----

----

| Nevada                        |   | 95-4786792                                |
|-------------------------------|--------|-------------------------------------------|
| (State      of incorporation) |   | (I.R.S.      Employer Identification No.) |

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| Quarter Ended                 |   | High   |   |   | Low    |   |
|-------------------------------|--------|--------|--------|--------|--------|--------|
|                          |   |   |   |   |   |   |
|  September      30, 2007 |   | $      | 0.40   |   |   | $      | 0.39 |   |
|  December      31, 2007  |   | $      | 0.20   |   |   | $      | 0.17 |   |
|  March      31, 2008     |   | $      | 0.28   |   |   | $      | 0.28 |   |
|  June      30, 2008      |   | $      | 0.25   |   |   | $      | 0.25 |   |
|  September      30, 2008 |   | $      | 0.28   |   |   | $      | 0.15 |   |
|  December      31, 2008  |   | $      | 0.23   |   |   | $      | 0.05 |   |
|  March      31, 2009     |   | $      | 0.20   |   |   | $      | 0.05 |   |
|  June      30, 2009      |   | $      | 0.19   |   |   | $      | 0.09 |   |

----

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| Name of Director                |   | Age |   | Current Position                   |   | Position Held Since |
|---------------------------------|--------|-----|--------|------------------------------------|--------|---------------------|
| Gov.      Carlos Romero Barcelo |   | 73  |   | Vice      Chairman, Director       |   | March,      2008    |
| Jack      Honour                |   | 58  |   |  Chairman,      (Interim) CEO |   | June,      2001     |
| Anthony      Munafo             |   | 48  |   | COO,      Director                 |   | August,      2008   |
| Herky      Williams             |   | 54  |   | Secretary/Treasurer,      Director |   | May,      2000      |
| Steven      Curran              |   | 55  |   | Director                           |   | Sept.      2008     |

----

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----

| Name      and Address of                                                |   | Nature      of |   |              |   |    |
|-------------------------------------------------------------------------|--------|----------------|--------|-------------------|--------|---------|
| Beneficial      Owners / Directors                                      |   | Ownership      |   | Shares      Owned |   | Percent |
|                                                                    |   |           |   |              |   |    |
| All      Executive Officers and Directors as a Group * (5      persons) |   | Common         |   | 8,926,784         |   | 37.53.% |
| Anthony      Munafo                                                     |   | Common         |   | 565,850           |   | 2.38%   |
| John      Honour                                                        |   | Common         |   | 7,024,934         |   | 29.53%  |
| Herky      Williams                                                     |   | Common         |   | 671,000           |   | 2.82%   |
| Gov.      Carlos Romero Barcelo                                         |   | Common         |   | 100,000           |   | 0.42%   |
| Steven      Curran                                                      |   | Common         |   | 100,000           |   | 0.42%   |

----

| Exhibit Number | Title of Document                                                                                                                                                                                                                                                                          |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                                                                                                                                                                       |
| 2.1      *     | Acquisition      Agreement and Plan of Reverse Merger by and between StereoVision Vision      Entertainment, Inc. and Kestrel Equity Corporation dated      December  3, 1999. (incorporated by reference to Form 10-SB      filed with the SEC on  December 17, 1999) |
| 2.2      *     | Agreement      and Plan of Merger by and between Kestrel Equity Corporation and SVE      Merger, Inc. dated January 10, 2000.                                                                                                                                                              |
| 3.1      *     | Articles      of Incorporation of Kestrel Equity Corporation filed with the State of      Arizona on December 14, 1993. (incorporated by reference to Form 10-SB      filed with the SEC on December 17, 1999)                                                                             |
| 3.2      *     | Articles      of Amendment of Articles of Incorporation of Kestrel Equity Corporation      filed with the State of Arizona on June 18, 1997. (incorporated by      reference to Form 10-SB filed with the SEC on December 17,      1999)                                                   |
| 3.3      *     | Articles      of Amendment of Articles of Incorporation of Kestrel Equity Corporation      filed with the State of Arizona on September 30, 1997. (incorporated by      reference to Form 10-SB filed with the SEC on December 17,      1999)                                              |
| 3.4      *     | Bylaws      of the Kestrel Equity Corporation. (incorporated by reference      to  Form 10-SB filed with the SEC on December 17,      1999)                                                                                                                                      |
| 3.5      *     | Articles      of Incorporation of SVE Merger, Inc. filed with the State of Nevada on      December 23, 1999.                                                                                                                                                                               |
| 3.6      *     | Bylaws      of SVE Merger, Inc.                                                                                                                                                                                                                                                            |
| 4.1      *     | Specimen      Stock Certificate of Kestrel Equity Corporation. (incorporated by      reference to Form 10-SB filed with the SEC on December 17,      1999)                                                                                                                                 |
| 4.2      *     | Specimen      Stock Certificate of SVE Merger, Inc.                                                                                                                                                                                                                                        |
| 10.1*          | Stock      Purchase Agreement by and between Kestrel Equity Corporation and John      Honour, dated September 25, 1999.                                                                                                                                                                    |
| 31             | Certification      of Principal Executive and Principal Financial Officer Pursuant to 18      U.S.C Section 1350 as Adopted Pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.                                                                                                |
| 32             | Certification      of Principal Executive and Principal Financial Officer Pursuant to 18      U.S.C Section 1350 as Adopted Pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002.                                                                                                |
|           |                                                                                                                                                                                                                                                                                       |
| (*)            | Incorporated      by reference to the Registrant’s registration statement on Form 10-SB      filed on August 9, 2000.                                                                                                                                                                |
|           |                                                                                                                                                                                                                                                                                       |
| (a)            | (b) Reports      on Form 8-K filed.                                                                                                                                                                                                                                                   |

----

|                    |   | Fiscal      year endingJune      30, 2009 |   |   | Fiscal      year endingJune      30, 2008 |   |
|-------------------------|--------|-------------------------------------------|--------|--------|-------------------------------------------|--------|
| Audit      Fees         |   | $                                         | 24,270 |   |                                      | $      | 29,351 |   |
| Audit      Related Fees |   | NIL                                       |   |   | NIL                                       |   |
| Tax      Fees           |   |                                      | 480    |   |                                      |   | 480 |   |
| All      Other Fees     |   | NIL                                       |   |   | NIL                                       |   |

----

----

|                                                                         | Page        |
|------------------------------------------------------------------------------|-------------|
|                                                                         |        |
| Report      of Independent Registered Public Accountants                     | F -      1  |
|                                                                         |        |
| Consolidated      Balance Sheets                                             |        |
|    June      30, 2009 and 2008                                | F -      3  |
|                                                                         |        |
| Consolidated      Statements of Operations for the                           |        |
|    Years      Ended June 30, 2009 and 2008 and the Cumulative |        |
|    Period      May 5, 1999 (inception) to June 30, 2009       | F -      4  |
|                                                                         |        |
| Consolidated      Statement of Stockholders' Equity for the                  |        |
|    Period      May 5, 1999 (Inception) to June 30, 2009       | F -      5  |
|                                                                         |        |
| Consolidated      Statements of Cash Flows for the                           |        |
|    Years      Ended June 30, 2009 and 2008 and the Cumulative |        |
|    Period      May 5, 1999 (Inception) to June 30, 2009       | F -      22 |
|                                                                         |        |
| Notes      to Consolidated Financial Statements                              | F -      24 |

