U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)
[X]      Quarterly  Report under Section 13 or 15(d) of the Securities  Exchange
         Act of 1934

                For the quarterly period ended February 28, 2005


[_]      Transition Report under Section 13 or 15(d) of the Exchange Act for the
         Transition Period from ________ to ___________

                         Commission File Number: 0-50333

                          ADVANCED MEDIA TRAINING, INC.
        (Exact name of small business issuer as specified in its charter)

           Delaware                                               95-4810658
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

                       17337 Ventura Boulevard, Suite 208
                            Encino, California 91316
                    Issuer's Telephone Number: (818) 784-0040
            (Address and phone number of principal executive offices)



         Check whether the issuer (1) filed all reports  required to be filed by
Section  13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements  for the past 90 days.

                                 Yes [X] No [_]

         The  Registrant has 2,685,000  shares of Common stock,  par value $.001
per share issued and outstanding as of February 28, 2005.  There is currently no
public market for the Company's Common stock.

         Traditional Small Business Disclosure Format (check one) Yes [_] No [X]


<PAGE>


                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB



PART I   FINANCIAL INFORMATION
                                                                            PAGE
                                                                            ----

Item 1.  Financial Statements.........................................        3
         Balance Sheet
             February 28, 2005........................................        3
         Statements of Operations
             For the Three- and Nine-Month Periods
             Ended February 28, 2005 and February 29, 2004............        4
         Statements of Cash Flows
             For the Nine Months Ended
             February 28, 2005 and February 29, 2004..................        5
         Statements of Shareholders' Deficit
             For The Nine Months Ended
             February 28, 2005 (Unaudited)............................        6
         Notes to Financial Statements................................        7

Item 2.  Management's Discussion and Analysis or Plan
         of Operation.................................................       11

Item 3.  Controls and Procedures......................................       17

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings............................................       18

Item 2.  Changes in Securities and Use of Proceeds....................       18

Item 3.  Defaults upon Senior Securities..............................       18

Item 4.  Submission of Matters to a Vote of Security Holders..........       18

Item 5.  Other Information............................................       18

Item 6.  Exhibits.....................................................       18

Signatures............................................................       19


                                       2
<PAGE>


                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS

ADVANCED MEDIA TRAINING, INC.


BALANCE SHEET (Unaudited)
--------------------------------------------------------------------------------

                                                                    February 28,
                                                                        2005
                                                                     ----------
ASSETS

CASH .......................................................         $   10,523

ACCOUNTS RECEIVABLE, Net of allowance
  for doubtful accounts of $10,261 .........................             39,617

PROPERTY AND EQUIPMENT, Net of accumulated
  depreciation of $8,916 ...................................              2,793

LICENSE AGREEMENT, Net of accumulated
  amortization of $2,250 ...................................             27,750

PREPAID EXPENSES AND OTHER ASSETS ..........................              2,837
                                                                     ----------

TOTAL ASSETS ...............................................         $   83,520
                                                                     ==========

LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Line of credit .............................................         $   37,064
Accounts payable and accrued expenses ......................            131,131
Note payable to shareholder ................................            388,375
Accrued interest due to shareholder ........................             27,116
                                                                     ----------
Total liabilities ..........................................            583,686
                                                                     ----------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' DEFICIT:
Common stock, par value - $.001;
    25,000,000 shares authorized; 2,685,000
    shares issued and outstanding ..........................              2,685
Additional paid-in capital .................................            339,314
Accumulated deficit ........................................           (842,165)
                                                                     ----------
Total shareholders' deficit ................................           (500,166)
                                                                     ----------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT ................         $   83,520
                                                                     ==========


See accompanying notes to financial statements.


                                       3
<PAGE>


ADVANCED MEDIA TRAINING, INC.

