**SECURITIES
                        AND EXCHANGE COMMISSION**
                      **Washington,
                        D.C. 20549****FORM
                        10-KSB****(Mark
                        One)**[X]
                    
                    **ANNUAL
                        REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                        ACT OF
                        1934**For
                        the Fiscal Year Ended December 31, 2006[
                        ]
                    
                    **TRANSITION
                        REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                        ACT OF
                        1934**For
                        the transition period from ____________ to _____________Commission
                        File No. 333-133634**INTEGRATED
                        MANAGEMENT INFORMATION, INC.**(Name
                        of Small Business Issuer in its charter)Colorado
                    
                    
                    43-1802805(State
                        or other jurisdiction of
                      incorporation
                        or organization)
                    
                    (I.R.S.
                        Employer Identification No.)221
                        Wilcox, Suite A
                      Castle
                        Rock, CO 80104(Address
                        of principal executive offices)(Zip code)Issuer's
                        telephone number, including area code:
                    303-895-3002Securities
                        to be registered pursuant to Section 12(b) of the Act:Title
                        of each class
                    
                    Name
                        of each exchange on which each is registeredNone
                    
                    NoneSecurities
                        to be registered pursuant to Section 12(g) of the Act:Common
                        Stock, $0.001 par value(Title
                        of Class)Check
                        whether the issuer: (1) filed all reports required to be
                        filed by Section
                        13 or 15(d) of the Exchange Act during the past 12 months
                        (or for such
                        shorter period that the registrant was required to file such
                        reports); and
                        (2) hasbeen
                        subject to such filing requirements for the past 90 days.
                    Yes
                    [X]
                    
                    
                    No
                    [
                        ]Check
                        if disclosure of delinquent filers in response to Item 405
                        of Regulation
                        S-B is not contained in this form, and will not be contained,
                        to the best
                        of registrant’s knowledge, in definitive proxy or information
                        statementsincorporated
                        by reference in Part III of this Form 10-KSB or any amendment
                        to this Form
                        10-KSB.The
                        Issuer’s revenues for the fiscal year ended December 31, 2006 were
                        $1,539,933.The
                        number of shares of the registrant’s common stock, $.001 par value per
                        share, outstanding as of March 1, 2007 was 19,328,839. The
                        aggregate
                        market value of the voting and non-voting common equity held
                        by
                        non-affiliates of the registrant on March 15, 2007, based
                        on the last
                        sales price on the OTC Bulletin Board as of such date, was
                        approximately
                        $4,638,921.DOCUMENTS
                        INCORPORATED BY REFERENCENoneTransition
                        Small Business Disclosure Format:
                    Yes
                    [
                        ]
                    
                    No
                    [X]
 
  
 1
 TABLE
                        OF CONTENTSPART
                          I
                      RISK
                        FACTORS
                    PAGE
                      3ITEM
                        1.
                    DESCRIPTION
                        OF BUSINESS
                    5ITEM
                        2.
                    DESCRIPTION
                        OF PROPERTY
                    10ITEM
                        3.
                    LEGAL
                        PROCEEDINGS
                    10ITEM
                        4.
                    SUBMISSION
                        OF MATTERS TO A VOTE OF SECURITY HOLDERS
                    10PART
                        IIITEM
                        5.
                    MARKET
                        FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL
                        BUSINESS ISSUERS
                        PURCHASES OF EQUITY SECURITIES
                    10ITEM
                        6.
                    MANAGEMENT’S
                        DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
                    11ITEM
                        7.
                    FINANCIAL
                        STATEMENTS
                    14ITEM
                        8.
                    CHANGES
                        AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
                        DISCLOSURE
                    32ITEM
                        8A.
                    CONTROLS
                        AND PROCEDURES
                    32ITEM
                        8B.
                    OTHER
                        INFORMATION
                    33PART
                        IIIITEM
                        9.
                    DIRECTORS,
                        EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
                        WITH SECTION
                        16(a) OF THE EXCHANGE ACT
                    33ITEM
                        10.
                    EXECUTIVE
                        COMPENSATION
                    35ITEM
                        11.
                    SECURITY
                        OF OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                        AND RELATED
                        STOCKHOLDER MATTERS
                    36ITEM
                        12.
                    CERTAIN
                        RELATIONSHIPS AND RELATED TRANSACTIONS
                    37ITEM
                        13.
                    EXHIBITS
                    38ITEM
                        14.
                    PRINCIPAL
                        ACCOUNTANT FEES AND SERVICES
                    38SIGNATURES
                    39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 2
 **FORWARD-LOOKING
                STATEMENTS**
 
 This
              annual report on Form 10-KSB contains forward-looking statements within
              the
              meaning of the federal securities laws. These forwarding-looking statements
              include without limitation statements regarding our expectations and
              beliefs
              about the market and industry, our goals, plans, and expectations regarding
              our
              operations and properties and results, our intentions and strategies
              regarding
              future operations, acquisitions and sales of properties, our intentions
              and
              strategies regarding the formation of strategic relationships, our
              beliefs
              regarding the future success of our operations, our expectations and
              beliefs
              regarding competition, competitors, the basis of competition and our
              ability to
              compete, our beliefs and expectations regarding our ability to hire
              and retain
              personnel, our beliefs regarding period to period results of operations,
              our
              expectations regarding revenues, our expectations regarding future
              growth and
              financial performance, our beliefs and expectations regarding the adequacy
              of
              our facilities, and our beliefs and expectations regarding our financial
              position, ability to finance operations and growth and the amount of
              financing
              necessary to support operations. These statements are subject to risks
              and
              uncertainties that could cause actual results and events to differ
              materially.
              We undertake no obligation to update forward-looking statements to
              reflect
              events or circumstances occurring after the date of this annual report
              on Form
              10-KSB.
 
 As
              used
              in this annual report on Form 10-KSB, unless the context otherwise
              requires, the
              terms “we,” “us,” “the Company,” “IMI” and “IMI Global” refer to Integrated
              Management Information, Inc., a Colorado corporation.
  **RISK
              FACTORS**
  You
              should carefully consider the risks described below before purchasing
              our common
              stock. The risks and uncertainties described below are not the only
              ones we
              face. Additional risks and uncertainties not presently known to us
              or that we
              currently deem immaterial may also impair our business or cause the
              value of our
              common stock to drop. If any of the following risks actually occur,
              our business
              could be adversely affected. In those cases, the trading price of our
              common
              stock could decline, and you may lose the value of your investment
              in our
              securities.
  **Risks
              Related to Our Business**
  **We
              have had a history of operating losses, and there is no assurance that
              we will
              achieve profitability in the future.**
  We
              have a
              history of operating losses. It is uncertain if our future prospects
              will result
              in profitable operations. If we continue to experience losses, the
              value of an
              investment in our common stock could decline significantly.
  **We
              may be unable to raise additional capital which is necessary to continue
              as
              ongoing concern.**
  If
              our
              business operations continue at their current levels, we will be unable
              to
              generate sufficient revenue and cash for our planned operations and
              will need to
              raise additional capital. We can give no assurances that additional
              capital will
              be available to us on favorable terms, or at all. Our inability to
              obtain
              additional capital, if and when needed, would have a material adverse
              effect
              upon our financial condition and our ability to continue as a going
              concern.
  **Market
              Acceptance of our recently introduced products is uncertain.**
  Although
              management believes that market acceptance of our recently introduced
              products,
              particularly our USVerified Source and Age Verification Systems are
              likely,
              market adoption is not certain. The Company can offer investors no
              assurances
              that its products will generate sufficient revenues to support a profitable
              business. If sales of these products are inadequate, revenues may not
              be
              sufficient to sustain our business, which may result in cessation of
              operations.
  **In
              excess of 40% of our projected near-term revenue growth is contingent
              upon sales
              of USVerified Source and Age Verification Systems.**
  We
              are
              currently benefiting from a slow but growing movement among U.S. beef
              producers
              to source and age verify beef products. This emerging trend is fueled
              in part by
              the reopening of U.S. beef export trade with Japan and other countries.
              The
              Company, however, can offer investors no assurances that even though
              trade
              barriers to US beef exports, especially with respect to Japan, have
              been lifted,
              that there will be market acceptance of U.S. beef. In the event that
              export
              markets do not develop, we may not be able to achieve revenue growth
              as planned,
              because there will be little incentive for producers to use our verification
              products thus jeopardizing our viability as a profitable entity.
  **Unless
                  the Japanese market regains its acceptance of U.S. beef, there
                  is a limited
                  market for our products.**
 As
                      a
                      result of mad cow disease in at least one animal in the U.S.,
                      the Japanese and
                      Korean beef markets were closed to U.S. cattle and have been
                      so for a protracted
                      period except for a few weeks in December 2005 and January
                      2006 with the
                      Japanese market. Because the Japanese and Korean markets are
                      the largest beef
                      export markets for U.S. producers accounting for approximately
                      37% and 24%
                      respectively, and because each market requires verification,
                      it is important to
                      the sale of our products. Because the U.S. market does not
                      mandate verification,
                      there is limited incentive for beef producers to purchase our
                      products.
                      Therefore, unless the Japanese market for U.S. beef which recently
                      re-opened,
                      remains open and there is again consumer acceptance of U.S.
                      beef, our sales will
                      be significantly impaired and we will be unable to operate
                      at a profit.
      3
 **In
                the event that market demand for beef products declines, our customers
                may not
                be able to generate sufficient revenues to justify purchase of our
                verification
                solutions and consulting services**
  Public
              attitudes towards beef may be influenced by claims that beef products
              are unsafe
              for consumption or pose unknown health risks. Decreased demand for
              beef products
              could have a material adverse affect on the operating results and financial
              condition of our existing or prospective customers. If operating results
              of our
              customers are impaired, the resources that our customers can devote
              to building
              information systems for tracking cattle and herd management would be
              reduced
              which in turn would limit purchases of our verification solutions and
              consulting
              services. Therefore, our ability to generate revenue is subject to
              the risks and
              uncertainties relating to the financial condition of its customers.
  **Our
              future success depends upon our ability to obtain and enforce patents;
              prevent
              others from infringing on our patents, trademarks and other intellectual
              property rights; and operate without infringing upon the patents and
              proprietary
              rights of others.**
  We
              will
              be able to protect our intellectual property from unauthorized use
              of third
              parties only to the extent that it is covered by valid and enforceable
              patents
              and trademarks. We currently have three patents pending with the U.S.
              Patent
              Office, one of which accounts for over 40% of our total revenues. Patent
              protection generally involves complex legal and factual issues and,
              therefore,
              the enforceability of patent rights cannot be predicted with certainty.
              Moreover, the laws of some foreign countries do not protect proprietary
              rights
              to the same extent as the laws of the United States. In the event that
              patents
              owned by us do not provide adequate protection, we may not be able
              to prevent
              competitors from offering substantially similar products and services.
              Failure
              to protect our proprietary rights could seriously impair our competitive
              position.
  **Failure
              to protect our proprietary rights could seriously impair our competitive
              position.**
  In
              the
              event that third parties claim that our current or future products
              or services
              infringe upon their intellectual property, we may face litigation and
              be
              prevented from selling the products and services at issue. Infringement
              or other
              claims could be asserted or prosecuted against us in the future, and
              it is
              possible that past or future assertion or prosecutions could harm our
              business.
              Litigation either in defense of our intellectual property rights or
              in response
              to infringement claims made by others may be, both expensive and time
              consuming,
              which in turn would adversely affect our business.
  **We
              operate in a highly competitive industry with a limited market characterized
              by
              changing technology, frequent introductions of new products, product
              enhancements, and evolving industry standards.**
  We
              compete with many other vendors of products and services designed for
              tracking
              cattle and for herd management. Our competitors range from small start-up
              companies to multi-national firms of which there are at least four
              - See
              "Competition" below. These four competitors have significantly greater
              financial, technical and marketing resources. Competition is likely
              to intensify
              as current competitors expand their product offerings and as new companies
              enter
              the market. Increasing competition may result in reduced margins and
              the loss of
              market share. Our competitors may offer broader product lines or technologies
              that are more commercially attractive and gain greater market acceptance
              than
              our current or future products. Additionally, new technology may render
              our
              products obsolete.
    4
  **Our
                future success depends to a significant degree upon the continued
                service of key
                senior management personnel, in particular, John and Leann Saunders.**
  Both
              John
              and Leann Saunders' reputation and prominence in the field provide
              the Company
              with a strong competitive advantage. While they are currently bound
              by
              employment agreements, we can offer investors no assurance that John
              and or
              Leann Saunders will be able to continue to work for us in the event
              of an
              unforeseen accident, severe injury or major disease, or on a long-term
              basis.
              The loss of key personnel could have a material adverse effect on our
              business
              and operating results.
  **New
              corporate governance requirements are likely to increase our costs
              and make it
              more difficult to attract qualified directors.**
  We
              face
              new corporate governance requirements under the Sarbanes-Oxley Act
              of 2002, as
              well as rules adopted by the Securities and Exchange Commission. We
              expect that
              these laws, rules and regulations will increase our legal and financial
              compliance costs and make some activities more difficult, time-consuming
              and
              costly particularly the outside review of our internal controls. We
              also expect
              that these new requirements will make it more difficult and more expensive
              for
              us to obtain director and officer liability insurance. We may be required
              to
              accept reduced coverage or incur significantly higher costs to obtain
              coverage.
              These new requirements are also likely to make it more difficult for
              us to
              attract and retain qualified individuals to serve as members of our
              board of
              directors or committees of the board.
  **Because
              we are not presently subject to the same corporate governance standards
              as
              companies listed on registered stock exchanges or NASDAQ, our officers
              and
              Directors may have interests adverse to those of the Shareholders.**
  Registered
              stock exchanges and NASDAQ have enhanced corporate governance requirements
              that
              apply to issuers that list their securities on those exchanges. We
              plan to apply
              for the listing of our shares on the OTC Bulletin Board, which does
              not have
              comparable requirements. For instance, we are not required to have
              any
              independent directors or to adopt a code of ethics. In certain circumstances,
              management may not have the same interests as the shareholders and
              conflicts of
              interest may arise. We do not presently have a policy to resolve conflicts
              of
              interest. Notwithstanding the exercise of their fiduciary duties as
              directors
              and executive officers and any other duties that they may have to us
              or our
              shareholders in general, these persons may have interests different
              than yours
              which could adversely affect your investment.
  **PART
              I**
 
 **ITEM
              1.**  **DESCRIPTION OF BUSINESS**
 
 **Organization
              Within the Last Five Years**
 
 Integrated
              Management Information, Inc. was incorporated in 1998 as a Missouri
              corporation.
              In March, 2005, we reincorporated in Delaware and in April 2006 we
              redomiciled
              to Colorado.
 
 On
              February 14, 2006, our shareholders approved a three for two stock
              split. All
              common shares here-in reflect this split.
 
 Until
              December 31, 2004 we operated as a Subchapter S corporation under the
              Internal
              Revenue Code of 1986, as amended, with any income or loss passed through
              to the
              shareholders for income tax purposes. Beginning January 1, 2005 we
              converted to
              a Subchapter C corporation and became subject to income taxation.
 
 **Description
              of Business**
 
 Overview
              and Business Development
 
 We
              were
              organized to apply information technology and electronic documentation
              management to the livestock industry by addressing the growing importance
              to the
              industry (producers, processors, and customers) of detailed information
              regarding identification, traceability, and verification of marketing
              claims
              such as: source of origin information, genetic background, animal treatment,
              animal health history, animal age, animal movements, nutrition, and
              other
              credence attributes (those claims made that can not be confirmed by
              visual
              inspection once the product reaches the meat case and is marketed to
              the
              consumer). To address this demand, we developed a range of proprietary
              web based
              applications, consulting methodologies, auditing processes, and other
              services
              to allow the livestock industry to record, manage, report, and audit
              this
              information.
 
   5
 
 In
              May
              2005, we acquired certain assets and liabilities of Cattlefeeding.com,
              Inc., an
              entity which operated Cattenetwork.com, an internet-based online service
              providing news and information about the North American cattle industry.
              Cattlenetwork.com contributes revenues from its e-commerce activities
              (Cattlestore.com) and advertising.
 
 Industry
              Background
 
 As
              the
              cattle livestock industry has matured and expanded internationally,
              there has
              been an increasing need to record, manage, report and audit information
              regarding the source, age, genetic background, nutrition, and other
              credence
              attributes of livestock for the benefit of producers, processors, distributors,
              retailers, consumers, and regulators.
 
 Demand
              for livestock identification, traceability and verification solutions
              further
              accelerated in recent years due to industry and consumer concerns regarding
              bovine spongiform encephalopathy (mad cow disease) governmental and
              industry
              regulations regarding recordkeeping for livestock, and technology,
              and
              technology advances, including radio frequency ID tags for livestock
              and
              web-based systems facilitating real-time data entry and reporting.
 
