Exhibit (10)(v)

                              CONSULTING AGREEMENT

     This Consulting  Agreement (the  "Agreement"')  is effective as of February
____,  2000, by and between Area  Investment and  Development  Co., Inc., a Utah
corporation (the "Company"), and Michael Solomon (the "Consultant').

     The  Company  desires to retain the  Consultant  to use  Consultant's  best
efforts to  explore,  introduce  and  negotiate  with third  parties for certain
corporate sponsorships,  financing and disposition of rights, and the Consultant
agrees to such engagement upon the terms set forth below.

1.   Duties, Involvement and Scope of Service.

     A. The Company hereby engages Consultant,  as an independent contractor and
not as an  employee,  to use  Consultant's  best  efforts to explore,  introduce
and/or  negotiate  with third  parties for:  (i)  corporate  sponsorships;  (ii)
financing;  (iii)  disposition of television and audio/music  rights;  and, (iv)
licensing   and   merchandising   of  the   Company's   products  and  services.
Additionally,  the Company engages  Consultant to perform such other  reasonably
related  services,  as reasonably  requested by the Company  (collectively,  the
"Services").

     B. Consultant acknowledges that any and all arrangements or agreements that
Consultant may negotiate for the Company,  shall be subject to acceptance by the
Board of  Directors  of the Company and which shall be evidenced by execution by
an authorized officer for the Company.

     C. The Consultant shall devote such time and effort to the duties hereunder
and shall use its best efforts to fulfill obligations  hereunder;  however,  the
Company acknowledges that the Consultant is engaged in other business activities
and that such activities will continue during the term of this Agreement.

2.   Term/Duration/Termination.

     Except as otherwise provided hereunder, this Agreement shall remain in full
force and effect for one year (1) from the date hereof  Following the completion
of such initial term, this Agreement shall continue in effect from  year-to-year
thereafter  unless one party shall provide The other party written notice of its
intent to terminate  the Agreement no less than sixty (60) days prior to the end
of the annual period.  Expiration/Termination  of the Agreement shall not affect
the right of the Consultant to receive  Success Fees (as that term is defined in
paragraph 3(B) below) subject to the Terms of this Agreement.

3.   Compensation.


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     A. Annual  Retainer Fee. The Company agrees to compensate  Consultant a sum
of Two Hundred Fifty Thousand Dollars  ($250,000.00) (the "Consulting Fee"), for
the  Services.  Payment  of the  Consulting  Fee shall be made  pursuant  to the
following schedule:

     a.   Ten Thousand  Dollars  ($10,000.00) per calender month during the term
          of this Agreement, and,

     b.   The  balance of One  Hundred  Thirty  Thousand  Dollars  ($130,000.00)
          payable on the one year anniversary of this Agreement.

     Consultant  and  Company  agree that the above  mentioned  schedule  may be
modified upon written consent by both parties.  Notwithstanding the above, it is
the Company's  intention  that payments of the Consulting Fee may be spread more
evenly on a monthly basis in the event the Company  determines that cash flow is
sufficient to do so.

     B. Success  Fees.  Notwithstanding  the  termination  of this  Agreement in
accordance with paragraph 2 above,  and subject to the provisions of paragraph 8
below, Consultant shall receive a "Success Fee" which shall be defined as 10% of
all monies paid to Company pursuant to all agreements with any third party which
Consultant:  (i) first introduced to the Company;  (ii) initiated  negotiations;
and/or,  (iii) assisted to finalize and execute,  provided however that all such
third party agreements is first approved and ratified by disinterested directors
of the Board of Directors,  pursuant to the Company's Articles of Incorporation,
By-Laws and the General Corporation Law of Utah.

