UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

[X]  Quarterly Report Pursuant To Section 13 or 15(d) of The Securities Exchange
     Act Of 1934

                  For the quarterly period ended June 30, 2011

[ ]  Transition  Report Under Section 13 or 15(d) of The  Securities  Exchange
     Act Of 1934

             For the transition period from __________ to __________

                        Commission File Number: 000-53316

                               IMAGINE MEDIA, LTD.
             (Exact name of registrant as specified in its charter)

          Delaware                                   26-0731818
    -------------------------------           -------------------------
 (State or other jurisdiction                      (I.R.S. Employer
     of incorporation or                          Identification No.)
        organization)

                           7750 N. Union Blvd., # 201
                           Colorado Springs, CO 80920
                       ----------------------------------
          (Address of principal executive offices, including Zip Code)


                                  719-266-4554
                          ----------------------------
                (Issuer's telephone number, including area code)

          (Former name or former address if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes ??[x] No ??

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Web site, if any, every  Interactive  Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). Yes [ ] No [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a small reporting  company.  See
the   definitions   of   "large   accelerated   filer,"   "accelerated   filer,"
"non-accelerated  filer," and "smaller  reporting  company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer    [ ]              Accelerated filer           [ ]
Non-accelerated filer      [ ]              Smaller reporting company   [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). 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:  1,410,650 shares of common stock as
of August 10, 2011.


<PAGE>

                       Imagine Media, Ltd. And Subsidiary

                   CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

                           Quarter Ended June 30, 2011


<PAGE>




                       Imagine Media, Ltd. And Subsidiary
                   Consolidated Condensed Financial Statements
                                   (Unaudited)


                                TABLE OF CONTENTS


                                                                   Page
                                                                   ----

CONSOLIDATED FINANCIAL STATEMENTS

      Consolidated, condensed balance sheets                         1
      Consolidated, condensed statements of operations               2
      Consolidated, condensed statement of shareholders' deficit     3
      Consolidated, condensed statements of cash flows               4
      Notes to consolidated, condensed financial statements        5-9



<PAGE>


                       Imagine Media, Ltd. and Subsidiary
                     Consolidated, Condensed Balance Sheets

                                                                    December 31,
                                                                        2010
                                                                   (Derived from
                                                        June 30,       audited
                                                          2011        financial
                                                       (unaudited)   statements)
                                                       -----------  ------------

                       Assets
Current assets:
   Cash and cash equivalents                           $    37      $     83
                                                       -----------  ------------
         Total current assets                                37           83
                                                       -----------  ------------
      Total assets                                     $     37     $     83
                                                       ===========  ============

   Liabilities and Shareholders' Equity (Deficit)
Current liabilities:
    Accounts payable:
      Trade creditors                                  $112,138     $101,555
      Related party                                      3,000         3,000
    Short term advance                                  17,300        17,300
    Indebtedness to related parties                     39,485        39,440
    Convertible debenture                               30,000        30,000
    Accrued interest payable                             9,300         7,500
    Other accrued expenses                               3,082         3,082
                                                       -----------  ------------
      Total current liabilities                        214,305       201,877
                                                       -----------  ------------

Commitments                                                  -             -

Shareholders' deficit
    Common stock , $.00001 par value.
     Authorized 100,000,000 shares,
     1,410,650 shares issued and
     outstanding                                            14            14
    Additional paid-in capital                         487,276       487,276
    Retained deficit                                  (701,558)     (689,084)
                                                       -----------  ------------
      Total shareholders' deficit                     (214,268)     (201,794)
                                                       -----------  ------------
      Total liabilities and shareholders'
       deficit                                         $    37      $     83
                                                       ===========  ============

         See accompanying notes to the consolidated, condensed financial
                                  statements.


