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 December 31, 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 is a shell company
                (as defined in Rule 12b-2 of the Exchange Act).
                                 Yes [ ] No [X ]


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             23,121,856                December 31, 2005


Transitional Small Business Disclosure Format Yes [ ] No [ X ]



<PAGE>




                                TABLE OF CONTENTS
                        SKREEM ENTERTAINMENT CORPORATION



--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>

                          Part I. Financial Information
                                                                                        Page
                                                                                     -----------
<S>                                                                                <C>

Item 1.      Consolidated Financial Statements

            Unaudited Consolidated Condensed Balance Sheet at December
                31, 2005                                                                 3

            Unaudited Consolidated Condensed Statements of Operations for
                the three months and nine months ended December 31, 2005
                and 2004 and for the period from inception, August 19, 1999,
                to December 31, 2005                                                     4

            Unaudited Consolidated Condensed Statement of Changes in
                Shareholders' Deficit for the period from inception, August 19,
                1999, to December 31, 2005                                               5

            Unaudited Consolidated Condensed Statements of Cash Flows
                for the nine months ended December 31, 2005 and 2004 and for
                the period from inception, August 19, 1999, to December 31, 2005         6

            Notes to the Unaudited Consolidated Condensed Financial Statements           7

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

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                                                                   16

            Certifications
</TABLE>





                                        2

SKREEM ENTERTAINMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEET
December 31, 2005

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

                                   ASSETS
 Current assets:

     Cash and Cash equivalents                                  $       22,940

     Prepaid expenses and deposits                                      26,708
                                                                ---------------
                                                                ---------------


         Total current assets                                           49,648


 Property and equipment, net                                             7,973
                                                                ---------------


            Total assets                                        $       57,621
                                                                ===============
                                                                ===============

                    LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities:

     Accounts payable and accrued liabilities                   $      252,402

     Related party payable                                               9,254

     Deferred revenue                                                   24,915

     Accrued interest - shareholder and affiliates                     177,776

     Notes payable - shareholder                                     1,556,770

     Notes payable - affiliates                                        933,620

     Notes payable - other                                              70,000
                                                                ---------------
                                                                ---------------


         Total current liabilities                                   3,024,737
                                                                ---------------
                                                                ---------------

Commitments and contingencies

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; 23,121,856 shares issued and

         outstanding                                                    23,122

     Additional paid - in capital                                    1,874,809

     Losses accumulated in the development stage                    (4,865,047 )
                                                                ---------------
                                                                ---------------


         Total shareholders' deficit                                (2,967,116 )
                                                                ---------------
                                                                ---------------


            Total liabilities and shareholders' deficit         $       57,621
                                                                ===============
                                                                ===============





        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 Three Months and Nine Months Ended December 31, 2005 and 2004 and for
the Period
From Inception, August 19, 1999, to December 31, 2005
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>


                                        Three Months Ended                   Nine Months Ended          Inception to
                                           December 31,                         December 31,            December 31,
                                -----------------------------------  --------------------------------
                                -----------------------------------  ----------------  --------------
                                      2005              2004              2005               2004           2005
                                -----------------  ----------------  ----------------  --------------  ------------
<S>                              <C>               <C>                  <C>               <C>            <C>


Revenue                         $      39,590   $        13,961   $        63,987    $        13,961   $     187,774
                                --------------  ----------------  ----------------   ----------------  -------------

Expenses:

     Operating                        229,434         348,217           793,939            942,706         3,204,802
     General and
     administrative                    66,634          54,071           284,294            224,031         1,283,114
     Impairment of loan

        receivable                          -               -                 -                  -           130,000
                                --------------  --------------  ----------------   ----------------  ----------------
                                --------------  --------------  ----------------   ----------------  ----------------


Total expenses                        296,068         402,288         1,078,233          1,166,737         4,617,916
                                --------------  --------------  ----------------   ----------------  ----------------

Loss from operations                 (256,478 )      (388,327 )      (1,014,246 )       (1,152,776 )      (4,430,142 )


