**FORM      10-QSB**

* *

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

**Item      1.  Financial Statements**

**EuroMedia      Holdings Corp.**

|                                                                                                                                                                                                                                                                   |   | December                  31, |       | June                  30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|---------------------------|--------|
|                                                                                                                                                                                                                                                                   |   | 2006                          |       | 2007                      |   |
| ASSETS                                                                                                                                                                                                                                                                 |   |                          |       |                      |   | (Unaudited) |   |
| Current                  assets                                                                                                                                                                                                                                        |   |                          |       |                      |   |   |   |
| Cash                  and cash equivalents                                                                                                                                                                                                                             |   | $                             | 8,723      |                      | $      | 273 |   |
| Prepaid                  expenses                                                                                                                                                                                                                                      |   |                          | 118,500    |                      |   | 79,800 |   |
| Total                  current assets                                                                                                                                                                                                                                  |   |                          | 127,223    |                      |   | 80,073 |   |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Property                  and equipment, net                                                                                                                                                                                                                           |   |                          | 1,249      |                      |   | 1,092 |   |
| Film                  licenses, net of amortization                                                                                                                                                                                                                    |   |                          | 140,829    |                      |   | 152,814 |   |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Total                  assets                                                                                                                                                                                                                                          |   | $                             | 269,301    |                      | $      | 233,979 |   |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                                                           |   |                          |       |                      |   |   |   |
| Current                  liabilities                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Accounts                  payable                                                                                                                                                                                                                                      |   | $                             | 397,973    |                      | $      | 475,478 |   |
| Accrued                  expenses                                                                                                                                                                                                                                      |   |                          | 609,262    |                      |   | 917,187 |   |
| Total                  current liabilities                                                                                                                                                                                                                             |   |                          | 1,007,235  |                      |   | 1,392,665 |   |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Long-term                  Liabilities                                                                                                                                                                                                                                 |   |                          |       |                      |   |   |   |
| Note                  payable - Related Party                                                                                                                                                                                                                          |   |                          | 288,391    |                      |   | 325,505 |   |
| Total                  current liabilities                                                                                                                                                                                                                             |   |                          | 288,391    |                      |   | 325,505 |   |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Stockholders'                  Deficit                                                                                                                                                                                                                                 |   |                          |       |                      |   |   |   |
| Common                    stock, $.001 par value, 100,000,000 shares authorized 32,320,000                    and                    32,525,600 shares issued and outstanding at December 31, 2006                    and June 30,                    2007 (unaudited) |   |                          | 32,320     |                      |   | 32,526 |   |
| Additional                  paid-in capital                                                                                                                                                                                                                            |   |                          | 664,623    |                      |   | 767,217 |   |
| Subscription                  receivable                                                                                                                                                                                                                               |   |                          | (11,925    | )                         |   | - |   |
| Accumulated                    deficit during the development stage                                                                                                                                                                                                    |   |                          | (1,711,343 | )                         |   | (2,283,934 | ) |
| Total                  stockholders’ deficit                                                                                                                                                                                                                     |   |                          | (1,026,325 | )                         |   | (1,484,191 | ) |
|                                                                                                                                                                                                                                                                   |   |                          |       |                      |   |   |   |
| Total                  liabilities and stockholders' deficit                                                                                                                                                                                                           |   | $                             | 269,301    |                      | $      | 233,979 |   |

*The      accompanying notes are an integral part of these financial      statements.*

