**UNITED
          STATES**
 **SECURITIES
          AND EXCHANGE COMMISSION**
 **Washington,
          D.C. 20549**
  
 **FORM
          10-QSB**
  x **QUARTERLY
        REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR
        THE
        QUARTERLY PERIOD ENDED MARCH 31, 2007**
  o **TRANSITION
        REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
        1934**
 For the transition period from  to
  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
o No
 
 Indicate
        by check mark whether the registrant is a shell company (as defined in Rule
        12b-2 of the Exchange Act).
 xYes
o No
 
 **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
        11,
        2007, there were 4,000,000 shares of the issuer's $.001 par value common
        stock
        issued and outstanding.
   Transitional
        Small Business Disclosure format (check one):
 oYes
x No
  1
  **PART
        I - FINANCIAL INFORMATION**
 
 **Item
        1. Financial Statements**
   2
  **BLS
          MEDIA, INC.**
 **(A
          Development Stage Company)**
 **BALANCE
          SHEET**
 **MARCH
          31, 2007**
 **(UNAUDITED)**
   **ASSETS**Current
                      assetsCash
                  
                  $
                  16,304Total
                      current assets
                  
                  
                  16,304Property
                      and equipment, net of $18 accumulated depreciation
                  
                  
                  2,089Total
                      assets
                  
                  $
                  18,393**LIABILITIES
                      AND STOCKHOLDERS’ DEFICIT**
 Current
                      liabilitiesAccounts
                      payable and accrued expenses
                  
                  $
                  15,456Loan
                      from stockholder
                  
                  
                  22,000Total
                      current liabilities
                  
                  
                  37,456Stockholders’
                      deficitCommon
                      stock, $.001 par value; 100,000,000 shares
                      authorized,4,000,000
                      shares issued and outstanding
                  
                  
                  4,000Additional
                      paid-in capital
                  
                  
                  1,000Deficit
                      accumulated during the development stage
                  
                  
                  (24,063
                  )Total
                      stockholders’ deficit
                  
                  
                  (19,063
                  )Total
                      liabilities and stockholders’ deficit
                  
                  $
                  18,393
 
 **See
            accompanying notes to unaudited financial statements.**
  3
  **BLS
            MEDIA, INC.**
 **(A
            Development Stage Company)**
 **STATEMENTS
            OF OPERATIONS**
 **(UNAUDITED)**
 
 **For
                        the Period****of
                        Inception****For
                        the Three**
                    
                    **(October
                        31,****Months
Ended**
                    
                    **2006)
                        to****March
                        31, 2007**
                    
                    **March
                        31, 2007**Net
                        revenue
                    
                    $
                    403
                    
                    $
                    403Operating
                        expensesLegal
                        and professional
                    
                    
                    11,574
                    
                    
                    22,169Other
                        general and administrative
                    
                    
                    1,438
                    
                    
                    1,838Total
                        operating expenses
                    
                    
                    13,012
                    
                    
                    24,007Net
                        operating loss
                    
                    
                    (12,609
                    )
                    
                    (23,604
                    )Interest
                        expense
                    
                    
                    (440
                    )
                    
                    (459
                    )Loss
                        before income taxes
                    
                    
                    (13,049
                    )
                    
                    (24,063
                    )Provision
                        for income taxes
                    
                    
                    -
                    
                    
                    -Net
                        loss
                    
                    $
                    (13,049
                    )
                    $
                    (24,063
                    )Net
                        loss per common share - basic and diluted
                    
                    $
                    -
                    
                    $
                    (0.01
                    )Weighted
                        average of common shares - basic and diluted
                    
                    $
                    4,000,000
                    
                    $
                    4,000,000
 See
          accompanying notes to unaudited financial
          statements.
  4
  **Deficit****Accumulated****Common
                      Stock**
                  
                  **Additional**
                  
                  **During**
                  
                  **Total****Number
                      of Shares**
                  
                  **Amount**
                  
                  **Paid-In**
                    **Capital**
                  
                  **Development
                      Stage**
                  
                  **Stockholders’
                      Equity (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
                  )Additional
                      paid-in capital in exchange for facilities provided by related
                      party
                  
                  
                  -
                  
                  
                  -
                  
                  
                  600
                  
                  
                  -
                  
                  
                  600Net
                      loss
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (13,049
                  )
                  