<TABLE>
STATEMENTS OF OPERATIONS
FOR THE THREE AND NINE MONTHS ENDED
FEBRUARY 28, 2005 AND FEBRUARY 29, 2004 (Unaudited)
---------------------------------------------------------------------------------------

<CAPTION>
                                      THREE MONTHS                  NINE MONTHS
                               --------------------------    --------------------------
                                   2005           2004           2005          2004
                               -----------    -----------    -----------    -----------
<S>                            <C>            <C>            <C>            <C>
REVENUES ...................   $   120,991    $   131,707    $   335,643    $   289,236

COST OF REVENUES ...........        41,234         53,923        186,114        144,710
                               -----------    -----------    -----------    -----------

GROSS PROFIT ...............        79,757         77,784        149,529        144,526
                               -----------    -----------    -----------    -----------

EXPENSES:
Selling and marketing ......        58,127         37,951        197,158        107,799
General and administrative .        52,700         58,195        234,047        167,760
Research and development ...         2,450          5,401         13,318         10,925
Interest expense ...........         8,360          2,903         20,935          6,115
                               -----------    -----------    -----------    -----------
Total expenses .............       121,637        104,450        465,458        292,599
                               -----------    -----------    -----------    -----------

LOSS BEFORE INCOME TAXES ...       (41,880)       (26,666)      (315,929)      (148,073)

INCOME TAXES ...............           -0-            800            800            800
                               -----------    -----------    -----------    -----------

NET LOSS ...................   $   (41,880)   $   (27,466)   $  (316,729)   $  (148,873)
                               ===========    ===========    ===========    ===========

BASIC AND DILUTED LOSS
   PER SHARE ...............   $     (0.02)   $     (0.01)   $     (0.14)   $     (0.08)
                               ===========    ===========    ===========    ===========

WEIGHTED AVERAGE SHARES
   OUTSTANDING .............     2,667,141      1,900,000      2,311,886      1,900,000
                               ===========    ===========    ===========    ===========
</TABLE>


See accompanying notes to financial statements.


                                       4
<PAGE>


ADVANCED MEDIA TRAINING, INC.


STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED FEBRUARY 28, 2005 AND FEBRUARY 29, 2004 (Unaudited)
--------------------------------------------------------------------------------
                                                           2005          2004
                                                        ---------     ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ...........................................    $(316,729)    $(148,873)
Adjustments to reconcile net loss
     to net cash used by operating activities:
     Common stock issued for services ..............       82,000           -0-
     Provision for bad debts .......................        2,170         2,231
     Depreciation ..................................        1,921         1,521
     Amortization ..................................        2,250           -0-
     Changes in operating assets and liabilities:
         Accounts receivable .......................       (6,612)      (10,854)
         Other assets ..............................         (543)          107
         Accounts payable and accrued expenses .....       44,719        47,128
                                                        ---------     ---------
Net cash used by operating activities ..............     (190,824)     (108,740)
                                                        ---------     ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment ..............................          -0-        (1,949)
License agreement ..................................      (30,000)          -0-
                                                        ---------     ---------
Net cash used by investing activities ..............      (30,000)       (1,949)
                                                        ---------     ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
Bank overdraft .....................................          -0-        (2,523)
Net borrowings from shareholder ....................      173,000       120,000
Net borrowings on line of credit ...................          232           -0-
Common stock issued for cash .......................       39,000           -0-
Contribution of capital ............................       15,000           -0-
                                                        ---------     ---------
Net cash provided by financing activities ..........      227,232       117,477
                                                        ---------     ---------

NET INCREASE IN CASH ...............................        6,408         6,788

CASH, BEGINNING OF PERIOD ..........................        4,115           -0-
                                                        ---------     ---------
CASH, END OF PERIOD ................................    $  10,523      $  6,788
                                                        =========     =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest .............................    $   1,968     $     -0-
Cash paid for income taxes .........................    $     -0-     $     800

In September  2004,  the Company  issued  410,000 shares of its common stock for
services  valued at $82,000.  In addition,  the Company issued 160,000 shares of
its common stock for accrued royalties totaling $32,000.


See accompanying notes to financial statements.


                                       5
<PAGE>


ADVANCED MEDIA TRAINING, INC.