 Many
              of
              the world's largest beef exporting countries, including Brazil, Argentina,
              and
              Australia, have established mandatory traceability and verification
              standards.
              Other countries have issued voluntary animal identification and traceability
              standards. The United States lags with regards to meeting this market
              demand, as
              the United States government has not to date established voluntary
              or mandatory
              traceability and verification standards. Currently, the Agriculture
              and Plant
              Health Inspection Services Agency ("APHIS") is working on the development
              of
              recommended voluntary animal identification and traceability standards.
              However,
              the estimated time for launch is not until January 2009.
 
 To
              support industry driven marketing programs and to comply with regulations
              established by international export partners, the United States Department
              of
              Agriculture ("USDA"), Agriculture Marketing Service, Audit, Review
              and
              Compliance Branch has established the voluntary Quality System Assessment,
              Non
              Hormone Treated Cattle, and Process Verified programs based on ISO
              9000
              Standards. These programs provide guidelines and structure to enable
              suppliers
              of agricultural products and services to assure customers of their
              ability to
              provide consistent quality products or services by having their processes
              audited by independent, third-party audits using USDA approved methodologies
              and
              standards.
 
 The
              USDA's Quality System Assessment (QSA) program is a documented quality
              management system and verification trail that can support specific
              product
              claims or customer requirements, as well as confirm compliance with
              export
              standards. The approved QSA must show that characteristics of the product
              are
              being monitored and measured accurately. Approved QSA programs are
              audited by
              the USDA at least twice per year.
 
 The
              USDA's Process Verified Program ("PVP") is similar to the QSA program,
              but
              broader in scope. Like the QSA, PVP ensures that companies deliver
              products that
              meet stated product claims. In addition, it provides beef suppliers
              with a
              verifiable marketing tool. Once marketing claims are verified by the
              USDA, the
              company may use the "USDA Process Verified" shield on its marketing
              materials.
 
 Both
              Quality Systems Assessment and Process Verification Programs are applicable
              to a
              company's entire program or certain portions of its programs where
              specified
              producer or product requirements are supported by a document quality
              management
              system and the documented delivery processes are verified through an
              independent, third party audit. To operate an approved program, suppliers
              must
              submit a documented quality management system to the Audit Review and
              Compliance
              Branch of the USDA Livestock and Seed Program and successfully pass
              a document
              review and an on-site audit.
 
 Within
              the United States, these USDA programs are voluntary and are primarily
              useful in
              providing the industry with a process for demonstrating source, age,
              and quality
              attributes as the product moves through the supply chain. In addition,
              compliance with the programs allows producers to verify claims such
              as "all
              natural," "non-hormone treated," or "guaranteed tender."
 
 To
              market
              beef products outside of the United States, suppliers must comply with
              the QSA
              and PVP policies and procedures and address the specified product requirements
              addressed in the USDA Export Verification ("EV") Instructions specific
              to each
              country. Regardless of final export destination or specific Export
              Verification
              program requirements, US suppliers seeking to sell beef products must
              participate in a pre-approved Quality System Assessment  or Process
              Verified Program so as to have an approved means of verifying source,
              age, and
              other specific product requirements. Therefore, though the program
              is voluntary,
              it is mandatory to gain access to export markets.
 
 To
              market
              beef products in Japan, Mexico, South Korea, and Europe, the world's
              largest export markets, beef is required to be sourced from cattle
              that are of a
              certain maximum age at the time of slaughter. The USDA QSA program
              is the
              standard mechanism for verifying source and age for these export markets
              and,
              therefore, is a mandatory requirement for producers, packers, and distributors
              to sell beef products for export to these key markets.
 
   6
 These
              export markets represent a significant opportunity for the US cattle
              industry.
              Prior to the discovery of the first case of mad cow disease in the
              US in
              December 2003, the USDA estimated that the industry exported approximately
              $2.8B
              to Japan, Mexico, South Korea, and Canada. The governments of these
              and other
              countries responded to the discovery by forbidding import of beef from
              the US,
              and exports fell to approximately $0.4B during 2004. In large part
              because of
              implementation of the USDA QSA initiatives, export partners' confidence
              in the
              US cattle supply increased, and many export markets reopened, including
              Mexico,
              Canada, Hong Kong, Singapore, and Taiwan. In December 2005, Japan lifted
              its ban
              on imported US beef, but reinstated it in January 2006 after an inspection
              revealed a case of non-compliance with the Japanese import regulations.
              As of
              July 27, 2006, the Japanese market has reopened. The Korean market
              has also
              reopened, but has imposed restrictions which make compliance extremely
              difficult. The Chinese market remains closed. Current beef consumption
              within
              the US has not changed over the past 20 years, while the productivity
              of the US
              beef industry continues to improve. Therefore, international market
              access and
              growth is critical for the US beef industry. Future growth opportunities
              for US
              protein lie in consumption growth internationally, as only 2% of the
              world's
              population resides in the US.
 
 The
              opportunity to participate in export markets presents a strong indicator
              of
              potential demand for approved verification processes, which have become
              essential. However, during the time in which the export markets are
              closed,
              demand for solutions to comply with these regulatory requirements is
              constrained.
 
 The
              Business
 
 To
              address the livestock industry's requirements to deploy and maintain
              identification, traceability, and verification systems and to facilitate
              participation in and compliance with the USDA's Quality System Assessment,
              Process Verification, and Beef Export Verification Programs, we have
              developed
              and offer a balanced portfolio of products and services. These solutions
              address
              specific requirements at each level of the livestock supply chain.
              In addition,
              we offer customized solutions to address unique customer requirements.
              We
              complement these products and services with our Cattlenetwork.com and
              Cattlestore.com industry information services and internet portals.
 
 Our
              product and services offerings are described in further detail
              below.
 
 USVerified
 
 We
              offer
              a range of products and services under our USVerified brand to track,
              record,
              manage, report, and audit key data regarding livestock. Our offerings
              address
              the needs of each industry segment, and our customers span the supply
              chain from
              birth through the various stages of feeding and raising the livestock,
              to
              packing and distribution. We have no principal suppliers because most
              of our
              revenue is service related. What products we do purchase (principally
              cattle
              identification ear tags) we purchase primarily from Allflex and Digital
              Angel. However, there are numerous other companies which manufacture
              and market
              such ear tags.
 
 Our
              USVerified products and services offerings are tailored to the needs
              of each
              level of the beef supply chain in support of USDA programs:
 
 Suppliers
              (Cow/Calf Producers)
 
 Supply
              Verified is a verification and auditing service offered to cattle suppliers
              that
              enables them to demonstrate their ability to efficiently and accurately
              track
              key data related to the source and age of cattle. The USDA has informed
              us that
              our Supply Verified program was the industry’s first USDA approved offsite
              evaluation process for cattle suppliers to meet requirements under
              the USDA's
              QSA and PVP programs.
 
 Under
              the
              Supply Verified program, suppliers provide documentation to us about
              their
              processes for compliance with the QSA program. This documentation is
              evaluated
              and audited by us and, if warranted, we provide a certificate that
              the producer
              meets the requirements of source and age verification. We charge each
              cattle
              supplier a fixed annual fee for performing the audit and providing
              the
              certification. In order to maintain QSA certification, a supplier must
              participate in the annual audits.
 
 Based
              on
              the State of the Industry Report 2006 published by Primedia, the USDA
              estimates
              that there are approximately 775,000 independent suppliers of cattle
              in the
              United States, of which approximately 5,310 have herds of at least
              500
              head.
 
 Feed
              Yards
 
 We
              offer
              solutions to enable feed yards to comply with USDA's QSA requirements.
              Initially, we work with the feed yard to implement the required systems
              and
              procedures to track key data regarding the cattle that move through
              the
              operation, including source and age as well as additional health and
              nutritional
              information. This service is provided and priced to feed yards on a
              packaged
              basis, which includes access to our proprietary web based applications
              and
              processes, completion of a USDA program compliant manual, obtaining
              USDA
              approval, implementation services, and initial training. In addition,
              we offer a
              monthly service to maintain the USDA compliant manual and web host
              the
              data.
 
  7
  Based
                on
                the State of the Industry Report 2006 published by Primedia, there
                are
                approximately 89,444 independent feed yards in the United States
                with
                approximately 2,176 having capacity of at least 1,000 head.
 
 Packers
 
 We
              offer
              solutions to meat packers, processors and distributors to demonstrate
              that their
              products comply with USDA's QSA requirements, Export Verification ("EV")
              requirements as well as the USDA's Process Verified Program ("PVP"),
              which is
              broader in scope than the QSA program. Suppliers with approved USDA
              Process
              Verified Programs are able to make marketing claims associated with
              their
              process verified points -- such as age, source, feeding practices,
              or other
              raising and processing claims - and market themselves as "USDA Process
              Verified." This service is provided and priced to meat packers on a
              packaged
              basis, which includes access to our Proprietary web based applications
              and
              processes, completion of a USDA program compliant manual, obtaining
              USDA
              approval, implementation services, and initial training. In addition,
              we offer a
              monthly service to maintain the USDA compliant manual and web host
              the
              data.
 
 According
              to the most recent Packers & Stockyards data, in 2005 there were 657
              federally inspected slaughter plants in the U.S. The top 4 firms slaughtered
              79.1% of the total.
 
 Consulting
 
 In
              addition to our standard USVerified product offerings, we offer consulting
              and
              web-based development on a customized basis to meet special customer
              requirements.
 
 For
              the
              years-ended December 31, 2006 and 2005, our US Verified Programs provided
              approximately 55% and 73%, respectively, of our revenue.
 
 Hardware
 
 In
              support of these proprietary product and service offerings, we offer
              hardware
              products (primarily identification cattle ear tags) to our customers.
              While
              these hardware products have lower profit margins compared with our
              proprietary
              offerings, they allow us to offer our customers a comprehensive solution.
              Approximately 19% and 14% of our revenue was provided by the sale of
              hardware
              during the years-ended December 31, 2006 and 2005, respectively.
 
 Internet-Based
              Online Services
 
 We
              own
              and operate Cattlenetwork.com, an internet-based online service providing
              news
              and information about the North American cattle industry and Cattlestore.com,
              an
              e-commerce site for customers to purchase a wide range of products
              and supplies
              related to agriculture. This business was acquired in May 2005. Prior
              to this
              acquisition, we did not offer any internet based online services.
 
 According
              to Alexa Internet, an information service that tracks and analyzes
              website
              traffic, Cattlenetwork.com is the second largest online source of news
              and
              information regarding the North American cattle industry.
 
 We
              derive
              revenue from our internet-based online service offerings through a
              combination
              of advertising sales to companies seeking to reach Cattlenetwork’s unique base
              of readers and sales of products through Cattlestore.com. Internet
              sales and
              advertising generated approximately 26% and 13% of our revenue for
              the
              years-ended December 31, 2006 and 2005, respectively.
 
 Sales
              and
              Marketing
 
 We
              sell
              our USVerified products and services directly to customers at various
              levels in
              the livestock supply chain. This program was formally launched in June
              of 2005
              and represented a new line of business for the Company. Our largest
              customers
              are Smithfield, the largest U.S. pork packer and fifth largest beef
              packer;
              National Beef, the fourth largest U.S. beef packer; Harris Ranch; PM
              Beef Group;
              Creekstone Foods; US Premium Beef; Farmland Foods; Cargill Meat Solutions;
              Meyer
              Natural Angus; Land O Lakes; Purina Mills; Visa Trace; Walco Animal
              Health;
              Schering Plough Animal Health; Merial Corporation; Superior Livestock
              Marketing;
              The Beef Marketing Group; Angus GeneNet; Montana Branded Beef Association;
              Origen; the Missouri Department of Agriculture; the Missouri Veterinary
              Medical
              Association; and The Arkansas Department of Agriculture. No single
              customer
              generates more than 10% of our revenue.
 
  8
  Our
                marketing strategy includes direct marketing, advertising, event
                sponsorship,
                and trade show participation. From a public relations perspective,
                our staff is
                frequently quoted in industry trade journals and requested as speakers
                at
                various industry events as subject matter experts on the topics of
                animal
                identification, traceability, and the USDA QSA, EV and PVP programs.
                We maintain
                strong affiliations with Breed Associations, US Meat Export Federation,
                National Cattlemen’s Beef Association, and Livestock Marketing
                Association.
 
 In
              order
              to reach additional customers, we are developing strategic marketing
              partnerships with leading companies in the industry with complementary
              abilities
              and products. In February 2006, we entered into two strategic alliances:
 
 *
              We
              announced a marketing agreement with Merial, Ltd. Under this agreement,
              Merial
              will offer our USVerified source and age verification solutions to
              cattle
              producers together with Merial's SUREHEALTH calf preconditioning
              program.
 
 *
              We
              entered into an agreement with Superior Livestock, under which we will
              assist
              Superior Livestock in establishing a branded QSA compliant program,
              Superior
              Verified. Under this agreement, we will offer certification and auditing
              solutions to Superior Livestock's cattle producers.
 
 We
              do not
              currently rely on any third party contracts with distributors, licenses
              or
              manufacturers in conducting our business.
 
 Competition
 
 Of
              the
              775,000 independent suppliers of cattle in the United States, we estimate
              that
              only approximately 40,000 use some form of verification program. We
              currently
              provide tracking information for approximately 1,500 of these independent
              suppliers. Our system is a paper based system which does not require
              the use of
              a computer. All of the systems of our competitors require computer
              applications.
              Due to lack of computerized technology and accessibility at the supplier
              level,
              the paper based system utilizing a fax machine has gained wider acceptance.
              The
              remote transmittal of information by fax allows us to provide off-site
              evaluations. This reduces travel expenses and costs. Our system allows
              for
              offsite servicing (the review of the faxed information by our auditors
              and
              telephone verification) coupled with on site sample audits. All of
              our
              competitors require on site inspection. Our other advantage, to the
              best of our
              knowledge, is that our competitors do not offer a USDA approved program
              to
              feedlots and packers and therefore those that use our program also
              create
              additional opportunity with the cattle suppliers to utilize our verification
              (Supply Verify) program.
 
 Our
              key
              competitors are:
 
 AgInfolink,
              a privately held global information technology company that develops
              traceability tools for the world’s food supply. In 2005, this company also
              acquired the business operations of Animal Permanent Electronic Identification
              Systems, Inc., a provider of animal traceability solutions to cattle
              producers
              in the central plains and Montana. AgInfolink competes with us on our
              Supplied
              Verify Program. We estimate that AgInfolink has less than 1,000
              customers.
 
 eMerge
              Interactive, Inc., a technology company serving the agricultural food
              service
              and healthcare industries. Its two principal business focuses are food
              safety
              technology and livestock management principally through its Inspection
              Control
              and Cattle log Animal Information Systems. eMerge competes with us
              on our
              Supplied Verify Program. We estimate that eMerge has less than 1,000
              customers.
              On February 14, 2007, eMerge filed for voluntary protection under Chapter
              11 of
              the United States Bankruptcy code.
 
 MicroBeef
              Technologies, is a manufacturer of computerized real-time management
              systems for
              the beef industry. Its management systems include marketing management,
              information systems, nutrition programs and health administration.
              They also
              have a verification program, ECM, which competes with our Supply Verified
              Program. We estimate that MicroBeef has less then 500 customers.
 
 Sterling
              Solutions, an affiliate of Sterling Marketing, Inc., offers market
              driven source
              verification programs designed for simplicity and compliance with domestic
              and
              international standards. Sterling Solutions is a USDA Process Verification
              Program which competes with our Supply Verified Program. We estimate
              that
              Sterling has approximately 150 customers.
 
 Intellectual
              Property
 
 The
              Company has been issued a patent, No. 7,181,408, for its Livestock
              pricing
              system and has one patent pending: Serial No. 11/190, 245 - Computer
              program and
              method for establishing, documenting, implementing and maintaining
              a quality
              management system for quality systems assessment and product verification
              programs.
 
 We
              have
              been granted trademarks for the IMI logo, Passport to Profitability,
              Beef
              Passport and Grid Max. We have filed trademark applications for Chuteside,
              Web
              Integrator, US Verified, IMI Global, Cattlenetwork and Cattlestore.
 
 Employees
 
 As
              of
              December 31, 2006 we had fourteen (14) employees all of which are full-time.
 
   9
 **ITEM
                2.**  **DESCRIPTION OF PROPERTIES**
 
 We
              lease
              approximately 3,100 square feet of office space in a one story office
              facility
              in Castle Rock, Colorado which is used as our corporate headquarters.
              Our lease
              expires on June 18, 2011. Our rent for the facility in Castle Rock,
              Colorado is
              $4,973 per month.
 
