**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

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**Commission      File number: **

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**SKREEM      ENTERTAINMENT CORP.**

** **

**Nevada**

| Class                                  | Shares                outstanding | Date                             |
|----------------------------------------|-----------------------------------|----------------------------------|
| Common,                $.001 par value | 34,006,823                        | November                14, 2007 |

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|                    |  Part                I - Financial Information                                                                                                                                                                                                  |   |
|-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                    |                                                                                                                                                                                                                                                 |   |
| Item                1.  | Unaudited                Consolidated Financial Statements                                                                                                                                                                                           |   |
|                    |                                                                                                                                                                                                                                                 |   |
|                    | Unaudited                Balance Sheets as of September 30, 2007 and March 31, 2007                                                                                                                                                                  | 3      |
|                    |                                                                                                                                                                                                                                                 |   |
|                    | Unaudited                  Statements of Operations for the three and six months ended                  Septemer 30, 2007, and 2006 and for the period from inception,                  August 19,                  1999, through September 30, 2007 | 4      |
|                    |                                                                                                                                                                                                                                                 |   |
|                    | Unaudited                    Statements of Cash Flows for the six months ended                    September 30, 2007, and 2006 and the period from inception, August                    19,                    1999, through September 30, 2007      | 5      |
|                    |                                                                                                                                                                                                                                                 |   |
|                    | Notes                to the Unaudited Financial Statements                                                                                                                                                                                           | 6      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                2.  | Management’s                Discussion and Analysis or Plan of Operation                                                                                                                                                                       | 7      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                3 - | Controls                and Procedures                                                                                                                                                                                                               | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
|                    | Part                  II - Other                  Information                                                                                                                                                                                        |   |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                1   | Legal                Proceedings                                                                                                                                                                                                                     | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                2   | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                                           | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                3   | Defaults                Upon Senior Securities                                                                                                                                                                                                       | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                4   | Submission                of matters to a Vote of Security Holders                                                                                                                                                                                   | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                5   | Other                Information                                                                                                                                                                                                                     | 9      |
|                    |                                                                                                                                                                                                                                                 |   |
| Item                6   | Exhibits                                                                                                                                                                                                                                             | 9      |

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**ITEM      1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**

|                                                                                                                                                |   | September 30, 2007 |       | March 31, 2007 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|--------------------------|--------|
| ASSETS                                                                                                                                              |   |                         |       |                     |   |   |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Current                assets:                                                                                                                      |   |                         |       |                     |   |   |   |
| Cash                and cash equivalents                                                                                                            |   | $                            | -          |                     | $      | 339 |   |
| Related                party receivable                                                                                                             |   |                         | 658        |                     |   | 5,158 |   |
| Due                from affiliate                                                                                                                   |   |                         | -          |                     |   | 13,078 |   |
| Total                current assets                                                                                                                 |   |                         | 658        |                     |   | 18,575 |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Property                and equipment, net of $47,994 and $46,716 accumulated                depreciation                                           |   |                         | 1,664      |                     |   | 2,943 |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Total                assets                                                                                                                         |   | $                            | 2,322      |                     | $      | 21,518 |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| LIABILITIES                AND SHAREHOLDERS' DEFICIT                                                                                                |   |                         |       |                     |   |   |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Current                liabilities:                                                                                                                 |   |                         |       |                     |   |   |   |
| Accounts                payable and accrued liabilities                                                                                             |   | $                            | 154,239    |                     | $      | 142,987 |   |
| Related                party payable                                                                                                                |   |                         | 9,254      |                     |   | 9,254 |   |
| Notes                payable - shareholder                                                                                                          |   |                         | -          |                     |   | 159,280 |   |
| Notes                payable - related party                                                                                                        |   |                         | 11,500     |                     |   | - |   |
| Interest                payable to shareholder                                                                                                      |   |                         | 437        |                     |   | - |   |
| Due                to affiliate                                                                                                                     |   |                         | 9,744      |                     |   | - |   |
| Deferred                revenue                                                                                                                     |   |                         | 18,886     |                     |   | 22,841 |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Total                current liabilities                                                                                                            |   |                         | 204,060    |                     |   | 334,362 |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Commitments                and contingencies                                                                                                        |   |                         | -          |                     |   | - |   |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Shareholders'                deficit                                                                                                                |   |                         |       |                     |   |   |   |
| Preferred                stock, par value $0.001, 5,000,000 shares authorized, no shares issued                and                outstanding       |   |                         | -          |                     |   | - |   |
| Common                stock, par value $0.001, 50,000,000 shares authorized, 34,006,823                shares                issued and outstanding |   |                         | 34,007     |                     |   | 27,311 |   |
| Paid-in                capital                                                                                                                      |   |                         | 6,736,705  |                     |   | 6,576,009 |   |
| Deficit                accumulated during the development stage                                                                                     |   |                         | (6,972,450 | )                        |   | (6,916,164 | ) |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Total                shareholders' deficit                                                                                                          |   |                         | (201,738   | )                        |   | (312,844 | ) |
|                                                                                                                                                |   |                         |       |                     |   |   |   |
| Total                liabilities and shareholders' deficit                                                                                          |   | $                            | 2,322      |                     | $      | 21,518 |   |

