<PAGE>

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934
      For the quarterly period ended SEPTEMBER 30, 2000

[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
      For the transition period from ___________________ to ____________________

                         Commission File No.: 000-27777

                       BLAGMAN MEDIA INTERNATIONAL, INC.
             (SUCCESSOR REGISTRANT TO MNS EAGLE EQUITY GROUP I INC.)
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)

            NEVADA                                              95-472-9314
-------------------------------                           ----------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                            Identification Number)

       1901 AVENUE OF THE STARS,
      SUITE 1710, LOS ANGELES, CA                                 90067
----------------------------------------                        ----------
(Address of Principal Executive Offices)                        (Zip Code)

       Registrant's telephone number, including area code: 310.788.5444
                                                           ------------

           Securities registered pursuant to Section 12(b) of the Act:

                                      NONE

           Securities registered pursuant to Section 12(G) of the Act:

                         COMMON STOCK --$.001 PAR VALUE

      Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  YES  X   NO
                                               ---     ---

      State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 19,583,373 SHARES OF COMMON
STOCK AS OF SEPTEMBER 30, 2000

      Transitional Small Business Disclosure Format (check one): YES     NO  X
                                                                     ---    ---

<PAGE>


                                      INDEX

                        BLAGMAN MEDIA INTERNATIONAL, INC.
<TABLE>
<CAPTION>
                                                                                                        PAGE
                                                                                                        ----
<S>                                                                                                     <C>
PART I.  FINANCIAL INFORMATION
         Item 1.  Financial Statements...............................................................     1

                  Consolidated Balance Sheet As Of
                  September 30, 2000 (Unaudited).....................................................     2

                  Consolidated Statements Of Operations
                  For The Nine Months And Three Months Ended
                  September 30, 2000 And 1999 (Unaudited)............................................     3

                  Consolidated Statement Of Changes In
                  Stockholders' Equity For The Nine Months Ended
                  September 30, 2000 (Unaudited).....................................................     4

                  Consolidated Statement Of Cash Flows
                  For The Nine Months Ended
                  September 30, 2000 And 1999 (Unaudited)............................................     5

                  Notes To Consolidated Financial Statements As Of
                  September 30, 2000 (Unaudited).....................................................     6

         Item 2.  Management's Discussion and Analysis of
                  Results of Operations..............................................................    15

PART 2.  OTHER INFORMATION

         Item 1.  Legal Proceedings..................................................................    19

         Item 2.  Changes in Securities and Use of Proceeds..........................................    19

         Item 3.  Default Upon Senior Securities.....................................................    19

         Item 4.  Submission of Matters to a Vote of Security Holders................................    20

         Item 5.  Other Information..................................................................    20

         Item 6.  Exhibits and Reports on Form 8-K...................................................    20
</TABLE>

                                       i

<PAGE>

ITEM 1.                 BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                        CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
   CONTENTS
<S>                <C>        <C>
     PAGE             2       CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2000 (UNAUDITED)

     PAGE             3       CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE NINE MONTHS AND THREE MONTHS ENDED
                              SEPTEMBER 30, 2000 AND 1999 (UNAUDITED)

     PAGE             4       CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE NINE MONTHS ENDED
                              SEPTEMBER 30, 2000 (UNAUDITED)

     PAGE             5       CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND
                              1999 (UNAUDITED)

     PAGES         6 - 14     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2000 (UNAUDITED)
</TABLE>



                                       1

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                            AS OF SEPTEMBER 30, 2000


<TABLE>
<CAPTION>
                                                                                  SEPTEMBER 30, 2000
                                                                                      (UNAUDITED)      DECEMBER 31, 1999
                                                                                  ------------------   -----------------
<S>                                                                               <C>                  <C>
                                         ASSETS
CURRENT ASSETS
   Cash                                                                              $     27,810       $          -
   Accounts receivable                                                                    297,278            479,054
   Other current assets                                                                    11,504              1,918
   Prepaid expenses                                                                        32,678                  -
   Note receivable - stockholder                                                           75,000                  -
   Loan receivable - stockholder                                                           43,948             38,948
                                                                                  ------------------   -----------------
     Total Current Assets                                                                 488,218            519,920

PROPERTY AND EQUIPMENT - NET                                                               75,564              6,942
                                                                                  ------------------   -----------------

TOTAL ASSETS                                                                         $    563,782       $    526,862
                                                                                  ==================   =================

                       LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
   Notes and loans payable - current portion                                         $     63,607       $     80,152
   Line of credit                                                                               -             74,713
   Accounts payable and accrued expenses                                                  319,909            460,587
                                                                                  ------------------   -----------------
     Total Current Liabilities                                                            383,516            615,452

LONG-TERM LIABILITIES
   Notes and loans payable                                                                      -             50,000
                                                                                  ------------------   -----------------

     Total Liabilities                                                                    383,516            665,452
                                                                                  ------------------   -----------------

STOCKHOLDERS' EQUITY (DEFICIENCY)
  Common stock, $.001 par value, 100,000,000 shares authorized,
     19,583,373 and 12,069,873 shares issued and outstanding                               19,582             12,070
   Additional paid-in capital                                                           4,496,676             24,630
   Accumulated deficit                                                                 (4,312,203)          (175,290)
                                                                                  ------------------   -----------------
                                                                                          204,055           (138,590)
Subscriptions receivable                                                                  (23,789)                 -
                                                                                  ------------------   -----------------

     Total Stockholders' Equity (Deficiency)                                              180,266           (138,590)
                                                                                  ------------------   -----------------


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)                              $    563,782       $    526,862
                                                                                  ==================   =================
</TABLE>

          See accompanying notes to consolidated financial statements.

