Contact Information: Company Contacts: John Saunders Chief Executive Officer 303-895-3002 Jay Pfeiffer Pfeiffer High Investor Relations, Inc. 303-393-7044
IMI Global Announces Stock Buyback Plan
CASTLE ROCK, CO--(Marketwire - January 7, 2008) - Integrated Management Information, Inc.
(IMI Global) (OTCBB : INMG ), a leading provider of verification and Internet
solutions for the agricultural/livestock industry, today announced that the
Company intends to buy back up to one million shares of its common stock
from the open market over the first six months of 2008.
John Saunders, president and CEO, said, "Management and the board of
directors believe our shares represent an excellent value at current
trading levels. Our intention is to make open market purchases from time
to time at prices we believe to be advantageous to the Company and our
shareholders. IMI Global has demonstrated solid, steady growth as a public
company and foresees continued growth and progress in 2008 as we roll out
new products and services and continue to expand our core offerings. We
continue to be a leader and an aggressive innovator in an exciting growth
industry. For a variety of reasons our share price has not reflected our
revenue growth and improving bottom line, and this has created an
opportunity for the Company to buy stock at very attractive levels."
About IMI Global
Founded in 1995, IMI Global is a leading provider of verification and
Internet solutions for the agriculture industry. Go to 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 www.CattleNetwork.com, an online service offering market
information and industry news to the cattle industry, and
www.CattleStore.com, an online source for livestock supplies, such as
animal identification, medical equipment and veterinarian supplies.
Additional IMI web sites include www.USVerified.com, www.AgNetwork.com and
www.PetSupplyVerified.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 the value of the Company's stock, plans to purchase stock on
the open market, growth, profitability, potential, the 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 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 www.sec.gov.