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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 30, 2007

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from  _______________ to
_______________

Commission file number 000-51755

FITMEDIA INC.(Exact
name of registrant as specified in its charter)

|Delaware                                      | 98-0533824                          
|--------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation | (I.R.S. Employer Identification No.)
|or organization)                              |                                     
|                                              |                                     
|7108 - 150A Street                            | V3S 2E2                             
|Surrey, British Columbia, Canada              |                                     
|(Address of principal executive offices)      | (Zip Code)                          

604.723.0954(Issuer's telephone
number)

_____________________________________________________________________
  (Former name, former address and former fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was require to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. [ x ]
Yes [ ] No

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). [ x ] Yes [ ] No

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court. [ ] Yes [ ] No

APPLICABLE ONLY TO CORPORATE ISSUERS

As of June 13, 2007, the registrants outstanding common stock
consisted of 23,832,064shares.

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Table of Contents

|Part
      I - FINANCIAL INFORMATION | 1                                                                
|------------------------------------ | -----------------------------------------------------------------
|Item
      1.                        | Financial
      Statements                                       
|Item
      2.                        | Management's
      Discussion and Analysis or Plan of Operation  
|Item
      3.                        | Controls
      and Procedures                                    
|Part
      II - OTHER INFORMATION    | 9                                                                
|Item
      1.                        | Legal
      Proceedings                                          
|Item
      2.                        | Unregistered
      Sales of Equity Securities and Use of Proceeds
|Item
      3.                        | Defaults
      Upon Senior Securities                            
|Item
      4.                        | Submission
      of Matters to a Vote of Security Holders        
|Item
      5.                        | Other
      Information.                                         
|Item
      6.                        | Exhibits                                                         

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Part I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The unaudited financial statements of Fitmedia Inc. (Blink,
we, our, us) follow. All currency references in this report are in US
dollars unless otherwise noted.

FitMedia Inc.(A Development Stage Company) (Unaudited)
April 30, 2007

|                                               | Index
|---------------------------------------------- | -----
|                                               |      
|Consolidated Balance Sheets                    | F1  
|Consolidated Statements of Operations          | F2  
|Consolidated Statements
      of Cash Flows    | F3  
|Notes to the Consolidated Financial Statements | F4  

1

---

|FitMedia Inc.                
|-----------------------------
|(A Development Stage Company)
|Consolidated Balance Sheets  
|(Expressed in US dollars)    
|(Unaudited)                  

|                                                                       |  | April 30, |   |  | January 31, |  
|---------------------------------------------------------------------- |  | --------- | - |  | ----------- | -
|                                                                       |  | 2007      |   |  | 2007        |  
|                                                                       |  | $         |   |  | $           |  
|                                                                       |  |           |   |  |             |  
|ASSETS                                                                 |  |           |   |  |             |  
|Current Assets                                                         |  |           |   |  |             |  
|Cash                                                                   |  | 2,949     |   |  | 2,789       |  
|Prepaid expenses (Note 3)                                              |  | 1,685     |   |  | 2,185       |  
|Total Current Assets                                                   |  | 4,634     |   |  | 4,974       |  
|Investment in DVD Recordings and Screenplays (Note 4)                  |  | 6,954     |   |  | 6,258       |  
|Property and Equipment (Note 5)                                        |  | 1,459     |   |  | 1,667       |  
|Total Assets                                                           |  | 13,047    |   |  | 12,899      |  
|                                                                       |  |           |   |  |             |  
|LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)                         |  |           |   |  |             |  
|Current Liabilities                                                    |  |           |   |  |             |  
|Accounts payable (Note 7(b))                                           |  | 17,925    |   |  | 12,432      |  
|Accrued liabilities (Note 6)                                           |  | 6,514     |   |  | 1,879       |  
|Due
      to a related party (Note 7(a))                               |  | 16,015    |   |  | 14,945      |  
|Total Liabilities                                                      |  | 40,454    |   |  | 29,256      |  
|Contingencies and Commitments (Notes 1 and 8)                          |  |           |   |  |             |  
|Stockholders Equity (Deficit)                                         |  |           |   |  |             |  
|Preferred Stock: 20,000,000 shares authorized, $0.0001 par
      value |  |           |   |  |             |  
|Nil shares issued and outstanding                                      |  |          |   |  |            |  
|Common Stock: 80,000,000 shares authorized, $0.0001 par
      value    |  |           |   |  |             |  
|23,832,064 shares issued and outstanding                               |  | 2,383     |   |  | 2,383       |  
|Additional Paid-in Capital                                             |  | 56,623    |   |  | 56,623      |  
|Deficit Accumulated During the Development Stage                       |  | (86,413   | ) |  | (75,363     | )
|Total
      Stockholders Equity (Deficit)                             |  | (27,407   | ) |  | (16,357     | )
|Total Liabilities and Stockholders Equity (Deficit)                   |  | 13,047    |   |  | 12,899      |  

