**UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**







FORM
      10-QSB







Quarterly
      Report Pursuant to Section 13 or 15 (D) of the Securities Act of
      1934


for
      the
      quarterly period ended: September 30, 2007





**Commission
      File number:** 000-52677










**SKREEM
      ENTERTAINMENT CORP.**


(Exact
      name of small business issuer as specified in its charter)





**Nevada**


(State
      or
      other jurisdiction of Incorporation or organization)





59-3608515


(IRS
      Employee Identification No.)





11637
      Orpington Street


Orlando,
      Florida 32817


(407)
      207-0400


(Address
      of principal executive offices)





(Former
      name, former address and former fiscal year, if changed since last
      report)





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during
      the preceding 12 months (or for 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 o





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act)    Yes o
      No x





**APPLICABLE
      TO ISSUERS INVOLVED IN BANKRUPTCY**


**PROCEEDINGS
      DURING THE PRECEDING FIVE YEARS**





Check
      whether the registrant filed all documents and reports required to be filed
      by
      Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
      under a plan confirmed by a court Yes o No o





**APPLICABLE
      ONLY TO CORPORATE ISSUERS**





State
      the
      number of shares outstanding of each of the issuer's classes of common stock,
      as
      of the latest practicable date:




Class
            Shares
                outstanding
            DateCommon,
                $.001 par value
            34,006,823
            November
                14, 2007





Transitional
      Small Business Disclosure Format (Check one):  Yes o
      No o


1




TABLE
      OF
      CONTENTS





SKREEM
      Entertainment Corporation


(A
      DEVELOPMENT STAGE COMPANY)





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




2


**ITEM
      1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**





SKREEM
      ENTERTAINMENT CORPORATION


(A
      DEVELOPMENT STAGE COMPANY)


UNAUDITED
      BALANCE SHEETS


September
      30, 2007 and March 31, 2007




September 30, 2007
            
            March 31, 2007ASSETSCurrent
                assets:Cash
                and cash equivalents
            
            $
            -
            
            $
            339Related
                party receivable
            
            
            658
            
            
            5,158Due
                from affiliate
            
            
            -
            
            
            13,078Total
                current assets
            
            
            658
            
            
            18,575Property
                and equipment, net of $47,994 and $46,716 accumulated
                depreciation
            
            
            1,664
            
            
            2,943Total
                assets
            
            $
            2,322
            
            $
            21,518LIABILITIES
                AND SHAREHOLDERS' DEFICITCurrent
                liabilities:Accounts
                payable and accrued liabilities
            
            $
            154,239
            
            $
            142,987Related
                party payable
            
            
            9,254
            
            
            9,254Notes
                payable – shareholder
            
            
            -
            
            
            159,280Notes
                payable – related party
            
            
            11,500
            
            
            -Interest
                payable to shareholder
            
            
            437
            
            
            -Due
                to affiliate
            
            
            9,744
            
            
            -Deferred
                revenue
            
            
            18,886
            
            
            22,841Total
                current liabilities
            
            
            204,060
            
            
            334,362Commitments
                and contingencies
            
            
            -
            
            
            -Shareholders'
                deficitPreferred
                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
            
            
            27,311Paid-in
                capital
            
            
            6,736,705
            
            
            6,576,009Deficit
                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




The
      accompanying notes are an integral part


of
      these
      unaudited financial statements


3




SKREEM
      ENTERTAINMENT CORPORATION


(A
      DEVELOPMENT STAGE COMPANY)


UNAUDITED
      STATEMENTS OF OPERATIONS


For
      the
      Three and Six Months Ended September 30, 2007 and 2006 and


for
      the
      Period from Inception, August 19, 1999 to September 30, 2007





Three Months Ended
            
            Six Months Ended
            
            Inception toSeptember 30,
            
            September 30,
            
            September 30,2007
            
            2006
            
            2007
            
            2006
            
            2007Revenue
            
            $
            5,533
            
            $
            90,853
            
            $
            12,429
            
            $
            157,547
            
            $
            364,195ExpensesOperating
                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