                  (13,049
                  )Balance,
                      March 31, 2007 (Unaudited)
                  
                  
                  4,000,000
                  
                  $
                  4,000
                  
                  $
                  1,000
                  
                  $
                  (24,063
                  )
                  $
                  (19,063
                  )
   See
          accompanying notes to unaudited financial
          statements.
 5
  **BLS
          MEDIA, INC.**
 **(A
          Development Stage Company)**
 **STATEMENTS
          OF CASH FLOWS**
 **(UNAUDITED)**
  **For
                      the Period****For
                      the Three**
                  
                  **of
                      Inception****Months**
                  
                  **(October
                      31,****Ended**
                  
                  **2006)
                      to****March
                      31, 2007**
                  
                  **March
                      31, 2007**Cash
                      flows from operating activitiesNet
                      loss
                  
                  $
                  (13,049
                  )
                  $
                  (24,063
                  )Adjustments
                      to reconcile net loss to net cash provided by (used in) operating
                      activitiesAdditional
                      paid-in capital in exchange for facilities provided by related
                      party
                  
                  
                  600
                  
                  
                  1,000Depreciation
                  
                  
                  18
                  
                  
                  18Changes
                      in operating assets and liabilitiesIncrease
                      in accounts payable and accrued expenses
                  
                  
                  4,842
                  
                  
                  15,456Net
                      cash used in operating activities
                  
                  
                  (7,589
                  )
                  
                  (7,589
                  )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
                  
                  
                  -
                  
                  
                  4,000Net
                      cash provided by financing activities
                  
                  
                  -
                  
                  
                  26,000Net
                      increase (decrease) in cash
                  
                  
                  (9,696
                  )
                  
                  16,304Cash,
                      beginning of period
                  
                  
                  26,000
                  
                  
                  -Cash,
                      end of period
                  
                  $
                  16,304
                  
                  $
                  16,304**Supplemental
                      disclosure of cash flow information**Income
                      taxes paid
                  
                  $
                  -
                  
                  $
                  -Interest
                      paid
                  
                  $
                  -
                  
                  $
                  -
   **See
        accompanying notes to unaudited financial
        statements.**
  6
  **BLS
            MEDIA, INC.**
 **(A
            Development Stage Company)**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **MARCH
            31, 2007**
 **(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.
 
 **Video
          Production Services.** The
          Company offers full video production services from concept to finished
          program
          including:
  ·
                  Corporate
                      Video Services.The Company specializes in designing video for internal corporate
                      communications. Their unique approach of creating and maximizing
                      the ease,
                      use, and impact of the video for the busy
                      professional.
 ·
                  Performance
                      Arts Video Services.
                      For artists, the Company specializes in creating mini-documentaries
                      for
                      broadcast as well as use for promotional, funding, and booking
                      uses. The
                      mini-documentary format gives artists a chance to tell their
                      story in an
                      exciting new way.
 **Public
          Relations Services.** The
          Company provides public relations services under the trade name “Positively PR”
and includes:
  ·
                  creating
                      specific and strategic media plans according to client needs
                      and adhering
                      to a strict and detailed timeline;
 ·
                  identifying
                      and focus on client’s target
                      market;
 ·
                  identifying
                      media outlets integral to obtaining positive public relations
                      and,
 ·
                  developing
                      media kits, among other
                      services.
  **Copy
          Editing and Proofreading Services.** The
          Company provides copy editing and proofreading services under the trade
          name
“Get it Write!”. They offer their copy editing and proofreading services to
          fine-tune their clients’ written materials.
 
 7
  **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
  
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 **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.
 
 **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 SFAS 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, 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 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.
 
 8
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 **Provision
          for Income Taxes**
 
 The
          Company accounts for income taxes under SFAS 109, “ *Accounting
          for Income Taxes* ”.
          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.
          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,
          2007,
          the Company had no other components of comprehensive loss other than net
          loss as
          reported on the statements 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, 2007, the Company did not have any equity or
          debt
          instruments outstanding that could be converted into common stock.
  9
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 **Recent
          Accounting Pronouncements**
 
 SFAS
          No. 153 - In
          December 2004, the FASB issued Statement of Financial Accounting Standards
          No.
          153, “ *Exchanges
          of Nonmonetary Assets, an amendment of APB Opinion 29* ”
(SFAS
          153). SFAS 153 requires that exchanges of nonmonetary assets be measured
          based
          on the fair values of the assets exchanged, and eliminates the exception
          to this
          principle under APB Opinion 29 for exchanges of similar productive assets.
          The
          Company adopted the new standard in the first interim period beginning
          after
          June 15, 2005. The impact of the adoption of SFAS 153 is not material to
          the
          Company’s overall results of operations or financial position.
 
