UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 
 FORM
10-Q


x
            QUARTERLY
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR
      THE QUARTERLY PERIOD ENDED MARCH 31,
  2008




o
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the transition period fromto
 Commission
File Number: 000-52512




BLS
Media Inc.


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




Nevada
              20-5874196(State
      or other jurisdiction of
                incorporation
      or organization)
              (I.R.S.
      Employer
                Identification
      No.)




1683
      Duarte Drive, Henderson, Nevada 89014(Address
      of principal executive offices)




702-450-2163(Issuer’s
      Telephone Number)




Indicate
by check mark whether the issuer (1) has 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. 
xYes  oNo




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




Large
      accelerated filer
            o
            Accelerated
      filer
            oNon-accelerated
      filer
            o (Do
      not check if a smaller reporting company)
            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). xYes  oNo




APPLICABLE
ONLY TO CORPORATE ISSUERS




State the number of shares
outstanding of each of the issuer's classes of common equity, as of the latest
practical date.  As of May 14, 2008, there
were 4,515,500shares of the issuer's $.001 par value common stock issued and
outstanding.




1




PART
I - FINANCIAL INFORMATION




Item
1.  Financial Statements




BLS
MEDIA, INC.
 (A
Development Stage Company)
 BALANCE
SHEETS


ASSETS
 March
      31,
                2008
              
              
              December
      31, 2007(Unaudited)Current
      assetsCash
              
              $
              26,060
              
              
              $
              38,253Prepaid
      expenses
              
              
              2,917
              
              
              
              5,417Total
      current assets
              
              
              28,977
              
              
              
              43,670Property
      and equipment, net of $439 and $334 ofaccumulated
      depreciation, respectively
              
              
              1,668
              
              
              
              1,774Total
      assets
              
              $
              30,645
              
              
              $
              45,444
 LIABILITIES AND STOCKHOLDERS’
      DEFICITCurrent
      liabilitiesAccounts
      payable and accrued expenses
              
              $
              46,973
              
              
              $
              45,134Loan
      from stockholder
              
              
              22,000
              
              
              
              22,000Total
      current liabilities
              
              
              68,973
              
              
              
              67,134Stockholders’
      deficitCommon stock, $.001 par value; 100,000,000 shares authorized,4,515,500
      shares issued and outstanding
              
              
              4,516
              
              
              
              4,516Additional
      paid-in capital
              
              
              54,434
              
              
              
              53,834Deficit
      accumulated during the development stage
              
              
              (97,278
              )
              
              
              (80,040
              )Total
      stockholders’ deficit
              
              
              (38,328
              )
              
              
              (21,690
              )Total
      liabilities and stockholders’ deficit
              
              $
              30,645
              
              
              $
              45,444
   See accompanying notes to
financial statements
  2
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 STATEMENTS
OF OPERATIONS
 (Unaudited)
  For
      the Three
                Months
      Ended
                March
      31, 2008
              
              
              For
      the Three
                Months
      Ended
                March
      31, 2007
              
              
              For
      the Period from Inception
                (October
      31, 2006) through
                March
      31, 2008Net
      revenue
              
              $
              -
              
              
              $
              403
              
              
              $
              403Operating
      expensesLegal
      and professional
              
              
              15,611
              
              
              
              11,574
              
              
              
              89,567General
      and Administrative
              
              
              1,187
              
              
              
              1,438
              
              
              
              5,895Total
      operating expenses
              
              
              16,798
              
              
              
              13,012
              
              
              
              95,462Net
      operating loss
              
              
              (16,798
              )
              
              
              (12,609
              )
              
              
              (95,059
              )Interest
      expense
              
              
              (440
              )
              
              
              (440
              )
              
              
              (2,219
              )Loss
      before income taxes
              
              
              (17,238
              )
              
              
              (13,049
              )
              
              
              (97,278
              )Provision
      for income taxes
              
              
              -
              
              
              
              -
              
              
              
