UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549___________________FORM 10-KSB___________________________ ýANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended June 30, 2007  ̈TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  Commission file number0-52493  VERACITY
MANAGEMENT GLOBAL, INC.(Exact Name Of Registrant
As Specified In Its Charter) Delaware
    43-1889792(State of Incorporation)
    (I.R.S. Employer
    Identification No.)2655 LeJeune
    Road, Suite 311, Coral Gables, FL
    33134(Address of Principal Executive Offices)
    (ZIP Code) Registrant's
Telephone Number, Including Area Code: (786) 777-0808 Securities
Registered Pursuant to Section 12(g) of The Act: Common Stock, $0.001 Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by Section 13
or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. YesxNo ̈ Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes xNo  ̈ Indicate by check
mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not
contained herein, and will not be contained, to the best of the registrant's knowledge, in
the definitive proxy or information statements incorporated by reference in Part III of
this Form 10-KSB or any amendment to this Form 10-KSB.x On September 24,
2007, the aggregate market value of the 3,426,490 common stock held by non-affiliates of
the Registrant was approximately $1,130,741. On September 24, 2007, the Registrant had
33,181,543 shares of common stock outstanding. Indicate by check
    mark whether the registrant is a large accelerated filer, an accelerated filer, or a
    non-accelerated filer.Large
    accelerated filer  ̈
    Accelerated filer  ̈
    Non-accelerated
    filerx




TABLE OF CONTENTS

Item
    
    Description
    Page**PART I**ITEM 1.
    
    DESCRIPTION
    OF BUSINESS
    
    3ITEM 2.
    
    DESCRIPTION
    OF PROPERTY
    
    9ITEM 3.
    
    LEGAL
    PROCEEDINGS
    
    9ITEM 4.
    
    SUBMISSION
    OF MATTERS TO A VOTE OF SECURITY HOLDERS
    
    9**PART II**ITEM 5.
    
    MARKET
    FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
    
    10ITEM 6.
    
    MANAGEMENT'S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATION
    
    11ITEM 7.
    
    FINANCIAL
    STATEMENTS
    
    14ITEM 8.
    
    CHANGES
    IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
    
    15ITEM 8.A
    
    CONTROLS
    AND PROCEDURES
    
    15ITEM 8.B
    
    OTHER
    INFORMATION
    
    15**PART III**ITEM 9.
    
    DIRECTORS
    AND EXECUTIVE OFFICERS OF THE REGISTRANT, COMPLIANCE WITH SECTION 16(A)
    
    15ITEM 10.
    
    EXECUTIVE
    COMPENSATION
    
    18ITEM 11.
    
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
    
    19ITEM 12.
    
    CERTAIN
    RELATIONSHIPS AND RELATED TRANSACTIONS
    
    19ITEM 13.
    
    EXHIBITS
    AND REPORTS ON FORM 8-K
    
    20ITEM 14.
    
    PRINCIPAL
    ACCOUNTING FEES AND SERVICES
    
    20




**Forward-Looking Statements and Associated
Risks**

The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. Some of the statements
contained in this annual report of Veracity Management Global, Inc. (hereinafter the
"Company", "We" or the "Registrant") discuss future
expectations, contain projections of our operations or financial condition or state other
forward-looking information. Some statements contained in this annual report on Form
10-KSB that are not historical facts (including without limitation statements to the
effect that we "believe," "expect," "anticipate,"
"plan," "intend," "foresee," or other similar expressions)
and are forward-looking statements. These forward-looking statements are based on our
current expectations and beliefs concerning future developments and their potential
effects on us. There can be no assurance that future developments affecting us will be
those anticipated by us. All comments concerning our expectations for future revenue and
operating results are based on our forecasts of our plan of operation and do not include
the potential impact of any future acquisitions or operations. These forward-looking
statements involve significant risks and uncertainties (some of which are beyond our
control) and assumptions. Should one or more of these risks or uncertainties materialize,
or should any of our assumptions prove incorrect, actual results may vary in material
respects from those projected in the forward-looking statements. For a more detailed
discussion of the foregoing risks and uncertainties, see "Risk Factors". PART I ITEM 1. DESCRIPTION OF BUSINESSBack to
Table of Contents **Background of the Registrant** The Registrant was incorporated in the State
of Delaware on April 7, 2000 under the name Intertech Corporation and is publicly traded
on the NASDAQ OTCBB under the symbol VCMG. On July 28, 2001, the Registrant acquired
Wholesale Merchandisers, Inc. through a share exchange agreement and Wholesale
Merchandisers, Inc. became a wholly-owned subsidiary of the Registrant. Wholesale
Merchandisers' primary asset was a technology called "Load Toter technology",
which is a vehicle balancing bar that automatically balances as weight is applied to a
vehicle. The Registrant's wholly-owned subsidiary ceased operations in May 2002. In
connection with discontinuing its former business operations the Registrant changed its
name from Intertech Corporation to Kirshner International Inc. During the period from May
2002 until the Registrant's acquisition of its operating subsidiaries, Veracity Management
Group, a Florida corporation ("VMG") and Secured Financial Data Inc., a Florida
corporation ("SFD") effective on July 1, 2006, the Registrant had only limited
business operations. In January 2005 the Registrant announced its intention to
develop an Internet-based broadcast channel and in June 2005 the Registrant entered into a
licensing and advertising agreement with Yadio, Inc., an Internet technology and marketing
firm, to operate the Registrant's Internet broadcast website. The Registrant's objective
was  to generate revenues from its broadcast channel. However, the Registrant was not
successful in raising funding necessary for this project and failed to generate any
revenues. It ceased its Internet broadcast business activities in the third quarter of
2005. As a result, the financial statements of the Registrant for the years ended June 30,
2007 and 2006 are not comparable. Acquisition of Veracity Management Global Inc.and
Secured Financial Data Inc. OnJuly 1, 2006, the
Registrant entered into share exchange agreements with Secured Financial Data Inc.
("SFD"), a Florida corporation and Veracity Management Group ("VMG"),
a Florida corporation, which resulted in SFD and VMG becoming wholly-owned subsidiaries of
the Registrant. The Registrant issued 19,047,685 restricted shares of common stock to the
shareholders of SFD and 3,535,353 restricted shares of common stock to the shareholder of
VMG in exchange of 100% of the issued and outstanding shares of SFD and VMG. In connection
with these acquisitions in September 2006, the Registrant changed its name to Veracity
Management Global, Inc and issued 11,985,413 shares for management and consulting services
valued at their fair value of $1,345,904. Our Business Consulting Operations The Registrant is a consulting and professional services company
specialized in technology transformation, business continuity and disaster recovery
planning processes and procedures. The Registrant assists corporations and organizations
with the design, development and implementation of business solutions. These
solutions varying from requirements based legislative regulation, such as; The Sarbanes
Oxley (SOX) Act, Gramm-Leach Bliley Act (GLBA), and Health Insurance Portability and
Accountability Act (HIPAA). Additionally our consulting services encompass solutions that
meet our clients strategic business needs, including organizational transformation,
change management, outsourcing, software development, integration, product identification,
gap analysis, configuration and installation of its related supporting infrastructure. Regulatory and Compliance Consulting Services We provide consulting services to private and publicly traded companies.
We work with our clients in the United States to help them meet their regulatory and
governance requirements. Our firm specializes in the transformation and alignment of business
process automation and its supporting service business units. We assist our clients
in standardizing their general computer based control processes through the implementation
of appropriate monitoring mechanisms into everyday IT activities. We use industry
recognized best practices like COBIT, COSO, ITIL, PMI and Balance Scorecard. The use of
these best practices not only insures an organizations compliance and best in
class operations, but provides the framework for subsequent outsourcing of
non-strategic services. In addition, we help our client establish an effective sustained
compliance program through the automation of controls and their documentation repository.
Using our expertise, we have successfully completed numerous Sarbanes-Oxley projects for
customers in diverse industries. Having worked with many accounting firms responsible
for SOX audits, we can provide tailored methodologies that meet business in specific
vertical's such as Financial Services Institutions, Healthcare, and Manufacturing and
Distribution. Our regulatory compliance services focus on primary areas, including
project management, infrastructure implementation and documentation and testing support.
We customize the scope of our services based on our client's needs. To help with companies or organizations initiative to meet regulatory
requirements, we perform a gap analysis by performing a trial audit of the clients
existing controls and document the findings. We coordinate with internal and external
auditors to ensure all open or hidden issues are properly identified and accounted
for. Using our approved findings, we leverage industry best practice operational
models and methods to fill any gaps and revise all existing business
documentation.. We then use the newly developed operational model and execution plan
to remediate the clients existing environment identifying each relevant key controls as a
testing point. Finally, we liaison with internal and external auditors as needed. Our SOX Compliance Process At the beginning of each compliance project, we meet with our client to
define primary goals and objectives as well as additional opportunities that may present
additional business benefits. Based on our findings, we will create a phased plan for
implementing a compliance and process improvement program in collaboration with all key
members in our client's organization. We meet with our clients independent auditors at several points
throughout the process to ensure their acceptance of the evaluation criteria and
documentation necessary for certification of managements assertions of internal
controls. We guide our clients through the entire implementation process, including
remediation of deficient IT controls. Beyond the primary goal of compliance, there are many opportunities for
enhancing an IT environment. We provide suggestions on how to design a control structure
to achieve the optimal segregation of duties within your IT organization. We review their
internal workflow and help identify improvement opportunities providing increased
efficiency and cost savings. Our SOX Three-Phased Approach Executing a project in phases allows us to define clear milestones and
checkpoints for consistent and effective progress. Following is a general outline for
achieving compliance and process improvement: Phase 1  Planning and scoping Confirm objectives, scope, success criteria and team members Execute pilot  full documentation and testing for one business
    stream
  Confirm pilot results with auditor and finalize plans to move forward Phase 2  Process documentation, evaluation and improvement Document all current processes, procedures and control points
  Identify potential process improvements and implement where appropriate
  Identify control test plans and metrics and establish monitoring
    procedure Phase 3  Control testing and remediation Execute tests of control points, document test results and identify
    inconsistencies with expected results
  Refine process or control to achieve compliance and update process
    documentation accordingly Many of our clients have achieved initial compliance with SOX
requirements and are now faced with ongoing regulatory demands. These demands can
rise from new legislation, changes to existing legislation and annual review of new
business practices implemented to meet business demands. We provide this ongoing
support, including process changes, system upgrades and/or replacements. Quarterly testing: We can define the scope of testing with your external
auditors and execute quarterly tests, including any required process remediation. Process improvement: We can work with our clients to make process and
procedure improvements aimed at improving efficiency and effectiveness. Business Continuity Planning and Disaster Recovery Process As part of our SOX Compliance Services we provide regulatory solutions
such as business continuity planning, disaster recovery processes. Current regulations
have multi-faceted requirements. Our comprehensive approach starts with an initial risk
and impact assessment, to the deployment of remotely monitored and secured redundant
support environments. These services include collocation services and/or outsourcing
services for clients computer server and network equipment. We have
relationships and partnerships with Collocation Data Centers located across the US and
overseas. Our comprehensive assessment process covers all aspects of insuring the
survivability of our clients businesses. The following describes an overview of
our comprehensive solutions; Which business units, operations and processes are absolutely essential
    to the survival of the organization?
  How quickly essential business units or processes have to be back in
    operation before the impacts are catastrophic
  Which recovery alternatives are the most plausible for meeting the
    recovery windows
  Which resources are needed to resume operations at a survival level for
    the essential parts of the business?
  Which elements have to be pre-positioned to meet recovery time windows As organizations change their business as a result of mergers and
growth, their requirements also change. We offer collocation services for our
clients computer and network infrastructure. The process side of our solution is a
critical part of our business continuity and disaster recovery service products and
packages. The data center space is rented or sub-leased by our clients from us for the
purpose of housing clients computer servers and network equipment. Recovery Testing: After the implementation of a clients equipment
into the data center for collocation, we offer our client recovery testing in support of
client audit processes. In this capacity we provide consulting services as follows: Validate that the awareness and communication plans are in place,
    understood and workable
  Validate that the infrastructure is in place to recover by performing
    mock events
  Validate that key processes required.
  Validate logistics are in place to relocate/provide systems access to
    employees We provide SOX Compliance Services that are true alternatives and
compliments to in-house resources, offering a very high level of practical and hands-on