 We
              lease
              approximately 2,415 square feet of office space in a two story building
              in
              Platte City, Missouri. Our lease expires on January 31, 2008. Our rent
              for the
              facility in Platte City, Missouri is $1,550 per month.
 
 **ITEM
              3.**   **LEGAL
              PROCEEDINGS**
 
 We
              are
              not a party to any pending legal proceeding. We are not aware of any
              contemplated legal proceeding by a governmental authority or a private
              party
              involving IMI Global.
 
 **ITEM
              4.**  **SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**
 
 During
              the quarter ended December 31, 2006, no matters were submitted to a
              vote of
              security holders.
 
 **PART
              II**
 
 **ITEM
              5.**  **MARKET
              FOR COMMON EQUITY’ RELATED STOCKHOLDER MATTERSAND SMALL BUSINESS ISSUER
              PURCHASES OF EQUITY SECURITIES**
 
 Since
              the
              inception of the public trading of our securities on November 15, 2006,
              our
              common stock has been listed on the over-the-counter electronic bulletin
              board
              (“OTC:BB”) under the symbol “INMG”. The following table sets forth the range of
              high and low bid prices since the debut of public trading in our
              shares.
 
 High
                    
                    LowCalendar
                        Year 2006Fourth
                        Quarter
                    
                    $
                    1.40
                    
                    $
                    0.33
  The
              quotations reflect inter-dealer prices without retail mark-up, mark-down
              or
              commission and may not represent actual transactions.
 
 As
              of
              March 15, 2007, the closing bid price of the common stock was
              $0.24.
 
 As
              of
              March 15, 2007, we estimate that there were approximately 135 beneficial
              and
              actual owners of our Common Stock. ****
 
 Between
              November 9, 2007 and November 15, 2007 we sold 905,768 shares of our
              common
              stock at an average sales price of $0.63 per share to six investors,
              netting
              $571,460. There was no commission paid on the sale of these shares.
 
 The
              issuance of these shares of our common stock described above was pursuant
              to the
              exemption from registration provided by Section 4(2) of the Securities
              Act of
              1933, as amended and related state private offering exemptions. All
              of the
              investors were Accredited Investors as defined in the Securities Act
              who took
              their shares for investments purposes without a view to distribution
              and had
              access to information concerning the company and its business prospects,
              as
              required by the Securities Act.
 
 In
              addition, there was no general solicitation or advertising for the
              purchase of
              these shares. All certificates for these shares issued pursuant to
              Section 4(2)
              contain a restrictive legend. Finally, our stock transfer agent has
              been
              instructed not to transfer any of such shares, unless such shares are
              registered
              for resale or there is an exemption with respect to their transfer.
   10
 **ITEM
                  6.**  **MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
                  OPERATIONS**
   We
              are
              engaged in the business of livestock tracking and herd management identification
              and verification solutions and consulting services for the livestock
              and the
              meat industry. We also maintain an internet portal dedicated to publishing
              news
              and trends in the agricultural industry and marketing products to this
              industry.
   The
              following discussion and analysis contains forward-looking statements,
              which
              involve risk and uncertainties. Our actual results may differ significantly
              from
              the results, expectations and plans discussed in these forward looking
              statements.
  **Overview**
  We
              were
              incorporated in 1998 as a Missouri corporation. In March, 2005, we
              reincorporated in Delaware, and in March 2006, we changed our domicile
              from
              Delaware to Colorado.
  Until
              December 31, 2004 we were structured as a Subchapter S corporation,
              as that term
              is defined in the Internal Revenue Code of 1986, as amended, with all
              income or
              loss passed through to the shareholders. Beginning on January 1, 2005
              we
              converted to a Subchapter C corporation and began to be directly subject
              to
              federal and state income taxation.
  On
              May
              12, 2005, we completed an acquisition of the assets and assumed certain
              liabilities of Cattlefeeding.com, Inc. which owned and operated the
              Cattlenetwork.com and the Cattlestore.com websites. The sales, costs,
              and
              expenses resulting from this acquisition have been included in our
              results of
              operations since the acquisition date. Therefore, approximately 7 1/2
              months of
              the results of operations of these acquired businesses are included
              in our
              financial statements for the year ended December 31, 2005 and twelve
              months for
              the year ended December 31, 2006.
  As
              set
              forth in Description of Business-Industry Background, customer demand
              for our
              solutions is, to a large extent supported by the U.S. beef industry's
              voluntary
              participation in quality verification programs related to the export
              of beef to
              international markets, including Japan, Mexico, South Korea, Canada
              and Europe.
              Subsequent to the discovery of the first case of mad cow disease in
              the U.S. in
              December, 2003, the governments of these and other countries banned
              the import
              of beef from the U.S. Since that time, based on increased confidence
              resulting
              from implementation of quality verification programs (such as those
              offered by
              us), some of these key export markets such as Mexico and Canada have
              reopened.
              The Japan market, which has historically been the largest, remained
              closed (with
              the exception of a brief period from December 2005 to January 2006)
              and then, on
              July 27, 2006 the Japanese re-opened their market, however, Japanese
              customers
              have been slow to buy U.S. beef. The Korean market has also been re-opened
              but
              has imposed requirements which make compliance extremely difficult.
              China
              remains closed. The opportunity to participate in export markets presents
              a
              strong indicator of potential demand for approved verification processes,
              which
              have become essential. However, during the time in which the export
              markets are
              constrained, demand for our verification products is limited as participation
              in
              verification programs in the U.S. is voluntary and is only required
              for
              exporting beef. However, even in the current environment, we have experienced
              increasing demand for our verification and identification programs,
              driven by
              growing demand in Japan and Europe and, in the U.S., marketing claims
              of NHTC
              (non-hormone treated cattle) and humane handling.
  **Liquidity
              and Capital Resources**
  At
              December 31, 2006, we had cash and cash equivalents of $230,539 and
              working
              capital of $74,123 compared to $684,833 of cash and cash equivalents
              and working
              capital of $599,322 at December 31, 2005. At December 31, 2005, we
              had
              restricted cash of $471,664, including $421,664 held in escrow for
              the purchase
              of treasury stock and a $50,000 certificate of deposit held as collateral
              against our line of credit. In the first quarter of 2006, the $421,664
              held in
              escrow was released and the company acquired 8,250,000 shares of its
              common
              stock for an aggregate cash purchase price of $885,000 (See Note 6
              to the
              financial statements).
   Net
              cash
              used by operating activities during the year ended December 31, 2006
              was
              $1,152,365 compared to $869,783 used by operating activities during
              the year
              ended December 31, 2005. The net cash used by operations was the principal
              reason for the overall reduction in our cash and cash equivalents balance.
   Net
              cash
              provided by financing activities during the year ended December 31,
              2006 was
              $713,966, compared to $1,711,238 provided by financing activities during
              the
              year ended December 31, 2005. As further discussed in Note 6 to the
              financial
              statements, the net cash provided by financing activities was related
              primarily
              to the completion of private placements off-set by the acquisition
              of treasury
              stock in the first quarter of 2006. In summary, a net total of $2,416,452
              was
              raised in 2005 and 2006, after considering the $885,000 purchase of
              treasury
              stock.
   11
 Accounts
              receivable decreased to $178,159 at December 31, 2006, compared to
              $241,304 at
              December 31, 2005. The decrease in accounts receivable was primarily
              attributable to the increased level of USVerified revenues during the
              last two
              months of 2005 (which had not yet been collected as of December 31,
              2005)
              principally resulting from the temporary opening of the Japanese beef
              export
              market. The majority of these accounts receivable were collected in
              the first
              quarter of 2006.
   We
              had no
              prepaid expenses as of December 31, 2005. As of December 31, 2006,
              prepaid
              expenses totaled $33,435 and related primarily to prepaid insurance.
   Accounts
              payable and accrued expenses were $214,753 at December 31, 2006, compared
              to
              $190,030 at December 31, 2005. The increase relates primarily from
              increased
              activity compared to the fourth quarter of 2005.
   Deferred
              revenue at December 31, 2006 was $10,820, compared to $46,556 at December
              31,
              2005. The decrease in deferred revenue was attributable to acceleration
              of our
              US Verified development cycle.
   We
              believe that we have sufficient financial resources to fund our operations
              during 2007. Considering our cash on hand at December 31, 2006, our
              available
              line of credit of $68,000, the recent stock sale of $250,000 and our
              internal
              estimates, we have sufficient cash to execute our 2007 Business Plan.
              Our
              founders have also offered to lend funds to the Company. However, if
              U.S. beef
              export markets, particularly that of Japan, were to close or other
              unanticipated
              factors impact our plan, we may require additional capital to support
              our
              operations during 2007. At the present time, we do not have formal
              commitments
              for any such additional capital, and there can be no assurance that,
              if needed
              additional capital will be available to us on commercially acceptable
              terms, or
              at all.
   As
              of
              December 31, 2006, the Company has no off-balance sheet arrangements
              of any
              type.
   **Results
              of Operations**
   **Year
              Ended December 31, 2006 Compared to Year Ended December 31,
              2005**
  **Revenues**
  Revenues
              are derived from sales of our USVerified identification and verification
              solutions, related hardware products, and advertising and products
              related to
              our internet-based online information/news site and e-commerce site.
              Revenues
              for the year ended December 31, 2006 were $1,539,933, an increase of
              61% over
              the 2005 amount of $957,894. The primary reason for the increase in
              sales was a
              full year of operations from both our US Verified solutions and our
              internet-based online web sites.
   In
              mid-2005, the verification and identification US Verified programs
              were launched
              and received strong demand in anticipation of the Japanese border re-opening.
              The border re-opened in early December 2005 but was subsequently closed
              in
              January 2006 due to a non-conforming meat shipment unrelated to the
              company’s
              programs. The Japan border was re-opened again in late July so that
              2006
              reflects approximately 6 months of the Japan border being open. While
              Japanese
              customers have been slow to respond to U.S. beef, the re-opening has
              driven
              increased demand for our US Verified solutions. Marketing claims, including
              NHTC
              (non-hormone treated cattle) and humane handling, have also increased
              demand for
              our US Verified solutions.
   In
              2006,
              US Verified solutions revenue increased 21% to $854,763 in 2006 from
              $704,968 in
              2005. Related hardware sales, principally cattle identification ear
              tags,
              increased 118% to $289,767 in 2006 from $132,708 in 2005. Sales of
              our
              USVerified solutions are expected to represent a substantial proportion
              (in
              excess of 40%) of revenues in the future. As set forth in Description
              of
              Business--Industry Background, we believe that customer demand for
              our
              USVerified solutions will increase substantially with the reopening
              of key
              export markets. Our internet-based online web sites (Cattlenetwork.com
              and
              Cattlestore.com) were acquired in May 2005 and therefore reflect 7
1⁄2 months of
              operations in 2005. Revenue from these sites increased 221% to $395,403
              in 2006
              from $123,218 in 2005. The Cattlenetwork.com website, which derives
              the majority
              of revenue from advertising, increased 146% to $239,732 in 2006. The
              Cattlestore.com website, which was launched in late 2005, derives its
              revenue
              from lower margin e-commerce product sales. In 2006, revenues from
              Cattlestore.com increased 579% to $155,671.
  **Cost
              of Sales and Gross Margin**
  Cost
              of
              sales for the year ended December 31, 2006 were $781,494, an increase
              of 46%
              over the 2005 amount of $534,158. Gross margin increased to 49% of
              revenues for
              2006 compared to 44% for 2005. The primary reasons for the increased
              margin and
              margin percent relates to the overall increase in revenue coupled with
              the
              higher advertising revenue and margins of Cattlenetwork.com and improved
              margins
              in hardware and Cattlestore.com sales which carry lower margins. We
              anticipate
              that in the future, sales of our USVerified solutions and Cattlenetwork.com
              advertising revenue will constitute an increasing proportion of overall
              revenue,
              which will result in a corresponding increase in overall gross margin
              percentage
              due to the comparatively higher margins of these products and service
              offerings.
   12
 **Selling,
                General and Administrative Expenses**
  Selling,
              general and administrative expenses for the year ended December 31,
              2006 were
              $2,302,248, an increase of 63% over the 2005 amount of $1,414,007.
              Overall,
              these expenses have increased across substantially all categories principally
              as
              a result of our focus on USVerified solutions, the expansion of
              Cattlenetwork.com and Cattlestore.com, preparing for the registration
              of the
              Company's outstanding shares, and expenses associated with stock-based
              compensation.
   The
              primary categories increasing these expenses are salaries which increased
              from
              $258,647 to $563,176. Overall, headcount increased from four at the
              beginning of
              2005 to twelve at the end of 2005 and fifteen by the end of 2006. Two
              persons of
              the increase in 2005 were related to the acquisition of Cattlenetwork.com.
              Legal
              and professional fees increased from $90,988 in 2005 to $274,932 in
              2006 as a
              result of the anticipated filing of a Registration Statement and stock-based
              compensation (See Note 9) increased from $30,000 in 2005 to $353,410
              in 2006 as
              a result of the Company’s adoption of FAS123(R) effective January 1, 2006.
              Contracted services declined slightly in 2006 to $335,614 from $362,418
              in 2005.
              The Company plans to reduce its reliance on contractors by engaging
              permanent
              employees as required.
  **Other
              Income (Expense)**
  Net
              other
              expense for the year ended December 31, 2006 decreased to $15,233 compared
              to
              $37,701 for the year ended December 31, 2005. The decrease during 2006
              was
              primarily attributable to $25,000 interest paid on a Promissory Note
              which was
              retired in 2005.
  **Net
              Income (Loss)**
  As
              a
              result of the foregoing, the net loss for the year ended December 31,
              2006 was
              $1,559,042, compared to $1,027,972 for the year ended December 31,
              2005.
   **Critical
              Accounting Policies and Estimates**
   The
              preparation of financial statements requires management to make estimates
              and
              assumptions that affect the amounts reported. The estimates that required
              management's most difficult subjective or complex judgments are described
              below.
   **Impairment
              of Goodwill**
   We
              recorded goodwill as a result of the acquisition of Cattlefeeding.com,
              Inc.
              Following the end of 2005 and 2006, an assessment was made whether
              any of the
              goodwill recorded had been impaired. After an assessment by us and
              review by the
              independent accountants, no impairment charge was taken.
   **Allowance
              for Doubtful Accounts**
   The
              allowance for doubtful accounts is based on management's best assessment
              of our
              outstanding receivables.
    13
 INDEX
                                  TO FINANCIAL STATEMENTS
                                INTEGRATED
                                  MANAGEMENT INFORMATION, INC.
                                TABLE
                                  OF CONTENTS
                                December
                                  31, 2006 and 2005Report
                                  of Independent Public Accounting Firm
                              15Balance
                                  Sheets
                              16Statements
                                  of Operations
                              17Statements
                                  of Stockholders’ Equity
                              18Statements
                                  of Cash Flows
                              19Notes
                                  to Financial Statements
                              20-32
 
  14
  **REPORT
                OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
 
 **TO
              THE BOARD OF DIRECTORS AND STOCKHOLDERS OF**
 **INTEGRATED
              MANAGEMENT INFORMATION, INC.**
 
 We
              have
              audited the accompanying balance sheets of Integrated Management Information,
              Inc. as of December 31, 2006 and 2005 and the related statements of
              operations,
              shareholders’ equity, and cash flows for the years ended December 31, 2006 and
              2005. These financial statements are the responsibility of the Company’s
              management. Our responsibility is to express an opinion on these financial
              statements based on our audits.
 
 We
              conducted our audits in accordance with standards of the Public Company
              Accounting Oversight Board (United States). Those standards require
              that we plan
              and perform the audits to obtain reasonable assurance about whether
              the
              financial statements are free of material misstatement. An audit includes
              examining, on a test basis, evidence supporting the amounts and disclosures
              in
              the financial statements. An audit also includes assessing the accounting
              principles used and significant estimates made by management, as well
              as
              evaluating the overall financial statement presentation. We believe
              that our
              audits provide a reasonable basis for our opinion.
 
 In
              our
              opinion, the financial statements referred to above present fairly,
              in all
              material respects, the financial position of Integrated Management
              Information,
              Inc. as of December 31, 2006 and 2005 and the results of its operations
              and cash
              flows for the years then ended in conformity with accounting principles
              generally accepted in the United States of America.
 
 The
              accompanying financial statements have been prepared assuming that
              the Company
              will continue as a going concern. As described in Note 1 to the financial
              statements, conditions exist which raise substantial doubt about the
              Company’s
              ability to continue as a going concern unless it is able to generate
              sufficient
              cash flows to meet its obligations and sustain its operations. Management’s
              plans regarding those matters are also described in Note 1. The financial
              statements do not include any adjustments that might result from the
              outcome of
              this uncertainty.
 