              -Net
      loss
              
              $
              (17,238
              )
              
              $
              (13,049
              )
              
              $
              (97,278
              )Net
      loss per common share – basic and diluted
              
              $
              -
              
              
              $
              -
              
              
              $
              (0.02
              )Weighted
      average of commonshares
      – basic and diluted
              
              $
              4,515,500
              
              
              $
              4,000,000
              
              
              $
              4,265,819
   See accompanying notes to
financial statements
  3
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 STATEMENTS
OF STOCKHOLDERS' DEFICIT
 (Unaudited)
  DeficitAccumulatedCommon
      Stock
              
              
              Additional
              
              
              During
              
              TotalNumber
      of Shares
              
              
              Amount
              
              
              Paid-In
                Capital
              
              
              Development
                Stage
              
              Stockholders’
                (Deficit)Balance,
      October 31, 2006
              
              
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -Issuance
      of common stock, November 1, 2006
              
              
              4,000,000
              
              
              
              4,000
              
              
              
              -
              
              
              
              -
              
              
              
              4,000Additional
      paid-in capital in exchange for facilities provided by related
      party
              
              
              -
              
              
              
              -
              
              
              
              400
              
              
              
              -
              
              
              
              400Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (11,014
              )
              
              
              (11,014
              )Balance,
      December 31, 2006 (Audited)
              
              
              4,000,000
              
              
              
              4,000
              
              
              
              400
              
              
              
              (11,014
              )
              
              
              (6,614
              )Issuance
      of common stock for cash,June
      30, 2007
              
              
              315,500
              
              
              
              316
              
              
              
              31,234
              
              
              
              -
              
              
              
              31,550Issuance
      of common stock for cash,July  23,
      2007
              
              
              200,000
              
              
              
              200
              
              
              
              19,800
              
              
              
              -
              
              
              
              20,000Additional
      paid-in capital in exchange for facilities provided by related
      party
              
              
              -
              
              
              
              -
              
              
              
              2,400
              
              
              
              -
              
              
              
              2,400Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (69,026
              )
              
              
              (69,026
              )Balance,
      December 31, 2007 (Audited)
              
              
              4,515,500
              
              
              
              4,516
              
              
              
              53,834
              
              
              
              (80,040
              )
              
              
              (21,690
              )Additional
      paid-in capital in exchange for facilities provided by related
      party
              
              
              -
              
              
              
              -
              
              
              
              600
              
              
              
              -
              
              
              
              600Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (17,238
              )
              
              
              (17,238
              )Balance,
      March 31, 2008 (Unaudited)
              
              
              4,515,500
              
              
              $
              4,516
              
              
              $
              54,434
              
              
              $
              (97,278
              )
              
              $
              (38,328
              )
   See accompanying notes to
financial statements
  4
 BLS
MEDIA, INC.
 (A
Development Stage Company)
 STATEMENTS
OF CASH FLOWS
 (Unaudited)
  For
      the Three Months Ended March 31, 2008
              
              
              For
      the Three Months Ended March 31, 2007
              
              
              For
      the Period from Inception
                (October
      31, 2006) through
                March
      31, 2008Cash
      flows from operating activitiesNet
      loss
              
              $
              (17,238
              )
              
              $
              (13,049
              )
              
              $
              (97,278
              )Adjustments
      to reconcile net loss to net cash used in operating
    activitiesAdditional
      paid-in capital in exchange for facilities provided by related
      party
              
              
              600
              
              
              
              600
              
              
              
              3,400Depreciation
              
              
              105
              
              
              
              18
              
              
              
              439Changes
      in operating assets and liabilities(Increase)
      in prepaid expenses
              
              
              2,500
              
              
              
              -
              
              
              
              (2,917
              )Increase
      in accounts payable and accruedexpenses
              
              
              1,840
              
              
              
              4,842
              
              
              
              46,973Net
      cash used in operating activities
              
              
              (12,193
              )
              
