----

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| Nevada                                              |   | 88-0441338                           |
|-----------------------------------------------------|--------|--------------------------------------|
| (State                  or other jurisdiction       |   | (I.R.S.                  Employer    |
| of                  (incorporation or organization) |   | Identification                  No.) |

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*When        used in this Report, the words "believes", "anticipates", "expects" and similar        expressions are intended to identify forward-looking statements. Such statements        are subject to certain risks and uncertainties that could cause actual results        to differ materially from those projected.*

*Our        business and results of operations are affected by a wide variety of factors        that could materially and adversely affect our company and our actual results,        including, but not limited to: (1) the availability of additional funds to        enable us to successfully pursue our business plan; (2) the uncertainties        related to the effectiveness of our technologies and the development of our        products and services; (3) our ability to maintain, attract and integrate        management personnel; (4) our ability to complete the development of our        proposed services in a timely manner; (5) our ability to effectively market        and        sell our services to current and new customers; (6) our ability to negotiate        and        maintain suitable strategic licenses and corporate relationships; (7) the        intensity of competition; and (8) general economic conditions. As a result        of        these and other factors, we may experience material fluctuations in future        operating results on a quarterly or annual basis, which could materially        and        adversely affect our business, financial condition, operating results and        stock        price. *

*These        forward-looking statements speak only as of the date hereof. We undertake        no        obligation to publicly release the results of any revisions to these        forward-looking statements that may be made to reflect events or circumstances        after the date hereof or to reflect the occurrence of unanticipated        events.*

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| ITEM                  1. | FINANCIAL                  STATEMENTS. |
|--------------------------|----------------------------------------|

| ASSETS                                                                                                                                                                                    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                      |   | (Restated) |   |
| Current                  assets                                                                                                                                                           |   |   |   |
| Cash                                                                                                                                                                                      |   | $ | -- |   |
| Accounts                  receivable, net                                                                                                                                                 |   |   | 546,031 |   |
| Inventory                                                                                                                                                                                 |   |   | 380,228 |   |
| Prepaid                  expenses and other current assets                                                                                                                                |   |   | 10,302 |   |
| Total                  current assets                                                                                                                                                     |   |   | 936,561 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Fixed                  assets, net                                                                                                                                                        |   |   | 1,308,743 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Other                  assets                                                                                                                                                             |   |   | 18,433 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Total                  assets                                                                                                                                                             |   | $ | 2,263,737 |   |
|                                                                                                                                                                                      |   |   |   |   |
|  LIABILITIES                  AND STOCKHOLDERS' DEFICIT                                                                                                                              |
|                                                                                                                                                                                      |   |   |   |   |
| Current                  liabilities                                                                                                                                                      |   |   |   |   |
| Bank                  overdrafts                                                                                                                                                          |   | $ | 95,531 |   |
| Accounts                  payable                                                                                                                                                         |   |   | 772,231 |   |
| Accrued                  liabilities                                                                                                                                                      |   |   | 13,914 |   |
| Customer                  deposits                                                                                                                                                        |   |   | 247,460 |   |
| Due                  to related parties                                                                                                                                                   |   |   | 464,705 |   |
| Lines                  of credit                                                                                                                                                          |   |   | 137,211 |   |
| Convertible                  loan payable                                                                                                                                                 |   |   | 10,000 |   |
| Notes                  payable - current portion                                                                                                                                          |   |   | 375,327 |   |
| Notes                  payable - related parties                                                                                                                                          |   |   | 1,063,965 |   |
| Other                  liability for Ipoint Transaction                                                                                                                                   |   |   | 262,500 |   |
| Other                  liabilities                                                                                                                                                        |   |   | 123,699 |   |
| Total                  current liabilities                                                                                                                                                |   |   | 3,566,543 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Note                  payable - long-term portion                                                                                                                                         |   |   | 493,204 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Total                  liabilities                                                                                                                                                        |   |   | 4,059,747 |   |
|                                                                                                                                                                                      |   |   |   |   |
| Commitments                  and contingencies                                                                                                                                            |   |   | -- |   |
|                                                                                                                                                                                      |   |   |   |   |
| Stockholders'                  deficit                                                                                                                                                    |   |   |   |   |
| Common                    stock - $.001 par value, 250,000,000 shares authorized, 246,628,494                    shares                    issued and 243,829,665 shares outstanding |   |   | 243,830 |   |
| Additional                  paid-in capital                                                                                                                                               |   |   | 130,596 |   |
| Cash                  equivalent credit paid in common stock                                                                                                                              |   |   | (125,000 | ) |
| Receivable                  related to issuance of common stock                                                                                                                           |   |   | (12,500 | ) |
| Accumulated                  deficit                                                                                                                                                      |   |   | (2,032,936 | ) |
| Total                  stockholders' deficit                                                                                                                                              |   |   | (1,796,010 | ) |
|                                                                                                                                                                                      |   |   |   |   |
| Total                  liabilities and stockholders' deficit                                                                                                                              |   | $ | 2,263,737 |   |

----

| LIMELIGHT                      MEDIA GROUP, INC. |
|--------------------------------------------------|
| STATEMENTS                      OF OPERATIONS    |
| (UNAUDITED)                                      |