                                       2
<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                         FOR THE NINE   FOR THE NINE   FOR THE THREE  FOR THE THREE
                                                                         MONTHS ENDED   MONTHS ENDED   MONTHS ENDED   MONTHS ENDED
                                                                         SEPTEMBER 30,  SEPTEMBER 30,  SEPTEMBER 30,  SEPTEMBER 30,
                                                                             2000           1999           2000           2000
                                                                         (UNAUDITED)    (UNAUDITED)    (UNAUDITED)    (UNAUDITED)
                                                                         ------------   ------------   ------------   ------------
<S>                                                                      <C>            <C>            <C>            <C>
REVENUES - NET                                                           $  1,403,136   $  1,998,538   $    454,494   $    648,710

COST OF REVENUES                                                            1,139,901      1,665,451        349,902        712,542
                                                                         ------------   ------------   ------------   ------------

GROSS PROFIT (LOSS)                                                           263,235        333,087        104,592        (63,832)
                                                                         ------------   ------------   ------------   ------------

OPERATING EXPENSES
   Officers' compensation                                                     909,920        109,286        109,920         24,060
   Employee compensation and taxes                                            159,728        172,556         36,630         74,879
   Travel and entertainment                                                   156,462              -         24,658              -
   Other general and administrative                                           157,826         18,004         55,720          7,356
   Professional and consulting fees                                         2,586,109         15,082      1,780,348          5,062
   Rent                                                                        61,206         23,630         22,962          7,089
   Telephone                                                                   21,366         12,643          5,890          4,716
   Advertising                                                                148,538              -         25,471              -
   Auto                                                                         8,583          6,841            223          2,225
   Depreciation                                                                 8,154              -          3,838              -
                                                                         ------------   ------------   ------------   ------------
     Total Operating Expenses                                               4,217,892        358,042      2,065,660        125,387
                                                                         ------------   ------------   ------------   ------------

LOSS FROM OPERATIONS                                                       (3,954,657)       (24,955)    (1,961,068)      (189,219)
                                                                         ------------   ------------   ------------   ------------

OTHER INCOME (EXPENSE)
   Subsidiary acquisition cost                                               (179,220)             -              -              -
   Interest expense                                                            (8,613)        (6,089)        (2,172)        (1,898)
   Interest income                                                              5,577          1,201          2,386            482
                                                                         ------------   ------------   ------------   ------------
     Total Other Income (Expense)                                            (182,256)        (4,888)           214         (1,416)
                                                                         ------------   ------------   ------------   ------------

NET (LOSS) INCOME                                                        $ (4,136,913)  $    (29,843)  $ (1,960,854)  $   (190,635)
                                                                         ============   ============   ============   ============

Net (loss) income per common share - basic and diluted                   $      (0.20)             -          (0.11)          0.02
                                                                         ============   ============   ============   ============

Weighted average number of common shares outstanding - basic and diluted   20,533,226      8,200,000     17,324,787      8,200,000
                                                                         ============   ============   ============   ============
</TABLE>
         See accompanying notes to consolidated financial statements.

                                       3

<PAGE>
              BLAGMAN MEDIA INTERNATIONAL, INC. AND SUBSIDIARIES
           CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                               (UNAUDITED)
<TABLE>
<CAPTION>
                                                                            ADDITIONAL
                                                       COMMON STOCK           PAID-IN     ACCUMULATED  SUBSCRIPTIONS
                                                   SHARES        AMOUNT       CAPITAL       DEFICIT      RECEIVABLE      TOTAL
                                                -----------   -----------   -----------   -----------   -----------   -----------
<S>                                             <C>           <C>           <C>           <C>           <C>           <C>
Balance, January 1, 2000                         12,069,873   $    12,070   $    24,630   $  (175,290)  $         -   $  (138,590)

Stock issued for cash and subscribed to           2,045,417         2,044     1,285,456             -       (15,334)    1,272,166

Stock issued for compensation and services        5,068,083         5,068     3,032,770             -             -     3,037,838

Stock issued for settlement of debt                 350,000           350        74,650             -        (8,455)       66,545

Stock issued in MNS Acquisition                      50,000            50        79,170             -             -        79,220

Net loss, September 30, 2000                              -             -             -    (4,136,913)            -    (4,136,913)
                                                -----------   -----------   -----------   -----------   -----------   -----------

BALANCE, SEPTEMBER 30, 2000                      19,583,373   $    19,582   $ 4,496,676   $(4,312,203)  $   (23,789)  $   180,266
                                                ===========   ===========   ===========   ===========   ===========   ===========
</TABLE>

         See accompanying notes to consolidated financial statements.