----

**EuroMedia      Holdings Corp.**

|                                                         |   | For                  the Six Months Ended |       | For                  the Three Months Ended |   | For                  the Period October 22, 2003 (date of |   |
|--------------------------------------------------------------|--------|-------------------------------------------|------------|---------------------------------------------|--------|-----------------------------------------------------------|--------|
|                                                         |   | June                  30,                 |       | June                  30,                   |   | inception)                  to                            |   |
|                                                         |   | 2007                                      |       | 2006                                        |   | 2007                                                      |   | 2006 |   | June                  30, 2007 |   |
|                                                         |   | (Unaudited)                               |       | (Unaudited)                                 |   | (Unaudited)                                               |   |
| Net                  sales                                   |   | $                                         | 23,048     |                                        | $      | 4,622                                                     |   | $ | 16,704 |   | $ | 4,622 |   | $ | 36,073 |   |
| Cost                  of goods sold                          |   |                                      | -          |                                        |   | -                                                         |   |   | - |   |   | - |   |   | - |   |
| Gross                  profit                                |   |                                      | 23,048     |                                        |   | 4,622                                                     |   |   | 16,704 |   |   | 4,622 |   |   | 36,073 |   |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Operating                  expenses                          |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Consulting                  services - Officers              |   |                                      | 225,000    |                                        |   | 225,000                                                   |   |   | 112,500 |   |   | 112,500 |   |   | 675,000 |   |
| Consulting                  services                         |   |                                      | 170,446    |                                        |   | 190,519                                                   |   |   | 87,400 |   |   | 128,554 |   |   | 632,736 |   |
| Advertising                  & promotions                |   |                                      | -          |                                        |   | 25,440                                                    |   |   | - |   |   | 7,110 |   |   | 127,649 |   |
| Other                  general and administrative            |   |                                      | 91,536     |                                        |   | 79,099                                                    |   |   | 40,039 |   |   | 57,679 |   |   | 396,388 |   |
| Video                  distribution & delivery           |   |                                      | 74,495     |                                        |   | 33,632                                                    |   |   | 37,205 |   |   | 26,007 |   |   | 241,379 |   |
| Legal                  and accounting                        |   |                                      | 26,833     |                                        |   | 79,043                                                    |   |   | 17,624 |   |   | 20,338 |   |   | 225,824 |   |
| Operating                  income (loss)                     |   |                                      | 588,310    |                                        |   | 632,733                                                   |   |   | 294,768 |   |   | 352,188 |   |   | 2,298,976 |   |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Non                  operating income (expense)              |   |                                      |            |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Interest                  expense                            |   |                                      | (7,447     | )                                           |   | (3,617                                                    | )      |   | (3,478 | ) |   | (3,617 | ) |   | (16,540 | ) |
| Loss                  on sale of assets & other expenses |   |                                      | -          |                                        |   | -                                                         |   |   | - |   |   | - |   |   | (4,609 | ) |
| Miscellaneous                  income                        |   |                                      | 118        |                                        |   | -                                                         |   |   | 118 |   |   | - |   |   | 118 |   |
|                                                         |   |                                      | (7,329     | )                                           |   | (3,617                                                    | )      |   | (3,360 | ) |   | (3,617 | ) |   | (21,031 | ) |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| (Loss)                  from operations before income taxes  |   |                                      | (572,591   | )                                           |   | (631,728                                                  | )      |   | (281,424 | ) |   | (351,183 | ) |   | (2,283,934 | ) |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Provision                  for income taxes                  |   |                                      | -          |                                        |   | -                                                         |   |   | - |   |   | - |   |   | - |   |
| Net                  income (loss)                           |   | $                                         | (572,591   | )                                           | $      | (631,728                                                  | )      | $ | (281,424 | ) | $ | (351,183 | ) | $ | (2,283,934 | ) |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Net                  (loss) per share                        |   | $                                         | (0.018     | )                                           |   |                                                      |   | $ | (0.009 | ) |   |   |   |   |   |   |
|                                                         |   |                                      |       |                                        |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding  |   |                                      | 32,428,877 |                                        |   |                                                      |   |   | 32,336,756 |   |   |   |   |   |   |   |

*The      accompanying notes are an integral part of these financial      statements.*