<TABLE>
STATEMENTS OF SHAREHOLDERS' DEFICIT
FOR THE NINE MONTHS ENDED FEBRUARY 28, 2005 (Unaudited)
----------------------------------------------------------------------------------------

<CAPTION>
                                  COMMON STOCK       ADDITIONAL
                              --------------------     PAID-IN   SHAREHOLDER
                               SHARES      AMOUNT      CAPITAL    (DEFICIT)      TOTAL
                              ---------   ---------   ---------   ---------    ---------
<S>                           <C>         <C>         <C>         <C>          <C>
BALANCE, MAY 31, 2004 .....   1,920,000   $   1,920   $ 172,079   $(525,436)   $(351,437)

COMMON STOCK ISSUED TO
  EMPLOYEES AND CONSULTANTS
  AS COMPENSATION .........     410,000         410      81,590        --         82,000

COMMON STOCK ISSUED FOR
  CASH ....................     195,000         195      38,805        --         39,000

COMMON STOCK ISSUED FOR
  ACCRUED ROYALTY .........     160,000         160      31,840        --         32,000

CONTRIBUTION OF CAPITAL ...        --          --        15,000        --         15,000

NET LOSS ..................        --          --          --      (316,729)    (316,729)
                              ---------   ---------   ---------   ---------    ---------

BALANCE, FEBRUARY 28, 2005    2,685,000   $   2,685   $ 339,314   $(842,165)   $(500,166)
                              =========   =========   =========   =========    =========
</TABLE>


See accompanying notes to financial statements.


                                       6
<PAGE>


ADVANCED MEDIA TRAINING, INC.

NOTES TO FINANCIAL STATEMENTS

1.       NATURE OF BUSINESS AND ORGINIZATIONAL STRUCTURE

Advanced Media Training, Inc. (formerly Advanced Knowledge, Inc.; the "Company")
is engaged in the  development,  production  and  distribution  of training  and
educational video products and services.

From the Company's inception to April 18, 2003, it was a wholly-owned subsidiary
of Enhance Biotech,  Inc. ("Enhance"),  formerly Becor  Communications,  Inc. On
April 18, 2003,  Enhance  agreed to transfer 1 million  shares of the  Company's
common stock held by them in exchange for  forgiveness of debt of  approximately
$434,000 due to Buddy Young, the Company's  President and majority  shareholder.
Accordingly,  the  Company  is no longer a  wholly-owned  subsidiary  of Enhance
Biotech  after April 18,  2003.  However,  it still  owned  750,000  shares.  On
September 7, 2004 Enhance distributed the 750,000 shares of common stock held by
it to its shareholders of record as of July 15, 2004. The shareholders  received
one  share of the  Company's  common  stock  for every  five  hundred  shares of
Enhance's  common stock,  held by the shareholder as of July 15, 2004.  However,
under  the  agreement  no  shareholder  received  less  than 100  shares  of the
Company's  common stock.  As a result of this  transaction,  since  September 7,
2004,  Enhance has not been a shareholder  of the Company,  nor do they have any
other relationship with it.

2.       INTERIM CONDENSED FINANCIAL STATEMENTS

FISCAL PERIODS

The Company's  fiscal  year-end is May 31.  References to a fiscal year refer to
the calendar year in which such fiscal year ends.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
certain estimates and assumptions that affect the reported amounts and timing of
revenue and  expenses,  the reported  amounts and  classification  of assets and
liabilities,  and the  disclosure of contingent  assets and  liabilities.  These
estimates and assumptions are based on the Company's  historical results as well
as management's  future  expectations.  The Company's  actual results could vary
materially from management's estimates and assumptions.

RECLASSIFICATIONS

Certain amounts in the condensed financial  statements for the comparative prior
fiscal periods have been  reclassified  to be consistent with the current fiscal
period's


                                       7
<PAGE>


presentation.

PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS

These interim condensed financial  statements for the periods ended February 28,
2005 and  February  29,  2004 have been  prepared by the  Company's  management,
without audit, in accordance with accounting  principles  generally  accepted in
the United  States of America and pursuant to the rules and  regulations  of the
United States  Securities  and Exchange  Commission  ("SEC").  In the opinion of
management, these interim condensed financial statements contain all adjustments
(consisting  of only  normal  recurring  adjustments,  unless  otherwise  noted)
necessary  to  present  fairly  the  Company's  financial  position,  results of
operations and cash flows for the fiscal periods presented.  Certain information
and note disclosures  normally included in annual financial  statements prepared
in accordance with accounting principles generally accepted in the United States
of America have been condensed or omitted in these interim financial  statements
pursuant to the SEC's rules and regulations,  although the Company's  management
believes that the disclosures are adequate to make the information presented not
misleading. The financial position, results of operations and cash flows for the
interim  periods  disclosed  herein  are not  necessarily  indicative  of future
financial results.  These interim condensed financial  statements should be read
in  conjunction  with the  annual  financial  statements  and the notes  thereto
included  in the  Company's  most  recent  Annual  Report on Form 10-KSB for the
fiscal year ended May 31, 2004.