                                       1
<PAGE>

                       Imagine Media, Ltd. and Subsidiary
                      Consolidated, Condensed Statements of Operations
                                   (unaudited)

                                                         For the Three Months
                                                            Ended June 30,
                                                         2011           2010
                                                     ------------   -----------

Net sales and gross revenues:
   Advertising sales, net of discount of $0,
      and $0, respectively                                      -             -
                                                     ------------   -----------
      Total sales and revenues                                  -             -
                                                     ------------   -----------
Operating expenses:
   Editorial, production and circulation                        -             -
   Selling, general and administrative                      2,638         9,300
                                                     ------------   -----------
      Total operating expenses                              2,638         9,300
                                                     ------------   -----------
      Loss from operations                                 (2,638)       (9,300)

Other income (expense):
   Interest expense                                          (941)         (900)
                                                     ------------   -----------
      Loss before income taxes                             (3,579)      (10,200)

   Income tax provision                                         -             -
                                                     ------------   -----------
      Net loss                                        $    (3,579)   $  (10,200)
                                                     ============   ===========
Basic and diluted loss per share                      $     (0.00)   $    (0.01)
                                                     ============   ===========
Weighted average common shares outstanding              1,410,650     1,405,650
                                                     ============   ===========

                                                          For the Six Months
                                                            Ended June 30,
                                                         2011           2010
                                                     ------------   -----------
Net sales and gross revenues:
   Advertising sales, net of discount
   of $0, and $0, respectively                                  -             -
                                                     ------------   -----------
      Total sales and revenues                                  -             -
                                                     ------------   -----------
Operating expenses:
   Editorial, production and circulation                        -             -
   Selling, general and administrative                     10,634        20,274
                                                     ------------   -----------
      Total operating expenses                             10,634        20,274
                                                     ------------   -----------
      Loss from operations                                (10,634)      (20,274)

Other income (expense):
   Interest expense                                        (1,841)      (1,800)
                                                     ------------   -----------
      Loss before income taxes                            (12,475)      (22,074)
   Income tax provision                                         -            -
                                                     ------------   -----------
      Net loss                                       $    (12,475)  $   (22,074)
                                                     ============   ===========
Basic and diluted loss per share                     $      (0.01)  $     (0.02)
                                                     ============   ===========
Weighted average common shares outstanding              1,410,650     1,405,650
                                                     ============   ===========


         See accompanying notes to the consolidated, condensed financial
                                  statements.

                                       2
<PAGE>


                       Imagine Media, Ltd. and Subsidiary
      Consolidated, Condensed Statement of Changes in Shareholders' Deficit
                                   (Unaudited)

<TABLE>
<S>                                                <C>            <C>               <C>                 <C>            <C>

                                                    Common Stock
                                            ------------------------------  Additional Paid-in      Retained
                                                Shares        Par Value           Capital            Deficit          Total
                                            ---------------  -------------  --------------------  -------------  ---------------
Balance at December 31, 2008                                     $     11         $     392,779    $  (541,052)    $   (148,262)
                                                 1,122,650

Conversions of accounts payable to common          104,000              1                25,999              -           26,000
 stock
Conversions of short term advances and             111,400              1                27,849              -           27,850
 accrued interest to common stock
Conversions of indebtedness to related
 parties to common stock                            42,600              1                10,649              -           10,650
Net loss                                                 -              -                     -        (77,705)         (77,705)
                                            ---------------  -------------  --------------------  -------------  ---------------
Balance at December 31, 2009                     1,380,650             14               457,276       (618,756)        (161,466)
Conversions of indebtedness to related
 parties to common stock (Note 3)                   30,000              -                30,000              -           30,000
Net loss                                                 -              -                     -        (70,327)         (70,327)
                                            ---------------  -------------  --------------------  -------------  ---------------
Balance at December 31, 2010                     1,410,650       $     14         $     487,276    $  (689,083)    $   (201,793)
                                            ===============  =============  ====================  =============  ===============
Net loss                                                 -              -                     -        (12,475)         (12,475)
                                            ---------------  -------------  --------------------  -------------  ---------------
Balance at June 30, 2011                         1,410,650       $     14         $     487,276    $  (701,558)    $   (214,268)
                                            ===============  =============  ====================  =============  ===============

</TABLE>


         See accompanying notes to the consolidated, condensed financial
                                  statements.