                                       4

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                  FOR THE NINE MONTHS        FOR THE NINE MONTHS
                                                                                ENDED SEPTEMBER 30, 2000   ENDED SEPTEMBER 30, 1999
                                                                                ------------------------   ------------------------
<S>                                                                             <C>                        <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net (Loss) Income                                                              $         (4,136,913)    $              (29,843)
  Adjustments to reconcile net (loss) income to net cash (used in)
      provided by operating activities:
   Depreciation                                                                                  8,154                          -
   Stock based acquisition cost of subsidiary                                                   79,220                          -
   Stock issued for compensation and services                                                3,037,838                          -
   Changes in operating assets and liabilities:
     (Increase) decrease in:
       Accounts receivable                                                                     181,776                     19,974
       Other current assets                                                                     (9,586)                         -
       Prepaid expenses                                                                        (32,678)                         -
       Loan receivable - stockholder                                                            (5,000)                     5,253
     Increase (Decrease) in:
       Accounts payable and accrued expenses                                                  (140,678)                   (40,249)
                                                                                  ----------------------   ------------------------
         Net cash (used in) provided by operating activities                                (1,017,867)                   (44,865)
                                                                                  ----------------------   ------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchase of property and equipment                                                          (76,776)                         -
   Note receivable stockholder                                                                 (75,000)                         -
                                                                                  ----------------------   ------------------------
         Net cash used in investing activities                                                (151,776)                         -
                                                                                  ----------------------   ------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from stock issuance                                                              1,287,500                          -
   Repayment of loans                                                                          (15,334)                    (3,760)
   Line of credit - net                                                                        (74,713)                     9,982
                                                                                  ----------------------   ------------------------
         Net cash provided by financing activities                                           1,197,453                      6,222
                                                                                  ----------------------   ------------------------

NET INCREASE (DECREASE) IN CASH                                                                 27,810                    (38,643)

CASH - BEGINNING OF PERIOD                                                                        -                        67,342
                                                                                  ----------------------   ------------------------

CASH - END OF PERIOD                                                              $             27,810     $               28,699
                                                                                  ======================   ========================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the period for - Interest                                        $              8,613     $                6,089
                                                                                  ======================   ========================
</TABLE>
         See accompanying notes to consolidated financial statements.

                                       5
<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


NOTE 1   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

      (A)   ORGANIZATION

      Blagman Media International, Inc. (the "Company") was formed on January
      29, 1999 upon incorporation from a sole proprietorship. The Company is a
      global direct response marketing and advertising agency that produces
      response-driven infomercials, and provides product placement, media
      buying, medical marketing, production and syndication of television
      programming, and other associated transactional media business pursuits.

      On August 2, 1999 one hundred percent of the issued and outstanding common
      stock of Blagman Media International, Inc. was acquired by Unisat, Inc. in
      a transaction accounted for as a recapitalization of Blagman Media
      International, Inc. Unisat, Inc. subsequently changed its name to Blagman
      Media International, Inc. (See Note 10)

      During the quarter ended September 30, 2000 the Company acquired one
      hundred percent of MNS Eagle Equity Group I, Inc., an inactive development
      stage company incorporated in Nevada. (See Note 10(B))

      (B)   BASIS OF PRESENTATION

      The accompanying unaudited financial statements have been prepared in
      accordance with generally accepted accounting principles and the rules and
      regulations of the Securities and Exchange Commission for interim
      financial information.

      (C)   PRINCIPLES OF CONSOLIDATION

      The accompanying consolidated financial statements include the accounts of
      the Company and its subsidiaries. All significant inter-company
      transactions and balances have been eliminated in consolidation.

      (D)   USE OF ESTIMATES

      In preparing financial statements in conformity with generally accepted
      accounting principles, management is required to make estimates and
      assumptions that affect the reported amounts of assets and liabilities and
      the disclosure of contingent assets and liabilities at the date of the
      financial statements and


                                       6

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


      revenues and expenses during the reported period. Actual results could
      differ from those estimates.

      (E)   CASH AND CASH EQUIVALENTS

      For purposes of the cash flow statements, the Company considers all highly
      liquid investments with original maturities of three months or less at the
      time of purchase to be cash equivalents.

      (F)   FAIR VALUE OF FINANCIAL INSTRUMENTS

      Statement of Financial Accounting Standards No. 107, "Disclosures about
      Fair Value of Financial Instruments", requires disclosures of information
      about the fair value of certain financial instruments for which it is
      practicable to estimate the value. For purposes of this disclosure, the
      fair value of a financial instrument is the amount at which the instrument
      could be exchanged in a current transaction between willing parties other
      than in a forced sale or liquidation.

      The carrying amounts of the Company's accounts receivable, loan
      receivable, accounts payable and accrued liabilities, and notes and loans
      payable, approximates fair value due to the relatively short period to
      maturity for these instruments.

      (G)   PROPERTY AND EQUIPMENT

      Property and equipment are stated at cost and depreciated, using
      accelerated methods over the estimated economic useful lives of 5 to 7
      years. Expenditures for maintenance and repairs are charged to expense as
      incurred. Major improvements are capitalized.

      (H)   REVENUE RECOGNITION

      The Company recognizes revenue from the sale of media time to advertising
      clients when the related advertisement is broadcasted. In addition, they
      earn commissions in connection with the procurement of media time on
      behalf of advertising clients. Such commissions are also considered earned
      when the underling advertisement is broadcasted. Additionally, the Company
      has entered into contractual agreements with other advertising firms to
      share revenues based upon the terms of the specific agreements. The income
      produced by these revenue-sharing contracts are recognized as media or
      commission income depending upon the nature of the income earned from the
      agreement.