SIGNIFICANT CUSTOMERS

The Company has one customer that constituted 23% of net accounts  receivable at
February 28, 2005.

NET LOSS PER SHARE

Basic and diluted net loss per share has been  computed by dividing  net loss by
the weighted average number of common shares  outstanding  during the applicable
fiscal  periods.  At February 28, 2005 and February 29, 2004, the Company had no
common stock equivalents outstanding.

UNCLASSIFIED BALANCE SHEET

In  accordance  with  the  provisions  of  AICPA  Statement  of  Position  00-2,
"ACCOUNTING BY PRODUCERS OR  DISTRIBUTORS  OF FILMS," the Company has elected to
present an unclassified balance sheet.

RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED

There  are  no  accounting  standards  with  pending  adoptions  that  have  any
applicability to the Company.


                                       8
<PAGE>


3.       NOTE PAYABLE TO SHAREHOLDER

The  Company   entered  into  an  agreement  with  its  President  and  majority
shareholder to borrow up to $500,000 with interest at 8.0%.  Repayment  shall be
made when funds are available and the balance of principal and accrued  interest
is due December 31, 2005.

4.       LINE OF CREDIT

The Company has a revolving line of credit with a bank which permits  borrowings
up to $40,000.  The line is guaranteed by the Company's  President.  Interest is
payable monthly at 2.22% above the bank's prime rate of interest.

5.       INCOME TAXES

The Company has net operating loss carryforwards totaling approximately $437,000
at May 31, 2004 for  Federal  income tax  purposes  available  to offset  future
taxable income through 2024.  Deferred tax assets consist  substantially  of the
net operating loss carryforward. The Company has made a 100% valuation allowance
against the deferred tax asset. In assessing the  realizability  of deferred tax
assets,  management  considers  whether  it is more  likely  than not that  some
portion or all of the  deferred  tax assets will not be  realized.  The ultimate
realization  of deferred tax assets is dependent  upon the  generation of future
taxable income during the periods in which those  temporary  differences  become
deductible.  Management  considered  the  scheduled  reversal  of  deferred  tax
liabilities,  projected  future  taxable  income and tax planning  strategies in
making this assessment.

6.       COMMITMENTS AND CONTINGENCIES

The Company has  agreements  with companies to pay a royalty on sales of certain
videos.   The  royalty  is  based  on  a  specified   formula,   which  averages
approximately 35% to 45% of gross sales.

The  Company  leases  its  operating  facility  for  $2,185 per month in Encino,
California  under an operating  lease which expires in August 2005. Rent expense
was  approximately  $19,300 and $15,600 for the nine months  ended  February 28,
2005 and February 29, 2004, respectively.

The Company has  commitments  to fund  approximately  $10,000 over the next nine
months for the completion of a new training video.

7.       LEGAL

The  Company is,  from time to time,  subject to legal and other  matters in the
normal  course of its  business.  While the  results of such  matters  cannot be
predicted with certainty,  management does not believe that the final outcome of
any pending  matters will have a material  effect on the financial  position and
results of operations of the Company.


                                       9
<PAGE>


8.       RELATED PARTY TRANSACTIONS

The  Company  has an  agreement  with a Director  of the Company to pay $700 per
month to preview scripts and ideas for potential  training videos. The agreement
is  on  a  month-to-month  basis.  The  expense  is  included  in  Research  and
Development  Expense in the  Statement of  Operations  for the nine months ended
February 28, 2005.

The Company has a consulting agreement with Howard Young, the son of Buddy Young
(the Company's Chief  Executive  Officer) which provides a monthly fee of $6,000
for administrative and sales consultation.  The fee is allocated equally between
General and Administrative and Selling and Marketing expense in the Statement of
Operations for the nine months ended February 28, 2005.