experience, combined with quality of service and confidence. Gramm-Leach-Bliley Act Compliance Consulting Services The Financial Modernization Act of 1999, also known as the
"Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect
consumers personal financial information held by financial institutions. There are
three principal parts to the privacy requirements: the Financial Privacy Rule, Safeguards
Rule and pretexting provisions. The GLB Act gives authority to eight federal agencies and the states to
administer and enforce the Financial Privacy Rule and the Safeguards Rule. These two
regulations apply to "financial institutions," which include not only banks,
securities firms, and insurance companies, but also companies providing many other types
of financial products and services to consumers. Among these services are lending,
brokering or servicing any type of consumer loan, transferring or safeguarding money,
preparing individual tax returns, providing financial advice or credit counseling,
providing residential real estate settlement services, collecting consumer debts and an
array of other activities. Such non-traditional "financial institutions" are
regulated by the Federal Trade Commission ("FTC"). The FTC is one of eight
federal agencies that, along with the states, are responsible for developing a consistent
regulatory framework to administer and enforce the Financial Privacy Rule. The Financial Privacy Rule governs the collection and disclosure of
customers' personal financial information by financial institutions. It also applies to
companies, whether or not they are financial institutions, who receive such information.
The Financial Privacy Rule requires financial institutions to give their customers privacy
notices that explain the financial institutions information collection and sharing
practices. In turn, customers have the right to limit some sharing of their information.
Also, financial institutions and other companies that receive personal financial
information from a financial institution may be limited in their ability to use that
information. The Safeguards Rule requires all financial institutions to design,
implement and maintain safeguards to protect customer information and to develop a written
information security plan that describes how the financial institution is prepared for,
and plans to continue to protect clients nonpublic personal information. The
Safeguards Rule also applies to information of those no longer consumers of the financial
institution. This plan must include: Denoting at least one employee to manage the safeguards,
  Constructing a thorough [risk management] on each department handling the
    nonpublic information,
  Develop, monitor, and test a program to secure the information, and
  Change the safeguards as needed with the changes in how information is
    collected, stored, and used. The Pretexting provisions of the GLB Act protect consumers from
individuals and companies that obtain their personal financial information under false
pretenses, a practice known as "pretexting." Pretexting occurs when someone
tries to gain access to personal nonpublic information without proper authority to do so.
This may entail requesting private information while impersonating the account holder, by
phone, by mail, by email, or even by "phishing" (i.e., using a "phony"
website or email to collect data). The GLB Act has provisions that require the financial
institution to take all precautions necessary to protect and defend the consumer and
associated nonpublic information. Financial Institutions The GLB Act applies to "financial institutions" which is
defined as entities that offer financial products or services to individuals, such as
loans, financial or investment advice, or insurance, among others. The FTC has authority
to enforce the law with respect to "financial institutions" that are not covered
by the federal banking agencies, the Securities and Exchange Commission, the Commodity
Futures Trading Commission, and state insurance authorities. Among the institutions that
fall under FTC jurisdiction for purposes of the GLB Act are non-bank mortgage lenders,
loan brokers, some financial or investment advisers, tax preparers, providers of real
estate settlement services, and debt collectors. At the same time, the FTC's regulation
applies only to companies that are "significantly engaged" in such financial
activities. The law requires that financial institutions protect information
collected about individuals; it does not apply to information collected in business or
commercial activities. GLB Act Compliance Services Identifying and assessing threats to customer information and evaluating
the effectiveness of a financial institutions safeguards is a complex task that
requires in-depth knowledge of security technology and practices, as well as continual
identification of ever-changing security threats and requirements. Our management utilizes
its expertise to conduct comprehensive assessment of its financial institution
customers controls and procedures to safeguard the institutions
customers privacy information. We work with our financial institution
customers GLB Act compliance personnel in connection with the design, development,
installation and implementation of a customized security program that cost-effectively
addresses key gaps in security. Our services include thorough assessment of any vulnerability in our
customers existing network security plans, policies, operations, usage, performance,
and physical security. We assess immediate security concerns to identify any gaps between
the current infrastructure and identified requirements for GLB Act compliance as well as
overall system security and ability of the financial institution to maintain security
compliance based upon projected growth. Such services may include preparing a
comprehensive security policy plan for our customers; optimizing our customers
network performance and reliability and recommending products and services; providing for
protection and monitoring of network solutions; and creating disaster-recovery and
business-continuity plans to ensure continued security of privacy information to satisfy
GLB Act requirements. We recognize that our financial institution customers confront both
internal and external risks. These risks include, but are not limited to: Unauthorized access of their customers privacy information by
    someone other than the owner of the covered data and information;
  Compromised system security as a result of system access by an
    unauthorized person;
  Interception of data during transmission;
  Loss of data integrity;
  Physical loss of data in a disaster;
  Errors introduced into the system;
  Corruption of data or systems;
  Unauthorized access of covered data and information by employees;
  Unauthorized requests for covered data and information;
  Unauthorized access through hardcopy files or reports; and
  Unauthorized transfer of covered data and information through third
    parties. To comply with the GLB Act, we advise our financial institution
customers on their plans and procedures to detect, prevent, and respond to network
attacks, intrusions, and other system failures. As part of our disaster recovery and
business continuity services under the GLB Act, we provide our customers with collocation
facilities and capacity to house our customers backup computer servers and network
equipment on a fully-secure basis. This enables our financial institution customers to
maintain their customers privacy information during periods of disaster recovery ensuring
business continuity with immediate access at all times to the privacy information of their
customers, which privacy information is safeguarded in compliance with the GLB Act. Technology Project Management and Strategic Planning Services Our firm segregates work into tracks to provide customers with greater
visibility into the work and effort being provided. We commonly partner with our
customers by assembling a small team consisting of both Veracity and client
personnel. We find this cross company team approach particularly successful because: Actively involves key stakeholders early in the process
    Lowers overall cost of strategic initiatives
    Promotes knowledge transfer between organizations
    Facilitates the development of consensual recommendations (if and where
      appropriate)
    Expedites the adoption and deployment process for recommendations Our greatest asset is providing our customers with a formal proven
approach to accomplish their strategic goals and objectives. This process aligns the
operational model of the Information Technology department to the enterprise business
strategy. Use industry recognized methods, and processes VMG specializes in the
running, retooling and transforming of Information Technology departments. VMG works from a results oriented solutions provider. Our solutions
are developed from detailed root cause business and operational analysis. Our process
is to develop measurable value based, OperationalandRevenue Based
Strategic(ORBS) solutions. Our ORBS wholly encapsulate all solution
dependencies, thereby reducing assumptions, failures and rework. The ORBS methodology
leverages best practices such as the Project Management Institutes PMIBOK framework
and The Balance Scorecard. Our process identifies the business strategic and tactical objectives
for each initiative and ties these to each business unit across the organization. To
identify individual business unit impact, we interview managers, subject matter experts
and users. This process also builds consensus among key stakeholders. We then perform
current state analysis and gap to best practices.  Using this information we develop
the appropriate solution and document the required catalog of services to support the
business needs. We develop the initial project plan for the solutions implementation
inclusive of methods to insure continuous improvement activities and
metrics. Throughout this process we manage to the clients expectations, by
repeatedly facilitating sessions to revalidate consensus on the objectives, timeframes,
budget and success measures to insure the strategic alignment to business climate is
maintained. Transformation Services Our firm specializes in assisting companies change. These changes
many come about as part of a business climate change, where the methods and practices
previously used are no longer valid. Many times our clients are not sure what is not
working, they just know they are either losing opportunities or have over built their
operations through years of patch work resulting in non-scalable and costly
infrastructure. Other times opportunities come in forms of acquisitions, merger,
etc.. Other times brand new business lines are developed, but all in all change is
occurring at all levels of the organization and the organization is built to conduct the
daily business at hand not retools and reshape themselves. This is where a firm like
Veracity Management Group can provide enormous value. Veracity Management Group has
developed a three step process that involves identification, change modeling and
remediation. Stage 1: Current State Assessment Strategic measures, service and resource inventory Our process begins by identifying and distilling a high-level business
driven strategic plan and quantitative success measures. We then assist in
identifying the operational supporting services required to make such a plan
successful. We start a parallel process to interview individuals, review business
process maps, and inventory all assets, organizational hierarchies and their related
resources. The final product is a comprehensive current state assessment of the
clients current operational model. Stage 2: Future State Definition and Design Best practices models, services catalog definition and resources Using the current state models, VMG will facilitate gap sessions that
explore and test against industry best practices. Our consultants will provide
lessons learned and previous industry experience in similar projects to simulate
discussions challenging traditional organizational and process silos, gaining client
buy-in and identifying client sponsorship roles. We will develop a future state
operational model continually challenging and testing the client tolerance for change,
maturity and formality by developing and instituting regulatory compliant policies and
procedures each tying to individual job descriptions and to a detailed service catalog
that defines the operational model and departmental organizational chart. Stage 3: Transformation and implementation Roadmap 3Ts, Tools, Talent and Tactics, planning and budgeting Our process starts with the implementation of Program Office, whose
charter is to manage the organizational aspect of, leveraging our findings and developing
or enhancing existing change management processes required by the project. Using the
future state design our consultants will develop a milestone based transformation roadmap
to updating the organization. VMG fosters a buy versus build model, limiting custom
development to integration or client unique functionality not available in the
marketplace. Subsequently on the approval and acquisition of these tools we design the new
operational model developing talent refresh programs for the internal staff and updating
all job functions descriptions accordingly. VMG will finally present a scalable
operational model that integrates seamlessly to the enterprise. Our Business Strategy We bring predictability to your business Veracity Management Group is a Full Service Management Consulting
company focused on developing and nurturing a value based annuity relationship business
with our clients. We help organizations manage and make sense of obstacles and challenges
they face in every day business. Our firm specializes in developing, transforming,
establishing and delivering predictable operational models to information technology
organizations. Through the use of industry best practices, strategic partnerships, and
tools we deploy auditable and quantitative metric for business driven continuous
improvement across the enterprise. Our business objective is to become a leading provider in the market of
providing technology transformation services, business continuity and disaster recovery
planning processes and procedures. To pursue our objective, we are focusing on the
following initiatives: Build our business by: obtaining sufficient financing to grow our business;
  developing a strong brand and reputation for business consulting
    services; and
  attracting and retaining clients that are leaders in their respective
    fields.
  through the sale of products that automate client processes or resolve
    client objectives Generate and subsequently diversify our revenue by: establishing our services as the leading solution for business continuity
    and disaster recovery planning processes and procedures;
  increase the size and effectiveness of our marketing and sales methods;
    and expand our customer base
  identifying industry leading products that we can be a vendor and
    representative for at a regional and or national level. The model is similar to that
    of any dealer including product representation, sales, and continual support and upgrade
    throughout the clients ownership of product. Leverage our client relationships by: developing new client relationships through referrals ;
  developing additional services for existing and potential clients; and
  entering into joint ventures for particular markets that may develop for
    our services. **Dependence on Major Customers**