              
              (7,589
              )
              
              
              (49,383
              )Cash
      flows from investing activitiesPurchase
      of property and equipment
              
              
              -
              
              
              
              (2,107
              )
              
              
              (2,107
              )Net
      cash used by investing activities
              
              
              -
              
              
              
              (2,107
              )
              
              
              (2,107
              )Cash
      flows from financing activitiesProceeds
      from issuance of stockholder loan
              
              
              -
              
              
              
              -
              
              
              
              22,000Proceeds
      from issuance of common stock
              
              
              -
              
              
              
              -
              
              
              
              55,550Net
      cash provided by financing activities
              
              
              -
              
              
              
              -
              
              
              
              77,550Net
      increase in cash
              
              
              (12,193
              )
              
              
              (9,696
              )
              
              
              26,060Cash,
      beginning of period
              
              
              38,253
              
              
              
              26,000
              
              
              
              -Cash,
      end of period
              
              $
              26,060
              
              
              $
              16,304
              
              
              $
              26,060Supplemental
      disclosure of cash flowinformationIncome
      taxes paid
              
              $
              -
              
              
              $
              -
              
              
              $
              -Interest
      paid
              
              $
              -
              
              
              $
              -
              
              
              $
              -
   See accompanying notes to
financial statements
  5
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
   1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES
  Nature of
Operations
  BLS
Media, Inc. (the Company) is currently a development stage company under the
provisions of Statement of Financial Accounting Standards (SFAS) No. 7 and was
incorporated under the laws of the State of Nevada on October 31,
2006.  Since inception, the Company has produced minimal revenues and
will continue to report as a development stage company until significant
revenues are produced.
  The
Company is a full service video production and media relations company that
specializes in providing customized video production services, public relations
services and copy editing services to businesses.
  Basis of
Presentation
  The
unaudited financial statements included herein have been prepared in conformity
with accounting principles generally accepted in the United States for interim
financial information and pursuant to the rules and regulations of the
Securities and Exchange Commission.  They do not include all information
and notes required by generally accepted accounting principles for complete
financial statements. However, except as disclosed herein, there has been no
material changes in the information disclosed in the notes to the financial
statements included in the Company’s report on Form 10-KSB for the year ended
December 31, 2007. In the opinion of management, all adjustments (including
normal recurring accruals) considered necessary for a fair presentation have
been included. Operating results for the three months ended March 31, 2008 are
not necessarily indicative of the results that may be expected for any other
interim period or the entire year. For further information, these unaudited
financial statements and the related notes should be read in conjunction with
the Company’s audited financial statements for the year ended December 31, 2007
included in the Company’s report on Form 10-KSB.
  Use of
Estimates
  The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses
during the reported periods.  Actual results could materially differ
from those estimates.
  6
 BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
 1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)
  Cash and
Cash Equivalents
  For
purposes of the balance sheet and statement of cash flows, the Company considers
all highly liquid debt instruments purchased with maturity of three months or
less to be cash equivalents
  Fair Value
of Financial Instruments
  Pursuant
to Statement of Financial Accounting Standards No. 107, “Disclosures About
Fair Value of Financial Instruments”, the Company is required to estimate
the fair value of all financial instruments included on its balance
sheet.  The carrying value of cash, prepaid expenses, accounts payable
and accrued expenses approximate their fair value due to the short period to
maturity of these instruments.
  Property
and Equipment
  Property
and equipment, if any, are stated at cost.  Depreciation of property
and equipment is provided using the straight-line method over the estimated
useful lives of the assets.  Expenditures for major renewals and
betterments that extend the useful lives of property and equipment are
capitalized.  Expenditures for maintenance and repairs are changed to
expense as incurred.
  Revenue
Recognition
  Revenue
is to be recognized from sales of its services when (a) persuasive evidence of a
sale with a customer exists, (b) services are rendered, (c) fee is fixed or
determinable, and (d) collection of the fee is reasonably assured.
  Provision
for Income Taxes
  The
Company accounts for income taxes under Statement of Financial Accounting
Standards No. 109, “Accounting for
Income Taxes” (SFAS 109).  Under the asset and liability method
of SFAS 109, deferred tax assets and liabilities are recognized for the future
tax consequences attributable to differences between the financial statements
carrying amounts of existing assets and liabilities and their respective tax
bases.  Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable income in the years in which those
temporary differences are expected to be recovered or settled.  Under
SFAS 109, the effect on deferred tax assets and liabilities of a change in tax
rates is recognized in income in the period the enactment occurs.
  7
 