 FASB
          Interpretation No. 47 - In
          March 2005, the FASB issued FASB Interpretation No. 47, “ *Accounting
          for Conditional Asset Retirement Obligations* ” (FIN
          47). This Interpretation clarifies that the term *conditional asset retirement obligation* as used
          in FASB Statement No. 143, ** “ *Accounting
          for Asset Retirement Obligations* ” *,* refers
          to a legal obligation to perform an asset retirement activity in which
          the
          timing and (or) method of settlement are conditional on a future event
          that may
          or may not be within the control of the entity. The obligation to perform
          the
          asset retirement activity is unconditional even though uncertainty exists
          about
          the timing and (or) method of settlement. Thus, the timing and (or) method
          of
          settlement may be conditional on a future event. Accordingly, an entity
          is
          required to recognize a liability for the fair value of a conditional asset
          retirement obligation if the fair value of the liability can be reasonably
          estimated. The fair value of a liability for the conditional asset retirement
          obligation should be recognized when incurred, generally upon acquisition,
          construction, or development and (or) through the normal operation of the
          asset.
          Uncertainty about the timing and (or) method of settlement of a conditional
          asset retirement obligation should be factored into the measurement of
          the
          liability when sufficient information exists. Statement 143 acknowledges
          that in
          some cases, sufficient information may not be available to reasonably estimate
          the fair value of an asset retirement obligation. This Interpretation also
          clarifies when an entity would have sufficient information to reasonably
          estimate the fair value of an asset retirement obligation. FIN 47 is effective
          no later than the end of fiscal years ending after December 15, 2005.
          Retrospective application for interim financial information is permitted
          but is
          not required. The Company adopted the new standard for the year ended December
          31, 2006. The impact of the adoption of FIN 47 is not material to the Company’s
          overall results of operations or financial position.
  10
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 SFAS
          No. 154 - In May
          2005, the FASB issued SFAS No. 154, “ *Accounting
          Changes and Error Corrections* ” .
          This
          Statement replaces APB Opinion No. 20, “ *Accounting
          Changes* ” *,* and SFAS
          No. 3, “ *Reporting
          Accounting Changes in Interim Financial Statements* ”, and
          changes the requirements for the accounting for and reporting of a change
          in
          accounting principle. Opinion 20 previously required that most voluntary
          changes
          in accounting principle be recognized by including in net income of the
          period
          of the change the cumulative effect of changing to the new accounting principle.
          This Statement requires retrospective application to prior periods’ financial
          statements of changes in accounting principle, unless it is impracticable
          to
          determine either the period-specific effects or the cumulative effect of
          the
          change. The provisions in SFAS 154 are effective for accounting changes
          and
          corrections of errors made in fiscal years beginning after December 15,
          2005.
          The Company adopted the new standard for the year ended December 31, 2006.
          The
          impact of the adoption of SFAS 154 is not material to the Company’s overall
          results of operations or financial position.
 