During the nine months  ended  February  28, 2005,  the Company  issued  100,000
shares of common  stock  (valued  at $0.20 per share)  each to Howard  Young and
Elise Eisenstadt (daughter of Buddy Young) for services rendered to the Company.


                                       10
<PAGE>


ADVANCED MEDIA TRAINING, INC.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

CRITICAL ACCOUNTING POLICIES

         Our discussion  and analysis of our financial  condition and results of
operations are based upon our statements, which have been prepared in accordance
with  accounting  principles  generally  accepted  in  the  United  States.  The
preparation  of these  financial  statements  requires us to make  estimates and
judgments that affect the reported amounts of assets, liabilities,  revenues and
expenses.  In consultation  with our Board of Directors,  we have identified two
accounting policies that we believe are key to an understanding of our financial
statements.  These are important  accounting policies that require  management's
most difficult, subjective judgments.

         The first critical accounting policy relates to revenue recognition. We
recognize  revenue  from product  sales upon  shipment to the  customer.  Rental
income is recognized  over the related period that the videos are rented.  Based
on the nature of our  product,  we do not accept  returns.  Damaged or defective
product is replaced upon receipt.  Such returns have been  negligible  since the
Company's inception.

         The second critical  accounting policy relates to production costs. The
Company  periodically incurs costs to produce new management training videos and
to  enhance  current  videos.  Historically,  the  Company  has been  unable  to
accurately forecast revenues to be earned on these videos and has,  accordingly,
expensed such costs as incurred.

RESULTS OF OPERATIONS

GENERAL

         Advanced Media Training's core business is the development,  production
and distribution of management and general workforce  training videos for use by
businesses  throughout the world. In addition to distributing videos produced by
us, we market and  distribute  training  videos  financed  and produced by other
producers, which currently account for approximately 85% of our revenues.

         Workforce training industry trends have demonstrated that the amount of
money  allocated  by  companies  for the  training  of  their  employees  varies
according  to  general  economic  conditions.  In many  cases in a good  economy
training  department  budgets  are  increased,  and as a result  more  funds are
available to purchase  training  videos and other  employee  training  products.
Conversely,  when economic conditions are not good companies tend to cut back on
the amount of funds spent on the purchase of  workforce  training  products.  We
anticipate  that  general  economic  conditions  will  continue to have a direct
effect on our revenues.


                                       11
<PAGE>


SELECT FINANCIAL INFORMATION

                                                    For the Three Months Ended
                                                    ---------------------------
                                                    02/28/05          02/29/04
                                                   (unaudited)       (unaudited)
                                                    ---------         ---------
Statement of Operations Data
Revenue ....................................        $ 120,991         $ 131,707
Cost of revenues ...........................        $  41,234         $  53,923
Gross profit ...............................        $  79,757         $  77,784
Total expenses .............................        $ 121,637         $ 104,450
Net loss after taxes .......................        $ (41,880)        $ (27,466)
Net loss per share .........................        $   (0.02)        $   (0.01)

Balance Sheet Data
Total assets ...............................        $  83,520         $  81,717
Total liabilities ..........................        $ 583,686         $ 326,925
Stockholder's deficit ......................        $(500,166)        $(245,208)


THREE-MONTH  PERIOD ENDED FEBRUARY 28, 2005 COMPARED TO THREE-MONTH PERIOD ENDED
FEBRUARY 29, 2004

REVENUES

         Our revenues  for the three month  period ended  February 28, 2005 were
$120,991.  Revenues for the prior three month  period  ended  February 29, 2004,
were  approximately  $131,707.  This  represents  a decrease  of  $10,716.  This
decrease  during this period was mainly due to less revenue  generated  from two
videos released during the same period last year.

         Product  sales made up nearly  100% of the total  revenue in both three
month periods.  Rental of videos were less than 1% of our sales in both periods.
We expect the rentals of videos to continue to represent  approximately the same
percentage of revenues for the foreseeable  future.  Sales of videos produced by
other companies accounted for approximately 85% of sales in both fiscal 2005 and
2004.  As a result of our  limited  financial  resources  which  prevent us from
financing  and  producing  many new  videos,  we expect  that the sale of videos
produced by others will continue to represent approximately 85% of revenues.