|                                                                    |   | For                      the Three Months Ended June 30, 2005 |        | For                      the Three Months Ended June 30, 2004 |   | For                      the Six Months Ended June 30, 2005 |   | For                      the Six Months Ended June 30, 2004 |       |
|-------------------------------------------------------------------------|--------|---------------------------------------------------------------|-------------|---------------------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------------------------------|------------|
| Revenues                                                                |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |
| Equipment                      sales                                    |   | $                                                             | 850,251     |                                                          | $      | 681,699                                                     |   | $                                                           | 1,734,037  |   | $ | 1,549,495 |   |
| Consulting                      and design services                     |   |                                                          | 166,715     |                                                          |   | 5,052                                                       |   |                                                        | 173,291    |   |   | 13,774 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Total                      revenues                                     |   |                                                          | 1,016,966   |                                                          |   | 686,751                                                     |   |                                                        | 1,907,328  |   |   | 1,563,269 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Cost                      of revenues                                   |   |                                                          | 613,125     |                                                          |   | 528,295                                                     |   |                                                        | 1,311,573  |   |   | 1,201,536 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Gross                      profit                                       |   |                                                          | 403,841     |                                                          |   | 158,456                                                     |   |                                                        | 595,755    |   |   | 361,733 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| General                      and administrative expenses                |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Professional                      and consulting                        |   |                                                          | 27,341      |                                                          |   | 22,850                                                      |   |                                                        | 59,257     |   |   | 53,617 |   |
| Selling                      and marketing                              |   |                                                          | 31,213      |                                                          |   | 51,317                                                      |   |                                                        | 69,632     |   |   | 76,420 |   |
| Depreciation                                                            |   |                                                          | 7,389       |                                                          |   | 2,964                                                       |   |                                                        | 13,013     |   |   | 5,928 |   |
| Wages                      and salaries                                 |   |                                                          | 229,225     |                                                          |   | 171,091                                                     |   |                                                        | 434,506    |   |   | 356,944 |   |
| Rent                      expense                                       |   |                                                          | 53,652      |                                                          |   | 55,014                                                      |   |                                                        | 107,213    |   |   | 107,738 |   |
| Other                      general and administrative expenses          |   |                                                          | 32,560      |                                                          |   | 32,459                                                      |   |                                                        | 75,584     |   |   | 66,641 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Total                      general and administrative expenses          |   |                                                          | 381,380     |                                                          |   | 335,695                                                     |   |                                                        | 759,205    |   |   | 667,288 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Income                      (loss) from operations                      |   |                                                          | 22,461      |                                                          |   | (177,239                                                    | )      |                                                        | (163,450   | ) |   | (305,555 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Other                      income (expense)                             |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Other                      income                                       |   |                                                          | 10,176      |                                                          |   | 15,293                                                      |   |                                                        | 23,866     |   |   | 29,822 |   |
| Interest                      expense                                   |   |                                                          | (5,845      | )                                                             |   | (13,747                                                     | )      |                                                        | (21,208    | ) |   | (23,455 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Income                      (loss) before provision for income taxes    |   |                                                          | 26,792      |                                                          |   | (175,693                                                    | )      |                                                        | (160,792   | ) |   | (299,188 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Income                      tax provisions                              |   |                                                          | --          |                                                          |   | --                                                          |   |                                                        | --         |   |   | -- |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Net                      income (loss)                                  |   | $                                                             | 26,792      |                                                          | $      | (175,693                                                    | )      | $                                                           | (160,792   | ) | $ | (299,188 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Basic                      earnings (loss) per common share             |   | $                                                             | 0.00        |                                                          | $      | (0.00                                                       | )      | $                                                           | (0.00      | ) | $ | (0.00 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Diluted                      earnings (loss) per common share           |   | $                                                             | 0.00        |                                                          | $      | (0.00                                                       | )      | $                                                           | (0.00      | ) | $ | (0.00 | ) |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Basic                      weighted average common shares outstanding   |   |                                                          | 100,565,233 |                                                          |   | 98,942,308                                                  |   |                                                        | 99,758,254 |   |   | 98,942,308 |   |
|                                                                    |   |                                                          |        |                                                          |   |                                                        |   |                                                        |       |   |   |   |   |
| Diluted                      weighted average common shares outstanding |   |                                                          | 100,598,200 |                                                          |   | 98,942,308                                                  |   |                                                        | 99,758,254 |   |   | 98,942,308 |   |

----

| LIMELIGHT                      MEDIA GROUP, INC.        |
|---------------------------------------------------------|
| STATEMENT                      OF STOCKHOLDERS' DEFICIT |
| (Restated)                                              |

|                                                                                                                                                                      |   | Common                      stock     |        |   |   | Cash                      Equivalent            |   | Receivable                      Related to                            |     |                                                               |   | Total                                    |          |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|-------------|--------|--------|-------------------------------------------------|--------|-----------------------------------------------------------------------|----------|--------------------------------------------------------------------|--------|------------------------------------------|---------------|
|                                                                                                                                                                      |   | Number                      of Shares |        | Amount |   | Additional                      Paid-in capital |   | Credit                      Paid in Common                      Stock |     | Issuance                      of Common                      Stock |   | Accumulated                      Deficit |          | Stockholders'Deficit |   |
| Balance,                      December 31, 2004                                                                                                                           |   |                                  | 78,768,542  |   | $      | 78,768                                          |   | $                                                                     | 280,367  |                                                               | $      | --                                       |          | $ | -- |   | $ | (844,179 | ) | $ | (485,044 | ) |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Issuance                      of common stock for accrued compensation                                                                                                    |   |                                  | 20,173,766  |   |   | 20,174                                          |   |                                                                  | 248,172  |                                                               |   | --                                       |          |   | -- |   |   | -- |   |   | 268,346 |   |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Issuance                      of common stock for Ipoint Transaction                                                                                                      |   |                                  | 6,057,692   |   |   | 6,058                                           |   |                                                                  | 481,442  |                                                               |   | --                                       |          |   | -- |   |   | -- |   |   | 487,500 |   |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Issuance                      of common stock for acquisition of Impart, Inc.                                                                                             |   |                                  | 138,829,665 |   |   | 138,830                                         |   |                                                                  | (879,385 | )                                                                  |   | (125,000                                 | )             |   | (12,500 | ) |   | -- |   |   | (878,055 | ) |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Note                      payable - related parties assumed for acquisition of assets                      from Media                      Sidestreet Support Corporation |   |                                  | --          |   |   | --                                              |   |                                                                  | --       |                                                               |   | --                                       |          |   | -- |   |   | (1,027,965 | ) |   | (1,027,965 | ) |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Net                      loss                                                                                                                                             |   |                                  | --          |   |   | --                                              |   |                                                                  | --       |                                                               |   | --                                       |          |   | -- |   |   | (160,792 | ) |   | (160,792 | ) |
|                                                                                                                                                                      |   |                                  |        |   |   |                                            |   |                                                                  |     |                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Balance,                      June 30, 2005 (Unaudited)                                                                                                                   |   |                                  | 243,829,665 |   | $      | 243,830                                         |   | $                                                                     | 130,596  |                                                               | $      | (125,000                                 | )   | $ | (12,500 | )   | $ | (2,032,936 | )   | $ | (1,796,010 | ) |

