Selected Highlights: * Full year 2006 revenue increases 60.8% to $1.5 million * Fourth quarter revenue up 14.9% to $460,100 * Gross margin increases in both fourth quarter and full year * USVerified(TM) solutions revenue up 21% for year * CattleNetwork.com revenue up 146% for year on growth in all traffic categories * CattleStore.com and ID tag sales up 186% for year CASTLE ROCK, Colo., Feb. 20 /PRNewswire-FirstCall/ -- Integrated Management Information, Inc. (IMI Global) (OTC:INMG) (BULLETIN BOARD: INMG) , a leading provider of verification and Internet solutions for the agricultural/livestock industry, today announced record revenue for its fourth quarter and full year ended December 31, 2006. Fourth Quarter Results Revenue increased nearly 15% to $460,100 in the fourth quarter as compared with $400,559 in the same quarter last year. The Company had sequential revenue growth in each quarter of 2006. This continued revenue growth was attributed to strength in the Company's three complementary revenue streams, including USVerified verification and identification services, advertising on CattleNetwork and product sales through CattleStore and direct channels. Gross profit in the fourth quarter increased to $227,345, up sequentially from $173,288 in the third quarter and from $167,449 in the same quarter a year ago. USVerified services and advertising revenue were the key drivers of higher margins. Selling, general and administrative expense increased 76.4% to $664,964 from $376,901 in the comparable fourth quarter due to overall growth of the Company's infrastructure, including significant investments in personnel, as well as legal, accounting and other costs associated with "going public" activities. Included in the SG&A category was $170,036 in non-cash stock-based compensation charges. Net loss in the fourth quarter was $441,802, or $0.02 per share, versus a net loss of $213,947, or $0.01 per share, in the same quarter last year. "We are pleased with our continued strong revenue trends in both the fourth quarter and full year," said John Saunders, president and CEO. "As anticipated, all three of our revenue streams showed strong growth in 2006, and we entered 2007 with solid momentum and expectations for another year of positive revenue growth. Our progress is due largely to our unique, diversified product and service mix that appeals to virtually every aspect of the cattle industry -- from verification and identification of cattle to providing wide-ranging news and information via one of the industry's most highly visited Web sites -- CattleNetwork.com -- to our growing online livestock supplies store -- CattleStore.com. IMI Global has established itself as a one-stop-shop for many major aspects of the cattle industry, and we believe our best years are ahead of us. "We anticipate continued year-over-year growth in our verification and identification business, which is widely recognized throughout the industry for its innovative programs that reassure consumers and drive premiums for cattle at auction," Saunders added. "Additionally, increasing traffic and transaction counts in both of our online businesses are creating value for our advertisers, customers and shareholders. We intend to leverage our success with CattleNetwork to launch new, innovative online services in 2007 and beyond." Full Year Results Revenue for the 12 months ended December 31, 2006, grew to $1,539,933, up 60.8% from $957,894 in 2005. In addition to growth in all three of its revenue segments in 2006, IMI Global benefited from 12 full months of revenue from its Internet operations versus seven months in 2005. Gross profit in 2006 increased 79% to $758,439 from $423,736 a year ago, and gross margin percentage increased to 49.3% from 44.2% for the corresponding periods. Selling, general and administrative expense increased 62.8% to $2,302,248 from $1,414,007. Again, this increase was attributable to accelerated investments in the USVerified business, expansion of the Company's Internet operations, a significant increase in expenses associated with "going public" activities, and non-cash share-based compensation expense, which grew to $353,410 from $30,000. The Company reported a net loss for the full year of $1,559,042, or $0.08 per share, versus a net loss of $1,027,972, or $0.04 per share, in 2005. Saunders provided the following 2006 operational highlights: Verification and Identification Services * The Company's USVerified(TM) solutions generated $854,763 in revenue in 2006, up 21% over $704,968 in 2005. IMI's solutions are now used by more than 1,500 ranchers, 100 feed yards and three of America's largest meatpackers. These patent-pending solutions provide ranchers, feed yards, packers, processors and retailers with livestock verification and identification services that are critical to building consumer confidence in meat products and to achieving a premium on cattle at auction. * In addition to marketing its verification/identification programs directly to ranchers, feed yards and meatpackers, the Company recently partnered with Farmers & Ranchers Livestock Commission, the largest cattle sale barn in Kansas, to offer the first independent QSA (Quality Systems Assessment) program for a live sale barn. IMI Global is targeting other large sale barns as potential channel partners. * Late in 2006 IMI Global received USDA approval of its Non-Hormone Treated Cattle (NHTC) umbrella program that allows beef