) of the Exchange Act pursuant to Section 302 of the    Sarbanes-Oxley Act of 2002.32.1Certification of CEO pursuant    to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of    2002.32.2Certification of CFO pursuant    to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of    2002.99.1Veracity Management Global,    Inc. Audit Committee Charter, filed herewith.
SIGNATURES

Pursuant to therequirements of the Securities Exchange Act of 1934, this report has been signed below bythe following persons on behalf of the registrant and in the capacities and on the dateindicated.
/s/    Michael Rideman    Michael Rideman       *CEO**   Dated: February 14, 2008*
/s/ Richard Grassano, CFO    Richard Grassano       *CFO**   Dated: February 14, 2008***VERACITY    MANAGEMENT GLOBAL, INC.**Consolidated Balance SheetsBack to Table of Contents
As of December    31, 2007 (Unaudited) and June 30, 2007**  **
**December 31, 2007**
**June 30, 2007**
AssetsCurrent assets:   Cash$189,231$19,760   Accounts receivable447,278391,729   Prepaid expenses
21,422
-        Total current assets
657,931
411,489   Property and equipment, net    of depreciation of $4,077 and $2,9796,1407,239Goodwill150,000-Other assets, net of    amortization of $1,979 and $033,644-          Total assets$
847,715$
418,728  
Liabilities    and Stockholders' Deficit  Current liabilities   Accounts payable    and accrued expenses$54,089$85,166   Accrued interest5,4931,139   Line of credit    payable531,122131,350        Total current liabilities$
590,704$
217,655  Long-term liabilities   Credit facility203,509-   Loan payable -    stockholders79,77214,965   Notes payable -    stockholders39,798182,209     Total    long-term liabilities323,079197,174       Total    liabilities913,783414,829  Stockholders' equity :   Preferred stock,    $0.001 par value, 5,000,000 shares authorized:      none    issued and outstanding
-
-   Common stock,    $0.001 par value, 3,500,000,000 shares authorized:         33,654,262 and 36,805,895 shares issued and outstanding          at December 31, 2007 and June 30, 2007, respectively33,65336,806   Additional paid-in    capital
3,018,060
2,502,128   Accumulated deficit
(3,117,781
(2,535,035)     Total    stockholders' equity
(66,068)
3,899        Total liabilities and stockholders' equity$
847,715$
418,728     The    accompanying notes to financial statements are integral part of these financial    statements.
**VERACITY MANAGEMENT GLOBAL,    INC.**
Consolidated Statements of Operations
For    the Three and Six Months Ended December 31, 2007 and 2006 (Unaudited)**For the Three Months****For the Three Months****For the Six Months****For the Six Months****Ended****Ended****Ended****Ended****  **
**December 31, 2007**
**December 31, 2006**
**December 31, 2007**
**December 31, 2006**  Revenues$661,490$380,364$1,111,325$652,257  Cost of services415,030125,717767,617263,488   Gross profit246,460254,647343,708388,769  ExpensesAdministrative expenses171,467303,100288,9342,077,577General expenses119,709-310,234-Selling expenses150,527-329,275-Depreciation and amortization2,5285483,0771,098  Total expenses444,233303,649931,5202,078,675  Other income206-39,837-   Total other income206-39,837-  Other expenses19,317-19,317-Interest expense4,6627,82515,45425,970Total other expenses23,9797,82534,77125,970          Net loss
$
(221,546)
$
(56,827)
$
(582,746)
$
(1,715,876)  Basic and    diluted net loss per share
$
(0.01)
$
(0.00)
$
(0.02)
$
(0.06)   Weighted    average shares33,294,81830,489,63733,061,04730,489,637      The    accompanying notes to financial statements are integral part of these financial    statements.**VERACITY MANAGEMENT GLOBAL, INC.**Consolidated Statement of Changes in    Stockholders' Equity (Deficit)Back to Table of ContentsFor the Period From Inception (December 2, 2005) Through December 31, 2007    (Unaudited)        **Additional****Common Stock, $0.001 par value****Paid-in**
**Accumulated**
**Shares**
**Amount****Capital**
**Deficit****Total**Shares Issued    at Inception18,642,685
$18,643
$48,346
$-
