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, 2006

                                       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 |_|

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


           Class                Shares Outstanding                 Date
 Common, $.001 par value            25,576,292                 October --, 2006

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





<PAGE>



                                            TABLE OF CONTENTS

                                    SKREEM ENTERTAINMENT CORPORATION




                                            Part I. Financial Information
<TABLE>
<S>                                                                                 <C>


Item 1.  Consolidated Financial Statements


         Unaudited Consolidated Balance Sheet - September 30, 2006                    3

         Unaudited Consolidated Statements of Operations for the six and three
         months ended September 30, 2006 and 2005 and for the period from
         inception, August 19, 1999, to September 30, 2006                            4

         Unaudited Consolidated Statement of Changes in Shareholders' Deficit
         for the period from inception, August 19, 1999, to September 30, 2006        6

         Unaudited Consolidated Statements of Cash Flows for the six months ended
         September 30, 2006 and 2005 and for the period from inception, August 19,
         1999, to September 30, 2006                                                  7

         Notes to the Unaudited Consolidated Financial Statements                     8


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


Item 3.  Controls and Procedures                                                     13

                           Part II. Other Information


Item 1.   Legal Proceedings                                                          14


Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds                14


Item 3.   Defaults Upon Senior Securities                                            14


Item 4.   Submission of Matters to a Vote of Security Holders                        14


Item 5.   Other Information                                                          14


Item 6.   Exhibits                                                                   14

          Signatures                                                                 15

          Certifications                                                             16

</TABLE>

                                       2
<PAGE>



SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED BALANCE SHEET
September 30, 2006


                                     ASSETS


Current assets:
     Cash and Cash equivalents                               $       6,008
     Interest receivable                                             1,093
                                                             -----------------
       Total current assets                                          7,101

Note receivable                                                    100,000
Property and equipment, net                                          6,966
Debt issuance costs                                                  5,000
                                                               ---------------
       Total assets                                          $     119,067
                                                               ===============

                      LIABILITIES AND SHAREHOLDERS' DEFICIT

 Current liabilities:
     Accounts payable and accrued liabilities                $    215,038
     Related party payable                                          9,254
     Deferred revenue                                              27,212
     Notes payable - shareholder                                  154,519
                                                               ---------------
       Total current liabilities                                  406,023
                                                               ---------------

 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; 25,576,292 shares issued and
       outstanding                                                25,576
     Additional paid - in capital                              5,863,471
     Losses accumulated in the development stage              (6,176,003)
                                                               ---------------
       Total shareholders' deficit                             (286,956)
                                                               ---------------
         Total liabilities and shareholders' deficit        $    119,067
                                                               ===============



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


                                       3
<PAGE>

SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Six Months Ended September 30, 2006 and 2005 and for the Period From
Inception, August 19, 1999, to September 30, 2006

<TABLE>

                                               Six Months Ended            Inception to
                                        ------------------------------  -----------------
                                         September 30,   September 30,     September 30,
                                             2006            2005              2006
                                        ---------------  -------------  -----------------
<S>                                       <C>             <C>               <C>

 Revenue                                $    31,447       $   24,397      $    220,172
 Revenue - related party                    126,100                -           126,100
                                        ---------------   ------------   ----------------
     Total Revenue                          157,547           24,397           346,272

 Expenses
     Operating                             (921,152)        (564,505)       (4,246,514)
     General and administrative            (257,975)        (217,660)       (1,614,394)
     Impairment of loan receivable                -                -          (130,000)
                                        --------------   -------------   ----------------
       Total expenses                    (1,179,127)        (782,165)       (5,990,908)
                                        --------------   -------------   ----------------
       Loss from operations              (1,021,580)        (757,768)       (5,644,636)

 Interest expense                           (48,760)         (77,092)         (531,367)
                                        --------------   -------------    ---------------
         Net loss                      $ (1,070,340)    $   (834,860)     $ (6,176,003)
                                        ==============   =============    ===============
 Weighted Average Shares Outstanding -
     basic and diluted                   24,726,300       23,107,856
                                        ==============   ============
 Loss Per Share -
     basic and diluted                 $      (0.04)    $      (0.04)
                                        ==============   ============

</TABLE>



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



                                       4
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended
September 30, 2006 and 2005