(The accompanying notes are an integral part of these
consolidated financial statements)

F-1

---

|FitMedia Inc.                        
|-------------------------------------
|(A Development Stage Company)        
|Consolidated Statements of Operations
|(Expressed in US dollars)            
|(Unaudited)                          

|                                             |  | Accumulated from    |   |  |               |   |  |               |  
|-------------------------------------------- |  | ------------------- | - |  | ------------- | - |  | ------------- | -
|                                             |  | August 30, 2004     |   |  | For the Three |   |  | For the Three |  
|                                             |  | (Date of Inception) |   |  | Months Ended  |   |  | Months Ended  |  
|                                             |  | to April 30,        |   |  | April 30,     |   |  | April 30,     |  
|                                             |  | 2007                |   |  | 2007          |   |  | 2006          |  
|                                             |  | $                   |   |  | $             |   |  | $             |  
|                                             |  |                     |   |  |               |   |  |               |  
|Revenue                                      |  |                    |   |  |              |   |  |              |  
|                                             |  |                     |   |  |               |   |  |               |  
|Expenses                                     |  |                     |   |  |               |   |  |               |  
|                                             |  |                     |   |  |               |   |  |               |  
|Director fees                                |  | 5,741               |   |  |              |   |  | 1,375         |  
|Office and miscellaneous                     |  | 28,908              |   |  | 1,786         |   |  | 6,411         |  
|Professional
      fees                      |  | 46,588              |   |  | 8,764         |   |  | 12,079        |  
|Rent                                         |  | 5,176               |   |  | 500           |   |  | 501           |  
|                                             |  |                     |   |  |               |   |  |               |  
|Total Expenses                               |  | 86,413              |   |  | 11,050        |   |  | 20,366        |  
|                                             |  |                     |   |  |               |   |  |               |  
|Net Loss For the
      Period                |  | (86,413             | ) |  | (11,050       | ) |  | (20,366       | )
|                                             |  |                     |   |  |               |   |  |               |  
|Net Loss Per Share
       Basic and Diluted |  |                     |   |  |              |   |  |              |  
|                                             |  |                     |   |  |               |   |  |               |  
|Weighted Average
      Shares Outstanding    |  |                     |   |  | 28,832,000    |   |  | 23,734,000    |  

(The accompanying notes are an integral part of these
consolidated financial statements)

F-2

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|FitMedia Inc.                        
|-------------------------------------
|(A Development Stage Company)        
|Consolidated Statements of Cash Flows
|(Expressed in US dollars)            
|(Unaudited)                          