 
 
 Gruber
              & Company, LLC
 Lake
              Saint Louis, Missouri
 February
              15, 2007
 
 
  
 15
 Item
              7.
              Financial Statements
 Integrated
                        Management Information, Inc
                      Balance
                        SheetsDecember
                        31,**Assets**
                    
                    
                    2006
                    
                    
                    
                    
                    
                    2005Current
                        assetsCash
                        and cash equivalents
                    
                    $
                    230,539
                    
                    
                    
                    
                    $
                    684,833Accounts
                        receivable, net of allowance of $14,000 and $21,950
                    
                    
                    178,159
                    
                    
                    
                    
                    
                    241,304Inventory
                    
                    
                    14,185
                    
                    
                    
                    
                    
                    9,771Prepaid
                        expenses
                    
                    
                    33,435
                    
                    
                    
                    
                    
                    ---Total
                        current assets
                    
                    
                    456,318
                    
                    
                    
                    
                    
                    935,908Restricted
                        cashCash
                        restricted for purchase of treasury stock
                    
                    
                    ---
                    
                    
                    
                    
                    
                    421,664Cash
                        restricted for payment of line of credit
                    
                    
                    50,000
                    
                    
                    
                    
                    
                    50,000Total
                        restricted cash
                    
                    
                    50,000
                    
                    
                    
                    
                    
                    471,664Property
                        and equipmentEquipment
                        and furniture
                    
                    
                    115,409
                    
                    
                    
                    
                    
                    99,514Less
                        accumulated depreciation
                    
                    
                    (83,792
                    )
                    
                    
                    
                    
                    (65,739
                    )Net
                        property and equipment
                    
                    
                    31,617
                    
                    
                    
                    
                    
                    33,775Other
                        assetsIntangible
                        assets, net
                    
                    
                    46,633
                    
                    
                    
                    
                    
                    67,564Goodwill
                    
                    
                    418,208
                    
                    
                    
                    
                    
                    418,208Total
                        other assets
                    
                    
                    464,841
                    
                    
                    
                    
                    
                    485,772Total
                        assets
                    
                    $
                    1,002,776
                    
                    
                    
                    
                    $
                    1,927,119**Liabilities
                        and shareholders’ equity****Liabilities**Current
                        liabilitiesNotes
                        payable
                    
                    $
                    156,622
                    
                    
                    
                    
                    $
                    100,000Accounts
                        payable
                    
                    
                    206,466
                    
                    
                    
                    
                    
                    178,847Accrued
                        expenses
                    
                    
                    8,287
                    
                    
                    
                    
                    
                    11,183Deferred
                        revenues
                    
                    
                    10,820
                    
                    
                    
                    
                    
                    46,556Total
                        current liabilities
                    
                    
                    382,195
                    
                    
                    
                    
                    
                    336,586Notes
                        payable
                    
                    
                    350,000
                    
                    
                    
                    
                    
                    350,000**Shareholders’
                        equity**Common
                        stock, par value $.001 per share. Authorized 95,000,000 shares;
                        issued and
                        outstanding 27,023,283 shares (8,250,000 held in treasury)
                        and 25,405,015
                        shares (Note 1)
                    
                    
                    27,024
                    
                    
                    
                    
                    
                    169,366Additional
                        Paid-in capital
                    
                    
                    4,315,571
                    
                    
                    
                    
                    
                    2,099,139Treasury
                        Stock of 8,250,000 shares
                    
                    
                    (1,485,000
                    )
                    
                    
                    
                    
                    ---Retained
                        (deficit)
                    
                    
                    (2,587,014
                    )
                    
                    
                    
                    
                    (1,027,972
                    )Total
                        shareholders’ equity
                    
                    
                    270,581
                    
                    
                    
                    
                    
                    1,240,533Total
                        liabilities and shareholders’ equity
                    
                    $
                    1,002,776
                    
                    
                    
                    
                    $
                    1,927,119See
                        accompanying notes to financial statements
  16
 Integrated
                        Management Information, Inc.
                      Statement
                        of Operations
                      For
                        the years ended December 31, 2006 and 20052006
                    
                    2005Revenues
                    
                    $
                    1,539,933
                    
                    $
                    957,894Cost
                        of sales
                    
                    
                    781,494
                    
                    
                    534,158Gross
                        profit
                    
                    
                    758,439
                    
                    
                    423,736Selling,
                        general and administrative expenses (1)
                    
                    
                    2,302,248
                    
                    
                    1,414,007Income
                        (loss) from operations
                    
                    
                    (1,543,809
                    )
                    
                    (990,271
                    )Other
                        income (expense)Interest
                        income
                    
                    
                    9,068
                    
                    
                    3,173Interest
                        expense
                    
                    
                    (24,301
                    )
                    
                    (40,874
                    )Net
                        other expense
                    
                    
                    (15,233
                    )
                    
                    (37,701
                    )Loss
                        before income taxes
                    
                    
                    (1,559,042
                    )
                    
                    (1,027,972
                    )Income
                        taxes
                    
                    
                    ---
                    
                    
                    ---Net
                        income (loss)
                    
                    $
                    (1,559,042
                    )
                    $
                    (1,027,972
                    )Earnings
                        (loss) per share (Note 9)
                    
                    $
                    (0.08
                    )
                    $
                    (0.04
                    )Average
                        shares outstanding
                    
                    
                    18,885,183
                    
                    
                    23,300,069(1)
                        Includes stock-based compensation - See Note 9
                    
                    $
                    353,410
                    
                    $
                    30,000
 
 
 
 
 
 
 See
              accompanying notes to financial statements
 
  17
 Integrated
                        Management Information, Inc.
                      Statements
                        of Stockholders’ Equity
                      For
                        the years ended December 31, 2006 and 2005Common
                        Stock Shares
                      (Note
                        1)
                    
                    Amount
                    
                    Additional
                      Paid-In
                      Capital
                    
                    Retained
                        Earnings (Deficit)
                    
                    Treasury
                      Stock
                    
                    TotalBalance,
                        December 31, 2004
                    
                    
                    18,000
                    
                    $
                    18
                    
                    $
                    982
                    
                    $
                    (33,067
                    )
                    
                    
                    
                    $
                    $
                        (32,067
                    )January,
                        2005 - Additional
                      Common
                        shares issued to founders
                    
                    
                    16,452,000
                    
                    
                    16,452
                    
                    
                    (16,452
                    )
                    
                    
                    
                    
                    
                    
                    
                    ---January,
                        2005 - Common shares issued for cash upon exercise of
                        options
                    
                    
                    4,117,950
                    
                    
                    4,118
                    
                    
                    213,737
                    
                    
                    
                    
                    
                    
                    
                    
                    217,855January,
                        2005 - Common stock issued to convert note payable-Related
                        parties
                    
                    
                    1,417,050
                    
                    
                    1,417
                    
                    
                    73,583
                    
                    
                    
                    
                    
                    
                    
                    
                    75,000March,
                        2005 - stock options
                      Issued
                        to non-employees
                    
                    
                    
                    
                    
                    
                    
                    
                    30,000
                    
                    
                    
                    
                    
                    
                    
                    
                    30,000May,
                        2005 - Common stock issued to convert note payable
                    
                    
                    41,210
                    
                    
                    41
                    
                    
                    (41
                    )
                    
                    
                    
                    
                    
                    
                    
                    ---May,
                        2005 - Options issued for purchase of Cattlefeeding.com
                        Inc.
                    
                    
                    
                    
                    
                    
                    
                    
                    15,000
                    
                    
                    
                    
                    
                    
                    
                    
                    15,000May,
                        2005 - Common stock issued as consulting fees
                    
                    
                    300,000
                    
                    
                    300
                    
                    
                    181,700
                    
                    
                    
                    
                    
                    
                    
                    
                    182,000May,
                        2005 - Proceeds from sale of stock, net of fees totaling
                        $176,777
                    
                    
                    1,393,205
                    
                    
                    1,393
                    
                    
                    485,030
                    
                    
                    
                    
                    
                    
                    
                    
                    486,423December,
                        2005 - Proceeds from sale of stock, net of fees totaling
                        $104,100
                    
                    
                    1,665,600
                    
                    
                    1,666
                    
                    
                    1,282,234
                    
                    
                    
                    
                    
                    
                    
                    
                    1,283,900“S”
                        Corp deficit/other
                    
                    
                    
                    
                    
                    
                    
                    
                    (22,673
                    )
                    
                    33,067
                    
                    
                    
                    
                    
                    10,394Net
                        income for the year ended December 31, 2005
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    (1,027,972
                    )
                    
                    
                    
                    
                    (1,027,972
                    )Balance,
                        December 31, 2005
                    
                    
                    25,405,015
                    
                    
                    25,405
                    
                    
                    2,243,100
                    
                    
                    (1,027,972
                    )
                    
                    
                    
                    
                    1,240,533February
                        2006 - Proceeds from sale of common stock, net of fees totaling
                        $44,530
                    
                    
                    712,500
                    
                    
                    713
                    
                    
                    548,507
                    
                    
                    
                    
                    
                    
                    
                    
                    549,220February
                        2006 - Purchase of Treasury Stock-8,250,000 shares
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    (885,000
                    )
                    
                    (885,000
                    )February
                        2006 - Implied value of stock options granted to founders
                        in consideration
                        of the sale of treasury stock (Note 7)
                    
                    
                    
                    
                    
                    
                    
                    
                    600,000
                    
                    
                    
                    
                    
                    (600,000
                    )Stock-Based
                        Compensation
                    
                    
                    
                    
                    
                    
                    
                    
                    353,410
                    
                    
                    
                    
                    
                    
                    
                    
                    353,410December
                        2006 - Proceeds from sale of common stock
                    
                    
                    905,768
                    
                    
                    906
                    
                    
                    570,554
                    
                    
                    
                    
                    
                    
                    
                    
                    571,460Net
                        loss for the year ended December 31, 2006
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    (
                        1,559,042
                    )
                    
                    
                    
                    
                    (1,559,042
                    )27,023,283
                    
                    $
                    27,024
                    
                    $
                    4,315,571
                    
                    $
                    (2,587,014
                    )
                    $
                    (1,485,000
                    )
                    $
                    207,581
 
 
 See
                accompanying notes to financial statements
   18
 Integrated
                        Management Information, Inc.
                      Statements
                        of Cash Flows
                      For
                        the years ended December 31, 2006 and 20052006
                    
                    2005**Cash
                        flows from operating activities**Net
                        income (loss)
                    
                    $
                    (1,559,042
                    )
                    $
                    (1,027,972
                    )Adjustments
                        to reconcile net earnings (loss) to net cash provided by
                        operating
                        activities:Depreciation
                        and amortization
                    
                    
                    38,984
                    
                    
                    37,449Provision
                        for bad debts
                    
                    
                    27,864
                    
                    
                    9,950Stock-based
                        compensation
                    
                    
                    353,410
                    
                    
                    30,000Changes
                        in assets and liabilitiesAccounts
                        receivable
                    
                    
                    35,281
                    
                    
                    (183.621
                    )Inventory
                    
                    
                    (4,414
                    )
                    
                    (9,771
                    )Prepaid
                        expenses
                    
                    
                    (33,435
                    )
                    
                    55,914Accounts
                        payable
                    
                    
                    27,619
                    
                    
                    166,224Accrued
                        expenses
                    
                    
                    (2,896
                    )
                    
                    5,488Deferred
                        revenues
                    
                    
                    (35,736
                    )
                    
                    46,556Net
                        cash provided (used) by operating activities
                    
                    
                    (1,152,365
                    )
                    
                    (869,783
                    )**Cash
                        flows from investing activities**Acquisition
                        of office furniture and equipment
                    
                    
                    (15,895
                    )
                    
                    (6,634
                    )Acquisition
                        of Cattlefeeding.com
                    
                    
                    ---
                    
                    
                    (150,000
                    )Net
                        cash used by investing activities
                    
                    
                    (15,895
                    )
                    
                    (156,634
                    )**Cash
                        flows from financing activities**Proceeds
                        from line of credit, net
                    
                    
                    56,622
                    
                    
                    27,330Promissory
                        note repayment
                    
                    
                    ---
                    
                    
                    (25,000
                    )Proceeds
                        from sale of common stock
                    
                    
                    1,120,680
                    
                    
                    2,180,572Restricted
                        cash released from escrow
                    
                    
                    421,664
                    
                    
                    ---Purchase
                        of Treasury Stock
                    
                    
                    (885,000
                    )
                    
                    ---Restricted
                        cash
                    
                    
                    ---
                    
                    
                    (471,664
                    )Net
                        cash provided by financing activities
                    
                    
                    713,966
                    
                    
                    1,711,238Net
                        increase/decrease in cash and equivalents
                    
                    
                    (454,294
                    )
                    
                    684,821Cash
                        and cash equivalents at beginning of period
                    
                    
                    684,833
                    
                    
                    12Cash
                        and cash equivalents at end of period
                    
                    $
                    230,539
                    
                    $
                    684,833**Non-monetary
                        transactions**Note
                        payable issued to acquire Cattlefeeding.com
                    
                    $
                    ---
                    
                    $
                    350,000Debt
                        issuance costs paid by issuance of common stock
                    
                    $
                    ---
                    
                    $
                    182,000
 
 See
              accompanying notes to financial statements
 
 
 