The
      accompanying notes are an integral part


of
      these
      unaudited financial statements


4


SKREEM
        ENTERTAINMENT CORPORATION
 (A
        DEVELOPMENT STAGE COMPANY)
 UNAUDITED
        STATEMENTS OF CASH FLOWS
 For
        the
        Six months Ended September 30, 2007 and 2006 and for
 the
        Period from Inception, August 19, 1999 to September 30, 2007
 
 Six Months Ended
              
              Inception toSeptember 30,
              
              September 30,
              
              September 302007
              
              2006
              
              2007Cash
                  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
              
              
              51,980Impairment
                  of loan receivable
              
              
              -
              
              
              -
              
              
              130,000Accrued
                  interest payable converted to equity
              
              
              1,412
              
              
              33,439
              
              
              209,817Common
                  stock issued for services
              
              
              -
              
              
              -
              
              
              123,599Expenses
                  paid by shareholder and affiliate
              
              
              -
              
              
              515,000
              
              
              636,796Payables
                  and services converted to SKRM common stock
              
              
              -
              
              
              250,000
              
              
              770,674Changes
                  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
              
              
              213,493Increase
                  in interest payable to affiliates
              
              
              2,437
              
              
              -
              
              
              275,116Increase
                  (decrease) in deferred revenue
              
              
              (3,955
              )
              
              2,712
              
              
              18,886Net
                  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
              
              
              682,767Proceeds
                  from notes payable-other
              
              
              -
              
              
              -
              
              
              385,000Proceeds
                  from notes payable-shareholder
              
              
              6,700
              
              
              191,700
              
              
              1,810,250Proceeds
                  from notes payable to affiliates
              
              
              11,500
              
              
              63,000
              
              
              2,513,691Payments
                  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
              
              
              4,726,391Net
                  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
              
              $
              -
 
 The
        accompanying notes are an integral part
 of
        these
        unaudited financial statements
  5


****


**SKREEM
      ENTERTAINMENT CORPORATION**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO UNAUDITED FINANCIAL STATEMENTS**





**Note
      1 – BASIS OF PRESENTATION**





The
      accompanying unaudited consolidated financial statements of SKREEM ENTERTAINMENT
      CORPORATION have been prepared in accordance with accounting principles
      generally accepted in the United States of America for interim financial
      information and with the instructions to Form 10QSB and Item 310(b) of
      Regulation S-B. Certain information and footnote disclosures normally in
      financial statements prepared in accordance with generally accepted accounting
      principles have been or omitted pursuant to the rules and regulations of the
      Securities and Exchange Commission; however, management believes the disclosures
      which are made are adequate to make the information presented not misleading.
      Management believes that all adjustments have been made to the financial
      statements as are necessary to the fair statement of the results of the interim
      period. These consolidated financial statements and footnotes should be read
      in
      conjunction with the consolidated financial statements and notes thereto
      included in the Company’s Annual Report on Form 10-SB for the year ended March
      31, 2007, and Management’s Discussion and Analysis of Financial Condition and
      Results of Operations. Certain prior year amounts have been reclassified to
      conform to the current year presentation.





**Note
      2 – GOING CONCERN**





The
      accompanying unaudited financial statements have been prepared on a going
      concern basis, which contemplates the realization of assets and the satisfaction
      of liabilities in the normal course of business. The Company sustained losses
      of
      $30,239 and $636,803 for the three months ended September 30, 2007 and 2006.
      Also, for the six months ended September 30, 2007 and 2006, the Company
      sustained losses of $56,286 and $1,070,340 respectively. The Company had an
      accumulated deficit of $6,972,450 at September 30, 2007. These factors raise
      substantial doubt about the ability of the Company to continue as a going
      concern for a reasonable period of time. The Company is highly dependent on
      its
      ability to continue to obtain investment capital and loans from an affiliate
      and
      shareholder in order to fund the current and planned operating levels. The
      consolidated financial statements do not include any adjustments relating to
      the
      recoverability and classification of recorded asset amounts or the amounts
      and
      classification of liabilities that might be necessary should the Company be
      unable to continue as a going concern. The Company’s continuation as a going
      concern is dependent upon its ability to bring in income generating activities
      and its ability to continue receiving investment capital and loans from an
      affiliate and shareholder to sustain its current level of operations. No
      assurance can be given that the Company will be successful in these efforts.