$66,989   Shares issued for    cash200,00020099,800-100,000   Effect of    beneficial conversion feature--48,812-48,812   Shares issued for    services205,00020579,745-79,950   Net loss---(437,435)(437,435)Balance at    June 30, 200619,047,68519,048276,703(437,435)(141,684)  Recap shares old Kirshner899,860900(893)-7New shares issued at merger3,535,3533,535122,736(100,461)25,810Shares issued for cash930,735930473,070-474,000Shares issued for services13,392,26212,3931,630,512-1,642,905   Net loss---(1,997,139)(1,997,139)Balance at    June 30, 200736,805,89536,8062,502,128(2,535,035)3,899  Shares issued for cash846,000846417,154-418,000Options exercised for expenses1,000,0001,00034,000-35,000Shares issued for services191,66719197,259-97,450Cancellation of shares(5,189,300)(5,190)(32,481)-(37,671)   Net loss---(582,746)(582,746)Balance at    December 31, 200733,654,262
$33,653
$3,018,060
$(3,117,781)
$(66,068)  
The    accompanying notes to financial statements are integral part of these financial    statements.**VERACITY MANAGEMENT GLOBAL, INC.**Consolidated Statements of Cash Flows    (Unaudited)For    the Six Months Ended December 31, 2007 and 2006  
**For the Six Months**
**For the Six Months**
**Ended**
**Ended****  **
**December 31, 2007**
**December 31, 2006**  Cash flows from operating    activities:    Net loss
$
(582,746)
$
(1,715,876)   Adjustments to    reconcile net loss to net cash used in operating activities:          Shares issued for services and compensation97,4491,345,904          Shares canelled and returned(37,671)-           Amortization and beneficial conversion feature-16,798          Depreciation and amortization3,0771,098   Changes in    operating assets and liabilities:          Accounts receivable(55,549)(156,444)          Prepaid expenses(21,422)(31,497)           Accounts payable and accrued expenses(31,076)(110,889)           Accrued interest4,354-           Deferred revenue-92,000          Other assets(35,622)-                Net cash used in operating activities 
(659,206)
(337,128)  Cash flow from    investing activities:   Contingent payment    from business combination(150,000)84,580                Net cash provided by (used in) investing activities(150,000)84,580  Cash flows from financing    activities:    Proceeds from    credit facility, net203,509-   Exercise of stock    options35,000-   Borrowings from    stockholders67,80710,000   Repayments of loans    to stockholders(145,411)-   Proceeds from line    of credit399,772-   Proceeds from sale    of common stock
418,000
319,000               Net cash provided by financing activities 
978,677
329,000                 Net increase (decrease) in cash 
169,471
76,452Cash - beginning of period
19,760
47,750Cash - end of    period
$
189,231
$
124,202   Supplemental cash flow    informationCash paid for:   Interest$15,454$25,970   Income taxes$-$-   Non-cash investing and financing    activitiesShares for services and    compensation$97,449$1,345,904  The accompanying    notes to financial statements are integral part of these financial statements.****VERACITY MANAGEMENTGLOBAL, INC.**NOTES TOCONSOLIDATED FINANCIAL STATEMENTS(Unaudited)
**NOTE 1 – BASIS OF PRESENTATION**
The accompanying consolidated financial statements of Veracity Management Global, Inc(the "Company", "VCMG") at December 31, 2007 have been preparedwithout audit, pursuant to the rules and regulations of the Securities and ExchangeCommission. Certain information and footnote disclosures normally included in financialstatements prepared in conformity with generally accepted accounting principles have beenomitted or condensed pursuant to such rules and regulations. These statements should beread in conjunction with VCMG’s audited financial statements and notes theretoincluded in VCMG’s Form 10-KSB. In management’s opinion, these interimconsolidated and unaudited interim financial statements reflect all adjustments(consisting of normal and recurring adjustments) necessary for a fair presentation of theconsolidated financial position and results of operations for each of the periodspresented. The accompanying unaudited interim financial statements for the six monthsended December 31, 2007 are not necessarily indicative of the results which can beexpected for the entire year.
***Consolidation and Basis of Presentation***
The Company follows accounting principles generally accepted in the United States ofAmerica. Certain prior period amounts have been reclassified to conform to the December31, 2007 presentation. On August 2, 2007, the Company’s Board of Directors approved a1 for 73 reverse split of the Company’s common stock by Action of the Board and amajority of shareholders. All information related to common stock, warrants to purchasecommon stock and earnings per share have been retroactively adjusted to give effect to thestock split. 