Interest expense                       44,576          24,342           121,668             51,282           434,905
                                --------------  --------------  ----------------   ----------------  ----------------


Net loss                        $    (301,054 ) $    (412,669 ) $    (1,135,914 )  $    (1,204,058 ) $    (4,865,047 )
                                ==============  ==============  ================   ================  ================


Weighted Average Shares
     Outstanding - basic and

     diluted                          23,107,856      23,298,232        23,107,856         23,371,995
                                =================  ==============  ================   ================
                                =================  ==============  ================   ================

Loss Per Share -

     basic and diluted          $          (0.01 ) $       (0.02   $         (0.05 )  $         (0.05 )
                                =================  ==============  ================   ================
                                =================  ==============  ================   ================

</TABLE>


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

<PAGE>

                                        4
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 December 31, 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 )

Proceeds from issuance of

     common stock                      14,000                14            13,986                  -            14,000


Net loss                                    -                 -                 -         (1,135,914 )      (1,135,914 )
                                --------------  ----------------  ----------------   ----------------  ----------------


Balance at December 31, 2005       23,121,856   $        23,122   $     1,874,809    $    (4,865,047 ) $    (2,967,116 )
                                ==============  ================  ================   ================  ================
</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 STATEMENTS OF CASH FLOWS
For the Nine Months Ended December 31, 2005 and 2004 and for the Period
From Inception, August 19, 1999, to December 31, 2005
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>

                                                                             Nine Months Ended             Inception to
                                                                                December 31,               December 31,
                                                                     -----------------------------------
                                                                     -----------------------------------
                                                                          2005               2004              2005
                                                                     ----------------                     ----------------
                                                                     ----------------   ----------------  ----------------
<S>                                                                  <C>                <C>                <C>


Cash Flows from Operating Activities:

     Net loss                                                        $    (1,135,914 )  $    (1,204,058 ) $    (4,865,047 )
     Adjustments to reconcile net loss to net cash
        used by operating activities:

        Depreciation expense                                                   2,763              9,334            43,643

        Impairment of loan receivable                                              -                  -           130,000

        Accrued interest converted to equity                                       -                  -           208,405

        Expenses paid by shareholder and affiliate                            68,770                  -           121,796
        Changes in operating assets and liabilities:

            Decrease in accounts receivable                                  114,257                  -                 -

            Decrease (increase) in prepaid expenses and deposits               8,908                  -           (26,687

            Increase in accounts payable and accrued liabilities             188,355            122,482           275,655

            Increase in interest payable to affiliates                        92,883             41,820           177,756

            (Decrease) increase in deferred revenue                          (10,413 )           31,094            24,915
                                                                     ----------------   ----------------  ----------------
                                                                     ----------------   ----------------  ----------------


               Net cash used by operating activities                        (670,391 )         (999,328 )      (3,909,564 )
                                                                     ----------------   ----------------  ----------------
                                                                     ----------------   ----------------  ----------------

Cash Flows From Investing Activities

     Payments for purchase of property and equipment                            (864 )          (11,440 )         (51,615 )

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


               Net cash used by investing activities                            (864 )          (11,440 )        (181,615 )
                                                                     ----------------   ----------------  ----------------
                                                                     ----------------   ----------------  ----------------

Cash Flows From Financing Activities

     Proceeds from issuance of common stock                                   14,000            301,928           301,928

     Proceeds from notes payable - other                                      20,000            265,000           385,000

     Proceeds from notes payable - shareholder                               643,000            459,000         1,523,000

     Proceeds from notes payable - affiliate                                  15,000             75,000         2,439,191

     Principal payments on notes payable - other                             (50,000 )           (3,112 )        (315,000 )

     Principal payments on notes payable - shareholder                             -                  -          (140,000 )

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


               Net cash provided by financing activities                     642,000          1,032,816         4,114,119
                                                                     ----------------   ----------------  ----------------
                                                                     ----------------   ----------------  ----------------