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





The
      Board
      of Directors authorized on August 28, 2007 the conversion of $167,392 in
      interest and notes payable due to a major shareholder to 6,695,682 shares of
      common stock. The shares were issued by the transfer agent on September 5,
      2007.
      The transaction was recorded on September 5, 2007 where by $6,696 was credited
      to common stock and $160,696 was credited to additional paid in capital. The
      common stock was valued at $.025 per share.





**Note
      4 – SUPPLEMENTAL CASH FLOW INFORMATION**





*Interest
      paid and income taxes paid:*





During
      the six months ended September 30, 2007 and 2006, approximately $2,000 and
      $15,000 was paid in interest, respectively. The Company has made no payments
      for
      income taxes during either of these periods.





*Non–cash
      transaction:*





On
      September 5, 2007, the Company converted a total of $167,392 in notes payable
      and interest payable due to a major shareholder to 6,695,682 shares of common
      stock.




6


**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**





Skreem
      Entertainment Corporation (“SKREEM” or “The Company”) is a development stage
      company that was incorporated in Nevada on August 19, 1999 and was formed to
      promote, finance and manage artists and projects in the music industry and
      is
      located in the State of Florida.





**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 –*





The
      Company recorded revenue of $5,533 and $90,853 for the three months ended
      September 30, 2007 and 2006, respectively. The revenue for both periods consists
      of earnings from licensing agreements to distribute 3rd Wish’s music and the
      prior period ending September 30, 2006 also includes $89,100 in related party
      record sales.





The
      Company recorded revenue of $12,429 and $157,547 for the six months ended
      September 30, 2007 and 2006, respectively. The revenue for the current period
      consists of earnings from licensing agreements to distribute 3 rd Wish’s
      music. The revenue for the six months ending September 30, 2006 consists of
      earnings of $31,447 from licensing agreements to distribute 3 rd Wish’s
      music and sales of recordings to a related party record sales of $126,100.





*Operating
      Expenses –*





Operating
      expenses for the three months ended September 30, 2007 were $0, a decrease
      of
      $598,047 or 100% from $598,047 for the corresponding period ended September
      30,
      2006. The decrease is primarily due to the completion of music acts touring
      and
      performing overseas.





Operating
      expenses for the six months ended September 30, 2007 were $0, a 100% decrease
      over the prior period. The operating expenses for the six months ended September
      30, 2006 were $921,152. Operating expenses in 2006 were comprised mainly of
      advertising expenses and touring, traveling and promotional expense to support
      our music artists. The decrease in 2007 is primarily due to the completion
      of
      music acts touring and performing overseas.





*General
      and Administrative Expenses –*





General
      and administrative expenses decreased by $75,289 or 69% to $33,335 for the
      three
      months ended September 30, 2007 from $108,624 for the corresponding period
      in
      the prior year. This decrease is primarily attributable to a decrease in
      delivery expenses, a decrease in professional and consulting fees and a decrease
      in other general and administrative expenses.





General
      and administrative expense decreased by $193,109 or 75% to $64,866 for the
      six
      months ended September 30, 2007 from $257,975 for the corresponding period
      in
      the prior year. Again, this decrease is primarily attributable to a decrease
      in
      delivery expenses, a decrease in professional and consulting fees and a decrease
      in other general and administrative expenses.





*Interest
      Expense –*





For
      the
      three months ended September 30, 2007, the Company recorded interest expense
      in
      the amount of $2,437, which relates to interest expense on the notes payable
      to
      a major shareholder. This compares with interest expense on notes payable of
      $20,985 for the three months ended September 30, 2006.





