SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                For the quarterly period ended September 30, 2005

                                       OR

[ ] TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934

          From the transition period from ____________ to ___________.

                         Commission File Number 0-22236

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

            Delaware                                          33-0565710
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)


                 11637 Orpington Street, Orlando, Florida 32817
                    (Address of principal executive offices)

                                 (407) 207-0400
                           (Issuer's telephone number)

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

     Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
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 |_|

           Class                Shares Outstanding                  Date
 Common, $.001 par value            23,107,856               September 30, 2005




<PAGE>



                                TABLE OF CONTENTS

                        SKREEM ENTERTAINMENT CORPORATION



                          Part I. Financial Information

<TABLE>
<S>                                                                                                    <C>


Item 1.   Consolidated Financial Statements

         Unaudited Consolidated Condensed Balance Sheet - September 30, 2005                             3


         Unaudited Consolidated Condensed Statements of Operations for the six
           and three months ended September 30, 2005 and 2004 and for the period
           from inception, August 19, 1999, to September 30, 2005 4

         Unaudited Consolidated Condensed Statement of Changes in Shareholders' Deficit
           for the period from inception, August 19, 1999, to September 30, 2005                         6

         Unaudited Consolidated Condensed Statements of Cash Flows for the six months ended
           September 30, 2005 and 2004 and for the period from inception, August 19, 1999, to
           September 30, 2005                                                                            7



         Notes to the Unaudited Consolidated Financial Statements                                        8


Item 2.   Management's Discussion and Analysis or Plan of Operation                                     10


Item 3.   Controls and Procedures                                                                       12


                                             Part II. Other Information


Item 1.   Legal Proceedings                                                                             12



Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds                                   12


Item 3.   Defaults Upon Senior Securities                                                               12


Item 4.   Submission of Matters to a Vote of Security Holders                                           12


Item 5.   Other Information                                                                             12


Item 6.   Exhibits                                                                                      12

          Signatures                                                                                    14

          Certifications                                                                                14


</TABLE>


<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEET
September 30, 2005


                                     ASSETS



 Current assets:
     Cash and Cash equivalents                                  $       11,799
     Prepaid expenses and deposits                                      26,708
                                                                ---------------

       Total current assets                                             38,507


 Property and equipment, net                                             8,916
                                                                ---------------

         Total assets                                           $       47,423
                                                                ===============


                      LIABILITIES AND SHAREHOLDERS' DEFICIT

 Current liabilities:
     Accounts payable and accrued liabilities                   $      241,601
     Related party payable                                               9,254
     Deferred revenue                                                   25,808
     Accrued interest - shareholder and affiliates                     139,202
     Notes payable - shareholder                                     1,328,000
     Notes payable - affiliates                                        933,620
     Notes payable - other                                              50,000
                                                                ---------------

       Total current liabilities                                     2,727,485
                                                                ---------------

 Shareholders' deficit:
     Preferred shares - $0.001 par value; 1,000,000
       authorized, no shares issued or outstanding                           -
     Common shares - $0.001 par value; 50,000,000
       authorized; 23,107,856 shares issued and
       outstanding                                                      23,108
     Additional paid - in capital                                    1,860,823
     Losses accumulated in the development stage                    (4,563,993)
                                                                ---------------

       Total shareholders' deficit                                  (2,680,062)
                                                                ---------------


         Total liabilities and shareholders' deficit             $      47,423
                                                                ===============




        The accompanying notes are an integral part of these consolidated
                         condensed financial statements
                                        3
<PAGE>




SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS For the Six Months
Ended September 30, 2005 and 2004 and for the Period From Inception, August 19,
1999, to September 30, 2005

<TABLE>


                                                           Six Months Ended                   Inception to
                                                September 30,          September 30,          September 30,
                                                    2005                   2004                   2005
                                             --------------------   --------------------   --------------------
<S>                                           <C>                   <C>                   <C>


 Revenues                                    $           24,397      $              -    $            148,185

 Expenses
     Operating                                         (564,505)              (584,161)            (2,975,368)
     General and administrative                        (217,660)              (180,710)            (1,216,481)
     Impairment of loan receivable                           -                      -                (130,000)
                                             --------------------   --------------------   --------------------