|                                                            |  | For the Three |   |  | For the Three |  
|----------------------------------------------------------- |  | ------------- | - |  | ------------- | -
|                                                            |  | Months Ended  |   |  | Months Ended  |  
|                                                            |  | April 30,     |   |  | April 30,     |  
|                                                            |  | 2007          |   |  | 2006          |  
|                                                            |  | $             |   |  | $             |  
|                                                            |  |               |   |  |               |  
|Operating Activities                                        |  |               |   |  |               |  
|Net loss for the period                                     |  | (11,050       | ) |  | (20,366       | )
|Adjustments to reconcile net
      loss to net cash used in |  |               |   |  |               |  
|operating activities:                                       |  |               |   |  |               |  
|Amortization                                                |  | 208           |   |  | 208           |  
|Change in operating assets and liabilities:                 |  |               |   |  |               |  
|Accounts payable
      and accrued liabilities              |  | 10,128        |   |  | 12,392        |  
|Due to related parties                                      |  |              |   |  | 1,375         |  
|Prepaid expenses                                            |  | 500           |   |  |              |  
|Net Cash Used In
      Operating Activities                 |  | (214          | ) |  | (6,391        | )
|Investing Activities                                        |  |               |   |  |               |  
|Investment in DVD recordings and
      screenplays          |  | (696          | ) |  | (727          | )
|Purchase of property and
      equipment                    |  |              |   |  | (2,500        | )
|Net Cash Used In
      Investing Activities                 |  | (696          | ) |  | (3,227        | )
|Financing Activities                                        |  |               |   |  |               |  
|Advances from related party                                 |  | 1,070         |   |  |              |  
|Repayments to
      related party                           |  |              |   |  | (485          | )
|Proceeds from issuance of common stock                      |  |              |   |  | 8,883         |  
|Net Cash Provided By Financing Activities                   |  | 1,070         |   |  | 8,398         |  
|Increase (Decrease) in Cash                                 |  | 160           |   |  | (1,220        | )
|Cash - Beginning of Period                                  |  | 2,789         |   |  | 14,640        |  
|Cash  End of
      Period                                  |  | 2,949         |   |  | 13,420        |  
|                                                            |  |               |   |  |               |  
|Supplemental Disclosures                                    |  |               |   |  |               |  
|Interest paid                                               |  |              |   |  |              |  
|Income taxes paid                                           |  |              |   |  |              |  

(The accompanying notes are an integral part of these
consolidated financial statements)

F-3

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|1. | Development Stage Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | FitMedia Inc. (the Company) was incorporated on August
      30, 2004 under the laws of the State of Delaware. The Company is a
      Development Stage Company, as defined by Statement of Financial Accounting
      Standard (SFAS) No. 7 Accounting and Reporting by Development Stage
      Enterprises. The Companys principal business is the production,
      distribution and sale of DVDs related to exercise, healthy lifestyles, and
      physical and mental fitness.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | These consolidated financial statements have been
      prepared on a going concern basis, which implies the Company will continue
      to realize its assets and discharge its liabilities in the normal course
      of business. The Company has generated insignificant revenues since
      inception and has never paid any dividends and is unlikely to pay
      dividends or generate earnings in the immediate or foreseeable future. The
      continuation of the Company as a going concern is dependent upon the
      continued financial support from its shareholders, the ability of the
      Company to obtain necessary equity financing to continue operations, and
      the attainment of profitable operations. As at April 30, 2007, the Company
      has a working capital deficit of $35,820 and accumulated losses of $86,413
      since inception. These factors raise substantial doubt regarding the
      Companys ability to continue as a going concern. These financial
      statements do not include any adjustments to the recoverability and
      classification of recorded asset amounts and classification of liabilities
      that might be necessary should the Company be unable to continue as a
      going concern.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | The Company filed an SB-2 Registration Statement with the
      United States Securities and Exchange Commission that was declared
      effective November 3, 2005, to register 670,000 shares of common stock for
      sale at a price of $0.15 per share to raise gross proceeds of $100,500.
      The Company also registered 203,520 shares of common stock for resale by
      existing shareholders of the Company. The Company did not receive any
      proceeds from the resale of shares of common stock by the selling
      stockholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

F-4

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | d)                                                        
|   |                                                           
|   |                                                           
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|   | e)                                                        
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|   | f)                                                        
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|   | g)                                                        
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|   | h)                                                        
|   |                                                           
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|   |                                                           
|   | i)                                                        
|   |                                                           
|   |                                                           

F-5

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | j)                                                        
|   |                                                           
|   |                                                           
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|   |                                                           
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|   | k)                                                        
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|   | l)                                                        
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F-6

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | m)                                                        
|   |                                                           
|   |                                                           
|   |                                                           
|   | n)                                                        
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|   | o)                                                        
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|   | p)                                                        
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F-7

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | p)                                                        
|   |                                                           
|   |                                                           
|   |                                                           
|   |                                                           
|   |                                                           
|   |                                                           
|   |                                                           
|   |                                                           

