----

----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**FORM      10-QSB**

| (MARK                  ONE) |                                                                                                                              |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------|
| **x**                       | **QUARTERLY REPORT UNDER                  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                  1934** |
|                        | **For                  the quarterly period ended March 31,                  2007**                                     |
|                        |
| **OR**                      |
|                        |
| **o**                       | **TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT**            |
|                        | **For                  the transition period from  ______________ to                  ______________**                       |

**: 000-25385**

**PURCHASE      POINT MEDIA CORPORATION**

**(Exact      name of small business issuer as specified in its charter)**

| **Minnesota**                                                                                           | **41-1853993**                                                  |
|---------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
| (State                or other jurisdiction of  incorporation                or organization) | (IRS                Employer Identification                No.) |

**1100        Melville Street, Suite 320**

**Vancouver,        BC Canada V6E 4A6**

**(778)        786-1005**

**Persons          who are to respond to the collection of information contained in this form          are          not required **
**to          respond unless the form displays a currently valid OMB control          number.**

----

Table          of Contents

**PURCHASE      POINT MEDIA CORPORATION**

**INDEX**

|                                                                  |                                                                                                                                                                                                                               | Page                                    |
|-----------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Part                  I.  Financial                  Information |                                                                                                                                                                                                                               |
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Item                  1.                                         | Financial                Statements                                                                                                                                                                                                | 1                                       |
|                                                                  | Balance                  Sheets as of March 31, 2007 (unaudited) and June 30,                  2006                                                                                                                                | 2                                       |
|                                                                  | Statements                  of Operations for the Nine Months Ended March 31,                  2007 and 2006 (unaudited)and                  the Period June 28, 1996 (Date of Formation) through March                  31, 2007  | 3                                       |
|                                                                  | Statements                  of Stockholders' Deficiency for the Period June 28,                  1996 (Date of Formation) through March 31, 2007                                                                                   | 4                  -                  6 |
|                                                                  | Statements                  of Cash Flows for the Nine Months Ended March 31,                  2007 and 2006 (unaudited) and                  the Period June 28, 1996 (Date of Formation) through March                  31, 2007 | 7 -                  8             |
|                                                                  | Notes                  to Financial Statements                  (unaudited)                                                                                                                                                        | 9 -                  12            |
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Item                  2.                                              | Management's                  Discussion and Analysis or Plan of                  Operations                                                                                                                                       | 13                  - 16                |
| Item                  3.                                              | Quantitative                  and Qualitative Disclosures about Market Risk                  Fair Value of Financial Instruments                                                                                                   | 17                                      |
| Item                  4.                                              | Controls                  and Procedures                                                                                                                                                                                           | 17                                      |
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Part                  II.  Other                  Information    |                                                                                                                                                                                                                               |
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Item                  1.                                              | Legal                  Proceedings                                                                                                                                                                                                 | 17                                      |
| Item                  4.                                              | Submission                  of Matters to a Vote of Security                  Holders                                                                                                                                              | 17                                      |
| Item                  5                                               | Other                  Information                                                                                                                                                                                                 | 17                                      |
| Item                  6.                                              | Exhibits                  and Reports on Form 8-K                                                                                                                                                                                  | 17                                      |
|                                                                  |                                                                                                                                                                                                                               |                                    |
| Signatures                                                            | 18                                                                                                                                                                                                                                 |