----

| LIMELIGHT                        MEDIA GROUP, INC. |
|----------------------------------------------------|
| STATEMENTS                        OF CASH FLOWS    |
| (UNAUDITED)                                        |

|                                                                                                                                                                                       |   | For                            the Six Months Ended June 30, 2005 |     | For                            the Six Months Ended June 30, 2004 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|----------|-------------------------------------------------------------------|--------|
|                                                                                                                                                                                       |   | (Restated)                                                        |     |                                                              |   |
| Cash                            flows from operating activities:                                                                                                                           |   |                                                              |     |                                                              |   |   |   |
| Net                            loss                                                                                                                                                        |   | $                                                                 | (160,792 | )                                                                 | $      | (299,188 | ) |
| Adjustments                            to reconcile net loss to net cash used by operating                            activities:                                                          |   |                                                              |     |                                                              |   |   |   |
| Depreciation                                                                                                                                                                               |   |                                                              | 13,013   |                                                              |   | 5,928 |   |
| Changes                            in operating assets and liabilities net of acquired assets                            and liabilities                            due to reverse merger: |   |                                                              |     |                                                              |   |   |   |
| Accounts                            receivable                                                                                                                                             |   |                                                              | 421,940  |                                                              |   | 244,743 |   |
| Inventory                                                                                                                                                                                  |   |                                                              | (25,632  | )                                                                 |   | (221,118 | ) |
| Prepaid                            expenses and other current assets                                                                                                                       |   |                                                              | 100      |                                                              |   | 2,714 |   |
| Accounts                            payable                                                                                                                                                |   |                                                              | (362,810 | )                                                                 |   | (42,643 | ) |
| Accrued                            liabilities                                                                                                                                             |   |                                                              | (40,335  | )                                                                 |   | (155,470 | ) |
| Customer                            deposits                                                                                                                                               |   |                                                              | 119,834  |                                                              |   | 60,400 |   |
| Net                            cash used by operating activities                                                                                                                           |   |                                                              | (34,682  | )                                                                 |   | (404,634 | ) |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Cash                            flows from investing activities:                                                                                                                           |   |                                                              |     |                                                              |   |   |   |
| Cash                            acquired in reverse merger                                                                                                                                 |   |                                                              | 1,968    |                                                              |   | -- |   |
| Purchase                            of fixed assets                                                                                                                                        |   |                                                              | (190,436 | )                                                                 |   | (3,196 | ) |
| Net                            cash used by investing activities                                                                                                                           |   |                                                              | (188,468 | )                                                                 |   | (3,196 | ) |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Cash                            flows from financing activities:                                                                                                                           |   |                                                              |     |                                                              |   |   |   |
| Net                            change in bank overdraft                                                                                                                                    |   |                                                              | 95,531   |                                                              |   | (71,808 | ) |
| Change                            in due to related parties                                                                                                                                |   |                                                              | (10,250  | )                                                                 |   | 10,250 |   |
| Net                            change in line of credit                                                                                                                                    |   |                                                              | 11,494   |                                                              |   | 108,243 |   |
| Proceeds                            from notes payable                                                                                                                                     |   |                                                              | 70,000   |                                                              |   | 400,000 |   |
| Proceeds                            from notes payable - related parties                                                                                                                   |   |                                                              | 36,000   |                                                              |   | -- |   |
| Principal                            payments on notes payable                                                                                                                             |   |                                                              | (16,102  | )                                                                 |   | -- |   |
| Net                            cash provided by financing activities                                                                                                                       |   |                                                              | 186,673  |                                                              |   | 446,685 |   |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Net                            change in cash                                                                                                                                              |   |                                                              | (36,477  | )                                                                 |   | 38,855 |   |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Cash,                            beginning of period                                                                                                                                       |   |                                                              | 36,477   |                                                              |   | -- |   |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Cash,                            end of period                                                                                                                                             |   | $                                                                 | --       |                                                              | $      | 38,855 |   |
|                                                                                                                                                                                       |   |                                                              |     |                                                              |   |   |   |
| Supplementary                            cash flow information:                                                                                                                            |   |                                                              |     |                                                              |   |   |   |
| Cash                            payments for income taxes                                                                                                                                  |   | $                                                                 | --       |                                                              | $      | -- |   |
| Cash                            payments for interest                                                                                                                                      |   | $                                                                 | 23,455   |                                                              | $      | 21,208 |   |