Net increase (decrease) in cash and cash equivalents                         (29,255 )           22,048            22,940


Cash and cash equivalents, beginning of period                                52,195              2,914                 -
                                                                     ----------------   ----------------  ----------------


Cash and cash equivalents, end of period                             $        22,940    $        24,962   $        22,940
                                                                     ================   ================  ================

</TABLE>






        The accompanying notes are an integral part of these consolidated
                         condensed financial statements
                                        6
<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 collection 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 quarters  ended  December 31, 2003,  September  30, 2005 and June 30,
2005, Jeffrey D. Martin, a major stockholder of the Company,  loaned the Company
$228,700, $264,000 and $219,000, respectively. These notes are payable on demand
and bear  interest  at 8% per year.  Each note begins  accruing  interest on the
first day of the quarter after funding.

 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  year.  Interest  on this  note  began to  accrue  on July 1,  2005.  Am-Pac
Investments  is 100% owned by  Jeffrey D.  Martin,  a major  shareholder  of the
Company.

 Others

On December 6, 2005, the Company  borrowed  $20,000 from an unrelated party. The
note was  payable  on  demand  and  bore  interest  at a rate of 10% per  annum.
Interest on the note began to accrue on  December 7, 2005.  The note and accrued
interest were paid on January 6, 2006.




                                                               7
<PAGE>

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




 NOTE 4 - EQUITY

During the quarter ended  December 31, 2005, the Company issued 14,000 shares of
common stock for cash proceeds of $14,000.

 NOTE 5 - 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 $1,135,914 for the nine months ended December 31, 2005. The
Company had an  accumulated  deficit of $4,865,047  at December 31, 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 6 - 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 7 - 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 8 - LICENSE AGREEMENT

On September 6, 2005, the Company  entered into a five and one-half 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.

                                       8
<PAGE>


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




 Note 9 - ARTIST AGREEMENTS

 Exclusive Artist Recording Agreement

On October 28,  2005,  the Company  entered  into a long-term  Exclusive  Artist
Recording  Agreement  with  Willie  Bivins,  Jr. an Artist also known as "Willie
Will" (the Artist),  for the purpose of engaging the exclusive personal services
of the  Artists for making  master  sound  recordings  for  distribution  in any
medium.  The  territory  for the  agreements  shall  be  worldwide.  All  master
recordings made by the Artist during the term of the agreement shall be recorded
by the Artist on the Company's  behalf,  and all phonograph  records and related
performances shall be the entire property of the Company; the Company shall have
the right to secure sound recording copyright; and the Company and its licensees
shall have the sole and exclusive  right to use the  recordings  throughout  the
world or any part  thereof in any manner it sees fit.  The  Company  may pay all
specifically  approved  recording costs in connection with the master recordings
made  hereunder,  and all  recording  costs  shall be  deemed  fully  recoupable
advances to the Artist and shall be deducted from any and all royalties  payable
to the Artist by the Company under this or any and all royalties  payable to the
Artist by the  Company.  Any and all  monies  paid to or on behalf of the Artist
during the term of the agreement are recoverable, non-returnable advances unless
otherwise  expressly  agreed in writing between the Company and the Artist.  The
Company has the right, but not the obligation to have the Artist  participate in
the  creation  of music  videos  and 100% of any and all monies  expended  by or
advanced by the Company for the  production  of music  videos  shall  constitute
additional fully recoupable  advances  hereunder.  The Company shall own any and
all rights in and to said music videos in perpetuity.