F-8

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|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|2. | Summary of Significant Accounting Policies
    (continued)                                                                                                              
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                         
|   | p)                                                                                                                                                                      
|   |                                                                                                                                                                         
|   |                                                                                                                                                                         
|   |                                                                                                                                                                         
|3. | Prepaid Expenses                                                                                                                                                        
|   |                                                                                                                                                                         
|   | As at April 30, 2007, prepaid expenses consist of $1,500
      (January 31, 2007 - $2,000) of prepaid rent and $185 (January 31, 2007 -
      $185) of prepaid services.
|   |                                                                                                                                                                         
|4. | Investment in DVD Recordings and
  Screenplays                                                                                                                          

| |                      |  |       |  |  |              |  |  | April 30,    |  |  | January 31,  | 
| | -------------------- |  | ----- |  |  | ------------ |  |  | ------------ |  |  | ------------ | 
| |                      |  |       |  |  |              |  |  | 2007         |  |  | 2007         | 
| |                      |  |       |  |  | Accumulated  |  |  | Net Carrying |  |  | Net Carrying | 
| |                      |  | Cost  |  |  | Amortization |  |  | Value        |  |  | Value        | 
| |                      |  | $     |  |  | $            |  |  | $            |  |  | $            | 
| |                      |  |       |  |  |              |  |  |              |  |  |              | 
| | Projects in progress |  | 6,954 |  |  |             |  |  | 6,954        |  |  | 6,258        | 

A total of $5,920 represents projects
in progress relative to DVD recordings and $1,034 represents the costs incurred
relating to developing original screenplays.

|5. | Property and Equipment
|-- | ----------------------

| |                    |  |       |  |  |              |  |  | April 30,    |  |  | January 31,  | 
| | ------------------ |  | ----- |  |  | ------------ |  |  | ------------ |  |  | ------------ | 
| |                    |  |       |  |  |              |  |  | 2007         |  |  | 2007         | 
| |                    |  |       |  |  | Accumulated  |  |  | Net Carrying |  |  | Net Carrying | 
| |                    |  | Cost  |  |  | Amortization |  |  | Value        |  |  | Value        | 
| |                    |  | $     |  |  | $            |  |  | $            |  |  | $            | 
| |                    |  |       |  |  |              |  |  |              |  |  |              | 
| | Computer equipment |  | 2,500 |  |  | 1,041        |  |  | 1,459        |  |  | 1,667        | 

|6. | Accrued Liabilities
|-- | -------------------

Accrued liabilities consists of $6,514
(January 31, 2007 - $1,879) owing for professional fees.

F-9

---

|FitMedia Inc.                                 
|----------------------------------------------
|(A Development Stage Company)                 
|Notes to the Consolidated Financial Statements
|April 30, 2007                                
|(Expressed in US dollars)                     
|(Unaudited)                                   

|7. | Related Party Transactions
|-- | --------------------------

| | a) | As at April 30, 2007, the Company is indebted to the
      President of the Company for $15,615 for cash advances made to the Company
      and $400 representing fees for services provided to DVD production. The
      amount is unsecured, non-interest bearing and has no stated terms of
      repayment.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                
| | b) | As at April 30, 2007, the Company owes $16,773 to the
      spouse of the Companys President for legal services and other
      professional fees.                                                                                                                                                            

|8. | Commitments
|-- | -----------

| | a. | On February 1, 2006, the Company entered into a Letter of
      Agreement with a Director of the Company for directors fees. The Company
      paid $1,000 and issued 2,500 shares of common stock to the Director on the
      first day of the Companys fiscal year until cancellation of the
      agreement.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                   
| | b. | Commencing February 1, 2007 the Company moved its office
      location to Surrey, B.C., Canada. The Company will pay an annual fee of
      $2,000(CAD) with the lease term expiring on January 31,
  2008.                                                                                                      

F-10

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Item 2. Management's Discussion and Analysis or Plan of
Operation.

FORWARD-LOOKING STATEMENTS

This report on Form 10-QSB contains certain forward-looking
statements. All statements other than statements of historical fact are
forward-looking statements for purposes of these provisions, including any
projections of earnings, revenues, or other financial items; any statements of
the plans, strategies, and objectives of management for future operation; any
statements concerning proposed new products, services, or developments; any
statements regarding future economic conditions or performance; statements of
belief; and any statement of assumptions underlying any of the foregoing. Such
forward-looking statements are subject to inherent risks and uncertainties, and
actual results could differ materially from those anticipated by the
forward-looking statements.

