Company Info
Innovativ Media Group Inc
Sector:
INDUSTRY GROUPING:
N/A
Description:
Integrated Management Information, Inc. was incorporated in 1998 as a Missouri Corporation. In March, 2005, the Company reincorporated in Delaware and in April 2006, it redomiciled to Colorado. The Company is a provider of verification and communication solutions in the agricultural and livestock industry. To its customers, IMI Global provides it's owned and operated online properties and services which focus on identification and traceability, process, production practice and supply verification, document control for USDA verification programs and third party auditing services. The Company applies information technology to the agriculture, livestock and food industry by addressing the growing importance of marketing claims such as: source of origin information, genetic background, animal treatment, animal health history, animal age, animal movements, nutrition, carbon credits and other credence attributes. IMI Global solutions provide assurance regarding those claims made that cannot be confirmed by visual inspection once the product reaches the meat case and is marketed to the consumer. The Company has developed a range of proprietary web based applications, consulting methodologies, auditing processes, and other services to allow the livestock and food industry to record, manage, report, and audit this information. Its solutions help the customers establish its own systems, meet government regulations, create their own premium brand identity, gain cost efficiencies and command a higher price for its product. IMI Global offers a range of products and services to track, record, manage, report, and audit key data regarding livestock. Its distinct product line is USVerified(tm).com, a USDA Process Verified Product Line which offers the following verification solutions: USDA Process Verified, QSA, NHTC and EV Program Development for companies. The offerings address the needs of each industry segment, and its customers span the supply chain from birth through the various stages of feeding and raising the livestock, to packing and distribution. The few products that the Company purchases, mainly livestock identification ear tags, are purchased from Allflex. IMI Global USVerified products and services offerings are tailored to the needs of each level of the beef and other livestock supply chain in support of USDA programs. Supply Verified is verification and auditing service offered to livestock and food industry supplier that enables them to demonstrate its ability to efficiently and accurately track key data related to the source and age of livestock. IMI Global offers solutions to enable feed yards to comply with USDA's verification requirements. The Company offers solutions to meat packers, processors and distributors to demonstrate that its products comply with USDA's QSA requirements, Suppliers with approved USDA Process Verified Programs are able to make marketing claims associated with their process verified points - such as age, source, feeding practices, or other raising and production claims. This service is provided and priced to meat packers on a packaged basis, which includes access to its Proprietary web based applications and processes, completion of a USDA program compliant manual, obtaining USDA approval, implementation services, and initial training. In addition, the Company offer a monthly service to maintain the USDA compliant manual and web host the data. IMI Global marketing includes direct marketing, advertising, event sponsorship, and trade show participation. The main competitors for its SupplyVerified Program are: AgInfolink, MicroBeef Technologies, and Sterling Solutions. IMI Global seeks to protect its intellectual property right assets through patent, copyright, trade secret, trademark and other laws of the United States and other countries, and through contractual provisions.
Key Statistics
Overview:
Financials:
| Annual Sales, $ | 3,270 K |
| Annual Net Income, $ | 320 K |
Growth:
| 1-Year Return | -25.00% |
| 3-Year Return | -92.50% |
| 5-Year Return | -99.52% |
Per-Share Information:
| Next Earnings Date | 02/15/12 |
| EPS Growth vs. Prev Qtr | 0.00% |
| EPS Growth vs. Prev Year | 0.00% |
| Annual Dividend & Yield (Fwd) | 0.00 (0.00%) |
| Dividend Payout Ratio | 0.00% |