       Total expenses                                  (782,165)              (764,871)            (4,321,849)
                                             --------------------   --------------------   --------------------

       Loss from operations                            (757,768)              (764,871)            (4,173,664)

 Interest expense                                       (77,092)               (26,940)              (390,329)
                                             --------------------   --------------------   --------------------

         Net loss                            $         (834,860)    $         (791,811)    $       (4,563,993)
                                             ====================   ====================   ====================

 Weighted Average Shares Outstanding -
     basic and diluted                                23,107,856             26,421,825
                                             ====================   ====================

 Loss Per Share -

     basic and diluted                       $            (0.04)    $            (0.03)
                                             ====================   ====================
</TABLE>


        The accompanying notes are an integral part of these consolidated
                         condensed financial statements

                                       4

<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS For the Three Months
Ended September 30, 2005 and 2004 and for the Period From Inception, August 19,
1999, to September 30, 2005

<TABLE>


                                                        Three Months Ended                   Inception to
                                               September 30,          September 30,          September 30,
                                                   2005                   2004                   2005
                                            --------------------   --------------------   --------------------
<S>                                         <C>                     <C>                    <C>


 Revenues                                   $            1,637          $          -           $     148,185

 Expenses
     Operating                                        (201,682)              (345,989)            (2,975,368)
     General and administrative                       (111,493)               (87,160)            (1,216,481)
     Impairment of loan receivable                          -                      -                (130,000)
                                            --------------------   --------------------   --------------------

       Total expenses                                 (313,175)              (433,149)            (4,321,849)
                                            --------------------   --------------------   --------------------

       Loss from operations                           (311,538)              (443,149)            (4,173,664)

 Interest expense                                      (40,585)               (15,950)              (390,329)
                                            --------------------   --------------------   --------------------

         Net loss                           $         (352,123)    $         (449,099)    $       (4,563,993)
                                            ====================   ====================   ====================

 Weighted Average Shares Outstanding -
     basic and diluted                               23,107,856             26,597,618
                                            ====================   ====================

 Loss Per Share -

     basic and diluted                      $            (0.02)    $            (0.02)
                                            ====================   ====================
</TABLE>





        The accompanying notes are an integral part of these consolidated
                         condensed financial statements


                                       5
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' DEFICIT
For the period from inception, August 19, 1999, to September 30, 2005

<TABLE>

                                                                                            Losses
                                                                                         Accumulated
                                                                       Additional         During the
                                            Common Stock                Paid-In          Development
                                       Shares           Amount          Capital             Stage               Total
                                   ----------------   ------------  -----------------  -----------------  ------------------
<S>                                 <C>                <C>           <C>                <C>                  <C>

Balance at Inception,
    August 19,1999                               -    $         -   $              -   $              -   $               -

Issuance of common stock                    20,000             20                  -                  -                  20

Net loss                                         -              -                  -           (84,021)            (84,021)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at December 31, 1999                20,000             20                  -           (84,021)            (84,001)

Net loss                                         -              -                  -          (230,879)           (230,879)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at December 31, 2000                20,000             20                  -          (314,900)           (314,880)

Net loss                                         -              -                  -          (494,816)           (494,816)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at December 31, 2001                20,000             20                  -          (809,716)           (809,696)

Net loss                                         -              -                  -          (384,590)           (384,590)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at December 31, 2002                20,000             20                  -        (1,194,306)         (1,194,286)

Reclassification of
    debt to equity                          43,000             43          1,581,940                             1,581,983

Net loss                                         -              -                  -          (736,364)           (736,364)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at December 31, 2003                63,000             63          1,581,940        (1,930,670)           (348,667)

Effect of issuance of common
    stock and recapitalization
    in a reverse acquisition
    transaction                         25,943,925         25,944           (25,944)                  -                   -

Net loss                                         -              -                  -          (205,994)           (205,994)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at March 31, 2004               26,006,925    $    26,007   $      1,555,996   $    (2,136,664)   $       (554,661)

Proceeds from issuance of
    common stock                           603,856            604            301,324                  -            301,928

Cancellation of shares                 (3,502,925)        (3,503)              3,503                  -                   -

Net loss                                         -              -                  -        (1,592,469)         (1,592,469)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at March 31, 2005               23,107,856         23,108          1,860,823        (3,729,133)         (1,845,202)