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
 1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)
  Provision
for Income Taxes (Continued)
  The
components of the deferred tax assets and liabilities are classified as current
and non-current based on their characteristics.  A valuation allowance
is provided for certain deferred tax assets if it is more likely than not that
the Company will not realize tax assets through future operations.
  Comprehensive
Income
  The
Company applies Statement of Financial Accounting Standards No. 130, “Reporting
Comprehensive Income” (SFAS 130).  SFAS 130 establishes
standards for the reporting and display of comprehensive income or loss,
requiring its components to be reported in a financial statement that is
displayed with the same prominence as other financial
statements.  From inception (October 31, 2006) through March 31, 2008,
the Company had no other components of comprehensive loss other than net loss as
reported on the statement of operations.
  Basic and
Diluted Income (Loss) Per Share
  In
accordance with SFAS No. 128, “Earnings Per
Share”, basic income (loss) per common share is computed by dividing net
income (loss) available to common stockholders by the weighted average number of
common shares outstanding.  Diluted income (loss) per common share is
computed similar to basic income per common share except that the denominator is
increased to include the number of additional common shares that would have been
outstanding if the potential common shares had been issued and if the additional
common shares were dilutive.  As of March 31, 2008, the Company did
not have any equity or debt instruments outstanding that could be converted into
common stock.
  8
 BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
 1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)
  Recent
Accounting Pronouncements
  In
September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements(SFAS 157). SFAS 157 defines fair value, establishes a
framework for measuring fair value and enhances disclosures about fair value
measures required under other accounting pronouncements, but does not change
existing guidance as to whether or not an instrument is carried at fair value.
SFAS No. 157 was effective as of the beginning of the Company’s 2008 year.
The provisions of SFAS 157 were adopted January 1, 2008. In February 2008,
the FASB staff issued Staff Position No. 157-2 “Effective Date of
FASB Statement No. 157” (FSP FAS 157-2). FSP FAS 157-2 delayed the
effective date of SFAS 157 for nonfinancial assets and nonfinancial liabilities,
except for items that are recognized or disclosed at fair value in the financial
statements on a recurring basis (at least annually). The provisions of FSP FAS
157-2 are effective for the Company’s fiscal year beginning January 1,
2009.
  SFAS 157
establishes a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and the lowest priority to unobservable
inputs (Level 3 measurements). The three levels of the fair value hierarchy
under SFAS 157 are described below:
  Level 1
              Unadjusted
      quoted prices in active markets that are accessible at the measurement
      date for identical, unrestricted assets or
  liabilities;
  Level 2
              Quoted
      prices in markets that are not active, or inputs that are observable,
      either directly or indirectly, for substantially the full term of the
      asset or liability;
  Level 3
              Prices
      or valuation techniques that require inputs that are both significant to
      the fair value measurement and unobservable (supported by little or no
      market activity).
  The
Company had no financial assets and liabilities measured at fair value by level
within the fair value hierarchy as of March 31, 2008.
  9
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
 1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)
  In
September 2006, the FASB issued Statement No. 158 “Employers’
Accounting for Defined Benefit Pension and Other Postretirement Plans - an
amendment of FASB Statements No. 87, 88, 106, and
132(R)”.  This Statement improves financial reporting by
requiring an employer to recognize the overfunded or underfunded status of a
defined benefit postretirement plan (other than a multiemployer plan) as an
asset or liability in its statement of financial position and to recognize
changes in that funded status in the year in which the changes occur through
comprehensive income of a business entity or changes in unrestricted net assets
of a not-for-profit organization.  This Statement also improves
financial reporting by requiring an employer to measure the funded status of a
plan as of the date of its year-end statement of financial position, with
limited exceptions.  An employer with publicly traded equity
securities is required to initially recognize the funded status of a defined
benefit postretirement plan and to provide the required disclosures as of the