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|                                               |   | Three Months EndedSeptember 30, |       | Six Months EndedSeptember 30, |   | Inception toSeptember 30, |   |
|----------------------------------------------------|--------|------------------------------------------------|------------|----------------------------------------------|--------|-------------------------------------|--------|
|                                               |   | 2007                                           |       | 2006                                         |   | 2007                                |   | 2006 |   | 2007 |   |
|                                               |   |                                           |       |                                         |   |                                |   |   |   |   |   |
| Revenue                                            |   | $                                              | 5,533      |                                         | $      | 90,853                              |   | $ | 12,429 |   | $ | 157,547 |   | $ | 364,195 |   |
| Expenses                                           |   |                                           |       |                                         |   |                                |   |   |   |   |   |   |   |   |   |   |
|                                               |   |                                           |       |                                         |   |                                |   |   |   |   |   |   |   |   |   |   |
| Operating                expenses                  |   |                                           | -          |                                         |   | (598,047                            | )      |   | - |   |   | (921,152 | ) |   | (4,413,666 | ) |
| General                and administrative expenses |   |                                           | (33,335    | )                                            |   | (108,624                            | )      |   | (64,866 | ) |   | (257,975 | ) |   | (2,251,035 | ) |
| Impairment                of loan receivable       |   |                                           | -          |                                         |   | -                                   |   |   | - |   |   | - |   |   | (130,000 | ) |
| Total                expenses                      |   |                                           | (33,335    | )                                            |   | (706,671                            | )      |   | (64,866 | ) |   | (1,179,127 | ) |   | (6,794,701 | ) |
| Loss                from operations                |   |                                           | (27,802    | )                                            |   | (615,818                            | )      |   | (52,437 | ) |   | (1,021,580 | ) |   | (6,430,506 | ) |
| Interest                expense                    |   |                                           | (2,437     | )                                            |   | (20,985                             | )      |   | (3,849 | ) |   | (48,760 | ) |   | (541,944 | ) |
|                                               |   |                                           |       |                                         |   |                                |   |   |   |   |   |   |   |   |   |   |
| Net                loss                            |   | $                                              | (30,239    | )                                            | $      | (636,803                            | )      | $ | (56,286 | ) | $ | (1,070,340 | ) | $ | (6,972,450 | ) |
|                                               |   |                                           |       |                                         |   |                                |   |   |   |   |   |   |   |   |   |   |
| Basic                and diluted loss per share    |   | $                                              | (0.00      | )                                            | $      | (10.11                              | )      | $ | (0.00 | ) | $ | (16.99 | ) |   |   |   |
| Weighted                average shares outstanding |   |                                           | 29,130,620 |                                         |   | 63,000                              |   |   | 28,225,852 |   |   | 63,000 |   |   |   |   |