----

----

----

| ASSETS:                                                                                    |   | June      30, |        |
|--------------------------------------------------------------------------------------------|--------|---------------|-------------|
|                                                                                       |   | 2009          |        |   | 2008 |   |
| Current      Assets:                                                                       |   |          |        |   |   |   |
|    Cash                                                                     |   | $             | -           |   |   | $ | 4,341 |   |
|    Prepaid      Expense                                                     |   |          | 38,950      |   |   |   | 6,750 |   |
|        Total      Current Assets                        |   |          | 38,950      |   |   |   | 11,091 |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| Fixed      Assets:                                                                         |   |          |        |   |   |   |   |   |
|    Office      Equipment                                                    |   |          | 16,745      |   |   |   | 16,745 |   |
|    Less      Accumulated Depreciation                                       |   |          | (15,335     | ) |   |   | (14,375 | ) |
|        Net      Fixed Assets                            |   |          | 1,410       |   |   |   | 2,370 |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| Intangible      and Other Non- Current Assets:                                             |   |          |        |   |   |   |   |   |
|    Investment      in JamOakie                                              |   |          | 11,893      |   |   |   | 11,893 |   |
|    Films,      Manuscripts, Recordings and Similar Property                 |   |          | 430,078     |   |   |   | 406,750 |   |
|        Net      Intangible and Other Non-Current Assets |   |          | 441,971     |   |   |   | 418,643 |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| Total      Assets                                                                          |   | $             | 482,331     |   |   | $ | 432,104 |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’      EQUITY:                                           |   |          |        |   |   |   |   |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| Liabilities:                                                                               |   |          |        |   |   |   |   |   |
|    Accounts      Payable                                                    |   | $             | 198,844     |   |   | $ | 188,510 |   |
|    Accrued      Expenses                                                    |   |          | 402,908     |   |   |   | 613,790 |   |
|    Bank      Overdraft                                                      |   |          | 4,709       |   |   |   |   |   |
|    Lawsuit      Payable                                                     |   |          | 32,411      |   |   |   | 32,411 |   |
|    Loans      from Shareholders                                             |   |          | 981,492     |   |   |   | 795,079 |   |
|       Total      Current Liabilities                         |   |          | 1,620,364   |   |   |   | 1,629,790 |   |
|                                                                                       |   |          |        |   |   |   |   |   |
| Stockholders'      Equity:                                                                 |   |          |        |   |   |   |   |   |
|   Common      Stock, $.001 Par value                                             |   |          |        |   |   |   |   |   |
|     Authorized      100,000,000 shares,                                |   |          |        |   |   |   |   |   |
|     Issued      23,786,138 shares at June 30, 2009                     |   |          |        |   |   |   |   |   |
|       and      22,720,138 shares at June 30, 2008            |   |          | 23,786      |   |   |   | 22,720 |   |
|   Common      Stock to be Issued, 96,000 shares at                               |   |          |        |   |   |   |   |   |
|       June      30, 2009 and 2008                            |   |          | 96          |   |   |   | 96 |   |
|   Additional      Paid in Capital                                                |   |          | 15,858,149  |   |   |   | 15,334,465 |   |
|   Deficit      Accumulated During the Development Stage                          |   |          | (17,020,064 | ) |   |   | (16,554,967 | ) |
|      Total      Stockholders' Equity                              |   |          | (1,138,033  | ) |   |   | (1,197,686 | ) |
|                                                                                       |   |          |        |   |   |   |   |   |
|      Total      Liabilities and Stockholders' Equity              |   | $             | 482,331     |   |   | $ | 432,104 |   |

----

|                                                                   |   |                     |       |   |              |   |       | Cumulative        |   |
|------------------------------------------------------------------------|--------|--------------------------|------------|--------|-------------------|--------|------------|-------------------|--------|
|                                                                   |   |                     |       |   |              |   |       | Since      May 5, |   |
|                                                                   |   |                     |       |   | 1999              |   |
|                                                                   |   | For      the Years Ended |       |   | Inception      of |   |
|                                                                   |   | June      30,            |       |   | Development       |   |
|                                                                   |   | 2009                     |       |   | 2008              |   |       | Stage             |   |
|                                                                   |   |                     |       |   |              |   |       |              |   |
| Revenues                                                               |   | $                        | -          |   |              | $      | -          |              |   | $ | - |   |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Expenses                                                               |   |                     |       |   |              |   |       |              |   |   |   |   |
| Research      & Development                                        |   |                     | -          |   |              |   | -          |              |   |   | 293,000 |   |
| General      & Administrative                                      |   |                     | 248,639    |   |              |   | 316,676    |              |   |   | 9,166,953 |   |
| Salaries      & Consulting                                         |   |                     | 246,908    |   |              |   | 892,949    |              |   |   | 6,526,721 |   |
| Advertising      & Promotion                                       |   |                     | -          |   |              |   | -          |              |   |   | 418,423 |   |
| Loss      on Investment                                                |   |                     | -          |   |              |   | -          |              |   |   | 558,191 |   |
| Lawsuit      Settlement                                                |   |                     | -          |   |              |   | 6,600      |              |   |   | 111,511 |   |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Operating      Loss                                                    |   |                     | (495,547   | )      |              |   | (1,216,225 | )                 |   |   | (17,074,799 | ) |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Other      income (expense):                                           |   |                     |       |   |              |   |       |              |   |   |   |   |
|    Interest      income                                 |   |                     | 1          |   |              |   | 2,561      |              |   |   | 2,562 |   |
|    Interest      expense                                |   |                     | (106,251   | )      |              |   | (118,965   | )                 |   |   | (672,503 | ) |
|    Forgiveness      of debt                             |   |                     | 137,500    |   |              |   | -          |              |   |   | 600,138 |   |
|    Investment      Fee                                  |   |                     | -          |   |              |   | -          |              |   |   | (75,000 | ) |
|    Loss      on Sale of Assets                          |   |                     | -          |   |              |   | -          |              |   |   | (15,883 | ) |
|    Write      off of Note Receivable                    |   |                     | -          |   |              |   | -          |              |   |   | (191,701 | ) |
|    Gain      (Loss) on Available for Sale               |   |                     |       |   |              |   |       |              |   |   |   |   |
|           Securities |   |                     | -          |   |              |   | -          |              |   |   | 412,772 |   |
| Total      Other Income (expense)                                      |   |                     | 31,250     |   |              |   | (116,404   | )                 |   |   | 60,385 |   |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
|        Net      Loss Before Taxes   |   |                     | (464,297   | )      |              |   | (1,332,629 | )                 |   |   | (17,014,414 | ) |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Income      Tax Expense                                                |   |                     | (800       | )      |              |   | (800       | )                 |   |   | (5,650 | ) |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
|        Net      Loss                |   | $                        | (465,097   | )      |              | $      | (1,333,429 | )                 |   | $ | (17,020,064 | ) |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Basic      & Diluted loss Per Share                                |   | $                        | (0.02      | )      |              | $      | (0.06      | )                 |   |   |   |   |
|                                                                   |   |                     |       |   |              |   |       |              |   |   |   |   |
| Weighted      Average                                                  |   |                     | 23,700,946 |   |              |   | 21,453,676 |              |   |   |   |   |

----

|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |      |
|----------------------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|-----------|
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |      |
|                                                     |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |      |
|                                                     |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                     |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |      |
| May      5, 1999 Stock Issued for Services               |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |
|   and      Payment of Accounts Payable         |   |              | 1,530,000  |   |   | $      | 1,530  |              |   | $      | -           |   |   | $           | 3,470     |   |   | $ | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Net      Loss                                            |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -         |   |   |   | (144,977 | ) |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Balance      at June 30, 1999                            |   |              | 1,530,000  |   |   |   | 1,530  |              |   |   | -           |   |   |        | 3,470     |   |   |   | (144,977 | ) |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Retroactive      Adjustment for 25:1                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Stock      Split May 30, 2003                |   |              | (1,468,800 | )      |   |   | (1,469 | )                 |   |   | -           |   |   |        | 1,469     |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Restated      Balance June 30, 1999                      |   |              | 61,200     |   |   |   | 61     |              |   |   | -           |   |   |        | 4,939     |   |   |   | (144,977 | ) |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| December      2, 1999 Stock Issued in                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Exchange      for Assets               |   |              | 58,800     |   |   |   | 59     |              |   |   | -           |   |   |        | 4,011,841 |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| December      3, 1999 Stock Issued in                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Connection      to Merger with Kestrel |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Equity      Corporation                |   |              | 48,000     |   |   |   | 48     |              |   |   | -           |   |   |        | (112,114  | ) |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| December      31, 1999 Stock Issued                      |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    for      Services                      |   |              | 14,000     |   |   |   | 14     |              |   |   | -           |   |   |        | 699,986   |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| February      14, 2000 Stock Issued                      |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    for      Services                      |   |              | 4,000      |   |   |   | 4      |              |   |   | -           |   |   |        | 99,996    |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| April      17, 2000 Stock Issued for                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                               |   |              | 4,000      |   |   |   | 4      |              |   |   | -           |   |   |        | 99,996    |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| May      4, 2000 Stock Issued for Cash                   |   |              | 2,200      |   |   |   | 2      |              |   |   | -           |   |   |        | 54,998    |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      2, 2000 Stock Issued for Services              |   |              | 4,000      |   |   |   | 4      |              |   |   | -           |   |   |        | 99,996    |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      30, 2000 Stock Issued for Cash                 |   |              | 1,420      |   |   |   | 2      |              |   |   | -           |   |   |        | 35,498    |   |   |   | - |   |
|                                                     |   |              |       |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Net      Loss                                            |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -         |   |   |   | (2,680,213 | ) |