The Registrant has one client that accounted for 45% of its revenues
during its fiscal year ended June 30, 2007 and accounted for 64% of its revenues during
the fiscal year ended June 30, 2006. At present, the Company has 15 customers. The Company is dependent on one major customer, Bank
United FSB, which accounted for approximately 45% of our revenues for the year ended June
30, 2007. Bank United is a regional retail bank in Florida. The Companys business
and financial condition would be materially adversely affected if Bank United ceased to be
a client of the Company or materially reduced the level of services provided by the
Company. Materials and Suppliers To fulfill our contractual obligation, we often rely on
third party equipment manufacturers and subcontractors to complete our projects. We are
not substantially dependent on any individual third party to support our projects;
however, we are subject to possible cost escalations based on inflation and other market
price fluctuations. We purchase equipment directly from manufacturers or
third party resellers. If a manufacturer is unable to deliver the materials according to
the negotiated terms, we may be required to purchase the materials from another source at
a higher price. We may keep certain items in stock at our facilities. We obtain more
specialized equipment from suppliers when required for a contract or project, which could
adversely affect our business. The Company uses computer equipment in connection with
its client consulting services. Patents, Trademarks And Licenses and Other Intellectual Property At present, we have no patents, trademarks, licenses and
other intellectual properties.  Competition The markets in which we operate and provide our
compliance services are highly competitive and, for the most part, require highly skilled
and experienced personnel. A large number of regional, national and international
consulting companies are competing in the markets we serve, and certain of these
competitors have greater financial and other resources. Further, we are a recent entrant
into the market for compliance services, and certain competitors possess substantially
greater experience, market knowledge and customer relationships. In pursuing contracts and projects, we experience
significant competition in the markets we operate in. We believe that we have earned an
excellent reputation. We compete based on our reputation and business relationships
developed over the years. Corporate America and the general public are aware of their
vulnerability to natural and man-made disasters. This is an emerging market and we have
entered this market early. We are in the compliance market where there are many
competitors. We expect to gain a strong hold in this market.  Employees At June 30, 2007, we had****21****full-time employees and none of these employees
were represented by labor unions. We also employ part-time personnel from time to time on
a contract or project-specific basis. We believe current relationships with our employees
are satisfactory. We are not aware of any circumstances that are likely to result in a
work stoppage at any of our projects.  Environmental Laws and Regulations We are subject to environmental laws and regulations,
including those concerning emissions into the air, discharges into waterways, generation,
storage, handling, treatment and disposal of hazardous materials and wastes and health and
safety. The environmental, health and safety laws and
regulations to which we are subject are frequently changing, and it is impossible to
predict the effect of such laws and regulations on us in the future. We believe we are in
substantial compliance with all applicable environmental, health and safety laws and
regulations. To date, our costs with respect to environmental compliance have not been
material, and we have not incurred any material environmental liability. However, we
cannot assure you that we will not incur material environmental costs or liabilities in
the future. For more information on the impact of environment regulation upon our
businesses, see "Risk Factors" below. **RISK FACTORS** You should carefully consider the risks described below before making an
investment in our common stock. All of these risks may impair our business operations. If
any of the following risks actually occurs our business, financial condition or results of
operations could be materially adversely affected. In such case, the trading price of our
common stock could decline, and you may lose all or part of your investment Risk Factors Related to Our Business  We have a history of operating losses, and we may not achieve or
maintain profitability in the futureWe have experienced a net loss of $1,997,139****for the fiscal year
ended June 30, 2007. We do not expect these losses to continue but it is uncertain when,
if ever, we will become profitable. These losses have resulted primarily from non-cash,
stock-based compensation costs incurred as stock issued for compensation, and general and
administrative costs associated with operations. Stock issued for compensation and for
consulting fees has been valued at market price on the effective date of the agreement,
per SEC requirement. Our Independent Auditor has included a paragraph as to their
substantial doubt of our ability to continue as a going concern for the years ended June
30, 2007 and 2006, respectively. We may experience adverse impacts on our results of
operations as a result of adopting new accounting standards or interpretationsOur implementation of and compliance with changes in accounting rules, including new
accounting rules and interpretations, could adversely affect our operating results or
cause unanticipated fluctuations in our operating results in future periods. For example,
we are required by the Sarbanes-Oxley Act of 2002 to file annual reports and quarterly
reports disclosing the effectiveness of our internal controls and procedures starting with
the Companys annual report for the fiscal year ending June 30, 2007.
Managements internal control report under SOX is applicable for fiscal years
beginning after December 15, 2007. Under SOX we will have our first internal control
report in our annual report ending June 30, 2008. Although we believe our internal
controls are operating effectively, and we have committed internal resources to ensure
compliance, we cannot guarantee that we will not have any material weaknesses as reported
by our auditors and such determination could materially adversely affect our business or
significantly increase our costs in order to establish effective controls and procedures. Competition
While we believe that we are competitive and have an established presence in the market we
operate in, we may face significant competition in our efforts to market and sell our
compliance services. Further, we could face competition from our customers, if they
determine to perform and implement their own compliance infrastructure. Many of our
customers are well-established and possess far greater financial, technical, human and
other resources than does the Company. We will compete against many companies in
fragmented, highly competitive markets and we have fewer resources than some of those
companies.Our business competes principally on the basis of the following factors: service
quality, service fees and specifications; customized design and technical qualifications
of compliance procedure and infrastructure; and reputation, technical expertise and
reliable service. Competitive pressures, including those described above, and other
factors could cause us additional difficulties in acquiring and maintaining customers or
could result in decreases in the fees we are able to charge, either of which could have a
material adverse effect on our financial position and results of operations. From time to
time, the intensity of competition results in fee reductions in a particular areas or
region. Such price discounting puts pressure on margins and can negatively impact our
ability to generate an operating profit. We rely on equipment manufactured by
third parties and price fluctuations can have a material and adverse affect on the cost
structure of our business
We are exposed to fluctuations in market prices for various equipment in providing our
compliance services, such as computer equipment products. The rising price of components
can have an impact on the cost of our services. At this time, we are unable to predict the
potential impact of future increases in such costs on the fees of our services, or our
ability, if any, to increase our fees for our services to cover such costs. We have not
established arrangements to protect us against such price increases, where possible, to
limit near-term exposure to fluctuations in those prices. Our business is subject to regulations;
failure to comply could result in substantial penalties
We are regulated by various national and local laws. Compliance with these laws could have
a material impact on our capital expenditures, earnings, or competitive position. Our
failure or inability to comply with the applicable laws and regulations could result in
monetary or other penalties, resulting in unanticipated expenditures or restrictions on
our ability to operate. A disruption or termination of our
collocation relationships could have a material adverse effect on our operations 
Disruption or termination of our collocation relationships could have a material adverse
effect on our operations. We believe that alternative sources could be obtained, if
necessary, but the inability in a timely manner to obtain alternative relationships, if
and as required in the future, could result in reductions of revenues which in turn could
have an adverse effect on our operating results and customer relationships.  Actual results could
differ from the estimates and assumptions that we use to prepare our financial statementsTo prepare financial statements in conformity with generally accepted accounting
principles, management is required to make estimates and assumptions, as of the date of
the financial statements, which affect the reported values of assets, liabilities,
revenues and expenses and disclosures of contingent assets and liabilities. Areas
requiring significant estimates by our management include: - contract costs and profits and revenue recognition;
- provisions for uncollectible receivables and recoveries of costs from subcontractors,
vendors and others;
- provisions for income taxes and related valuation allowances;
- accruals for estimated liabilities;
- timing of the introduction of new products and services and market acceptance of the
same  We may become subject to the risks associated
with being a government contractorWe intend to become a provider of compliance services to governmental agencies,
including municipal agencies. At present, we have no contract with governmental agencies
or municipal agencies. We may therefore become exposed to risks associated with government
contracting, including reductions in government spending, canceled or delayed
appropriations specific to our contracts or projects, heightened competition and modified
or terminated contracts. Legislatures typically appropriate funds for a given program on a
year-by-year basis, even though contract performance may take more than one year and are
not always guaranteed. As a result, at the beginning of a contract or project, the related
contract or project may be only partially funded, and additional funding is normally
committed only as appropriations are made in each subsequent year. These appropriations,
and the timing of payment of appropriated amounts, may be influenced by, among other
things, the state of the economy, competing priorities, curtailments in the use of
government contracting firms, budget constraints, the timing and amount of tax receipts
and the overall level of government expenditures. Our failure to attract and retain qualified
personnel, including our key officers, could have an adverse effect on usOur ability to attract and retain qualified engineers, and other professional
personnel in accordance with our needs is an important factor in determining our future
success. The market for these professionals is competitive, and there can be no assurance
that we will be successful in our efforts to attract and retain needed professionals. In
addition, our ability to be successful depends in part on our ability to attract and
retain skilled laborers. Demand for these workers can be high at times and the supply can
be extremely limited at times. Our success is also highly dependent upon the continued
services of our management and the loss of any member of our management team could
materially adversely affect us. We may need additional capital to fund
our negative cash flow from operations through debt or equityBased upon our present available cash of $19,760 as of June 30, 2007, loans from
stockholders and a line of credit from a financial
institution, secured by a certificate of deposit of Michael Rideman, our CEO, President
and Chairman, if we find that the market for our compliance services develop more slowly
than we anticipate, we may require additional funding through debt and/or equity financing
in order to fund our increasing costs of operations and the costs. If unexpected expenses
or increases in costs arise, there can be no assurance that we will be able to raise
additional capital in a timely manner as and if needed. As additional funds are required
it may be expected that we sell additional securities or seek increased credit lines or
new debt financing, but there can be no assurance that such financing will be at terms
satisfactory to us. Potential risks associated with rapid
regulatory changesRapid regulatory changes could adversely affect our business. The market for our
compliance services in particular is characterized by rapid changes in regulatory
environments. Evolving regulatory standards and changing compliance needs gives rise to a
very competitive marketplace for compliance services. If we are unable to meet or stay
ahead of new regulatory requirements and to changes in regulatory standards, our business
could be adversely affected. Changes in regulatory requirements
influence the demand for our services.To grow and remain competitive, we need to anticipate changes in regulatory standards.
We need to continue to introduce new and enhanced compliance products on a timely basis.
We may not achieve these goals and some of our service products may become obsolete.
Stricter governmental regulations also may affect acceptance of new compliance products.
We may not be able to enforce our rights under trademarks or patents against third
parties. Dependent upon our ability to manage our
growth.
We anticipate continued growth in the future, based upon sales growth achieved in 2006 and
new contracts to be completed throughout 2007, especially if our marketing efforts for
compliance services is successful. In such event we will require effective management,
more personnel and increased financial and other resources. This growth, if achieved,
could place significant strains on our financial, managerial and other resources. Failure
to effectively manage growth could have a materially adverse effect on our business and
results of operations. Dependence upon one major customerWe are dependent on one major customer, a financial institution, that has accounted
for 45% of our revenues during the fiscal year ended June 30, 2007 and for 64.6% of our
revenues during the fiscal ended June 30, 2007. While we believe that the percentage of
revenues from our one major customer will continue to decline if our revenues continue to
increase, there can be no assurance that our revenues will continue to increase, nor can
there be any assurance that we will not continue to be dependent upon our major customer.
In the event that our major customer should cease or significantly reduce its use of our
services, our business and financial condition could be materially adversely effected. Risk Factors Related to Our Common Stock  Market prices of our equity securities can
fluctuate significantlyThe market price of our shares of Common Stock may change significantly in response to
various factors and events beyond our control, including the following: 
- the risk factors described in this annual report;
- changing demand for our products and services;
- our results from operations;
- general conditions in markets we operate in;
- general conditions in the securities markets;
- issuance of a significant number of shares, whether pursuant to this offering on behalf
of the selling shareholder, for compensation under employee stock options, conversion of
debt, acquisitions, additional financing or otherwise. There is only a limited
trading market for our common stock
Our Common Stock is subject to quotation on the NASDAQ OTCBB. There has only been limited
trading activity in our Common Stock. There can be no assurance that a more active trading
market will commence in our securities as a result of increasing operations. Further, in
the event that an active trading market commences, there can be no assurance as to the
level of any market price of our shares of Common Stock, whether any trading market will
provide liquidity to investors, or whether any trading market will be sustained. State blue sky
registration; potential limitations on resale of our securities
The class of Common Stock registered under the Exchange Act, other than the shares of
Common Stock registered for the benefit of the selling shareholder, have not been
registered for resale under the Act or the "blue sky" laws of any state. Other
than the selling shareholder, the holders of such shares and persons who desire to
purchase them in any trading market that may exist in the future, should be aware that
there may be significant state blue-sky law restrictions upon the ability of investors to
resell our securities. Accordingly, investors should consider the possibility that the
secondary market for the Company's securities may be a limited one. It is the intention of the management to
seek coverage and publication of information regarding the Company in an accepted
publication which permits a manual exemption. This manual exemption permits a security to
be distributed in a particular state without being registered if the Company issuing the
security has a listing for that security in a securities manual recognized by the state.
However, it is not enough for the security to be listed in a recognized manual. The
listing entry must contain (i) the names of issuers, officers, and directors, (ii) an
issuer's balance sheet, and (iii) a profit and loss statement for either the fiscal year
preceding the balance sheet or for the most recent fiscal year of operations. Furthermore,
the manual exemption is a nonissuer exemption restricted to secondary trading
transactions, making it unavailable for issuers selling newly issued securities. Most of the accepted manuals
are those published in Standard and Poor's, Moody's Investor Service, Fitch's Investment
Service, and Best's Insurance Reports, and many states expressly recognize these manuals.
A smaller number of states declare that they "recognize securities manuals" but
do not specify the recognized manuals. The following states do not have any provisions and
therefore do not expressly recognize the manual exemption: Alabama, Georgia, Illinois,
Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont and Wisconsin. Dividends unlikely on our
common stock
We do not expect to pay cash dividends on our common stock for the foreseeable future. The
payment of dividends, if any, will be contingent upon our future revenues and earnings,
capital requirements and general financial condition. The payment of any cash dividends
will be within the discretion of our board of directors. It is our intention to retain all
earnings for use in the business operations and, accordingly, we do not anticipate that we
will declare any dividends on our common stock in the foreseeable future. Possible issuance of
additional securities
Our Articles of Incorporation authorize the issuance of 3,500,000,000 shares of common
stock, par value $0.001 and 5,000,000 shares of preferred stock, par value $0.001. At June
30, 2007, we had 36,805,895 shares of common stock issued and none of our preferred stock
issued. In addition, we may issue
additional shares of common stock in connection with any future acquisitions of operating
businesses or assets, to raise additional funding or under employee incentive or option
plans. To the extent that additional shares of common stock are issued, our shareholders
would experience dilution of their respective ownership interests in the Company. The
issuance of additional shares of common stock may adversely affect the market price
of our common stock and could impair our ability to raise capital through the sale of our
equity securities. Compliance with penny
stock rules
Our securities will initially be considered a "penny stock" as defined in the
Exchange Act and the rules thereunder, since the price of our shares of Common Stock is
less than $5. Unless our Common Stock is otherwise excluded from the definition of
"penny stock," the penny stock rules apply with respect to that particular
security. The penny stock rules require a broker-dealer prior to a transaction in penny
stock not otherwise exempt from the rules, to deliver a standardized risk disclosure
document prepared by the SEC that provides information about penny stocks and the nature
and level of risks in the penny stock market. The broker-dealer also must provide the
customer with current bid and offer quotations for the penny stock, the compensation of
the broker-dealer and its sales person in the transaction, and monthly account statements
showing the market value of each penny stock held in the customer's account. In addition,
the penny stock rules require that the broker-dealer, not otherwise exempt from such
rules, must make a special written determination that the penny stock is suitable for the
purchaser and receive the purchaser's written agreement to the transaction. These
disclosure rules have the effect of reducing the level of trading activity in the
secondary market for a stock that becomes subject to the penny stock rules. So long as the
Common Stock is subject to the penny stock rules, it may become more difficult to sell
such securities. Such requirements, if applicable, could additionally limit the level of
trading activity for our Common Stock and could make it more difficult for investors to
sell our Common Stock. Shares eligible for future sale
As of June 30, 2007, we had36,805,895shares of Common Stock issued and outstanding, of which 36,590,729shares are "restricted" as that term is defined under
the Securities Act, and in the future may be sold in compliance with Rule 144 under the
Securities Act. Rule 144 generally provides that a person holding restricted securities
for a period of one year may sell every three months in brokerage transactions and/or
market-maker transactions an amount equal to the greater of one (1%) percent of (a) the
Company's issued and outstanding Common Stock or (b) the average weekly trading volume of
the Common Stock during the four calendar weeks prior to such sale. Rule 144 also permits,
under certain circumstances, the sale of shares without any quantity limitation by a
person who has not been an affiliate of the Company during the three months preceding the
sale and who has satisfied a two-year holding period. However, all of the current
shareholders of the Company owning 5% or more of the issued and outstanding Common Stock
are subject to Rule 144 limitations on selling. Any
investment in our shares of Common Stock involves a high degree of risk. You should
carefully consider the following information about these risks, together with the other
information contained in this prospectus before you decide to invest in our Common Stock.
Each of the following risks may materially and adversely affect our business objective,
plan of operation and financial condition. These risks may cause the market price of our
Common Stock to decline, which may cause you to lose all or a part of the money you
invested in our Common Stock. We provide the following cautionary discussion of risks,
uncertainties and possible inaccurate assumptions relevant to our business plan. In addition to other information included in this
registration statement, the following factors should be considered in evaluating the
Company's business and future prospects. ITEM 2.
DESCRIPTION OF PROPERTIESBack to Table of Contents The Registrant'scorporate office is located at2655
LeJeune Road, Suite 311, Coral Gables, FL33134,
which space is rented for $1,104 per month. The office facilities consist of approximately
1,300 square feet of executive office space and are leased by the Registrant from an
unaffiliated third party. The Registrant believes that the office facilities are
sufficient for the foreseeable future. ITEM 3. LEGAL PROCEEDINGBack to
Table of Contents  The Registrant's officers and directors are not aware of
any threatened or pending litigation to which the Registrant is a party or which any of
its property is the subject and which would have any material, adverse effect on the
Registrant. ITEM
4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS Back to
Table of Contents During the year ended June 30, 2007, no matters were
submitted to a vote of our security holders.




