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 November 30, 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 [_]

         Check whether the issuer is a "shell  company" as defined in Rule 12b-2
of the Securities Exchange Act of 1934.  Yes [_]  No [X]

         The  Registrant has 2,685,000  shares of Common stock,  par value $.001
per share issued and  outstanding as of December 31, 2005.  Based on the closing
bid price of the  issuer's  common stock on December  31,  2005,  the  aggregate
market value of the voting stock held by  non-affiliates  of the  registrant  on
that date was approximately $199,000.

         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 (Unaudited)                                      3
         Balance Sheet
             November 30, 2005                                                 4
         Statements of Operations
             For the Three- and Six-Month Periods
             Ended November 30, 2005 and 2004                                  5
         Statements of Cash Flows
             For the Six Months Ended
             November 30, 2005 and 2004                                        6
         Statements of Shareholders' Deficit
             For the Six Months Ended November 30, 2005                        7
         Notes to Financial Statements                                         8

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


PART II  OTHER INFORMATION

Item 1.  Legal Proceedings                                                    16

Item 2.  Changes in Securities and Use of Proceeds                            16

Item 3.  Defaults upon Senior Securities                                      16

Item 4.  Submission of Matters to a Vote of Security Holders                  16

Item 5.  Other Information                                                    16

Item 6.  Exhibits                                                             16

Signatures                                                                    17


                                       2
<PAGE>


                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS

                (Financial Statements Commence on Following Page)


                                       3
<PAGE>


ADVANCED MEDIA TRAINING, INC.


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

                                                                    November 30,
                                                                         2005
                                                                      ---------
ASSETS

CASH ........................................................         $   9,697

ACCOUNTS RECEIVABLE, Net of allowance
  for doubtful accounts of $10,691 ..........................            38,336

PROPERTY AND EQUIPMENT, Net of accumulated
  depreciation of $10,896 ...................................               813

LICENSE AGREEMENT, Net of accumulated
  amortization of $4,500 ....................................            25,500

PREPAID EXPENSES AND OTHER ASSETS ...........................             2,571
                                                                      ---------

TOTAL ASSETS ................................................         $  76,917
                                                                      =========

LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Line of credit ..............................................         $  37,064
Accounts payable and accrued expenses .......................           128,505
Note payable to shareholder .................................           476,315
Accrued interest due to shareholder .........................            53,277
                                                                      ---------
Total liabilities ...........................................           695,161
                                                                      ---------

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 .........................................          (960,243)
                                                                      ---------
Total shareholders' deficit .................................          (618,244)
                                                                      ---------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT .................         $  76,917
                                                                      =========


See accompanying notes to financial statements.


                                       4
<PAGE>


ADVANCED MEDIA TRAINING, INC.


STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED
NOVEMBER 30, 2005 AND 2004 (Unaudited)
--------------------------------------------------------------------------------

                                    THREE MONTHS               SIX MONTHS
                               ----------------------    ----------------------
                                  2005         2004         2005         2004
                               ---------    ---------    ---------    ---------

REVENUES ...................   $  97,027    $  99,424    $ 196,624    $ 214,652

COST OF REVENUES ...........      30,079       94,519       65,150      144,880
                               ---------    ---------    ---------    ---------

GROSS PROFIT ...............      66,948        4,905      131,474       69,772
                               ---------    ---------    ---------    ---------

EXPENSES:
Selling and marketing ......      40,534       93,930       96,221      139,031
General and administrative .      71,385      101,017      122,275      182,147
Research and development ...           0        2,100           50       10,868
Interest expense ...........       9,724        7,050       19,835       12,575
                               ---------    ---------    ---------    ---------
Total expenses .............     121,643      204,097      238,381      344,621
                               ---------    ---------    ---------    ---------

LOSS BEFORE INCOME TAXES ...     (54,695)    (199,192)    (106,907)    (274,849)

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

NET LOSS ...................   $ (54,695)   $(199,192)   $(106,907)   $(274,849)
                               =========    =========    =========    =========

BASIC AND DILUTED LOSS
   PER SHARE ...............   $   (0.02)   $   (0.09)   $   (0.04)   $   (0.13)
                               =========    =========    =========    =========

WEIGHTED AVERAGE SHARES
   OUTSTANDING .............   2,685,000    2,329,396    2,685,000    2,124,698
                               =========    =========    =========    =========


See accompanying notes to financial statements.