----

Table          of Contents

**PART      I.**
**FINANCIAL      INFORMATION**

**Item      1. FinancialStatements**

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                                             | ** ** |
|---------------------------------------------------------------------------------------------------|------------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                | ** ** |
| **BALANCE                  SHEET**                                                                |       |
|                                                                                              |       |   |   |   |   |
| **ASSETS**                                                                                        |       |
|                                                                                              |       | **March                  31,** |   | **June                  30,** |   |
|                                                                                              |       | **2007** |   | **2006** |   |
| **Current                  Assets:**                                                              |       |   |   |   |   |   |   |
| Cash                                                                                              |       | $ | - |   | $ | - |   |
|                                                                                              |       |   |   |   |   |   |   |
| **Total                  Current Assets**                                                         |       |   | - |   |   | - |   |
|                                                                                              |       |   |   |   |   |   |   |
| Equipment-net                                                                                     |       |   | 1,768 |   |   | 740 |   |
|                                                                                              |       |   |   |   |   |   |   |
| Other                  Assets:                                                                    |       |   |   |   |   |   |   |
| Other                  intangibles - net                                                          |       |   | 8,783 |   |   | 9,804 |   |
|                                                                                              |       |   |   |   |   |   |   |
| **TOTAL                  ASSETS**                                                                 |       | $ | 10,551 |   | $ | 10,544 |   |
|                                                                                              |       |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' DEFICIENCY**                                     |       |
|                                                                                              |       |   |   |   |   |   |   |
| **Current                  Liabilities:**                                                         |       |   |   |   |   |   |   |
| Note                  payable to related party                                                    |       | $ | 872,721 |   | $ | 848,650 |   |
| Accrued                  interest payable - related parties                                       |       |   | 455,527 |   |   | 398,474 |   |
| Accounts                  payable - related parties                                               |       |   | 270,000 |   |   | 216,000 |   |
| Accounts                  payable                                                                 |       |   | 178,531 |   |   | 166,955 |   |
|                                                                                              |       |   |   |   |   |   |   |
| **Total                  Current Liabilities**                                                    |       |   | 1,776,779 |   |   | 1,630,079 |   |
|                                                                                              |       |   |   |   |   |   |   |
| Stockholders'                  Deficiency:                                                        |       |   |   |   |   |   |   |
| Preferred                  stock; no par value - authorized                  50,000,000 shares;   |       |   |   |   |   |   |   |
| outstanding                    2,000 shares, at redemption value                                  |       |   | 170 |   |   | 170 |   |
| Common                  stock, no par value - authorized                  100,000,000 shares;     |       |   |   |   |   |   |   |
| outstanding                  22,378,940                                                           |       |   | 1,815,983 |   |   | 1,815,983 |   |
| Additional                  paid-in capital                                                       |       |   | 137,576 |   |   | 133,528 |   |
| Deficit                    accumulated during development stage                                   |       |   | (3,719,957 | ) |   | (3,569,216 | ) |
|                                                                                              |       |   |   |   |   |   |   |
| **Total                  Stockholders' Deficiency**                                               |       |   | (1,766,228 | ) |   | (1,619,535 | ) |
|                                                                                              |       |   |   |   |   |   |   |
| **TOTAL                      LIABILITIES AND STOCKHOLDERS'                      DEFICIENCY** |       | $ | 10,551 |   | $ | 10,544 |   |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                            |   |