Overview

Fitmedia Inc. was incorporated as a Delaware company on August
30, 2004. We are a development stage company. We plan to sell DVDs through small
retail stores and others and we also plan to sell our fitness DVDs through our
Internet site www.fitmedia.net. We have not yet entered into any
agreements for the distribution of our DVDs.

We have produced the Prenatal Yoga DVD and it is now available
for sale. Through our wholly-owned subsidiary, Green Tea Productions, Inc., we
have been developing a proposal for a television series. The show will be called
Green Tea - Holistic Health for Modern Times, and will showcase holistic
health care techniques, practices and products. We have not yet signed a
producer or director for the show, but are currently developing the format of
the series.

From September to December 2004, we gathered information on the
holistic, exercise, nutrition, exercise video, yoga and fitness industries and
reviewed fitness videos and DVDs produced by our competitors. From January to
May 2005, we developed our planned format for our first DVD and other DVDs we
planned at the time (First DVDs), including the length and descriptions of
various segments. During this time we also reviewed resumes of potential fitness
instructors to write or star in our planned DVDs.

We also reviewed resumes of potential production personnel,
such as camera operators, video editors, costume designers, lighting
technicians, sound editors and assistant directors. On June 28, 2005, we entered
into an agreement with Timothy Crottey, our President, to act as director and
producer for the Prenatal DVD. Between July and August, 2005 we completed
principal photography of our first DVD, Fitmedias Prenatal Yoga (the
Prenatal Yoga DVD). We announced completion of the Prenatal Yoga DVD in a
press release on October 2, 2006. On January 3, 2007 our internet site,
www.fitmedia.net, launched its ecommerce capabilities and we have made
the Prenatal Yoga DVD available for sale there.

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We anticipate that our business will incur significant
operating losses in the future. We expect to begin selling our DVD and begin
receiving revenues from the sale of our first DVD in November 2007. The
following factors raise substantial doubt regarding the ability of our business
to continue as a going concern: (i) the losses we incurred since our inception;
(ii) no revenues we generated since our inception; and (iiI) our dependence on
sale of equity securities and receipt of capital from outside sources to
continue in operation. Our auditors have issued a going concern opinion. The
financial statements do not include any adjustments that might result from the
uncertainty about our ability to continue in business. As such we may have to
cease operations and you could lose your investment.

Description of Property

At January 31, 2007, we vacated our former offices and studio
located at 304B-338 West 8th Avenue. On February 1, 2007, we took up
a new office in a rented premises located at 7108 150A Street, Surrey, BC,
Canada V3S 2E2 for a fee of $2,000 annually. The term of the lease is from
February 1, 2007 to January 31, 2008 and gives us exclusive use of approximately
200 square feet. Our current office is sufficient for our business purposes.
There are no provisions in our current lease for renewal or termination.

Results of Operations for the three months ended April 30,
2007 and for the period accumulated from August 30, 2004 (date of inception) to
April 30, 2007

Revenues

We have never earned any revenues since our incorporation on
August 30, 2004. We have completed our first DVD and hope to generate revenues
from its sale on our website in November 2007.

Expenses

From August 30, 2004 (date of inception) to April 30, 2007, we
incurred total expenses of $86,413, including $46,588 in professional fees,
$5,741 in director fees, $28,908 in office and miscellaneous, and $5,176 for
office rent. Our total expenses were $11,050 for the three months ended April
30, 2007, including $8,764 in professional fees, $nil in director fees, $1,786
in office and miscellaneous, and $500 for office rent. Our total expenses for
the three months ended April 30, 2007 decreased $9,316 to $11,050 from $20,366
for the same period ended April 30, 2006. A decrease in total expenses was
mainly due to decreased web development activities and decreased legal and
auditing services.

Our professional fees of $8,764 for the three months ended
April 30, 2007 consisted primarily of legal, accounting and auditing fees,
compared to $12,079 for the same period ended April 30, 2006. For the three
months ended April 30, 2007 our professional fees decreased $3,315 compared to
the same period ended April 30, 2006, due to less legal and auditing services
provided. From August 30, 2004 (date of inception) to April 30, 2007, we
incurred total professional fees of $46,588.

