Integrated Management Information (IMI Global) Reports Record Second Quarter and 6-Month Financial Results

SOURCE: Integrated Management Information (IMI Global)

CASTLE ROCK, CO–(Marketwire – August 11, 2010) – Integrated Management Information, Inc.
(IMI Global) (OTCBB: INMG)

-- Revenue up 24% in second quarter, 32% for six-month period

-- Net income improves in both Q2 and six-month period

-- Improved balance sheet with higher cash and working capital balances

Integrated Management Information, Inc. (IMI Global) (OTCBB: INMG), a
leading provider of verification and Internet solutions for the
agricultural/livestock industry under the Where Food Comes From® brand,
today announced record financial results for its second quarter and six
month period ended June 30, 2010.

The Company reported revenue of $799,100 in the second quarter, up 24% from
revenue of $645,900 in the second quarter last year. It was IMI Global’s
highest-ever quarterly revenue total. Revenue from verification services,
which includes the company’s flagship USVerified™ solution, increased
20% to $652,600 from $542,400 a year ago due in part to higher demand for
the Company’s US Verified Non Hormone Treated Cattle (NHTC) solution.
Hardware revenue consisting primarily of cattle identification tags
increased 51% in the second quarter to $146,600 from $97,000 in the same
period a year ago. Gross margin in the second quarter remained relatively
flat at 54% of revenue.

Selling, general and administrative expense in the second quarter increased
23% to $359,700 from $293,200. This increase was directly attributable to
investments in the Company’s Where Food Comes From® program, specifically
in marketing and advertising campaigns designed to raise industry and
consumer awareness of the Where Food Comes From brand. Where Food Comes
From is a unique program that directly connects consumers with the food
supply chain in a way that fosters confidence at the point of purchase
through an unprecedented level of transparency. The program uses U.S.
Department of Agriculture (USDA) Process Verified Programs (PVP) to
validate marketing claims. Participating suppliers are then able to market
their food products with the WhereFoodComesFrom seal to offer consumers an
added level of confidence in the product’s attributes. For more
information go to

The Company reported record second quarter net income of $65,600, a 33%
increase over net income of $49,300 in the same quarter last year.

Revenue for the first six months of 2010 increased 32% to $1,479,300 from
$1,123,200 in the same period last year. It was highest first half revenue
total in the Company’s history and was attributed to strong demand for US
Verified solutions, particularly NHTC and supply chain coordination
services. Verification revenue increased 29% to $1,226,900 from $955,000
in the first half last year. Hardware revenue in the first half grew by
62% to $252,400 from $156,100 in the same period last year. Gross margin
in the first half improved more than 7 basis points to 56% of revenue from
49% of revenue a year ago.

Selling, general and administrative expense in the first half grew by 10%
to $712,400 from $649,500 — an increase that was fully attributable to the
aforementioned second quarter investments in Where Food Comes From.

The Company reported net income of $106,200 in the first half compared with
a net loss of $112,700 in the same period last year. It was IMI Global’s
first profitable first half as a public company. EPS through six months
was $0.01 per basic and diluted share versus a net loss of $0.01 per basic
and diluted share a year ago.

IMI Global generated $157,200 in cash from operations in the first half of
2010, a positive swing of $211,000 over the same period last year. Cash
and cash equivalents at mid-year were $298,800, up from $214,300 at
December 31 year end. Working capital was $341,800, up from $274,600 in
the first quarter.

“Our ability to post record second quarter and six month financial results
in what remains a very challenging economy is a testament to the strength
of our solutions portfolio and the energy and commitment of our entire
team,” said John Saunders, CEO of IMI Global. “In addition to reporting
our highest ever revenue, we reported record profitability in spite of
making significant investments in Where Food Comes From, a program we
believe can become a major new source of revenue and profits for IMI
Global. At the same time, we continued to strengthen our balance sheet,
enhance our core verification business and expand our customer base, and we
are looking forward to continuing our momentum into the second half of the

About IMI Global

Founded in 1995, IMI Global is a USDA Process Verified (PVP) company and is
a leading provider of verification and Internet solutions for the
agriculture industry. Go to for additional information.
IMI has worked with some of the largest agricultural organizations in the
United States, providing web-based applications for verification and
identification as well as a range of consulting services tailored to meet
each customer’s needs.


