SOURCE: Integrated Management Information (IMI Global)

March 25, 2008 08:51 ET

IMI Global Selected by Western Video Market Satellite Cattle Auctions as a Preferred Partner for Source and Age Verification

IMI Now Provides Verification Services for Two Largest Satellite Auction Companies

CASTLE ROCK, CO--(Marketwire - March 25, 2008) - Integrated Management Information, Inc. (IMI Global) (OTCBB: INMG), a leading provider of verification and Internet solutions for the agricultural/livestock industry, today announced it has been selected by Western Video Market Satellite Cattle Auctions (WVM) as an option to provide age and source verification for eligible calves at WVM's auctions. The new customer gives IMI Global the two largest satellite video auction companies in the nation, which together handle more than 75% of all video auction cattle.

WVM is the nation's second largest provider of satellite video cattle auctions, selling nearly 500,000 head of cattle annually from 15 Western states. The largest provider has been an IMI Global customer since 2006. Together, these video auctions sell more than 2 million head of cattle annually via satellite auctions throughout the year.

Brad Peek, general manager of WVM, said, "Western Video Market is excited to provide our consignors the choice in using IMI Global as their source and age verification supplier. We feel having cattle verified by a third party organization will bring added profits to our customers."

Under the new agreement, IMI Global offers participating cattle producers access to third party verification of their cattle -- a designation that can earn producers premiums at auction and that makes cattle eligible for export to Japan and other markets. IMI Global is the nation's preferred provider of such services, counting as customers thousands of cattle producers as well as feed yards and packers.

"WVM is a large and well-respected video auction organization and we are proud to have been selected as a preferred provider of third-party verification services," said John Saunders, president and CEO of IMI Global. "In addition to clearing cattle for overseas sales, our value-added service has proven very effective in helping producers increase the sale price of their cattle -- sometimes by as much as $10 to $30 per head."

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 growth, profitability, potential, leadership, 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.

Contact Information

  • Company Contacts:

    John Saunders
    Chief Executive Officer
    303-895-3002

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