----

|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   | Deficit     |      |
|----------------------------------------------------|--------|-------------------|---------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|-----------|
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   | Accumulated |      |
|                                               |   |              |    |   |   |   |   | Common            |   |   | Additional  |   |   | During      |      |
|                                               |   | Common      Stock |    |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                               |   | Shares            |    |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |      |
| Balance      at June 30, 2000                      |   |              | 197,620 |   |   | $      | 198    |              |   | $      | -           |   |   | $           | 4,995,136 |   |   | $ | (2,825,190 | ) |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      13, 2000 Stock Issued for           |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of notes payable |   |              | 5,000   |   |   |   | 5      |              |   |   | -           |   |   |        | 141,245   |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      29, 2000 Stock Issued for           |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Advertising                            |   |              | 4,000   |   |   |   | 4      |              |   |   | -           |   |   |        | 94,996    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| October      27, 2000 Stock Issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Advertising                            |   |              | 500     |   |   |   | -      |              |   |   | -           |   |   |        | 12,500    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| November      15, 2000 Stock Issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Conversion      of Note Payable        |   |              | 32,000  |   |   |   | 32     |              |   |   | -           |   |   |        | 407,106   |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| November      22, 2000 Stock Issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Conversion      of Note Payable        |   |              | 2,000   |   |   |   | 2      |              |   |   | -           |   |   |        | 24,998    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| November      22, 2000 Stock Issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Consulting                             |   |              | 4,080   |   |   |   | 4      |              |   |   | -           |   |   |        | 101,996   |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| December      4, 2000 Stock Issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                         |   |              | 400     |   |   |   | -      |              |   |   | -           |   |   |        | 10,200    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| December      14, 2000 Stock Issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                         |   |              | 4,000   |   |   |   | 4      |              |   |   | -           |   |   |        | 105,996   |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| January      23, 2001 Stock Issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Cash                             |   |              | 600     |   |   |   | 1      |              |   |   | -           |   |   |        | 14,999    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| January      30, 2001 Stock Issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                         |   |              | 4,724   |   |   |   | 4      |              |   |   | -           |   |   |        | 64,946    |   |   |   | - |   |
|                                               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| March      10, 2001 Stock Issued for               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                         |   |              | 8,000   |   |   |   | 8      |              |   |   | -           |   |   |        | 153,992   |   |   |   | - |   |

----

|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   | Deficit     |      |
|-----------------------------------------------------------|--------|-------------------|---------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|-----------|
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   | Accumulated |      |
|                                                      |   |              |    |   |   |   |   | Common            |   |   | Additional  |   |   | During      |      |
|                                                      |   | Common      Stock |    |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                      |   | Shares            |    |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |      |
| April      9, 2001 Stock Issued for                       |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |
|    Advertising                             |   |              | 3,600   |   |   | $      | 4      |              |   | $      | -           |   |   | $           | 49,496    |   |   | $ | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| April      18, 2001 Stock Issued for                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Acquisition      of Wilfield Entertainment    |   |              | 16,000  |   |   |   | 16     |              |   |   | -           |   |   |        | 219,984   |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| May      25, 2001 Shares Cancelled for                    |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Non-Performance      of Advertising and |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                                |   |              | (14,000 | )      |   |   | (14    | )                 |   |   | -           |   |   |        | (328,486  | ) |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      1, 2001 Shares Issued for                       |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of Notes Payable        |   |              | 840     |   |   |   | 1      |              |   |   | -           |   |   |        | 7,512     |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      15, 2001 Shares Issued for                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                                |   |              | 1,000   |   |   |   | 1      |              |   |   | -           |   |   |        | 14,999    |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      28, 2001 Shares Issued for                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Advertising                             |   |              | 4,000   |   |   |   | 4      |              |   |   | -           |   |   |        | 59,996    |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      28, 2001 Shares Issued for                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                                |   |              | 6,000   |   |   |   | 6      |              |   |   | -           |   |   |        | 89,994    |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      29, 2001 Shares Issued for                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of Notes Payable        |   |              | 34,000  |   |   |   | 34     |              |   |   | -           |   |   |        | 224,966   |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Net      Loss                                             |   |              | -       |   |   |   | -      |              |   |   | -           |   |   |        | -         |   |   |   | (4,572,325 | ) |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Balance      at June 30, 2001                             |   |              | 314,364 |   |   |   | 314    |              |   |   | -           |   |   |        | 6,466,571 |   |   |   | (7,397,515 | ) |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      3, 2001 Shares Issued for Expense               |   |              | 1,000   |   |   |   | 1      |              |   |   | -           |   |   |        | 9,999     |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      3, 2001 Shares Issued for Services              |   |              | 5,000   |   |   |   | 5      |              |   |   | -           |   |   |        | 74,995    |   |   |   | - |   |
|                                                      |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      25, 2001 Shares Issued for Cash                 |   |              | 1,600   |   |   |   | 1      |              |   |   | -           |   |   |        | 19,999    |   |   |   | - |   |

----

|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   | Deficit     |      |
|--------------------------------------------------------|--------|-------------------|---------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|-----------|
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   | Accumulated |      |
|                                                   |   |              |    |   |   |   |   | Common            |   |   | Additional  |   |   | During      |      |
|                                                   |   | Common      Stock |    |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                   |   | Shares            |    |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |      |
| July      30, 2001 Shares Issued for                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |
|     Consulting                     |   |              | 4,400   |   |   | $      | 4      |              |   | $      | -           |   |   | $           | 45,096    |   |   | $ | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| August      29, 2001 Shares Issued for                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|     Interest      on Notes Payable |   |              | 13,400  |   |   |   | 13     |              |   |   | -           |   |   |        | 100,487   |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      10, 2001 Shares Issued for              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|     Services                       |   |              | 800     |   |   |   | 1      |              |   |   | -           |   |   |        | 5,999     |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      10, 2001 Shares Issued for              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of Note Payable      |   |              | 4,000   |   |   |   | 4      |              |   |   | -           |   |   |        | 25,596    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      25, 2001 Shares Canceled                |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    For      Non-Performance of Contract |   |              | (4,000  | )      |   |   | (4     | )                 |   |   | -           |   |   |        | 70,536    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      27, 2001 Shares Issued for              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|     Services                       |   |              | 101,000 |   |   |   | 101    |              |   |   | -           |   |   |        | 1,136,149 |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| September      27, 2001 Shares Issued for              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Cash      and Commission             |   |              | 2,000   |   |   |   | 2      |              |   |   | -           |   |   |        | 24,998    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| October      2, 2001 Shares Issued for                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                             |   |              | 18,000  |   |   |   | 18     |              |   |   | -           |   |   |        | 242,982   |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| October      31, 2001 Shares Issued for                |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of Note Payable      |   |              | 10,182  |   |   |   | 10     |              |   |   | -           |   |   |        | 89,085    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| November      1, 2001 Shares Issued for                |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                             |   |              | 2,825   |   |   |   | 3      |              |   |   | -           |   |   |        | 14,123    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| November      7, 2001 Shares Issued for                |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Conversion      of Note Payable      |   |              | 8,910   |   |   |   | 9      |              |   |   | -           |   |   |        | 55,676    |   |   |   | - |   |
|                                                   |   |              |    |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |

----

|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   | Deficit     |    |
|------------------------------------------------------|--------|-------------------|--------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|---------|
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   | Accumulated |    |
|                                                 |   |              |   |   |   |   |   | Common            |   |   | Additional  |   |   | During      |    |
|                                                 |   | Common      Stock |   |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                 |   | Shares            |   |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |    |
| December      19, 2001 Shares Issued for             |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |
|    Services                           |   |              | 44,000 |   |   | $      | 44     |              |   | $      | -           |   |   | $           | 153,956 |   |   | $ | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| December      19, 2001 Shares Issued for             |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Conversion      of Note Payable    |   |              | 6,820  |   |   |   | 7      |              |   |   | -           |   |   |        | 23,863  |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| December      20, 2001 Shares Issued for             |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Services                           |   |              | 30,000 |   |   |   | 30     |              |   |   | -           |   |   |        | 157,470 |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      15, 2002 Shares Issued for              |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Cash                               |   |              | 12,000 |   |   |   | 12     |              |   |   | -           |   |   |        | 99,988  |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      24, 2002 Shares Issued for              |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Previous      Conversion of Note Payable |   |              | 55,660 |   |   |   | 56     |              |   |   | -           |   |   |        | (57     | ) |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      25, 2002 Shares Issued for             |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Previous      Conversion of Note Payable |   |              | 63,525 |   |   |   | 64     |              |   |   | -           |   |   |        | (64     | ) |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      10, 2002 Shares Issued for                |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Conversion      of Note Payable          |   |              | 9,920  |   |   |   | 10     |              |   |   | -           |   |   |        | 32,617  |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      15, 2002 Shares Issued for Rent           |   |              | 2,000  |   |   |   | 2      |              |   |   | -           |   |   |        | 3,998   |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      15, 2002 Shares Issued for Cash           |   |              | 4,000  |   |   |   | 4      |              |   |   | -           |   |   |        | 2,996   |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      29, 2002 Shares Issued for                |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Project      Agreement             |   |              | 8,000  |   |   |   | 8      |              |   |   | -           |   |   |        | 11,992  |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      29, 2002 Shares Issued for                |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Consulting                         |   |              | 4,000  |   |   |   | 4      |              |   |   | -           |   |   |        | 5,996   |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| May      8, 2002 Shares Issued for Cash              |   |              | 4,000  |   |   |   | 4      |              |   |   | -           |   |   |        | 2,496   |   |   |   | - |   |
|                                                 |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| May      24, 2002 Shares Issued for                  |   |              |   |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Consulting                         |   |              | 4,000  |   |   |   | 4      |              |   |   | -           |   |   |        | 3,496   |   |   |   | - |   |

----

|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|---------------------------------------------------|--------|-------------------|----------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                              |   |              |     |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                              |   | Common      Stock |     |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                              |   | Shares            |     |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
| May      30, 2002 Shares Issued for               |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |
|   Project      Agreement                |   |              | 4,000    |   |   | $      | 4      |              |   | $      | -           |   |   | $           | 2,996      |   |   | $ | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| June      24, 2002 Shares Issued for Cash         |   |              | 4,000    |   |   |   | 4      |              |   |   | -           |   |   |        | 7,496      |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      Loss                                     |   |              | -        |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (1,066,683 | ) |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2002                     |   |              | 739,406  |   |   |   | 739    |              |   |   | -           |   |   |        | 8,891,530  |   |   |   | (8,464,198 | ) |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      1, 2002 Shares Issued for Cash          |   |              | 34,000   |   |   |   | 34     |              |   |   | -           |   |   |        | 9,466      |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      8, 2002 Shares Issued for               |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Interest      on Debt Retirement      |   |              | 85,344   |   |   |   | 85     |              |   |   | -           |   |   |        | 81,582     |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| December      20, 2002, Shares returned           |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    to      treasury and cancelled  |   |              | (20,000  | )      |   |   | (20    | )                 |   |   | -           |   |   |        | 20         |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| December      23, 2002, Shares                    |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Cancelled      for non-performance of |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Services                              |   |              | (104,000 | )      |   |   | (104   | )                 |   |   | -           |   |   |        | (1,054,396 | ) |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| January      1, 2003, Shares Issued for           |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Services                              |   |              | 494,000  |   |   |   | 494    |              |   |   | -           |   |   |        | 370,006    |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      18, 2003, Shares Issued for            |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Services                              |   |              | 52,600   |   |   |   | 53     |              |   |   | -           |   |   |        | 26,247     |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      26, 2003, Shares Issued for            |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Conversion      of Debt               |   |              | 160,000  |   |   |   | 160    |              |   |   | -           |   |   |        | 274,772    |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      26, 2003, Shares Issued for            |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Services                              |   |              | 13,200   |   |   |   | 13     |              |   |   | -           |   |   |        | 6,587      |   |   |   | - |   |
|                                              |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| May      9, 2003, Shares Issued for               |   |              |     |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Services                              |   |              | 101,600  |   |   |   | 102    |              |   |   | -           |   |   |        | 25,298     |   |   |   | - |   |

----

|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   | Deficit     |      |
|---------------------------------------------|--------|-------------------|-----------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|-----------|
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   | Accumulated |      |
|                                        |   |              |      |   |   |   |   | Common            |   |   | Additional  |   |   | During      |      |
|                                        |   | Common      Stock |      |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                        |   | Shares            |      |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |      |
| May      29, 2003, Shares Issued for        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |
|   Services                        |   |              | 108,000   |   |   | $      | 108    |              |   | $      | -           |   |   | $           | 121,932   |   |   | $ | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      2, 2003, Shares Issued for        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Services                        |   |              | 38,000    |   |   |   | 38     |              |   |   | -           |   |   |        | 42,902    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      2, 2003, Shares Issued for        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Conversion      of Debt         |   |              | 88,000    |   |   |   | 88     |              |   |   | -           |   |   |        | 19,912    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      3, 2003, Shares Cancelled for     |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Non-Performance      of Service |   |              | (12,000   | )      |   |   | (12    | )                 |   |   | -           |   |   |        | (56,988   | ) |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      12, 2003, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Services                        |   |              | 2,000,000 |   |   |   | 2,000  |              |   |   | -           |   |   |        | 598,000   |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      20, 2003, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Services                        |   |              | 10,000    |   |   |   | 10     |              |   |   | -           |   |   |        | 5,990     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| June      25, 2003, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|   Conversion      of Debt         |   |              | 40,000    |   |   |   | 40     |              |   |   | -           |   |   |        | 15,451    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Net      Loss                               |   |              | -         |   |   |   | -      |              |   |   | -           |   |   |        | -         |   |   |   | (1,447,447 | ) |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| Balance      at June 30, 2003               |   |              | 3,828,150 |   |   |   | 3,828  |              |   |   | -           |   |   |        | 9,378,311 |   |   |   | (9,911,645 | ) |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      1, 2003, Shares Issued for        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                  |   |              | 100,000   |   |   |   | 100    |              |   |   | -           |   |   |        | 47,900    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      8, 2003 Loan Converted to Shares  |   |              | 30,000    |   |   |   | 30     |              |   |   | -           |   |   |        | 8,875     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
| July      9, 2003, Shares Issued for        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |
|    Services                  |   |              | 70,000    |   |   |   | 70     |              |   |   | -           |   |   |        | 23,930    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |      |   |   |   |   |   |