Net loss                                         -              -                  -          (834,860)           (834,860)
                                   ----------------   ------------  -----------------  -----------------  ------------------

Balance at September 30, 2005           23,107,856    $    23,108   $      1,860,823   $    (4,563,993)   $     (2,680,062)
                                   ================   ============  =================  =================  ==================

</TABLE>



         The accompanying notes are an integral part of these unaudited
                  consolidated condensed financial statements


                                       6
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS For the Six Months
Ended September 30, 2005 and 2004 and for the Period From Inception, August 19,
1999, to September 30, 2005
<TABLE>



                                                                              Six Months Ended               Inception to
                                                                   September 30,        September 30,        September 30,
                                                                       2005                 2004                2005
                                                                 ------------------   ------------------  ------------------
<S>                                                              <C>                   <C>                 <C>

 Cash Flows from Operating Activities:

     Net loss                                                    $  (834,860)    $       (791,811)   $     (4,563,993)
     Adjustments to reconcile net loss to net cash
       used by operating activities:
       Depreciation expense                                            1,819                3,831              42,699
       Impairment of loan receivable                                       -                    -             130,000
       Accrued interest converted to equity                                -                    -             208,405
       Expenses paid by shareholder and affiliate                     35,000                    -              88,026
       Changes in operating assets and liabilities:
         Decrease in accounts receivable                             114,257                    -                   -
         Decrease (Increase) in prepaid expenses and deposits          8,908               (1,515)            (26,687)
         Increase (decrease) in accounts payable and
           accrued liabilities                                       177,555               13,105             250,855
         Increase in interest payable to affiliates                   54,309               26,602             139,182
         (Decrease) Increase in deferred revenue                      (9,520)                   -              25,808
                                                                 -------------   ------------------  ------------------


           Net cash used by operating activities                    (452,532)            (749,788)         (3,705,705)
                                                                 -------------   ------------------  ------------------

 Cash Flows From Investing Activities

     Payments for purchase of property and equipment                    (864)             (11,441)            (51,615)

     Loan receivable                                                       -                    -            (130,000)
                                                                 -------------   ------------------  ------------------


           Net cash used by investing activities                        (864)             (11,441)           (181,615)



 Cash Flows From Financing Activities

     Proceeds from issuance of common stock                                 -             301,928             301,928

     Proceeds from notes payable - other                                    -             250,000             365,000

     Proceeds from notes payable - shareholder                        448,000             230,000           1,328,000

     Proceeds from notes payable - affiliate                                -              50,000           2,424,191

     Principal payments on notes payable - other                      (50,000)             (2,142)           (315,000)

     Principal payments on notes payable - shareholder                 15,000                   -            (125,000)

     Principal payments on notes payable - affiliate                        -             (65,000)            (80,000)

                                                                 -------------   ------------------  ------------------
           Net cash provided by financing activities                  413,000             764,786           3,899,119




 Net increase (decrease) in cash and cash equivalents                (40,396)               3,557             11,799


 Cash and cash equivalents, beginning of period                        52,195               2,915                  -
                                                                 -------------   ------------------  ------------------


 Cash and cash equivalents, end of period                        $     11,799    $          6,472   $         11,799
                                                                 =============   ==================  ==================
</TABLE>


         The accompanying notes are an integral part of these unaudited
                  consolidated condensed financial statements


                                       7
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS


--------------------------------------------------------------------------------

Note 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated condensed 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. They do not include all of the information and footnotes
required by accounting principles generally accepted in the United States of
America for complete financial statements. In the opinion of management, all
adjustments, consisting only of normal recurring adjustments, considered
necessary for a fair presentation, have been included in the accompanying
unaudited consolidated financial statements. Operating results for the periods
presented are not necessarily indicative of the results that may be expected for
the full year.

These unaudited consolidated financial statements should be read in conjunction
with the consolidated financial statements and footnotes, which are included as
part of consolidated financial statements as of March 31, 2005 included in the
Company's Form 10KSB.