  19
  **Integrated
              Management Information, Inc.**
 **Notes
              to Financial Statements**
  **Note
              1 - Organization and Summary of Significant Accounting Policies**
   **Organization**
   Integrated
              Management Information, Inc. ("IMI Global," "IMI," or the "Company")
              was
              incorporated in 1998 as a Missouri corporation. In March 2005, IMI
              was
              reincorporated in Delaware and, in March 2006, the Company moved its
              state of
              incorporation from Delaware to Colorado. The Company’s headquarters are located
              in Castle Rock, Colorado and it maintains an office in Platte City,
              Missouri.
              The Company provides livestock tracking and herd management software
              database
              applications, consulting services, verification solutions for the livestock
              and
              meat industry and maintains an internet portal dedicated to news, trends,
              and
              products in the agricultural industry.
   IMI
              Global stands at the forefront of a rapidly evolving movement to track
              cattle
              and verify sources of beef products. In the aftermath of the discovery
              of the
              first case of mad cow disease in the United States in December, 2003,
              many of
              the largest U.S. beef export markets were closed resulting in significant
              losses
              to the industry.
   In
              response to the crisis, several initiatives were enacted to facilitate
              the
              reopening of key export markets. Most notably, U.S. suppliers seeking
              to sell
              beef and beef products to other countries must participate in a pre-approved
              Quality System Assessment Program so as to have an approved means of
              verifying
              specific product requirements. With the introduction of the USVerified
              Source
              and Age Verification system in 2005, IMI Global was the first to develop
              a USDA
              Quality System Assessment document management system for auditing the
              tracking
              systems used by beef producers to verify source and age.
  **Going
              Concern**
  As
              shown
              in the accompanying financial statements, the Company has incurred
              a loss from
              operations and negative cash flows from operations. During 2006 and
              2005, the
              Company's growth was funded through a combination of convertible debt
              from
              private investors and private placement offerings. The Company expects
              that it
              may need to raise additional capital to accomplish its business objectives.
              The
              Company will continually evaluate all funding options including additional
              offerings of its securities to private, public and institutional investors
              and
              other credit facilities as they become available. There can be no assurance
              as
              to the availability or terms upon which financing alternatives might
              be
              available.
  **Basis
              of presentation**
  All
              Common Stock shares are presented to reflect a three for two stock
              split
              approved by the shareholders on February 14, 2006.
  In
              connection with the incorporation in the state of Colorado, common
              stock
              authorized was increased to 95,000,000 common shares, $.001 par value,
              from
              50,000,000 shares of common stock, $.01 par value. Additionally 5,000,000
              preferred shares, $.001 par value were authorized, but none have been
              issued.
              Our shareholders’ equity accounts have been restated to reflect the change in
              par value.
  The
              Company accounts for acquired businesses using the purchase method
              of accounting
              which requires that the assets acquired and liabilities assumed be
              recorded at
              the date of acquisition at their respective fair values. The Company's
              financial
              statements reflect an acquired business after the completion of the
              acquisition
              and are not restated. The cost to acquire a business, including transaction
              costs, is allocated to the underlying net assets of the acquired businesses
              in
              proportion to their respective fair values. Any excess of the purchase
              price
              over the estimated fair values of the net assets acquired is recorded
              as
              goodwill.
  On
              May
              12, 2005, IMI completed an acquisition of Cattlefeeding.com, Inc.'s
              net assets
              which has been accounted for under the purchase method of accounting.
              Starting
              at the date of acquisition, the assets acquired and liabilities assumed
              were
              recorded at their respective fair values and the Company's results
              of operations
              included Cattlefeeding.com's advertising revenues, product sales, costs
              and
              expenses from the acquisition date. Therefore, approximately 7 1/2
              months of
              results of operations of Cattlefeeding.com's operations are included
              in the
              Company's financial statements for the year ended December 31, 2005.
   20
  **Estimates
              and assumptions**
  In
              preparing financial statements, the Company uses certain estimates
              and
              assumptions that affect reported amounts and disclosures. For example,
              estimates
              are used when accounting for depreciation, amortization, contingencies
              and asset
              and liability valuations. Estimates are often based on complex judgments,
              probabilities and assumptions that the Company believes to be reasonable
              but
              that are inherently uncertain and unpredictable. Assumptions may be
              incomplete
              or inaccurate and unanticipated events and circumstances may occur.
              It is also
              possible that other professionals, applying reasonable judgment to
              the same
              facts and circumstance, could develop and support a range of alternative
              estimated amounts. The Company is also subject to risks and uncertainties
              that
              may cause actual results to differ from estimated amounts, such as
              changes in
              the administrative directives, rules and regulations of federal, state
              and local
              regulatory agencies, including but not limited to the U.S. Department
              of
              Agriculture, or the Agricultural Marketing Service and the Food Safety
              Inspection Service.
  **Revenue
              recognition**
  Revenues
              are recognized only when realized / realizable and earned in accordance
              with
              generally acceptable accounting principles.
  *
              Revenue
              from product sales are recognized when the goods are shipped and title
              passes to
              the customer.
  *
              Revenue
              from contracts for consulting and website development are recognized
              on the
              percentage of completion method.
  *
              Advertising revenues earned by Cattlefeeding.com are recognized when
              the
              underlying advertisements are published.
  *
              Revenue
              derived from IMI's US Verified program is recognized using the Proportional
              Performance Model. Contracts are cancelable only for non- performance,
              and the
              billable revenue of these contracts at December 31, 2006 and 2005 was
              $115,000
              and $106,000, respectively.
  **Cash
              and cash equivalents**
  All
              cash
              and short-term investments with original maturities of three months
              or less are
              considered cash and cash equivalents, since they are readily convertible
              to
              cash. These short-term investments are stated at cost, which approximates
              fair
              value.
  **Restricted
              cash**
  Pursuant
              to the terms of the Company's line of credit with the Platte Valley
              Bank, a
              $50,000 certificate of deposit is restricted to collateralize the line
              of
              credit.
  An
              escrow
              account was created to hold the funding for stock that was resold in
              the private
              offering. These funds totaling $421,664 were paid out in January, 2006.
  **Inventory**
  Inventory
              consists of cattle identification ear tags, maintained for overnight
              shipment.
              The inventory is valued using the lower of cost or market on a first
              in, first
              out basis. The inventory is used in connection with the US Verify program.
              A
              provision for obsolete or slow moving inventory is not deemed necessary.
  **Cost
              of goods sold**
  Cost
              of
              goods sold includes the purchase price of products sold through the
              Cattlestore
              website and livestock ear tags sold through the US Verified Source
              and Age
              Verification programs. Salaries and related fringe benefits directly
              associated
              with development of the US Verified programs are allocated to cost
              of goods
              sold.
    21
 **Research
              and development and software development costs**
  Research
              and development costs are charged to operations as incurred. SFAS No.
              86,
              "Accounting for the Costs of Computer Software to Be Sold, Leased or
              Otherwise
              Marketed," requires the capitalization of certain computer software
              development
              costs incurred upon the establishment of technological feasibility.
              The
              Company's current process for developing software is essentially completed
              concurrently with the establishment of technological feasibility; therefore,
              no
              costs have been capitalized in 2005 or 2004.
  **Stock-based
              compensation**
  SFAS
              No.
              123 "Accounting for Stock-Based Compensation," established and encourages
              the
              use of the fair value based method of accounting for stock-based compensation
              arrangements under which compensation cost is determined using the
              fair value of
              stock-based compensation determined as of the date of the grant and
              is
              recognized over the periods in which the related services are rendered.
              The
              statement also permits companies to elect to continue using the current
              intrinsic value accounting method specified in Accounting Principles
              Board
              ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees",
              to account
              for stock-based compensation. The Company has elected to use the intrinsic
              value
              based method and has disclosed the pro forma effect of using the fair
              value
              based method to account for its stock-based compensation issued to
              employees
              (see Note 9 - Stock-based compensation). For options granted to employees
              where
              the exercise price is less than the fair value of the stock at the
              date of
              grant, the Company recognizes an expense in accordance with APB 25.
              For
              non-employee stock-based compensation the Company recognizes an expense
              in
              accordance with SFAS No. 123 and values the equity securities based
              on the fair
              value of the security on the date of grant.
  **Amortization
              of intangible assets, depreciation and certain long-lived assets**
  Long-lived
              assets include:
  *
              Goodwill - Goodwill represents the difference between the purchase
              price of a
              business acquisition and the fair value of its net assets. Goodwill
              is not
              amortized.
  *
              Property, plant and equipment - These assets are recorded at original
              cost and
              increased by the cost of any significant improvements made after purchase,
              The
              Company depreciates the cost over the estimated useful lives of the
              respective
              assets using straight line depreciation.
  *
              Intangible assets- Intangibles resulted from the allocation of the
              estimated
              fair values of intangibles acquired in connection with the acquisition
              of
              Cattlefeeding.com, Inc. The company amortizes these assets on a straight
              line
              basis over their estimated useful lives.
  The
              Company reviews all of its long-lived assets, including goodwill and
              other
              intangible assets, for impairment at least annually. The Company records
              changes
              for impairments of long-lived assets for the amount by which the present
              value
              of future cash flows, or some other fair value measure, is less than
              the
              carrying value of these assets.
  **Advertising
              expenses**
  Advertising
              costs are expensed as incurred. The total advertising expenses included
              in the
              Statement of Operations for the years ended December 31, 2006 and December
              31,
              2005 were $5,900 and $48,429, respectively.
  **Fair
              value of financial instruments**
  For
              certain of the Company's financial instruments, including cash, accounts
              payable
              and accrued interest, the carrying amounts approximate fair value due
              to their
              short maturities. The amounts shown for notes payable also approximate
              fair
              value because current interest rates and terms offered to the Company
              for
              similar debt are substantially the same.
  **Income
              (Loss) per share**
  In
              accordance with SFAS No. 128, "Earnings Per Share," the basic income
              / (loss)
              per common share is computed by dividing net income / (loss) available
              to common
              stockholders by the weighted average number of common shares outstanding.
              Diluted income per common share is computed similar to basic income
              per share
              except that the denominator is increased to include the number of additional
              common shares that would have been outstanding if the potential common
              shares
              had been issued and if the additional common shares were dilutive.
   22
 
 **Concentration
              of credit risk**
  Financial
              instruments, which potentially subject the Company to concentrations
              of credit
              risk, consist of cash and cash equivalents and accounts receivable.
              The Company
              places its cash with high quality financial institutions and at times
              may exceed
              the FDIC $100,000 insurance limit. The Company extends credit based
              on an
              evaluation of the customer's financial condition, generally without
              collateral.
              Exposure to losses on receivables is principally dependent on each
              customer's
              financial condition. The Company monitors its exposure for credit losses
              and
              maintains allowances for anticipated losses, as required. Accounts
              are
              "written-off" when deemed uncollectible.
   **Note
              2 - Acquisitions**
   On
              May
              12, 2005, IMI Global, Inc. acquired the net assets of Cattlefeeding.com,
              Inc.
              (a/k/a CattleNetwork.com) as a vehicle to market the Company's products
              and
              expand the reach and profile of the Company in the livestock industry.
              Cattlefeeding.com, Inc. owned and operated the internet domain names
              known as
              CattleNetwork.com and CattleStore.com and all of the intellectual and
              personal
              property located at or related to the businesses. The purchase price
              was
              $500,000 plus warrants for 225,000 shares of IMI Global, Inc. Common
              Stock
              exercisable at $0.61 per share for a three year period from closing.
              The
              $500,000 purchase price consisted of $150,000 cash at closing, plus
              a note in
              the amount of $350,000 payable with interest at a rate of 5% per annum
              (the
              "Cattlefeeding.com Note"). The note is payable with monthly payments
              of interest
              only for thirty-six months. The balance of the note and any unpaid
              interest is
              due on June 12, 2008. The 225,000 warrants were valued pursuant to
              FAS 123 at
              $15,000.
   The
              following table summarizes the components of the purchase price:
  Cash
                    
                    $
                    150,000Cattlefeeding.com
                        Note
                    
                    
                    350,000Stock
                        Options
                    
                    
                    15,000$
                    515,000
  The
              purchase price was allocated to tangible and intangible assets and
              goodwill,
              based on estimates of their fair values-
  Book
                        value of net assets acquired
                    
                    $
                    5,892Customer
                        lists and contracts
                    
                    
                    71,900Developed
                        software/Domain names
                    
                    
                    19,000Goodwill
                    
                    
                    418,208$
                    515,000
 
 These
              assets are being amortized over their estimated useful lives which
              range from 9
              months to 5 years. Amortization expense for 2006 was $23,119 and for
              2005 was
              $23,336. For 2007, the expense will be $17,800; In 2008, $12,464; In
              2009,
              $10,800; In 2010, $3,600.
  The
              excess purchase price over the fair value of net assets and identifiable
              intangibles acquired of $418,208 was allocated to Goodwill. Goodwill
              is not
              amortized but is reviewed for impairment, at least annually.
   23
 **Proforma
              results of Cattlefeeding.com, Inc** .
  The
              following unaudited pro forma financial information presents the combined
              results of operations of IMI Global, Inc. and Cattlefeeding.com, Inc.
              as if the
              acquisition had occurred as of the beginning of the period presented.
              The
              unaudited proforma financial information is not necessarily indicative
              of what
              the Company's consolidated results of operations actually would have
              been had
              the Company completed the acquisition at the beginning of each period.
              In
              addition, the unaudited pro forma financial information does not attempt
              to
              project the future results of operations of the combined company.
  Years
                        Ended December 31,2005
                    
                    2004Revenues
                    
                    $
                    991,201
                    
                    $
                    585,432Net
                        loss
                    
                    
                    (1,067,701
                    )
                    
                    (35,899
                    )Per
                        share amounts:Net
                        loss per common share
                    
                    $
                    (0.05
                    )
                    $
                    (0.00
                    )
  **Note
              3 - Property and equipment**
   The
              major
              categories of property and equipment are as follows at December 31,
              2006 and
              December 31, 2005:
  December
                        31,2006
                    
                    2005Automotive
                        equipment
                    
                    $
                    37,660
                    
                    $
                    37,660Furniture
                        and office equipment
                    
                    
                    65,667
                    
                    
                    52,772Software
                        and tools
                    
                    
                    12,082
                    
                    
                    9,082115,409
                    
                    
                    99,514Less
                        - Accumulated depreciation
                    
                    
                    (83,792
                    )
                    
                    (65,739
                    )Net
                        property and equipment
                    
                    $
                    31,617
                    
                    $
                    35,362
  Depreciation
              expense for the years ended December 31, 2006 and 2005 were $18,053
              and $14,113,
              respectively.
    24
 **Note
              4 - Notes payable**
   Notes
              payable consist of the following:
  December
                        31,2006
                    
                    2005Current
                        MaturitiesPlatte
                        Valley Bank Line of Credit
                    
                    $
                    156,622
                    
                    $
                    100,000Long-Term
                        MaturitiesCattlefeeding.com
                        Note
                    
                    
                    350,000
                    
                    
                    350,000Total
                        Notes Payable
                    
                    $
                    506,622
                    
                    $
                    450,000
  The
              Company maintains a $225,000 line of credit with Platte Valley Bank.
              The line
              was increased from $100,000 in September 2006. The line of credit is
              secured by
              a $50,000 certificate of deposit, the personal guarantee of the two
              founding
              shareholders, a security interest in the founders’ Missouri home, and the
              accounts receivable of the company. Interest, which is payable monthly,
              is at an
              annual rate of 7.75%. The line of credit originally expired March 29,
              2007, but
              has been extended through March 29, 2008.
  On
              October 12, 2004, the Company issued a note in the principal amount
              of $100,000
              to two related parties (50% and 25%, respectively) and a non-related
              investor
              (25%) (the "Promissory Note"). Terms of the notes provided for annual
              interest
              of 10% payable on a monthly basis, conversion at the option of the
              lenders into
              an aggregate of 7% of the Company's outstanding Common Stock (with
              anti-dilution
              provisions and a further option to purchase an additional 7% of the
              Company's
              outstanding Common Stock for an additional $100,000) and final repayment
              of
              outstanding interest and principal on October 13, 2007. In January
              2005, $75,000
              principal amount of the note (the portion held by the two related parties)
              was
              converted to Common Stock. In May 2005, the remaining $25,000 principal
              amount
              under the note (held by the non-related investor) was exchanged by
              the Company
              for $50,000 cash and 41,210 shares of Common Stock in satisfaction
              of all
              obligations under the Promissory Note. Further details regarding these
              transactions are provided in Note 6 - Common Stock.
  On
              May
              12, 2005, in connection with the acquisition of Cattlefeeding.com,
              Inc.'s net
              assets (see Note 2 - Acquisitions), the Company issued a Note Payable
              to
              Cattlefeeding.com, Inc. in the amount of $350,000. Under the Note,
              interest in
              the amount of 5% of outstanding principal is payable on a monthly basis,
              with
              all outstanding principal and interest payable on June 12, 2008.
  