end of the fiscal year ending after December 15, 2006.  An employer
without publicly traded equity securities is required to recognize the funded
status of a defined benefit postretirement plan and to provide the required
disclosures as of the end of the fiscal year ending after June 15,
2007.  The Company adopted the provisions of SFAS 158 on January 1,
2008 and had no impact on the Company’s financial position, results of
operations or cash flows.
  In
February 2007, the FASB issued FAS No. 159, “The Fair Value
Option for Financial Assets and Financial Liabilities – Including an amendment
of FASB Statement No. 115”, (“FAS 159”) which permits entities to choose
to measure many financial instruments and certain other items at fair value at
specified election dates. A business entity is required to report unrealized
gains and losses on items for which the fair value option has been elected in
earnings at each subsequent reporting date. This statement is expected to expand
the use of fair value measurement. The provisions of FAS 159 were adopted
January 1, 2008. The Company did not elect the Fair Value Option for any of
its financial assets or liabilities, and therefore, the adoption of FAS 159 had
no impact on the Company’s financial position, results of operations or cash
flows.
  10
  BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
   2.
              GOING
      CONCERN
  As shown
in the accompanying financial statements, the Company has incurred a net
operating loss of ($97,278) from inception (October 31, 2006) through March 31,
2008. The Company is subject to those risks associated with development stage
companies.  The Company has sustained losses since inception and
additional debt and equity financing will be required by the Company to fund its
development activities and to support operations.  However, there is
no assurance that the Company will be able to obtain additional
financing.  Furthermore, there is no assurance that rapid
technological changes, changing customer needs and evolving industry standards
will enable the Company to introduce new products on a continual and timely
basis so that profitable operations can be attained.
  3.
              ACCRUED
      EXPENSES
  Accrued
Wages and Compensated Absences
  The
Company currently does not have any employees.  The majority of
development costs and services have been provided to the Company by the founders
and outside, third-party vendors.  As such, there is no accrual for
wages or compensated absences as of March 31, 2008.
  4.
              LOAN
      FROM STOCKHOLDER
  The
Company has an outstanding note payable with a stockholder in the amount of
$22,000.  Per the terms of the note, this loan was due in one lump-sum
payment on December 28, 2007, together with interest that accrues at the rate of
8% per annum.  The loan funds are to be used for working capital
purposes.  The loan agreement was amended to extend the due date of
the loan to December 28, 2008.
  5.
              COMMON
      STOCK
  On
November 1, 2006, the Company issued 4,000,000 shares of its common stock to its
officers for cash of $4,000 which was considered a reasonable estimate of fair
value.
  On June
30, 2007, the Company issued 315,500 shares of its common stock to unrelated
investors for cash of $31,550 pursuant to the Company’s Registration Statement
on Form SB-2.
  11
 BLS
MEDIA, INC.
 (A
Development Stage Company)
 NOTES
TO FINANCIAL STATEMENTS
 MARCH
31, 2008
 (Unaudited)
   5.
              COMMON
      STOCK
(Continued)
  On July
23, 2007, the Company issued 200,000 shares of its common stock to unrelated
investors for cash of $20,000 pursuant to the Company’s Registration Statement
on Form SB-2.
  6.
              PROVISION
      FOR INCOME TAXES
  Deferred
income taxes are reported using the liability method.  Deferred tax
assets are recognized for deductible temporary differences and deferred tax
liabilities are recognized for taxable temporary
differences.  Temporary differences are the differences between the
reported amounts of assets and liabilities and their tax
bases.  Deferred tax assets are reduced by a valuation allowance when,
in the opinion of management, it is more likely than not that some portion or
all of the deferred tax assets will not be realized.  Deferred tax
assets and liabilities are adjusted for the effects of changes in tax laws and
rates on the date of enactment.
  As of
March 31, 2008, the Company had federal and state net operating loss
carryforwards of approximately ($94,000), which can be used to offset future
federal income tax.  The federal and state net operating loss
carryforwards expire at various dates through 2028.  Deferred tax
assets resulting from the net operating losses are reduced by a valuation
allowance, when, in the opinion of management, utilization is not reasonably
assured, as noted in the following table:
  Federal
      net operating loss (at 25%)
              