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|                                                                                                      |   | Six Months Ended |    | Inception to  |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------|---------|--------------------|--------|
|                                                                                                      |   | September 30,         |    | September 30, |   | September 30 |   |
|                                                                                                      |   | 2007                       |    | 2006               |   | 2007 |   |
|                                                                                                      |   |                       |    |               |   |   |   |
| Cash                flows from operating activities:                                                      |   |                       |    |               |   |   |   |   |   |   |
| Net                loss                                                                                   |   | $                          | (56,286 | )                  | $      | (1,070,340 | ) | $ | (6,972,450 | ) |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                       |    |               |   |   |   |   |   |   |
| Depreciation                expense                                                                       |   |                       | 1,279   |               |   | 2,094 |   |   | 51,980 |   |
| Impairment                of loan receivable                                                              |   |                       | -       |               |   | - |   |   | 130,000 |   |
| Accrued                interest payable converted to equity                                               |   |                       | 1,412   |               |   | 33,439 |   |   | 209,817 |   |
| Common                stock issued for services                                                           |   |                       | -       |               |   | - |   |   | 123,599 |   |
| Expenses                paid by shareholder and affiliate                                                 |   |                       | -       |               |   | 515,000 |   |   | 636,796 |   |
| Payables                and services converted to SKRM common stock                                       |   |                       | -       |               |   | 250,000 |   |   | 770,674 |   |
| Changes                in operating assets and liabilities:                                               |   |                       |    |               |   |   |   |   |   |   |
| Decrease                (increase) in related party receivable                                            |   |                       | 4,500   |               |   | - |   |   | (658 | ) |
| Decrease                (increase) in interest receivable                                                 |   |                       | -       |               |   | (1,093 | ) |   | - |   |
| Increase                (decrease) in accounts payable and accrued liabilities                            |   |                       | 11,252  |               |   | 41,629 |   |   | 213,493 |   |
| Increase                in interest payable to affiliates                                                 |   |                       | 2,437   |               |   | - |   |   | 275,116 |   |
| Increase                (decrease) in deferred revenue                                                    |   |                       | (3,955  | )                  |   | 2,712 |   |   | 18,886 |   |
|                                                                                                      |   |                       |    |               |   |   |   |   |   |   |
| Net                cash used in operating activities                                                      |   |                       | (39,361 | )                  |   | (226,559 | ) |   | (4,542,747 | ) |
|                                                                                                      |   |                       |    |               |   |   |   |   |   |   |
| Cash                flows from investing activities:                                                      |   |                       |    |               |   |   |   |   |   |   |
| Purchase                of property and equipment                                                         |   |                       | -       |               |   | (2,030 | ) |   | (53,644 | ) |
| Loan                receivable                                                                            |   |                       | -       |               |   | (100,000 | ) |   | (130,000 | ) |
| Net                cash used by investing activities                                                      |   |                       | -       |               |   | (102,030 | ) |   | (183,644 | ) |
|                                                                                                      |   |                       |    |               |   |   |   |   |   |   |
| Cash                flows from financing activities:                                                      |   |                       |    |               |   |   |   |   |   |   |
| Proceeds                from parent company                                                               |   |                       | 22,822  |               |   | 19,695 |   |   | 682,767 |   |
| Proceeds                from notes payable-other                                                          |   |                       | -       |               |   | - |   |   | 385,000 |   |
| Proceeds                from notes payable-shareholder                                                    |   |                       | 6,700   |               |   | 191,700 |   |   | 1,810,250 |   |
| Proceeds                from notes payable to affiliates                                                  |   |                       | 11,500  |               |   | 63,000 |   |   | 2,513,691 |   |
| Payments                on notes payable to affiliates                                                    |   |                       | -       |               |   | - |   |   | (140,000 | ) |
| Payments                on notes payable-other                                                            |   |                       | -       |               |   | - |   |   | (338,018 | ) |
| Payments                on notes payable-shareholder                                                      |   |                       | (2,000  | )                  |   | (2,181 | ) |   | (187,299 | ) |
| Net                cash provided by financing activities                                                  |   |                       | 39,022  |               |   | 272,214 |   |   | 4,726,391 |   |
| Net                decrease in cash and cash equivalents                                                  |   |                       | (339    | )                  |   | (56,375 | ) |   | - |   |
|                                                                                                      |   |                       |    |               |   |   |   |   |   |   |
| Cash                and cash equivalents, beginning of year                                               |   |                       | 339     |               |   | 62,383 |   |   | - |   |
| Cash                and cash equivalents, end of year                                                     |   | $                          | -       |               | $      | 6,008 |   | $ | - |   |

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**SKREEM      ENTERTAINMENT CORPORATION**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**Note      1 - BASIS OF PRESENTATION**

**Note      2 - GOING CONCERN**

**Note      3 - CONVERSION OF NOTES PAYABLE AND INTEREST PAYABLE TO COMMON      STOCK**

**Note      4 - SUPPLEMENTAL CASH FLOW INFORMATION**

*Interest      paid and income taxes paid:*

*Non-cash      transaction:*

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**ITEM      - 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION**

**THIS      REPORT CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A      OF      THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF      1934. THESE FORWARD LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND      UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM      HISTORICAL RESULTS OR ANTICIPATED RESULTS, INCLUDING THOSE SET FORTH UNDER      "RISK      FACTORS" IN THIS “MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION      AND RESULTS OF OPERATIONS" AND ELSEWHERE IN THIS REPORT. THE FOLLOWING      DISCUSSION AND ANALYSIS SHOULD BE READ IN CONJUNCTION WITH "SELECTED FINANCIAL      DATA" AND THE COMPANY'S FINANCIAL STATEMENTS AND NOTES THERETO INCLUDED      ELSEWHERE IN THIS REPORT.**