For
      the
      six months ended September 30, 2007, the Company recorded interest expense
      in
      the amount of $3,849, which relates to interest expense on the notes payable
      to
      a major shareholder. This compares with interest expense on notes payable of
      $48,760 for the six months ended September 30, 2006.




7





**Liquidity
      and Capital Resources**





As
      of
      September 30, 2007, the Company had no cash and a deficit in working capital
      of
      $203,402. This compares with cash of $6,008 and a deficit in working capital
      of
      $398,922 as of September 30, 2006.





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





Cash
      used
      in operations decreased by $187,198 to $39,361 for the six months ended
      September 30, 2007 from $226,559 for the corresponding prior period. The
      decrease is attributable to a significant decrease in non-cash stock
      issuances.





Cash
      used
      in investing activities for the six months ended September 30, 2007 was $0.
      The
      Company purchased $2,030 of equipment and loaned $100,000 to Weaver Interactive,
      Inc. during the six months ended September 30, 2006.





Cash
      provided from financing activities for the six months ended September 30, 2007
      was $39,022, which is comprised of proceeds from its parent company of $22,822,
      proceeds from several notes payables for $18,200 and the use of $2,000 towards
      interest payments. Cash provided by financing activities for the six months
      ended September 30, 2006 was $272,217 from the issuance of promissory notes
      and
      common stock.





**GOING
      CONCERN**




The
      accompanying unaudited financial statements have been prepared on a going
      concern basis, which contemplates the realization of assets and the satisfaction
      of liabilities in the normal course of business. The Company sustained losses
      of
      $30,239 and $636,803 for the three months ended September 30, 2007 and 2006.
      Also, for the six months ended September 30, 2007 and 2006, the Company
      sustained losses of $56,286 and $1,070,340 respectively. The Company had an
      accumulated deficit of $6,972,450 at September 30, 2007. These factors raise
      substantial doubt about the ability of the Company to continue as a going
      concern for a reasonable period of time. The Company is highly dependent on
      its
      ability to continue to obtain investment capital and loans from an affiliate
      and
      shareholder in order to fund the current and planned operating levels. The
      consolidated financial statements do not include any adjustments relating to
      the
      recoverability and classification of recorded asset amounts or the amounts
      and
      classification of liabilities that might be necessary should the Company be
      unable to continue as a going concern. The Company’s continuation as a going
      concern is dependent upon its ability to bring in income generating activities
      and its ability to continue receiving investment capital and loans from an
      affiliate and shareholder to sustain its current level of operations. No
      assurance can be given that the Company will be successful in these efforts.





**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
      have
      not paid any cash dividends on our common stock to date and do not anticipate
      any cash dividends being paid to holders of our common stock in the foreseeable
      future. While our dividend policy will be based on the operating results and
      capital needs of the business, it is anticipated that any earnings will be
      retained to finance our future expansion. As we have no plans to issue cash
      dividends in the future, our common stock could be less desirable to other
      investors and as a result, the value of our common stock may decline, or fail
      to
      reach the valuations of other similarly situated companies who have historically
      paid cash dividends in the past.





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





Trading
      in our Common Stock, if any, is intended to be conducted on the OTC Bulletin
      Board operated by the NASD, if and when, we obtain a listing. We will make
      an
      application to the NASD to list these shares on the Over the Counter Bulletin
      Board operated by the NASD. Because we may not be able to obtain or maintain
      a
      listing on the OTC Bulletin Board, your shares may be more difficult to sell.
      However, if we are unable to qualify for this listing, or if we will become
      unable to maintain our listing on the OTC Bulletin Board, we believe that our
      stock will trade on over-the-counter market in the so-called “pink sheets”.
      Consequently, selling your Common Stock would be more difficult because only
      smaller quantities of stock could be bought and sold, transactions could be
      delayed, and security analysts' and news media's coverage of ISDERA, NORTH
      AMERICA, INC. may be reduced. These factors could result in lower prices and
      larger spreads in the bid and ask prices for our stock.