----

**EuroMedia      Holdings Corp.**

|                                                                                                               |   |   |       |       |   |                             |   |        |       | Accumulated                     |   |    |   |
|--------------------------------------------------------------------------------------------------------------------|--------|--------|------------|------------|--------|----------------------------------|--------|-------------|------------|---------------------------------|--------|---------|--------|
|                                                                                                               |   |   |       |       |   |                             |   |        |       | Deficit                  During |   |    |   |
|                                                                                                               |   |   |       |       |   |                             |   |        |       | the                             |   |    |   |
|                                                                                                               |   | Common |       | Additional |   | Subscription                     |   | Development |       |                            |   |
|                                                                                                               |   | Shares |       | Stock      |   | Paid-in                  Capital |   | Receivable  |       | Stage                           |   | Total   |   |
| **Balance                  at January 1, 2005**                                                                    |   |   | 2          |       | $      | 2                                |   | $           | 132,434    |                            | $      | -       |   | $ | (210,864 | ) | $ | (78,428 | ) |
| Additional                  contributed capital                                                                    |   |   | -          |       |   | -                                |   |        | 70,170     |                            |   | -       |   |   | - |   |   | 70,170 |   |
| Net                  (loss)                                                                                        |   |   | -          |       |   | -                                |   |        | -          |                            |   | -       |   |   | (285,070 | ) |   | (285,070 | ) |
| **Balance                  at December 31, 2005**                                                                  |   |   | 2          |       |   | 2                                |   |        | 202,604    |                            |   | -       |   |   | (495,934 | ) |   | (293,328 | ) |
|                                                                                                               |   |   |       |       |   |                             |   |        |       |                            |   |    |   |   |   |   |   |   |   |
| Additional                  contributed capital                                                                    |   |   | -          |       |   | -                                |   |        | 284,912    |                            |   | -       |   |   | - |   |   | 284,912 |   |
|                                                                                                               |   |   |       |       |   |                             |   |        |       |                            |   |    |   |   |   |   |   |   |   |
| To                  record reverse merger with New -Era Trading Goup, Inc.                                         |   |   | (2         | )          |   | (2                               | )      |        | 2          |                            |   | -       |   |   | - |   |   | - |   |
| Issuance                  of common stock to shareholders of Eurocinema in connection with                  merger |   |   | 19,000,000 |       |   | 19,000                           |   |        | (19,000    | )                               |   | -       |   |   | - |   |   | - |   |
| Issuance                  of common stock to shareholders of New Era and record equity                  section    |   |   | 1,000,000  |       |   | 151,210                          |   |        | 1,370,344  |                            |   | -       |   |   | (1,521,554 | ) |   | - |   |
| of                  New-Era in connection with the merger, and                                                     |   |   |       |       |   | (150,210                         | )      |        | 150,210    |                            |   | -       |   |   | - |   |   | - |   |
| to                  reflect the survivor's equity balances                                                         |   |   |       |       |   |                             |   |        | (1,521,554 | )                               |   | -       |   |   | 1,521,554 |   |   | - |   |
|                                                                                                               |   |   |       |       |   |                             |   |        |       |                            |   |    |   |   |   |   |   |   |   |
| Issuance                  of common stock for promissory notes                                                     |   |   | 11,925,000 |       |   | 11,925                           |   |        | -          |                            |   | (11,925 | )      |   | - |   |   | - |   |
| Issuance                  of common stock for cash                                                                 |   |   | 30,000     |       |   | 30                               |   |        | 14,970     |                            |   | -       |   |   | - |   |   | 15,000 |   |
| Issuance                  of common stock for cash and services                                                    |   |   | 200,000    |       |   | 200                              |   |        | 99,800     |                            |   | -       |   |   | - |   |   | 100,000 |   |
| Issuance                  of common stock for services                                                             |   |   | 165,000    |       |   | 165                              |   |        | 82,335     |                            |   | -       |   |   | - |   |   | 82,500 |   |
| Net                  (loss) for the year                                                                           |   |   | -          |       |   | -                                |   |        | -          |                            |   | -       |   |   | (1,215,408 | ) |   | (1,215,408 | ) |
| **Balance                  at December 31, 2006**                                                                  |   |   | 32,320,000 |       |   | 32,320                           |   |        | 664,623    |                            |   | (11,925 | )      |   | (1,711,343 | ) |   | (1,026,325 | ) |
| Issuance                  of common stock purchase                                                                 |   |   |       |       |   |                             |   |        |       |                            |   | 11,925  |   |   |   |   |   | 11,925 |   |
| warrants                  in exchange for services                                                                 |   |   | 205,600    |       |   | 206                              |   |        | 102,594    |                            |   |    |   |   | - |   |   | 102,800 |   |
| Net                  (loss)                                                                                        |   |   | -          |       |   | -                                |   |        | -          |                            |   | -       |   |   | (572,591 | ) |   | (572,591 | ) |
| **Balance                  at June 30, 2007 (unaudited)**                                                          |   |   | 32,525,600 |       | $      | 32,526                           |   | $           | 767,217    |                            | $      | -       |   | $ | (2,283,934 | ) | $ | (1,484,191 | ) |