              $
              22,500Less:
      valuation allowance
              
              
              (22,500
              )$
              -
  The
Company’s valuation allowance increased by approximately $4,300 during the three
months ended March 31, 2008.
  12


Item 2.  Plan of
Operation
 
 This
following information specifies certain forward-looking statements of management
of the company. Forward-looking statements are statements that estimate the
happening of future events and are not based on historical fact. Forward-looking
statements may be identified by the use of forward-looking terminology, such as
“may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”,
“probable”, “possible”, “should”, “continue”, or similar terms, variations of
those terms or the negative of those terms. The forward-looking statements
specified in the following information have been compiled by our management on
the basis of assumptions made by management and considered by management to be
reasonable. Our future operating results, however, are impossible to predict and
no representation, guaranty, or warranty is to be inferred from those
forward-looking statements.
 
 The
assumptions used for purposes of the forward-looking statements specified in the
following information represent estimates of future events and are subject to
uncertainty as to possible changes in economic, legislative, industry, and other
circumstances. As a result, the identification and interpretation of data and
other information and their use in developing and selecting assumptions from and
among reasonable alternatives require the exercise of judgment. To the extent
that the assumed events do not occur, the outcome may vary substantially from
anticipated or projected results, and, accordingly, no opinion is expressed on
the achievability of those forward-looking statements. We cannot guaranty that
any of the assumptions relating to the forward-looking statements specified in
the following information are accurate, and we assume no obligation to update
any such forward-looking statements.
 
 Critical Accounting Policy and
Estimates.Our Management’s Discussion and Analysis of Financial
Condition and Results of Operations section discusses our financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States of America. The preparation of these financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. On an on-going basis, management evaluates its estimates and
judgments, including those related to revenue recognition, accrued expenses,
financing operations, and contingencies and litigation. Management bases its
estimates and judgments on historical experience and on various other factors
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying value of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions. The most
significant accounting estimates inherent in the preparation of our financial
statements include estimates as to the appropriate carrying value of certain
assets and liabilities which are not readily apparent from other
sources.
 
 The
following discussion of our financial condition and results of operations should
be read in conjunction with our audited financial statements for the period from
October 31, 2006 (inception) to December 31, 2007, together with notes thereto
as previously filed with our Annual Report on Form 10-KSB.  In
addition, these accounting policies are described at relevant sections in this
discussion and analysis and in the notes to the financial statements included in
our Quarterly Report on Form 10-Q for the period ended March 31,
2008.
 
 We are a
full service video production and media relations company that specializes in
providing customized video production services, public relations services and
copy editing services to businesses.  We believe that, based on our
management’s experience, that we will be able to understand our clients’ needs
and tailor video production services, public relations services and copy editing
services to satisfy our clients’ business requirements. We intend to market our
services in the Las Vegas area by means of personal contacts of our management
as well as targeting businesses that visit Las Vegas for various industry
conventions. As Las Vegas hosts several large conventions throughout the year,
we believe those conventions provide a large population of potential clients who
need that services that we offer.
  13
 
 Liquidity and Capital
Resources.We had cash of $26,060 and prepaid expenses of $2,917 as
of March 31, 2008, which equals our total current assets of $28,977 as of that
date. Our total assets of $30,645 as of March 31, 2008, included our current
assets of $28,977, and property and equipment of $1,668 net of $439 accumulated
depreciation.
 