----

| LIMELIGHT                    MEDIA GROUP, INC.          |
|---------------------------------------------------------|
| STATEMENTS                    OF CASH FLOWS (CONTINUED) |
| (UNAUDITED)                                             |

|                                                                                                                                                                |   | For                    the Six Months Ended June 30, 2005 |      | For                    the Six Months Ended June 30, 2004 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|-----------|-----------------------------------------------------------|--------|
|                                                                                                                                                                |   | (Restated)                                                |      |                                                      |   |
| Schedule                    of non-cash operating, investing and financing activities:                                                                              |   |                                                      |      |                                                      |   |   |   |
| Issuance                    of common stock for accrued compensation                                                                                                |   | $                                                         | 268,346   |                                                      | $      | -- |   |
|                                                                                                                                                                |   |                                                      |      |                                                      |   |   |   |
| Issuance                    of common stock for acquisition of Impart, Inc.                                                                                         |   |                                                      |      |                                                      |   |   |   |
| Limelight                    Media Group, Inc. net assets                                                                                                           |   |                                                      |      |                                                      |   |   |   |
| Inventory                                                                                                                                                           |   | $                                                         | 1,240     |                                                      | $      | -- |   |
| Fixed                    assets                                                                                                                                     |   |                                                      | 88,961    |                                                      |   | -- |   |
| Other                    assets                                                                                                                                     |   |                                                      | 13,700    |                                                      |   | -- |   |
| Accounts                    payable                                                                                                                                 |   |                                                      | (359,770  | )                                                         |   | -- |   |
| Accrued                    liabilities                                                                                                                              |   |                                                      | (750      | )                                                         |   | -- |   |
| Due                    to related parties                                                                                                                           |   |                                                      | (464,705  | )                                                         |   | -- |   |
| Notes                    payable                                                                                                                                    |   |                                                      | (25,000   | )                                                         |   | -- |   |
| Convertible                    loan payable                                                                                                                         |   |                                                      | (10,000   | )                                                         |   | -- |   |
| Other                    liabilities                                                                                                                                |   |                                                      | (123,699  | )                                                         |   | -- |   |
| Cash                    equivalent credit paid in common stock                                                                                                      |   |                                                      | 125,000   |                                                      |   | -- |   |
| Receivable                    related to issuance of common stock                                                                                                   |   |                                                      | 12,500    |                                                      |   | -- |   |
| Total                    non-cash consideration related to Limelight                                                                                                |   | $                                                         | (742,523  | )                                                         | $      | -- |   |
|                                                                                                                                                                |   |                                                      |      |                                                      |   |   |   |
| Non-cash                    consideration for fixed assets purchased in the Ipoint                    Transaction                                                   |   |                                                      |      |                                                      |   |   |   |
| Assumption                    of note payable                                                                                                                       |   |                                                      | 250,000   |                                                      |   | -- |   |
| Assumption                    of other liablilty                                                                                                                    |   |                                                      | 262,500   |                                                      |   | -- |   |
| Issuance                    of common stock                                                                                                                         |   |                                                      | 487,500   |                                                      |   | -- |   |
| Total                    non-cash consideration related to Ipoint                                                                                                   |   | $                                                         | 1,000,000 |                                                      | $      | -- |   |
|                                                                                                                                                                |   |                                                      |      |                                                      |   |   |   |
| Note                    payable - related parties assumed for acquisition of assets from                    Media                    Sidestreet Support Corporation |   | $                                                         | 1,027,965 |                                                      | $      | -- |   |

----

| 1. | DESCRIPTION                    OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT                    POLICIES |
|----|------------------------------------------------------------------------------------------------------------|

----

|                                             |   | Impart                      Transaction (1) |        | Ipoint                      Transaction (2) |   | Total      |   |
|--------------------------------------------------|--------|---------------------------------------------|-------------|---------------------------------------------|--------|------------|--------|
| Total                      consideration         |   |                                        | 153,125,000 |                                        |   | 9,375,000  |   |   | 162,500,000 |   |
| Holdback                      shares             |   |                                        | (54,182,692 | )                                           |   | (3,317,308 | )      |   | (57,500,000 | ) |
| Total                      Common Stock issuance |   |                                        | 98,942,308  |                                        |   | 6,057,692  |   |   | 105,000,000 |   |

----

----

----

| 2. | ASSET                    ACQUISITIONS |
|----|---------------------------------------|

----

| 3. | ACCOUNTS                    RECEIVABLE |
|----|----------------------------------------|

| 4. | INVENTORY |
|----|-----------|

| 5. | FIXED                    ASSETS |
|----|---------------------------------|

| Computer                    and other equipment   |   | $      | 371,178   |   |
|---------------------------------------------------|--------|--------|-----------|--------|
| Furniture                    and fixtures         |   |   | 71,206    |   |
| Software                                          |   |   | 977,199   |   |
| Leasehold                    equipment            |   |   | 3,661     |   |
|                                              |   |   | 1,423,244 |   |
| Less:                    accumulated depreciation |   |   | 114,501   |   |
|                                              |   |   |      |   |
| Fixed                    assets, net              |   | $      | 1,308,743 |   |

| 6. | DUE                    TO RELATED PARTIES |
|----|-------------------------------------------|

| Loan                      payable to the Company’s CEO, secured by the Company’s assets bearing                      interest at 9% per annum, payable in monthly installments of                      interest                      only, due on demand |   | $      | 386,807 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                                                                                                                                                                                                                 |   |   |    |   |
| Unreimbursed                      expenses to the CEO, unsecured, bearing no interest and due                      on                      demand                                                                                                                    |   |   | 42,891  |   |
|                                                                                                                                                                                                                                                                 |   |   |    |   |
| Unreimbursed                      expenses to various stockholders, unsecured, bearing no interest                      and due                      on demand                                                                                                       |   |   | 10,600  |   |
|                                                                                                                                                                                                                                                                 |   |   |    |   |
| Accrued                      interest on related party loans                                                                                                                                                                                                         |   |   | 24,407  |   |
|                                                                                                                                                                                                                                                                 |   |   |    |   |
|                                                                                                                                                                                                                                                                 |   | $      | 464,705 |   |