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Our director fees of $1,375 for the three months ended April
30, 2006 consisted of amounts paid to Roman Onufrijchuk. For the three months
ended April 30, 2007 we did not incur director fees. Our management fees totaled
$1,800 for the three month period ended April 30, 2007 compared to an equal
amount for the three month period ended April 30, 2006. From August 30, 2004
(date of inception) to April 30, 2007, we incurred director fees of $5,741,
totally paid to Roman Onufrijchuk.

Our web development expenses of $1,024 for the three months
ended April 30, 2007 consisted primarily of website design and construction
compared to $nil for the same period ended April 30, 2006. For the three months
ended April 30, 2007 our web development expenses totaled $12,029 compared to
$nil for the same period ended April 30, 2006. The significant increase in web
development costs is due to no web development activities for the three and
three months ended April 30, 2006.

For the three month period ending April 30, 2007 our general
and administrative expenses increased $6,377 to $6,754 from $377 for the same
period ended April 30, 2006, mostly because of our increased general office
expenses and promotion activities. Our rent was $300, marketing costs were
$1,398 and other general and administrative fees were $5,056 for the three
months ended April 30, 2007.

Net Losses

From August 30, 2004 (date of inception) to April 30, 2007, we
incurred a net loss of $86,413. Our net loss per share was nil for the period
from August 30, 2004 (date of inception) to April 30, 2007.

For the three months ended April 30, 2007 we incurred a net
loss of $11,050 compared to a net loss of $20,366 for the three months ended
April 30, 2006. The decrease in net losses is due mainly to decreases in our day
to day operating costs. Our net loss per share was $nil for the three months
ended April 30, 2007.

The loss was primarily due to auditor fees, director fees,
production fees and office expenses and a lack of revenues. We expect to
continue to incur losses for at least another two years. We hope to begin
generating revenues from the sale of our Prenatal Yoga DVD in late 2007.

Plan of Operations

We have been spending money on fitness DVD production and in
developing our website. We expect to incur substantial losses over the next two
years. We intend to spend approximately $60,000 over the course of the next 12
months (beginning July 2007), mainly in the areas of development, production,
administration, legal, accounting and marketing.

We expect to generate revenues from the sale of our Prenatal
Yoga DVD in late 2007. Through our wholly-owned subsidiary, Green Tea
Productions, Inc., we have developed a plan for a health and fitness themed
television series. We have developed so far a preliminary series bible for a
potential first season of the series.

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Because we have experienced difficulty raising equity and have
not yet generated any revenues from our DVD production activities, we are
considering changing the focus of our activities toward another business such as
oil and gas exploration and production.

If we were to become involved in oil and gas exploration and
production or another new business we would likely transfer our DVD production
activities to our wholly owned subsidiary, Green Tea Productions, Inc., and
change our corporate name. We might also seek new directors and officers with
experience in oil and gas exploration and production or other business in order
to develop and execute a new plan of operation. If we adopt a new business plan
involving oil and gas exploration and production, we might pursue the
acquisition of producing oil and natural gas wells, interests and leases, and
our financing requirements would increase dramatically.

Liquidity and Capital Resources

As of April 30, 2006, we had cash of $2,949 and working capital
deficit of $35,820. Our accumulated deficit was $86,413 as at April 30, 2007.
Our net loss of $86,413 from August 30, 2004 (date of inception) to April 30,
2007 was mostly funded by our equity financing. During the three months ended
April 30, 2007, we did not raise any funds in equity finance, compared to $8,883
for the same period ended April 30, 2006. The increase in cash during the three
months ended April 30, 2007 was $160. Our net tangible book value was ($34,361)
as of April 30, 2007.

We used net cash of $214 in operations for the three months
ended April 30, 2007. We used net cash of $696 in investment in DVD recordings
and screenplays. For the three months ended April 30, 2007, we received net cash
of $1,070 from related partys advances.

We estimate that our expenses over the next 12 months
(beginning July 2007) will be approximately $60,000 as follows:

| | $ 20,000 in auditor and legal fees             
| | -----------------------------------------------
| | $ 12,000 in directors fees                    
| | $ 10,000 in production and development expenses
| | $ 10,000 in marketing fees                     
| | $ 3,000 in general administration expenses     
| | $ 5,000 in additional financing costs          

Of the $60,000 we need for the next 12 months, we had $2,949 in
cash as of April 30, 2007. The balance of our cash requirements for the next 12
months (approximately $57,000) we intend to raise from private placements,
shareholder loans or possibly a registered public offering (either
self-underwritten or through a broker-dealer) within the next few months. At
this time we do not have any commitments from any broker-dealer to provide us
with financing. In order to improve our liquidity, we also plan to engage
outside contractors and consultants who are willing to be paid in stock rather
than cash or a combination of stock and cash. However, there can be no assurance
we will be successful in our efforts to secure additional equity financing.