*The      accompanying notes are an integral part of these financial      statements.*

----

**EuroMedia      Holdings Corp.**

|                                                                          |   |                  For                  the Six Months Ended |     |                  For                  the Three Months Ended |   |  For                the PeriodOctober                  22, 2003 (date of |   |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|----------|-------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|
|                                                                          |   | June                  30,                                       |     | June                  30,                                         |   | inception)                  to                                                |   |
|                                                                          |   | 2007                                                            |     | 2006                                                              |   | 2007                                                                          |   | 2006 |   | June                  30, 2007 |   |
|                                                                          |   | (Unaudited)                                                     |     | (Unaudited)                                                       |   | (Unaudited)                                                                   |   |
| **Cash                  Flows From Operating Activities**                     |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Net                  (Loss) from continuing operations                        |   | $                                                               | (572,591 | )                                                                 | $      | (631,727                                                                      | )      | $ | (281,424 | ) | $ | (351,183 | ) | $ | (2,283,934 | ) |
| Adjustments                  to reconcile earnings from continuing            |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| operations                  to net cash provided by operating activities:     |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Depreciation                  and amortization                                |   |                                                            | 32,505   |                                                              |   | 16,721                                                                        |   |   | 17,042 |   |   | 8,361 |   |   | 68,736 |   |
| Issuance                  of common stock in exchange for services            |   |                                                            | -        |                                                              |   | 124,820                                                                       |   |   | - |   |   | 124,750 |   |   | 194,225 |   |
| Sale                  of common stock in exchange for subscription receivable |   |                                                            | 11,925   |                                                              |   | -                                                                             |   |   | - |   |   | - |   |   | - |   |
| Change                  in working capital components:                        |   |                                                            |     |                                                              |   |                                                                          |   |   |  |   |   |   |   |   |   |   |
| Prepaid                  expenses                                             |   |                                                            | 38,700   |                                                              |   | (97,721                                                                       | )      |   | 19,350 |   |   | (97,721 | ) |   | (79,800 | ) |
| Accounts                  payable                                             |   |                                                            | 74,335   |                                                              |   | 159,043                                                                       |   |   | 28,221 |   |   | 108,603 |   |   | 475,478 |   |
| Accrued                  expenses                                             |   |                                                            | 311,095  |                                                              |   | 304,617                                                                       |   |   | 164,626 |   |   | 145,117 |   |   | 917,187 |   |
| Net                  cash (used) by operating activities                      |   |                                                            | (104,031 | )                                                                 |   | (124,247                                                                      | )      |   | (52,185 | ) |   | (62,073 | ) |   | (708,108 | ) |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Cash                  Flows From Investing Activities**                     |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Purchase                  of property and equipment                           |   |                                                            | (33      | )                                                                 |   | -                                                                             |   |   | (33 | ) |   | - |   |   | (1,932 | ) |
| Purchase                  of licenses                                         |   |                                                            | (44,300  | )                                                                 |   | (77,650                                                                       | )      |   | (33,300 | ) |   | (44,850 | ) |   | (220,710 | ) |
| Net                  cash (used) in investing activities                      |   |                                                            | (44,333  | )                                                                 |   | (77,650                                                                       | )      |   | (33,333 | ) |   | (44,850 | ) |   | (222,642 | ) |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Cash                  Flows From Financing Activities**                     |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Capital                  contributions                                        |   |                                                            | -        |                                                              |   | 201,517                                                                       |   |   |   |   |   | - |   |   | 355,082 |   |
| Proceeds                  from sale of stock                                  |   |                                                            | 102,800  |                                                              |   | -                                                                             |   |   | 76,800 |   |   | 89,024 |   |   | 250,436 |   |
| Increase                  (decrease) in Loan payable - Related party          |   |                                                            | 37,114   |                                                              |   | 6,300                                                                         |   |   | (16,187 | ) |   | 6,300 |   |   | 325,505 |   |
| Net                  cash provided by investing activities                    |   |                                                            | 139,914  |                                                              |   | 207,817                                                                       |   |   | 60,613 |   |   | 95,324 |   |   | 931,023 |   |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Net                  increase (decrease) in cash and cash equivalents         |   |                                                            | (8,450   | )                                                                 |   | 5,920                                                                         |   |   | (24,905 | ) |   | (11,599 | ) |   | 273 |   |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Cash                  And Cash Equivalents**                                |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Beginning                  of period                                          |   |                                                            | -        |                                                              |   | -                                                                             |   |   | 25,178 |   |   | 17,519 |   |   | - |   |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| End                  of the period                                            |   | $                                                               | (8,450   | )                                                                 | $      | 5,920                                                                         |   | $ | 273 |   | $ | 5,920 |   | $ | 273 |   |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Supplemental                  Disclosures on Interest and**                 |   |                                                            |     |                                                              |   |                                                                          |   |   |  |   |   |   |   |   |   |   |
| **IncomeTaxes                  Paid:**                                        |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Interest                  paid for the period                                 |   | $                                                               | -        |                                                              | $      | -                                                                             |   | $ | - |   | $ | - |   | $ | - |   |
| Income                  taxes paid for the period                             |   | $                                                               | -        |                                                              | $      | -                                                                             |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                          |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Supplemental                  Schedule of NonCash Investing**               |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| AND                  FINANCING ACTIVITIES:                                    |   |                                                            |     |                                                              |   |                                                                          |   |   |   |   |   |   |   |   |   |   |
| Sale                  of stock in exchange for subscription receivable        |   | $                                                               | (11,925  | )                                                                 | $      | -                                                                             |   | $ | - |   | $ | (11,925 | ) | $ | (11,925 | ) |