----

| 7. | LINES                    OF CREDIT |
|----|------------------------------------|

| A                    bank line of credit for borrowing up to $200,000, secured by                    the Company’s                    assets, bearing interest at 11% per annum payable in monthly                    installments                    of interest only, matures December 2006 |   | $      | 119,284 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                                                                                                                                                                                                                                                |   |   |    |   |
| An                    American Express business capital line for borrowing up to $54,000,                    unsecured, bearing a variable interest rate (28.24% atJune 30,                    2005)                    payable in monthly installments of interest only                            |   |   | 17,927  |   |
|                                                                                                                                                                                                                                                                                                |   |   |    |   |
|                                                                                                                                                                                                                                                                                                |   | $      | 137,211 |   |

| 8. | CONVERTIBLE                    LOANS PAYABLE |
|----|----------------------------------------------|

| 9. | NOTES                    PAYABLE |
|----|----------------------------------|

----

| 10. | NOTES                    PAYABLE - RELATED PARTIES |
|-----|----------------------------------------------------|

| 11. | CASH                    EQUIVALENT CREDIT PAID IN COMMON                    STOCK |
|-----|-----------------------------------------------------------------------------------|

| 12. | OTHER                    LIABILITIES |
|-----|--------------------------------------|

----

| 13. | STOCKHOLDERS’                    DEFICIT |
|-----|------------------------------------------------|

|                                            |   | Number                    of Shares |      | Weighted                    Average Exercise                    Price |   |
|-------------------------------------------------|--------|-------------------------------------|-----------|-----------------------------------------------------------------------|--------|
| Balance,                    December 31, 2003   |   |                                | 1,570,000 |                                                                  |   | 0.69 |   |
| Warrants                    granted and assumed |   |                                | 100,000   |                                                                  |   | 0.50 |   |
| Warrants                    expired             |   |                                | --        |                                                                  |   | -- |   |
| Warrants                    canceled            |   |                                | --        |                                                                  |   | -- |   |
| Warrants                    exercised           |   |                                | --        |                                                                  |   | -- |   |
| Balance,                    December 31, 2004   |   |                                | 1,670,000 |                                                                  |   | 0.68 |   |
| Warrants                    granted and assumed |   |                                | 3,990,000 |                                                                  |   | 0.04 |   |
| Warrants                    expired             |   |                                | 100,000   |                                                                  |   | .08 |   |
| Warrants                    canceled            |   |                                | --        |                                                                  |   | -- |   |
| Warrants                    surrendered         |   |                                | 990,000   |                                                                  |   | 0.75 |   |
| Warrants                    exercised           |   |                                | 990,000   |                                                                  |   | 0.00 |   |
| Balance,                    June 30, 2005       |   |                                | 3,580,000 |                                                                  | $      | 0.14 |   |

| Exercise                    Price |   | Number                    Outstanding as of                    12/31/04 |   | Weighted                    Average Remaining Contractual                    Life |   | Number                    Exercisable as of                    12/31/04 |                          |
|-----------------------------------|--------|-------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|-------------------------------|
| $                                 | 0.05   |                                                                    |   | 3,000,000                                                                         |   |                                                                    | 3.00                    years |   |   | 3,000,000 |   |
|                              | 0.25   |                                                                    |   | 180,000                                                                           |   |                                                                    | 0.86                    years |   |   | 180,000 |   |
|                              | 0.50   |                                                                    |   | 200,000                                                                           |   |                                                                    | 0.42                    years |   |   | 200,000 |   |
|                              | 1.00   |                                                                    |   | 200,000                                                                           |   |                                                                    | 0.42                    years |   |   | 200,000 |   |
| $                                 | 0.14   |                                                                    |   | 3,580,000                                                                         |   |                                                                    |                          |   |   | 3,580,000 |   |

----

| Number                      of Warrants Granted                      During 2005 |      | Exercise                      Price Equals, Exceeds or is Less Than Mkt. Price of Stock                      on                      Grant Date |   | Weighted                      Average                      Exercise Price |   | Range                      of                      Exercise Price |   | Weighted                      Average                      Fair Value |   |
|----------------------------------------------------------------------------------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                                             | --        |                                                                                                                                            |   | Equals                                                                    |   | $                                                                 | --     |                                                                  | $      | -- |   | $ | -- |   |
|                                                                             | --        |                                                                                                                                            |   | Exceeds                                                                   |   | $                                                                 | --     |                                                                  | $      | -- |   | $ | -- |   |
|                                                                             | 3,990,000 |                                                                                                                                            |   | Less                      Than                                            |   | $                                                                 | 0.04   |                                                                  | $      | 0.00-0.05 |   | $ | 0.05 |   |
|                                                                             |      |                                                                                                                                            |   |                                                                      |   |                                                              |   |                                                                  |   |   |   |   |   |   |
|                                                                             | 3,990,000 |                                                                                                                                            |   |                                                                      |   | $                                                                 | 0.04   |                                                                  | $      | 0.15 |   | $ | 0.05 |   |

| 14. | EMPLOYEMENT                    AGREEMENTS |
|-----|-------------------------------------------|

| 15. | LOCK-UP                    AGREEMENTS |
|-----|---------------------------------------|

----

| 16. | COMMITMENTS                    AND CONTINGENCIES |
|-----|--------------------------------------------------|

| July                    31, 2005 through December 31, 2005 |   | $      | 111,852   |   |
|------------------------------------------------------------|--------|--------|-----------|--------|
| 2005                                                       |   |   | 198,210   |   |
| 2006                                                       |   |   | 180,000   |   |
| 2007                                                       |   |   | 180,000   |   |
| 2008                                                       |   |   | 180,000   |   |
| 2009                                                       |   |   | 180,000   |   |
| Thereafter                                                 |   |   | 1,620,000 |   |
|                                                       |   |   |      |   |
|                                                       |   | $      | 2,650,062 |   |

| 17. | SUBSEQUENT                    EVENTS |
|-----|--------------------------------------|

----

| 18. | RESTATEMENT                    OF FINANCIAL STATEMENTS |
|-----|--------------------------------------------------------|