|----------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                               |   |
| **STATEMENTS                  OF OPERATIONS - UNAUDITED**                        |   |
| **FOR                  THE NINE AND THREE MONTHS ENDED MARCH 31, 2007 AND 2006** |   |
| **AND                  THE PERIOD JUNE 28, 1996 (DATE OF INCEPTION)**            |   |
| **TO                  MARCH 31, 2007**                                           |   |
|                                                                             |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                             |   | **For                  the Nine Months** |   | **For                  the Three Months** |   | **June                  28, 1996** |   |
|                                                                             |   | **Ended                  March 31,** |   | **Ended                  March 31,** |   | **to                  March 31,** |   |
|                                                                             |   | **2007** |   | **2006** |   | **2007** |   | **2006** |   | **2007** |   |
| **Costs                  and Expenses:**                                         |   |   |   |   |   |   |   |   |   |   |   |
| General                    and administrative expenses                           |   | $ | 92,344 |   |   | 121,904 |   | $ | 26,946 |   |   | 28,175 |   | $ | 2,645,709 |   |
| Depreciation                  and amortization                                   |   |   | 1,344 |   |   | 1,243 |   |   | 448 |   |   | 415 |   |   | 30,967 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  loss from operations**                                    |   |   | (93,688 | ) |   | (123,147 | ) |   | (27,394 | ) |   | (28,590 | ) |   | (2,676,676 | ) |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Other                  expenses:**                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  from theft                                                 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (354,477 | ) |
| Interest                                                                         |   |   | (57,053 | ) |   | (53,198 | ) |   | (19,557 | ) |   | (18,231 | ) |   | (688,804 | ) |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  loss**                                                    |   | $ | (150,741 | ) | $ | (176,345 | ) | $ | (46,951 | ) | $ | (46,821 | ) | $ | (3,719,957 | ) |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                    per common share – basic and diluted               |   | $ | (0.01 | ) | $ | (0.01 | ) | $ | - |   | $ | - |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                  oustanding shares                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (stated                  in '000)                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                            |   |   | 22,378 |   |   | 22,377 |   |   | 22,378 |   |   | 22,379 |   |   |   |   |
| Diluted                                                                          |   |   | 22,878 |   |   | 22,877 |   |   | 22,878 |   |   | 22,879 |   |   |   |   |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                                                    |   |
|----------------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                       |   |
| **STATEMENTS                  OF STOCKHOLDERS' DEFICIENCY**                                              |   |
| **JUNE                  28, 1996 THROUGH MARCH 31, 2007**                                                |   |
| **(Unaudited)**                                                                                          |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   | Common                  Stock |   | Additional |   | Retained |   |   |   |
|                                                                                                     |   | Preferred |   | Par |   |   |   | Stated |   | Paid-In |   | Earnings |   |   |   |
|                                                                                                     |   | Stock |   | Value |   | Shares |   | Value |   | Capital |   | (Deficit) |   | Total |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                        June 28, 1996 (Date of Formation)                                        |   |   | - |   | $ | - |   |   | - |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                      of common stock                      (at                      $.009 per share) |   |   | - |   |   | - |   |   | 1,175,000 |   |   | 10,000 |   |   | - |   |   | - |   |   | 10,000 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Four-for-one                  stock split                                                                |   |   | - |   |   | - |   |   | 3,525,000 |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                    of preferred stock                    for consulting                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| services                    (valued at $.09 per share)                                                   |   |   | 2,000 |   |   | 170 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 170 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                      loss for the period                      ended June 30, 1996                    |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (338,760 | ) |   | (338,760 | ) |