                                                Three Months Ended
                                          ---------------------------------
                                           September 30,      September 30,
                                               2006                2005
                                          -------------       -------------
 Revenue                                 $      1,753          $    1,637
 Revenue - related party                       89,100                   -
                                          -------------       -------------
     Total Revenue                             90,853               1,637

 Expenses
     Operating                               (598,047)           (201,682)
     General and administrative              (108,624)           (111,493)
     Impairment of loan receivable                  -                   -
                                          -------------       -------------
       Total expenses                        (706,671)           (313,175)
                                          -------------       -------------
       Loss from operations                  (615,818)           (311,538)

 Interest expense                             (20,985)            (40,585)
                                          -------------       -------------
         Net loss                         $  (636,803)        $  (352,123)
                                          =============       =============
 Weighted Average Shares Outstanding -
     basic and diluted                     24,838,907          23,107,856
                                          =============       =============
 Loss Per Share -
     basic and diluted                    $     (0.03)       $      (0.02)
                                          =============       =============



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


                                       5
<PAGE>


SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' DEFICIT For the
period from inception, August 19, 1999, to September 30, 2006

<TABLE>

                                        Common Stock            Additional     During the        Losses
                                   -------------------------    Paid-In        Development      Accumulated
                                    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)
Proceeds from issuance
  of common stock                   276,400             276     276,124               -           276,400
Stock issued for accounts
    payable                          50,000              50      49,950               -            50,000
Stock issued for conversion
    of debt                       1,050,000           1,050   1,048,950               -         1,050,000
Net loss                                  -               -           -      (1,376,529)       (1,376,529)
                                 ------------  -------------- ------------   -------------    -------------
Balance at March 31, 2006        24,484,256          24,484   3,235,847      (5,105,662)       (1,845,331)
Proceeds from issuance
  of common stock                    24,694              25      24,670               -            24,695
Stock issued for services           250,000             250     249,750               -           250,000
Net loss                                  -               -           -        (433,538)         (433,538)
                                 ------------  -------------- ------------   -------------    -------------
Balance at June 30, 2006         24,758,950          24,759   3,510,267      (5,539,200)       (2,004,174)
Stock issued for conversion
    of debt                         817,342             817   1,838,204               -         1,839,021
Expense paid by shareholder               -               -     515,000               -           515,000
Net loss                                  -               -           -        (636,803)         (636,803)
                                 ------------   ------------- ------------   -------------    -------------
Balance at September 30, 2006    25,576,292      $   25,576  $5,863,471     $(6,176,003)       $ (286,956)
                                 ============   ============= ============   =============    =============


</TABLE>


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

                                       6
<PAGE>




SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended September 30, 2006 and 2005 and for the Period From
Inception, August 19, 1999, to September 30, 2006

<TABLE>

                                                                        Six months Ended
                                                                 ------------------------------       Inception to
                                                                 September 30,     September 30,      September 30,
                                                                     2006              2005               2006
                                                                 ------------     ---------------    --------------
<S>                                                             <C>                <C>                <C>

 Cash Flows from Operating Activities:
     Net loss                                                   $(1,070,340)       $   (834,860)     $  (6,176,003)
     Adjustments to reconcile net loss to net cash
       used by operating activities:
       Depreciation expense                                           2,094               1,819             46,678
       Impairment of loan receivable                                      -                   -            130,000
       Accrued interest converted to equity                          33,439                   -            459,035
       Expenses paid by shareholder and affiliate                   515,000              35,000            636,796
       Stock issued for services                                    250,000                   -            250,000
       Changes in operating assets and liabilities:
         Increase in interests receivable                            (1,093)                  -             (1,093)
         Decrease in accounts receivable                                  -             114,257                  -
         Decrease in prepaid expenses and deposits                        -               8,908                  -
         Increase in accounts payable and
           accrued liabilities                                       41,629             177,555            274,294
         (Decrease) increase in interest payable to affiliates            -              54,309                  -