In its sole discretion,  the Company may choose,  at any time during the term of
the agreements, to license master recordings made by the Artist to third parties
on a flat fee or royalty basis, or to enter into a distribution agreement with a
third party  distributor for the  distribution of phonograph  records  embodying
master  recordings  recorded by the Artist through normal retail channels in the
United  States and  worldwide.  With respect to master  recordings of the Artist
licensed to third parties on a flat-fee basis,  the Company shall pay the Artist
20% of the net amount  received by the Company under such license.  With respect
to master recordings of the Artist licensed to third parties on a royalty basis,
and with  respect  to  phonograph  recordings  released  through  a  distributor
selected by the Company,  the Company  shall pay the Artist the lesser of 20% of
the Company's net earned  royalty  receipts  under such license or  distribution
agreement,  or  20% of  the  basic  album  or  single  rate  as  defined  in the
agreements.  Further,  in  its  sole  discretion,  the  Company  may  choose  to
commercially  release  phonograph records through the Company's own distribution
network.  In such event, the Company agrees to pay the Artist royalties based on
the basic  album or singe  rate as  defined in the  agreements.  For  phonograph
recordings  that are  exported  or sold  outside  the United  States and through
record clubs or similar plans,  the Artist shall be paid a royalty of 20% of the
amounts  provided of the above mentioned  amounts.  In addition,  the Artist may
earn  royalties  related to  licenses  for  musical  compositions,  music  video
licenses and  merchandising.  There have been no royalties  earned by the Artist
related to the agreement.

Music Publishing Agreement

On October 28,  2005,  the Company  entered  into a long-term  Music  Publishing
Agreement  with an individual  Writer,  the Artist  "Willie  Will".  The Company
engaged the Writer to render the Writer's exclusive services as a songwriter and
composer  based  upon  terms  and  conditions  set  forth in the  agreement.  In
accordance  with the  agreement,  the Writer  grants  all rights to all  musical
compositions  written or owned by the Writer and all musical  compositions shall
be the  Company's  exclusive  property  as sole  owner.  The  Company  shall pay
royalties to the Writer based on various terms and  conditions  set forth in the
agreement.  There have been no  royalties  earned by the  Writer  related to the
agreement.





                                        9

<PAGE>

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




  Note 9 - ARTIST AGREEMENTS, continued

  Personal Management Agreement

On  October  28,  2005,  the  Company  had  entered  into a  long-term  Personal
Management  Agreement  with the Artist "Willie  Will".  The Company  accepts the
engagement  as the Artists' sole and exclusive  personal  management  company in
connection with all activities in the  entertainment  industries  throughout the
world, including but not limited to his service as a musician, in any medium now
known or hereafter devised.  For personal  management  services  performed,  the
Artist  agrees  to pay the  Company  20% of all  gross  compensation  earned  or
received as a result of activities in the entertainment  industry.  However, the
Company  shall not be  entitled  to  commissions  by the  Artist  from the sale,
license,  or grant of any literary or music rights to the Company or any person,
firm, or  corporation  owned or  controlled by the Company.  The Company has not
earned any commissions related to the agreement.


                                                                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 December 31, 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 year 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
recordings by 3rd Wish 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.







                                       11
<PAGE>


         Party(Licensee)                  Territories

         Three 8 Music Limited            UK, Eire

Our agreement  with Three 8 provides that they will receive  royalties  from the
first three singles 3rd Wish releases. 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.


         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 a 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.  12
Results of Operations for the Nine Months Ended December 31, 2005 as Compared to
the Nine Months Ended December 31, 2004.

Revenues - The  Company  recorded  revenue of $63,987  and  $13,961 for the nine
months  ended  December 31, 2005 and 2004,  respectively.  The revenue for these
periods  consists of earnings  from  licensing  agreements  to  distribute  "3rd
Wish's"  music of $63,005 and $13,233  and live  performances  of $982 and $728,
respectively.

Operating  Expenses - Operating  expenses for the nine months ended December 31,
2005  were  $793,939,  a  decrease  of  $148,767  or 16% from  $942,706  for the
corresponding  period of December 31, 2004.  The decrease is primarily  due to a
decrease in overall music  production and video costs of $277,279 and a decrease
in advertising of $115,484,  offset by increases in tour expenses of $41,777 (No
significant  tour expenses  were incurred in the nine months ended  December 31,
2004),  commission  expense of $68,201 and an increase in travel and support for
Artists in Germany of $124,813.