----

| ASSETS                                                                                                                                                                               |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                 |   | June                    30, 2005 as previously reported |   | Restatement |   |   |   | June                    30, 2005 Restated |   |
| Current                    assets                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                                                                                                                                                                                 |   | $ | -- |   | $ | -- |   |   |   |   | $ | -- |   |
| Accounts                    receivable, net                                                                                                                                          |   |   | 546,031 |   |   | -- |   |   |   |   |   | 546,031 |   |
| Inventory                                                                                                                                                                            |   |   | 526,228 |   |   | (146,000 | ) |   | a. |   |   | 380,228 |   |
| Prepaid                    expenses and other current assets                                                                                                                         |   |   | 10,302 |   |   | -- |   |   |   |   |   | 10,302 |   |
| Total                    current assets                                                                                                                                              |   |   | 1,082,561 |   |   | (146,000 | ) |   |   |   |   | 936,561 |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                    assets, net                                                                                                                                                 |   |   | 2,336,708 |   |   | (1,027,965 | ) |   | b. |   |   | 1,308,743 |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                    assets                                                                                                                                                      |   |   | 18,433 |   |   | -- |   |   |   |   |   | 18,433 |   |
| Total                    assets                                                                                                                                                      |   | $ | 3,437,702 |   | $ | (1,173,965 | ) |   |   |   | $ | 2,263,737 |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES                    AND STOCKHOLDERS’ DEFICIT                                                                                                                       |
| Current                    liabilities                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank                    overdrafts                                                                                                                                                   |   | $ | 95,531 |   | $ | -- |   |   |   |   | $ | 95,531 |   |
| Accounts                    payable                                                                                                                                                  |   |   | 772,231 |   |   | -- |   |   |   |   |   | 772,231 |   |
| Accrued                    liabilities                                                                                                                                               |   |   | 13,914 |   |   | -- |   |   |   |   |   | 13,914 |   |
| Customer                    deposits                                                                                                                                                 |   |   | 247,460 |   |   | -- |   |   |   |   |   | 247,460 |   |
| Due                    to related parties                                                                                                                                            |   |   | 464,705 |   |   | -- |   |   |   |   |   | 464,705 |   |
| Lines                    of credit                                                                                                                                                   |   |   | 137,211 |   |   | -- |   |   |   |   |   | 137,211 |   |
| Convertible                    loan payable                                                                                                                                          |   |   | 10,000 |   |   | -- |   |   |   |   |   | 10,000 |   |
| Notes-payable                    - current portion                                                                                                                                   |   |   | 375,327 |   |   | -- |   |   |   |   |   | 375,327 |   |
| Notes                    payable - related parties                                                                                                                                   |   |   | 1,063,965 |   |   | -- |   |   |   |   |   | 1,063,965 |   |
| Other                    liability for Ipoint Transaction                                                                                                                            |   |   | -- |   |   | 262,500 |   |   | c. |   |   | 262,500 |   |
| Other                    liabilities                                                                                                                                                 |   |   | 30,699 |   |   | 93,000 |   |   | d. |   |   | 123,699 |   |
| Total                    current liabilities                                                                                                                                         |   |   | 3,211,043 |   |   | 355,500 |   |   |   |   |   | 3,566,543 |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Note                    payable - long-term portion                                                                                                                                  |   |   | 493,204 |   |   | -- |   |   |   |   |   | 493,204 |   |
| Total                    liabilities                                                                                                                                                 |   |   | 3,704,247 |   |   | 355,500 |   |   |   |   |   | 4,059,747 |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholder’s                    deficit                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                    stock - $.001 par value, 250,000,000 shares authorized, 246,628,494                    shares                    issued and 243,829,665 shares outstanding |   |   | 246,628 |   |   | (2,798 | ) |   | e. |   |   | 243,830 |   |
| Additional                    paid-in capital                                                                                                                                        |   |   | 202,452 |   |   | (71,856 | ) |   | f. |   |   | 130,596 |   |
| Cash                    equivalent credit paid in common stock                                                                                                                       |   |   | (125,000 | ) |   | -- |   |   |   |   |   | (125,000 | ) |
| Receivable                    related to issuance of common stock                                                                                                                    |   |   | -- |   |   | (12,500 | ) |   | g. |   |   | (12,500 | ) |
| Accumulated                    deficit                                                                                                                                               |   |   | (590,625 | ) |   | (1,442,311 | ) |   | h. |   |   | (2,032,936 | ) |
| Total                    stockholders’ deficit                                                                                                                                 |   |   | (266,545 | ) |   | (1,529,465 | ) |   |   |   |   | (1,796,010 | ) |
| Total                    liabilities and stockholders’ deficit                                                                                                                 |   | $ | 3,437,702 |   | $ | (1,173,965 | ) |   |   |   | $ | 2,263,737 |   |