                                       7

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


      (I)   INCOME TAXES

      The Company accounts for income taxes under the Financial Accounting
      Standards Board Statement of Financial Accounting Standards No. 109
      "Accounting for Income Taxes" ("Statement 109"). Under Statement 109,
      deferred tax assets and liabilities are recognized for the future tax
      consequences attributable to differences between the financial statement
      carrying amounts of existing assets and liabilities and their respective
      tax bases. Deferred tax assets and liabilities are measured using enacted
      tax rates expected to apply to taxable income in the years in which those
      temporary differences are expected to be recovered or settled. Under
      Statement 109, the effect on deferred tax assets and liabilities of a
      change in tax rates is recognized in income in the period that includes
      the enactment date.

      (J)   CONCENTRATION OF CREDIT RISK

      The Company maintains its cash in bank deposit accounts, which, at times,
      may exceed federally insured limits. The Company has not experienced any
      losses in such accounts and believes it is not exposed to any significant
      credit risk on cash and cash equivalents.

      (K)   EARNINGS (LOSS) PER SHARE

      Net income (loss) per common share for the nine months ended September 30,
      2000 is computed based upon the weighted average common shares outstanding
      as defined by Financial Accounting Standards No. 128, "Earnings Per
      Share".

      Common stock equivalents at September 30, 2000 have not been included in
      the computation of diluted earnings per share since the effect would be
      anti-dilutive.

      (L)   SEGMENT INFORMATION

      The Company follows Statement of Financial Accounting Standards No. 131
      "Disclosures about Segments of an Enterprise and Related Information."
      During the nine months ended September 30, 2000, the Company only operated
      in one segment therefore segment disclosure has not been presented.

      (M)   RECENT ACCOUNTING PRONOUNCEMENTS

      The Financial Accounting Standards Board has recently issued several new
      accounting pronouncements. Statement No. 133, "Accounting for Derivative
      Instruments and Hedging Activities", as amended by Statements No. 137 and
      138,


                                       8

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


      establishes accounting and reporting standards for derivative
      instruments and related contracts and hedging activities. This
      statement is effective for all fiscal quarters and fiscal years
      beginning after June 15, 2000. The Company believes that its adoption
      of pronouncement No. 133, as amended by No. 137 and 138, will not have
      a material effect on the Company's financial position or results of
      operations.

      (N)   STOCK OPTIONS

      In accordance with Statement of Financial Accounting Standards No. 123,
      "Accounting For Stock Based Compensation" ("SFAS 123"), the Company has
      elected to account for Stock Options issued to a loan guarantor in
      accordance with SFAS 123.

NOTE 2  NOTE AND LOAN RECEIVABLE - STOCKHOLDER


      The note receivable from stockholder is due on October 31, 2000 and bears
interest at 8% per annum.

      The loan receivable from stockholder is uncollateralized and non-interest
bearing.

NOTE 3  PROPERTY AND EQUIPMENT

      The following is a summary of property and equipment at September 30,
2000:

<TABLE>
<S>                                                                             <C>
                  Computer equipment                                            $        38,690
                  Furniture and fixtures                                                 51,831
                  Office equipment                                                       13,880
                  Leasehold improvements                                                  2,876
                                                                                   --------------
                                                                                        107,277
                  Less: Accumulated depreciation                                        (31,713)
                                                                                   --------------
                         Property and equipment - net                           $        75,564
                                                                                   ==============
</TABLE>

      Depreciation expense was $8,154 for the period ended September 30, 2000.


                                       9

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


NOTE 4  NOTES AND LOANS PAYABLE

      The following schedule reflects notes and loans payable at September 30,
2000:

                 Note payable, interest at 6% due March 31, 2001.  In addition,
                   the Company had provided an option to purchase up to 100,000
                   shares of common stock, at $0.25 per share, at any time until
                   September 1, 2000 (See Note 6).

<TABLE>
<S>                                                                                                <C>
                                                                                                   $         50,000

                 Loan payable, interest at 9.5%, due on demand.                                              13,607
                                                                                                      ---------------
                                                                                                             63,607
                 Less current portion                                                                        63,607
                                                                                                      ---------------

                 Notes and loans payable - non-current                                             $              -
                                                                                                      ===============

</TABLE>

NOTE 5  LINE OF CREDIT

      The Company had a line of credit agreement with a bank that provided that
      it could borrow up to $75,000 at 2% over Prime. The line matured on
      February 7, 2000 and all principal and interest due was paid.

NOTE 6  EQUITY

      (A)   COMMON STOCK ISSUANCE

      The Company issued 750,000 shares of common stock for cash totaling
      $112,500.

      The Company issued 3,813,083 shares of common stock for compensation,
      consulting, legal and other services having a fair value of $1,800,662
      based upon the per share fair value at the issuance date.

      The Company issued 350,000 shares of common stock for the settlement of a
      debt of $66,545 and a subscription receivable of $8,455.