COST OF REVENUES

         From 2004 to 2005, the cost of goods sold during the three month period
ended February 28, 2005,  decreased from $53,923 to $41,234.  This  represents a
decrease of $12,689.  The cost of goods sold as a percent of sales  decreased by
approximately 7% (41% in 2004 to 34% in 2005). This decrease is primarily due to
more production costs being incurred and expensed in 2004.


                                       12
<PAGE>


         As stated earlier, during most periods approximately 85% of our revenue
is generated from the sale of training  videos  produced by companies with which
we have distribution  contracts with. The terms of these distribution  contracts
vary with regard to percentage  of discount we receive.  These  discounts  range
from a low of 35% to a high of 50% of gross receipts. As we cannot predict which
companies  will  produce  better  selling  videos in any one  period,  we cannot
predict future product mix.  However,  although there may be some variances,  we
anticipate  that  the  cost of  goods  sold as a  percentage  of  revenues  will
generally be approximately within the 40 to 51 percent range.

EXPENSES

         Selling  and  marketing  expenses  increased  from  $37,951  in 2004 to
$58,127 in 2005.  This  represents an increase of $20,176.  This increase during
this period of approximately  53% in selling and marketing expense resulted from
the increase in sales  commissions  from $19,843 in 2004 to $26,787 in 2005. Our
commissions  fluctuate  significantly due to the composition of sales by outside
representatives    (subject    to    commissions)    versus    in-house    sales
(non-commissioned).  We also  retained  Howard  Young,  son of Buddy  Young  our
majority  shareholder,  to handle  business  promotions for a total of $9,000 in
2005 and incurred development costs for our website (commenced in 2005) totaling
approximately $8,600.

         Our  selling  and   marketing   costs  are  directly   related  to  the
introduction of new videos  produced by us. These costs are mainly  comprised of
the  creation of  advertising  and  publicity  materials,  the making of preview
copies of the video to be sent to other distributors,  and for advertising space
in trade publications.

         General and  administrative  expenses decreased from $58,195 in 2004 to
$52,700 in 2005.  This  represents  a  decrease  of $5,495.  This  decrease  was
primarily the result of less fees paid to  consultants  during this period.  The
main  components in these general and  administrative  expenses are salaries for
our employees,  consulting fees, and professional  fees for accounting and legal
services,  and rent. We anticipate that our general and administrative  expenses
will increase as we expect to add additional administrative personnel to support
an increased infrastructure.

         Research  and  development  expenses  decreased  from $5,401 in 2004 to
$2,450 in 2005. Our research and development  costs are comprised mainly of fees
paid to writers for the  initial  preparation  of an outline for a new  training
video.  Based on our analysis of the outline's sales  potential,  we will make a
decision as to whether or not to move forward with the production. We anticipate
that such costs will  increase  slightly as we continue to evaluate  and develop
new training videos.

         Interest expense increased from $2,903 in 2004, to $8,360 in 2005. This
represents an increase of $5,457.  This increase is due to additional  borrowing
from our president.


                                       13
<PAGE>


NET LOSS

         Our net loss increased from $27,466 in 2004 to $41,880 in 2005. This is
an increase of $14,414. The primary cause of this increase is the costs incurred
for the  development of our internet  website and retention of Howard Young as a
consultant.


SELECT FINANCIAL INFORMATION

                                                     For the Nine Months Ended
                                                    ---------------------------
                                                    02/28/05          02/29/04
                                                   (unaudited)       (unaudited)
                                                    ---------         ---------
Statement of Operations Data
Revenue ....................................        $ 335,643         $ 289,236
Cost of revenues ...........................        $ 186,114         $ 144,710
Gross profit ...............................        $ 149,529         $ 144,526
Total Expenses .............................        $ 465,458         $ 292,599
Net loss after taxes .......................        $(316,729)        $(148,873)
Net loss per share .........................        $   (0.14)        $   (0.08)


NINE MONTH  PERIOD ENDED  FEBRUARY 28, 2005  COMPARED TO NINE MONTH PERIOD ENDED
FEBRUARY 29, 2004

REVENUES

         Our revenues  for the nine month  period  ended  February 28, 2005 were
approximately $335,643.  Revenues for the prior nine month period ended February
29, 2004, were  approximately  $289,236.  This represents an increase of $46,407
primarily  due to the  distribution  of two new videos  produced  by us, and the
hiring of one additional sales person.

