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, 2004


[_]  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 [_]   No [X]

         The  Registrant has 2,665,000  shares of Common stock,  par value $.001
per share issued and outstanding as of December 31, 2004.  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 (Unaudited) ........................         3
            Balance Sheet
                November 30, 2004 ...................................         4
            Statements of Operations
                For the Three- and Six-Month Periods
                Ended November 30, 2004 and 2003 ....................         5
            Statements of Cash Flows
                For the Six Months Ended
                November 30, 2004 and 2003 ..........................         6
            Statements of Shareholders' Deficit
                for the Six Months Ended November 30, 2004 ..........         7
            Notes to Financial Statements ...........................         8

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.     Unregistered Sales of Equity 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

                (Financial Statements Commence on Following Page)


                                       3
<PAGE>


ADVANCED MEDIA TRAINING, INC.


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

                                                                    November 30,
                                                                         2004
                                                                      ---------
ASSETS

CASH ........................................................         $  14,122

ACCOUNTS RECEIVABLE, Net of allowance
  for doubtful accounts of $10,261 ..........................            40,253

PROPERTY AND EQUIPMENT, Net of accumulated
  depreciation of $8,255 ....................................             3,454

LICENSE AGREEMENT, Net of accumulated
  amortization of $1,500 ....................................            28,500

PREPAID EXPENSES AND OTHER ASSETS ...........................             2,295
                                                                      ---------

TOTAL ASSETS ................................................         $  88,624
                                                                      =========


LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Line of credit ..............................................         $  37,032
Accounts payable and accrued expenses .......................           141,021
Note payable to shareholder .................................           353,375
Accrued interest due to shareholder .........................            19,482
                                                                      ---------
Total liabilities ...........................................           550,910
                                                                      ---------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' DEFICIT:
Common stock, par value - $.001;
    25,000,000 shares authorized; 2,665,000
    shares issued and outstanding ...........................             2,665
Additional paid-in capital ..................................           335,334
Accumulated deficit .........................................          (800,285)
                                                                      ---------
Total shareholders' deficit .................................          (462,286)
                                                                      ---------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT .................         $  88,624
                                                                      =========


See accompanying notes to financial statements.


                                       4
<PAGE>


ADVANCED MEDIA TRAINING, INC.


STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED
NOVEMBER 30, 2004 AND 2003 (Unaudited)
--------------------------------------------------------------------------------

                                    THREE MONTHS               SIX MONTHS
                               ----------------------    ----------------------
                                  2004         2003         2004         2003
                               ---------    ---------    ---------    ---------

REVENUES ...................   $  99,424    $  76,145    $ 214,652    $ 157,899

COST OF REVENUES ...........      94,519       63,894      144,880       90,760
                               ---------    ---------    ---------    ---------

GROSS PROFIT ...............       4,905       12,251       69,772       67,139
                               ---------    ---------    ---------    ---------

EXPENSES:
Selling and marketing ......      93,930       39,501      139,031       70,234
General and administrative .     101,017       53,837      182,147      109,262
Research and development ...       2,100        2,100       10,868        5,841
Interest expense ...........       7,050        2,141       12,575        3,210
                               ---------    ---------    ---------    ---------
Total expenses .............     204,097       97,579      344,621      188,547
                               ---------    ---------    ---------    ---------

LOSS BEFORE INCOME TAXES ...    (199,192)     (85,328)    (274,849)    (121,408)

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

NET LOSS ...................   $(199,192)   $ (85,328)   $(274,849)   $(121,408)
                               =========    =========    =========    =========

BASIC AND DILUTED LOSS
   PER SHARE ...............   $   (0.09)   $   (0.04)   $   (0.13)   $   (0.06)
                               =========    =========    =========    =========

WEIGHTED AVERAGE SHARES
   OUTSTANDING .............   2,329,396    1,920,000    2,124,698    1,920,000
                               =========    =========    =========    =========


See accompanying notes to financial statements.


                                       5
<PAGE>


ADVANCED MEDIA TRAINING, INC.


STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2004 AND 2003 (Unaudited)
--------------------------------------------------------------------------------
                                                           2004          2003
                                                        ---------     ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ...........................................    $(274,849)    $(121,408)
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           -0-
     Depreciation ..................................        1,260         1,021
     Amortization ..................................        1,500           -0-
     Changes in operating assets and liabilities:
         Accounts receivable .......................       (7,248)       25,804
         Other assets ..............................           (1)          106
         Accounts payable and accrued expenses .....       46,975        74,073
                                                        ---------     ---------
Net cash used by operating activities ..............     (148,193)      (86,255)
                                                        ---------     ---------

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-         1,204
Net borrowings from shareholder ....................      138,000        87,000
Net borrowings on line of credit ...................          200           -0-
Common stock issued for cash .......................       35,000           -0-
Contribution of capital ............................       15,000           -0-
                                                        ---------     ---------
Net cash provided by financing activities ..........      188,200        88,204
                                                        ---------     ---------

NET INCREASE IN CASH ...............................       10,007           -0-

CASH, BEGINNING OF PERIOD ..........................        4,115           -0-
                                                        ---------     ---------
CASH, END OF PERIOD ................................    $  14,122      $    -0-
                                                        =========     =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest .............................    $   1,242     $   1,152
Cash paid for income taxes .........................    $     -0-     $     -0-

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.


                                       6
<PAGE>


<TABLE>
ADVANCED MEDIA TRAINING, INC.

STATEMENTS OF SHAREHOLDERS' DEFICIT
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2004 (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 ...................     175,000         175      34,825         --         35,000

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

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

NET LOSS .................        --          --          --       (274,849)    (274,849)
                             ---------   ---------   ---------    ---------    ---------

BALANCE, MAY 31, 2003 ....   2,665,000   $   2,665   $ 335,334    $(800,285)   $(462,286)
                             =========   =========   =========    =========    =========
</TABLE>


See accompanying notes to financial statements.


                                       7
<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.

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 presentation.

PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS

These interim condensed financial  statements for the periods ended November 30,
2004 and 2003 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.


                                       8
<PAGE>


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, 2004 and 2003, 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 $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 2023.  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 $12,900 and $10,400 for the six months ended November 30, 2004
and 2003, respectively.

The Company has  commitments  to fund  approximately  $20,000  over the next six
months for the completion of two training videos.


                                       9
<PAGE>


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 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 six months ended
November 30, 2004.

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 six months ended November 30, 2004.

During the quarter ended November 30, 2004, 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  four 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  research  and  development
expenses.  We expense all research and development  expenses as incurred.  Costs
incurred  to  establish  the  feasibility  and  marketability  of a product  are
expensed as incurred and included in Research and Development expenses.

The third critical  accounting policy relates to accounts  receivable.  Accounts
receivable  are  reported  at  the  customers'  outstanding  balances  less  any
allowance  for doubtful  accounts.  Interest is not accrued on overdue  accounts
receivable.  The Company normally does not require advance payments on orders of
products.

The fourth  critical  accounting  policy  relates to the  allowance for doubtful
accounts.  The allowance for doubtful accounts on accounts receivable is charged
to income in amounts  sufficient  to maintain the  allowance  for  uncollectible
accounts  at a level  management  believes  is  adequate  to cover any  probable
losses.  Management determines the adequacy of the allowance based on historical
write-off  percentages  and  information  collected from  individual  customers.
Accounts receivable are charged off against the allowance when collectibility is
determined  to be  permanently  impaired  (bankruptcy,  lack of contact,  age of
account balance, etc.).


                                       11
<PAGE>


SELECT FINANCIAL INFORMATION

                                                    For the Three Months Ended
                                                   11/30/04            11/30/03
                                                 (Unaudited)         (Unaudited)
                                                  ---------           ---------
Statement of Operations Data
Total revenue ..........................          $  99,424           $  76,145
Operating loss .........................          $(192,142)          $ (83,187)
Net loss after taxes ...................          $(199,192)          $ (85,328)
Net loss per share .....................          $   (0.09)          $   (0.04)

Balance Sheet Data
Total assets ...........................          $  88,624           $  41,003
Total liabilities ......................          $ 550,910           $ 258,746
Stockholder's deficit ..................          $(462,286)          $(217,743)


THREE-MONTH  PERIOD ENDED NOVEMBER 30, 2004 COMPARED TO THREE-MONTH PERIOD ENDED
NOVEMBER 30, 2003

GENERAL

         Our revenues  for the three month  period ended  November 30, 2004 were
approximately $99,400.  Revenues for the prior three month period ended November
30, 2003, were  approximately  $76,000.  This represents an increase of $23,400.
This increase was mainly due to the hiring of two additional sales personnel.

         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 85% of sales in both fiscal 2004 and 2003.