                                       5
<PAGE>


<TABLE>
ADVANCED MEDIA TRAINING, INC.

STATEMENTS OF SHAREHOLDERS' DEFICIT
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2005 (Unaudited)
----------------------------------------------------------------------------------------

<CAPTION>
                                  COMMON STOCK       ADDITIONAL
                             --------------------     PAID-IN    SHAREHOLDER
                               SHARES     AMOUNT      CAPITAL     (DEFICIT)      TOTAL
                             ---------   ---------   ---------    ---------    ---------
<S>                          <C>         <C>         <C>          <C>          <C>
BALANCE, MAY 31, 2005 ....   2,685,000   $   2,685   $ 339,314    $(853,336)   $(511,337)


NET LOSS .................        --          --          --       (106,907)    (106,907)
                             ---------   ---------   ---------    ---------    ---------

BALANCE, NOVEMBER 30, 2005   2,685,000   $   2,685   $ 339,314    $(960,243)   $(618,244)
                             =========   =========   =========    =========    =========
</TABLE>


See accompanying notes to financial statements.


                                       6
<PAGE>


ADVANCED MEDIA TRAINING, INC.

STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2005 AND 2004 (Unaudited)
--------------------------------------------------------------------------------
                                                           2005          2004
                                                        ---------     ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ...........................................    $(106,907)    $(274,849)
Adjustments to reconcile net loss
     to net cash used by operating activities:
     Common stock issued for services...............          -0-        82,000
     Provision for bad debt.........................          -0-         2,170
     Depreciation ..................................        1,320         1,260
     Amortization ..................................        1,500         1,500
     Changes in operating assets and liabilities:
         Accounts receivable .......................        6,795        (7,248)
         Other assets ..............................         (293)           (1)
         Accounts payable and accrued expenses .....       65,600        46,975
                                                        ---------     ---------
Net cash used by operating activities ..............      (31,985)     (148,193)
                                                        ---------     ---------

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

CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings from shareholder ....................       29,940       138,000
Net borrowings on line of credit ...................          -0-           200
Net repayments on line of credit ...................          (32)          -0-
Common stock issued for cash .......................          -0-        35,000
Contribution of capital ............................          -0-        15,000
                                                        ---------     ---------
Net cash provided by financing activities ..........       29,908       188,200
                                                        ---------     ---------

NET (DECREASE) INCREASE IN CASH ....................       (2,077)       10,007

CASH, BEGINNING OF PERIOD...........................       11,774         4,115
                                                        ---------     ---------
CASH, END OF PERIOD.................................    $   9,697      $ 14,122
                                                        =========     =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest .............................    $   2,208     $   1,242
Cash paid for income taxes .........................    $     -0-     $     -0-


See accompanying notes to financial statements.


                                       7
<PAGE>


ADVANCED MEDIA TRAINING, INC.

NOTES TO FINANCIAL STATEMENTS

1.       BACKGROUND

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.

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 period have been  reclassified  to be consistent  with the current fiscal
period's presentation.

PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS

These interim condensed financial  statements for the periods ended November 30,
2005 and 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


                                       8
<PAGE>


fiscal year ended May 31, 2005.

SIGNIFICANT CUSTOMERS

The Company has three customers that exceeded 10% of gross accounts  receivable,
(18%,  11% and 11%), at November 30, 2005.  The Company had two  customers  that
each accounted for 10% of sales in the six-month  period ended November 30, 2005
and two customers that accounted for 15% and 14%,  respectively  of sales in the
six-month period ended November 30, 2004.

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 November 30, 2005 and 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.