Note 2 - ACCOUNTING POLICY FOR REVENUE RECOGNITION

Revenue is recognized in accordance with Staff Accounting Bulletin No. 104 (SAB
104) when persuasive evidence of an arrangement exists, the price to the buyer
is fixed or determinable; delivery has occurred or services have been rendered
or the license period has begun; and collect ability is reasonably assured.

Revenue from the distribution of recordings under license and distribution
agreements is recognized as earned under the criteria established by Statement
of Financial Accounting Standard No 50. Revenue is generally recognized when the
Company receives an "accounting" of recordings sold with payment from the
licensee. In the event the Company has not received an "accounting" from the
licensee and if the Company has information related to the licensed use of
recordings that would result in the revenue being fixed and determinable, and
collection is reasonably assured, then revenue is recognized in the periods in
which the license revenue is earned. Minimum guarantees (advances) received from
licensees are recorded as deferred revenue and are amortized over the
performance period, which is generally the period covered by the agreement.

Note 3 - NOTES PAYABLE

Shareholder

During the quarter ended June 30, 2005, Jeffrey D. Martin, a major stockholder
loaned the Company $219,000. The note is payable on demand and bears interest at
the rate of 8% per annum. Interest on this note begins to accrue on July 1,
2005.

During the quarter ended September 30, 2005, Jeffrey Martin loaned the Company
$264,000. The note is payable on demand and bears interest at 8% per annum. The
note is secured by assets of the Company and interest on the note begins to
accrue on October 1, 2005.

Affiliates

During the quarter ended June 30, 2005, the Company borrowed $15,000 from Am-Pac
Investments. The note is payable on demand and bears interest at a rate of 8%
per annum. Interest on this note begins to accrue on July 1, 2005. Am-Pac
Investments is 100% owned by Jeffrey D. Martin, a major shareholder of the
company.


                                       8
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS


--------------------------------------------------------------------------------

Note 4 - GOING CONCERN

The accompanying consolidated condensed 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 $834,860 for the six months ended September 30, 2005. The
Company had an accumulated deficit of $4,563,993 at September 30, 2005. 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 a major
shareholder and an affiliate in order to fund the current and planned operating
levels. The 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 continue receiving investment capital
from a shareholder and an affiliate and obtaining loans to complete promotion of
the Company's artists, continue production of music and achieve a level of
success that will enable it to sustain its operations. No assurance can be given
that the Company will be successful in these efforts.

Note 5 - BUSINESS MANAGEMENT AGREEMENT

On June 14, 2005, the Company entered into a business management agreement with
Mr. Andy Lai for services performed in certain countries in Asia and shall
continue in perpetuity until written notice of termination is given by either
party. Mr. Lai shall act as Business Manager and services shall include contract
negotiations, securing recordings distribution, arranging live performances and
tours, securing of sponsorships, as well as other business activities that are
necessary for the advancement of the artists that are represented by the
Company. The Company agrees to compensate Mr. Lai ten percent (10%) of the net
revenues collected as a direct result of his negotiations in Asia and should the
Company through its own resources enter into a recording or distribution
agreement with a major company and the agreement includes certain countries in
Asia, Mr. Lai shall be compensated five percent (5%) of the net revenues
resulting from said agreement. The Company has not recorded any transactions
related to this agreement.

Note 6 - DISTRIBUTION AGREEMENT

During April 2005, the Company entered into a 5.5 year Distribution and Service
Agreement with Cheyenne Records GMbH (Cheyenne). The agreement grants Cheyenne
certain exclusive rights to distribute and sell recordings of the artist "Pat
Moe" in Germany, Switzerland and Austria. Cheyenne shall receive a distribution
and service fee of 30% to 36% of all net receipts (gross receipts less Value
Added Tax of approximately 16%). In addition, Cheyenne will perform certain
services including booking commercial concerts and concert tours, securing
personal appearances of "Pat Moe", securing advertising, endorsements, and
related activities of "Pat Moe" and music publishing /sub publishing throughout
the territory. In consideration for these services, except music publishing/sub
publishing, Cheyenne shall receive 15-30% of all net receipts. The
Company/Cheyenne shall split music publishing revenues on a 75%/25% basis. The
Company has not recorded any revenue related to this agreement.

