SOURCE: Integrated Management Information (IMI Global)

October 10, 2007 14:18 ET

Superior Livestock Completes Largest Video Auction in History Using IMI Global's Age and Source Verification Process

30% of Eligible Calves Were Age and Source Verified, Indicating a Growing Industry Trend Towards Third Party Verification

CASTLE ROCK, CO--(Marketwire - October 10, 2007) - Integrated Management Information, Inc. (IMI Global) (OTCBB: INMG), a leading provider of verification and Internet solutions for the agricultural/livestock industry, today announced that 30% of eligible calves at Superior Livestock's largest ever video cattle auction were age and source verified. Of the record 320,000 animals sold at auction, 250,000 calves were eligible for age and source verification and 75,000, or 30%, participated in that process -- strong evidence of growing industry recognition of the value of third party verification.

Superior Livestock Auction, based in Fort Worth, TX, is the nation's leader in marketing load-lots of cattle via satellite and Internet video auction, handling almost two million head of cattle annually. IMI Global has been working with Superior since March 2006 to implement age and source verification processes -- branded Superior Verified -- to give participating cattle producers access to third party verification of their cattle -- a designation that can earn producers significant premiums at auction and that makes cattle eligible for export to Japan and other markets.

Jim Kelley, Business Manager of Superior Livestock Auction, said, "We selected IMI Global as the lead partner on this project because we needed third party verification from a market leader who truly understands the verification business. IMI Global responded by developing an excellent USDA Process Verified Program that met our specific needs and those of our participating cattle producers." Kelley said the 320,000 cattle sold during the six-day auction were 50,000 more than the previous record, adding, "The interest in source and age verification has tripled over last year, and Superior Verified is the number one choice of Superior consigners."

"We are pleased to have played a part in Superior Livestock's record-breaking auction," said Leann Saunders, VP of IMI Global. "By implementing Superior Verified for participating cattle producers, Superior Livestock Auction strengthened its commitment to providing the most advanced video auction service available in the nation. At the same time, it reinforced IMI Global's reputation for providing leading edge verification and identification services to leading players in the livestock industry. There is definitely a distinctive and lucrative market developing for livestock with third party verified credence attributes. We look forward to strong growth in both customers and products in the third year of our partnership with Superior."

IMI Global works with many of America's leading meat industry supply chains, helping them build consumer confidence and enable brand differentiation. IMI has helped these agribusinesses build and audit USDA verification programs. In some instances these programs are mandatory for export markets.

About IMI Global

Founded in 1995, IMI Global is a leading provider of verification and Internet solutions for the agricultural/livestock 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 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 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 the impact and efficacy of, and demand for, the Company's products and services are forward-looking statements. 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.

Contact Information

  • Company Contacts:

    Leann Saunders
    Vice President IMI Global
    303-895-3002

    Jay Pfeiffer
    Pfeiffer High Investor Relations, Inc.
    303-393-7044