General  and  Administrative  Expenses  -  General  and  administrative  expense
increased by $60,263 or 27% to $284,294  for the nine months ended  December 31,
2005.  This  increase  is  primarily  attributable  to an increase of $23,942 in
professional  fees,  an increase of $21,261 in payroll  expense,  an increase of
$9,012 in  insurance  expense  and an  overall  increase  in other  general  and
administrative expense of $6,048.

Interest Expense - Interest expense increased by $70,386 or 137% to $121,668 for
the nine  months  ended  December  31, 2005 from  $51,282 for the  corresponding
period of the prior year.  This increase is  attributable  to having  additional
debt outstanding during the nine months ended December 31 2005.

Results of Operations  for the Three Months Ended  December 31, 2005 as Compared
to the Three Months Ended December 31, 2004


Revenues - The  Company  recorded  revenue of $39,590  and $13,961 for the three
months  ended  December  31,  2005 and 2004,  respectively.  The revenue for the
period ended  December  31, 2005 and 2004  consists of earnings  from  licensing
agreements to distribute 3rd Wish's music of $39,590 and $13,233,  respectively,
and $728 from live performances for the period ended December 31, 2004.

Operating  expenses - Operating expenses for the three months ended December 31,
2005 were  $229,434,  representing  a decrease of $ 118,783 or 34% from $348,217
for the corresponding  period ended December 31, 2004. The decrease is primarily
due to a $136,324  decrease in  advertising  and promotion  expenses,  a $25,850
decrease in travel expenses,  and $23,392 decrease in video shoot expense, which
were partially offset by a $15,255 increase in support for artist in Germany,  a
$34,036 increase in commission  expense, a $5,606 increase in show expense and a
$4,528 increase in web design and maintenance.

General  and  Administrative  Expenses  - General  and  administrative  expenses
increased by $12,563 or 23% to $66,634 for the three  months ended  December 31,
2005 from $54,071 for the  corresponding  period ended  December 31, 2004.  This
increase is  primarily  attributable  to an increase of $10,709 in  professional
fees,  an  increase  of $9,670 in  payroll  expense,  an  increase  of $1,125 in
insurance expense, a decrease of $4,560 in depreciation  expense, and an overall
decrease in other general and administrative expenses of $4,381.

Interest Expense - Interest  expense  increased by $20,234 or 83% to $44,576 for
the nine  months  ended  December  31, 2005 from  $24,342 for the  corresponding
period of the prior year.  This increase is  attributable  to having  additional
debt outstanding during the three months ended December 31, 2005.




                                                                       13
<PAGE>

         Liquidity and Capital Resources

As of  December  31,  2005,  the  Company  had cash of $22,940  and a deficit in
working capital of $2,989,089.  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 $342,937 to $656,391 for the nine months
ended December 31, 2005 from $999,328 for the corresponding  period of the prior
year. The decrease is principally attributable to an decrease in the net loss of
$68,144,   expenses  paid  by  shareholder  of  $68,770,  decrease  in  accounts
receivable  of  $114,257,  decrease  in prepaid  expense of $8,908,  increase in
accounts  payable and accrued  liabilities of  $202,355,an  increase in interest
payable to affiliates of $92,883 and a decrease in deferred revenue of $10,413.

Cash used by investing  activities  for the nine months ended  December 31, 2005
was $864 for the  purchase of  computer  equipment.  For the nine  months  ended
December 31, 2004 the Company used $11,440 for the purchase of equipment.

Cash  provided by financing  activities  for the nine months ended  December 31,
2005 was $642,000 from the issuance of promissory  notes and common stock.  This
compares with $1,032,816 of cash being provided from financing activities during
the nine months ended  December 31, 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.


         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.