| Recapitalization                        for effect                        of reverse acquisition |   |   | -      |   |   | -      |   |   | 6,675,000 |   |   | 8,500   |   |   | -      |   |   | -        |   |   | 8,500    |   |
|--------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|-----------|--------|--------|---------|--------|--------|--------|--------|--------|----------|--------|--------|----------|--------|
|                                                                                             |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| Net                      loss for the year ended June 30, 1997                                   |   |   | -      |   |   | -      |   |   | -         |   |   | -       |   |   | -      |   |   | (99,350  | )      |   | (99,350  | )      |
|                                                                                             |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| Net                      loss for the year ended June 30, 1998                                   |   |   | -      |   |   | -      |   |   | -         |   |   | -       |   |   | -      |   |   | (142,719 | )      |   | (142,719 | )      |
|                                                                                             |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| Sale                      of common stock (at $7.00 per share)                                   |   |   | -      |   |   | -      |   |   | 34,571    |   |   | 241,997 |   |   | -      |   |   | -        |   |   | 241,997  |   |
|                                                                                             |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| Issuance                        of warrants for loan financing                                   |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| (issued                      at $.67 per share)                                                  |   |   | -      |   |   | -      |   |   | -         |   |   | -       |   |   | 23,104 |   |   | -        |   |   | 23,104   |   |
|                                                                                             |   |   |   |   |   |   |   |   |      |   |   |    |   |   |   |   |   |     |   |   |     |   |
| Net                      loss for the year ended June 30, 1999                                   |   |   | -      |   |   | -      |   |   | -         |   |   | -       |   |   | -      |   |   | (458,843 | )      |   | (458,843 | )      |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                                                             |   |
|-------------------------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                                |   |
| **STATEMENTS                  OF STOCKHOLDERS' DEFICIENCY**                                                       |   |
| **JUNE                  28, 1996 THROUGH MARCH 31, 2007 (Continued)**                                             |   |
| **(Unaudited)**                                                                                                   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   | **Common                  Stock** |   | **Additional** |   | **Retained** |   |   |   |
|                                                                                                              |   | **Preferred** |   | **Par** |   |   |   | **Stated** |   | **Paid-In** |   | **Earnings** |   |   |   |
|                                                                                                              |   | **Stock** |   | **Value** |   | **Shares** |   | **Value** |   | **Capital** |   | **(Deficit)** |   | **Total** |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                        of warrants for loan financing (issued at $ .08 per                        share) |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 83,738 |   |   | - |   |   | 83,738 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                    of common stock (at $1.00 per share)                                                      |   |   | - |   |   | - |   |   | 117,665 |   |   | 117,665 |   |   | - |   |   | - |   |   | 117,665 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                    of common stock (at $.50 per share)                                                       |   |   | - |   |   | - |   |   | 336,076 |   |   | 168,038 |   |   | - |   |   | - |   |   | 168,038 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    loss for the year ended June 30, 2000                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (483,493 | ) |   | (483,493 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                      of warrants for loan financing (issued at $.08 per                      share)      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 21,286 |   |   | - |   |   | 21,286 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                      of common stock (at $1.00 per share, net of issuance                      costs)        |   |   | - |   |   | - |   |   | 97,138 |   |   | 97,138 |   |   | - |   |   | - |   |   | 97,138 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    loss for the year ended June 30, 2001                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (282,592 | ) |   | (282,592 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                    of common stock (at $.05 per share)                                                       |   |   | - |   |   | - |   |   | 1,613,490 |   |   | 80,674 |   |   | - |   |   | - |   |   | 80,674 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Settlement                  of debt                                                                               |   |   | - |   |   | - |   |   | 3,500,000 |   |   | 402,021 |   |   | - |   |   | - |   |   | 402,021 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    loss for the year ended June 30, 2002                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (500,234 | ) |   | (500,234 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                    of common stock (at $.05 to $.10 per share)                                               |   |   | - |   |   | - |   |   | 650,000 |   |   | 39,000 |   |   | - |   |   | - |   |   | 39,000 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    loss for the year ended June 30, 2003                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (92,158 | ) |   | (92,158 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                    of common stock (at $.05 per share)                                                       |   |   | - |   |   | - |   |   | 1,360,000 |   |   | 68,000 |   |   | - |   |   | - |   |   | 68,000 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                      of common stock for services (at $.05 to $.10 per                      share)       |   |   | - |   |   | - |   |   | 595,000 |   |   | 29,950 |   |   | - |   |   | - |   |   | 29,950 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    loss for the year ended June 30, 2004                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (223,517 | ) |   | (223,517 | ) |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                           |   |
|---------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                              |   |
| **STATEMENTS                  OF STOCKHOLDERS' DEFICIENCY**                     |   |
| **JUNE                  28, 1996 THROUGH MARCH 31, 2007 (Continued)**           |   |
| **(Unaudited)**                                                                 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   | **Common                  Stock** |   | **Additional** |   | **Retained** |   |   |   |
|                                                                            |   | **Preferred** |   | **Par** |   |   |   | **Stated** |   | **Paid-In** |   | **Earnings** |   |   |   |