      In connection with its acquisition of MNS Eagle, the Company issued 50,000
      shares of common stock having an aggregate fair value of $79,220. (See
      Note 10(B)).

      (B)   COMMON STOCK OFFERING

      On February 16, 2000, the Board of Directors agreed to offer up to
      1,250,000 shares of common stock, pursuant to Regulation D, Section 4(6)
      of the Securities


                                       10

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


      Act of 1933, as amended, at $0.80 per share. The offer was fully
      subscribed to by September 30, 2000 and $984,666 of the total
      subscription of $1,000,000 had been received.

      (C)   STOCK OPTIONS GRANTED UNDER LOAN GUARANTEE AGREEMENT

      For options issued in connection with a note (See Note 4), the Company
      applies SFAS 123. Accordingly, a loan fee of $16,000 was charged to
      operations in the year ended December 31, 1999.

      For financial statement disclosure purposes and for purposes of valuing
      stock options issued to new employees, the fair market value of each stock
      option granted estimated on the date of grant using the Black-Scholes
      Options-Pricing Model in accordance SFAS 123.

      As of September 30, 2000, the options issued under the loan guarantee
      agreement expired and were not exercised.

NOTE 7  COMMITMENTS AND CONTINGENCIES

      (A)   OPERATING LEASE

      On February 29, 2000, the Company entered into a new lease agreement for
      corporate offices. The lease term is for 37 months. The monthly base rent
      is $9,089 commencing March 1, 2000. Minimum annual rentals under this
      lease are as follows:

<TABLE>
<CAPTION>

                                       YEARS ENDING SEPTEMBER 30:             AMOUNT
                                      -----------------------------      -----------------
<S>                                                                      <C>
                                                  2001                $           109,068
                                                  2002                            109,068
                                                  2003                             63,623
</TABLE>

      (B)   CONSULTING AGREEMENTS

      On December 2, 1999, the Company originally entered into a six-month
      agreement with a consulting firm to provide management consulting,
      business advisory, shareholder information, and public relations advice.
      The agreement called for compensation based on proposed fees for services
      to be rendered. The Company is currently employing the same consulting
      firm on a month to month basis.

      On December 1, 1999, the Company entered into a five-year agreement with a
      consultant whereby the consultant was to provide advisory business
      services. The


                                       11

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)


      agreement called for the consultant to receive 25,000 shares of the
      Company's common stock upon execution of the agreement, and an
      additional 25,000 shares upon expiration of each quarter year during
      the first year term to an aggregate of 100,000 shares. None of the
      above shares were issued. On March 21, 2000, the parties entered into a
      settlement agreement and mutual release and the Company issued 50,000
      shares of common stock as consideration during the period ended
      September 30, 2000.

      (C)   LEGAL ACTIONS

      On April 1, 1999, a Nevada Corporation filed suit against the Company, its
      former Chairman of the Board and a former director in the Second Judicial
      District Court of the State of Nevada, in and for the County of Washoe. In
      the complaint, the plaintiff alleged intentional interference with
      contractual relations between the Company and a third party, intentional
      interference with prospective economic advantage, conspiracy, unfair
      business practices, breach of fiduciary duty, unjust enrichment,
      rescission of contract, incomplete accounting and permanent injunction. On
      February 7, 2000, the parties to the legal action stipulated that the
      alleged complaints in the lawsuit be dismissed without prejudice.

NOTE 8  CONCENTRATIONS

      Approximately 92% of revenues were derived from two customers for the
      period ended September 30, 2000. Approximately 81% of accounts receivable
      were due from three customers having balances an excess of 10% as of
      September 30, 2000.

NOTE 9  INCOME TAXES

      In 1998, the Company was a sole-proprietorship and the proprietor was
      responsible for all taxes personally.

      There was no income tax (benefit) for the nine months ended September 30,
      2000 as the Company incurred a loss.

      The tax effects of temporary differences that gave rise to significant
      proportions of deferred tax assets and liabilities at September 30, 2000
      are as follows:


                                       12

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                               AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

<TABLE>
<S>                                                                                <C>
                  Deferred tax assets:
                  Net operating loss carryforward                                  $       1,447,800
                                                                                      ----------------
                  Total gross deferred tax assets                                          1,447,800
                  Less valuation allowance                                                (1,447,800)
                                                                                      ----------------

                  Net deferred tax assets                                          $               -
                                                                                      ================
</TABLE>


      At September 30, 2000, the Company had a net operating loss carryforward
      of approximately $4,258,300 for U.S. Federal income tax purposes available
      to offset future taxable income expiring on various dates beginning in
      2016 through 2018.

      The valuation allowance at January 1, 2000 was $32,370. The net change in
      the valuation allowance during the period ended September 30, 2000 was an
      increase of approximately $1,415,430.

NOTE 10  BUSINESS COMBINATIONS

      (A)   ACQUISITION AND RECAPITALIZATION - UNISTAT, INC.