         Net product sales made up nearly 100% of the total revenue in both nine
month periods.  Rental of videos were less than 1% of our sales in both periods.
We expect the rentals of videos to continue to represent  approximately the same
percentage of revenues for the foreseeable  future.  Sales of videos produced by
other companies accounted for approximately 85% of sales in both fiscal 2005 and
2004.

COST OF REVENUES

         From 2004 to 2005,  the cost of goods sold during the nine month period
ended February 28, 2005, increased from $144,710 to $186,114. This represents an
increase of $41,404.  The cost of goods sold as a percent of sales  increased by
approximately 4 percentage points (50% in 2004 to 55% in 2005). This increase is
primarily  due to an  increase  in  production  costs  incurred in the first six
months of 2005 versus 2004. We expense such costs as incurred. However, although
there may be occasional variances,


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<PAGE>


we anticipate that the cost of goods sold (excluding  production costs expensed)
as a percentage of revenues will continue to generally be  approximately  within
the 35 to 40 percent range.

EXPENSES

         Selling  and  marketing  expenses  increased  from  $107,799 in 2004 to
$197,158 in 2005. This represents an increase of $89,359. As stated earlier, our
selling and marketing costs are directly  affected by the number of new training
products  we  introduce  into the  marketplace.  The  increase  in  selling  and
marketing was the result of our  introducing  two new videos produced by us into
the marketplace during this period, as compared to the same period in 2004.

         General and administrative  expenses increased from $167,760 in 2004 to
$234,047 in 2005.  This  represents  an increase of $66,287.  This  increase was
primarily  the result of  increased  payroll,  the  development  of our internet
website, and consulting fees paid to professional and administrative  personnel.
The main  components in these general and  administrative  expenses are salaries
for our employees,  consulting  fees, and  professional  fees for accounting and
legal  services,  and rent.  We anticipate  that our general and  administrative
expenses will continue to increase as we add additional administrative personnel
to support the increased infrastructure.

         Research and development  expenses  increased  slightly from $10,925 in
2004 to $13,318 in 2005. We anticipate that such costs will increase slightly as
we evaluate and develop new training video products.

         Interest  expense  increased  from $6,115 in 2004,  to $20,935 in 2005.
This  represents  an  increase of $14,820.  This  increase is due to  additional
borrowings from our president.

NET LOSS

         The net loss increased from $148,873 in 2004 to $316,729 in 2005.  This
represents  an increase of  $167,856.  This  increase  was  primarily  due to an
increase of payroll of  approximately  $42,000,  an  increase  of  approximately
$9,000 paid to  consultants,  $10,000 paid for the  recruitment of an additional
sales person, and costs of approximately  $79,000 incurred for the production of
two new videos.

PLAN OF OPERATION

         We will  continue  to devote our limited  resources  to  marketing  and
distributing  workforce training videos and related training materials.  At this
time these efforts are focused on the sale of videos  produced by third parties.
85% of our revenue is derived from these sales.  Additionally,  we will continue
to market three videos produced by us, "The Cuban Missile  Crisis:  A Case Study
In Decision  Making And Its  Consequences,"  "What It Really Takes To Be A World
Class Company," "How Do You Put A Giraffe In The Refrigerator?." In addition, we
anticipate spending some of our resources on the


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<PAGE>


production  and  marketing of  additional  training  videos  produced by us. The
amount of funds available for these expenditures will be determined by cash flow
from  operations,  as well as, our  ability to raise  capital  through an equity
offering  or  further  borrowing  from  our  President,  and  other  traditional
borrowing sources. There can be no assurance that we will be successful in these
efforts.

         Management expects that sales of videos and training  materials,  along
with  available  funds  under an  agreement  with  its  President  and  majority
shareholder should satisfy our cash requirements  through December 31, 2005. The
Company's  marketing  expenses and the production of new training videos will be
adjusted accordingly.