PART II ITEM 5.
MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERBack to
Table of Contents (a) Market Price InformationOur common stock is subject
to quotation on the NASDAQ OTCBB under the symbol "VCMG". There has been no
significant trading activity for approximately the past two years. The following table
shows the high and low bid prices for the Company's common stock during the last three
fiscal years as reported by the National Quotation Bureau Incorporated adjusted for a 1
for 73 reverse split effective September 5, 2007. These prices reflect inter-dealer
quotations without adjustments for retail markup, markdown or commission, and do not
necessarily represent actual transactions. **Fiscal 2006**
    
    **Fiscal 2005**
    
    **Fiscal 2004****High**
    
    **Low**
    
    **High**
    
    **Low**
    
    **High**
    
    **Low**First
    Quarter ended September 30,
    
    $
    0.73
    
    $
    0.00
    
    $
    0.00
    
    $
    0.00
    
    $
    0.00
    
    $
    0.00Second
    Quarter ended December 31,
    
    $
    3.65
    
    $
    0.73
    
    $
    1.46
    
    $
    0.73
    
    $
    0.00
    
    $
    0.00Third
    Quarter ended March 31,
    
    $
    1.50
    
    $
    0.50
    
    $
    0.73
    
    $
    0.73
    
    $
    0.00
    
    $
    0.00Fourth
    Quarter ended June 30,
    
    $
    0.50
    
    $
    0.50
    
    $
    1.46
    
    $
    0.73
    
    $
    0.00
    
    $
    0.00 (b) Approximate Number of Holders of Common Stock
On June 30, 2007, there were approximately137****shareholders of record of our
common stock.The transfer agent
of our Common Stock isInterwest Transfer Co., Inc., Salt Lake City, UT. (c) Dividends
We currently do not pay cash dividends on our common stock and have no plans to reinstate
a dividend on our common stock. (d) Equity Compensation Plans
We have no equity compensation plans.  **Recent Sales of Unregistered Securities** **Date**
    **Title**
    **Shares
    Issued**
    **Persons**
    **Cash or Non Cash Consideration**5/18/05
    Common
    1,000,000
    Joseph Guilano
    Services valued at $50,000 (1)(a)5/18/05
    Common
    1,000,000
    Valuemetrics
    Services valued at $50,000 (1)(a)5/18/05
    Common
    580,000
    W. Keith Webb
    Services valued at $29,000 (1)(a)5/18/05
    Common
    500,000
    Blue Water Ventures
    Services valued at $25,000 (1)(a)5/19/05
    Common
    29,675,466
    Greg Paige, former officer
    For services as officer valued at $1,069,428 (1)(a)5/25/05
    Common
    100,000
    Jeff Graves
    Services valued at $9,840 from 8/04-12/04 (1)(a)5/25/05
    Common
    10,000
    Teresa Fisher
    Services valued at $600 from 8/04-10/04 (1)(a)5/25/05
    Common
    10,000
    Rose Newton
    Services valued at $1,337 from 3/05-6/05 (1)(a)5/25/05
    Common
    50,000
    Robert Yurglich
    Services valued at 10,460 from 3/04-1/05 (1)(a)5/25/05
    Common
    100,000
    Neil Baritz
    Services valued at 6,670 from 1/05-12/05 (1)(a)5/25/05
    Common
    400,000
    Carol Wager
    Services valued at $60,000 (1)(a)5/25/05
    Common
    100,080
    Alan Brown
    Services valued at $8,990 from 1/04-12/04 (1)(a)5/25/05
    Common
    50,000
    Joe Conti
    Services valued at $4,495 from 1/04-12/04 (1)(a)5/25/05
    Common
    3,000,000
    Yadio, Inc.
    Technical consulting services valued at $408,750 from 6/05-5/06
    (1)5/25/05
    Common
    185,000
    Ira Ginsberg
    Legal services valued at $28,453 from 10/04-10/05 (1)5/25/05
    Common
    50,000
    Tim Laudermilk
    Services valued at $8,250 from 1/05-6/05 (1)(a)6/30/06
    Common
    182,500
    Howard Shiller
    Services valued at $975 (1)(b)6/30/06
    Common
    365,000
    Eitan Guerrero
    Services valued at $1,950 (1)(b)6/30/06
    Common
    730,000
    Brenda Bibb
    Services valued at $3,900 (1)(b)6/30/06
    Common
    1,460,000
    N. Richard Grassano, officer
    Services valued at $7,800 (1)(b)6/30/06
    Common
    730,000
    John Slautterback
    Services valued at $3,900 (1)(b)6/30/06
    Common
    1,460,000
    Robert Kirby
    Services valued at $7,800 (1)(b)6/30/06
    Common
    365,000
    Steven Pisenti
    Services valued at $1,950 (1)(b)6/30/06
    Common
    182,500
    Russell English
    Services valued at $975 (1)(b)6/30/06
    Common
    182,500
    Jeffrey Houle
    Services valued at $975 (1)(b)6/30/06
    Common
    1,460,000
    Eric Cherry
    Services valued at $7,800 (1)(b)6/30/06
    Common
    365,000
    Kurt Kotray
    Services valued at $1,950 (1)(b)6/30/06
    Common
    1,460,000
    Ken Gottlieb
    Services valued at $7,800 (1)(b)6/30/06
    Common
    2,920,000
    Wayne Jackson
    Services valued at $15,600 (1)(b)6/30/06
    Common
    182,500
    Jim Williams
    Services valued at $975 (1)(b)6/30/06
    Common
    365,000
    David McClung
    Services valued at $1,950 (1)(b)6/30/06
    Common
    365,000
    George Morton
    Services valued at $1,950 (1)(b)6/30/06
    Common
    365,000
    Tony Silva
    Services valued at $1,950 (1)(b)7/01/06
    Common
    258,080,733
    Alex Trulio
    Issued in VMG share exchange7/01/06
    Common
    384,540,291
    Tony D'Auria
    Technical services valued at $38,454 (1)7/01/06
    Common
    226,499,927
    Greg Paige, former officer
    Services valued at $22,650 (1)(b)7/01/06
    Common
    255,499,927
    Marc Baker
    Services valued at $25,500 (1)(b)7/01/06
    Common
    632,186,862
    Michael Rideman, officer
    Issued in SFD share exchange7/01/06
    Common
    632,186,862
    Ronald L. Rideman, officer
    Issued in SFD share exchange7/01/06
    Common
    730,000
    Janet Moretta
    Services as employee valued at $109,500 (2)7/01/06
    Common
    730,000
    Maylee Sanchez
    Services as employee valued at $109,500 (2)8/1/06
    Common
    1,825,000
    Maikel Marrero
    Services as employee valued at $273,750 (2)8/1/06
    Common
    1,825,000
    Catherine Skelly
    Services as employee valued at $273,750 (2)8/1/06
    Common
    1,825,000
    Frank De la Renta
    Services as employee valued at $273,750 (2)8/1/06
    Common
    730,000
    Adolph Restaini
    Services as emplyee valued at $109,500 (2)8/1/06
    Common
    730,000
    Ivonne Oliver
    Services as employee valued at $109,500 (2)9/30/06
    Common
    3,650,000
    Warren Zinn
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,000
    Rick Gilmore
    Private unit sale at $146 per unit (3)9/30/06
    Common
    9,344,000
    Donald Mars
    Private unit sale at $146 per unit (3)9/30/06
    Common
    2,920,000
    Michael Plotkin
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,000
    James Kirkpatrick
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,000
    Ryan Gamble
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,00
    Michael Alvarez
    Private unit sale at $146 per unit (3)9/30/06
    Common
    730,000
    Fred Mayer
    Private unit sale at $146 per unit (3)9/30/06
    Common
    730,000
    Deborah Bainte
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,000
    Gladys Seskin
    Private unit sale at $146 per unit (3)9/30/06
    Common
    5,110,000
    Larrie & Kim Seskin
    Private unit sale at $146 per unit (3)9/30/06
    Common
    1,460,000
    Lana Friedman
    Private unit sale at $146 per unit (3)9/30/06
    Common
    2,920,000
    Adam Farber
    Private unit sale at $146 per unit (3)9/30/06
    Common
    2,920,000
    Coastal Woodwork
    Private unit sale at $146 per unit (3)9/30/06
    Common
    730,000
    Kerith Rudnicki
    Private unit sale at $146 per unit (3)9/30/06
    Common
    730,000
    David Snidgrass
    Private unit sale at $146 per unit (3)9/30/06
    Common
    730,000
    Stewart Yoffee
    Private unit sale at $146 per unit (3)9/30/06
    Common
    2,920,000
    Paul Cohen
    Private unit sale at $146 per unit (3)10/18/06
    Common
    1,460,000
    Robert Basso
    Private unit sale at $146 per unit (3)12/8/06
    Common
    1,460,000
    Rick Gilmore
    Private unit sale at $146 per unit (3)12/12/06
    Common
    1,460,000
    Mark Yoffee
    Private unit sale at $146 per unit (3)04/03/07
    Common
    40,000
    Coastal Woodworking
    Private unit sale at $0.50 per unit (4)05/22/07
    Common
    16,667
    James Laughman
    Private unit sale at $0.60 per unit (4)06/04/07
    Common
    16,667
    Preston Klassen
    Private unit sale at $0.60 per unit (4)06/08/07
    Common
    8,333
    Robert Sherman
    Private sale at $0.60 per share (4)04/30/07
    Common
    17,333
    N. Richard Grassano, CFO
    Services valued at $12,653 (4)(2)04/30/07
    Common
    4,333
    Ted and Harriet Pioqiunto
    Services valued at $3,134 (4)(2)05/10/07
    Common
    14,932
    Ivonne Oliver
    Services valued at $10,900 (4)(2)06/30/07
    Common
    8,333
    Jerold Saef
    Private sale at $0.60 per share (4)(1) Based upon the closing bid
    price on the dates of issuance.
    (2) Valuation based upon the closing bid price on the dates of issuance.
    (3) During the period from July 1, 2006 through September 30, 2006, the Company pursuant
    to a private sale offered and sold units to sophisticated investors. The units consisted
    of  2 shares and 1 warrant at a price of $146 per unit. The warrants are exercisable
    to purchase on additional share at a price of $0.01 per share. Subsequent to September 30,
    2006, additional units were sold to three sophisticated investors including two persons
    who acquired units effective September 30, 2006.
    (a) During May 2005, at which time Mr. Greg Paige was the sole officer and director of the
    Registrant and the Registrant was a non-operating establishment, due to lack of cash
    resources, the Registrant issued restricted shares for services related to pursuit of
    operating businesses as potential candidates for a business combination and related
    administrative support services.
    (b) These restricted shares were issued by the Registrant to persons providing services to
    the Registrant in connection with the negotiations related to the Registrant entering into
    a business combination with SFD and VMG.(4) Shares issued pursuant
    Section 4(2). The Company believes that the issuances and sale of the
restricted shares were exempt from registration pursuant to Section 4(2) of the Act as
privately negotiated, isolated, non-recurring transactions not involving any public
solicitation. The recipients in each case represented their intention to acquire the
securities for investment only and not with a view to the distribution thereof.
Appropriate restrictive legends are affixed to the stock certificates issued in such
transactions. This offering was done with no general solicitation or
advertising by the Registrant. The investors are business acquaintances of management and
were approached by management individually. All recipients of restricted shares either
received adequate information about the Company or had access, through employment,
relation and/or business relationships with the Company to such information. Based on an analysis of the above factors, the
Registrant has met the requirements to qualify this offering and sale for exemption under
Section 4(2) of the Securities Act of 1933. ITEM
6. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS AND FINANCIAL CONDITIONSBack
to Table of Contents The following discussion contains forward-looking statements.
Forward-looking statements give our current expectations or forecasts of future events.
You can identify these statements by the fact that they do not relate strictly to
historical or current facts. They use of words such as "anticipate,"
"estimate," "expect," "project," "intend,"
"plan," "believe," and other words and terms of similar meaning in
connection with any discussion of future operating or financial performance. From time to
time, we also may provide forward-looking statements in other materials we release to the
public.

