SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



For Quarter Ended March 31, 2000

Commission file Number 0-27777



                        BLAGMAN MEDIA INTERNATIONAL, INC.
                           (MNS Eagle Equity Group I)
          -------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    Nevada                                                      73-1129531
------------------                                          --------------------
(State or other                                              (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation
or organization)

       1901 Avenue of the Stars, Suite 1710, Los Angeles, California 90067
     ------------------------------------------------------ --------------
              (Address of principal executive offices) (Zip Code)

                                 (310) 788-5444
               --------------------------------------------------
               Registrant's telephone number, including area code


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  and  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 [  ]


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate  by check mark  whether  the  registrant  has filed all  documents  and
reports  required  to be filed by  Sections  12,  13 or 15(d) of the  Securities
Exchange Act of 1934 subsequent to the  distribution of securities  under a plan
confirmed by a court.      Yes [  ]   No [  ]   N/A  [ X ]


Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date:

          Common stock, par value $.001 per share
          12,069,873 outstanding shares as of March 31, 2000



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                         BLAGMAN MEDIA INTERNATIONAL, INC.
                           (MNS Eagle Equity Group I)

                                Table of Contents


PART I - FINANCIAL INFORMATION
                                                                       Page No.

Item 1. BLAGMAN MEDIA INTERNATIONAL, INC.                                 1

        Balance Sheet as of March 31, 2000
        Statement of Operations for the three
           months ended March 31, 2000 and 1999
        Consolidated Statement of Changes in Stockholders'
           Equity for the Three Months Ended March 31, 2000
        Statement of Cash Flows for the three months
           ended March 31, 2000 and 1999
        Notes to Financial Statements


Item 2. Management's Discussion and Analysis                               1


PART II - OTHER INFORMATION                                                3


Item 1. Legal Proceedings

Item 2. Changes in Securities

Item 3. Defaults upon Senior Securities

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

Item 5. Other Information

Item 6. Exhibits and Reports on Form 8-K




SIGNATURE PAGE                                                             4

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                          PART I. FINANCIAL INFORMATION

PART 1. FINANCIAL STATEMENTS

     The condensed  statements  of income,  balance  sheets,  statements of cash
flows and financial notes are included in the Blagman Media International,  Inc.
2000 first  quarter  interim  report.  This  report is included as Item 1 and is
incorporated herein by reference as Exhibit 1.

     The financial  information  referred to in the preceding paragraph is to be
     read in conjunction with the following additional financial note:

     The  condensed  balance  sheet  as of  March  31,  2000  and the  condensed
     statements  of income and the  condensed  statements  of cash flows for the
     three months ended March 31, 2000 and 1999 are unaudited.  However,  in the
     opinion of  management,  all material  adjustments  necessary  for the fair
     presentation of interim period results have been included.

     The results for the interim periods do not necessarily represent results to
be expected for the year.


PART 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

THREE MONTHS ENDED MARCH 31, 2000 COMPARED TO THREE MONTHS ENDED MARCH 31, 1999:

     The revenues of $424,714, Gross loss on revenues of $(37,866) and operating
expenses of $(346,107) which gave rise to a operating loss of $(383,973) for the
three months ended March 31, 2000. Other income (expense) is interest expense of
$3,127. The net (loss) for the above period was $(387,100).

     The three months  ended March 31, 1999 was mostly  inactive and the results
of operations were immaterial and do not give rise to a measure of comparability
to the three months ended March 31, 2000.

     The gross loss of  $(37,866)  on  revenues  of  $424,714  was the result of
purchased  media time  exceeding  revenue for the three  months  ended March 31,
2000.  Approximately  73% of the revenues for the period was from two customers.
Both  customers have contracts with the Company to share or split revenues based
upon the terms of the specific agreements. The shared fee arrangements were less
than the amount of purchased media time that the Company was obligated to pay.

     Operating expenses of $346,107 were incurred as follows:

          Officers compensation                               $  74,500
          Employer compensation & taxes                          39,081
          Travel and entertainment                               57,920
          Professional fees                                      91,854
                                                              ---------
                                                                263,355
          All other expenses                                     82,752
                                                              ---------
                                                              $ 346,107



     Travel and  entertainment  was spent on a combination  of  investigating  a
lease  for a New  York  City  office,  due  diligence  regarding  some  possible
acquisitions and developing new  relationships to expand revenues.  Professional
fees were to make the Company comply with the financial  reporting  requirements
of the Securities and Exchange Commission and the reverse acquisition of Unisat,
Inc. on August 2, 1999.




                                       1
<PAGE>

             FINANCIAL POSITION AND LIQUIDITY AND CAPITAL RESOURCES

     The Company's  working capital is  approximately  $242,000 and the ratio is
1.62 to 1 which shows the financial condition is reasonably liquid at this point
in time. Cash balance at March 31, 2000 was $457,000 or 72% of current assets.

     During  the first  quarter  ending  March  31,  2000 the  Company  received
approximately  $792,000 in cash for private  placement of its common stock under
Regulation  D;  Section  4(6) of the  Securities  Act of 1933  as  amended.  The
offering was for 1,250,000  shares totaling  $1,000,000.  The offering was fully
subscribed  and the balance of the common stock  subscription  is  approximately
$208,000. The offering price was at $.80 per common share.

     Cash  flows  from  operating  activities  was net cash used of  $(240,000).
Receivables increased cash flow approximately  $370,000 and payable reduced cash
flows  approximately  $(201,000).   Depreciation  was  about  $2,000  and  other
transactions  affecting cash flow were a reduction in cash flow from  operations
of approximately  $(24,000). The Company purchased $19,000 in equipment and cash
flows from financing  activities increased cash flows by a common stock issuance
of  $792,000 as  mentioned  earlier  and  repayment  of its credit line of about
$75,000. Cash paid for interest expense during the period was $4,000.

     The Company's  line of credit with a bank provides that it can borrow up to
$75,000 at 2% over prime.  The line matured on February 7,2000 and all principal
and interest due were paid.

     The  Company  has notes  and  loans  payable  of about  $130,000  at annual
interest  rates  ranging  from 6% on a $50,000 note payable to a $13,600 loan on
demand at 9.5%.  There is also a note  payable to a related  party due on demand
with no interest of $66,545.

     Capital requirements for capital expenditures are anticipated to be minimal
for the balance of the year.

     It is  anticipated  that revenues for the year 2000 improve for the balance
of the year  ending  December  31,  2000 even  through  the first  quarter on an
annualized basis was  substantially  below the revenues of $3,182,000  generated
for year ended  December 31, 2000.  The Company needs to stop its loss trend and
improves its  financial  position and liquidity in order to realize its business
plan of  growing  through  acquisition  by  exchanging  its common  stocks  with
potential acquisition candidates.






                                       2
<PAGE>

                           PART II. OTHER INFORMATION


ITEM 1: LEGAL PROCEEDINGS

     None

ITEM 2: CHANGES IN SECURITIES AND USE OF PROCEEDS

     None

ITEM 3: DEFAULTS UPON SENIOR SECURITIES

     None

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

     None

ITEM 5: OTHER INFORMATION

     None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     a) The following exhibits are included herein:

          (1) Financial statements at March 31, 2000.

     b) A report on Form 8-K was been filed by the Company on April 20, 2000.










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                                    SIGNATURE

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


                                  BLAGMAN MEDIA INTERNATIONAL, INC.
                                    (MNS Eagle Equity Group I)



Dated: May 23, 2000              By: /s/ Robert Blagman
                                       ----------------------------------------
                                         Robert Blagman
                                         President and Chief Executive Officer















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