8


**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.**





We
      are
      not presently, nor is it likely that for the foreseeable future we will be,
      eligible for inclusion in NASDAQ or for listing on any United States national
      stock exchange. To be eligible to be included in NASDAQ, a company is required
      to have not less than $4,000,000 in net tangible assets, a public float with
      a
      market value of not less than $5,000,000, and a minimum bid price of $4.00
      per
      share. At the present time, we are unable to state when, if ever, we will meet
      the NASDAQ application standards. Unless we are able to increase our net worth
      and market valuation substantially, either through the accumulation of surplus
      out of earned income or successful capital raising financing activities, we
      will
      never be able to meet the eligibility requirements of NASDAQ. As a result,
      it
      will more difficult for holders of our common stock to resell their shares
      to
      third parties or otherwise, which could have a material adverse effect on the
      liquidity and market price of our common stock





**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.**





Jeffrey
      Martin holds 29,345,838 shares of our common stock, representing approximately
      86.3% of the outstanding shares of our common stock Accordingly, Mr. Martin
      will
      have significant influence in determining the outcome of all corporate
      transactions or other matters, including mergers, consolidations and the sale
      of
      all or substantially all of our assets, and also the power to prevent or cause
      a
      change in control even after such conversion and exercise by other investors,
      as
      Mr. Martin will likely continue to be our largest shareholder. The interests
      of
      Mr. Martin may differ from the interests of the other stockholders and thus
      result in corporate decisions that are adverse to other shareholders.
      Additionally, potential investors should take into account the fact that any
      vote of shares purchased will have limited effect on the outcome of corporate
      decisions.





**ITEM
      3. CONTROLS AND PROCEDURES**





(a)
      Evaluation of disclosure controls and procedures. Our Chief Executive Officer
      and Principal Financial Officer, after evaluating the effectiveness of our
      "disclosure controls and procedures" (as defined in the Securities Exchange
      Act
      of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered
      by
      this Report on Form 10-QSB (the "Evaluation Date"), has concluded that as of
      the
      Evaluation Date, our disclosure controls and procedures are effective to provide
      reasonable assurance that information we are required to disclose in reports
      that we file or submit under the Exchange Act is recorded, processed, summarized
      and reported within the time periods specified in the Securities and Exchange
      Commission rules and forms, and that such information is accumulated and
      communicated to our management, including our Chief Executive Officer and Chief
      Accounting Officer, as appropriate, to allow timely decisions regarding required
      disclosure.





(b)
      Changes in internal control over financial reporting. There were no changes
      in
      our internal control over financial reporting during our most recent fiscal
      quarter that materially affected, or were reasonably likely to materially
      affect, our internal control over financial reporting.





**PART
      II – OTHER INFORMATION**


**ITEM
                  1.**
              **LEGAL
                  PROCEEDINGS**None**ITEM
                  2.**
              **UNREGISTERED
                  SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**None**ITEM
                  3.**
              **DEFAULTS
                  UPON SENIOR SECURITIES**None**ITEM
                  4.**
              **SUBMISSION
                  OF MATTERS TO A VOTE OF SECURITY HOLDERS**None**ITEM
                  5.**
              **OTHER
                  INFORMATION**None**ITEM
                  6.**
              **EXHIBITS**
 
 Number
              
              Description3.1
                  (1)
              
              Articles
                  of Incorporation, as Amended3.2
                  (1)
              
              Bylaws31.1
                  (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
  9
  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
                  200232.1
                  (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. 6332.2
                  (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
 SIGNATURE




Pursuant
      to the requirements of the Securities Exchange Act of 1934, as amended, this
      report has been signed below by the following persons on behalf of the
      Registrant and in the capacities and on the date indicated.





SKREEM
                ENTERTAINMENT CORPORATIONDate:
                November 19, 2007
            By:
                /s/ Charles CamorataCharles
                CamorataPrincipal
                Executive OfficerDate:
                November 19, 2007
            By:
                /s/ Karen PollinoKaren
                PollinoChief
                Financial Officer




10