SOURCE: Integrated Management Information (IMI Global)

Integrated Management Information (IMI Global)

November 12, 2010 09:00 ET

Integrated Management Information (IMI Global) Updates Third Quarter Outstanding Share Count and EPS Results

CASTLE ROCK, CO--(Marketwire - November 12, 2010) - 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 a correction to its weighted average outstanding share count for the third quarter and nine-month period that lifted third quarter earnings per share to $0.01.

The corrected information, which is contained in the Company's Form 10Q, is included in the following net income summary:

                         Three months ended           Nine Months Ended
                           September 30,               September 30,
                         2010          2009          2010          2009
                     -----------   -----------   -----------   -----------

Net income (loss)    $   105,517   $    70,396   $   211,701   $   (42,317)
                     ===========   ===========   ===========   ===========
Net income (loss)
 per share:
Basic                $      0.01   $         -   $      0.01   $         -
                     ===========   ===========   ===========   ===========
Diluted              $      0.01   $         -   $      0.01   $         -
                     ===========   ===========   ===========   ===========
Weighted average
 shares
 outstanding:
Basic                 20,863,573    20,868,481    20,845,714    20,868,859
                     ===========   ===========   ===========   ===========
Diluted               20,883,133    20,996,910    20,864,238    20,868,859
                     ===========   ===========   ===========   ===========

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 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.

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 profitability 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 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