The consolidated statements of operations show the effect of a reclassification ofcertain labor and direct costs from Cost of Services to Administrative, General andSelling expenses. This was reclassified to disclose a more accurate allocation of thosecosts not directly associated with delivery of the company’s services to its clients.

In the opinion of management, all adjustments, consisting of normal recurringadjustments, necessary for a fair presentation of financial position and the results ofoperations for the interim periods presented have been reflected herein. The consolidatedfinancial statements include the accounts of Veracity Management Global, Inc, SecuredFinancial Data, Inc and Veracity Management Group, Inc. Any inter-company transactions areeliminated in consolidation. 
**NOTE 2- GOING CONCERN**
Veracity Management Global, Inc.’s financial statements have been prepared on agoing concern basis, which contemplates the realization of assets and settlement ofliabilities and commitments in the normal course of business for the foreseeable future.Since inception, the Company has accumulated losses aggregating to $ 3,117,781 and hasinsufficient working capital to meet operating needs for the next twelve months as ofDecember 31, 2007, all of which raise substantial doubt about VCMG’s ability tocontinue as a going concern.
**NOTE 3 – COMMON STOCK TRANSACTIONS**
On August 2, 2007, the Company’s Board of Directors approved a 1 for 73 reversesplit of the Company’s common stock by Action of the Board and a majority ofshareholders. All information related to common stock, warrants to purchase common stockand earnings per share have been retroactively adjusted to give effect to the stock split.

During the year ended June 30, 2007, VCMG sold 930,735 shares and 319,000 warrantsunder private placement memorandums for $474,000. The warrants have an exercise price of$1.00 per share and expire in five years from the date of issuance. Using theblack-scholes pricing model VCMG estimated the relative fair value of the warrants to be$314,215. Prior to July1, 2006, Secured Financial Data (See Note 7) sold certain unitswhich contained 100,000 warrants to purchase common stock at an exercise price of $1.00per share exercisable for five years from the date of issue.

During the six months ended December 31, 2007, VCMG sold 864,000 shares under a privateplacement memorandum for $418,000. There were no warrants granted with this placement.

There were no registration rights penalties that would be consider un-economic in anyof the private placements.

During the six months ended December 31, 2007 stock issued for services representing191,667 shares were authorized and granted. VCMG has recorded $97,450 of general andadministrative expense representing the fair market value of the stock issued on themeasurement date based upon the closing quoted market price of VCMG’s common stock.During this same period a consultant exercised his option of 1,000,000 shares of VCMGcommon stock. This consultant paid expenses on behalf of VCMG as their exercise price inamount equal to $35,000. This expense paid on behalf of VCMG is included in general andadministrative expense. 

On July 31, 2007, the Company’s Board of Directors authorized the cancellation ofapproximately 5,200,000 shares of common stock for lack of consideration. These shareswere previously accounted for as shares issued for services. The statement of operationsfor the six month period ended December 31, 2007 includes a reduction of general andadministrative expense by the original fair market value of the stock cancelled of$37,671. This stock was returned to VCMG.
**NOTE 4 – NOTES PAYABLE-STOCKHOLDERS**
On various dates in fiscal 2006 and 2007, two stockholders lent the Companyapproximately $250,000, evidenced by promissory notes bearing an interest rate of Primeplus 2.00% (9.25% at December 31, 2007) and due on May 31, 2009. In addition the notes areconvertible to common stock at any time at a conversion rate of $0.511 cents per share. Inaddition, 200,000 Warrants have been granted at an exercise price of $1.00 per shareexercisable for 60 months from the date of the notes.

As a result we have determined that the conversion feature of the notes and warrantsissued are not derivative instruments pursuant to SFAS No. 133, Accounting for DerivativeInstruments and Hedging Activities, as amended. Under the provisions of EITF Issue 98-5the Company estimated the fair value of the beneficial conversion feature at the issuanceof the notes using the Black-Scholes option pricing model at $ 59,126. Those amounts areamortized over the life of the notes. 

On June 1, 2007 the existing stockholder notes payable were refinanced; new notes ofapproximately $182,000 (representing unpaid principal and accrued interest as of therefinance date) were issued; the interest rate and maturity dates remain the same. The newnotes do not provide a conversion feature; there is no remaining discount at December 31,2007 as the remaining discount has been expensed as a component of interest expense duringthe 12 month period ended June 30, 2007. All of the notes are considered long term asprincipal payments are not due during the next 12 months. The remaining balance atDecember 31, 2007 was $39,798. In addition the same shareholders advanced other loans tothe Company. The balance due these shareholders at December 31, 2007 was $79,772.
**NOTE 5 – CREDIT FACILITY**
In December 2006, the Company entered into a secured $100,000 credit facility with abank to finance working capital. In May 2007 the secured facility was increased to$200,000. The loans under this facility bear interest at a rate of 9.25 % and are securedby certificates of deposit owned by an entity controlled by the CEO and his wife. Interestpayments are made on a monthly basis; principal is due at maturity – May 8, 2008. InJuly 2007 the facility was increased again to $400,000; $200,000 is secured and $200,000is unsecured. The maturity date was extended to July 23, 2008, all other terms remain thesame. The balance at December 31, 2007 was $203,509.