3.       NOTE PAYABLE TO SHAREHOLDER

The  Company   entered  into  an  agreement  with  its  President  and  majority
shareholder to borrow up to $600,000 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, 2006.

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 the bank's prime rate of interest  plus 2.22%.  The interest
rate on the line of credit was 8.97% on November 30, 2005.

5.       INCOME TAXES

The Company has net operating loss carryforwards totaling approximately $700,000
at May 31, 2005 for  Federal  income tax  purposes  available  to offset  future
taxable income through 2025.  Deferred tax assets consist  substantially  of the
net operating loss carryforward. The Company has made a 100% valuation allowance
against the deferred tax asset.


                                       9
<PAGE>


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  $2,295 per month in Encino,
California  under an operating lease which expires August 31, 2007. Rent expense
was  approximately  $11,255 and $12,900 for the six-month periods ended November
30, 2005 and 2004, respectively.

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.

8.       RELATED PARTY TRANSACTIONS

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 periods ended November 30, 2005 and 2004.


                                       10
<PAGE>


ADVANCED MEDIA, 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.

SELECT FINANCIAL INFORMATION

                                                     For the Three Months Ended
                                                    ---------------------------
                                                     11/30/05          11/30/04
                                                    ---------         ---------
                                                   (Unaudited)       (Unaudited)
Statement of Operations Data
Total revenue ..............................        $  97,027         $  99,424
Operating loss .............................        $ (54,695)        $(199,192)
Net loss after taxes .......................        $ (54,695)        $(199,192)
Net loss per share .........................        $   (0.02)        $   (0.09)

Balance Sheet Data
Total assets ...............................        $  76,917         $  88,624
Total liabilities ..........................        $ 695,161         $ 550,910
Stockholder's deficit ......................        $(618,244)        $(462,286)

THREE-MONTH  PERIOD ENDED NOVEMBER 30, 2005 COMPARED TO THREE-MONTH PERIOD ENDED
NOVEMBER 30, 2004

GENERAL

         Our revenues  for the three month  period ended  November 30, 2005 were
$97,027. Revenues for the prior three month period ended November 30, 2004, were


                                       11
<PAGE>


$99,424.  This represents a decrease of $2,397.  This slight decrease was mainly
due to the introduction of fewer new videos in 2005.

         Net  product  sales  made up nearly  100% of the total  revenue in both
three month periods.  Sales of videos produced by other companies  accounted for
approximately 70% of sales in both fiscal 2005 and 2004.

COSTS AND EXPENSES

         From 2004 to 2005,  the cost of goods sold for the three  month  period
ended November 30, decreased from $94,519 to $30,079. This represents a decrease
of $64,440.  The cost of goods sold as a percent of sales  decreased by 64% (95%
in 2004 to 31% in 2005). This is primarily due to a decrease in production costs
($0 in 2005 and $60,700 in 2004)  incurred on several new videos  which have not
produced any significant revenues to date.

         Selling  and  marketing  expenses  decreased  from  $93,930  in 2004 to
$40,534 in 2005. This represents a decrease of $53,396.  The decrease in selling
and marketing was the result of a new approach to advertising  and marketing new
videos produced by us which reduced promotional expense significantly.  Also, in
2004,  in  connection  with  producing  new  videos  and in order to retain  our
employees and sales consultants,  we issued shares of our common stock valued at
$41,000.  This was not  repeated in 2005.  Selling and  marketing  expenses  are
expected  to  increase  if  and  when  we  launch  additional  videos  into  the
marketplace, and hire additional sales representatives.

         General and administrative  expenses decreased from $101,017 in 2004 to
$71,385 in 2005. This represents a decrease of $29,632. This decrease was mainly
the result of the fact that in order to retain our employees and  consultants in
2004,  we issued  shares of our common stock valued at $41,000 to employees  and
consultants  for general and  administrative  services in lieu of cash  bonuses.
This was not repeated in 2005.