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If we are unsuccessful in raising enough money through future
capital raising efforts, we may review other financing possibilities such as
bank loans. If we cannot raise at least $57,000, we will not be able to carry
out our full business plan and we may have to cease operations. If operations
and cash flow improve through future financing efforts, management believes that
we can continue to operate. However, no assurance can be given that management's
actions will result in profitable operations or the resolution of our liquidity
problems.

Need for Additional Capital

There is limited historical operating information about us upon
which to base an evaluation of our performance. We are a development stage
company and have generated no revenues. We cannot guarantee we will be
successful in our business operations. Our business is subject to risks inherent
in the establishment of a new business enterprise, including limited capital
resources and possible cost overruns due to price and cost increases in services
and products.

We have no assurance that future financing will be available to
us on acceptable terms. Obtaining additional financing will be subject to a
number of factors including market conditions, investor acceptance of our
business plan and investor sentiment. These factors may make the timing, amount,
terms and conditions of additional financing unattractive or unavailable to us.
If financing is not available on satisfactory terms, we may be unable to
continue, develop or expand our operations. If we are unable to raise additional
financing, we will have to significantly reduce our spending, delay or cancel
planned activities or substantially change our current corporate structure. In
such an event, we intend to implement expense reduction plans in a timely
manner. However, these actions would have material adverse effects on our
business, revenues, operating results, and prospects, resulting in a possible
failure of our business. If we raise funds through equity or convertible
securities, our existing stockholders may experience dilution and our stock
price may decline.

We have incurred operating losses from our inception and we are
dependent upon our ability to raise capital from stockholders or other sources
to sustain operations. These factors raise substantial doubt about our ability
to continue as a going concern.

Known Material Trends and Uncertainties

As of April 30, 2007, we had no off balance sheet transactions
that have or are reasonably likely to have a current or future effect on our
financial condition, changes in our financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources.

In view of the uncertainties concerning our continued existence
as a going concern, our management plans to mitigate the effect of such
conditions, management intends to take the following steps in the event that we
are not able to raise sufficient funds to meet the needs of our business plans:

- continue our equity financing; and
- negotiate with consultants or contractors to pay parts of salaries and
  fees with stock and stock options instead of cash.

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We are considering changing the focus of our activities toward
another business such as oil and gas exploration and production. Changing the
business focus may have a material effect on our business, impact our
profitability and lower the value of your investment in us, because operation
expenses and acquisition expenses in interests or properties may dramatically
increase and investors may not accept our new business plan.

We believe that the above discussion contains a number of
forward-looking statements. Our actual results and our actual plan of operations
may differ materially from what is stated above. Factors which may cause our
actual results or our actual plan of operations to vary include, among other
things, decision of the Board of Directors not to pursue a specific course of
action based on a re-assessment of the facts or new facts, or changes in general
economic conditions.

Critical Accounting Policies

The preparation of financial statements in conformity with U.S.
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates. An
accounting policy is considered to be critical if it requires an accounting
estimate to be made based on assumptions about matters that are highly uncertain
at the time the estimate is made, and if different estimates that reasonably
could have been used, or changes in the accounting estimates that are reasonably
likely to occur periodically, could materially impact the financial statements.
Financial Reporting Release No. 60 requires all companies to include a
discussion of critical accounting policies or methods used in the preparation of
financial statements. Note 2 to the financial statements, includes a summary of
the significant accounting policies and methods used in the preparation of our
financial statements. The following is a discussion of critical accounting
policies and methods used by us.

Investment in DVD recordings

Investment in DVD recordings represent projects in progress and
the unamortized costs of programs and recordings which have been produced by us
or for which we have acquired a copyright interest or the rights to future
revenue. Such costs include development and production expenditures, capitalized
overhead and financing costs and other costs, which are expected to benefit
future periods. Under AICPA Statement of Position (SOP) No. 00-2
Accounting by Producers or Distributors of Films exploitation costs,
including advertising and marketing costs are expensed as incurred.