The following discussion should be read in conjunction with our
financial statements and the related notes appearing elsewhere in this report.  The
following discussion contains forward-looking statements reflecting our plans, estimates
and beliefs.  Our actual results could differ materially from those discussed in the
forward-looking statements. Factors that could cause or contribute to such differences
include, but are not limited to those discussed below and elsewhere in this report,
particularly in the section entitled "Risk Factors".

The Registrant acquired its operating subsidiaries VMG and SFD on July
1, 2006. Prior to the acquisition of its operating subsidiaries, the Registrant was a
non-operating company. As a result, the financial statement of the Registrant for 2007 and
2006 are not comparable.

The Company generates revenues based on hourly rates and fixed rates.
Our fixed-rate contracts involve an engagement retainer and typically provide for monthly
fees. Our hourly-rate contracts are billed monthly.
Results of Operations For the Year Ended June 30, 2007 Compared to the
Year Ended June 30, 2006.


The following is derived from, and should be read in conjunction with,
our audited consolidated financial statements, and related notes, as of and for the years
ended June 30, 2007 and 2006.
Revenues. We generated revenues to $1,676,283 during the year ended
June 30, 2007 as compared to $9,434 during 2006. The increase in revenues was mainly
attributable due to the acquisition of VMG and SFD, which became wholly-owned subsidiaries
and the continued growth of those respective subsidiaries. Revenues during the year ended
June 30, 2007 increased by approximately twenty percent as compared to revenues for the
year ended June 30, 2006 (see the un-audited Pro-Forma Statement of Operations in Note 8
of the audited financial statements). We anticipate continued growth in our current
service offerings to new and existing clients, as well as the development of new
complementary service offerings arising from our considerable project portfolio.
Cost of Services. Cost of services for the year ended June 30, 2007
were $1,050,504. Our cost of services consists mainly of labor costs for project
consultants and information technology professionals. We did not incur cost of services
during 2006 due to the fact that we were a non-operating company during 2006.
Administrative Expenses: Our administrative expenses increased from
$16,252 in 2006 to $239,451 in 2007 due to becoming an operating company. The increase is
primarily attributed to an expansion of administrative personnel to facilitate future
growth.
General Expenses. General expenses were $2,019,621 and $386,963 for
the year 2007 and 2006 respectively. The significant increase in our general expenses was
due to the Company becoming an operating corporation. We had non-cash compensation
expenses related to administrative services, sales, marketing, contract analysis,
technical and sales services and IT consulting services of $1,642,905 during the year
ended June 30, 2007 compared to $79,950 in the same period in the prior year. Furthermore,
additional professional expenses were incurred as a result of our initial registration as
a public company. The Company expects to issue shares of common stock from time to time in
lieu of cash for services provided to the Company until the Company generates sufficient
positive cash flow from operations.
Selling expenses: Our selling expenses during the year ended June
30, 2007 increase to $306,872 from $29,492 in 2006. We expect continued increases in
selling expenses related to increasing revenues from current service offerings. We believe
that additional selling expenses will be incurred as we develop new synergistic business
opportunities and expand into new markets.
Net Loss. We incurred a net loss of $1,997,139 and $437,435 for the
year ended June 30, 2007 and 2006, respectively.
Liquidity and Capital Resources


At June 30, 2007, we had current assets of $411,489 consisting of
mainly of cash and accounts receivable compared to current assets of $52,984 at June 30,
2006. At June 30, 2007 and 2006, we had total assets of $418,728 and $62,418,
respectively. We had total current liabilities of $217,655 at June 30, 2007 compared to
$55,027 at June 30, 2006. As of June 30, 2007, our current liabilities were principally
composed of $85,166 in accounts payable and accrued expenses, $1,139 in accrued interest
and $131,350 under a line of credit. We had long-term liabilities of $414,829 as of June
30, 2007 compared to $204,102 at June 30, 2006. As of June 30, 2007, these liabilities
consist of $14,965 in loan payable and stockholder loans of $182,209.

We had positive working capital of $193,834 at June 30, 2007. Net cash
used in operations during the year ended June 30, 2007 was $689,362 compared to cash used
of $299,024 in 2006. Our negative cash flow from operations was mainly due to our net loss
of $1,997,139, an increase in accounts receivable of $386,495, principally offset by an
increase in accounts payable and accrued expenses of $8,920, and non-cash compensation of
$1,642,905.

The Company's financing activities consist mainly of issuance of
debt and equity instruments. During the year ended 2007, the Company's financing
activities provided $576,492 compared to $356,990 in 2006. The Company raised $60,000
during 2007 through the issuance of notes offset by payments made of $88,558 and $474,000
through the issuance of restricted stock.

We believe that despite funding provided under our bank line-of-credit
and funding available from our management, we may need additional funding to execute our
planned expansion of our sales and marketing efforts. As of June 30, 2007, shareholders
have loaned the Company $182,209 at 10.25% due on May 31, 2009. We have no written funding
commitment from management and affiliated parties.

There are no limitations in the Company's articles of incorporation on
the Company's ability to borrow funds or raise funds through the issuance of restricted
common stock. The Company's believes that it has the ability to borrow funds and/or raise
capital through the sale of restricted stock. To the extent that additional debt financing
is utilized, any borrowing will subject us to various risks traditionally associated with
indebtedness, including the risks of interest rate fluctuations and insufficiency of cash
flow to pay principal and interest.
Plan of Current and Future Financing of Our Operations for the year
2008


During the year ended June 30, 2007, the Company had a loss from
operations of $1,997,139, which was primarily due to non-cash compensation of $1,642,905
represented by stock issued for consulting services. At June 30, 2007 the Company had cash
of $19,760. We had an accumulated deficit of $2,535,035 at June 30, 2007. We have incurred
negative cash flow from operations during the year 2007.

The Company principally funded its negative cash flow from operations
during the year 2007 through the sale of restricted stock which generated proceeds of
$474,000 and through the issuance of notes to shareholders totaling $60,000 and a line of
credit of $131,350.

We have financed our operations primarily through related party debt
financing and equity raising. Our continued operations will depend on whether we are able
to continue to raise additional funds through various potential sources, such as equity
and debt financing, including the sale of additional equity and receipt of additional debt
financing. We do not have any agreements with our management to continue to loan monies to
the Company. Additional funds may not become available on acceptable terms and there can
be no assurance that any additional funding that we do obtain will be sufficient to meet
our needs during the next twelve months or in the long term.

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

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


As of June 30, 2007 we did not have any off-balance sheet arrangements as defined in
Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.
Critical Accounting Policies


Revenue Recognition

Revenue is recognized when it is realized or realizable and earned.
VCMG considers revenue realized or realizable and earned when persuasive evidence of an
arrangement exists, services have been provided, and collectibility is reasonably assured.
Revenue that is billed in advance such as recurring weekly or monthly services are
initially deferred and recognized as revenue over the period the services are provided.

Credit Risk and Concentrations

VCMG does not require collateral from its customers with respect to
accounts receivable but performs periodic credit evaluations of such customer's financial
conditions. VCMG determines any required allowance by considering a number of factors
including lengths of time accounts receivable are past due and VCMG's previous loss
history. VCMG provides reserves for accounts receivable when they become uncollectible,
and payments subsequently received on such receivables are credited to the allowance for
doubtful accounts. As of June 30, 2007 and June 30, 2006, VCMG has determined that no
allowance for doubtful accounts is required. VCMG had one client that accounted for 45% of
its revenue for the year ended June 30, 2007; the same client had represented 65% of its
total revenue for the year ended June 30, 2006 (see see the un-audited Pro-Forma Statement
of Operations in Note 8 of the audited financial statements). We anticipate seeing a
further dilution of this sales concentration as our client base and service offerings
continue to grow.

Stock-based Compensation

The Company accounts for stock-based employee compensation arrangements using the fair
value method in accordance with the provisions of Statement of Financial Accounting
Standards no.123(R) or SFAS No. 123(R), Share-Based Payments, and Staff Accounting
Bulletin No. 107,or SAB 107, Share-Based Payments. The company accounts for
the stock options issued to non-employees in accordance with the provisions of Statement
of Financial Accounting Standards no. 123, or SFAS No. 123, Accounting for Stock-Based
Compensation, and Emerging Issues Task Force No. 96-18, Accounting for Equity
Instruments with Variable Terms That Are Issued for Consideration other Than Employee
Services Under FASB Statement no. 123.The fair value of stock options and warrants
granted to employees and non-employees is determined using the Black-Scholes option
pricing model. The Company has adopted SFAS 123(R) and applied it in the period presented.

Property and Equipment

Property and Equipment is stated at cost less accumulated depreciation
and amortization. Depreciation of equipment and furniture and fixtures is computed using
the straight-line method over the related estimated useful lives of the assets, ranging
from two to five years. Amortization of leasehold improvements is computed using the
straight-line method over the lesser of the estimated useful lives of the improvements or
the terms of the related leases.

Impairment of Long-Lived Assets.

VCMG reviews the carrying value of its long-lived assets annually or
whenever events or changes in circumstances indicate that the historical cost-carrying
value of an asset may no longer be appropriate. VCMG assesses recoverability of the
carrying value of the asset by estimating the future net cash flows expected to result
from the asset, including eventual disposition. If the future net cash flows are less than
the carrying value of the asset, an impairment loss is recorded equal to the difference
between the asset's carrying value and fair value. VCMG determined that no impairment was
necessary during the year ended June 30, 2007. ITEM
7. FINANCIAL STATEMENTSBack to Table of Contents The Registrant's audited financial statements for the
fiscal years ended June 30, 2007 and 2006 are attached to this annual report. Financial Statements ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSUREBack to Table of Contents (a)(1) Previous Independent Accountant (i) The Registrant reports that the
    Registrant's auditor Malone & Bailey, PC was dismissed by the Registrant effective
    August 1, 2007.(ii) Malone & Bailey, PC's reports
    on the Registrant's financial statements for the fiscal years ended June 30, 2006 and 2005
    did not contain an adverse opinion or disclaimer of opinion, and were not modified as to
    uncertainty, audit scope, or accounting principles. However, both reports contained an
    explanatory paragraph disclosing the uncertainty regarding the ability of the Company to
    continue as a going concern.(iii) The decision to dismiss Malone
    & Bailey, PC as the Registrant's certifying accountants was recommended and approved
    by the board of directors of the Registrant on August 1, 2007.(iv) In connection with the audits of the Company's
    financial statements for the years ended June 30, 2006 and 2005 and any subsequent interim
    period through the date of dismissal, there were no disagreements, resolved or not, with
    Malone & Bailey, PC on any matter of accounting principles or practices, financial
    statement disclosure, or auditing scope or procedure, which disagreement(s), if not
    resolved to the satisfaction of Malone & Bailey, PC, would have caused them to make
    reference to the subject matter of the disagreement(s) in connection with their reports on
    the Company's financial statements. (a)(2) Engagement of Mcelravy, Kinchen & Associates,
PC as the Registrant's Independent Accountant.
On August 1, 2007, the Registrant's board of directors recommended and approved the
engagement of Mcelravy, Kinchen & Associates, PC, as its independent accountant to
audit the Registrant's financial statements for its fiscal year ended June 30, 2007.
During the years ended June 30, 2006 and 2005 and the subsequent interim period ended
March 31, 2007, and through the date of the firms engagement the Registrant did not
consult with Mcelravy with regard to:
(i) the application of accounting principles to a specified transaction, either completed
or proposed; or the type of audit opinion that might be rendered on Registrants
financial statements; or
(ii) any matter that was either the subject of a disagreement or a reportable event (as
described in Item 304(a) (1) (iv) of Regulation S-B. (a)(3) The Registrant has provided Malone & Bailey,
PC with a copy of the disclosures it is making in response to this Item. The Registrant
has requested Malone & Bailey, PC to furnish a letter addressed to the Commission
stating whether it agrees with the statements made by the Registrant in (a)(1)(i),(ii) and
(iv) above and, if not, stating the respects in which Malone & Bailey, PC does not
agree. The Registrant has filed the letter as exhibit 16 to its current report as filed
with the SEC on August 6, 2007. ITEM 8A. CONTROLS AND PROCEDURESBack to
Table of Contents Evaluation of disclosure controls and procedures As of June 30, 2007, the Company's chief executive officer
and chief financial officer conducted an evaluation regarding the effectiveness of the
Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e)
under the  Exchange Act. Based upon the evaluation of these controls and procedures,
our chief executive officer and chief financial officer concluded that our disclosure
controls and procedures were effective as of the date of filing this annual report
applicable for the period covered by this report. Changes in internal controls. During the period covered by this report, no changes occurred in
our internal control over financial reporting that materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting. **ITEM 8B. OTHER INFORMATION**Back to
Table of Contents None.