         We currently have 4 employees.  If cash resources  permit,  the Company
plans to increase its employees to 6 during calendar 2005 (2  administrative,  4
sales).

LIQUIDITY AND CAPITAL RESOURCES

         We are a company with a limited  operating history and a history of net
losses.

         We had a cash  balance of  $10,523 on  February  28,  2005.  We have an
agreement  with our President and majority  shareholder to fund any shortfall in
cash flow up to $500,000 at 8% interest  through  December 31, 2005. We owed our
President a total of $388,375 in  principal  under the  agreement as of February
28, 2005. The note is collateralized by all of our right,  title and interest in
and to our  video  productions  and  projects,  regardless  of  their  stage  of
production,  including all related contracts, licenses, and accounts receivable.
Any unpaid  principal  and  interest  under the Note will be due and  payable on
December 31, 2005.

         The Company has a revolving  line of credit with Bank of America.  This
line of credit  permits the Company to borrow up to $40,000.  The line of credit
is guaranteed by the Company's  President.  Interest is payable monthly at 2.22%
above the bank's prime rate of interest  (6.22% at February 28, 2005).  The line
of credit does not require the Company to meet performance  criteria or maintain
any minimum levels of income or assets.  It does require the company to maintain
insurance,  maintain a modern system of accounting in accordance  with generally
accepted accounting  principles ("GAAP") and to comply with the law. The Company
is in  compliance  with the  terms and  conditions  of the line of  credit.  Our
outstanding balance as of February 28, 2005, was $37,064.

         If revenues from the sale of our videos do not provide sufficient funds
to maintain  operations,  then we believe the raising of funds  through  further
borrowings  from  our  President  or  traditional   borrowing  sources  will  be
sufficient to satisfy our budgeted cash requirements  through December 31, 2005.
Additionally,  we may  attempt a private  placement  sale of our  common  stock.
Further, our ability to pursue any business opportunity that requires us to make
cash  payments  would also depend on the amount of funds that we can secure from
these various sources.  If funding is not available from any of these sources to
meet our needs,  we will either delay  production  of one or more of our planned
videos or delay any business transaction requiring the payment of cash, or both.


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<PAGE>


         If funding is  insufficient  at any time in the  future,  we may not be
able to take  advantage  of  business  opportunities  or respond to  competitive
pressures, any of which could have a negative impact on the business,  operating
results and financial condition.  In addition,  if additional shares were issued
to obtain financing,  current shareholders may suffer a dilutive effect on their
percentage of stock ownership in Advanced Media Training.

         The Company has commitments to fund approximately $10,000 over the next
nine months for the completion of a new training vide

ITEM 3.  CONTROLS AND PROCEDURES

         The principal  executive officer and principal financial officer of the
Company,  who are the same person ("the Certifying Officer") with the assistance
of advisors,  evaluated  the  effectiveness  of the design and  operation of the
Company's   disclosure   controls   and   procedures   (as  defined  in  section
240.13a-14(c) and 240.15d-14(c)  under the Exchange Act) within 90 days prior to
the filing of this annual  report.  Based upon the  evaluation,  the  Certifying
Officer  concludes  that the Company's  disclosure  controls and  procedures are
effective in timely alerting management to material  information relative to the
Company which is required to be disclosed in its periodic filings with the SEC.

         There were no significant changes in the Company's internal controls or
in other factors that could  significantly  affect these controls  subsequent to
the date of their  evaluation,  including any corrective  actions with regard to
significant deficiencies and material weaknesses.


                                       17
<PAGE>


                                     PART II
                                OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS   None.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS   None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES   None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         During the quarter ended  February 28, 2005, no matters were  submitted
         to the Company's security holders.

ITEM 5.  OTHER INFORMATION   None.

ITEM 6.  EXHIBITS

         31.1     Certification of CEO Pursuant to Securities Exchange Act Rules
                  13a-14 and 15d-14,  as Adopted  Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

         32.1     Certification  Pursuant to 18 U.S.C.  Section 1350, as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


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<PAGE>


                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                          ADVANCED MEDIA TRAINING, INC.
                                          (Registrant)


Dated: April 12, 2005                     /S/ BUDDY YOUNG
                                          ------------------------------------
                                              Buddy Young, President and Chief
                                              Executive Officer


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