 
  25
 **Note
              5 - Income taxes**
  Until
              December 31, 2004, the Company was structured as a Subchapter S corporation
              under the Internal Revenue Code, with any income or loss passed through
              to
              shareholders for tax purposes. Beginning January 1, 2005, the Company
              converted
              to a Subchapter C and began to be subject to income taxation under
              the Code.
   Deferred
              tax assets and liabilities have been determined based upon the differences
              between the financial statement amounts and the tax bases of assets
              and
              liabilities as measured by enacted tax rates expected to be in effect
              when these
              differences are expected to reverse. In assessing the reliability of
              deferred
              tax assets, management considers whether it is more likely than not
              that some
              portion or all of the deferred tax assets will not be realized. The
              ultimate
              realization of deferred tax assets is dependent upon the realization
              of future
              taxable income during the periods in which those temporary differences
              become
              deductible. Management considers past history, the scheduled reversal
              of taxable
              temporary differences, projected future taxable income, and tax planning
              strategies in making this assessment. As of December 31, 2005 and 2004,
              management believes it is more likely than not that the Company's net
              deferred
              tax asset will not be realized and accordingly has recorded a valuation
              allowance against the deferred tax assets.
  Significant
              components of the Company's deferred income tax assets and liabilities
              are as
              follows:
  Deferred
              income tax asset $ 1,034,800 Valuation allowance $ (1,034,800)
  The
              Company has available as of December 31, 2006 for federal income tax
              purposes,
              unused net operating loss carry forwards of approximately $2,587,014
              which may
              be applied against future taxable income and expire in years beginning
              in 2020.
              Utilization of net operating losses may be limited in the event of
              an ownership
              change under Section 382 of the Internal Revenue Code.
  **Note
              6 - Common Stock**
  As
              of
              December 31, 2006, the Company had 95,000,000 authorized shares of
              $.001 par
              value Common Stock with 18,773,283 shares outstanding, net of 8,250,000
              shares
              held in treasury.
  In
              January 2005, in connection with the conversion of the Company from
              a Subchapter
              S Corporation to a Subchapter C Corporation under the Internal Revenue
              Code and
              conversion of outstanding principal and interest under the Promissory
              Note in
              the principal amount of $75,000 (75% of the total principal amount
              of $100,000),
              the Company issued 16,452,000 shares to its founders and 1,417,050
              shares to the
              holders of the Promissory Note. Concurrently, the holders of the Promissory
              Note
              exercised options to purchase an aggregate of 4,117,950 shares of Common
              Stock
              from the Company for $217,855 cash. Pursuant to the transaction, the
              two former
              holders of the Promissory Note were appointed to the Company's Board
              of
              Directors.
  In
              May
              2005, the Company settled the remaining $25,000 principal amount of
              the
              Promissory Note, including the related interest and the option to purchase
              Common Stock, by paying $50,000 cash and issuing 41,210 shares of Common
              Stock
              to the remaining holder of the Promissory Note.
  In
              May
              2005, the Company issued 1,393,205 shares of Common Stock for cash
              at $0.61 per
              share, which resulted in proceeds of $668,423, net of issuance costs
              of
              $176,777. The offering also included 664,290 shares which were sold
              directly by
              selling shareholders for which the company did not receive any proceeds.
              Additionally, 300,000 shares of Common Stock and warrants to purchase
              60,000
              shares of Common Stock at $0.61 per share expiring in May 2009 were
              issued by
              the Company to the placement agent in connection with the offering.
  In
              October 2005, the Company began a private placement offering to sell
              a minimum
              of 1,200,000 and a maximum of 6,000,000 shares of Common Stock at $0.83
              per
              share with net proceeds to be used for working capital, general corporate
              purposes and repurchase of Common Stock up to 8,250,000 shares from
              certain
              existing, related-party shareholders. Pursuant to this offering, in
              December
              2005, the Company issued 1,665,600 shares of Common Stock for cash
              at $0.83 per
              share, which resulted in proceeds of $1,283,900, net of issuance costs
              of
              $104,100. Additionally, warrants to purchase 237,810 shares of Common
              Stock at
              $0.83 per share expiring in December 2009 were issued to the placement
              agent in
              connection with the offering. The offering continued into January 2006
              and, in
              February 2006, the Company completed the private placement offering
              and issued
              an additional 712,500 shares of Common Stock for cash at $0.83 per
              share, which
              resulted in proceeds of $549,219, net of issuance costs of $44,531.
              Concurrently, the Company purchased 1,050,000 shares at $0.50 per share
              from two
              members of the Company’s Board of Directors and 7,200,000 shares at $0.05 per
              share from the Company’s founders for an aggregate purchase price of $885,000.
              As additional consideration for the purchase of the foregoing shares
              from the
              Company’s founders, the Company granted options to purchase an aggregate of
              6,000,000 shares of Common Stock to the founders. These options vest
              at
              1,500,000 per year over a period beginning January 1, 2007 to January
              1, 2010 at
              exercise prices of $1.67 for the first two million and $2.67 for the
              remaining
              two million. The options expire January 1, 2011. As these options were
              issued in
              connection with a capital transaction and are in nature, similar to
              warrants,
              their implied value ($600,000) as determined by utilizing the Black-Scholes
              options pricing model, has been added to the cost ($885,000) of the
              Treasury
              Stock. The assumptions for the model were identical to those set forth
              in Note
              9.
  In
                December 2006, the Company completed an additional private placement
                and issued
                905,768 shares at an average price per share of $0.63 resulting in
                proceeds of
                $571,460.
   26
  **Note
              7 - Employee stock options**
  On
              March
              12, 2005 the Company's Board of Directors granted 1,687,500 options at $0.61 to
              acquire Common Stock to certain employees and advisors. These stock
              options have
              a term of three years and a vesting period of one year from the date
              the option
              was granted. In February 2006, pursuant to an employment agreement
              with the
              Company’s Chief Financial Officer, the Company granted an aggregate of 1,650,000
              options to purchase Common Stock at exercise prices of $0.83 - $1.17.
              These
              options have a term of three years from their vesting date and vest
              over a
              period beginning at the time of grant and ending in July 2007. In 2006,
              the
              Company adopted an Equity Incentive Plan which reserved 3 million shares
              of the
              Company’s common stock for issuance to employees, officers, directors and
              consultants. No awards were granted under this plan in 2006.
  A
              summary
              of stock option transactions for the years ended December 31, 2006
              and 2005 is
              as follows:
  2006
                    
                    2005Options
                    
                    Weighted
                        Average Exercise Price
                    
                    Options
                    
                    Weighted
                        Average Exercise PriceOutstanding
                        at beginning of year
                    
                    
                    1,462,500
                    
                    $
                    0.61
                    
                    
                    0Granted
                    
                    
                    1,650,000
                    
                    $
                    0.99
                    
                    
                    1,687,500
                    
                    $
                    0.61Exercised
                    
                    
                    0
                    
                    
                    
                    
                    
                    0Cancelled
                    
                    
                    0
                    
                    
                    
                    
                    
                    (225,000
                    )
                    $
                    0.61Outstanding
                        at end of year
                    
                    
                    3,112,500
                    
                    $
                    0.81
                    
                    
                    1,462,500
                    
                    $
                    0.61Exercisable
                        at end of year
                    
                    
                    2,062,500
                    
                    $
                    0.68
                    
                    
                    0
 
 
 As
              of
              December 31, 2006, the outstanding options have a weighted-average
              remaining
              contractual life as follows:
  Options
                    
                    Years1,462,500
                    
                    
                    1.251,650,000
                    
                    
                    2.9
  As
              indicated in Note 6, as additional consideration for the founders allowing
              the
              Company to purchase 7,200,000 shares of their common stock at $0.05,
              the
              founders were granted options to purchase 6,000,000 shares of common
              stock. The
              options vest at 1,500,000 per year over a period beginning January
              1,2007 to
              January 1, 2010 at exercise prices of $1.67 for the first two million
              and $2.67
              for the remaining two million. The options expire January 1, 2011.
              As these
              options were issued in connection with a capital transaction and are
              in nature,
              similar to warrants, their implied value ($600,000) as determined by
              utilizing
              the Black-Scholes options pricing model, has been added to the cost
              of the
              related Treasury Stock. The assumptions for the model were identical
              to those
              set forth in Note 9.
  27
  **Note
                8 - Warrants**
 A
                  summary
                  of the warrants outstanding at December 31, 2006 is as follows:
  Number
                                of Warrants
                            
                            Price
                                per Share
                            
                            ExpirationCattlefeeding.com
                                (See Note 2)
                            
                            
                            225,000
                            
                            $
                            0.61
                            
                            May
                                2008Placement
                                Agent (See Note 6)
                            
                            
                            60,000
                            
                            $
                            0.61
                            
                            May
                                2009Placement
                                Agent (See Note 6)
                            
                            
                            237,810
                            
                            $
                            0.83
                            
                            December
                                2009Pfeiffer
                                High Investor Relations (See Note 12)
                            
                            
                            400,000
                            
                            $
                            0.83
                            
                            October
                                2010922,810
   **Note
              9 - Stock-based compensation**
  The
              Company issues new shares of its common stock to satisfy stock-based
              payments.
              As of December 31, 2006, 3,112,500 shares had been issued pursuant
              to approved
              plans for stock-based compensation.
 
 Adoption
              of FAS 123 (R)
 
 Effective
              January 1, 2006, the Company prospectively adopted FAS 123 (R), Stock-Based
              Payments, and related Securities and Exchange Commission rules included
              in Staff
              Accounting Bulletin No. 107. Under this method, compensation cost recognized
              beginning January 1, 2006 has included costs related to all share-based
              payments
              granted subsequent to December 31, 2005 based on the grant-date fair
              value
              estimated in accordance with the provisions of FAS 123 (R). Compensation
              cost
              for stock options granted to employees is recognized ratably over the
              vesting
              period.
 
 During
              the year ended December 31, 2006, the Company recognized expenses related
              to
              stock-based compensation of $237,410. As of December 31, 2006, total
              unrecognized compensation expense related to unvested stock options
              was $62,532,
              which is expected to be recognized the first six months of 2007.
 
 During
              the year ended December 31, 2006, the Company recognized expenses related
              to
              non-employee stock-based compensation of $116,000.
 
 Prior
              to
              Adoption of FAS 123 (R)
 
 Prior
              to
              January 1, 2006, the Company measured compensation cost for stock-based
              employee
              compensation plans using the intrinsic value method of accounting as
              prescribed
              in Accounting Principles Board Opinion No. 25, Accounting for Stock
              Issued to
              Employees, and related interpretations. For non-employee stock-based
              compensations, the Company recognized expense in accordance with FAS
              123 and
              valued the equity securities based on the fair value of the security
              on the date
              of grant. No stock-based employee compensation cost was reflected in
              net loss,
              as all options granted under those plans had an exercise price equal
              to the
              market value of the underlying common stock on the date of the grant.
              Had the
              Company recognized compensation for its stock options and other awards
              based on
              the fair-value method of accounting for awards under those plans, pro-forma
              net
              income would have been as follows:
 
 Year
                        Ended
                      December
                        31, 2005Net
                        income (loss), as Reported
                    
                    $
                    (1,027,972
                    )Less
                        total stock-based employee compensation
                      determined
                        under fair-value-based method
                    
                    
                    (33,510
                    )Pro
                        forma net income
                    
                    $
                    (1,061,482
                    )
 
 During
              the year ended December 31, 2005, the Company recognized expenses related
              to
              non-employee stock-based compensation of $30,000.
  28
 Valuation
              Assumptions
  The
              Company estimates the fair values of stock options as of the grant
              date using
              the Black-Scholes option-pricing model with the following assumptions:
  Years
                        Ended December 31,2006
                    
                    2005Risk-free
                        interest rate
                    
                    
                    4.7
                    %
                    
                    3.48
                    %Expected
                        life of option grants (years)
                    
                    
                    1.5-2.3
                    %
                    
                    2.0
                    %Expected
                        volatility of underlying stock
                    
                    
                    35.9
                    %
                    
                    0
                    %Expected
                        dividend payment yield
                    
                    
                    0
                    %
                    
                    0
                    %
 
 Dividend
              yield is based on the Company's historical and anticipated policy of
              not paying
              cash dividends. Expected volatility is based on the "calculated value"
              method
              set forth in FAS 123 (R) (based on historical volatilities of appropriate
              industry sector indices) because the Company's stock did not have sufficient
              historic share price data available, as it was not publicly traded
              prior to
              November 15, 2006. The risk-free interest rate is based on the U.S.
              Treasury
              yield curve in effect at the time of grant for periods corresponding
              with the
              expected term of the options. The expected term of options represents
              the period
              of time that options granted are expected to be outstanding giving
              consideration
              to vesting schedules.
  **Note
              10 - Basic and diluted net income (loss) per share**
  Net
              loss
              per share is calculated in accordance with the Statement of Financial
              Accounting
              Standards No. 128 (SOFAS No. 128), "Earnings per Share". Basic net
              loss per
              share is based upon the weighted average number of common shares outstanding.
              Diluted net loss per share is based on the assumption that all dilutive
              convertible shares and stock options were converted or exercised. Dilution
              is
              computed by applying the treasury stock method. Under this method,
              options and
              warrants are assumed to be exercised at the beginning of the period
              (or at the
              time of issuance, if later), and as if funds obtained thereby were
              used to
              purchase Common Stock at the average market price during the period.
              Weighted
              average number of shares used to compute basic and diluted loss per
              share is the
              same in these financial statements since the effect of dilutive securities
              is
              anti-dilutive.
  **Note
              11 - Related party transactions**
  In
              2006
              and 2005, the Company recorded revenue of $3,604 and $8,005, respectively,
              from
              a related party (father of Leann Saunders, a founding shareholder).
              At December
              31, 2006, $101 in accounts receivable was outstanding.
  At
              December 31, 2005, an advance of $1,900 was outstanding from the Company’s Chief
              Executive Officer and Chairman of the Board. The amount was repaid
              in February,
              2006.
  In
              2005,
              the Company paid two members of its Board of Directors (Messrs. Roth
              and Belk)
              total fees of $110,000 pursuant to agreements for business development
              and
              advisory services. Messrs. Roth and Belk did not run for the Board
              of Directors
              in 2006. In 2006, fees for the business development and advisory services
              were
              $8,000 per month. By mutual agreement, these agreements were terminated
              in
              September, 2006. Total fees of $61,000 were expensed in 2006 under
              these
              agreements.
     29
 **Note
              12 - Commitments**
  In
              June
              2006, the Company entered into a building lease for its new headquarters
              in
              Castle Rock, Colorado. The lease is for a period of five years and
              can be
              extended for an additional five years. In addition to the primary rent,
              the
              lease requires additional payments for operating costs. The Company’s building
              lease in Platte City, Missouri was converted from a month-to-month
              basis to a
              one year period and expires January, 2008. The monthly rent is $1,550.
              The
              annual primary lease payments are as follows:
   Year
                    
                    Amount2007
                    
                    $
                    61,1942008
                    
                    
                    46,5922009
                    
                    
                    46,1702010
                    
                    
                    47,3222011
                    
                    
                    23,952$
                    225,230
  The
              Company leases a copier machine which requires a base rent of $189.00
              per month
              or $2,268 annually. The lease expires in September 2009.
  Effective
              October 1, 2006, the Company entered into a six month contract with
              Pfeiffer
              High, an Investor Relations firm, which requires a fee of $4,000 per
              month and
              400,000 warrants at an exercise price of $0.83. Pursuant to FAS123(R),
              Stock
              Based Compensation, a non-cash charge of $116,000 was recorded in the
              fourth
              quarter of 2006. See Note 9 for valuation methodology.
  **Note
              13 - Subsequent events**
  In
              February 2007, the Company completed an additional private placement
              for its
              common stock and issued 555,556 shares at $0.45 resulting in proceeds
              of
              $250,000.
  Effective
              February 2007, the Platte City, Missouri office facility was expanded
              and
              renewed for one year at a base rent of $1,550.
  Effective
              January 2007, the Company hired a Vice President of Sales for an annual
              salary
              of $110,000 and 75,000 stock options at an exercise price of $0.84.
              Previously,
              this position was on a part-time contract basis.
  In
              February 2007, the Company entered into an employment contract for
              a Chief
              Operating Officer for an annual salary of $150,000 and 300,000 stock
              options at
              an exercise price of $0.83. Previously, this position was on a full-time
              contract basis.
   30
 **Note
              14 - Recent accounting pronouncements**
  In
              May
              2005, the FASB issued SFAS No. 154, "Accounting Changes and Error Corrections",
              which replaces APB Opinion No. 20, "Accounting Changes", and SFAS No.
              3,
              "Reporting Accounting Changes in Interim Financial Statements - An
              Amendment of
              APB Opinion No. 28". SFAS No. 154 provides guidance on the accounting
              for and
              reporting of changes in accounting principles and error corrections.
              SFAS No.
              154 requires retrospective application to prior period financial statements
              of
              voluntary changes in accounting principles and changes required by
              new
              accounting standards when the standard does not include specific transition
              provisions, unless it is impracticable to do so. SFAS No. 154 also
              requires
              certain disclosures for restatements due to correction of an error.
              SFAS No. 154
              is effective for accounting changes and corrections of errors made
              in fiscal
              years beginning after December 15, 2005, and are required to be adopted
              by the
              Company as of January 1, 2006. The impact that the adoption of SFAS
              No. 154 will
              have on the Company's results of operations and financial condition
              will depend
              on the nature of future accounting changes adopted by the Company and
              the nature
              of transitional guidance provided in future accounting
              pronouncements.
 
 In
              February 2006, the FASB issued SFAS No. 155, "Accounting for Certain
              Hybrid
              Financial Instruments - an amendment of FASB Statements No. 133 and
              140". This
              Statement permits fair value of re-measurement for any hybrid financial
              instrument that contains an embedded derivative that otherwise would
              require
              bifurcation; clarifies which interest-only strips and principal-only
              strips are
              not subject to the requirements of SFAS No. 133, "Accounting for Derivative
              Instruments and Hedging Activities"; establishes a requirement to evaluate
              interests in securitized financial assets to identify interests that
              are
              freestanding derivatives or that are hybrid financial instruments that
              contain
              an embedded derivative requiring bifurcation; clarifies that concentrations
              of
              credit risk in the form of subordination are not embedded derivatives;
              and
              amended SFAS No. 140, "Accounting for Transfers and Servicing of Financial
              Assets and Extinguishments of Liabilities", to eliminate the prohibition
              on a
              qualifying special-purpose entity from holding a derivative financial
              instrument
              that pertains to a beneficial interest other than another derivative
              financial
              instrument. SFAS No. 155 is effective for all financial instruments
              acquired,
              issued, or subject to a re-measurement (new basis) event occurring
              after the
              beginning of an entity's first fiscal year that begins after September
              15, 2006.
              The Company does not currently have any hybrid financial
              instruments.
 
 In
              March
              2006, the FASB issued SFAS No. 156, "Accounting for Servicing of Financial
              Assets", which amends SFAS No. 140, "Accounting for Transfers and Servicing
              of
              Financial Assets and Extinguishments of Liabilities". In a significant
              change to
              current guidance, SFAS No. 156 permits an entity to choose either of
              the
              following subsequent measurement methods for each class of separately
              recognized
              servicing assets and servicing liabilities: (1) Amortization Method
              or (2) Fair
              Value Measurement Method. SFAS No. 156 is effective as of the beginning
              of an
              entity's first fiscal year that begins after September 15, 2006. This
              pronouncement does not currently apply to the Company.
 