Increase (decrease) in deferred revenue                               2,712              (9,520)            27,212
                                                                 -----------         -----------         ----------
           Net cash used in operating activities                   (226,559)           (452,532)        (4,353,081)
                                                                 -----------         -----------         ----------
 Cash Flows from Investing Activities
     Payments for purchase of property and equipment                 (2,030)               (864)           (53,644)
     Loan receivable                                               (100,000)                  -           (230,000)
                                                                 -----------         -----------         ----------
           Net cash used in investing activities                   (102,030)               (864)          (283,644)
                                                                 -----------         -----------         ----------
 Cash Flows from Financing Activities
     Proceeds from issuance of common stock                          24,695                   -            603,023
     Proceeds from notes payable - other                                  -                   -            385,000
     Proceeds from notes payable - shareholder                      191,700             448,000          1,714,700
     Proceeds from notes payable - affiliate                         63,000                   -          2,502,191
     Principal payments on notes payable - affiliate                      -             (50,000)          (140,000)
     Principal payments on notes payable - other                          -              15,000           (335,000)
     Principal payments on notes payable - shareholder               (2,181)                  -            (82,181)
     Debt issuance costs                                             (5,000)                  -             (5,000)
                                                                 ------------        -----------          ---------
           Net cash provided by financing activities                272,214             413,000          4,642,733
                                                                 ------------        -----------          ---------
 Net increase (decrease) in cash and cash equivalents               (56,375)            (40,396)             6,008
 Cash and cash equivalents, beginning of period                      62,383              52,195                  -
                                                                 ------------        -----------          ---------
 Cash and cash equivalents, end of period                       $     6,008         $    11,799          $   6,008
                                                                 ============        ===========          =========

</TABLE>



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


                                       7
<PAGE>

SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED CONSOLIDATED 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, 2006 included in
Skreem's Form 10KSB.

Note 2 - ACCOUNTING POLICY FOR REVENUE RECOGNITION

Revenue is recognized 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
Skreem receives an "accounting" of recordings sold with payment from the
licensee. In the event Skreem has not received an "accounting" from the licensee
and if Skreem 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 - RELATED PARTIES

Shareholder

During the quarter ended June 30, 2006, Jeffrey D. Martin, a major stockholder
loaned Skreem $30,000 with two promissory notes of $20,000 and $10,000. The
notes are payable on demand and bear interest at the rate of 8% and 17.49%,
respectively.
Interest on the notes begins to accrue on July 1, 2006. The notes are secured by
the assets of Skreem.

During the quarter ended September 30, 2006, Jeffrey D. Martin, a major
stockholder loaned Skreem $146,700 with two promissory notes. The notes are
payable on demand. The $126,700 note bears interest at the rate of 8% and
interest on this note begins to accrue on October 1, 2006. The $20,000 note
bears interest at approximately 17.49% per annum. The notes are secured by the
assets of Skreem.

On August 31, 2006, notes payable to Jeffrey Martin totaling $591,770 and
related interest payable of $79,164 were converted to 298,193 shares of common
stock at $2.25 per share. Due to the related party mature of the transaction, no
gain was recorded for the difference between the conversion price and the market
price at the date of conversion.

Affiliates

During the quarter  needed June 30, 2006,  Skreem  borrowed  $40,000 from Martin
Consultants,  Inc. 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, 2006.  Martin
Consultants, Inc. is 100% owned by Jeffery D. Martin.

On August 31, 2006, notes payable to affiliates (Martin Consultants, Inc., JT
Investments, and AM-PAC Investments) totaling $996,620 and related interest
payable of $171,466 were converted to 519,149 shares of common stock at $2.25
per share. Due to the related party nature of the transaction, no gain was
recorded for the difference between the conversion price and the market price at
the date of conversion.

                                       8
<PAGE>


Note 4 - GOING CONCERN

The accompanying consolidated 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. Skreem sustained losses of $
1,070,340 for the six-months ended September 30, 2006. Skreem had an accumulated
deficit of $6,176,003 at September 30, 2006. These factors raise substantial
doubt about the ability of Skreem to continue as a going concern for a
reasonable period of time. Skreem 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 Skreem be unable to continue as a
going concern. Skreem'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 Skreem'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 Skreem will be
successful in these efforts.

Note 5 - PRODUCTION AGREEMENT

On June 13, 2006, Skreem entered into an agreement with 1171 Productions (1171)
for the purpose of creating interest in and securing meeting opportunities of
the "Star Maker" reality series. Skreem shall pay a commission of 5% of the net
profits of the "Star Maker" series worldwide. In addition, Skreem agrees to use
1171 in the production of the series. Skreem has not recorded any transactions
related to this agreement.

