DiMi Telematics International, Inc. filed its 10-K on Nov 29, 2012 for the period ending Aug 31, 2012. In this report its auditor, L.L. Bradford & Company, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

DiMi Telematics International, Inc. issued a formal corporate update providing insight and perspective on recent corporate developments and on the company's key goals and objectives for the coming year. The company continues to make good progress on the development of its 4.0 commercial version of the DiMi M2M communications platform. The company's independent software development team, leading this mission critical initiative, remains on track to completing development in the second quarter of next year. Upon completion, DiMi 4.0 will be deployed in several beta test sites to confirm its intended ease of use, functionality and enhanced M2M capabilities. Presuming that the beta tests meet and exceed its anticipated performance parameters, the company plans to effect the commercial launch of the solution to prospective U.S. customers in the third quarter of 2013. Initial marketing efforts will focus on deployments of DiMi 4.0 in the commercial and multi-dwelling residential smart building system management markets, expanding into other key verticals as demand dictates.

On March 16, 2012, First Quantum Ventures, Inc. changed its name to DiMi Telematics International, Inc.