Contact Information: Company Contacts: John Saunders Chief Executive Officer 303-895-3002 Jay Pfeiffer Pfeiffer High Investor Relations, Inc. 303-393-7044
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.