----

|   | a. | Represents                    an error discovered during the audit of Impart, Inc. as of December                    31,                    2004 performed subsequent to the Impart Transaction and subsequent                    to the                    filing of the Form 10-QSB containing the previously reported                    balance                    sheet. The error resulted in a reduction of inventory totaling                    $146,000 as                    well as an increase to the beginning balance accumulated deficit                    for the                    same amount. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | As                    discussed in Notes 1 and 2, the Company purchased the assets                    of Media                    Sidestreet in exchange for the issuance of notes in the aggregate                    principal amount of $1,027,965 to the owners of Media Sidestreet.                    The                    Company previously recorded the assets at their fair value. However,                    generally accepted accounting principles in the United States                    require that                    assets transferred or acquired from entities under common control                    be                    recorded at their historical cost. At the time of the acquisition,                    Media                    Sidestreet had fully depreciated assets which primarily consisted                    of                    software and related computer equipment. Accordingly, the restatement                    resulted in a reduction of the assets by $1,207,965 to their                    historical                    cost of $0.00. The Company also recorded the acquisition as a                    distribution                    to the Impart owners equal to the balance of the notes, which                    increased                    the accumulated deficit by                    $1,207,965. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | As                    discussed in Notes 1 and 2, the Company purchased the assets                    of Ipoint.                    The consideration for the Ipoint Transaction resulted in the                    issuance of                    6,057,692 shares of the Company’s common stock and a promissory note of                    $250,000. As Limelight Media Group, Inc. did not have a sufficient                    number                    of duly authorized shares on the date of the acquisition, 3,317,308                    shares                    were held back and were to be issued subsequent to certain conditions                    as                    described in Note 1. The Company valued the total 9,375,000 shares                    at                    $750,000 which was recorded as common stock and paid in capital                    for that                    value. However, the Company determined that due to the additional                    shares                    to be issued for this transaction, the portion related to the                    holdback                    shares should be allocated as a liability. Accordingly, the Company                    recorded an other liability for Ipoint transaction totaling $262,500.                    The                    transaction resulted in decrease to additional paid-in capital                    by the same                    amount. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | Represents                    managements’ decision to recognize a liability related to Clickplay as                    discussed in Note 12 above. The Company previously reported that                    the                    judgment upon the Company for $93,000 did not occur due to jurisdictional                    defects stemming from the misidentification of the Company as                    the                    defendant and management felt it could defend against the suit.                    However,                    the Company determined that the liability should in fact be recognized.                    Accordingly, the adjustment increased other liabilities by $93,000                    and                    decreased additional paid-in capital by the same amount (as the                    liability                    related to Limelight Media Group, Inc. prior to the Impart                    Transaction). |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | The                    Company failed to recognize that certain shares of Limelight                    were held in                    escrow by an entity and accordingly were issued but not outstanding.                    The                    adjustment resulted in a reclassification from common stock to                    additional                    paid-in capital totaling                    $2,798. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | f. | The                    following schedule reconciles the adjustments to additional paid-in                    capital: |
|--------|----|------------------------------------------------------------------------------------------------------------------------|

| Decrease                    as discussed in c. above                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $      | (262,500 | )      |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|
| Decrease                    as discussed in d. above                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | (93,000  | )      |
| Increase                    as discussed in e. above                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 2,798    |   |
| During                    the audit of Impart, Inc. as discussed in a. above, the Company                    also                    discovered accrued compensation totaling $268,346. Additionally,                    Impart                    had issued 2,683,460 shares of its common stock during 2005 but                    prior to                    the Impart Transaction in satisfaction of the accrued compensation.                    Accordingly the restated financial statements reflect an increase                    to                    additional paid-in capital by the stock issuance as well as an                    increase to                    the beginning accumulated deficit balance. |   |   | 268,346  |   |
| Subsequent                    to filing the Form 10-QSB which contained the previously reported                    balance                    sheet, the Company discovered an error whereby Limelight Media                    Group, Inc.                    had issued stock for cash totaling $12,500 which had not been                    received as                    of June 30, 2005. The error resulted in a reclassification from                    additional                    paid-capital to a receivable related to issuance of common stock                    totaling                    $12,500.                                                                                                        |   |   | 12,500   |   |
| Net                    adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $      | (71,856  | )      |

|   | g. | See                    f. above for discussion on reclassification of $12,500 from additional                    paid-in capital to receivable related to issuance of common                    stock. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | The                    following schedule reconciles the adjustments to accumulated                    deficit: |
|--------|----|-----------------------------------------------------------------------------------------------------------------|

| Reduction                    in inventory recorded in 2004 as discussed in a. above |   | $      | (146,000   | ) |
|-------------------------------------------------------------------------------------|--------|--------|------------|---|
| Distribution                    to Impart owners as discussed in b. above           |   |   | (1,027,965 | ) |
| Accrued                    compensation recorded in 2004 as discussed in f. above   |   |   | (268,346   | ) |
| Net                    adjustments                                                  |   | $      | (1,442,311 | ) |