**Plan      of Operation**

**Results      of Operations for the three and six months ended September 30, 2007 as Compared      to the three and six months ended September 30, 2006.**

*Revenues      - *

*Operating      Expenses - *

*General      and Administrative Expenses - *

*Interest      Expense - *

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**Liquidity      and Capital Resources**

|                                                 |   | Six Months Ended |    |
|------------------------------------------------------|--------|----------------------------|---------|
|                                                 |   | September 30,         |    | September 30, |   |
|                                                 |   | 2007                       |    | 2006 |   |
| Cash                used in operating activities     |   | $                          | (39,361 | ) | $ | (226,559 | ) |
| Cash                used in investing activities     |   |                       | -       |   |   | (102,030 | ) |
| Cash                provided by financing activities |   |                       | 39,022  |   |   | 272,214 |   |
| Net                changes to cash                   |   | $                          | (339    | ) | $ | (56,375 | ) |

**GOING      CONCERN**

**RISK      FACTORS**

**OUR      BUSINESS IS SUBJECT TO MANY RISK FACTORS, INCLUDING THE FOLLOWING (REFERENCES      TO      "OUR," "US," "WE," AND WORDS OF SIMILAR MEANING) IN THESE RISK FACTORS REFER      TO      THE COMPANY.**

**WE      HAVE NOT PAID ANY CASH DIVIDENDS IN THE PAST AND HAVE NO PLANS TO ISSUE CASH      DIVIDENDS IN THE FUTURE, WHICH COULD CAUSE THE VALUE OF OUR COMMON STOCK TO      HAVE      A LOWER VALUE THAN OTHER SIMILAR COMPANIES WHICH DO PAY CASH      DIVIDENDS.**

**WE      MAY NOT BE ABLE TO OBTAIN A TRADING MARKET FOR YOUR      SHARES.**

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**IT      IS MORE DIFFICULT FOR OUR SHAREHOLDERS TO SELL THEIR SHARES BECAUSE WE ARE      NOT,      AND MAY NEVER BE, ELIGIBLE FOR NASDAQ OR ANY NATIONAL STOCK EXCHANGE.**

**JEFFREY      MARTIN OWNS DIRECTLY AND INDIRECTLY THROUGH RELATED PARTIES APPROXIMATELY 86.3%      OF OUR OUTSTANDING COMMON STOCK, AND HAS SIGNIFICANT INFLUENCE OVER OUR      CORPORATE DECISIONS, AND AS A RESULT, IF YOU INVEST IN US, YOUR ABILITY TO      AFFECT CORPORATE DECISIONS WILL BE LIMITED.**

**ITEM      3. CONTROLS AND PROCEDURES**

**PART      II - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS**

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES**

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

**ITEM      5. OTHER INFORMATION**

**ITEM      6. EXHIBITS**

| Number                  |   | Description                                                                                                                                                                                                                                                                                                                      |
|-------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                (1)  |   | Articles                of Incorporation, as Amended                                                                                                                                                                                                                                                                             |
| 3.2                (1)  |   | Bylaws                                                                                                                                                                                                                                                                                                                           |
| 31.1                (2) |   | Certification                of Chief Executive Officer of Skreem Entertainment Corporation Required                by                Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of                1934,                as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of                2002 |

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| 31.2                (2) |   | Certification                of Chief Financial Officer of Skreem Entertainment Corporation Required                by                Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of                1934,                as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of                2002 |
|-------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 32.1                (2) |   | Certification                of Chief Executive Officer of Skreem Entertainment Corporation Pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of                18                U.S.C. 63                                                                               |
| 32.2                (2) |   | Certification                of Chief Financial Officer of Skreem Entertainment Corporation Pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of                18                U.S.C. 63                                                                               |

| (1) | Previously                filed with the form 8-K filed on April 7, 2004 and is incorporated                herein                by reference. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Field              herewith |
|-----|-----------------------------|

|                                   | SKREEM                ENTERTAINMENT CORPORATION |
|----------------------------------------|-------------------------------------------------|
|                                   |                                            |   |
| Date:                November 19, 2007 | By:                                             | /s/                Charles Camorata |
|                                   |                                            | Charles                Camorata |
|                                   |                                            | Principal                Executive Officer |
|                                   |                                            |   |
| Date:                November 19, 2007 | By:                                             | /s/                Karen Pollino |
|                                   |                                            | Karen                Pollino |
|                                   |                                            | Chief                Financial Officer |

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