*The      accompanying notes are an integral part of these financial      statements.*

----

**EuroMedia        Holdings Corp**

**(A        Development Stage Enterprise)**

**Notes        to Financial Statements**

**For        the Six **
**Months        Ended June 30, 2007 and 2006 (Unaudited)**

*(a)        Basis of Presentation*

*(*
*b)History        of the Company*

*(c)        Development Stage Enterprise*

*(d)        Revenue Recognition*

*Financial Reporting in the Record and Music Industry.*

----

*(e)        Cash and Cash Equivalents*

*(f)        Fair Value of Financial Instruments*

**s**

*(g)        Property and Equipment*

*(h)        Impairment of Intangible Assets*

*(i)        Stock Based Compensation*

        at an        appropriate subsequent measurement date) over the amount the employee must        pay        to acquire the stock. The Company has elected to account for employee stock        options using the intrinsic value method under APB 25. By making that election,        the Company is required by SFAS 123 to provide pro forma disclosures of net        loss        as if a fair value based method of accounting had been applied.

*(j)        Use of Estimates*

----

*(k)        Income Taxes*

*Accounting        for Income Taxes*

*(l)        Advertising Costs*

*(m)        Earnings (Loss) Per Share*

|                                                |   | June                  30, 2007 |    | December                  31, 2006 |   |
|-----------------------------------------------------|--------|--------------------------------|---------|------------------------------------|--------|
| Film                  licenses and production costs |   | $                              | 220,710 |                               | $      | 176,410 |   |
| Accumulated                  amortization           |   |                           | 67,896  |                               |   | 35,581 |   |
|                                                |   | $                              | 152,814 |                               | $      | 140,829 |   |