 In
              July
              2006, the FASB issued Interpretation No. 48, "Accounting for Uncertainty
              in
              Income Taxes" ("FIN 48"). FIN 48 clarifies the accounting for uncertainty
              in
              income taxes recognized in an enterprises' financial statements in
              accordance
              with SFAS No. 109, "Accounting for Income Taxes". FIN 48 prescribes
              a
              recognition threshold and measurement attributable for the financial
              statement
              recognition and measurement of a tax position taken or expected to
              be taken in a
              tax return. FIN 48 also provides guidance on derecognizing, classification,
              interest and penalties, accounting in interim periods, disclosures
              and
              transitions. FIN 48 is effective for fiscal years beginning after December
              15,
              2006. The Company does not believe that FIN 48 will have a significant
              impact on
              its financial position and results of operations.
 
 In
              September 2006, the FASB issued SFAS No. 157, "Fair Value Measures"
              ("SFAS No.
              157"). SFAS No157 defines fair value, establishes a framework for measuring
              fair
              value in generally accepted accounting principles ("GAAP"), expands
              disclosures
              about fair value measurements, and applies under other accounting pronouncements
              that require or permit fair value measurements. SFAS No. 157 does not
              require
              any new fair value measurements, however the FASB anticipates that
              for some
              entities, the application of SFAS No. 157 will change current practice.
              SFAS No.
              157 is effective for financial statements issued for fiscal years beginning
              after November 15, 2007, which for the Company would be its fiscal
              year
              beginning January 1, 2008. The implementation of SFAS No. 157 is not
              expected to
              have a material impact on the Company's results of operations and financial
              condition.
 
 In
              September 2006, the Financial Accounting Standards Board ("FASB") issued
              SFAS
              No. 158, "Employers' Accounting for Defined Benefit Pension and Other
              Postretirement Plans - an amendment of FASB Statements No. 87, 88,
              106, and
              132(R)". This statement requires employers to recognize the overfunded
              or
              underfunded status of a defined benefit postretirement plan (other
              than a
              multi-employer plan) as an asset or liability in its statement of financial
              position and to recognize changes in that funded status in the year
              in which the
              changes occur through comprehensive income of a business entity or
              changes in
              unrestricted net assets of a not-for-profit organization. This statement
              also
              requires an employer to measure the funded status of a plan as of the
              date of
              its year-end statement of financial position, with limited exceptions.
              The
              provisions of SFAS No. 158 are effective for employers with publicly
              traded
              equity securities as of the end of the fiscal year ending after December
              15,
              2006. This pronouncement does not currently apply to the Company,
 
 In
              September 2006, the Securities and Exchange Commission ("SEC") issued
              Staff
              Accounting Bulletin No. 108 (Topic 1N), "Quantifying Misstatements
              in Current
              Year Financial Statements" ("SAB No. 108"). SAB No. 108 addresses how
              the effect
              of prior year uncorrected misstatements should be considered when quantifying
              misstatements in current year financial statements. SAB No. 108 requires
              SEC
              registrants (i) to quantify misstatements using a combined approach
              which
              considers both the balance sheet and income statement approaches; (ii)
              to
              evaluate whether either approach results in quantifying an error that
              is
              material in light of relevant quantitative and qualitative factors;
              and (iii) to
              adjust their financial statements if the new combined approach results
              in a
              conclusion that an error is material. SAB No. 108 addresses the mechanics
              of
              correcting misstatements that include effects from prior years. It
              indicates
              that the current year correction of a material error that includes
              prior year
              effects may result in the need to correct prior year financial statements
              even
              if the misstatement in the prior year or years is considered immaterial.
              Any
              prior year financial statements found to be materially misstated in
              years
              subsequent to the issuance of SAB No. 108 would be restated in accordance
              with
              SFAS No. 154, "Accounting Changes and Error Corrections." Because the
              combined
              approach represents a change in practice, the SEC staff will not require
              registrants that followed an acceptable approach in the past to restate
              prior
              years' historical financial statements. Rather, these registrants can
              report the
              cumulative effect of adopting the new approach as an adjustment to
              the current
              year's beginning balance of retained earnings. If the new approach
              is adopted in
              a quarter other than the first quarter, financial statements for prior
              interim
              periods within the year of adoption may need to be restated. SAB No.
              108 is
              effective for fiscal years ending after November 15, 2006.  This
              pronouncement does not currently apply to this Company.
  31
 **Note
              15 - 401(K) Plan**
 
 On
              February 13, 2006, the Company established a 401(K) plan for the benefit
              of the
              Company’s employees. The Plan covers substantially all of the Company’s
              employees who have attained age 21. The Company may make a discretionary
              matching contribution in an amount that will be determined by the Company.
              If a
              matching contribution is made, the amount cannot exceed the elective
              deferral
              contributions. The Company did not make a matching contribution for
              the year
              ended December 31, 2006.
 
 **Note
              16 - Contingencies**
 
 Legal
              proceedings
 
 The
              Company is and may be involved in various unresolved legal actions,
              administrative proceedings and claims in the ordinary course of business.
              Although it is not possible to predict with certainty the outcome of
              these
              unresolved actions, the Company believes these unresolved legal actions
              will not
              have a material effect on its financial position or results of
              operation.
 
     
 32
 
 **ITEM
              8.**  **CHANGES
              IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
              DISCLOSURE**
 
 None
 
 **ITEM
              8A.**  **CONTROLS
              AND PROCEDURES**
 
 Evaluation
              of Disclosure Controls and Procedures
 
 Management
              is responsible for establishing and maintaining adequate internal control
              over
              financial reporting for the company. In furtherance, therefore, we
              carried out
              an evaluation under the supervision and with the participation of our
              management, including our CEO and our CFO, as to the effectiveness,
              design and
              operation of our disclosure controls and procedures, as defined by
              the
              Securities Exchange Act of 1934, as amended. This evaluation considered
              the
              various processes carried out under the direction of our board of directors
              in
              an effort to ensure that information required to be disclosed in the
              SEC reports
              we file or submit under the Exchange Act is accurate, complete and
              timely.
 
 Based
              on
              the results of this evaluation, our CEO and CFO concluded that our
              disclosure
              controls and procedures were effective as of December 31, 2006.
 
 This
              annual report does not include an attestation report of the company’s registered
              public accounting firm regarding internal control over financial reporting.
              Management’s report was not subject to attestation by the company’s registered
              public accounting firm pursuant to temporary rules of the Securities
              and
              Exchange Commission that permit the Company to provide only management’s report
              in this annual report.
 
 Changes
              in Internal Control over Financial Reporting
 
 There
              were no changes in our internal control over financial reporting that
              have
              materially affected or are reasonably likely to materially affect our
              internal
              control over financial reporting during the fourth quarter 2006.
 
 ITEM
              8b.
              OTHER INFORMATION
 
 None
 
 **PART
              III**
 
 **ITEM
              9.**  **DIRECTORS
              AND EXECUTIVE OFFICERS PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH
              SECTION
              16(A) OF THE EXCHANGE ACT**
  Name
                    Age
                    Positions
                        Held
                    Director
                        SinceJohn
                        Saunders
                      
                      Dr.
                        Gary Smith
                    35
                      
                      68
                    President,
                        CEO, & Chairman of the Board
                      Director
                    1998
                      
                      2006Adam
                        Larson
                      John
                        Bellinger
                    38
                      52
                    Director
                      Director
                    2006
                      2006
 
 The
              directors named above will serve until the next annual meeting of our
              stockholders to be held within six (6) months of the close of our fiscal
              year or
              until a successor is elected and qualified. Directors are elected for
              one year
              terms.
 
 
   
 33
 Executive
              Officers
  Our
              executive officers are as follows:
  Name
                    Age
                    Position
                    Officer
                        SinceJohn
                        Saunders*
                    35
                    President,
                        CEO & Chairman  of the Board
                    1998Leann
                        Saunders*
                    36
                    Executive
                        Vice-President of Quality Services
                    2003Mark
                        D. McGregor
                    65
                    Chief
                        Financial Officer
                    2006Cory
                        Weaver
                      Cara
                        Gerken
                    35
                      37
                    Vice-President
                        of Information Services
                      Vice-President
                        of Quality Services
                    1999
                      
                      2005
 
 Our
              officers devote 100% of their time to our development and operation
              and do not
              participate in any other significant business activities.
 
 *
              John
              and Leann Saunders are husband and wife
 
 DIRECTORS
 
 John
              Saunders, President, Chief Executive Officer and Chairman of the
              Board
 
 John
              Saunders founded our company in 1998 and has been its president and
              chief
              executive officer since founding. Prior to establishing our company,
              Mr.
              Saunders was a partner and consultant for Pathfinder Consulting Services,
              Inc.
              in Parker, Colorado. An expert in both technology and the livestock
              industry,
              Mr. Saunders is a graduate of Yale University.
 
 Dr.
              Gary
              Smith
 
 Dr.
              Gary
              Smith is a professor in the Department of Animal Science at Colorado
              State
              University, a position he has held since 1990. Dr. Smith received his
              PhD in
              Meat Science and Muscle Biology from Texas A&M University. Dr. Smith has
              also taught at Washington State University, Texas A&M University and
              FSIS-USDA National Meat Inspection Training Center. Dr. Smith is a
              member of
              multiple professional associations and societies and has received numerous
              academic awards.
 
 John
              Bellinger
 
 John
              W.
              Bellinger is the CEO of Agri-West International, Inc. (AWI), which
              he founded in
              1989. AWI is an international and domestic marketing firm offering
              brokerage and
              consulting services for the food industry and represents U.S. companies
              in
              various international markets along with trading U.S. meats internationally.
              In
              addition, AWI markets meat products in domestic supermarkets.
 
 Mr.
              Bellinger received his Bachelor of Science degree from Texas A&M University
              in 1976. In 1978, he received a Master of Science degree in Animal
              Science.
              Mr.Bellinger is currently Chairman of the U.S. Meat Export
              Federation.
 
 Adam
              Larson
 
 Adam
              Larson has been involved in the cattle feeding and ranching business
              since 1991.
              During that period, he has been a member and manager of eight family
              organizations involved in cattle ranching and cattle feeding and is
              primarily
              involved in cattle financing. Mr. Larson is a graduate of the University
              of
              Colorado.
 
 OFFICERS
 
 John
              Saunders, President, Chief Executive Officer and Chairman of the Board
 (see
              biographic information under Directors)
   34
 Leann
              Saunders, Executive Vice President of Quality Services
 
 Leann
              Saunders joined IMI in 2003 and is responsible for managing the product
              development, implementation and delivery of the USVerified product
              line. Prior
              to 2003, Mrs. Saunders worked for PM Beef Holdings, an integrated beef
              company,
              and developed a supply system for PM's Ranch to Retail product line
              and managed
              PM's USDA Process Verified program. She then served as the company's
              Vice
              President of Marketing and Communications. Prior to joining PM in 1996,
              Mrs.
              Saunders worked for McDonald's Corporation as a Purchasing Specialist,
              and
              Hudson Foods Corporation.
 
 Mrs.
              Saunders graduated with a BS in Agriculture Business and an MS in
              Beef
 Industry
              Leadership from Colorado State University.
 
 Mark
              D.
              McGregor, Chief Financial Officer
 
 Mark
              McGregor joined us as of February 1, 2006 as our Chief Financial Officer.
              From
              1995 to 2005 when it was acquired by Sun Microsystems, Inc., Mr. McGregor
              was
              Vice President - Corporate Treasurer and Corporate Development for
              Storage
              Technology Corporation. Mr. McGregor holds a B.A. degree in accounting
              from
              Texas A&M University and is a Certified Public Accountant.
 
 Cory
              Weaver, Vice President of Information Technologies
 
 Cory
              Weaver joined us in 1999 and serves as the company's Systems Project
              Leader
              where he is responsible for overseeing our new development projects
              and
              providing technical support to existing clients. Before joining us,
              Mr. Weaver
              worked with SYS-TEC Corporation where he installed and implemented
              inventory
              management systems for the US. Air Force and Navy. A graduate of Heidelberg
              College, he received a BS. degree in Business Administration and is
              a Certified
              Network Engineer.
 
 Cara
              Gerken, Vice President of Quality Services
 
 Cara
              Gerken is responsible for new product research, development and training
              for the
              USVerified development and auditing services. Prior to joining IMI
              in 2005, Mrs.
              Gerken served as a Livestock and Meat Marketing Specialist with the
              U.S.
              Department of Agriculture. Serving in that capacity since 1994, her
              work
              included coordinating Process Verified Programs (PVP) using ISO 9000
              standards
              and developing the Department's PVP administration policy.
 
 Mrs.
              Gerken is a graduate of Kansas State University where she earned a
              Bachelor of
              Science degree in Animal Science, and she received her M.S. in food
              science from
              Oklahoma State University.
 
 Compliance
              with Section 16(a) of the Exchange Act
 
 Because
              the company is a 33 Act reporting company and has not yet made the
              election to
              be a `34 Act reporting company, no reporting is required under Section
              16(a) of
              the Exchange Act.
 
 **ITEM
              10. EXECUTIVE COMPENSATION**
 
 The
              following table sets forth the annual compensation paid by us to our
              five
              highest paid executive officers for services to us in all capacities
              during
              calendar years 2004, 2005 and 2006.
 
 Annual
                        CompensationName
                        & Position
                    
                    Year
                    
                    Salary
                    
                    Bonus
                    
                    Other
                        Annual Compensation (1)
                    
                    Long
                        Term Compensation Restricted Stock AwardsJohn
                        Saunders
                    
                    
                    2006
                    
                    $
                    90,000
                    
                    $
                    12,000(2
                    )
                    $
                    4,6922005
                    
                    
                    105,397
                    
                    
                    12,000(2
                    )
                    
                    8,3482004
                    
                    
                    -
                    
                    
                    120,686(3
                    )
                    
                    9,311Leann
                        Saunders
                    
                    
                    2006
                    
                    $
                    90,000
                    
                    
                    -
                    
                    $
                    3,1602005
                    
                    
                    56,250
                    
                    
                    -
                    
                    
                    2,6022004
                    
                    
                    9,000
                    
                    
                    120,686(3
                    )
                    
                    2,569Cara
                        Gerken
                    
                    
                    2006
                    
                    $
                    84,152
                    
                    
                    
                    
                    $
                    8,5782005(4)
                    
                    
                    75,166
                    
                    
                    -
                    
                    
                    8,200Cory
                        Weaver
                    
                    
                    2006
                      2005
                    
                    $
                    80,000
                      74,466
                    
                    
                    -
                      -
                    
                    $
                    2,015
                      2,039
                    
                    
                    712,500
                      options2004
                    
                    
                    61,250
                    
                    
                    -
                    
                    
                    1,759Mark
                      McGregor
                    
                    
                    2006
                      (5
                    )
                    $
                    77,916
                    
                    
                    -
                    
                    
                    -
 
   35
 (1)
              Health insurance
 (2)
              Automobile allowance
 (3)
              Subchapter S Corporation distribution total for John and Leann Saunders
              was
              $120,686
 (4)
              Employment began on February 1, 2005
 (5)
              Employment began on February 1, 2006
 
 **ITEM
              11.**  **SECURITY
              OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS
              MATTERS**
 
 As
              of
              March 1, 2007, 19,328, 839 shares of our common stock, $0.001 par value,
              were
              outstanding. The following tabulates holdings of our common shares
              by each
              person who, as of March 1, 2007 , (a) holds of record or is known by
              us to own
              beneficially more than 5.0% of our common shares and, in addition,
              (b) by all of
              our directors and officers individually and as a group. To the best
              of our
              knowledge, each named beneficial owner who has sole voting and investment
              power
              with respect to the shares set forth opposite his name.
 
 **Name
                        and Address (2)**
                    
                    **Number
                        of Shares (1)**
                    
                    **Percentage**John
                        and Leann Saunders (3)
                    
                    7,977,143
                    
                    41.27%Cory
                        Weaver
                    
                    
                    50,000
                    
                    
                    (4
                    )Cara
                        Gerken
                    
                    
                    50,000
                    
                    
                    (4
                    )Mark
                        McGregor
                    
                    
                    -Dr.
                        Gary Smith
                      Adam
                        Larson
                    
                    
                    50,000
                      60,000
                    
                    
                    (4
                      (4
                    )
                      )John
                        Bellinger
                    
                    
                    -Jay
                        Belk
                    
                    
                    1,482,889
                    
                    
                    7.67
                    %Michael
                        D. Smith
                    
                    
                    1,055,556
                    
                    
                    5.45
                    %All
                        officers & directors as a group
                    
                    
                    10,725,588
                    
                    
                    55.49
                    %(9
                        persons)
 
 (1)
              This
              table is based upon information obtained from our stock records. Unless
              otherwise indicated in the footnotes to the above table and subject
              to community
              property laws where applicable, we believe that each stockholder named
              in the
              above table has sole or shared voting and investment power with respect
              to the
              shares indicated as beneficially owned.
 (2)
              The
              address for all persons is 221 Wilcox, Suite A, Castle Rock, CO
              80104
 (3)
              John
              and Leann Saunders are husband and wife and own the shares as joint
              tenants.
 (4)
              Less
              than 1%
 
 Change
              of
              Control
 There
              are
              currently no arrangements that would result in a change of control
              of the
              company.
 