----

|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   | Deficit     |    |
|-----------------------------------------------|--------|-------------------|-----------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|---------|
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   | Accumulated |    |
|                                          |   |              |      |   |   |   |   | Common            |   |   | Additional  |   |   | During      |    |
|                                          |   | Common      Stock |      |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                          |   | Shares            |      |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |    |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |
| September      11, 2003, Shares Issued        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |
|   for      Services                 |   |              | 218,000   |   |   | $      | 218    |              |   | $      | -           |   |   | $           | 101,382 |   |   | $ | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      17, 2003, Shares Issued        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   for      Services                 |   |              | 100,000   |   |   |   | 100    |              |   |   | -           |   |   |        | 51,900  |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      29, 2003, Shares Issued        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   for      Services                 |   |              | 710,000   |   |   |   | 710    |              |   |   | -           |   |   |        | 403,990 |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| October      1, 2003, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Cash                              |   |              | 200,000   |   |   |   | 200    |              |   |   | -           |   |   |        | 55,300  |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| October      1, 2003, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                          |   |              | 20,000    |   |   |   | 20     |              |   |   | -           |   |   |        | 4,980   |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| November      17, 2003, Shares                |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Canceled      for Non-Performance |   |              | (100,000  | )      |   |   | (100   | )                 |   |   | -           |   |   |        | (47,800 | ) |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| December      2, 2003, Shares Issued for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                          |   |              | 1,223,072 |   |   |   | 1,223  |              |   |   | -           |   |   |        | 210,277 |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      12, 2004, Shares Issued for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                          |   |              | 90,000    |   |   |   | 90     |              |   |   | -           |   |   |        | 53,910  |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      20, 2004, Shares Issued for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Conversion      of Note Payable   |   |              | 200,000   |   |   |   | 200    |              |   |   | -           |   |   |        | 34,846  |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      2, 2004, Shares Issued for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Cash                              |   |              | 400,000   |   |   |   | 400    |              |   |   | -           |   |   |        | 99,600  |   |   |   | - |   |
|                                          |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      9, 2004, Shares Canceled        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   for      Non-Performance          |   |              | (20,000   | )      |   |   | (20    | )                 |   |   | -           |   |   |        | (4,980  | ) |   |   | - |   |

----

|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   | Deficit     |    |
|--------------------------------------------|--------|-------------------|----------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|---------|
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   | Accumulated |    |
|                                       |   |              |     |   |   |   |   | Common            |   |   | Additional  |   |   | During      |    |
|                                       |   | Common      Stock |     |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                       |   | Shares            |     |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |    |
| March      9, 2004, Shares Issued for      |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |
|   Cash                           |   |              | 25,000   |   |   | $      | 25     |              |   | $      | -           |   |   | $           | 12,475  |   |   | $ | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      9, 2004, Shares Issued for      |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Rent      and Accounts Payable |   |              | 100,000  |   |   |   | 100    |              |   |   | -           |   |   |        | 24,900  |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      9, 2004, Shares Canceled for    |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Non-Performance                |   |              | (156,000 | )      |   |   | (156   | )                 |   |   | -           |   |   |        | (75,276 | ) |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      11, 2004, Shares Issued for     |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                       |   |              | 345,000  |   |   |   | 345    |              |   |   | -           |   |   |        | 689,655 |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      7, 2004, Shares Issued for      |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                       |   |              | 60,000   |   |   |   | 60     |              |   |   | -           |   |   |        | 122,740 |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      7, 2004, Shares Issued for      |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Cash                           |   |              | 375,000  |   |   |   | 375    |              |   |   | -           |   |   |        | 214,495 |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      7, 2004, Loan Converted to      |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Shares                         |   |              | 30,000   |   |   |   | 30     |              |   |   | -           |   |   |        | 14,169  |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      14, 2004, Shares Issued for     |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Cash                           |   |              | 100,000  |   |   |   | 100    |              |   |   | -           |   |   |        | 25,000  |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| May      6, 2004, Shares Issued for        |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Cash                           |   |              | 10,000   |   |   |   | 10     |              |   |   | -           |   |   |        | 4,990   |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| May      25, 2004, Shares Issued for       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Services                       |   |              | 50,000   |   |   |   | 50     |              |   |   | -           |   |   |        | 40,450  |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| June      8, 2004, Shares Issued for       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|   Investment      Expense        |   |              | 100,000  |   |   |   | 100    |              |   |   | -           |   |   |        | 74,900  |   |   |   | - |   |
|                                       |   |              |     |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |

----

|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|---------------------------------------------|--------|-------------------|-----------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                        |   |              |      |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                        |   | Common      Stock |      |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                        |   | Shares            |      |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |
| June      16, 2004, Shares Issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |
|   Services                        |   |              | 240,000   |   |   | $      | 240    |              |   | $      | -           |   |   | $           | 79,761     |   |   | $ | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Cancellation      of Stock Options for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Non-Performance                             |   |              | -         |   |   |   | -      |              |   |   | -           |   |   |        | 487,500    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      Loss                               |   |              | -         |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (2,945,325 | ) |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2004               |   |              | 8,348,222 |   |   |   | 8,348  |              |   |   | -           |   |   |        | 12,138,180 |   |   |   | (12,856,970 | ) |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      13, 2004, Shares issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Consulting                |   |              | 128,333   |   |   |   | 128    |              |   |   | -           |   |   |        | 54,805     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      22, 2004, Shares issued for       |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|   Consulting                      |   |              | 280,000   |   |   |   | 280    |              |   |   | -           |   |   |        | 121,920    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      31, 2004, Shares issued for cash  |   |              | 100,000   |   |   |   | 100    |              |   |   | -           |   |   |        | 24,870     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      9, 2004, Shares issued for      |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Consulting                |   |              | 620,000   |   |   |   | 620    |              |   |   | -           |   |   |        | 183,380    |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      26, 2004 Shares issued for cash |   |              | 100,000   |   |   |   | 100    |              |   |   | -           |   |   |        | 24,900     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      30, 2004 Shares issued for cash |   |              | 200,000   |   |   |   | 200    |              |   |   | -           |   |   |        | 49,800     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      30, 2004, Shares issued for     |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Consulting                |   |              | 70,000    |   |   |   | 70     |              |   |   | -           |   |   |        | 17,430     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| September      17, 2004, Shares issued for  |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Services                  |   |              | 136,000   |   |   |   | 136    |              |   |   | -           |   |   |        | 82,464     |   |   |   | - |   |
|                                        |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| December      8, 2004, Shares issued for    |   |              |      |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Services                  |   |              | 36,000    |   |   |   | 36     |              |   |   | -           |   |   |        | 17,964     |   |   |   | - |   |

----

|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   | Deficit     |    |
|------------------------------------------------------|--------|-------------------|---------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|---------|
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   | Accumulated |    |
|                                                 |   |              |    |   |   |   |   | Common            |   |   | Additional  |   |   | During      |    |
|                                                 |   | Common      Stock |    |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                 |   | Shares            |    |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |    |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |
| December      15, 2004, Shares Issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |
|   Services                                 |   |              | 45,000  |   |   | $      | 45     |              |   | $      | -           |   |   | $           | 19,955  |   |   | $ | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| December      15, 2004, Loans Converted              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    To      Shares                     |   |              | 103,300 |   |   |   | 103    |              |   |   | -           |   |   |        | 38,897  |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| December      17, 2004, Shares issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Services                           |   |              | 5,000   |   |   |   | 5      |              |   |   | -           |   |   |        | 1,845   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      24, 2005, Shares issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Services                           |   |              | 15,000  |   |   |   | 15     |              |   |   | -           |   |   |        | 3,735   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| January      24, 2005, Shares issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Cash                               |   |              | 20,000  |   |   |   | 20     |              |   |   | -           |   |   |        | 4,980   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      1, 2005, Shares issued for             |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Cash                               |   |              | 120,000 |   |   |   | 120    |              |   |   | -           |   |   |        | 24,880  |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      22, 2005, Shares issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Cash                               |   |              | 20,000  |   |   |   | 20     |              |   |   | -           |   |   |        | 4,980   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      30, 2005, Shares issued for               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Services                           |   |              | 355,000 |   |   |   | 355    |              |   |   | -           |   |   |        | 163,745 |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      30, 2005, Shares issued for               |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Accounts      payable              |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 24,900  |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      4, 2005, Shares issued for                |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    Services                           |   |              | 20,000  |   |   |   | 20     |              |   |   | -           |   |   |        | 6,980   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| Shares      to be issued for payroll                 |   |              | -       |   |   |   | -      |              |   |   | 267         |   |   |        | 266,399 |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| Shares      to be issued for Investment              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    In      JamOakie Productions, Inc. |   |              | -       |   |   |   | -      |              |   |   | 20          |   |   |        | 5,980   |   |   |   | - |   |
|                                                 |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| Shares      to be issued for expenses                |   |              | -       |   |   |   | -      |              |   |   | 100         |   |   |        | 34,900  |   |   |   | - |   |