In September 2007, the Company entered into a second secured $100,000 credit facilitywith a bank to finance working capital. This facility bears interest at a rate of 10.25 %and is secured by a certificate of deposit owned by the company. The balance of theseexisting credit facilities at December 31, 2007 was $397,710 and $93,725 respectively. Inaddition the Company owed credit cards $39,697. This totaled $531,132. The balance at June30, 2007 was $131,350 and 0, respectively.

On December 4, 2007, the Veracity Management Group, Inc. our whollyowned subsidiary entered into an agreement with Greenfield Commercial Credit, LLC toborrow up to $ 1,000,000 at a variable rate of interest 1% above the Prime Rate, with anunlimited and unconditional guarantee by Veracity Management Global, Inc. and a ValidityGuarantee by two of the members of the Board of Directors. This line allows immediatefunding of 85% of eligible accounts receivable up to the total line of credit and is for aduration of 18 months. The balance due at December 31, 2007 to Greenfield CommercialCredit, LLC was $203,509, net of deferred financing costs of $35,622; the balance at June30, 2007 was $0. The deferred financing costs are being amortized using the effectiveinterest method over the life of the credit facility which is 18 months. Amortization ofthese deferred costs were $1,979 and $0 for the six month period ended December 31, 2007& 2006, respectively. 
**NOTE 6- STOCK BASED COMPENSATION**
VCMG had granted warrants to purchase the common stock of Secured Financial Data, Inc,a subsidiary as part of the private placement memorandum discussed in Note 3 above. Inaddition it granted warrants as part of the convertible notes payable to stockholders asdescribed in Note 4 above. VCMG also granted 1,000,000 options to a consultant during theyear ended June 30, 2006 at an exercise price of 70% of the average 5 days closing priceof VCMG’s common stock as quoted on the OTCBB.
**Warrants****Weighted Average****Issued *****Exercise Price**Balance as of June 30, 20061,300,000$1.00Granted0$1.00Forfeited0Exercised1,000,000Balance as of December 31, 20072,919,000$1.00* Adjusted to reflect the reverse    stock split discussed in note 3. Does not include the effect of the 1,000,000 options    whose exercise price is a discount to VCMG’s stock as discussed above.**NOTE 7- BUSINESS COMBINATION**
The information below does not include the reflection of the reverse merger discussedin note 3 above:

On July 1, 2006, Veracity Management Global, Inc, (VCMG) merged with VeracityManagement Group, Inc. (VMG) and Secured Financial Data, Inc. (SFD). Pursuant to a ShareExchange Agreement, VCMG issued 22,583,038 shares of common stock in exchange for all theoutstanding common stock of VMG(3,535,353 shares) and SFD (19,047,685 shares).

For accounting purposes, the merger was treated as a recapitalization of VCMG by SFDand a purchase of VMG by VCMG. Accordingly, the financial results presented for allperiods prior to the merger date are those of SFD. This evaluation was conducted pursuantto the guidance in SFAS statement No. 141 as the former SFD shareholders have majoritycontrol of VCMG subsequent to the merger through majority voting interest, control themajority of the board of directors, and control the majority of all management decisions.VMG is a wholly owned subsidiary. SFD’s equity structure was restated to adopt theequity structure of VCMG (73 shares of VCMG for each share of VMG and SFD). As of themerger date, the financial statements include the combined operating results, assets andliabilities of VCMG, VMG and SFD. Since VCMG was inactive prior to the merger, it is notexpected to constitute a significant part of the ongoing business of the combined company.

VCMG issued a total of 22,583,038 shares of common stock as a result of the abovetransactions. 3,535,353 shares were issued to the shareholders of VMG resulting in totalassets and liabilities of $130,804 and $49,169, respectively, at July 1, 2006. 19,047,685shares were issued to the shareholders of SFD resulting in total assets and liabilities of$62,418 and $204,102, respectively, at July 1, 2006. As a result of the recapitalization,SFD’s assets and liabilities are stated at historical cost. As a result of thebusiness combination between VCMG and VMG, VMG’s assets and liabilities are stated atfair market value which approximates historical cost.

The purchase price paid for VMG was $25,810. This represented a discount to the bookvalue of VMG of $55,827. Pursuant to the terms of the agreement the majority shareholdersof VCMG immediately prior to the merger have the option to receive an additional 20%equity ownership in VCMG or rescind the merger if certain financial benchmarks are notachieved by December 31, 2008. Consistent with the guidance in SFAS No. 141 we haverecorded a liability of $55,837 for the discounted price paid for VMG due to this possiblecontingency.

Since the above transactions took place on July 1, 2006 the first day of fiscal 2007,the financial results presented for the 12 month period ended June 30, 2007 and six-monthperiod ended December 31, 2007 would not differ had the transaction occurred at an earlierdate.************************ |