COSTS AND EXPENSES

         From 2003 to 2004, the cost of goods sold during the three month period
ended  November  30,  increased  from  approximately  $63,900  to  approximately
$94,500.  This  represents  an increase of $30,600.  The cost of goods sold as a
percent of sales  increased by  approximately  14% (85% in 2003 to 99% in 2004).
This is primarily due to the expensing of production  costs ($60,700 in 2004 and
$37,000 in 2003)  incurred on several  new videos  which have not  produced  any
significant   revenues  to  date.  Total  operating   expenses   increased  from
approximately  $95,400 in the three  month  period  ended  November  30, 2003 to
approximately  $197,000  during  the same  period in 2004.  This  represents  an
increase of $101,600.  This increase was due  primarily to additional  marketing
expenditures  incurred for the launching of a new video,  additional  consulting
fees, additional payroll expenses for administrative personnel, and the issuance
of shares of our common stock valued at $82,000 to employees and consultants for
services rendered.


                                       12
<PAGE>


         Selling and marketing expenses increased from approximately  $39,500 in
2003 to  approximately  $93,900 in 2004. This represents an increase of $54,400.
The increase in selling and  marketing  was the result of the  additional  costs
incurred for advertising and marketing programs, consulting fees to Howard Young
of $9,000,  and the  issuance of shares of our common stock valued at $41,000 to
employees and consultants for services rendered.  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  increased  from  approximately
$53,800 in 2003 to  approximately  $101,000 in 2004. This represents an increase
of $47,200.  This increase was the result of increased  payroll and benefits for
professional and administrative  personnel ($6,000),  and the issuance of shares
of our common stock valued at $41,000 to employees and  consultants for services
rendered.  We  anticipate  that our general  and  administrative  expenses  will
increase as we add additional  administrative personnel to support the increased
infrastructure.

         Research and development expenses remained the same, $2,100 in 2003 and
$2,100 in 2004.  We  currently  pay a Director of the Company  $700 per month to
review and consult on potential  new scripts and ideas for training  videos.  We
anticipate  that such costs will increase  slightly as we create and develop new
training video products.

         Interest expense increased from $2,100 in 2003, to $7,100 in 2004. This
represents  an increase of $5,000.  This  increase is  primarily  due to further
borrowings from our President and principal shareholder.

         The  net  loss  increased  from   approximately   $85,300  in  2003  to
approximately  $199,200  in 2004.  The cause of this  increase  is mainly due to
costs  incurred for the production of two new videos,  additional  personnel and
consulting costs to build up our  infrastructure,  and the issuance of shares of
our common  stock valued at $82,000 to employees  and  consultants  for services
rendered.

SELECT FINANCIAL INFORMATION

                                                     For the Six Months Ended
                                                  -----------------------------
                                                   11/30/04            11/30/03
                                                 (Unaudited)         (Unaudited)
                                                  ---------           ---------
Statement of Operations Data
Total revenue ..........................          $ 214,652           $ 157,899
Operating loss .........................          $(262,300)          $(118,200)
Net loss after taxes ...................          $(274,849)          $(121,408)
Net loss per share .....................          $   (0.13)          $   (0.06)


                                       13
<PAGE>


SIX MONTH PERIOD FISCAL 2004 COMPARED TO SIX MONTH PERIOD FISCAL 2003

GENERAL

         Our  revenues  for the six month  period  ended  November 30, 2004 were
approximately  $214,700.  Revenues for the prior six month period ended November
30, 2003, were approximately  $157,900.  This represents an increase of $56,800.
This increase was mainly due to the hiring of additional  sales personnel during
this six month period.

         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 85% of sales in both fiscal 2004 and 2003.

COSTS AND EXPENSES

         From 2003 to 2004,  the cost of goods sold during the six month  period
ended  November 30,  increased  from  approximately  $90,800 to  $144,900.  This
represents an increase of $54,100.  The cost of goods sold as a percent of sales
increased by  approximately  10% (57% in 2003 to 67% in 2004) The primary reason
for this  increase  is the  expensing  of costs  ($68,700 in 2004 and $37,000 in
2003)  incurred for the production of several new videos which have not produced
any  significant  revenues to date.  Total  operating  expenses  increased  from
approximately  $185,300  in the six month  period  ended  November  30,  2003 to
$332,600  during  the same  period  in 2004.  This  represents  an  increase  of
$146,700. This increase was due primarily to marketing expenditures incurred for
the launching of a new video, additional consulting fees, and additional payroll
expenses for administrative  personnel, and the issuance of 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 $10,000 in 2003
and $13,000 in 2004. For fiscal 2005, we anticipate that operating expenses will
run lower  than  2004.  This is mainly  due to the fact that we do not expect at
this  time to  issue  as  many  shares  of our  common  stock  to  employees  or
consultants.  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.