                                       3
<PAGE>

                       Imagine Media, Ltd. and Subsidiary
                Consolidated, Condensed Statements of Cash Flows
                                   (unaudited)

                                                         For the Six Months
                                                            Ended June 30,
                                                         2011           2010
                                                     ------------   -----------

Cash flows from operating activities:
 Net loss                                            $   (12,475)   $   (22,074)
 Adjustments to reconcile net loss to net cash
  used by operating activities:
    Stock issued to Directors' in exchange for
     services                                                  -
    Changes in assets and liabilities:
      Receivables                                              -              -
      Other assets                                             -              -
      Accounts payable                                    10,583          1,960
      Accrued expenses                                     1,800          1,800
                                                     ------------   -----------
       Net cash used in operating activities                 (92)       (18,314)
                                                     ------------   -----------
Cash flows from financing activities:
   Proceeds from sale of common stock                          -              -
   Proceeds from related party short term advances             -          6,990
   Repayments on related party short term advances             -              -
   Proceeds from other short term advances                    45         11,300
   Repayments on other short term advances                     -              -
                                                     ------------   -----------
       Net cash provided by financing
        activities                                            45         18,290
                                                     ------------   -----------
       Net change in cash and cash equivalents               (47)           (24)
Cash and equivalents:
   Beginning of period                                        83             94
                                                     ------------   -----------
   End of period                                     $        37    $        70
                                                     ============   ===========

Supplemental disclosure of cash flow information:
  Cash paid during the year for:
      Income taxes                                   $         -    $         -
                                                     ============   ===========
      Interest                                       $         -    $         -
                                                     ============   ===========

Supplemental disclosure of non-cash financing
 activities:
   Stock issued as payment of liability for
    services performed during 2009                             -    $    30,000
                                                     ============   ===========

         See accompanying notes to the consolidated, condensed financial
                                  statements.

                                       4
<PAGE>


                               IMAGINE MEDIA, LTD.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


(1) Unaudited Financial Information

The accompanying  unaudited,  consolidated,  condensed  financial  statements of
Imagine Media,  Ltd. (the  "Company")  have been prepared in accordance with the
instructions  to quarterly  reports on Form 10-Q. In the opinion of  management,
all adjustments (which include only normal recurring  adjustments)  necessary to
present  fairly the financial  position,  results of  operations  and changes in
financial  position at June 30, 2011, and for all periods  presented,  have been
made. Certain information and footnote data necessary for a fair presentation of
financial  position and results of  operations  in  conformity  with  accounting
principles  generally  accepted  in the  United  States  of  America  have  been
condensed or omitted. It is therefore suggested that these financial  statements
be read in conjunction with the summary of significant  accounting  policies and
notes to financial  statements  included in the Company's  Annual Report on Form
10-K filed with the Securities and Exchange  Commission (the "SEC") for the year
ended December 31, 2010. The results of operations for the period ended June 30,
2011 are not necessarily an indication of operating results for the full year.

(2)   Going Concern

As shown in the  accompanying  financial  statements,  the Company has  incurred
operating losses and, at June 30, 2011, had both a working capital deficit and a
net capital  deficiency  of  $(214,268).  These  factors may  indicate  that the
Company will be unable to continue as a going concern.

The  Company's  ability to continue  as a going  concern is  dependent  upon its
ability to generate  sufficient cash flow to meet  obligations on a timely basis
and  ultimately to attain  profitability.  To do this, the Company is seeking to
acquire another business which, as of June 30, 2011, had not occurred.  However,
management  plans, in the near-term,  to (1)  restructure  debt and (2) increase
ownership equity in order to increase working capital.  There is, of course,  no
assurance that  management  will be successful in those  efforts.  The Company's
financial  statements do not include any adjustments  that might result from the
outcome of this uncertainty.

In their  report  on the  Company's  financial  statements  for the  year  ended
December 31, 2010,  the Company's  independent  auditors  expressed  substantial
doubt as to the Company's ability to continue as a going concern.


(3)  Related Party Transactions

On February 10, 2010 the Company's board of directors authorized the issuance of
10,000  shares to each of the  Company's  three  directors  for  services to the
Company  during  2009.  The shares were valued at $1.00 per share  resulting  in
total  compensation  expense  of  $30,000,  which was  recorded  as stock  based
compensation for the year ended December 31, 2009.

                                       5
<PAGE>


                               IMAGINE MEDIA, LTD.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

Indebtedness to related parties

During  the  year  ended  December  31,  2008,  an  affiliate  controlled  by  a
shareholder advanced $16,000 to the Company for working capital purposes.  As of
December  31,  2008 the  Company  had  repaid a total of  $4,000  of these  cash
advances.  In addition,  the affiliate  made a direct  advance to the Company of
$650,  which remained unpaid at December 31, 2008. On March 1, 2009,  $10,650 of
the  advances  was  converted  to 42,600  shares of common stock at a conversion
price of $.25 per share,  the fair value of the stock on the conversion date. At
June 30, 2011, $2,000 of the working capital advance was unpaid.