 Our
current liabilities were $68,973 as of March 31, 2008, which was represented by
accounts payable of $46,973 and a loan of $22,000 from Gary Prager, our officer,
principal shareholder and one of our directors.  The note bears
interest at 8% and is due upon demand, no later than December 28,
2007.  The loan agreement was amended to extend the due date of the
loan to December 28, 2008.  Mr. Prager advanced those funds to us for
working capital.  We had no other liabilities and no long term
commitments or contingencies as of March 31, 2008.
 
 In
November 2006, we sold 2,000,000 shares of our common stock to Brittany Prager
and 2,000,000 shares of our common stock to Gary Prager, who were our founders
and were our officers and directors at inception. These shares were issued in
exchange for cash of $4,000.
 
 We filed
a Registration Statement on Form SB-2 to sell 4,000,000 shares of our common
stock at a purchase price of $0.10 per share in a direct public offering. The
Registration Statement on Form SB-2 became effective in March 2007. On June 30,
2007, we issued 315,500 shares of our common stock to unrelated investors for
cash of $31,550 pursuant to our Registration Statement on Form SB-2. On July 23,
2007, we issued 200,000 shares of our common stock to unrelated investors for
cash of $20,000 pursuant to our Registration Statement on Form SB-2. We have
begun to use those proceeds for working capital.
  During
2008, we expect that the legal and accounting costs of being a public company
will continue to impact our liquidity and we may need to obtain funds to pay
those expenses. Other than the anticipated increases in legal and accounting
costs due to the reporting requirements of being a reporting company, we are not
aware of any other known trends, events or uncertainties, which may affect our
future liquidity.
 
 For the three months ended
March 31, 2008 as compared to the three months ended on March 31,
2007.
 
 Results
of Operations.
 
 Revenues. We had no revenues
for the three months ended March 31, 2008, as compared to $403 in revenues
generated during the three months ended March 31, 2007.  We hope to
generate greater revenues as continue operations and implement our business
plan.
 
 Operating Expenses.For the
three months ended March 31, 2008, our total operating expenses were $16,798, as
compared to $13,012 total operating expenses for the three months ended on March
31, 2007. The increase in total operating expenses is primarily due to the
increase in professional fees, which is attributed to the increased legal
expenses and accounting expenses related to being a public company. We expect
that we will continue to incur such expenses. For the three months ended March
31, 2008, we had legal and professional expenses of $15,611, and other general
and administrative expenses of $1,187. In comparison, for the three months ended
on March 31, 2007, we had legal and professional expenses of $11,574 and general
and administrative expenses of $1,438.  We incurred legal and
profession expenses in preparing our Registration Statement on Form SB-2 which
was filed in March 2007.
 
 Net Income or
Loss.For the three months ended March 31, 2008, our net
operating loss was $17,238 after interest expense of $440.  This is in
comparison to the three months ended on March 31, 2007, where our net operating
loss was $13,049 after interest expense of $440.  The increase in our
net loss between the two periods was due to the higher operating expenses we
experienced as a result of being a public company.
 
 Our Plan of Operation for the Next
Twelve Months.   During 2007, we raised $51,550 pursuant
to our Registration Statement on Form SB-2. We have used some of those proceeds
for working capital. We had hoped to use some of the proceeds to begin marketing
and promoting our services as well as conducting market research but we have
been unable to conduct marketing activities.  Over the last twelve
months, our ability to market our services has been significantly hindered due
to the pregnancy of Brittany Prager, our president, secretary and a director. We
may need to hire a sales and marketing representative and, therefore, we may
need to spend more funds on marketing and promotion than we have initially
estimated. Our failure to market and promote our services will hinder our
ability to increase the size of our operations and generate revenues. If we are
not able to generate revenues that cover our estimated operating costs, our
business may ultimately fail.
  14
 
 During
the next three to six months, our primary objective is to begin obtaining
clients so that we generate revenues to support our operations. During the next
six to twelve months, we hope to expand our operations and service several
accounts. We will need to raise additional capital to fund all of our proposed
business activities and fully implement our business plan.
 