         Selling and marketing expenses increased from approximately  $70,200 in
2003 to approximately  $139,000 in 2004. This represents an increase of $68,800.
The increase in selling and  marketing  was the result of the issuance of shares
of our common stock valued at $41,000 to employees and  consultants for services
rendered,  consulting fees to Howard Young of $18,000,  and the additional costs
incurred in  advertising  and marketing new videos,  much of which we anticipate
will benefit  future  periods.  Selling and  marketing  expenses are expected to
increase  if and  when we  produce  new  videos,  and  engage  additional  sales
representatives.

         General  and  administrative   expenses  increased  from  approximately
$109,300 in 2003 to approximately  $182,100 in 2004. This represents an increase
of $72,800. This


                                       14
<PAGE>


increase  was mainly the result of the  issuance  of shares of our common  stock
valued  at  $41,000  to  employees  and  consultants   for  services   rendered,
recruitment   expense  of  $10,000   related  to  the  hiring  of  a  new  sales
representative   and  increased   payroll  and  benefits  for  professional  and
administrative   personnel  ($11,000).   We  anticipate  that  our  general  and
administrative  expenses  will  increase  as we  add  additional  administrative
personnel to support the increased infrastructure.

         Research and development  expenses increased from approximately  $5,800
in 2003 to $10,900 in 2004.  We currently pay a Director of the Company $700 per
month to review and consult on  potential  new  scripts  and ideas for  training
videos.  We anticipate  that such costs will increase  slightly as we create and
develop new training video products.

         Interest  expense  increased  from  approximately  $3,200  in 2003,  to
approximately  $12,600 in 2004.  This  represents  an increase  of $9,400.  This
increase is primarily due to further borrowings from the Company's President and
principal shareholder.

         The  net  loss  increased  from  approximately   $121,400  in  2003  to
approximately  $274,800 in 2004. The cause of this increase is mainly due to the
issuance  of shares of our  common  stock  valued at $82,000  to  employees  and
consultants  for services  rendered,  the costs  incurred for the  production of
several new videos,  and additional  personnel and consulting  costs to build up
our infrastructure.

         We have an agreement  with our  President and majority  shareholder  to
fund any  shortfall in cash flow up to $500,000 at 8% interest.  Repayment is to
be made when funds are available  with the balance of principal and interest due
December  31,  2005.  The Company has borrowed  approximately  $353,000  through
November 30, 2004.

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  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,  2005.  The
Company's  marketing  expenses


                                       15
<PAGE>


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 approximately $16,700 on December 31, 2004. 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  approximately  $353,000 in principal under the
note as of December 23, 2004.  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  (7.22% at December 31, 2004).  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
December 31, 2004, was $37,000.

         We have a  commitment  during the next six months to fund up to $20,000
for the production of two new videos

         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,  2005.
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.


                                       16
<PAGE>


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 quarterly 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.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

         During the quarter  ended  November 30, 2004,  the Company sold 335,000
shares of our common  stock to 5  investors  for  $67,000.  Of the total  amount
raised as a result of the sale of these shares, $32,000 was a conversion of debt
by an  unaffiliated  third  party.  These  sales  of  shares  were  exempt  from
registration  under Section 4(2) of the  Securities Act of 1933 as a transaction
not  involving  a public  offering.  We  issued  the  shares  subject  to resale
restrictions.  These  shares  were  sold  solely to  investors  who were able to
demonstrate,  by completing a Subscription Agreement,  that they were accredited
or  sophisticated  investors.  Additionally,  each  investor was provides with a
package of information  that adequately  described the Company and disclosed all
relevant information. The following is an analysis of our use of these proceeds.

         Gross proceeds                              $67,000

         Debt conversion                             $32,000

         Working capital                             $35,000

         Working  capital  includes  payroll,  rent,  and other  general  office
expense.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES     None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         During the quarter ended  November 30, 2004, 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.


                                       18
<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 12, 2005                      /S/ BUDDY YOUNG
                                             -----------------------------------
                                             Buddy Young, President and Chief
                                             Executive Officer


                                       19