|                                                                            |   | **Stock** |   | **Value** |   | **Shares** |   | **Value** |   | **Capital** |   | **(Deficit)** |   | **Total** |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for costs of stock offering           |   |   | - |   |   | - |   |   | 1,000,000 |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for services at $.50 per share        |   |   | - |   |   | - |   |   | 400,000 |   |   | 200,000 |   |   | - |   |   | - |   |   | 200,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for payment of debt at $.50 per share |   |   | - |   |   | - |   |   | 190,000 |   |   | 95,000 |   |   | - |   |   | - |   |   | 95,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for at $.08 per share                 |   |   | - |   |   | - |   |   | 250,000 |   |   | 20,000 |   |   | - |   |   | - |   |   | 20,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for services at $.50 per share        |   |   | - |   |   | - |   |   | 410,000 |   |   | 205,000 |   |   | - |   |   | - |   |   | 205,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended June 30, 2005                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (710,702 | ) |   | (710,702 | ) |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                  at June 30, 2005                                       |   |   | 2,000 |   |   | 170 |   |   | 21,928,940 |   |   | 1,782,983 |   |   | 128,128 |   |   | (3,332,368 | ) |   | (1,421,087 | ) |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of common stock for expenses at $.06 per share        |   |   | - |   |   | - |   |   | 250,000 |   |   | 15,000 |   |   | - |   |   | - |   |   | 15,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                  of common stock for cash at $.09 per share                |   |   | - |   |   | - |   |   | 200,000 |   |   | 18,000 |   |   | - |   |   | - |   |   | 18,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Valuation                  of common stock options for expenses                 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 5,400 |   |   | - |   |   | 5,400 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended June 30, 2006                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (236,848 | ) |   | (236,848 | ) |
|                                                                            |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balance                  at June 30, 2006                                       |   |   | 2,000 |   |   | 170 |   |   | 22,378,940 |   |   | 1,815,983 |   |   | 133,528 |   |   | (3,569,216 | ) |   | (1,619,535 | ) |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Valuation                  of common stock options for expenses                 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 4,048 |   |   | - |   |   | 4,048 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the period ended March 31, 2007                   |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (150,741 | ) |   | (150,741 | ) |
|                                                                            |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balance                  at March 31, 2007                                      |   |   | 2,000 |   | $ | 170 |   |   | 22,378,940 |   | $ | 1,815,983 |   | $ | 137,576 |   | $ | (3,719,957 | ) | $ | (1,766,228 | ) |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                                         |   |
|-----------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                            |   |
| **STATEMENT                  OF CASH FLOWS - UNAUDITED**                                      |   |
| **FOR                  THE NINE MONTHS ENDED MARCH 31, 2007 AND 2006 AND**                    |   |
| **FOR                  THE PERIOD JUNE 28, 1996 (DATE OF INCEPTION) TO**                      |   |
| **MARCH                  31, 2007**                                                           |   |
|                                                                                          |   |   |   |   |   |   |   |
|                                                                                          |   |   |   |   |   | **June                  28,** |   |
|                                                                                          |   | **For                  the Nine Months Ended** |   | **1996                  to** |   |
|                                                                                          |   | **March                  31,** |   | **March                  31,** |   |
|                                                                                          |   | **2007** |   | **2006** |   | **2007** |   |
| **CASH                    FLOW FROM OPERATING ACTIVITIES:**                                   |   |   |   |   |   |   |   |
| Net                  loss                                                                     |   | $ | (150,741 | ) | $ | (176,345 | ) | $ | (3,719,957 | ) |
| Adjustments                  to reconcile net loss to net cash                                |   |   |   |   |   |   |   |   |   |   |
| used                  in operating activities:                                                |   |   |   |   |   |   |   |   |   |   |
| Depreciation                  and amortization                                                |   |   | 1,344 |   |   | 1,243 |   |   | 30,968 |   |
| Write-off                  of patent                                                          |   |   | - |   |   | - |   |   | 4,767 |   |
| Issuance                      of common and preferred stock for                      expenses |   |   | - |   |   | 15,000 |   |   | 478,620 |   |
| Issurance                  of warrants for financing                                          |   |   | - |   |   | - |   |   | 128,128 |   |
| Valuation                  of options for financing                                           |   |   | 4,048 |   |   | - |   |   | 9,448 |   |
| Changes                  in operating assets and liabilities:                                 |   |   |   |   |   |   |   |   |   |   |
| Increase                  in accounts payable                                                 |   |   | 122,630 |   |   | 127,655 |   |   | 1,412,355 |   |
| Net                  change in cash                                                           |   |   |   |   |   |   |   |   |   |   |
| Net                  change in cash from operations                                           |   |   | (22,719 | ) |   | (32,447 | ) |   | (1,655,671 | ) |
|                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **CASH                      FLOW FROM INVESTING ACTIVITIES:**                                 |   |   |   |   |   |   |   |   |   |   |
| Security                  deposit                                                             |   |   | - |   |   | - |   |   | (600 | ) |
| Acquisition                  of patents                                                       |   |   | - |   |   | - |   |   | (31,542 | ) |
| Purchase                  of equipment                                                        |   |   | (1,352 | ) |   | - |   |   | (14,145 | ) |
|                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |   | (1,352 | ) |   | - |   |   | (46,287 | ) |
|                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **CASH                    FLOW FROM FINANCING                    ACTIVITIES:**                |   |   |   |   |   |   |   |   |   |   |
| Proceeds                  from notes payable related party                                    |   |   | 24,129 |   |   | 14,538 |   |   | 861,605 |   |
| Payment                  to note payable related party                                        |   |   | (58 | ) |   | (91 | ) |   | (158 | ) |
| Proceeds                  from sale of common stock                                           |   |   | - |   |   | 18,000 |   |   | 840,511 |   |
|                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |   | 24,071 |   |   | 32,447 |   |   | 1,701,958 |   |