----

|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|------------------------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                                       |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                                       |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                       |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
| Shares      to be issued for conversion of                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
|    Loans      payable                       |   |              | -          |   |   | $      | -      |              |   | $      | 153         |   |   | $           | 31,847     |   |   | $ | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      Loss                                              |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (1,833,011 | ) |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2005                              |   |              | 10,821,855 |   |   |   | 10,821 |              |   |   | 540         |   |   |        | 13,349,736 |   |   |   | (14,689,981 | ) |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      24, 2005 - Shares issued for                   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    payroll      - authorized in prior year  |   |              | 266,666    |   |   |   | 267    |              |   |   | (267        | )      |   |        | -          |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      24, 2005 - Shares issued for                   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    accrued      consulting                  |   |              | 15,000     |   |   |   | 15     |              |   |   | -           |   |   |        | 14,985     |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      15, 2006 - Shares issued for                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    investment      in JamOakie Productions, |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    Inc.      - authorized in prior year     |   |              | 20,000     |   |   |   | 20     |              |   |   | (20         | )      |   |        | -          |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      15, 2006 - Shares issued for                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    conversion      of loans payable -       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    authorized      in prior year            |   |              | 137,000    |   |   |   | 137    |              |   |   | (137        | )      |   |        | -          |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      15, 2006 - Shares issued for                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    conversion      of loans payable         |   |              | 832,083    |   |   |   | 832    |              |   |   | -           |   |   |        | 84,043     |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      15, 2006 - Shares issued for                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    expenses                                 |   |              | 277,500    |   |   |   | 278    |              |   |   | -           |   |   |        | 23,579     |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      17, 2006 - Shares returned to                   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    treasury      and cancelled              |   |              | (50,000    | )      |   |   | (50    | )                 |   |   | -           |   |   |        | 50         |   |   |   |   |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      18, 2006 - Shares returned to                   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    treasury      and cancelled              |   |              | (100,000   | )      |   |   | (100   | )                 |   |   | -           |   |   |        | 100        |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      18, 2006 - Shares issued for                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    conversion      of loans payable         |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 4,950      |   |   |   | - |   |
|                                                       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |

----

|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|-----------------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                                |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                                |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
| May      30, 2006 - Shares issued for               |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
|    conversion      of loans payable  |   |              | 2,749,972  |   |   | $      | 2,750  |              |   | $      | -           |   |   | $           | 273,047    |   |   | $ | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| June      29, 2006 - Shares issued for              |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    consulting      expense           |   |              | 200,000    |   |   |   | 200    |              |   |   | -           |   |   |        | 19,800     |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| June      29, 2006 - Shares issued for              |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    conversion      of loans payable  |   |              | 25,000     |   |   |   | 25     |              |   |   | -           |   |   |        | 2,475      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Shares      to be issued for loans payable          |   |              | -          |   |   |   | -      |              |   |   | 40          |   |   |        | 3,960      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      Loss                                       |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (487,303 | ) |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2006                       |   |              | 15,245,076 |   |   |   | 15,245 |              |   |   | 156         |   |   |        | 13,776,725 |   |   |   | (15,177,284 | ) |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      7, 2006 - Shares issued for cash          |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 7,900      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      24, 2006 - Shares issued for cash         |   |              | 16,250     |   |   |   | 16     |              |   |   | -           |   |   |        | 1,284      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      27, 2006 - Shares issued for cash         |   |              | 125,000    |   |   |   | 125    |              |   |   | -           |   |   |        | 9,875      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| September      13, 2006 - Shares issued for         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    cash                              |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 3,975      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| October      12, 2006 - Shares issued for           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    accounts      payable and accrued |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    expenses                          |   |              | 575,000    |   |   |   | 575    |              |   |   | (100        | )      |   |        | 47,025     |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| November      1, 2006 - Shares issued for           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    accrued      expenses             |   |              | 70,000     |   |   |   | 70     |              |   |   | -           |   |   |        | 6,930      |   |   |   |   |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| November      14, 2006 - Shares issued              |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    for      cash                     |   |              | 28,600     |   |   |   | 29     |              |   |   | -           |   |   |        | 1,971      |   |   |   | - |   |
|                                                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| December      8, 2006 - Shares issued for           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    cash                              |   |              | 41,250     |   |   |   | 41     |              |   |   | -           |   |   |        | 2,859      |   |   |   | - |   |

----

|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|----------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                         |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                         |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                         |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
| December      11, 2006 - Shares issued for   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
|    cash                       |   |              | 50,000     |   |   | $      | 50     |              |   | $      | -           |   |   | $           | 3,450      |   |   | $ | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| December      11, 2006 - Shares issued for   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    legal      expenses        |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 4,950      |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| January      31, 2007 - Shares issued for    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    loans      payable         |   |              | 20,000     |   |   |   | 20     |              |   |   | -           |   |   |        | 1,980      |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      8, 2007 - Shares issued for    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    accrued      salary        |   |              | 2,000,000  |   |   |   | 2,000  |              |   |   | -           |   |   |        | 198,000    |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      27, 2007 - Shares issued for   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    loans      payable         |   |              | 305,000    |   |   |   | 305    |              |   |   | -           |   |   |        | 30,195     |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| February      27, 2007 - Shares issued for   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    cash                       |   |              | 75,000     |   |   |   | 75     |              |   |   | -           |   |   |        | 6,425      |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      28, 2007-Shares issued for cash   |   |              | 500,000    |   |   |   | 500    |              |   |   | -           |   |   |        | 24,500     |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      28, 2007 - Shares issued for      |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    consulting      services   |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 9,900      |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      2, 2007 - Shares issued for cash  |   |              | 625,000    |   |   |   | 625    |              |   |   | -           |   |   |        | 108,565    |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      5, 2007 - Shares issued for       |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    consulting      services   |   |              | 206,000    |   |   |   | 206    |              |   |   | -           |   |   |        | 20,394     |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      23, 2007 - Shares issued for cash |   |              | 123,333    |   |   |   | 124    |              |   |   | -           |   |   |        | 39,875     |   |   |   | - |   |
|                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Accrued      expenses converted to           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    contributed      capital   |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | 412,541    |   |   |   | - |   |
| Net      loss                                |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (44,254 | ) |
| Balance      at June 30, 2007                |   |              | 20,305,509 |   |   |   | 20,306 |              |   |   | 56          |   |   |        | 14,719,319 |   |   |   | (15,221,538 | ) |