     The Success Fee shall  continue to be payable in respect of: (i) all monies
paid to Company from all agreements  executed  during the term of this Agreement
with any third party which Consultant first introduced to the Company, initiated
negotiations,  and/or assisted to finalize and execute;  (ii) all monies paid to
Company  from  all  renewed  agreements  with  any  third  party  who was  first
introduced to the Company by the Consultant  during the term of this  Agreement,
and who was  previously  under contract with the Company during the term of this
Agreement;  (iii) all monies paid to the Company  from all  agreements  with any
third party who  Consultant  first  introduced to the Company during the term of
this Agreement,  and which  agreements are finalized and executed on the date of
termination of this Agreement, or prior to the one year anniversary date of such
termination;  and (iv) all monies paid to Company  from all  renewed  agreements
with any third party who was first  introduced to the Company by the  Consultant
during the term of this Agreement) and whose initial  agreement with the Company
was  finalized and executed on the date of  termination  of this  Agreement,  or
prior to the one year anniversary date of such termination.

     In any fiscal  year that a Success Fee is owed to  Consultant,  the Company
shall  furnish  Consultant  with an  Officer's  Certificate,  setting  forth  an
itemized  calculation  as to the payment of the  Success  Fee and setting  forth
certain representations as to the status of all agreements, contemplated in tile
preceding  paragraph,  between the Company and all third  parties  introduced to
tile Company by the Consultant.

     C. Equity Interest.  100,000 shares of common stock (the "Equity Interest")
shall be issued


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to Consultant, or its designees, at a nominal rate; provided.  however, that the
Equity Interest Shall be issued pursuant to the following schedule:

     NUMBER OF SHARES      DATE OF ISSUANCE
     ----------------      ----------------
     25,000                90 days from the date of this agreement
     25,000                180 days from the date of this agreement
     25,000                270 days from the date of this agreement
     25,000                360 days from the date of this agreement

     Consultant acknowledges that the issuance of the Equity Interest is subject
to Consultant  substantially  performing  the Services,  in accordance  with the
terms of this Agreement.  Prior to tile issuance of Equity Interests pursuant to
the schedule  above, a  determination  will be made by the Board of Directors on
the business day immediately  preceding the scheduled date of issuance of shares
of common stock, that such Services has been substantially performed.

     Consultant  further  acknowledges  and understands that the above mentioned
shares of common stock  comprising the Equity  Interest shall be issued pursuant
to an exemption from registration requirements under Federal Securities Laws and
are considered "Restricted Stock" under the Securities Act of 1933, as amended.

     D. Options.  The Company  agrees to grant  Consultant an option to purchase
150,000 shares of common stock (the "Option"), at an exercise price of $3.00 per
share of common stock, until December 31, 2002, and further subject to the terms
and  conditions  of a 1999 Stock  Option Plan (the "Plan") to be approved by the
shareholders of tile Company and ratified by the Board of Directors,  as soon as
practicable.  Such Plan shall be in compliance  with the  Company's  Articles of
Incorporation,  Bylaws and the General  Corporation  Law of Utah. The Consultant
further acknowledges and agrees that the terms of the Option shall be subject to
the Plan, and in the event of a conflict between the terms and conditions of the
Plan and the terms of the Option granted herein, the terms and conditions of the
Plan shall prevail.

4.   Taxes and other Liabilities.

     Consultant acknowledges and agrees that it is an independent contractor and
not an employee of the  Company.  As such,  Consultant  acknowledges  that it is
responsible  for all employment  and other tax payable to any federal,  state or
local  authority  and any  other  obligation  or  liabilities  arising  from its
engagement and compensation hereunder.

5.   Appointment as Chairman of the Board of Directors.

     Upon the execution of this  Agreement the Company shall appoint  Consultant
as a director and the  Chairman of the Board of  Directors of the Company  until
his  respective  successor  is  elected,  his  respective   resignation  or  his
respective  removal before the expiration of his term. Such appointment shall be
subject to the  Company's  Articles  of  Incorporation,  By-Laws and the General
Corporation Laws of Utah.


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6.   Notice.