PART III ITEM
9. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT, COMPLIANCE WITH SECTION 16(A)Back to Table of Contents At present, we have four officer
and two directors. We may elect one or more additional directors and appoint additional
officers in connection with our intent to pursue new business opportunities or entering
into a business combination. Our directors are elected to serve until the next annual
meeting of shareholders and until their respective successors will have been elected and
will have qualified. The following table sets forth the name, age and position held with
respect to our present directors and executive officers: **Name**
    **Age**
    **Positions**Michael Rideman
    51
    President, CEO and Co-ChairmanRonald Rideman
    53
    Vice President,
    Treasurer and Co-ChairmanAlex Truijillo
    44
    Chief Operating OfficerN. Richard Grassano
    53
    Chief Financial Officer Mr. Michael Rideman, Co-Chairman and CEO: Mr. Rideman
co-founded Secured Financial Data, Inc. with his brother, Dr. Ronald L. Rideman in 2005.
During the past 21 years until 2006, Mr. Michael Rideman was employed at a private company
owned by the Rideman family, which company was engaged in the business of auto repair
services. Since 2005 to the present, Mr. Rideman has also served as member of Rideman
Investments LLC, which is primarily a real estate development company. Mr. Rideman was a
founder and served as CEO, president and a director of iGames Entertainment (OTCBB:
"IGME"), from inception until April 2002, following it becoming a public
reporting company. Dr. Ronald L. Rideman, Vice President/Co-Chairman: Dr.
Ronald L. Rideman co-founded Secured Financial Data, Inc. with his brother in 2005. From
2005 to the present, Dr. Rideman has been a managing member of the Rideman Investments
LLC, an investment. Since December 2006 to present, Dr. Ridman has been Regional Medical
Liaison with Nuvelo. From January 2006 to November 2006, Dr. Ridman was Regional Medical
Liaison with Elan, Inc. From January 2000 to December 2005, Dr. Ridman was Senior Regional
Medical Liaison with Amgen, Inc. Mr. Alex Trujillo, Chief Operating Officer: Mr. Trujillo
has been working for Veracity Management Group since July 2004. Prior to joining Veracity,
Mr. Trujillo had been employed by Auxis Consulting as VP of Technology Solutions from
August 2001 to July 2004. Mr. Trujillo has over twenty-five years of IT experience, in
capacities varying from technical, to managerial responsibilities, for both domestic and
multi-national organizations. Mr. Trujillo is trained in Method One, Six Sigma and
Balanced Score Card, an enterprise business methodology in both domestic and international
markets. Mr. Trujillo has extensive experience in implementing complex projects utilizing
technology with business driven strategies through the application of design, development
and implementation of enterprise level programmed office. Mr. Trujillo has not served as
an officer or director of any reporting public company during the past five years. Mr. N. Richard Grassano, CPA, Chief Financial Officer:
Mr. Grassano has thirty years experience as a Certified Public Accountant and business
consultant. During the past five years, Mr. Grassano has served as a business and
financial consultant to private companies as well as serving as a CPA. Mr. Grassano was
the president of Grassano Accounting PA, a multi-office accounting firm in both New Jersey
and Florida until 2003 following which he has been a self employed CPA and consultant to
date. He has extensive experience in all phases of auditing, accounting, taxation and
finance, as well as in areas of SEC reporting and compliance. Mr. Grassano has not served
as an officer or director of any reporting public company during the past five years.




ITEM 10.
EXECUTIVE COMPENSATIONBack to Table of Contents The following table contains the
executive compensation to the Registrant's executive officer for the periods set forth
below. **Summary Compensation Table****Long Term****Annual Compensation**
    **Compensation Awards****Other**
    **Restricted**
    **Securities****Annual**
    **Stock**
    **Underlying**
    **All
    Other****Salary**
    **Bonus**
    **Compensation**
    **Award(s)**
    **Options**
    **Compensation****Name and Principal Position**
    
    **Year**
    **($)**
    **($)**
    **($)**
    **($)**
    **($)**
    **($)**Michael Rideman, CEO and Co-Chairman(1)
    
    2007
    -
    -
    -
    -
    -
    -2006
    -Dr.
    Ronald L. Rideman, Vice President and Co-Chairman(2)
    
    2007
    -
    -
    -
    -
    -
    -2006
    -Alex Trujillo, COO(3)
    
    2007
    200,000
    -
    -
    -
    -
    -2006
    200,000N. Richard Grassano, CFO(4)
    
    2007
    46,000
    -
    -
    -
    -
    -2006
    46,000(1) Mr. Michael Rideman became the Registrant's
    CEO and Co-Chairman on July 1, 2006(2) Mr. Ronald L.  Rideman became the
    Registrant's Vice President and Co-Chairman on July 1, 2006(3) Mr. Alex Trujillo became the Registrant's
    COO in September 2006(4) Mr. N. Richard Grassano became the
    Registrant's CFO on October 1, 2006. ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTBack
to Table of Contents The table below discloses
any person (including any "group") who is known to the Registrant to be the
beneficial owner of more than five (5%) percent of the Registrant's voting securities. As
of September 24, 2007, the Registrant had 33,191,543 shares of common stock issued and
outstanding.Beneficial
ownership has been determined in accordance with the rules and regulations of the SEC and
includes voting or investment power with respect to the shares. Unless otherwise
indicated, the persons named in the table below have sole voting and investment power with
respect to the number of shares indicated as beneficially owned by them. **Title of
    Class**
    **Name and
    Address of Beneficial Owner**
    **Amount
    and Nature of Beneficial Owner**
    **Percent of Class**Common Stock
    Michael Rideman, President, CEO and
    Co-Chairman2655 LeJeune Road, Suite 311
    Coral Gables, FL33134
    8,660,093 shares
    26.09%Common
    Stock
    Dr. Ronald L. Rideman,
    Vice President, Treasurer and Co-Chairman2655 LeJeune Road, Suite 311
    Coral Gables, FL33134
    8,660,093 shares
    26.09%Common Stock
    Alex Trujillo, Chief Operating Officer2655 LeJeune Road, Suite 311
    Coral Gables, FL33134
    3,535,352 shares
    10.65%Common
    Stock
    N. Richard Grassano,
    Chief Financial Officer2655 LeJeune Road, Suite 311
    Coral Gables, FL33134
    61,533 shares
    0.00%Common
    Stock
    Marc L. Baker
    12230 SW 2nd Street
    Plantation, FL 33325
    4,499,999 shares
    13.56%Common
    Stock
    Greg Paige
    1450 South Dixie Highway
    Boca Raton, FL 33432
    2,824,320 shares
    8.51%Common Stock
    All officers and directors as a group (4
    persons)
    21,102,479 shares
    62.83% ITEM 12. CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONSBack to Table of Contents On various dates in fiscal 2006 and 2007, two stockholders lent the
Company approximately $250,000, evidenced by promissory notes bearing an interest rate of
Prime plus 2.00% (10.25% at June 30, 2007) and due on May 31, 2009. In addition the notes
are convertible to commonstock at any time at a conversion rate of $0.511 cents per share.
In addition, 200,000 Warrants have been granted at an exercise price of $1.0 per share
exercisable for 60 months from the date of the notes. On June 1, 2007 the existing stockholder notes payable were refinanced;
new notes of approximately $182,000 (representing unpaid principal and accrued interest as
of the refinance date) were issued; the interest rate and maturity dates remain the same.
The new notes do not provide a conversion feature; there is no remaining discount at June
30, 2007 as the remaining discount has been expensed as a component of interest expense.
All of the notes are considered long term as principal payments are not due during the
next 12 months. ITEM
13. EXHIBITS AND REPORTS ON FORM 8-KBack to Table of Contents (a) The following documents are filed as exhibits to
this report on Form 10-KSB or incorporated by reference herein. Any document incorporated
by reference is identified by a parenthetical reference to the SEC filing that included
such document. **Exhibit No.**
    **Description**3(i)
    Articles of
    Incorporation, attached to the Company's Form 10-SB/12g filed with the SEC on March 8,
    20073(ii)
    Bylaws, attached to the Company's
    Form 10-SB/12g filed with the SEC on March 8, 200710(i)
    Share Exchange Agreement between
    the Registrant and Veracity Management Group, Inc., attached to the Company's Form
    10-SB/12g filed with the SEC on March 8, 200710(ii)
    Share Exchange Agreement between
    the Registrant and Secure Financial Data, Inc., attached to the Company's Form 10-SB/12g
    filed with the SEC on March 8, 2007. (b) Reports on Form 8-K During the Last Quarter of the Fiscal Year
Covered by this Report: The Registrant did not file a Form 8-K during the last quarter of the
fiscal year covered by this annual report. ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICESBack to
Table of Contents Independent Public
Accountants
The Registrant's Board of Directors has appointed Mcelravy, Kinchen & Associates, PC
as independent public accountant for the fiscal year ending June 30, 2007. The
Registrant's financial statements for the year ended June 30, 2006 were audited by Malone
& Bailey, PC.  Principal Accounting Fees
The following table presents the fees for professional audit services rendered byMcelravy, Kinchen & Associates, PC,for the audit of the Registrant's annual
financial statements for the years ended June 30, 2007 and fees for professional audit
services rendered byMalone & Bailey, PCfor the year ended June30, 2006.  Year EndedJune 30,  2007
    
    
    June 30, 2006Audit fees
    (1)
    $
    35,000
    
    $
    89,841Audit-related fees (2)
    
    -
    
    
    -Tax fees
    (3)
    
    -
    
    
    -All other fees
    
    -
    
    
    -________________(1) Audit fees consist of
    audit and review services, consents and review of documents filed with the SEC.(2) Audit-related fees
    consist of assistance and discussion concerning financial accounting and reporting
    standards and other accounting issues.(3) Tax fees consist of
    preparation of federal and state tax returns, review of quarterly estimated tax payments,
    and consultation concerning tax compliance issues.  Code of Ethics 
The Corporation has adopted a Code of Ethics that are designed to deter wrongdoing and to
promote honest and ethical conduct, full, fair, accurate, timely and understandable
disclosure in the Registrant's SEC reports and other public communications. The Code of
Ethics promotes compliance with applicable governmental laws, rules and regulations.   Section
16(a) Compliance
Section 16(a) of the Securities and Exchange Act of 1934 requires the Registrant's
directors and executive officers, and persons who own beneficially more than ten percent
(10%) of the Registrant's Common Stock, to file reports of ownership and changes of
ownership with the Securities and Exchange Commission. Copies of all filed reports are
required to be furnished to the Registrant pursuant to Section 16(a). Based solely on the
reports received by the Registrant and on written representations from reporting persons,
the Registrant was informed that its officers and directors have not filed all reports
required under Section 16(a).