Note 7 - LICENSE AGREEMENT

On September 6, 2005, the Company entered into a 5.5 year license agreement with
Planet Records Italy (Planet). The license agreement grants Planet the exclusive
rights for an Album (TBA Title) by "3rd Wish" in Italy. Under the license
agreement the Company is to receive a royalty rate of 20% of net sales. The
Company grant Planet a digital download distribution license agreement that will
include all digital and wireless platforms on a non-exclusive basis in Italy
only and will be split on a 60/40 basis.


                                       9
<PAGE>


Note 8 -SUBSEQUENT EVENTS

On October 28, 2005, the Company entered into a Music Publishing Agreement, a
Personal Management Agreement, and an Exclusive Artist Recording Agreement with
Willie Bivins Jr, an artist also known as "Willie Will".



                                       10
<PAGE>


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

Plan of Operation

The Company plans to continue operations by developing current acts into
successful music performing and recording acts. The Company currently is
actively promoting two acts, "3rd Wish" and "Pat Moe". These two acts will tour,
perform, make public appearances, and continue to record as opportunities are
located. The Company is uncertain as to when these acts may enter the U.S.
market. As of September 30 2005, neither of the Company's acts have received
gold records for album sales.

The countries in which the Company is currently promoting its acts are as
follows:


Pat Moe                                    3rd Wish
--------                                    ----------


Germany, Switzerland, Austria     Germany, Switzerland and Austria
UK, Eire, Australia,              New Zealand, France
                                  Andorra, Monaco, Belgium, Russia, Azerbaijan,
                                  Armenia, Georgia, Moldova
                                  Kazakstan, Krygyzstan, Tajikistan, Uzbekistan,
                                  Turkmenistan,
                                  Ukraine, Republic of Belarus, Lithuania,
                                  Latvia, Estonia,
                                  Israel, Portugal
                                  Italy


The Company's cash balance is insufficient to satisfy the Company's cash
requirements for the next 12 months. The Company believes it can satisfy it's
cash requirements for 6 months with current cash and additional debt from a
major shareholder. The Company is dependent on continued receipt of revenues and
will need outside funding from the sale of shares or debt financing in order to
continue operations beyond that.

The Company does not anticipate acquiring any significant equipment during the
next twelve months.

The Company does not anticipate any significant changes in the number of
employees in the next twelve months. The Company has two full time employees.

The Company has entered into various license agreements that grant certain
exclusive rights to sell and distribute certain recordings by "3rd Wish".
Approximately 95% of the Company's revenue for the years ended March 31, 2005
came from the Cheyenne Records agreement. The remaining contracts represent,
individually, less than 1% of revenue. The table below sets forth the parties,
material terms, and territories covered by these license agreements:

Party(Licensee)                                 Territories

Cheyenne Records                                Germany, Switzerland and Austria

Our agreement with Cheyenne Records provide that Cheyenne will market and sell
3rd Wish's recordings for a period of 5 years beginning in March 2004. Cheyenne
will retain approximately 25% to 45% of revenue from distribution and sales and
the Company will pay the costs of production. The term of the contract is 5.5
years from May 2004.

Three 8 Music Limited                                UK, Eire

Our agreement with Three 8 provides that they will receive royalties from 3rd
Wish's first three singles released. Royalties are 19% on record sales and 50%
on third party licensing. The term of the contract is 15 years from October
2004.

Shock Records Pty Ltd                              Australia, New Zealand

Our agreement with Shock Records provides for royalties of 18-22% on album sales
and 50% to Shock for third party licensing. The term of the contract is
approximately 5 years from January 2005.

NRJ Music                                      France, Andorra, Monaco, Belgium

Our agreement with NRJ provides for royalties of 13-22% for record sales. The
Company will bear the costs of production, the term is 5 years from January
2005.

                                       11
<PAGE>


Megaliner Records                      Russia,  Azerbaijan,  Armenia, Georgia,
                                       Moldova,  Kazakstan,  Kyrgyzstan,
                                       Tajikistan, Uzbekistan, Turkmenistan,
                                       Ukraine, Republic of Belarus, Lithuania,
                                       Latvia, Estonia

Our agreement with Megaliner provides Megaliner with 20% of income from record
sales and 60% of third party licensing and broadcasting revenue. The term is
three years.

NMC Music Ltd.                                       Israel

The Company will receive royalties of approximately 18% of all record net sales.
The contract expires in December 2009.