----

Table          of Contents

| **PURCHASE                  POINT MEDIA CORPORATION**                                             |   |
|---------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                |   |
| **STATEMENT                  OF CASH FLOWS - UNAUDITED**                                          |   |
| **FOR                  THE NINE AND THREE MONTHS ENDED MARCH 31, 2007 AND                  2006** |   |
| **AND                  FOR THE PERIOD JUNE 28, 1996 (DATE OF INCEPTION) TO**                      |   |
| **MARCH                  31, 2007**                                                               |   |
|                                                                                              |   |   |   |   |   |   |   |
|                                                                                              |   | **For                  the Nine Months** |   | **June                  28,** |   |
|                                                                                              |   | **Ended** |   | **1996                  to** |   |
|                                                                                              |   | **March                  31,** |   | **March                  31,** |   |
|                                                                                              |   | **2007** |   | **2006** |   | **2007** |   |
|                                                                                              |   |   |   |   |   |   |   |
| Net                  (decrease) increase in cash                                                  |   |   | - |   |   | - |   |   | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Cash                  - beginning of year                                                         |   |   | - |   |   | - |   |   | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Cash                  - end of year                                                               |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| NON                  CASH FLOWS FROM OPERATING ACTIVITIES:                                        |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of 2,000 preferred shares for services - 1996                           |   |   |   |   |   |   |   | $ | 170 |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of 595,000 common shares for services - 2004                            |   |   |   |   |   |   |   | $ | 29,950 |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of 810,000 common shares for services - 2005                            |   |   |   |   |   |   |   | $ | 405,000 |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of 250,000 common shares for services - 2006                            |   |   |   |   |   |   |   | $ | 15,000 |   |

----

Table          of Contents

**PURCHASE      POINT MEDIA CORPORATION**

**(DEVELOPMENT      STAGE COMPANY)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**MARCH      31, 2007**

| **1.  ** | **BASIS                  OF PRESENTATION AND ACCOUNTING                  POLICIES** |
|--------------------|-------------------------------------------------------------------------------------|

**BASIS      OF PRESENTATION**

**ORGANIZATION**

**SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES**

**ACCOUNTING      METHODS**

**DIVIDEND      POLICY**

**INCOME      TAXES**

----

Table          of Contents

**PURCHASE      POINT MEDIA CORPORATION**

**(DEVELOPMENT      STAGE COMPANY)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**MARCH      31, 2007**

**FOREIGN      CURRENCY TRANSLATION**

**BASIC      AND DILUTED NET INCOME (LOSS) PER SHARE**

**FINANCIAL      AND CONCENTRATION RISK**

**PROPERTY      AND EQUIPMENT**

|                                                |       | **March                  31,** | ** ** | **June                  30,** | ** ** |
|-----------------------------------------------------|------------|--------------------------------|------------|-------------------------------|------------|
| ** **                                          | ** ** | **2007**                       | ** ** | **2006**                      |       |
| Office                  and other equipment at cost |       | $                              | 4,901      |                          | $          | 3,549 |   |
| Less                  accumulated depreciation      |       |                           | 3,133      |                          |       | 2,809 |   |
|                                                |       | $                              | 1,768      |                          | $          | 740 |   |

----

Table          of Contents

**PURCHASE      POINT MEDIA CORPORATION**

**(DEVELOPMENT      STAGE COMPANY)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**MARCH      31, 2007**

**PATENTS**

|                                           |   | **March                  31,** |   | **June                  30,** |   |
|------------------------------------------------|--------|--------------------------------|--------|-------------------------------|--------|
|                                           |   | **2007**                       |   | **2006**                      |   |
| Patents                  at cost               |   | $                              | 23,743 |                          | $      | 23,743 |   |
| Less                  accumulated amortization |   |                           | 14,960 |                          |   | 13,939 |   |
|                                           |   | $                              | 8,783  |                          | $      | 9,804 |   |

**RESEARCH      AND DEVELOPMENT COSTS**

**REVENUE      RECOGNITION**

**ADVERTISING      AND MARKET DEVELOPMENT**

**EVALUATION      OF LONG-LIVED ASSETS**

**ESTIMATES      AND ASSUMPTIONS**

**FINANCIAL      INSTRUMENTS**

----

Table          of Contents

**PURCHASE      POINT MEDIA CORPORATION**

**(DEVELOPMENT      STAGE COMPANY)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**MARCH      31, 2007**

**RECENT      ACCOUNTING PRONOUNCEMENTS**

| **2.  ** | **CAPITAL                STOCK** |
|--------------------|----------------------------------|

| **3.  ** | **SIGNIFICANT                TRANSACTIONS WITH RELATED                PARTIES** |
|--------------------|---------------------------------------------------------------------------------|