SIGNATURES Pursuant to the
requirements of the Securities Exchange Act of 1934, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on the date
indicated. Date: September 26,
2007 **Veracity Management Global,
    Inc.**By:Michael
    Rideman, CEO and Co-Chairman/s/ Michael Rideman**Veracity Management Global,
    Inc.**By: Dr. Ronald L. Rideman, Vice President and
    Co-Chairman/s/ Dr. Ronald L. Rideman




Consolidated
Financial Statements for the years ended June 30, 2007 and 2006. Consolidated
    Financial Statements:Report of Independent
    Registered Public Accountant FirmReport of Independent
    Registered Public Accountant FirmBalance Sheets - June 30, 2007 and June 30,
    2006 (audited)
    22Statement of Operations - Years Ended
    June 30, 2007 and 2006
    23Statements of Cash Flows - Years
    Ended June 30, 2007 and 2006
    24Notes to Consolidated Financial Statements
    25




REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors
Veracity Management Global, Inc.
Coral Gables, Flordia We have audited the accompanying consolidated balance sheet of Veracity
Management Global, Inc. as of June 30, 2007 and the related consolidated statements of
operations, stockholders' equity (deficit) and cash flows for the year then ended. These
financial statements are the responsibility of Veracity's management. Our responsibility
is to express an opinion on these financial statements based on our audits. The financial
statements for the period December 2, 2005 (inception) through June 30, 2006, were audited
by other auditors whose reports expressed unqualified opinions on those statements. 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 Veracity as of June 30, 2007
and the results of its operations and cash flows for the periods described above in
conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming that
Veracity will continue as a going concern. As discussed in Note 2 to the financial
statements, Veracity has suffered recurring losses from operations which raises
substantial doubt about its ability to continue as a going concern. Management's plans
regarding those matters also are described in Note 2. The consolidated financial
statements do not include any adjustments that might result from the outcome of this
uncertainty. /s/ McElravy, Kinchen & Associates, PC www.McElravy.com
Houston, Texas September 25 , 2007




Report of Independent Registered Accounting Firms
    To the Board of Directors
    Veracity Management Global, Inc.
    (formerly Secured Financial Data, Inc.)
    Coral Gables, Florida
    We have audited the accompanying balance sheet of Veracity Management
    Global, Inc. as of June 30, 2006 and the related statements of operations,
    stockholders deficit and cash flows for the period from December 2, 2005 (inception)
    through June 30, 2006. These financial statements are the responsibility of
    Veracitys management. Our responsibility is to express an opinion on these financial
    statements based on our audits.
    We conducted our audit in accordance with standards of the Public
    Company Accounting Oversight Board (United States). Those standards require that we plan
    and perform the audit 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 audit provides 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
    Veracity as of June 30, 2006 and the results of its operations and its cash flows for the
    period described in conformity with accounting principles generally accepted in the United
    States of America.
    The accompanying financial statements have been prepared assuming that
    Veracity will continue as a going concern. As discussed in Note 2 to the financial
    statements, Veracity has suffered recurring losses from operations which raises
    substantial doubt about its ability to continue as a going concern. Managements
    plans regarding those matters also are described in Note 2. The financial statements do
    not include any adjustments that might result from the outcome of this uncertainty.
    /s/ Malone & Bailey, PCMalone & Bailey, PC
    www.malone-bailey.com
    Houston, Texas
    January 9, 2007




**VERACITY
    MANAGEMENT GLOBAL, INC.**(Formerly known as Secured Financial Data, Inc.)Consolidated Balance SheetsBack to Table of ContentsAs of June 30,
    2007 and 2006****
    
    **June 30, 2007**
    
    **June 30, 2006**AssetsCurrent assets:Cash
    $
    19,760
    $
    47,750Accounts receivable
    
    391,729
    
    5,234Total current assets
    
    411,489
    
    52,984Property and equipment, net
    of depreciation of $2,979 and $782
    
    7,239
    
    9,434Total assets
    $
    418,728
    $
    62,418Liabilities
    and Stockholders' DeficitCurrent liabilitiesAccounts payable
    and accrued expenses
    $
    85,166
    $
    49,656Accrued interest
    
    1,139
    
    5,371Line of credit
    payable
    
    131,350
    
    -Total current liabilities
    $
    217,655
    $
    55,027Long-term liabilitiesLoan payable
    
    14,965
    
    -Notes payable
    stockholder, less debt discount of $0 and $40,294, respectively
    
    182,209
    
    149,075Total
    long-term liabilities
    
    197,174
    
    149,075Total
    liabilities
    
    414,829
    
    204,102Stockholders' equity (deficit):Preferred stock,
    $0.001 par value, 5,000,000 shares authorized:none
    issued and outstanding
    
    -
    
    -Common stock,
    $0.001 par value, 3,500,000,000 shares authorized:36,805,895 and 19,047,685 shares issued and outstandingat June 30, 2007 and 2006, respectively
    
    36,806
    
    19,048Additional paid-in
    capital
    
    2,502,128
    
    276,703Accumulated deficit
    
    (2,535,035)
    
    (437,435)Total
    stockholders' equity (deficit)
    
    3,899
    
    (141,684)Total liabilities and stockholders' equity
    $
    418,728
    $
    62,418The accompanying
    notes to financial statements are integral part of these financial statements.




**VERACITY MANAGEMENT GLOBAL, INC.**(Formerly known as Secured Financial Data, Inc.)Consolidated Statements of OperationsFor
    the Year Ended June 30, 2007 and thePeriod
    from Inception Through June 30, 2006**From Inception****For the Year Ended**
    
    **(December 2, 2005) to******
    
    **June 30, 2007**
    
    **June 30, 2006**Revenues
    $
    1,676,283
    $
    9,434Cost of services
    
    1,050,504
    
    -Gross profit
    
    625,779
    
    9,434ExpensesAdministrative expenses
    
    239,451
    
    16,252General expenses
    
    2,019,621
    
    386,963Selling expenses
    
    306,872
    
    29,492Depreciation and amortization
    
    2,196
    
    782Net loss from operations
    
    1,942,361
    
    424,055Other income
    
    2,794
    
    -Total other income
    
    2,794
    
    -Interest expense
    
    57,572
    
    13,380Total other expenses
    
    57,572
    
    13,380Net loss
    $
    (1,997,139)
    $
    (437,435)Basic and
    diluted net loss per share
    $
    (0.06)
    $
    (0.02)Weighted
    average shares
    
    36,155,424
    
    18,710,185The accompanying
    notes to financial statements are integral part of these financial statements.




**VERACITY MANAGEMENT GLOBAL, INC.**(Formerly known as Secured Financial Data, Inc.)Statement of Changes in Stockholders'
    Equity (Deficit)Back to Table of ContentsFor the Period From Inception (December 2, 2005) Through June 30, 2007**Additional****Common Stock, $0.001 par value**
    
    **Paid-in**
    
    **Accumulated****Shares**
    
    **Amount**
    
    **Capital**
    
    **Deficit**
    
    **Total**Shares Issued
    at Inception
    18,642,685
    $
    18,643
    $
    48,346
    $
    -
    $
    66,989Shares issued for
    cash
    200,000
    
    200
    
    99,800
    
    -
    
    100,000Effect of
    beneficial conversion feature
    -
    
    -
    
    48,812
    
    -
    
    48,812Shares issued for
    services
    205,000
    
    205
    
    79,745
    
    -
    
    79,950Net loss
    -
    
    -
    
    -
    
    (437,435)
    
    (437,435)Balance at
    June 30, 2006
    19,047,685
    
    19,048
    
    276,703
    
    (437,435)
    
    (141,684)Recap shares old Kirshner
    899,860
    
    900
    
    (893)
    
    -
    
    7New shares issued at merger
    3,535,353
    
    3,535
    
    122,736
    
    (100,461)
    
    25,810Shares issued for cash
    930,735
    
    930
    
    473,070
    
    -
    
    474,000Shares issued for services
    13,392,262
    
    12,393
    
    1,630,512
    
    -
    
    1,642,905Net loss
    -
    
    -
    
    -
    
    (1,997,139)
    
    (1,997,139)Balance, June
    30, 2007
    36,805,895
    $
    36,806
    $
    2,502,128
    $
    (2,535,035)
    $
    3,899The
    accompanying notes to financial statements are integral part of these financial
    statements.




**VERACITY MANAGEMENT GLOBAL, INC.**(Formerly known as Secured Financial Data, Inc.)Consolidated Statements of Cash FlowsFor
    the Years Ended June 30, 2007 and 2006**From Inception****Year Ended**
    
    **(December 2, 2005) to******
    
    **June 30, 2007**
    
    **June 30, 2006**Cash flows from operating
    activities:Net loss
    $
    (1,997,139)
    $
    (437,435)Adjustments to
    reconcile net loss to net cash used in operating activities:Beneficial conversion feature and loss on debt restructuring
    
    40,250
    
    7,886Shares issued for services
    
    1,642,905
    
    79,950Depreciation and amortization
    
    2,197
    
    782(Increase) decrease
    in:Trade receivables
    
    (386,495)
    
    (5,234)Accounts payable and accrued expenses
    
    8,920
    
    55,027Net cash used in operating activities
    
    (689,362)
    
    (299,024)Cash flow from
    investing activities:(Increase)
    decrease in:Cash acquired in purchase business combination
    
    84,580Purchase of fixed
    assets
    
    -
    
    (10,216)Net cash used in investing activities
    
    84,580
    
    (10,216)Cash flows from financing
    activities:Proceeds from loans
    from stockholders
    
    60,000
    
    200,000Repayments of loans
    from stockholders
    
    (88,558)
    
    (10,000)Proceeds from line
    of credit
    
    131,350
    
    -Proceeds from sale
    of common stock
    
    474,000
    
    166,990Net cash provided by financing activities
    
    576,792
    
    356,990Net increase (decrease) in cash
    
    (27,990)
    
    47,750Cash - beginning of period
    
    47,750
    
    -Cash - end of
    period
    $
    19,760
    $
    47,750Supplemental cash flow
    informationCash paid for:Interest paid
    $
    -
    $
    -Income taxes paid
    $
    -
    $
    -Non-cash investing and financing
    activities
    $
    -
    $
    -The accompanying
    notes to financial statements are integral part of these financial statements.