Note 6 - LICENSE AGREEMENT

During the quarter ended June 30, 2006, Skreem hired Zero Degrees  Entertainment
(Zero) under a 5-year  agreement which grants Zero certain  exclusive  rights to
distribute and sell recordings of the artist "3rd Wish" in France.  Skreem shall
receive  royalties  of 17% to 20%  calculated  on 100% net sales.  In  addition,
Skreem may earn third party and other income as defined in the agreement. Skreem
has not recorded any transactions related to this agreement.

Note 7 - ADVERTISING AND PROMOTIONAL SERVICE AGREEMENT

On May 24, 2006, Skreem hired Hobson, Bowerstock, & Associates, LLC (HLB) under
a one-year agreement to prepare and implement a promotional campaign in exchange
for 1,000,000 shares of common stock. During the quarter ended June 30, 2006,
Skreem issued 250,000 shares and recorded advertising expense of $250,000 in
accordance with EITF 96-18. During the quarter ended September 30, 2006,
Skreem's shareholder paid the shares directly and Skreem recorded advertising
expense with an offset to paid-in capital of $515,000 in accordance with EITF
96-18 and SAB 107 Topic 5.T.

Note 8 - RELATED PARTY REVENUE

During the quarter ended June 30, 2006, there were unsold recordings returned to
Skreem by Cheyenne Records. Am-Pac Investment purchased these remaining
recordings and Skreem recorded this sale as related party revenue during the
quarters ended June 30, 2006 and September 30, 2006. Am-Pac is owned by Jeffery
Martin.

Note 9 -STRATEGIC RESEARCH & ANALYSIS AGREEMENT

On July 1, 2006, Skreem hired Sterling LLC under a 2-year agreement to do
research, market review and strategic analysis and to provide review and
planning services in exchange for 3,000 shares per month for year one and 5,000
shares per month for year two, and additional incentives as described in the
agreement. In accordance with EITF 96-18, Skreem recorded total expense of
$17,550 for the quarter ended September 30, 2006.


                                       9
<PAGE>


Note 10 - DISTRIBUTION AGREEMENT

On July 7, 2006, Skreem hired MD Lavert & Associates dba Nothing Else Works
(NEW) which grants NEW exclusive rights to distribute designated albums for
Skreem in the U.S. and Canada. NEW shall retain a retail marketing and
distributing fee of 25% per artist of Skreem's whole sale price from sales of
albums. Skreem has not recorded any transactions related to this agreement.

Note 11 - NOTE RECEIVABLE

On September 12, 2006, Skreem agreed to loan $500,000 to
Weaver Interactive, Inc. Skreem advanced $100,000 immediately and promised
another $400,000 within five(5) days of Skreem's receipt of a US GAAP audit of
Weaver. The note bears interest at 21% and shall be payable at the maturity date
of September 12, 2008. As of November 9, 2006, no audit of Weaver has been
received.

Note 12 - SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

During the six months ended September 30, 2006 and 2005, approximately $15,000
and $22,000 was paid for interest, respectively. No cash was paid for income
taxes during these periods.

During the six months ended September 30, 2006, Skreem issued 817,342 shares of
common stock for the conversion of related party debt of $1,839,021 to equity.



                                       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 has been actively
promoting three acts, "3rd Wish", "Pat Moe" and "Willie Will". These three 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, 2006, none of the Company's acts has
received gold records for album sales.

The countries in which the Company has been 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

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 receivables. 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 18% of the Company's revenue for the quarter ended September 30,
2006 came from the Cheyenne Records agreement. During the quarter ended
September 30, 2006, there were unsold recordings returned to the Company by
Cheyenne Records. A related party purchased these remaining recordings which
represent approximately 80% of the total revenue. 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

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

Vidisco                                     Portugal

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

Zero Degrees                                France

Zero will receive a royalty of approximately 17-20% of record sales. The
contract Expires in 2011.