Vidisco                                              Portugal

The Company will receive a royalty of approximately 18% of all record net sales.
The contract expires in January of 2010.

Planet Records                                       Italy

The Company will receive royalty of approximately 20% of all record net sales.
The contract term is 5.5 years.

Revenue is recognized in accordance with Staff Accounting Bulleting No. 104 (SAB
104) when persuasive evidence of an arrangement exists, the price to the buyer
is fixed or determinable; delivery had occurred or services have been rendered
or the license period has begun; and collect ability is reasonably assured.

Revenue from the distribution of recordings under license and distribution
agreements is recognized as earned under the criteria established by Statement
of Financial Accounting Standard No. 50. Revenue is generally recognized when
the Company receives an "accounting" of recordings sold with payment from the
licensee. In the event the Company has not received an "accounting" from the
licensee and if the Company has information related to the licensed use of
recordings that would result in the revenue being fixed and determinable, and
collection is reasonably assured, then revenue is recognized in the periods in
which the license revenue is earned. Minimum guarantees (advances) received from
licensees are recorded as deferred revenue and are amortized over the
performance period, which is generally the period covered by the agreement.

Results of Operations for the Six Months Ended September 30, 2005 as Compared to
the Six Months Ended September 30, 2004.

Revenues - The Company recorded revenue of $24,397 for the six months ended
September 30, 2005. The revenue for the period consists of earnings from
licensing agreements to distribute "3rd Wish's" music of $23,415 and live
performances of $982. There was no revenue during the six months ended September
30, 2004.

Operating Expenses - Operating expenses for the six months ended September 30,
2005 were $564,505, a decrease of $19,656 or 3% from $584,161 for the
corresponding period of September 30, 2004. The decrease is primarily due to a
decrease in overall music and production costs of approximately $120,000,
decrease in advertising of $61,404, which were offset by tour expenses of
$41,777 that were not incurred for the six months ended September 30, 2004 and
an overall increase in travel and support for Artists in Germany of
approximately $115,000.

General and Administrative Expenses - General and administrative expense
increased by $36,950 or 20% to $217,660 for the six months ended September 30,
2005. This increase is primarily attributable to an increase of $13,233 in
professional fees, and increase of $11,591 in payroll expense, and increase of
$7,887 in insurance expense and an overall increase in other general and
administrative expense of $4,239.

Interest Expense - Interest expense increased by $50,152 or 186% to $77,092 for
the six months ended September 30, 2005 from $26,940 for the corresponding
period of the prior year. This increase is attributable to having additional
debt outstanding during the six months ended September 30 2005.

Results of Operations for the Three Months Ended  September 30, 2005 as Compared
to the Three Months Ended September 30, 2004

Revenues - The Company recorded revenue of $1,637 for the three months ended
September 30, 2005. The revenue for this period consists of earnings from
licensing agreements to distribute 3rd Wish's music and live performances. There
was no revenue during the three months ended September 30, 2004.

Operating expenses - Operating expenses for the three months ended September 30,
2005 were $ 201,682, a decrease of $ 144,307 or 42% from the $345,989 for the
corresponding period ended September 30, 2004. The decrease is primarily due to
a $76,085 decrease in advertising and promotion expenses, a $20,518 decrease in
travel expense, a $93,874 decrease in video shoot expense, a $7,828 decrease in
support for artist in Germany, which were offset by a $34,165 increase in show
expense and a $14,348 increase in web design and maintenance.

General and Administrative Expenses - General and administrative expenses
increased by $24,333 or 28% to $111,493 for the three months ended September 30,
2005 from $87,160 for the corresponding period ended September 30, 2004. This
increase is primarily attributable to an increase of $5,755 in professional
fees, an increase of $8,977 in payroll expense, an increase of $4,912 in
insurance expense and an overall increase in other general and administrative
expenses of $4,689.

Interest Expense - Interest expense increased by $24,635 or 154% to $40,585 for
the three months ended September 30, 2005 from $15,950 for the corresponding
period of the prior year. This increase is attributable to having additional
debt outstanding during the three months ended September 30, 2005.