 To
effectuate our business plan during the next twelve months, we intend to pursue
accounts by researching and contacting small to medium size companies that
participate in the Las Vegas conventions. We are developing sales and marketing
materials including brochures describing the services that we provide so that we
can provide a professional appearance to potential clients.
 
 We have
cash and cash equivalents of $26,060 as of March 31, 2008.  In the
opinion of management, available funds will not satisfy our working capital
requirements to operate at our current level of activity for the next twelve
months. Our forecast for the period for which our financial resources will be
adequate to support our operations involves risks and uncertainties and actual
results could fail as a result of a number of factors. In order to implement our
business plan in the manner we envision, we will need to raise additional
capital in addition to the funds that we recently raised.  We cannot
guaranty that we will be able to raise additional funds. Moreover, in the event
that we can raise additional funds, we cannot guaranty that additional funding
will be available on favorable terms. In the event that we experience a
shortfall in our capital, we hope that our officers, directors and principal
shareholders will contribute funds to pay for our expenses to achieve our
objectives over the next twelve months.
 
 We are
not currently conducting any research and development activities.  We
do not anticipate conducting such activities in the near future. In the event
that we expand our customer base, then we may need to hire additional employees
or independent contractors as well as purchase or lease additional equipment.
Our management believes that we do not require the services of independent
contractors to operate at our current level of activity.  However, if
our level of operations increases beyond the level that our current staff can
provide, then we may need to supplement our staff in this manner.
 
 Because
we have limited operations and assets, we may be considered a shell company as
defined in Rule 12b-2 of the Securities Exchange Act of 1934. Accordingly, we
have checked the box on the cover page of this report that specifies we are a
shell company.
  Off-Balance Sheet Arrangements.We have no off-balance sheet arrangements.
 
 Item 3. Quantitative and
Qualitative Disclosures about Market Risk
  Not
applicable.
  Item 4. Controls and
Procedures
 
 Evaluation of disclosure controls and
procedures. We maintain controls and procedures designed to ensure that
information required to be disclosed in the reports that we file or submit under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the rules and forms of the
Securities and Exchange Commission. Based upon their evaluation of those
controls and procedures performed as of March 31, 2008, the date of this report,
our chief executive officer and the principal financial officer concluded that
our disclosure controls and procedures were effective.
 
 Item 4(T). Controls and
Procedures.
 
 Changes in internal controls.There were no changes in our internal control over financial reporting
that occurred during the fiscal quarter covered by this report that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.
  15
  PART
II — OTHER INFORMATION
 
 Item 1. Legal
Proceedings.
 
 None.
 
 Item 1A. Risk
Factors.
 
 Not
applicable.
 
 Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
 
 None.
 
 Item 3.  Defaults
Upon Senior Securities
 
 None.
 
 Item
4.  Submission of Matters to Vote of Security
Holders
 
 None.
 
 Item 5.  Other
Information
 
 None.
 
 Item
6.  Exhibits
  31. Rule 13a-14(a)/15d-14(a) Certifications.
  32.
Section 1350 Certifications.
  16
  SIGNATURES
 
 In
accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
  BLS
      Media, Inc.,
                a
      Nevada corporationMay
      14, 2008
              By:
              /s/ Brittany
      PragerBrittany
      Prager
                Principal Executive Officer,
                President and a Director
 May
      14, 2008
              By:
              /s/ Gary
      PragerGary
      Prager
                Principal Accounting Officer,
                Chief Financial Officer






17