**VERACITY
MANAGEMENT GLOBAL, INC.**  (Formerly known as Secured Financial Data, Inc.)NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS(Unaudited)  NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Organization and Business Operations Veracity Management Global, Inc. (the
Company, VCMG) was incorporated in the state of Delaware on April
7, 2000 under the name of Intertech Corporation. In 2000-2001, the Company issued shares
of its common stock pursuant to a public offering. The Company was a blank
check company seeking to raise capital to make acquisitions. It ceased operations in
2002. Later in 2002, it changed its name to Kirshner International, Inc., and in 2006 to
Veracity Management Global, Inc. The Company was inactive from 2002 through 2005. A merger
effective July 1, 2006 consolidated VCMG, Veracity Management Group, Inc and Secured
Financial Data, Inc. We are a high-technology consulting and professional
service company as well a BellSouth Authorized Agent. Specializing in Business Continuity
and Disaster Recovery Planning Processes and procedures created by Sarbanes-Oxley and
other recent government regulations; the company serves local and national businesses
needing these technology solutions. The company also provides collocation of
customers networks and telecom equipment. Through Best Practices and customized
innovative solutions, Veracity Management Group, Inc. (VMG), specializes in assisting
companies, (public and private), government, and universities worldwide to transition,
restructure and grow. VMG helps train management and staff to become and remain efficient,
within budget and operate profitably. We help businesses and organizations to
maintain survivorability for their physical and manual infrastructure under all
circumstances. VMG provides operational and strategic solutions through its multiple
service and product lines whether we project manage for the client or staff the
client. We provide transformation, staffing subcontracting services (i.e.
recruiting), business continuity and resumption services, strategic planning services,
regulatory compliance services, software development services, data management services,
business intelligence development services, integration services, ERP (Enterprise Resource
Planning Systems) implementation, and infrastructure services, (fiber Optic Cabling
design, installation, design and development of primary and redundant IT server
systems).VMG has an ISO division (Independent Sales Organization), for national and
international Merchant Processing Services.  Consolidation and Basis of Presentation The Company follows accounting principles generally accepted in the
United States of America. Certain prior period amounts have been reclassified to conform
to the June 30, 2007 presentation. On August 2, 2007, the Companys Board of
Directors approved a 1 for 73 reverse split of the Companys common stock by Action
of the Board and a majority of shareholders. All information related to common stock,
warrants to purchase common stock and earnings per share have been retroactively adjusted
to give effect to the stock split. In the opinion of management, all adjustments,
consisting of normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the interim periods presented have been
reflected herein. The consolidated financial statements include the accounts of Veracity
Management Global, Inc, Secured Financial Data, Inc and Veracity Management Group, Inc.
Any inter-company transactions are eliminated in consolidation.  Revenue Recognition Revenue is recognized when it is realized or realizable
and earned. VCMG considers revenue realized or realizable and earned when persuasive
evidence of an arrangement exists, services have been provided, and collectability is
reasonably assured. Revenue that is billed in advance such as recurring weekly or monthly
services are initially deferred and recognized as revenue over the period the services are
provided.  Use of Estimates The preparation of the financial statements in
conformity with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates. We believe our critical estimates are depreciation
rates, calculation of impairments, reserves established for receivables, income taxes and
contingencies.  Property and Equipment Property and Equipment is stated at cost less
accumulated depreciation and amortization. Depreciation of equipment and furniture and
fixtures is computed using the straight-line method over the related estimated useful
lives of the assets, ranging from two to five years. Amortization of leasehold
improvements is computed using the straight-line method over the lesser of the estimated
useful lives of the improvements or the terms of the related leases.  Fair Value of Financial Instruments Financial instruments, including cash, receivables,
accounts payable, and notes payable are carried at amounts which reasonably approximate
their fair value due to the short-term nature of these amounts or due to variable rates of
interest which are consistent with market rates. No adjustments have been made in the
current period.  Cash and Cash Equivalents For purposes of the statement of cash flows, the Company
considers all highly liquid investments purchased with an original maturity of three
months or less to be cash equivalents.  Income Taxes The Company accounts for income taxes under the
Financial Accounting Standards Board of Financial Accounting Standard No. 109,
"Accounting for Income Taxes" ("Statement 109"). Under Statement 109,
deferred tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax basis. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or settled. Under Statement
109, the effect on deferred tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the enactment date. There was no current
or deferred income tax expense or benefits for the periods ending June 30, 2007 and 2006.  Stock-based Compensation The Company accounts for stock-based employee
compensation arrangements using the fair value method in accordance with the provisions of
Statement of Financial Accounting Standards no.123(R) or SFAS No. 123(R), Share-Based
Payments, and Staff Accounting Bulletin No. 107,or SAB 107, Share-Based Payments.
The company accounts for the stock options issued to non-employees in accordance with the
provisions of Statement of Financial Accounting Standards no. 123, or SFAS No. 123, Accounting
for Stock-Based Compensation, and Emerging Issues Task Force No. 96-18, Accounting
for Equity Instruments with Variable Terms That Are Issued for Consideration other
Than Employee Services Under FASB Statement no. 123.The fair value of stock
options and warrants granted to employees and non-employees is determined using the
Black-Scholes option pricing model. The Company has adopted SFAS 123(R) and applied it in
the period presented. VCMG had one client that accounted for 45% of its revenue for the
year ended June 30, 2007; the same client had represented 65% of its total revenue for the
year ended June 30, 2006 (see see the un-audited Pro-Forma Statement of Operations in Note
8 of the audited financial statements).  Credit Risk and Concentrations VCMG does not require collateral from its customers with
respect to accounts receivable but performs periodic credit evaluations of such
customers financial conditions. VMG determines any required allowance by considering
a number of factors including lengths of time accounts receivable are past due and
VCMGs previous loss history. VCMG provides reserves for accounts receivable when
they become uncollectible, and payments subsequently received on such receivables are
credited to the allowance for doubtful accounts. As of June 30, 2007 and June 30, 2006,
VCMG has determined that no allowance for doubtful accounts is required. VCMG had one client that accounted for 45% of its revenue for the year
ended June 30, 2007; the same client had represented 65% of its total revenue for the year
ended June 30, 2006 (see see the un-audited Pro-Forma Statement of Operations in Note 8 of
the audited financial statements).  Loss per Common Share Basic and diluted net loss per share calculations are calculated on the
basis of the weighted average number of common shares outstanding during the year. The per
share amounts include the dilutive effect of common stock equivalents in years with net
income. Basic and diluted loss per share is the same due to the anti dilutive nature of
potential common stock equivalents.  Recent Accounting Pronouncements VCMG does not expect the adoption of recently issued accounting
pronouncements to have a significant impact on its results of operations, financial
position or cash flow.  NOTE 2- GOING CONCERN Veracity Management Global, Inc.s financial
statements have been prepared on a going concern basis, which contemplates the realization
of assets and settlement of liabilities and commitments in the normal course of business
for the foreseeable future. Since inception, the Company has accumulated losses
aggregating to $2,535,035 and has insufficient working capital to meet operating needs for
the next twelve months as of June 30, 2007, all of which raise substantial doubt about
VCMGs ability to continue as a going concern.  NOTE 3  COMMON STOCK TRANSACTIONS During the year ended June 30, 2007, VCMG sold 930,735 shares and 319,000 warrants
under private placement memorandums for $474,000. The warrants have an exercise price of
$1.00 per share and expire in five years from the date of issuance. Using the
black-scholes pricing model VCMG estimated the relative fair value of the warrants to be
$314,215. Prior to July 1, 2006, Secured Financial Data (See Note 8) sold certain units which
contained 100,000 warrants to purchase common stock at an exercise price of $1.0 per share
exercisable for five years from the date of issue. A total of 200,000 shares were issued
for $100,000. There were no registration right penalties that would be consider un-economic in either
private placement. During the year ending June 30, 2007 and 2006 stock issued for services representing
13,392,262 and 205,000 shares were authorized and granted. VCMG has recorded $1,642,904
and $79,950, respectively of additional general and administrative expense representing
the fair market value of the stock issued on the measurement date based upon the closing
quoted market price of VCMGs common stock. At inception 18,642,685 common shares were issued to the founders of SFD. NOTE 4  NOTES PAYABLE-STOCKHOLDERS On various dates in fiscal 2006 and 2007, two
stockholders lent the Company approximately $250,000, evidenced by promissory notes
bearing an interest rate of Prime plus 2.00% (10.25% at June 30, 2007) and due on May 31,
2009. In addition the notes are convertible to commonstock at any time at a conversion
rate of $0.50 cents per share. In addition, 200,000 Warrants have been granted at an
exercise price of $1.0 per share exercisable for 60 months from the date of the notes. As a result we have determined that the conversion feature of the notes and warrants
issued are not derivative instruments pursuant to SFAS No. 133, Accounting for Derivative
Instruments and Hedging Activities, as amended. Under the provisions of ETIF Issue 98-5
the Company estimated the intrinsic value of the beneficial conversion feature at the
issuance of the notes at $48,812. Those amounts are amortized over the life of the notes
using the effective interest method. The amount amortized in the period ended June 30,
2006 was $7,888. On June 1, 2007 the existing stockholder notes payable were refinanced; new notes of
approximately $182,000 (representing unpaid principal and accrued interest as of the
refinance date) were issued; the interest rate and maturity dates remain the same. The new
notes do not provide a conversion feature; there is no remaining discount at June 30, 2007
as the remaining discount has been expensed as a component of interest expense. All of the
notes are considered long term as principal payments are not due during the next 12
months.  NOTE 5  CREDIT FACILITY In December 2006, the Company entered into a secured
$100,000 credit facility with a bank to finance working capital. In May 2007 the secured
facility was increased to $200,000. The loans under this facility bear interest at a rate
of 10.25 percent and are secured by certificates of deposit owned by an entity controlled
by the CEO and his wife. Interest payments are made on a monthly basis; principal is due
at maturity  May 8, 2008. In July 2007 the facility was increased again to $400,000;
$200,000 is secured and $200,000 is unsecured. The maturity date was extended to July 23,
2008, all other terms remain the same. The balance of the credit facility at June 30, 2007
is $131,350.  NOTE 6  INCOME TAXES Deferred taxes relating to the tax benefit the Companys net
operating loss was offset by a valuation allowance due to the uncertainty of profitable
operations in the future. Also, as a result of the Companys change of control in
early fiscal 2007, the net operating losses which can be utilized each year will be
limited under the provisions of Sections 382 and 383 of the Internal Revenue Code of 1986,
as amended. The Company generated an NOL of approximately $314,000 during the year ended
June 30, 2007 set to expire beginning in the year ended June 30, 2027.  NOTE 7- STOCK BASED COMPENSATION The Company had granted warrants to purchase the common stock of the
Secured Financial Data, Inc, a subsidiary as part of the private placement memorandum
discussed in Note 3 above. In addition it granted warrants as part of the convertible
notes payable to stockholders as described in Note 4 above. **Warrants**
    
    **Weighted Average****Issued
    ***
    
    **Exercise
    Price**Balance as of June 30, 2004
    
    0
    
    N/AGranted
    
    0Forfeited
    
    0Exercised
    
    0Balance as of June 30, 2005
    
    0Granted
    
    300,000
    
    $0.83Forfeited
    
    0Exercised
    
    0Balance as of June 30, 2006
    
    300,000
    
    $0.83Granted
    
    319,000
    
    $1.00Forfeited
    
    0Exercised
    
    0Balance as of June 30, 2007
    
    619,000
    
    $0.92* Adjusted to reflect the reverse
    stock split discussed in note 9.
  NOTE 8- BUSINESS COMBINATION The information below includes the reflection of the
reverse merger discussed in note 9 below: On July 1, 2006, Veracity Management Global, Inc, (VCMG) merged with
Veracity Management Group, Inc. (VMG) and Secured Financial Data, Inc. (SFD). Pursuant to
a Share Exchange Agreement, VCMG issued 22,583,038 shares of common stock in exchange for
all the outstanding common stock of VMG(3,535,353 shares) and SFD (19,047,685 shares). For accounting purposes, the merger was treated as a recapitalization of
VCMG by SFD and a purchase of VMG by VCMG. Accordingly, the financial results presented
for all periods prior to the merger date are those of SFD. This evaluation was conducted
pursuant to the guidance in FASB statement number 141 as the former SFD shareholders have
majority control of VCMG subsequent to the merger through majority voting interest,
control the majority of the board of directors, and control the majority of all management
decisions. VMG is a wholly owned subsidiary. SFDs equity structure was restated to
adopt the equity structure of VCMG. (73 shares of VCMG for each share of VMG and SFD). As
of the merger date, the financial statements include the combined operatingresults,
assets and liabilities of VCMG, VMG and SFD. Since VCMG was inactive prior to the merger,
it is not expected to constitute a significant part of the ongoing business of the
combined company. VCMG issued a total of 22,583,038 shares of common stock as a result of
the above transactions. 3,535,353 shares were issued to the shareholders of VMG resulting
in total assets and liabilities of $130,804 and $49,159, respectively, at July 1, 2006.
19,047,685 shares were issued to the shareholders of SFD resulting in total assets and
liabilities of $62,418 and $204,102, respectively, at July 1, 2006. As a result of the
recapitalization, SFDs assets and liabilities are stated at historical cost. As a
result of the business combination between VCMG and VMG, VMGs assets and liabilities
are stated at fair market value which approximates historical cost. The purchase price paid for VMG was $25,810. This represented a discount
to the book value of VMG of $55,827. Pursuant to the terms of the agreement the majority
shareholders of VCMG immediately prior to the merger have the option to receive an
additional 20% equity ownership in VCMG or rescind the merger if certain financial
benchmarks are not achieved by December 31, 2008. Consistent with the guidance in FASB
statement number 141 we have recorded a liability of $55,837 for the discounted price paid
for VMG due to this possible contingency. Since the above transactions took place on July 1, 2006 the first day of
fiscal 2007, the financial results presented for the 12 month period ended June 30, 2007
would not differ had the transaction occurred at an earlier date. The illustration below
presents a pro-forma of the combined entities as and for the 12 month period ended June
30, 2006 as if the transaction had occurred on July 1, 2005. The illustration below does
not reflect the reverse stock split discussed in Note 9 below. Pro-Forma Balance Sheet
June 30, 2006
(Unaudited) **SFD**
    
    **VMG**
    
    **VCMG**
    
    **Pro-Forma Entries**
    
    **Consolidated**Current Assets
    52,984
    
    130,804
    
    7
    
    -
    
    183,795-Property, Plant and Equipment
    9,434
    
    -
    
    -
    
    -
    
    9,434TOTAL ASSETS
    62,418
    
    130,804
    
    7
    
    -
    
    193,229Accounts Payable and Accrued
    Liabilities
    55,027
    
    31,194
    
    -
    
    -
    
    86,221Current Liabilities
    55,027
    
    31,194
    
    -
    
    -
    
    86,221Debt
    149,075
    
    17,965
    
    -
    
    -
    
    167,040TOTAL LIABILITIES
    204,102
    
    49,159
    
    -
    
    -
    
    253,261Common Stock
    19,048
    
    109,656
    
    65,705
    
    1,196,072
    (a)
    1,390,481Additional Paid In Capital
    276,703
    
    -
    
    3,073,718
    
    (3,350,421)
    (b)
    -Retained Earnings /(Deficit)
    -
    
    -
    
    (2,729,661)
    
    2,154,349
    (c)
    (575,312)Equity
    295,751
    
    109,656
    
    409,762
    
    -
    
    815,169Net loss
    (437,435)
    
    (28,011)
    
    (409,755)
    
    -
    
    (875,201)TOTAL EQUITY
    (141,684)
    
    (81,645)
    
    (7)
    
    -
    
    (60,032)TOTAL LIABILITIES AND EQUITY
    $(62,418)
    
    $(130,804)
    
    $(7)
    
    -
    
    $(193,229)  (a) To reflect the common stock VMG and VCMG after as a result of
the business combination & recapitalization.
(b) To adjust APIC to zero as a result on entry a) & c).
(c) To adjust the total retained deficit for the effect of entry a) & b) and to remove
the retained deficit of VCMG. Pro-Forma Statement of Operations
For the twelve month period ended June 30, 2006
(Unaudited) **SFD**
    **VMG**
    **VCMG**
    **Pro-Forma Total**Revenues
    $9,434
    $1,390,711
    $ -
    $ 1,400,145Cost of Sales
    -
    603,402
    -
    603,402ExpensesSelling, General and
    Administrative
    352,757
    789,639
    5
    1,142,401Shares issued for
    Services
    79,950
    -
    409,750
    489,700Other Expenses
    -
    24,629
    -
    24,629Depreciation
    782
    -
    -
    782Total Expenses
    433,489
    814,268
    409,755
    1,657,512Interest Expense
    13,380
    1,052
    -
    14,432Net Income (Loss)
    $ (437,435)
    $ (28,011)
    $ (409,755)
    $ (875,201)Earnings Per Share
    Calculation
    
    
    
    $ (0.00)Weighted Average Shares
    
    
    
    1,390,481,005  NOTE 9- SUBSEQEUNT EVENTS On July 31, 2007, the Companys Board of Directors
authorized the cancellation of 5,267,675 shares of common stock for lack of consideration.
These shares were previously accounted for as shares issued for services. No adjustment to
the current period financial statements have been made as a result of this transaction. On August 2, 2007, the Companys Board of Directors
approved a 1 for 73 reverse split of the Companys common stock by Action of the
Board and a majority of shareholders. All information related to common stock, warrants to
purchase common stock and earnings per share have been retroactively adjusted to give
effect to the stock split.