                                       13
<PAGE>

Liquidity and Capital Resources

As of September 30, 2005, the Company had cash of $11,799 and a deficit in
working capital of $2,688,978. This compares with cash of $52,195 and a deficit
in working capital of $1,855,073 as of March 31, 2005.


Cash used in operations decreased by $297,256 to $452,532 for the six months
ended September 30, 2005 from $749,788 for the corresponding period of the prior
year. The decrease is principally attributable to an increase in the net loss of
$43,049, expenses paid by shareholder of $35,000, decrease in accounts
receivable of $114,257, decrease in prepaid expense of $8,908, increase in
accounts payable and accrued liabilities of $177,555, an increase in interest
payable to affiliates of $54,309 and a decrease in deferred revenue of $9,520.

Cash used by investing activities for the six months ended September 30, 2005
was $864 for the purchase of computer equipment. For the six months ended
September 30, 2004 the Company used $11,441 for the purchase of equipment.

Cash provided by financing activities for the six months ended September 30,
2005 was $413,000 from the issuance of promissory notes. This compares with
$764,786 of cash being provided from financing activities during the six months
ended September 30, 2004, $301,928 from the issuance of common stock and the
remainder from promissory notes.

Historically, the Company has been funded by the sale of its shares and loans
from its Shareholders. However, the Company's continuation as a going concern is
dependent upon its ability to continue receiving investment capital and
obtaining loans to complete promotion of the Company's artists, continue
production of music and achieve a level of success that will enable it to
sustain its operations. No assurance can be given that the Company will be
successful in these efforts.

                                       14
<PAGE>


ITEM 3. CONTROLS AND PROCEDURES

As of the end of the period covered by this report, we have evaluated the
effectiveness of the design and operation of our disclosure controls and
procedures under the supervision of and with the participation of our Chief
Executive Officer ("CEO") and our Chief Financial Officer ("CFO"). Based on this
evaluation, our management, including our CFO and CEO, concluded that our
disclosure controls and procedures were effective, and that there have been no
significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the evaluation.


PART II - OTHER INFORMATION




ITEM 1.  LEGAL PROCEDINGS

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



                                       15
<PAGE>



------   -----------
31.1**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
31.2**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**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**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

*     Previously filed
**    To be filed




                                       16
<PAGE>


                                   SIGNATURES

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 CORPORATION


Date: November 14, 2005                   By: /s/ Charles Camorata
                                            ----------------------------
                                             Charles Camorata
                                             Principal Executive Officer

Date: November 14, 2005                   By: /s/ Karen Pollino
                                            ----------------------------
                                             Karen Pollino
                                             Chief Financial Officer



                                       17
<PAGE>


Exhibit31.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Charles Camorata, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Skreem
     Entertainment Corporation

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):

a)   all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Dated: November 14, 2005

By: /s/ Charles Camorata
Charles Camorata
Chief Executive Officer


                                       18
<PAGE>


Exhibit31.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Karen Pollino, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Skreem
     Entertainment Corporation

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):

a)   all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.   The registrant's other certifying officers and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Dated: November 14, 2005

By: /s/ Karen Pollino
Karen Pollino
Chief Financial Officer


                                       19
<PAGE>

Exhibit 32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


--------------------------------------------------------------------------------


CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C.  SECTION 1350, AS
ADOPTED PURSUANT TO SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002

I, Charles Camorata, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Skreem Entertainment Corporation on Form 10-QSB for the quarterly
period ended June 30, 2005 fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934 and that information contained
in such Form 10-QSB fairly presents in all material respects the financial
condition and results of operations of Skreem Entertainment Corporation

By: /s/ Charles Camorata
Name: Charles Camorata
Title: Chief Executive Officer
November 14, 2005


                                       20
<PAGE>



Exhibit 32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

--------------------------------------------------------------------------------


CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C.  SECTION 1350, AS
ADOPTED PURSUANT TO SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002

I, Karen Pollino, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Skreem Entertainment Corporation on Form 10-QSB for the quarterly
period ended June 30, 2005 fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934 and that information contained
in such Form 10-QSB fairly presents in all material respects the financial
condition and results of operations of Skreem Entertainment Corporation

----------------------------
By: /s/ Karen Pollino
Name: Karen Pollino
Title: Chief Financial Officer
November 14, 2005


                                       21