During the years ended  December 31, 2010 and 2009, a  shareholder  advanced the
Company  $4,740 and $7,100,  respectively.  At June 30, 2011, the entire $11,840
balance remained unpaid.

During the years ended  December 31, 2010 and 2009, a  shareholder  advanced the
Company  $100 and $8,000,  respectively.  At June 30,  2011,  the entire  $8,100
balance remained unpaid.

During the years ended December 31, 2010 and 2009, an affiliate  controlled by a
shareholder  advanced the Company $2,500 and $3,000,  respectively.  At June 30,
2011, the entire $5,500 balance remained unpaid.

In June 2009, an affiliate  controlled  by a shareholder  advanced the Company a
total of $12,000, which remained unpaid at June 30, 2011.

None of the advances earn interest and are payable to the holder on demand.

 (4)  Convertible Debenture and Short term advances

On October 1, 2008 the Company issued an 8% Convertible Debenture to an attorney
in exchange for $30,000 owed to the attorney for prior  services.  The Debenture
is  convertible  by the holder into shares of the  company's  common  stock at a
conversion price of $0.25. The debenture  matured April 1, 2009. Upon default of
the debenture,  the default  interest rate of 12% was effective.  As of June 30,
2011 the debenture,  together with $9,300 of accrued interest,  had neither been
converted nor paid.

During the year ended  December  31, 2008 the Company  received  $15,000  from a
non-affiliate  as a short  term  advance.  During  the first  quarter of 2009 an
additional $150 was advanced to the Company by the same non-affiliate.  On March
1,  2009  the  total of  $15,150  together  with  accrued  interest  of $200 was
converted to 61,400  shares of common  stock at a  conversion  price of $.25 per
share, the fair value of the stock on the conversion date. During the year ended
December 31, 2009, this non-affiliate  advanced the Company an additional $6,000
to be used for working  capital  purposes.  During the year ended  December  31,
2010, the non-affiliate  advanced another $11,300 to the Company. As of June 30,
2011 the $17,300 payable to the non-affiliate was due on demand.

                                       6
<PAGE>

                               IMAGINE MEDIA, LTD.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

(5)  Equity

Common stock

On February  10, 2010  Directors'  were issued  30,000  shares of the  Company's
common stock valued at $1.00 per share or $30,000.


(6)  Trademark Contingency

The Company has learned  that a third  party in Orange  County,  CA  publishes a
regional  magazine  under  the  name  "Image  Magazine."  The  publisher  of the
California-based  Image Magazine has registered the trademark  "Image  Magazine"
with the United States Patent and Trademark Office, which trademark registration
was issued in 2006, and also owns and uses the domain name  "imagemagazine.com".
Preliminary  contact with the  principals of the  California-based  magazine has
been made in an effort to resolve our conflicting uses of the same trademark and
have agreed in  principle  to resolve  the matter  through  the  execution  of a
trademark license; however, no assurance can be given that such a license can be
finalized.  Management does not expect this potential infringement issue to have
a  material  impact  due  to the  Company's  discontinuation  of its  publishing
operations.

(7)  Tentative Acquisition Agreement

In April  2011  the  Company  entered  into a  tentative  agreement  to  acquire
Transbiotec,  Inc.  ("TBT") in exchange for  23,557,810  shares of the Company's
common stock.

TBT has  developed  and  patented a sensor that  detects  blood  alcohol  levels
through  a  person's   skin.  The  system  senses   ethanol   excreted   through
perspiration.  If alcohol is detected,  a signal is sent to a vehicle's ignition
control  system which  prevents the vehicle from  starting.  TBT has developed a
prototype of the sensor and has completed beta testing of the device.

Initially,  TBT  intends  to  offer  its  sensor  only  for  commercial  vehicle
applications.  Later,  TBT plans to market  its  sensor to the public for use in
automobiles, SUV's, RV's, boats and other vehicles.