This news release contains “forward-looking statements” within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995, based on
current expectations, estimates and projections that are subject to risk.
Forward-looking statements are inherently uncertain, and actual events
could differ materially from the Company’s predictions. Important factors
that could cause actual events to vary from predictions include those
discussed in our SEC filings. Specifically, statements in this news
release about growth, profitability, potential, leadership, momentum, the
demand for, and impact and efficacy of, the Company’s products and services
on the marketplace are forward-looking statements that are subject to a
variety of factors, including availability of capital, personnel and other
resources; competition, governmental regulation of the beef industry, the
market for beef and other factors. In addition, financial results for the
twelve-month periods are not necessarily indicative of future results.
Readers should not place undue reliance on these forward-looking
statements. The Company assumes no obligation to update its
forward-looking statements to reflect new information or developments. For
a more extensive discussion of the Company’s business, please refer to the
Company’s SEC filings at

Integrated Management Information, Inc.
Statements of Operations

                           Three months ended         Six Months Ended
                                 June 30,                  June 30,
                            2010         2009         2010         2009
                        -----------  -----------  -----------  -----------

Revenues                $   799,130  $   645,880  $ 1,479,313  $ 1,123,205
Costs of revenue            365,648      294,393      644,389      573,489
                        -----------  -----------  -----------  -----------
Gross profit                433,482      351,487      834,924      549,716
Selling, general and
 administrative expenses    359,710      293,168      712,393      649,475
Gain on sale of equipment         -            -            -       (4,000)
                        -----------  -----------  -----------  -----------
Income (loss) from
 operations                  73,772       58,319      122,531      (95,759)
Other expense (income):
Interest expense              8,576        9,187       17,045       17,348
Other income, net              (408)        (133)        (698)        (394)
                        -----------  -----------  -----------  -----------
Income (loss) before
 income taxes                65,604       49,265      106,184     (112,713)
Income taxes                      -            -            -            -
                        -----------  -----------  -----------  -----------
Net income (loss)       $    65,604  $    49,265  $   106,184  $  (112,713)
                        ===========  ===========  ===========  ===========
Net income (loss) per
Basic                   $         -  $         -  $      0.01  $     (0.01)
                        ===========  ===========  ===========  ===========
Diluted                 $         -  $         -  $      0.01  $     (0.01)
                        ===========  ===========  ===========  ===========
Weighted average shares
Basic                    20,825,461   20,868,481   20,825,775   20,869,050
                        ===========  ===========  ===========  ===========
Diluted                  20,845,517   20,956,251   20,843,848   20,869,050
                        ===========  ===========  ===========  ===========

Integrated Management Information, Inc.
Balance Sheets
                                                 June 30,     December 31,
                                                   2010           2009
                                               ------------   ------------
Current Assets:
Cash and cash equivalents                      $    298,823   $    214,329
Accounts receivable, net                            179,740        204,596
Prepaid expenses and other current assets            49,603         65,695
                                               ------------   ------------
Total current assets                                528,166        484,620
Property and equipment, net                         132,145        134,035
Intangible assets, net                               17,593            655
                                               ------------   ------------
Total assets                                   $    677,904   $    619,310
                                               ============   ============

Current liabilities:
Accounts payable                               $    151,398   $    161,049
Accrued expenses and other current liabilities       23,734         51,115
Short-term debt and current portion of notes
 payable                                             11,242          8,467
                                               ------------   ------------
Total current liabilities                           186,374        220,631
Notes payable and other long-term debt              346,366        360,871
Stockholders' equity:
Preferred stock                                           -              -
Common stock                                         20,984         20,929
Additional paid-in capital                        3,394,288      3,387,130
Treasury stock                                      (26,185)       (20,144)
Accumulated deficit                              (3,243,923)    (3,350,107)
                                               ------------   ------------
Total stockholders' equity                          145,164         37,808
                                               ------------   ------------
Total liabilities and stockholders' deficit    $    677,904   $    619,310
                                               ============   ============

Company Contacts:

John Saunders
Chief Executive Officer

Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.

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