Projects in progress include the costs of developing DVD
recordings. Such costs are capitalized and, upon completion of production, are
added to investment in DVD recordings. Advances or contributions received from
third parties to assist in development are deducted from these costs. Projects
in progress are written off at the earlier of the date determined not to be
recoverable or when projects in progress are abandoned.

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Amortization is determined based on the ratio that current
gross revenues bear to management's estimate of total remaining ultimate gross
DVD revenue as of the beginning of the current fiscal year on a program by
program basis (the "individual DVD forecast method"). Revenue and DVD
costs are continually reviewed by management and revised when warranted by
changing conditions. When estimates of total revenues and costs indicate that a
DVD program will result in an ultimate loss, a reduction in the carrying value
of the investment is recognized to the extent that capitalized DVD costs exceed
estimated fair value. Such adjustments could have a material effect on the
results of operations in future periods. Production financing provided by third
parties that acquire substantive equity participation is recorded as a reduction
of costs of the production.

Capitalized DVD costs are stated at the lower of unamortized
cost or estimated fair value on an individual DVD basis. Fair market value is
based on the discounted projected net cash flows. The determination of the
projected net cash flows and discount rates are subjective in nature and involve
uncertainties and matters of significant judgement by management. Costs of
developing original screenplays are capitalized, and upon commencement of
production, are added to investment in film and television programs. Projects in
development are written off at the earlier of the date determined not to be
recoverable or when projects under development are abandoned, and three years
from the date of the initial investment.

We have produced one DVD recording to date. Since August 30,
2004 (date of inception) to April 30, 2007 we capitalized $6,954 in related
costs. Those related costs include $2,626 for the fiscal year ending January 31,
2007, $3,632 for the fiscal year ending January 31, 2006 and $696 for the three
months ended April 30, 2007. There is the possibility that we will not be able
to generate enough revenues to recover the costs incurred to date in full.
Accordingly, future results of operations may be negatively impacted by the
write off of these costs.

Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and procedures

Our Chief Executive Officer and Chief Financial Officer
evaluated our disclosure controls and procedures (as defined in Rule 13a-14
(c) of the Securities Exchange Act of 1934 (the Exchange Act) as of a date
within 90 days before the filing date of this report and has concluded that as
of the evaluation date, our disclosure controls and procedures are effective to
ensure that information we are required to disclose in reports that we file or
submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commissions
rules and forms.

(b) Changes in internal controls

Subsequent to the date of their evaluation, there were no
significant changes in our internal controls over financial reporting or in
other factors that could significantly affect these controls. There were no
significant deficiencies or material weaknesses in our internal controls so no
corrective actions were taken.

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Part II - OTHER INFORMATION

Item 1. Legal Proceedings.

Management is not aware of any legal proceedings contemplated
by any governmental authority or any other party against us. None of our
directors, officers or affiliates are (i) a party adverse to us in any legal
proceedings, or (ii) have an adverse interest to us in any legal proceedings.
Management is not aware of any other legal proceedings that have been threatened
against us.

Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds

During the three months ended April 30, 2007, we did not make
any sales of unregistered securities.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Submission of Matters to a Vote of Security Holders.

None.

Item 5. Other Information.

None.

Item 6. Exhibits.

|Exhibit | Description                                                                                                                                                                                                     
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                                                                                                 
|10.1    | Lease
      Agreement                                                                                                                                                                                           
|31.1    | Certification
        of the Chief Executive Officer and Chief Financial Officer Pursuant to
        Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002
|32.1    | Certification
        of the Chief Executive Officer and Chief Financial Officer Pursuant to
        18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley
        Act of 2002        

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on our behalf by
the undersigned thereunto duly authorized.

|                     |  | FITMEDIA, INC.                               
|-------------------- |  | ---------------------------------------------
|                     |  |                                              
|Dated: June 13, 2007 |  | /s/
      Timothy Crottey                    
|                     |  | Timothy Crottey                              
|                     |  | President, Chief Executive Officer,          
|                     |  | Chief Financial Officer, Principal Accounting
|                     |  | Officer                                      

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