| **4.  ** | **STOCK                OPTIONS** |
|--------------------|----------------------------------|

| **5.  ** | **GOING                CONCERN** |
|--------------------|----------------------------------|

| **6.  ** | **SUBSEQUENT                  EVENTS** |
|--------------------|----------------------------------------|

| a)   | On                April 24, 2007, PPMC entered into a Share Exchange Agreement with                the                stockholders of Power Sports Factors, Inc. (“PSF”), whereby the                stockholders of PSF shall exchange 100% of the shares of PSF for                a total                of 17,500,000 shares of common stock of PPMC, to be effective after                the                reverse split of the common stock of PPMC. After the completion of                the                share exchange as set forth in the Share Exchange Agreement, and                the                effectiveness of the reverse split, the total number of issued and                outstanding shares of PPMC shall be approximately 25,120,000 shares                of                common stock. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | On                April 30, 2007, the Board of Directors approved that the Company’s common                stock shall be reversed with the issuance of one (1) new share of                common                stock for each twenty (20) old shares of common                stock. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table          of Contents

**Item      2. Management’s Discussion and Analysis or Plan of      Operations **

**Overview**

*last*
*last*

*last*
*last*
*last*
*last*

*last*
*last*

*last*
*last*

**Marketing,      Sales and Operations**

*last*

**Radio      and TV **

----

Table          of Contents

**Shelf      talkers, Coupon dispensers **

**The      Point of Purchase (POP) Market**

----

Table          of Contents

**Competition**

*last*

**Patent**

**Production      and Manufacturing**

*last*

----

Table          of Contents

**Quarterly      Financial Statements:**

**Nine      Months March 31, 2007 Versus Nine Months Ended March 31,      2006**

**Three      Months March 31, 2007 Versus Three Months Ended March 31,      2006**

**Liquidity      **

**Critical      Accounting Issues **

**New      Financial Accounting Standards **

----

Table          of Contents

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk Fair Value of Financial Instruments**

**Item      4. Controls and Procedures **

| *(a)  * | *Disclosure                controls and procedures*.                As of the end of the Company's most recently completed fiscal quarter                (the                registrant's fourth fiscal quarter in the case of an annual report)                covered by this report, the Company carried out an evaluation, with                the                participation of the Company's management, including the Company's                Chief                Executive Officer and Chief Financial Officer, of the effectiveness                of the                Company's disclosure controls and procedures pursuant to Securities                Exchange Act Rule 13a-15. Based upon that evaluation, the Company's                Chief                Executive Officer and Chief Financial Officer concluded that the                Company's                disclosure controls and procedures are effective in ensuring that                information required to be disclosed by the Company in the reports                that it                files or submits under the Securities Exchange Act is recorded, processed,                summarized and reported, within the time periods specified in the                SEC's                rules and forms. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *(b)  * | *Changes                in internal controls over financial reporting.*                There have been no changes in the Company's internal controls over                financial reporting that occurred during the Company's last fiscal                quarter                to which this report relates that have materially affected, or are                reasonably likely to materially affect, the Company's internal control                over financial reporting. |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**PART      II - OTHER INFORMATION **

**Item      1. Legal proceedings **

**Item      4. Submission of matters to a vote of security      holders**

**Item      5. Other information**

**Item      6. Exhibits and Reports on Form 8-K**

----

Table          of Contents

**SIGNATURES**

|                                             |                                                                                                                             |                                                                                                                          |
|--------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|
|                                             | **PURCHASE              POINT MEDIA CORPORATION**                                                                                |
|                                        |                                                                                                                        |                                                                                                                     |
| Date: May              7,              2007 | By:                                                                                                                    | /s/ Albert              Folsom                |
|                                             | Albert Folsom                                                                                                                    |
|                                             | President,              Chief              Executive Officer,                Chief Financial Officer and                Director |

----

Table          of Contents

| Exhibit                31.1 | Certification                of the Chief Executive Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002. |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|                        |                                                                                                                                  |
| Exhibit                32.1 | Certification                of the Director pursuant to Section 302 of the Sarbanes-Oxley Act                of                2002. |

----

Table          of Contents