----

|                                                                                                                                                                 |   | For                    the Six Months Ended June 30, 2005 as previously reported |       | Restatement |   |       |   | For                    the Six Months Ended June 30, 2005 (Restated) |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|------------|-------------|--------|------------|--------|----------------------------------------------------------------------|--------|
| Cash                    flows from investing activities                                                                                                              |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Cash                    acquired in reverse merger                                                                                                                   |   | $                                                                                | 1,968      |        | $      | --         |   |                                                                 |   |   | $ | 1,968 |   |
| Purchase                    of fixed assets                                                                                                                          |   |                                                                             | (1,468,401 | )           |   | 1,277,965  |   |                                                                 | i.     |   |   | (190,436 | ) |
| Net                    cash used by investing activities                                                                                                             |   | $                                                                                | (1,466,433 | )           |   | 1,277,965  |   |                                                                 |   |   |   | (188,468 | ) |
|                                                                                                                                                                 |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Cash                    flows from financing activities                                                                                                              |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Net                    change in bank overdraft                                                                                                                      |   | $                                                                                | 95,531     |        | $      | --         |   |                                                                 |   |   | $ | 95,531 |   |
| Change                    in due to related parties                                                                                                                  |   |                                                                             | (10,250    | )           |   | --         |   |                                                                 |   |   |   | (10,250 | ) |
| Net                    change in line of credit                                                                                                                      |   |                                                                             | 11,494     |        |   | --         |   |                                                                 |   |   |   | 11,494 |   |
| Proceeds                    from notes payable                                                                                                                       |   |                                                                             | 320,000    |        |   | (250,000   | )      |                                                                 | i.     |   |   | 70,000 |   |
| Proceeds                    from notes payable - related parties                                                                                                     |   |                                                                             | 1,063,965  |        |   | (1,027,965 | )      |                                                                 | i.     |   |   | 36,000 |   |
| Principal                    payments on notes payable                                                                                                               |   |                                                                             | (16,102    | )           |   | --         |   |                                                                 |   |   |   | (16,102 | ) |
|                                                                                                                                                                 |   | $                                                                                | 1,464,638  |        |   | (1,277,965 | )      |                                                                 |   |   | $ | (188,468 | ) |
|                                                                                                                                                                 |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Schedule                    of non-cash operating, investing and financing activities                                                                                |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Issuance                    of common stock for accrued compensation                                                                                                 |   | $                                                                                | --         |        | $      | 268,346    |   |                                                                 | j.     |   | $ | 268,346 |   |
| Issuance                    of common stock for acquisition of Impart, Inc.                                                                                          |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Limelight                    Media Group, Inc. net assets                                                                                                            |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Inventory                                                                                                                                                            |   | $                                                                                | 1,240      |        | $      | --         |   |                                                                 |   |   | $ | 1,240 |   |
| Fixed                    assets                                                                                                                                      |   |                                                                             | 88,961     |        |   | --         |   |                                                                 |   |   |   | 88,961 |   |
| Other                    assets                                                                                                                                      |   |                                                                             | 13,700     |        |   | --         |   |                                                                 |   |   |   | 13,700 |   |
| Accounts                    payable                                                                                                                                  |   |                                                                             | (359,770   | )           |   | --         |   |                                                                 |   |   |   | (359,770 | ) |
| Accrued                    liabilities                                                                                                                               |   |                                                                             | (750       | )           |   | --         |   |                                                                 |   |   |   | (750 | ) |
| Due                    to related parties                                                                                                                            |   |                                                                             | (464,705   | )           |   | --         |   |                                                                 |   |   |   | (464,705 | ) |
| Notes                    payable                                                                                                                                     |   |                                                                             | (25,000    | )           |   | --         |   |                                                                 |   |   |   | (25,000 | ) |
| Convertible                    loan payable                                                                                                                          |   |                                                                             | (10,000    | )           |   | --         |   |                                                                 |   |   |   | (10,000 | ) |
| Other                    liabilities                                                                                                                                 |   |                                                                             | (30,699    | )           |   | (93,000    | )      |                                                                 | k.     |   |   | (123,699 | ) |
| Cash                    equivalent credit paid in common stock                                                                                                       |   |                                                                             | 125,000    |        |   | --         |   |                                                                 |   |   |   | 125,000 |   |
| Receivable                    related to issuance of common stock                                                                                                    |   |                                                                             | --         |        |   | 12,500     |   |                                                                 | l.     |   |   | 12,500 |   |
| Total                    non-cash consideration                                                                                                                      |   | $                                                                                | (662,023   | )           |   |       |   |                                                                 |   |   | $ | (742,523 | ) |
|                                                                                                                                                                 |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Non-cash                    consideration for fixed assets purchased in Ipoint                    Transaction                                                        |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Assumption                    of note payable                                                                                                                        |   | $                                                                                | --         |        | $      | 250,000    |   |                                                                 | i.     |   | $ | 250,000 |   |
| Assumption                    of other liability                                                                                                                     |   |                                                                             | --         |        |   | 262,500    |   |                                                                 | m.     |   |   | 262,500 |   |
| Issuance                    of common stock                                                                                                                          |   |                                                                             | 732,899    |        |   | (245,399   | )      |                                                                 | m.     |   |   | 487,500 |   |
| Total                    non-cash consideration                                                                                                                      |   | $                                                                                | 732,899    |        | $      | 267,101    |   |                                                                 |   |   | $ | 1,000,000 |   |
|                                                                                                                                                                 |   |                                                                             |       |        |   |       |   |                                                                 |   |   |   |   |   |
| Note                    payable - related parties assumed for acquisitions of assets                    from Media                    Sidestreet Support Corporation |   | $                                                                                | --         |        | $      | 1,027,965  |   |                                                                 | i.     |   | $ | 1,027,965 |   |

----

|   | i. | Represents                    1) an adjustment of $1,027,965 as discussed in b. above, with                    a decrease                    to cash used in the purchase of fixed assets and a reclassification                    of                    proceeds from notes payable - related parties for the same amount                    to the                    schedule of non-cash operating, investing and financing activities                    and 2)                    a reclassification of $250,000 from the purchase of fixed assets                    and                    proceeds from notes payable to the schedule of non-cash operating,                    investing, and financing                    activities. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j. | Represents                    the non-cash issuance of common stock in satisfaction of accrued                    compensation, as discussed in f.                    above. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k. | Represents                    the addition of a liability to Clickplay, Inc. as discussed in                    d.                    above. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | l. | Represents                    stock issued by Limelight Media Group, Inc. prior to the Impart                    Transaction as discussed in f.                    above. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m. | Represents                    the reclassification of additional paid-in capital to reflect                    an other                    liability for Ipoint Transaction related to the holdback shares                    as                    discussed in c. above. Additionally, the Company discovered an                    error of                    $17,101 as the original issuance in this section should have                    reflected the                    total $750,000 value as reflected in the statement of stockholders’                    deficit. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ITEM                  6. | EXHIBITS. |
|--------------------------|-----------|

----

SIGNATURES

| Dated:                  November 1, 2005 |   | LIMELIGHT                  MEDIA GROUP, INC.   |
|------------------------------------------|--------|------------------------------------------------|
|                                     |   |                                           |
|                                     | By:    | /s/                  David V. Lott             |
|                                     |   | David                  V. Lott                 |
|                                     |   | Chief                  Executive Officer       |
|                                     |   | (principal                  executive officer) |
|                                     |   |                                           |
|                                     | By:    | /s/                  Joseph Martinez           |
|                                     |   | Joseph                  Martinez               |
|                                     |   | Chief                  Financial Officer       |
|                                     |   | (principal                  financial officer) |

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**EXHIBIT        INDEX**

| 31.1 | Certification                  of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted                  pursuant                  to Section 302 of the Sarbanes-Oxley Act of                  2002. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Certification                  of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted                  pursuant                  to Section 302 of the Sarbanes-Oxley Act of                  2002. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification                  of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted                  pursuant                  to Section 906 of the Sarbanes-Oxley Act of                  2002. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | Certification                  of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted                  pursuant                  to Section 906 of the Sarbanes-Oxley Act of                  2002. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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