----

|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   | Deficit     |    |
|---------------------------------------------------|--------|-------------------|---------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|---------|
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   | Accumulated |    |
|                                              |   |              |    |   |   |   |   | Common            |   |   | Additional  |   |   | During      |    |
|                                              |   | Common      Stock |    |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                              |   | Shares            |    |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |    |
| July      12, 2007 - Shares issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |
|    consulting      expense         |   |              | 200,000 |   |   | $      | 200    |              |   | $      | -           |   |   | $           | 64,800  |   |   | $ | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      11, 2007 - Shares issued for       |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    investor      relations expense |   |              | 220,000 |   |   |   | 220    |              |   |   | -           |   |   |        | 76,780  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      19, 2007 - Shares issued for       |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    loan      fees                  |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 34,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      19, 2007 - Shares issued for       |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    accrued      rent               |   |              | 37,879  |   |   |   | 37     |              |   |   | -           |   |   |        | 12,463  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| September      19, 2007-Additional shares         |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    related      to prior issuance  |   |              | 6,750   |   |   |   | 7      |              |   |   | -           |   |   |        | (7      | ) |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| October      15, 2007 - Shares issued for         |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    board      of directors fees    |   |              | 500,000 |   |   |   | 500    |              |   |   | -           |   |   |        | 109,500 |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      12, 2008 - Shares issued for        |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    consulting      expense         |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 19,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      12, 2008 - Shares issued for        |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    investment      in Booty 3D     |   |              | 200,000 |   |   |   | 200    |              |   |   | -           |   |   |        | 31,800  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      12, 2008 - Shares issued for        |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    loan      fees                  |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 17,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      12, 2008 - Shares issued for        |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    investor      relations fees    |   |              | 250,000 |   |   |   | 250    |              |   |   | -           |   |   |        | 44,750  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| February      28, 2008 - Shares issued for        |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    investment      in Booty 3D     |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 26,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| March      6, 2008 - Shares issued for            |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    investment      in Kung Fu U 3D |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 17,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
| April      22, 2008 - Shares issued for           |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |
|    interest      expense           |   |              | 100,000 |   |   |   | 100    |              |   |   | -           |   |   |        | 27,900  |   |   |   | - |   |
|                                              |   |              |    |   |   |   |   |              |   |   |        |   |   |        |    |   |   |   |   |   |

----

|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|---------------------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                                    |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                                    |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                    |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
| May      8, 2008 - Shares issued for                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
|    consulting      expense               |   |              | 100,000    |   |   | $      | 100    |              |   | $      | -           |   |   | $           | 34,900     |   |   | $ | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| May      8, 2008 - Shares issued for                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    board      of directors fees          |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 34,900     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| June      20, 2008 - Shares issued for                  |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    cash                                  |   |              | 200,000    |   |   |   | 200    |              |   |   | -           |   |   |        | 49,800     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Shares      recorded but not yet issued for             |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    investor      relation fees           |   |              | -          |   |   |   | -      |              |   |   | 40          |   |   |        | 10,060     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      loss                                           |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (1,333,429 | ) |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2008                           |   |              | 22,720,138 |   |   |   | 22,720 |              |   |   | 96          |   |   |        | 15,334,465 |   |   |   | (16,554,967 | ) |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      14, 2008 – Shares issued                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    for      cash                         |   |              | 500,000    |   |   |   | 500    |              |   |   | -           |   |   |        | 99,500     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      14, 2008 – Shares issued for services   |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 19,900     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| July      28, 2008 – Shares issued for services   |   |              | 40,000     |   |   |   | 40     |              |   |   | -           |   |   |        | 7,960      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| August      6, 2008 – Shares issued for accrued   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    salary                                |   |              | 1,000,000  |   |   |   | 1,000  |              |   |   | -           |   |   |        | 249,000    |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| September      12, 2008 – Shares issued for cash  |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 10,400     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| January      26, 2009 – Shares issued for cash    |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 4,950      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| January      26, 2009 – Shares issued for         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    consulting      and professional fees |   |              | 115,000    |   |   |   | 115    |              |   |   | -           |   |   |        | 12,535     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      17, 2009 – Shares issued for cash      |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 4,950      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      17, 2009 – Shares issued for interest  |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    expense                               |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 9,900      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      17, 2009 – Shares issued for           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    accrued      rent                     |   |              | 200,000    |   |   |   | 200    |              |   |   | -           |   |   |        | 19,800     |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| March      17, 2009 – Shares issued for           |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|     services                        |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 9,900      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      6, 2009 – Shares issued for cash       |   |              | 100,000    |   |   |   | 100    |              |   |   | -           |   |   |        | 9,900      |   |   |   | - |   |
|                                                    |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |

----

|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   | Deficit     |       |
|--------------------------------------------------------------|--------|-------------------|------------|--------|--------|--------|--------|-------------------|--------|--------|-------------|--------|--------|-------------|------------|
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   | Accumulated |       |
|                                                         |   |              |       |   |   |   |   | Common            |   |   | Additional  |   |   | During      |       |
|                                                         |   | Common      Stock |       |   | Stock  |   |   | Paid      in      |   |   | Development |   |
|                                                         |   | Shares            |       |   | Value  |   |   | to      be Issued |   |   | Capital     |   |   | Stage       |       |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |
| April      27, 2009 – Shares issued for cash           |   |              | 100,000    |   |   | $      | 100    |              |   | $      | -           |   |   | $           | 9,900      |   |   | $ | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      27, 2009 – Shares issued for                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    notes      payable                         |   |              | 70,000     |   |   |   | 70     |              |   |   | -           |   |   |        | 6,930      |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| April      27, 2009 – Shares issued for                |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    consulting      services                   |   |              | 50,000     |   |   |   | 50     |              |   |   | -           |   |   |        | 6,950      |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| May      5, 2009 – Shares issued for                   |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    notes      payable                         |   |              | 200,000    |   |   |   | 200    |              |   |   | -           |   |   |        | 19,800     |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| May      19, 2009 – Shares issued for                  |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    notes      payable                         |   |              | 20,000     |   |   |   | 20     |              |   |   | -           |   |   |        | 1,980      |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| June      15, 2009 – Shares issued for                 |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    rent      expense                          |   |              | 36,000     |   |   |   | 36     |              |   |   | -           |   |   |        | 3,924      |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Shares      returned to treasury and cancelled               |   |              | (1,865,000 | )      |   |   | (1,865 | )                 |   |   | -           |   |   |        | 1,865      |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Interest      expense recorded to paid-in capital            |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    due      to beneficial conversion features |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
|    from      notes payable                    |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | 13,640     |   |   |   | - |   |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Net      loss                                                |   |              | -          |   |   |   | -      |              |   |   | -           |   |   |        | -          |   |   |   | (465,097 | ) |
|                                                         |   |              |       |   |   |   |   |              |   |   |        |   |   |        |       |   |   |   |   |   |
| Balance      at June 30, 2009                                |   |              | 23,786,138 |   |   | $      | 23,786 |              |   | $      | 96          |   |   | $           | 15,858,149 |   |   | $ | (17,020,064 | ) |