from U.S. cattle to qualify for export to the European Union. The NHTC program is an important addition to the Company's services portfolio, further distinguishing IMI Global from its competition. * Underscoring IMI Global's growing leadership position in verification and identification, the Company's executives recently were selectively included in a discussion on current animal ID and traceability programs during a forum that included USDA Undersecretary for Marketing and Regulatory Programs Bruce Knight, as well as other leading industry representatives, including U.S. Meat Export Federation CEO Phil Seng. Undersecretary Knight is focused on moving voluntary animal identification and marketing programs forward. CattleNetwork.com * CattleNetwork.com, the Company's popular online source of news and information on the cattle industry, had a record-breaking year of performance in 2006. Advertising revenue grew 146% to $239,732 for the year from $97,303 in 2005. The Company added several new, major sponsors during 2006 and now has more than 20 sponsors who regularly advertise their products and services on CattleNetwork. * More than 1.2 million unique visitors, up 108% from 577,000 in 2005. More than 400,000 repeat visitors since March 2005. * Page views increased by 207% to 18.1 million from 5.9 million a year ago. * 26% increase in visit duration, to 23 minutes from 18.3 minutes. * The Company continues to expand CattleNetwork's appeal by upgrading the site with new features and benefits both for sponsors and visitors. CattleStore.com and Product Sales * Total product sales increased by 186% to $445,438 in 2006 from $155,623 a year ago. This improvement was attributed to increases in both CattleStore sales and direct sales of cattle identification tags in conjunction with the provision of USVerified solutions. CattleStore sales increased 579% to $155,671 from $22,915, while ID tag sales increased 118% to $289,767 from $132,708. About IMI Global Founded in 1995, IMI Global is a leading provider of verification and Internet solutions for the agricultural/livestock industry. Go to http://www.imiglobal.com/ 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. IMI operations include CattleNetwork.com, an online service offering market information and industry news to the cattle industry, and CattleStore.com, an online source for livestock supplies, such as animal identification, medical equipment and veterinarian supplies. Additional IMI web sites include USVerified.com, SupplyVerified.com, and AgNetwork.com. CAUTIONARY STATEMENT 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, building value, the impact and efficacy of the Company's products and services on the marketplace, and leveraging the USVerified brand, 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 three and nine-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 http://www.sec.gov/. Integrated Management Information, Inc. Condensed Statements of Operations (Unaudited) Three months ended Twelve months ended December 31, December 31, 2006 2005 2006 2005 Revenues $460,100 $400,559 $1,539,933 $957,894 Cost of sales 232,755 233,110 781,494 534,158 Gross profit 227,345 167,449 758,439 423,736 Selling, general and administrative expense 664,964 376,901 2,302,248 1,414,007 Loss from operations (437,619) (209,452) (1,543,809) (990,271) Other income (expense): Interest income 2,861 1,248 9,068 3,173 Interest expense (7,044) (5,743) (24,301) (40,874) Net other expense (4,183) (4,495) (15,233) (37,701) Loss before income taxes (441,802) (213,947) (1,559,042) (1,027,972) Income taxes -- -- -- -- Net loss $(441,802) $(213,947) $(1,559,042) $(1,027,972) Loss per share $(0.02) $(0.01) $(0.08) $(0.04) Average shares outstanding 18,169,438 24,294,608 18,885,183 23,300,069 Integrated Management Information, Inc. Condensed Balance Sheets (Unaudited) December 31, December 31, 2006 2005 ASSETS Current Assets: Cash and cash equivalents $230,539 $684,833 Accounts receivable, net 178,159 241,304 Inventory 14,185 9,771 Prepaid expenses 33,435 -- Total current assets 456,318 935,908 Restricted cash: Cash restricted for purchase of treasury stock -- 421,664 Cash restricted for payment of line of credit 50,000 50,000 Total restricted cash 50,000 471,664 Property and equipment: Equipment and furniture 115,409 99,514 Accumulated depreciation (83,792) (65,739) Property and equipment, net 31,617 33,775 Other assets: Intangible assets, net 46,633 67,564 Goodwill 418,208 418,208 Total other assets 464,841 485,772 Total assets $1,002,776 $1,927,119 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Notes payable $156,622 $100,000 Accounts payable 206,466 178,847 Accrued expenses 8,287 11,183 Deferred revenues 10,820 46,556 Total current liabilities 382,195 336,586 Notes payable 350,000 350,000 Stockholders' equity (deficit): Common stock 27,024 25,405 Additional paid-in capital 4,315,571 2,243,100 Treasury stock (1,485,000) -- Retained (deficit) (2,587,014) (1,027,972) Total shareholders' equity 270,581 1,240,533 Total liabilities and shareholders' equity $1,002,776 $1,927,119 DATASOURCE: Integrated Management Information, Inc. CONTACT: John Saunders, Chief Executive Officer of Integrated Management Information, Inc., +1-303-895-3002; or Jay Pfeiffer of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for Integrated Management Information, Inc. Web site: http://www.imiglobal.com/

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