         Research and  development  decreased from $2,100 in 2004 to $0 in 2005.
This decrease was the result of our eliminating the payment of $700 per month to
a Director of the Company for his  reviewing  and  consulting  on potential  new
scripts and ideas for training videos.

         Interest expense increased from $7,050 in 2004, to $9,724 in 2005. This
represents  an increase of $2,674.  This  increase is  primarily  due to further
borrowings from our President and principal  shareholder and the rising interest
rate on our line of credit.

         The net loss  decreased  from $199,192 in 2004 to $54,695 in 2005.  The
cause of this decrease is mainly the result of the fact that we issued shares of
our common  stock valued at $82,000 to employees  and  consultants  for services
rendered  in 2004,  and the  decrease  of  $64,440 in the  expenditures  for the
production of new videos.


                                       12
<PAGE>


SELECT FINANCIAL INFORMATION

                                                      For the Six Months Ended
                                                    ---------------------------
                                                     11/30/05          11/30/04
                                                    ---------         ---------
                                                   (Unaudited)       (Unaudited)
Statement of Operations Data
Total revenue ..............................        $ 196,624         $ 214,652
Operating loss .............................        $(106,907)        $(274,849)
Net loss after taxes .......................        $(106,907)        $(274,849)
Net loss per share .........................        $   (0.04)        $   (0.13)

SIX MONTH PERIOD FISCAL 2005 COMPARED TO SIX MONTH PERIOD FISCAL 2004

GENERAL

         Our  revenues  for the six month  period  ended  November 30, 2005 were
$196,624.  Revenues for the prior six month period ended November 30, 2004, were
$214,652. This represents a decrease of $18,028. This decrease was mainly due to
general  market  conditions  and fewer new videos that were produced by us being
introduced into the marketplace.

         Net product  sales made up nearly 100% of the total revenue in both six
month  periods.  Sales of  videos  produced  by other  companies  accounted  for
approximately 70% of sales in both fiscal 2005 and 2004.

COSTS AND EXPENSES

         Total  expenses  decreased  from $344,621 in the six month period ended
November 30, 2004 to $238,381  during the same period in 2005. This represents a
decrease  of  $106,240.  This  decrease  was due  primarily  to  less  marketing
expenditures  incurred for the  launching of new videos,  a reduction in payroll
expenses for administrative  personnel,  and the fact that during this period in
2004,  we issued  shares of our common stock valued at $82,000 to employees  and
consultants for services rendered.  Our fixed overhead,  consisting primarily of
rent,  was  approximately  $13,000 in 2004 and  $12,000 in 2005.  We expect that
gross  profits,  as a percentage  of sales,  should  increase and that, as sales
increase, the cost of goods sold will increase proportionately.

         From 2004 to 2005,  the cost of goods sold during the six month  period
ended  November  30,  decreased  from  $144,880 to $65,150.  This  represents  a
decrease of $79,730.  The cost of goods sold as a percent of sales  decreased by
approximately  34%  (67% in 2004 to 33% in  2005).The  primary  reason  for this
decrease is that during this period in 2004, we incurred costs ($68,700) for the
production of several new videos.


                                       13
<PAGE>


         Selling  and  marketing  expenses  decreased  from  $139,031 in 2004 to
approximately  $ 96,221 in 2005.  This  represents  a decrease of  $42,810.  The
decrease  in  selling  and  marketing  was  the  result  of a  new  approach  to
advertising  and marketing new videos  produced by us which reduced  promotional
expense  significantly.  Also, in 2004, in connection  with producing new videos
and in order to retain our employees and sales consultants,  we issued shares of
our common stock valued at $41,000.  This was not repeated in 2005.  Selling and
marketing  expenses  are expected to increase if and when we produce new videos,
and engage additional sales representatives.

         General and administrative  expenses decreased from $182,147 in 2004 to
$122,275 in 2005.  This  represents  a decrease of $59,872.  This  decrease  was
mainly  the  result  of the fact  that in  order to  retain  our  employees  and
consultants  in 2004,  we issued shares of our common stock valued at $41,000 to
employees and  consultants  for general and  administrative  services in lieu of
cash  bonuses.  This was not  repeated  in 2005.  And there was no  expense  for
recruitment  related  to the  hiring of new  sales  representative  during  this
period.