 Stock
              options
 
 The
              following table indicates the total number of stock options we granted
              to each
              named executive officers during calendar year 2005.
 
 Options
              Granted During Calendar Year 2005 Individual Grants
 
 **Name**
                    **Number
                        of Securities Underlying Options Granted**
                    **Percent
                        of Total Options Granted Employees in 2005**
                    **Exercise**
                      **Price**
                      **($/Share)**
                    **Expiration
                        Date**Cory
                        Weaver
                    712,500
                    42%
                    $
                        0.61
                    3-4-08Cara
                        Gerken
                    75,000
                    4%
                    $
                        0.61
                    3-4-08787,500
 
   36
 In
              February 2006, pursuant to an employment agreement with the company’s Chief
              Financial Officer, the company granted an aggregate of 1,650,000 options
              to
              purchase common stock at exercise prices of $0.83 for 900,000 shares and $1.17
              for the remaining 750,000 shares. The options have a term of three
              years from
              their vesting date and vest over a period beginning at the time of
              grant and
              ending in July 2007.
 
 In
              2006,
              the Company adopted an Equity Incentive Plan which reserved 3 million
              shares of
              the Company’s common stock for issuance to employees, officers, directors and
              consultants. No awards were granted under this plan in 2006.
 
 The
              6
              million stock options granted in January 2006 to John and Leann Saunders
              as
              additional consideration for allowing the company to purchase 7.2 million
              shares
              from them are not included in the tables here-in as (1) they are not
              in the
              nature of stock options normally granted employees but were issued
              as part of a
              capital transaction and (2) all options are well out of the money.
 
 The
              following table indicates the total number of exercised, unexercised
              and vested
              stock options held by each named executive officer as of the close
              of business
              on December 31, 2006, and the value of those options. No named executive
              officer
              exercised stock options during calendar year 2006 or 2005.
 
 Individual
                        Grants/Options Exercised in calendar year 2006 and Option
                        Values as of
                        December 31,2006Number
                        of securities Underlying Unexercised Options at
                        12/31/2006Name
                    
                    Aggregated
                        Shares Acquired on Exercise No.
                    
                    Value
                        RealizedExcercised
                    
                    Unexercised
                    
                    
                    VestedCory
                        Weaver
                    
                    0
                    
                    
                    0
                    
                    
                    0
                    
                    
                    712,500
                    
                    
                    712,500Cara
                        Gerken
                    
                    0
                    
                    
                    0
                    
                    
                    0
                    
                    
                    50,000
                    
                    
                    50,000Mark
                        McGregor
                    
                    0
                    
                    
                    0
                    
                    
                    0
                    
                    
                    1,650,000
                    
                    
                    600,0000
                    
                    
                    0
                    
                    
                    0
                    
                    
                    2,412,500
                    
                    
                    1,362,500
 
 Board
              Structure
 
 The
              board
              of directors held three meetings during calendar year 2006. At the
              present time,
              we have no nominating, executive or compensation committees. The independent
              outside Directors function as the Audit Committee and John W. Bellinger
              acts as
              a financial expert.
 
 Director
              Compensation
 
 We
              presently compensate all directors by paying them $500 per meeting
              attending in
              person and $200 per telephonic meeting in excess of fifteen minutes.
              The same
              compensation applies for any committee meetings attended. In addition,
              directors
              are reimbursed for all company travel related expenses.
 
 **ITEM
              12.**  **CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
              INDEPENDENCE**
 
 John
              Saunders, our President, CEO and Chairman of the Board, is married
              to Leann
              Saunders, our Executive Vice-President of Quality Control.
  In
              2006
              and 2005, the Company recorded revenue of $3,604 and $8,005, respectively,
              from
              a related party (father of Leann Saunders, a founding shareholder).
              At December
              31, 2006, $101 in accounts receivable was outstanding.
   At
              December 31, 2005, an advance of $1,900 was outstanding from the Company’s Chief
              Executive Officer and Chairman of the Board. The amount was repaid
              in February,
              2006.
  In
              2005,
              the Company paid two members of its Board of Directors (Messrs. Roth
              and Belk)
              total fees of $110,000 pursuant to agreements for business development
              and
              advisory services. Messrs. Roth and Belk did not run for the Board
              of Directors
              in 2006. In 2006, fees for the business development and advisory services
              were
              $8,000 per month. By mutual agreement, these agreements were terminated
              in
              September, 2006. Total fees of $61,000 were expensed in 2006 under
              these
              agreements.
  
 The
              following persons are considered independent directors:
 
 John
              Bellinger
 Adam
              Larson
 Dr.
              Gary
              Smith
 
 The
              sole
              director who is not independent is Mr. John Saunders, who is also the
              President,
              CEO and Chairman of the Board of the company.
 
 Since
              the
              company has not designated an audit committee, the three independent
              directors
              constitute the audit committee.
 
   37
 **ITEM
              13.**  **EXHIBITS**
 
 **(a)** Exhibits
 
 **** Exhibit
 Number
              Description of Exhibit
 ----------
              -------------------------
 
 31.1  Section
              302 Certification of CEO
 
 31.2  Section
              302 Certification of CFO
 
 32.1  Section
              906 Certification of CEO
 
 32.2
              Section 906
              Certification of CFO
  10.1
              Rob Streight
              Employment Agreement
  **ITEM
              14.**  **PRINCIPAL
              ACCOUNTANTS FEES AND SERVICES**
 
 **Fees
              Paid to Independent Public Accountants**
 
 The
              following table presents fees for professional audit services rendered
              by E.
              Randall Gruber, CPA PC for the audit of the Company’s annual financial
              statements for the years ended December 31, 2005 and December 31, 2006
              and fees billed for other services rendered by E. Randall Gruber, CPA
              PC. during
              those periods.
 
 **2006**
                    
                    **2005**Audit
                        fees(1)
                    
                    $
                    24,500
                    
                    $
                    19,200Audit
                        related fees(2)
                    
                    
                    7,000
                    
                    
                    0Tax
                        fees
                    
                    
                    0
                    
                    
                    0Total
                    
                    $
                    31,500
                    
                    $
                    19,200
 
 (1)
                    Audit
                        Fees consist of fees billed for professional services rendered
                        for the
                        audit of the Company’s consolidated annual financial statements and review
                        of the interim consolidated financial statements included
                        in quarterly
                        reports and services that are normally provided by E. Randall
                        Gruber, CPA
                        PC in connection with statutory and regulatory filings or
                        engagements.
 
 (2)
                    Audit-Related
                        Fees consist of fees billed for assurance and other services
                        not
                        explicitly related to the performance of the audit or review
                        of the
                        Company’s consolidated financial statements and are not reported
                        under
                        “Audit Fees.” This category includes fees related to the Company’s
                        registration statements, review of proxy statements and accounting
                        research.
   
 38
 **SIGNATURES**
 
 In
              accordance with Section 13 or 15(d) of the Exchange Act, the registrant
              caused
              this report to be signed on its behalf by the undersigned, thereunto
              duly
              authorized.
   INTEGRATED
                        MANAGEMENT INFORMATION, INC.Date: March
                        21, 2007
                    By:
                    /s/ John
                        K. SaundersChief
                        Executive Officer
 
  In
              accordance with the Exchange Act, this report has been signed below
              by the
              following persons on behalf of the registrant and in the capacities
              and on the
              dates indicated.
    Signatures
                    Title
                    Date/s/
                        John K. Saunders
                      John
                        K. Saunders
                    Chairman,
                        President & CEO
                    March
                        21, 2007/s/
                        John Bellinger
                      John
                        Bellinger
                    Director
                    March
                        21, 2007/s/
                        Adam Larson
                      Adam
                        Larson
                    Director
                    March
                        21, 2007/s/
                        Dr. Gary Smith
                      Dr.
                        Gary Smith
                    Director
                    March
                        21, 2007
  
  
 
 
 
  
 39
 **CERTIFICATIONS**
 **EXHIBIT
              31.1**
 **Certification
              by John Saunders**
 **Pursuant
              to Securities Exchange Act Rule 13a-14(a)**
 
 I,
              John Saunders, certify that:
 
 1.  I
              have
              reviewed this annual report on Form 10-KSB of Integrated Management
              Information,
              Inc.
 
 2.
              Based
              on my knowledge, this report does not contain any untrue statement
              of a material
              fact or omit to state a material fact necessary to make the statements
              made, in
              light of the circumstances under which such statements were made, not
              misleading
              with respect to the period covered by this report;
 
 3.  Based
              on
              my knowledge, the financial statements, and other financial information
              included
              in this report, fairly present in all material respects the financial
              condition,
              results of operations and cash flows of the registrant as of, and for,
              the
              periods presented in this report;
 
 4.  The
              registrant’s other certifying officers and I are responsible for establishing
              and maintaining disclosure controls and procedures (as defined in Exchange
              Act
              Rules 13a-15(e) and 15d-15(e)) and internal control over financial
              reporting (as
              defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant
              and
              have:
 
 (a)
                    Designed
                        such disclosure controls and procedures, or caused such disclosure
                        controls and procedures to be designed under our supervision,
                        to ensure
                        that material information relating to the registrant, including
                        its
                        consolidated subsidiaries, is made known to us by others
                        within those
                        entities, particularly during the period in which this report
                        is being
                        prepared;
 
 (b)
                    Designed
                        such internal control over financial reporting, or caused
                        such internal
                        control over financial reporting to be designed under our
                        supervision, to
                        provide reasonable assurance regarding the reliability of
                        financial
                        reporting and the preparation of financial statements for
                        external
                        purposes in accordance with generally accepted accounting
                        principles;
 
 (c)
                    Evaluated
                        the effectiveness of the registrant’s disclosure controls and procedures
                        and presented in this report our conclusions about the effectiveness
                        of
                        the disclosure controls and procedures, as of the end of
                        the period
                        covered by this report based on such evaluation; and
 
 (d)
                    Disclosed
                        in this report any change in the registrant’s internal control over
                        financial reporting that occurred during the registrant’s most recent
                        fiscal quarter (the registrant’s fourth fiscal quarter in the case of an
                        annual report) that has materially affected, or is reasonably
                        likely to
                        materially affect, the registrant’s internal control over financial
                        reporting; and
 
 5.  The
              registrant’s other certifying officers and I have disclosed, based on our most
              recent evaluation of internal control over financial reporting, to
              the
              registrant’s auditors and the audit committee of the registrant’s board of
              directors (or persons performing the equivalent functions):
 
 (a)
                    All
                        significant deficiencies and material weaknesses in the design
                        or
                        operation of internal control over financial reporting which
                        are
                        reasonably likely to adversely affect the registrant’s ability to record,
                        process, summarize and report financial information; and
 
 (b)
                    Any
                        fraud, whether or not material, that involves management
                        or other
                        employees who have a significant role in the registrant’s internal control
                        over financial reporting.
 
 Date:
              March 21, 2007
 /s/
              John
              Saunders
 
 John
              Saunders
 Chief
              Executive Officer
 
 
  
 40
 **EXHIBIT
              31.2**
 **Certification
              by Mark McGregor**
 **Pursuant
              to Securities Exchange Act Rule 13a-14(a)**
 
 I,
              Mark
              McGregor, certify that:
 
 1.  I
              have
              reviewed this annual report on Form 10-KSB of Integrated Management
              Information,
              Inc.
 
 2.  Based
              on
              my knowledge, this report does not contain any untrue statement of
              a material
              fact or omit to state a material fact necessary to make the statements
              made, in
              light of the circumstances under which such statements were made, not
              misleading
              with respect to the period covered by this report;
 
 3.  Based
              on
              my knowledge, the financial statements, and other financial information
              included
              in this report, fairly present in all material respects the financial
              condition,
              results of operations and cash flows of the registrant as of, and for,
              the
              periods presented in this report;
 
 4.  The
              registrant’s other certifying officers and I are responsible for establishing
              and maintaining disclosure controls and procedures (as defined in Exchange
              Act
              Rules 13a-15(e) and 15d-15(e)) and internal control over financial
              reporting (as
              defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant
              and
              have:
 
 (a)
                    Designed
                        such disclosure controls and procedures, or caused such disclosure
                        controls and procedures to be designed under our supervision,
                        to ensure
                        that material information relating to the registrant, including
                        its
                        consolidated subsidiaries, is made known to us by others
                        within those
                        entities, particularly during the period in which this report
                        is being
                        prepared;
 
 (b)
                    Designed
                        such internal control over financial reporting, or caused
                        such internal
                        control over financial reporting to be designed under our
                        supervision, to
                        provide reasonable assurance regarding the reliability of
                        financial
                        reporting and the preparation of financial statements for
                        external
                        purposes in accordance with generally accepted accounting
                        principles;
 
 (c)
                    Evaluated
                        the effectiveness of the registrant’s disclosure controls and procedures
                        and presented in this report our conclusions about the effectiveness
                        of
                        the disclosure controls and procedures, as of the end of
                        the period
                        covered by this report based on such evaluation; and
 
 (d)
                    Disclosed
                        in this report any change in the registrant’s internal control over
                        financial reporting that occurred during the registrant’s most recent
                        fiscal quarter (the registrant’s fourth fiscal quarter in the case of an
                        annual report) that has materially affected, or is reasonably
                        likely to
                        materially affect, the registrant’s internal control over financial
                        reporting; and
 
 5.  The
              registrant’s other certifying officers and I have disclosed, based on our most
              recent evaluation of internal control over financial reporting, to
              the
              registrant’s auditors and the audit committee of the registrant’s board of
              directors (or persons performing the equivalent functions):
 
 (a)
                    All
                        significant deficiencies and material weaknesses in the design
                        or
                        operation of internal control over financial reporting which
                        are
                        reasonably likely to adversely affect the registrant’s ability to record,
                        process, summarize and report financial information; and
 
 (b)
                    Any
                        fraud, whether or not material, that involves management
                        or other
                        employees who have a significant role in the registrant’s internal control
                        over financial reporting.
 
 Date:
              March 21, 2007
  
 /s/
              Mark
              McGregor
 
 Mark
              McGregor
 Chief
              Financial Officer
 
 
   41
 
 **EXHIBIT
              32.1**
 **Certification
              of Periodic Financial Report**
 **Pursuant
              to 18 U.S.C. Section 1350**
  For
              purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section
              906 of the
              Sarbanes-Oxley Act of 2002, the undersigned, John Saunders the chief
              executive
              officer of Integrated Management Information, Inc. (the “Company”), hereby
              certifies that, to his knowledge:
  (i)
                    the
                        Annual Report on Form 10-KSB of the Company for the years
                        ended December
                        31, 2005 and 2006, as filed with the Securities and Exchange
                        Commission on
                        the date hereof (the “Report”) fully complies with the requirements of
                        section 13(a) or 15(d) of the Securities Exchange Act of
                        1934; and
  (ii)
                    the
                        information contained in the Report fairly presents, in all
                        material
                        respects, the financial condition and results of operations
                        of the
                        Company.
  Date:
              March 21, 2007
 /s/
              John
              Saunders
 John
              Saunders
 Chief
              Executive Officer
    42
 **EXHIBIT
              32.2**
 **Certification
              of Periodic Financial Report**
 **Pursuant
              to 18 U.S.C. Section 1350**
  For
              purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section
              906 of the
              Sarbanes-Oxley Act of 2002, the undersigned, Mark McGregor, the chief
              executive
              officer of Integrated Management Information, Inc. (the “Company”), hereby
              certifies that, to his knowledge:
  (i)
                    the
                        Annual Report on Form 10-KSB of the Company for the years
                        ended December
                        31, 2005 and 2006, as filed with the Securities and Exchange
                        Commission on
                        the date hereof (the “Report”) fully complies with the requirements of
                        section 13(a) or 15(d) of the Securities Exchange Act of
                        1934; and
  (ii)
                    the
                        information contained in the Report fairly presents, in all
                        material
                        respects, the financial condition and results of operations
                        of the
                        Company.
  Date:
              March 21, 2007
 /s/
              Mark
              McGregor
 Mark
              McGregor
 Chief
              Financial Officer
 43