Completion of the Company's acquisition of TBT is subject to the satisfaction of
several conditions including without limitation, the execution of a definitive
agreement, the satisfactory completion of due diligence by both parties, and the
completion of an audit of TBT's financial statements. There can be no assurance
that the transaction will be consummated.

                                       7
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Plan of
        Operation

     The  Company  was formed in August  2007 to publish  and  distribute  Image
Magazine,  a monthly  guide and  entertainment  source for the Denver,  Colorado
area. The Company  generated only limited revenue and essentially  abandoned its
business plan in January 2009.

     In October 2010 the Company  entered  into an  agreement to acquire  JAKK'D
Holdings,  LLC, and a related  entity,  for  17,245,000  shares of the Company's
common  stock.  In January 2011 the Company and JAKK'd  Holdings,  LLC agreed to
terminate the agreement.

     In April 2011 the Company  entered  into a tentative  agreement  to acquire
Transbiotec,  Inc.  ("TBT") in exchange for  23,557,810  share of the  Company's
common stock.

     TBT, headquartered in Seal Beach, California,  has developed and patented a
high technology, state-of-the-art transdermal sensor, that detects blood alcohol
levels through a person's  skin.  Ethanol is produced as alcohol is ingested and
metabolized   in  the  body.  The  system  senses   ethanol   excreted   through
perspiration.  A person  places  their  finger on the  sensor,  and  within  5-8
seconds,  the sensor will detect the ethanol level. A signal can then be sent to
output  devices  that  control  the  ignition  in a vehicle  to  prevent it from
starting. The system can also communicate with other devices such as a GPS unit,
or cell phone.

     The TBT  system is  unobtrusive,  accurate,  reliable,  durable,  low cost,
easier to use and faster than the  current  breathalyzer  applications.  TBT has
completed  its beta  testing  of the  sensor  and is  currently  developing  its
manufacturing capability.

     Initially,  TBT  intends to offer its sensor  only for  commercial  vehicle
applications.  Later,  TBT plans to market  its  sensor to the public for use in
automobiles, SUV's, RV's, boats and other vehicles.

     Completion  of  the  Company's   acquisition  of  TBT  is  subject  to  the
satisfaction of several conditions  including without limitation,  the execution
of a definitive agreement,  the satisfactory completion of due diligence by both
parties, and the completion of an audit of TBT's financial statements. There can
be no assurance that the transaction will be consummated.

     As of June 30, 2011 the Company had  liabilities  of $214,305.  The Company
plans to pay its  liabilities  with  cash,  shares  of its  common  stock,  or a
combination  of both.  The Company does not have any  agreements or  commitments
from any third party to provide the Company with any capital.

Item 4.  Controls and Procedures.

     (a) The Company  maintains a system of controls and procedures  designed to
ensure that  information  required to be disclosed in reports filed or submitted
under the Securities Exchange Act of 1934, as amended ("1934 Act"), is recorded,
processed,  summarized and reported,  within time periods specified in the SEC's
rules and forms and to ensure that  information  required to be disclosed by the

                                       8
<PAGE>

Company  in the  reports  that it files  or  submits  under  the  1934  Act,  is
accumulated  and  communicated  to  the  Company's  management,   including  its
Principal  Executive  and  Financial  Officer,  as  appropriate  to allow timely
decisions  regarding  required  disclosure.  As of June 30, 2011,  the Company's
Principal  Executive and Financial  Officer  evaluated the  effectiveness of the
design and operation of the Company's disclosure controls and procedures.  Based
on that evaluation, the Principal Executive and Financial Officer concluded that
the Company's disclosure controls and procedures were effective.

     (b) Changes in Internal  Controls.  There were no changes in the  Company's
internal  control over  financial  reporting  during the quarter  ended June 30,
2011, that materially  affected,  or are reasonably likely to materially affect,
its internal control over financial reporting.


                                     PART II

Item 6.  Exhibits

Exhibits

  31.1  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  31.2  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  32    Certification pursuant to Section 906 of the Sarbanes-Oxley Act.

                                       9
<PAGE>

                                   SIGNATURES

     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.



                                        IMAGINE MEDIA, LTD.


August 11, 2011                         By:/s/ Gregory A. Bloom
                                           -------------------------------------
                                           Gregory A. Bloom, Principal Executive
                                           and Financial Officer

                                       10
<PAGE>