         Research and development expenses decreased from $10,868 in 2004 to $50
in 2005. This decrease was the result of our eliminating the payment of $700 per
month to a Director of the Company for his reviewing and consulting on potential
new  scripts  and  ideas  for  training  videos.   During  2004  we  also  spent
approximately  $6,000 in consulting fees to an unrelated individual for services
relating to the research and development of one of our in-house productions.

         Interest  expense  increased  from $12,575 in 2004, to $19,835 in 2005.
This represents an increase of $7,260. This increase is primarily due to further
borrowings from the Company's President and principal shareholder and the rising
interest rate on our line of credit.

         The net loss  decreased  from $274,849 in 2004 to $106,907 in 2005. The
cause of this  decrease was mainly the result of the fact that we issued  shares
of our common stock valued at $82,000 to employees and  consultants for services
rendered  during this six month period in 2004,  and less costs incurred for the
production of 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 five  following  videos  produced by us:
"COAST GUARD ON LEADERSHIP," "HOW TO ASK POSITIVE QUESTIONS," "THE CUBAN MISSILE
CRISIS: A CASE STUDY IN DECISION MAKING AND ITS  CONSEQUENCES,"  "WHAT IT REALLY
TAKES  TO BE A WORLD  CLASS  COMPANY,"  AND  "HOW DO YOU  PUT A  GIRAFFE  IN THE
REFRIGERATOR?." In addition, we anticipate spending some of our resources on the
production of additional  training videos, and the marketing and distribution of
training videos produced by other  companies.  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


                                       14
<PAGE>


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 its videos and  training  materials,
along with  available  funds under an agreement  with its President and majority
shareholder  should  satisfy its cash  requirements  through May 31,  2006.  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 2006 (2  administrative,  4
sales).

LIQUIDITY AND CAPITAL RESOURCES

         Our working capital deficit increased from $462,286 in 2004 to $618,244
in 2005.  This is a direct  result  of our  increase  in  accounts  payable  and
increase in amounts owed to our President and principal shareholder.

         Our cash flows used by  operations  decreased  from $148,193 in 2004 to
$31,985 in 2005.  This decrease is primarily the result of $68,700 in production
costs  incurred  in 2004 which were  expensed as  incurred  with no  significant
corresponding revenues realized on such videos.

         During 2005 we did not use any cash for investing activities.  However,
in 2004 we used $30,000 to purchase a license agreement.

         Our cash flows provided by financing activities decreased from $188,200
in 2004 to $29,908 in 2005.  This is the result of a decrease in borrowings from
our President and principal shareholder. We also received a $15,000 contribution
of capital in 2004 that was not repeated in 2005 and  received  $35,000 from the
sale of stock in 2004 that was not repeated in 2005.

         We  currently  have  no  material  commitments  at  this  time  to fund
development of new videos or to acquire any significant capital equipment

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

         We had a cash  balance  of  $9,697 on  November  30,  2005.  We have an
agreement  with our President and majority  shareholder to fund any shortfall in
cash flow up to $600,000 at 8% interest  through  December 31, 2006. We owed our
President a total of $476,315 in  principal  under the  agreement as of November
30, 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, 2006.


                                       15
<PAGE>


         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  (8.97% at November 30, 2005).  The line
of credit does not require the Company to meet performance  criteria or maintain
any minimum  levels of income or assets.  The Company is in compliance  with the
terms and  conditions  of the line of  credit.  Our  outstanding  balance  as of
November 30, 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 May 31,  2006.
Additionally,  we may  continue  to  attempt  to raise  funds  through 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.


                                     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  November 30, 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.


                                       16
<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: January 11, 2005                    /S/ BUDDY YOUNG
                                           ------------------------------------
                                               Buddy Young, President and Chief
                                               Executive Officer


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