All notices to the Company or the Consultant  permitted to be required hereunder
shall be in writing  and shall be  delivered  personally,  by  telecopier  or by
courier  service  providing  for  next-day  delivery  or sent by  registered  or
certified mail return receipt requested, to the following address:

     The Company:      Area Investment and Development Co.
                       C/o Beckman, Millman & Sanders, LLP
                       116 John Street
                       New York 10038
                       Attention: Steven Sanders, Esq.

     The Consultant    Michael Solomon
                       130 S. El Camino Drive
                       Beverly Hills, California 90212

     Either  party may change  the  address  to which  notices  shall be sent by
sending  written  notice of such change of address to the other party.  Any such
notice  shall  be  deemed  given  if  delivered   personally  upon  receipt;  if
telecopied,  when  telecopied;  if  sent  by  courier  service;  and if  sent by
certified or registered mail,  three (3) days after deposit  (postage  prepared)
with the U.S. Postal Service.

7.   Representations and Warranties; Indemnification.

     The Company and Consultant  each represent and warrant to the other that it
has all  rights  to enter  into this  Agreement  and that its  execution  of the
Agreement shall not infringe upon the rights of any third party. The Company and
Consultant  each  agree to  indemnify  the other  and hold the other  completely
harmless from any claims made by any third party against the other  relating to,
or arising from, any breach of this Agreement or obligations  arising  herefrom.
In addition,  the Company  agrees to indemnify  Consultant  and hold  Consultant
harmless from any third party claims made against Consultant as a shareholder of
the Company, relating to any failure of the Company to comply with its corporate
obligations,  including,  but not  limited to the  Company's  failure to pay any
debts owed to  creditors;  provided,  however,  that at any time the  Consultant
shall  become  a  "controlling  person"  as the term is  defined  or used in the
Securities Act of 1933, as amended, the aforementioned indemnification shall not
be applicable;  and provided further,  however,  that this indemnification shall
not be  applicable  for any claims  arising  from,  or a result of  Consultant's
capacity  as a  director  of  the  Company.  Consultant  acknowledges  that  any
indemnification  provided to  Consultant,  in his  capacity as a director of the
Company,  shall  solely be  pursuant to the terms of the  Company's  Articles of
Incorporation,  By4aws and the General  Corporation  Laws of Utah,  and not from
this Agreement.

8.   Delegation.

     The Company and the Consultant  agree that Consultant  shall be entitled to
delegate all or any part or parts of his duties and obligations hereunder to any
person, firm or corporation (collectively,


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the "designees" and individually, "designee") approved by the Company in writing
(which consent shall not be unreasonably withheld)) whether or not such designee
is subject to an existing  contract with the Company for similar  services.  Any
such  delegation  may be on such terms and conditions as the Consultant may deem
appropriate;  provided,  however,  that should the  Consultant  make the initial
delegation  or request for  assistance  from a designee,  the  Consultant  shall
remain  liable to perform his duties and  obligations,  and shall  indemnify the
Company from any liability for any finder's fees,  agent's  commissions or other
similar  forms  of  compensation  in  Connection  with  this  Agreement  or  the
transactions  contemplated  hereby,  notwithstanding the fact that such designee
may be subject to an existing contract with the Company for similar services

9.   Governing Law.

Notwithstanding  the place  where this  Agreement  may be executed by any of the
parties  hereto,  the parties  expressly agree that all the terms and provisions
hereof  shall be construed  in  accordance  with and governed by the laws of the
State of New York, without giving effect to conflict of laws principles thereof.

10.  Entire Agreement.

     This Agreement contains the entire agreement between Consultant and Company
and  correctly  sets forth the rights and duties of each of the  parties to each
other  concerning such matters as of this date. Any agreement or  representation
concerning  the subject matter of this Agreement or the duties of Consultant not
set forth in this Agreement is null and void.

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the date first written above.


CONSULTANT:                                  COMPANY:

                                             Area Investment and Development Co.
By: /s/ Michael Solomon
    -----------------------

                                             By: /s/ Rick Garson
                                                ---------------------------
                                             Name: Rick Garson
                                             Title: President


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