      Under a Stock Exchange Agreement (the "Agreement") consummated on August
      2, 1999, Unisat, Inc., ("Unisat"), a non-reporting public shell with no
      operations at that time, acquired one hundred percent of the issued and
      outstanding common stock (9,000,000 shares) of Blagman Media
      International, Inc. ("Blagman") in exchange for 8,200,000 shares of the
      $0.001 par value common stock of Unisat. As a result of the exchange, the
      Company became a wholly owned subsidiary of Unisat and the stockholders of
      Blagman become stockholders of approximately sixty-eight percent of
      Unisat. Generally Accepted Accounting Principles require that the Company
      whose shareholders retain a majority interest in a business combination be
      treated as the acquiror for accounting purposes. As a result, the exchange
      was treated as an acquisition of Unisat by Blagman, and a recapitalization
      of Blagman. The Company's consolidated financial statements immediately
      following the acquisition were as follows: (1) The Balance Sheet consists
      of Blagman's net assets at historical cost and Unisat's net assets at
      historical cost and (2) the Statement of Operations includes Blagman's
      operations for the period presented and Unisat's operations from the date
      of acquisition. The Company filed an amendment to its articles of
      incorporation to change its name from Unisat, Inc. to Blagman Media
      International, Inc.


                                       13

<PAGE>


                        BLAGMAN MEDIA INTERNATIONAL, INC.
                               AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

      (B)   STOCK EXCHANGE AGREEMENT

      Pursuant to a Stock Exchange Agreement (the "Exchange Agreement") dated as
      of April 20, 2000, as amended, between the Company and the shareholders of
      MNS Eagle Equity Group I, Inc. ("MNS"), a Nevada Corporation, 100% of the
      outstanding shares of common stock held by the MNS shareholders were
      exchanged for 50,000 shares of common stock of the Company having a fair
      value of $79,220 and $100,000 cash in a transaction in which the Company
      effectively became the parent corporation of MNS.

      The Exchange Agreement was adopted by the unanimous consent of the Board
      of Directors of the Company and MNS on April 20, 2000. No approval of the
      shareholders of either the Company or MNS is required under applicable
      state corporate law.

      At the date of the acquisition MNS Eagle was an inactive public shell
      corporation with no assets or liabilities. Therefore, the cost of
      acquiring MNS was not attributable to an intangible asset or goodwill, but
      was accounted for as a charge to operations and classified as an other
      deduction on the statement of operations in the account, subsidiary
      acquisition costs.

      (C)   ACQUISITION AND RECISION AGREEMENTS

      Under a Stock Exchange Agreement (the "Agreement) consummated in 2000, the
      Company was to acquire Mullinger Media & Communications, Ltd. ("MMC") in
      exchange for 600,000 shares of Series A Preferred Stock of the Company. As
      a result of the exchange, MMC would have become a wholly owned
      subsidiaries of the Company. Subsequent thereto, the Company rescinded
      this agreement for failure of consideration and other deficiencies.

NOTE 11  SUBSEQUENT EVENT

      On October 20, 2000 the Company executed a letter of intent to acquire a
      controlling equity interest in Tri-Gate Entertainment, Inc., a Bermuda
      corporation, ("Tri-Gate"). Under the terms of the letter of intent, the
      Company will initially acquire 51% of Tri-Gate in exchange for 1,900,000
      shares of the Company's restricted rule 144 common stock and would be
      granted an option to acquire the remaining 49% equity interest in
      Tri-Gate. In the event that a definitive acquisition agreement has not
      been executed and delivered by 90 days, either party may terminate the
      letter of intent without liability on the part of either party.


                                       14

<PAGE>


ITEM 2.                      MANAGEMENT'S DISCUSSION
                                       AND
                        ANALYSIS OF RESULTS OF OPERATIONS


GENERAL

      Blagman Media International, Inc. (the "Company") was incorporated on
January 29, 1999 as a successor to a sole proprietorship. The Company is a
global direct response marketing and advertising agency that produces
response-driven infomercials, and provides product placement, media buying,
medical marketing, production and syndication of television programming, and
other associated transactional media business products.

      Under a Stock Exchange Agreement (the "Agreement") consummated on August
2, 1999, Unisat, Inc., ("Unisat"), a non-reporting public entity with no
operations at that time, acquired one hundred percent of the issued and
outstanding common stock (9,000,000 shares) of the Company in exchange for
8,200,000 shares of the $0.001 par value common stock of Unisat. As a result of
the exchange, the Company became a wholly owned subsidiary of Unisat and the
stockholders of the Company become stockholders of approximately sixty-eight
percent of Unisat. Generally Accepted Accounting Principles require that the
entity whose shareholders retain a majority interest in a business combination
be treated as the acquiror for accounting purposes. As a result, the exchange
was treated as an acquisition of Unisat by the Company, and a recapitalization
of the Company.

      Pursuant to a Stock Exchange Agreement (the "Exchange Agreement") dated as
of April 20, 2000, as amended, between the Company and the shareholders of MNS
Eagle Equity Group I, Inc. ("MNS"), a Nevada corporation, 100% of the
outstanding shares of common stock held by the MNS shareholders were to be
exchanged for 50,000 shares of common stock of the Company having a fair value
of $79,220 and $100,000 cash in a transaction in which the Company effectively
became the parent corporation of MNS. At June 30, 2000, 89.9% of the shares had
been exchanged and the remainder were exchanged in July.

      On April 20, 2000, the Company filed an interim report on Form 8-K as
successor to MNS and assumed MNS' reporting status. The transition of the name
change of the Securities and Exchange Commission file from MNS to the Company is
currently in process.

RESULTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO THREE MONTHS ENDED SEPTEMBER
30, 1999

      Net Revenues (principally from advertising placements, commissions and
revenue sharing arrangements) for the three month period ended September 30,
2000 as compared to the same period in 1999 decreased from $648,710 to $454,494
(30%). The reduction was


                                       15

<PAGE>


principally the result of the loss of a major insurance company account,
which had accounted for advertising placements of more than $4,000,000 for
the Company, when that insurer was acquired by another insurer which then
ceased all advertising efforts. The acquisition occurred in late 1999 but the
change in advertising policy fully impacted the Company's revenues commencing
in the second quarter of 2000. The decrease in revenues between the two years
of $194,216 (30%) was not reflected in gross profits, which increased from a
loss of $63,832 in the third quarter of 1999 to a gross profit of $104,592 in
the third quarter of 2000, reflecting an increase of $168,424 (264%). The
gross profit margins reflect both the changes in revenues, since the nature
of the Company's business provides margins which tend to be proportionate to
its revenues, and the improved operating results because of efficiencies from
the use of computer tracking systems which began to be reflected during the
third quarter of 2000. For the comparable nine month periods in 2000 and
1999, gross profit was $263,235 in 2000 and $333,087 in 1999, representing a
$69,852 (21%) decrease. This decrease was also principally related to the
loss of the insurance client when it was acquired by another insurer.

      The decrease in revenues as well as a $1,940,273 (1547%) increase in total
operating expenses (consisting principally of the $1,800,622 in Non-Cash
Compensation described below) from $125,387 during the three months ended
September 30, 1999 to $2,065,660 for the three months ended September 30, 2000
resulted in a loss (before other expenses of $214) in 2000 of $1,961,068
compared to operating losses of $189,219 for the three month period in 1999 or a
1037% increase in operating losses. During the three months ended September 30,
2000, the Company issued 3,813,083 common shares as compensation for prior
services to various consultants and professionals. Under GAAP, the Company is
required to record these amounts as a compensation expense based on the market
price of the Company's shares on the date of issuance, even though no cash
payments were made. As a result, the Company recorded $1,800,662 in non cash
compensation, which has been reflected as a portion of both the Professional and
Consulting Fees and Other General and Administrative Expenses (collectively
"Non-Cash Compensation").

      The increase in operating costs also resulted from the Company's status
as a public entity which accounted for a $36,735 increase in cash
professional fees and a $74,588 aggregate increase in other cash general and
administrative expenses (partially offset by a decrease of $38,267 in travel
and similar costs) during the three month period ended September 30, 2000 as
compared to the same period in 1999. In addition, the Company experienced
aggregate increases from $103,655 to $152,448 (147%) in cash compensation to
officers and in other compensation related costs, rents, advertising and
related items, principally in connection with the expanded operating
requirements and the need for some additional operating staff since certain
executives were required to devote a substantial portion of their time to the
public aspects of the Company rather than to day-to-day sales and marketing
activities for the Company. The increases experienced over prior quarters
were partially offset by the increased use of the computer tracking system
and technology systems, by management's increased experience with public
company status which has allowed them to redirect more of their efforts to
day-to-day operating activities and the retention of professionals familiar
with public company requirements generally. Also, management believes that it
has now addressed the cumulative effects of the direct and indirect Non-Cash
Compensation and other equity


                                       16

<PAGE>


commitments and dilution matters which arose from the Unistat and NMS
transactions from the Company's early experiences as a public entity and from
deferrals of cash compensation by officers and consultants.

COST OF REVENUES

      Cost of revenues (principally consisting of media acquisition and
airtime costs) for the three months ended September 30, 2000 decreased from
$712,542 to $349,902 representing a decrease of $362,640 (51%) primarily due
to the impact of the loss of the large insurance company account, partially
offset by the improved efficiencies realized from the integration of the
computer tracking systems. As a general matter, the Company incurs media
costs in direct proportion to operating revenues and, therefore, the decrease
in costs was principally related to the decrease in advertising revenues. For
the nine months ended September 30, 2000, the cost of revenues decreased from
$1,665,451 to $1,339,901 representing a decrease of $525,550 (32%), again,
due primarily to the reduced media purchases because of the loss of the large
insurance company account.

GENERAL AND ADMINISTRATIVE EXPENSES

      Total general and administrative expenses increased from $125,389 to
$2,065,660 (1547%) for the three month period ended September 30, 2000 and
from $358,042 to $4,217,892 (1078%) for the nine months ended September 30,
1999 and 2000 respectively. The increase consisted principally of the
$1,800,662 of Non-Cash Compensation and the increase in cash professional
fees from $5,062 to $36,735 for the three months and $15,082 to $256,950 for
the nine months ended September 30, 1999 and 2000 respectively. Cash
expenditures increased in each category to accommodate the public company
requirements and the expanded staffing and overhead costs to accommodate the
public status and the sales and advertising personnel added when certain
executives shifted a portion of their efforts from sales and marketing to
public company matters, all of which were partially offset by the savings
from computer tracking and reduced travel and entertainment costs. The
Non-Cash Compensation amount which was reflected in this and the prior
quarter is not expected to be a recurring item in future periods because
obligations from the prior entities and other commitments have generally been
satisfied. The Company anticipates that the other increases will moderate in
future periods as management gains experience overseeing a publicly held
enterprise and is able to manage and predict those costs and needs more
effectively.