----

|                                                    |   |                      |   |
|---------------------------------------------------------|--------|---------------------------|--------|
| Three                  months ended June 30, 2007       |   | $                  16,937 |   |
| Three                  months ended June 30, 2006       |   | $                  245    |   |
| Six                  months ended June 30, 2007         |   | $                  32,316 |   |
| Six                  months ended June 30, 2006         |   | $                  1,725  |   |
| October                  22, 2003 through June 30, 2007 |   | $                  67,798 |   |

|                                             |   | June                  30, 2007 |    | December                  31, 2006 |   |
|--------------------------------------------------|--------|--------------------------------|---------|------------------------------------|--------|
| Accrued                  Compensation - Officers |   | $                              | 467,050 |                               | $      | 317,000 |   |
| Accrued                  Consulting              |   |                           | 424,647 |                               |   | 280,000 |   |
| Legal                  and Accounting            |   |                           | 8,500   |                               |   | 0 |   |
| Accrued                  Interest                |   |                           | 16,540  |                               |   | 9,092 |   |
|                                             |   | $                              | 917,187 |                               | $      | 606,092 |   |

*(a)        Accrued Compensation - Officers and Directors*

*(b)        Loan from Related Party*

*(c)        Purchase of common stock*

----

|                                                           |   | Six                    Months Ended June                    30, 2007 |     |
|----------------------------------------------------------------|--------|----------------------------------------------------------------------|----------|
| Income                    tax benefit at statutory rate        |   | $                                                                    | (200,407 | ) |
| Increase                    (decrease) in income taxes due to: |   |                                                                 |     |   |
| State                    income taxes, net                     |   |                                                                 | -        |   |
| Change                    in valuation allowance               |   |                                                                 | 200,407  |   |
| All                    other                                   |   |                                                                 | -        |   |
|                                                           |   | $                                                                    | 0        |   |

| Deferred                    tax asset (liability), current:     |   |   |     |   |
|-----------------------------------------------------------------|--------|--------|----------|--------|
| Accrued                    expenses                             |   | $      | 321,015  |   |
| Valuation                    allowance                          |   |   | (321,015 | )      |
|                                                            |   | $      | 0        |   |
| Deferred                    tax asset (liability), non-current: |   |   |     |   |
| Net                    operating loss                           |   | $      | (120,753 | )      |
| Property                    and equipment                       |   |   | 144      |   |
| Valuation                    allowance                          |   |   | 120,609  |   |
|                                                            |   | $      | 0        |   |

*Legal        Fees Dispute*

----

*Trademark        Dispute*

*Consulting        Agreements*

*Operating        Leases*

| Three                  months ended June 30, 2007       |   | $ | 6,073  |   |
|---------------------------------------------------------|--------|---|--------|--------|
| Three                  months ended June 30, 2006       |   | $ | 4,996  |   |
| Six                  months ended June 30, 2007         |   | $ | 11,240 |   |
| Six                  months ended June 30, 2006         |   | $ | 7,474  |   |
| October                  22, 2003 through June 30, 2007 |   | $ | 91,666 |   |

**Item          2. Management’s discussion and analysis or plan of          operations.**

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**Item      3.  Controls and Procedures**

**Item      3A(T).**

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**PART      II – OTHER INFORMATION**

**Item      1.  Legal Proceedings**

**ITEM      2.  **
**Unregistered      Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

**Item      6. Exhibits.**

**SIGNATURES**

|                                    | EuroMedia              Holdings Corp. |
|-----------------------------------------|---------------------------------------|
|                                    | (Registrant)                          |
|                                    |                                  |   |
| Date:                September 18, 2007 | By:                                   | /s/                 Sebastien Perioche |
|                                    |                                  | Sebastien                Perioche, |
|                                    |                                  | President                & Principal Executive Officer |
|                                    |                                  |   |
| Date:                September 18, 2007 | By:                         | /s/                Cristino L. Perez |
|                                    |                                  | Cristino                L. Perez, |
|                                    |                                  | Principal                Financial Officer |

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