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, 2006
as Compared to the Six Months Ended September 30, 2005

Revenues - The Company recorded revenue of $157,547 and $24,397 for the six
months ended September 30, 2006 and September 30, 2005, respectively. The
revenue for the six months ended September 30, 2006 consists of earnings of
$31,447 from Licensing agreements to distribute 3rd Wish's music and sales of
recordings to a related party of $126,100. Revenue for the six months ended
September 30, 2005 consists of earnings from licensing agreements to distribute
"3rd Wish" consists of $23,415 and live performances of $982.

Operating expenses - Operating expenses for the six months ended September 30,
2006 were $921,152, an increase of $356,647 or 63% from $564,505 for the
corresponding period ended September 30, 2005. The increase is primarily due to
the significant increase in advertising expense of $768,238 offset by a net
decrease in touring, travel, promotion and support for artist of approximately
$412,000.

General and Administrative Expenses - General and administrative expenses
increased by $40,315 or 19% to $257,975 for the six months ended September 30,
2006 from $217,660 for the corresponding period ended September 30, 2005. This
increase is primarily attributable to an increase in salaries, delivery expense,
and other general and administrative expenses offset by a decrease in
professional fees and miscellaneous expenses.

Interest Expense - Interest expense decreased by $28,332 or 36.75% to $48,760
for the six months ended September 30, 2006 from $77,092 for the corresponding
period of the prior year. This decrease is attributable to having less debt
outstanding during the six months ended September 30, 2006 and the Company's
major shareholder and his affiliate converted a substantial amount of loans to
equity.

Results of Operations for the Three Months Ended September 30, 2006
as Compared to the Three Months Ended September 30, 2005


                                       12
<PAGE>

Revenues - The Company recorded revenue of $90,853 and $1,637 for the three
months ended September 30, 2006 and September 30, 2005, respectively. The
revenue for the three months ended September 30, 2006 consists of earnings from
Licensing agreements to distribute 3rd Wish's music of $1,753 and sales of
recordings to a related party of $89,100.

Operating expenses - Operating expenses for the three months ended September 30,
2006 were $598,047, an increase of $396,365 or 197% from $201,682 for the
corresponding period ended September 30, 2005. The increase is primarily due to
the significant increase in advertising expense of $516,812 offset by a net
decrease in touring, travel, promotion, and support for artists of approximately
$315,000.

General and Administrative Expenses - General and administrative expenses
decreased by $2,869 or 3% to $108,624 for the three months ended September 30,
2006 from $111,493 for the corresponding period ended September 30, 2005. This
decrease is attributable to a decrease in overall general and administrative
expenses.

Interest Expense - Interest expense decreased by $19,600 or 48.3% to $20,985 for
the three months ended September 30, 2006 from $40,585 for the corresponding
period of the prior year. This decrease is attributable to having less debt
outstanding during the three months ended September 30, 2006 and the Company's
major shareholder and his affiliate converted a substantial amount of loans to
equity.

Liquidity and Capital Resources

As of September 30, 2006, the Company had cash of $6,008 and a deficit in
working capital of $398,922. This compares with cash of $62,383 and a deficit in
working capital of $1,852,361 as of March 31, 2006.

Cash used in operations decreased by $225,973 to $226,559 for the six months
ended September 30, 2006 from $452,532 for the corresponding period of the prior
year. The decrease is attributable to a significant increase in non-cash
expenses of $763,714, offset by a decrease in changes in operating assets and
liabilities of $302,261 and an increase in net loss of $235,480.

Cash used in investing activities for the six months ended September 30, 2006
was $102,030, which is due to a loan to Weaver Interactive, Inc. of $100,000 and
the equipment purchases of $2,030.

Cash provided financing activities for the six months ended September 30, 2006
was $272,214, which is primarily from the issuance of promissory notes of
$254,700 and common stock of $24,695. This compares with $413,000 of cash being
provided from financing activities during the six months ended September 30,
2005, all from the issuance of 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.

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.


                                       13
<PAGE>


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

Number   Description
------   -----------
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



                                       14
<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, 2006               By: /s/ Charles Camorata
                                        ----------------------------
                                         Charles Camorata
                                         Principal Executive Officer

Date: November 14, 2006               By: /s/ Karen Pollino
                                        ----------------------------
                                         Karen Pollino
                                         Chief Financial Officer


                                       15
<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, 2006

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


                                       16
<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, 2006

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



                                       17
<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 September 30, 2006 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, 2006


                                       18
<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 September 30, 2006 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, 2006

                                       19