INTEREST EXPENSE AND OUTSTANDING LOANS

      Interest expense in the three month periods was not a significant item and
increased from $1,898 to $2,172 (14%). In the nine month period ended September
30, 2000, the interest expense increased from $6,089 to $8,613 (41%) from the
same period in 1999. Since the Company records revenues as received and
generally commits to time expenditures only when there is assurance of payment
from its clients, interest costs and advertising revenue adjustments are small.
At September 30, 2000, the Company had loans of $128,948 due from shareholders


                                       17

<PAGE>


who have deferred salary and have received certain short term advances, and
taken advances from the Company, all or a portion of which is expected to be
converted to compensation expense when employment agreements are finalized.

LIQUIDITY AND CAPITAL RESOURCES

      For the nine months ended September 30, 2000, compared to December 31,
1999, the Company's available cash increased by $27,810, but was offset by a
decrease in accounts receivable from $479,054 to $297,278 resulting in a
decrease in current assets from $519,920 to $488,218 (6%) from December 31,
1999 until September 30, 2000. However, the accounts payable at September 30,
2000 was $319,909 compared to $460,587 at December 31, 1999, a 31% decrease.
Those shifts in accounts receivable and accounts payable were the result of
the impact of the loss of the large insurance company account, the initial
impact from new accounts and improved internal controls. Management
anticipates that additional accounts now being acquired by the Company will
replace all, or a substantial portion, of the lost revenues from the
insurance account and that a significant portion of those revenues will be
recognized during the balance of 2000, but there is no assurance that the
Company will be successful in fully offsetting the lost account.

      During the nine months ended September 30, 2000, the Company issued
7,513,500 common shares of which 2,045,417 were issued for new capital,
50,000 were issued in connection with the MNS transaction and 5,418,083
common shares were issued as Non-Cash Compensation. These transactions
resulted in 19,583,373 common shares outstanding at September 30, 2000.
During the first nine months of 2000, the Company received additional paid-in
capital of $1,285,456, consisting of the cash proceeds of the sale of
additional common shares. These funds, along with the Non-Cash Compensation
and the MNS transaction, resulted in a total shareholders equity of $180,266
at September 30, 2000 compared to a deficit of $138,590 at December 31, 1999.
The additional capital was applied to meet working capital requirements.

      Management is currently pursuing various initiatives to expand the
Company's operations internally and through strategic alliances or acquisitions
with other industry partners. These endeavors will require additional capital
funding which the Company hopes to raise through debt or equity financing
arrangements, if appropriate financing is available, on reasonable and accepted
terms.

      The Company intends to continue to seek additional working capital to meet
its operating requirements and to provide further capital for expansion,
acquisitions or strategic alliances with businesses that are complementary to
the Company's long term business objectives. While the Company believes that
additional capital will be needed to maintain the growth plans of the Company,
management believes that the working capital now available to it along with
funds generated from operations will be sufficient to meet capital requirements
for the next 12 months even if substantial additional working capital does not
become available.


                                       18

<PAGE>


NEW ACCOUNTING PRONOUNCEMENTS

      The Financial Accounting Standards Board has adopted several notices with
regard to the treatment of interim financial statements. These issues are
presented in the Company's interim financial statements. As discussed in the
notes to the interim financial statements, the implementation of these new
pronouncements is not expected to have a material effect on the financial
statements.

YEAR 2000 STATEMENT

      The Company has verified that all internal software used in the operations
of the Company and related developments are Year 2000 compliant. The Company
sees no risk at this time pertaining to Year 2000, and internal company
operations.

FORWARD-LOOKING STATEMENTS

      Safe Harbor statement under the Private Securities Litigation Reform Act
of 1995: Except for historical information contained herein, the matters
discussed in this filing are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive, governmental
and technological factors affecting the Company's operations, markets, products
and prices and other factors discussed in the Company's various filings with the
Securities and Exchange Commission.

PART 2.  OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

      Not applicable.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

      During the three months ended September 30, 2000, the Company issued
4,918,116 common shares of which 33 constituted the balance of 50,000 shares
issued in connection with the MNS transaction and 3,813,083 common shares
were issued as Non-Cash Compensation as described in Part 1. During the nine
months ended September 30, 2000, the Company received additional paid-in
capital of $1,285,486, consisting of the cash proceeds of the sale of
additional common shares. These funds, along with the Non-Cash Compensation
and the MNS transaction, resulted in a total shareholders equity of $180,266
at September 30, 2000 compared to a deficit of $138,590 at December 31, 1999.
The additional capital was applied to meet working capital requirements.

ITEM 3.  DEFAULT UPON SENIOR SECURITIES

      Not applicable.


                                       19

<PAGE>


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      Not applicable.

ITEM 5.  OTHER INFORMATION



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)   Exhibits
               None
         (b)   Reports on Form 8-K
               None


SIGNATURES

      Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Issuer has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                            BLAGMAN MEDIA INTERNATIONAL, INC.



Dated:   November 11, 2000                   /s/ Robert Blagman
                                            -----------------------------------
                                             Robert Blagman, President





                                       20