----

|                                                                        |   |                     |     |   |              |   |       | Cumulative        |   |
|-----------------------------------------------------------------------------|--------|--------------------------|----------|--------|-------------------|--------|------------|-------------------|--------|
|                                                                        |   |                     |     |   |              |   |       | Since      May 5, |   |
|                                                                        |   |                     |     |   | 1999              |   |
|                                                                        |   | For      the Years Ended |     |   | Inception      of |   |
|                                                                        |   | June      30,            |     |   | Development       |   |
|                                                                        |   | 2009                     |     |   | 2008              |   |       | Stage             |   |
| CASH FLOWS FROM OPERATING      ACTIVITIES:                                  |   |                     |     |   |              |   |       |              |   |
|                                                                        |   |                     |     |   |              |   |       |              |   |
| Net      Loss                                                               |   | $                        | (465,097 | )      |              | $      | (1,333,429 | )                 |   | $ | (17,020,064 | ) |
| Adjustments      to reconcile net loss to net                               |   |                     |     |   |              |   |       |              |   |   |   |   |
| cash      used in operating activities:                                     |   |                     |     |   |              |   |       |              |   |   |   |   |
|    Depreciation      and Amortization                        |   |                     | 960      |   |              |   | 630        |              |   |   | 3,538,018 |   |
|    Interest      expense from beneficial conversion features |   |                     | 13,640   |   |              |   | -          |              |   |   | 13,640 |   |
|    Issuance      of Common Stock for Expenses                |   |                     | 71,610   |   |              |   | 478,100    |              |   |   | 6,908,295 |   |
|    Stock      Issued for Payment of Accounts Payable         |   |                     | 20,000   |   |              |   | -          |              |   |   | 70,500 |   |
|    Stock      Issued for accrued expenses                    |   |                     | -        |   |              |   | 12,500     |              |   |   | 494,166 |   |
|    Compensation      Expense from Stock Options              |   |                     | -        |   |              |   | -          |              |   |   | 487,500 |   |
|    Realized      gain on trading investments                 |   |                     | -        |   |              |   | -          |              |   |   | (412,773 | ) |
|    Loss      on sale of assets                               |   |                     | -        |   |              |   | -          |              |   |   | 15,883 |   |
|    Loss      on Investment Written Off                       |   |                     | -        |   |              |   | -          |              |   |   | 557,008 |   |
|    Gain      on Forgiveness of Debt                          |   |                     | (137,500 | )      |              |   | -          |              |   |   | (600,138 | ) |
|    Cash      acquired in merger                              |   |                     | -        |   |              |   | -          |              |   |   | 332 |   |
|                                                                        |   |                     |     |   |              |   |       |              |   |   |   |   |
| Change      in operating assets and liabilities:                            |   |                     |     |   |              |   |       |              |   |   |   |   |
|    Prepaid      Expense                                      |   |                     | (32,200  | )      |              |   | (6,750     | )                 |   |   | (38,950 | ) |
|    Investment      in films, manuscripts, recordings         |   |                     |     |   |              |   |       |              |   |   |   |   |
|       and      similar property               |   |                     | (23,328  | )      |              |   | (305,750   | )                 |   |   | (625,086 | ) |
|    Accounts      Payable                                     |   |                     | 10,334   |   |              |   | 55,590     |              |   |   | 353,080 |   |
|    Accrued      Expenses                                     |   |                     | 265,534  |   |              |   | 328,718    |              |   |   | 1,428,723 |   |
|    Lawsuit      Payable                                      |   |                     | -        |   |              |   | -          |              |   |   | 32,411 |   |
|    Payable      to SAG for Route 66                          |   |                     | -        |   |              |   | -          |              |   |   | 71,493 |   |
|                                                                        |   |                     |     |   |              |   |       |              |   |   |   |   |
|   Net      Cash Used in operating activities                      |   |                     | (276,047 | )      |              |   | (770,391   | )                 |   |   | (4,725,962 | ) |
|                                                                        |   |                     |     |   |              |   |       |              |   |   |   |   |
| CASH FLOWS FROM INVESTING      ACTIVITIES:                                  |   |                     |     |   |              |   |       |              |   |   |   |   |
|                                                                        |   |                     |     |   |              |   |       |              |   |   |   |   |
|    Purchase      of investment                               |   |                     | -        |   |              |   | -          |              |   |   | (5,892 | ) |
|    Purchase      of equipment                                |   |                     | -        |   |              |   | (3,000     | )                 |   |   | (16,745 | ) |
|    Proceeds      from sale of assets                         |   |                     | -        |   |              |   | -          |              |   |   | 51,117 |   |
|    Proceeds      from sale of investments                    |   |                     | -        |   |              |   | -          |              |   |   | 565,773 |   |
|                                                                        |   |                     |     |   |              |   |       |              |   |   |   |   |
| Net      cash provided (used) in investing activities                       |   |                     | -        |   |              |   | (3,000     | )                 |   |   | 594,253 |   |

----

|                                                                        |   |                     |    |   |              |   |     | Cumulative        |   |
|-----------------------------------------------------------------------------|--------|--------------------------|---------|--------|-------------------|--------|----------|-------------------|--------|
|                                                                        |   |                     |    |   |              |   |     | Since      May 5, |   |
|                                                                        |   |                     |    |   | 1999              |   |
|                                                                        |   | For      the Years Ended |    |   | Inception      of |   |
|                                                                        |   | June      30,            |    |   | Development       |   |
|                                                                        |   | 2009                     |    |   | 2008              |   |     | Stage             |   |
| CASH FLOWS FROM FINANCING      ACTIVITIES:                                  |   |                     |    |   |              |   |     |              |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |
| Net      proceeds from loans from shareholders                              |   | $                        | 126,497 |   |              | $      | 588,530  |              |   | $ | 2,786,289 |   |
| Proceeds      from issuance of common stock                                 |   |                     | 140,500 |   |              |   | 50,000   |              |   |   | 1,276,711 |   |
| Proceeds      from issuance of short-term notes                             |   |                     | -       |   |              |   | -        |              |   |   | 64,000 |   |
| Bank      Overdraft                                                         |   |                     | 4,709   |   |              |   | -        |              |   |   | 4,709 |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |   |   |   |
| Net      Cash Provided by Financing Activities                              |   |                     | 271,706 |   |              |   | 638,530  |              |   |   | 4,131,709 |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |   |   |   |
| Net      (Decrease) Increase in Cash                                        |   |                     | (4,341  | )      |              |   | (134,861 | )                 |   |   | - |   |
| Cash      at Beginning of Period                                            |   |                     | 4,341   |   |              |   | 139,202  |              |   |   | - |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |   |   |   |
| Cash      at End of Period                                                  |   | $                        | -       |   |              | $      | 4,341    |              |   | $ | - |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURE OF CASH FLOW INFORMATION:                      |   |                     |    |   |              |   |     |              |   |   |   |   |
| Cash      paid during the year for:                                         |   |                     |    |   |              |   |     |              |   |   |   |   |
|   Interest                                                        |   | $                        | -  |   |              | $      | 24,877   |              |   | $ | 68,676 |   |
|   Income      taxes                                               |   | $                        | -  |   |              | $      | 7,670    |              |   | $ | 7,670 |   |
|                                                                        |   |                     |    |   |              |   |     |              |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND      FINANCINGACTIVITIES: |   |
| Common      Stock Issued for Investment in                                  |   |                     |    |   |              |   |     |              |   |   |   |   |
|    Wilfield      Entertainment                               |   | $                        | -       |   |              | $      | -        |              |   | $ | 220,000 |   |
| Common      Stock Issued for Investment in                                  |   |                     |    |   |              |   |     |              |   |   |   |   |
|    Mad      Dogs & Oakies Project                        |   | $                        | -       |   |              | $      | -        |              |   | $ | 3,000 |   |
| Common      Stock Issued for Investment in                                  |   |                     |    |   |              |   |     |              |   |   |   |   |
|   In      the Garden of Evil Project                              |   | $                        | -       |   |              | $      | -        |              |   | $ | 12,000 |   |
| Common      Stock Issued for Investment in                                  |   |                     |    |   |              |   |     |              |   |   |   |   |
|   Booty      3D                                                   |   | $                        | -       |   |              | $      | 59,000   |              |   | $ | 59,000 |   |
| Common      Stock Issued for Investment in                                  |   |                     |    |   |              |   |     |              |   |   |   |   |
|   Kung      Fu U 3D                                               |   |                     |    |   |              | $      | 18,000   |              |   | $ | 18,000 |   |
| Notes      Payable Converted to Stock                                       |   | $                        | 29,000  |   |              | $      | 81,500   |              |   | $ | 1,739,608 |   |

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|                      |   | 2009   |       |   | 2008   |   |
|---------------------------|--------|--------|------------|--------|--------|--------|
| Net      Operating Losses |   | $      | 2,553,000  |   |   | $      | 2,483,250 |   |
| Valuation      Allowance  |   |   | (2,553,000 | )      |   |   | (2,483,250 | ) |
|                      |   | $      | -          |   |   | $      | - |   |

|                                            |   | 2009   |    |   | 2008   |   |
|-------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Provision      (Benefit) at US Statutory Rate   |   | $      | 69,750  |   |   | $      | 200,100 |   |
| Increase      (Decrease) in Valuation Allowance |   |   | (69,750 | )      |   |   | (200,100 | ) |
|                                            |   | $      | -       |   |   | $      | - |   |

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