                                                                       14
<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


 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



                                                                       15
<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: February 14, 2006      By: /s/ Charles Camorata
                                        ----------------------------
                                         Charles Camorata
                                         Principal Executive Officer

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



         16
<PAGE>

                                                                   Exhibit 31.1

 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  officer  and  I  are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a) designed such disclosure  controls and procedures,  or caused such disclosure
controls and  procedures to be designed  under our  supervision,  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 report is being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures and presented in this report our conclusions  about the effectiveness
of the disclosure  controls and procedures,  as of the end of the period covered
by this quarterly report based on such evaluation; and

c) disclosed in this quarterly  report any change in the  registrant's  internal
control over financial  reporting  that occurred  during the  registrant's  most
recent fiscal quarter that has materially  affected,  or is reasonably likely to
materially affect, the registrant's  internal control over financial  reporting,
and

5. The registrant's other certifying officer and I have disclosed,  based on our
most recent  evaluation of internal  control over  financial  reporting,  to the
registrant's  auditors  and the audit  committee  of the  registrant's  board of
directors (or persons performing the equivalent functions):

a) all  significant  deficiencies  and  material  weaknesses  in the  design  or
operation of internal  control over  financial  reporting  which are  reasonably
likely  to  adversely  affect  the  registrant's  ability  to  record,  process,
summarize and report financial information; and

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

 Dated: February 14, 2006

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

<PAGE>



         Exhibit 31.2

 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  officer  and  I  are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a) designed such disclosure  controls and procedures,  or caused such disclosure
controls and  procedures to be designed  under our  supervision,  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 report is being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures and presented in this report our conclusions  about the effectiveness
of the disclosure  controls and procedures,  as of the end of the period covered
by this quarterly report based on such evaluation; and

c) disclosed in this quarterly  report any change in the  registrant's  internal
control over financial  reporting  that occurred  during the  registrant's  most
recent fiscal quarter that has materially  affected,  or is reasonably likely to
materially affect, the registrant's  internal control over financial  reporting,
and

5. The registrant's other certifying officer and I have disclosed,  based on our
most recent  evaluation of internal  control over  financial  reporting,  to the
registrant's  auditors  and the audit  committee  of the  registrant's  board of
directors (or persons performing the equivalent functions):

a) all  significant  deficiencies  and  material  weaknesses  in the  design  or
operation of internal  control over  financial  reporting  which are  reasonably
likely  to  adversely  affect  the  registrant's  ability  to  record,  process,
summarize and report financial information; and

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

 Dated: February 14, 2006

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


<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

In connection with the Quarterly Report of Skreem Entertainment Corporation (the
"Company") on Form 10-QSB for the quarterly  period ended December 31, 2005 (the
"Report"),  as filed with the  Securities  and Exchange  Commission  on the date
hereof,  I, Charles  Camorata , Chief Executive  Officer of the Company,  hereby
certify,  to my  knowledge,  that  pursuant to 18 U.S.C.  Sec.  1350, as adopted
pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

1. the Report fully complies with the requirements of section 13(a) or 15(d), as
applicable, of the Securities Exchange Act of 1934, as amended; and

2. the  information  contained in the Report  fairly  presents,  in all material
respects, the financial condition and result of operations of the Company.

 By: /s/ Charles Camorata
 Name: Charles Camorata
 Title: Chief Executive Officer
 February 14, 2006
<PAGE>


                                                                   Exhibit 32.2


 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

In connection with the Quarterly Report of Skreem Entertainment Corporation (the
"Company") on Form 10-QSB for the quarterly  period ended December 31, 2005 (the
"Report"),  as filed with the  Securities  and Exchange  Commission  on the date
hereof,  I,  Karen  Pollino,  Chief  Financial  Officer of the  Company,  hereby
certify,  to my  knowledge,  that  pursuant to 18 U.S.C.  Sec.  1350, as adopted
pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

1. the Report fully complies with the requirements of section 13(a) or 15(d), as
applicable, of the Securities Exchange Act of 1934, as amended; and

2. the  information  contained in the Report  fairly  presents,  in all material
respects, the financial condition and result of operations of the Company.

By: /s/ Karen Pollino
Name: Karen Pollino
Title: Chief Financial Officer
February 14, 2006