 SFAS
          No. 155 - In
          February 2006, FASB issued Statement 155, “ *Accounting
          for Certain Hybrid Financial Instruments* ” .
          This
          Statement amends FASB Statement 133, “ *Accounting
          for Derivative Instruments and Hedging Activities* ” ,
          and
          FASB Statement 140, “ *Accounting
          for Transfers and Servicing of Financial Assets and Extinguishments of
          Liabilities* ” .
          Statement 155 permits fair value remeasurement for any hybrid financial
          instrument that contains an embedded derivative that otherwise would require
          bifurcation, clarifies which interest-only strips and principal-only strips
          are
          not subject to the requirements of Statement 133, establishes a requirement
          to
          evaluate interest in securitized financial assets to identify interests
          that are
          freestanding derivatives or that are hybrid financial instruments that
          contain
          an embedded derivative requiring bifurcation, clarifies that concentrations
          of
          credit risk in the form of subordination are not embedded derivatives,
          and
          amends Statement 140 to eliminate the prohibition on the qualifying
          special-purpose entity from holding a derivative financial instrument that
          pertains to a beneficial interest other than another derivative financial
          instrument. This statement is effective for all financial instruments acquired
          or issued after the beginning of the Company’s first fiscal year that begins
          after September 15, 2006. The Company believes that the adoption of this
          standard will not a have a material impact on its financial
          statements.
  11
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 SFAS
          No. 156 - In
          March 2006, the FASB issued Statement 156, “ *Accounting
          for Servicing of Financial Assets - an amendment of FASB Statement No.
          140* ” .
          This
          Statement amends FASB Statement No. 140, “ *Accounting
          for Transfers and Servicing of Financial Assets and Extinguishments of
          Liabilities* ” ,
          with
          respect to the accounting for separately recognized servicing assets and
          servicing liabilities. This statement requires an entity to recognize a
          servicing asset or servicing liability each time it undertakes an obligation
          to
          service a financial asset by entering into a servicing contract in certain
          situations, and also requires all separately recognized servicing assets
          and
          servicing liabilities to be initially measured at fair value, if practicable.
          This statement is effective at the beginning of its first fiscal year that
          begins after September 15, 2006. Earlier adoption is permitted as of the
          beginning of an entity’s fiscal year, provided the entity has not yet issued
          financial statements, including interim financial statements, for any period
          of
          that fiscal year. The effective date of this Statement is the date an entity
          adopts the requirements of this Statement. The Company believes that the
          adoption of this standard will not a have a material impact on its financial
          statements.
 
 FASB
          Interpretation No. 48 - In
          July 2006, the FASB issued Interpretation No. 48, “ *Accounting
          for Uncertainty in Income Taxes* ” (FIN
          48), which supplements SFAS No. 109, “ *Accounting
          for Income Taxes* ” ,
          by
          defining the confidence level that a tax position must meet in order to
          be
          recognized in the financial statements. The Interpretation requires that
          the tax
          effects of a position be recognized only if it is “more-likely-than-not” to be
          sustained based solely on its technical merits as of the reporting date.
          The
          more-likely-than-not threshold represents a positive assertion by management
          that a company is entitled to the economic benefits of a tax position.
          If a tax
          position is not considered more-likely-than-not to be sustained based solely
          on
          its technical merits, no benefits of the position are to be recognized.
          This
          Interpretation is effective for fiscal years beginning after December 15,
          2006.
          The Company is currently assessing the potential effect of FIN 48 on its
          financial statements.
  12
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 **1.**
                **NATURE
                    OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
                    POLICIES**(Continued)
 
 SFAS
            No. 157 - In
            September 2006, the FASB issued Statement 157, “ *Fair
            Value Measurements* ”. This
            Statement defines fair value, establishes a framework for measuring fair
            value
            in generally accepted accounting principles (GAAP), and expands disclosures
            about fair value measurements. This Statement applies under other accounting
            pronouncements that require or permit fair value measurements, the Board
            having
            previously concluded in those accounting pronouncements that fair value
            is the
            relevant
 
 SFAS
          No. 158 - 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 believes that the adoption of this standard will not a have a material
          impact on its financial statements.
  13
 **BLS
              MEDIA, INC.**
 **(A
              Development Stage Company)**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **MARCH
              31, 2007**
 **(UNAUDITED)**
 **2.**
                  **GOING
                      CONCERN**
  As
          shown
          in the accompanying financial statements, the Company has incurred a net
          operating loss of $(24,063) from inception (October 31, 2006) through March
          31,
          2007.
 
 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 and services 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, 2007.
  **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 is 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.
 **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.
  14
 **BLS
                    MEDIA, INC.**
 **(A
                    Development Stage Company)**
 **NOTES
                    TO FINANCIAL STATEMENTS**
 **MARCH
                    31, 2007**
 **(UNAUDITED)**
 
 **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, 2007, the Company had federal net operating loss carryforwards
          of
          approximately ($24,000), which can be used to offset future federal income
          tax.
          The federal and state net operating loss carryforwards expire at various
          dates
          through 2027. 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.
  15
 **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, 2006, together with notes thereto
        as previously filed with our Registration Statement on Form SB-2. In addition,
        these accounting policies are described at relevant sections in this discussion
        and analysis and in the notes to the unaudited financial statements included
        in
        our Quarterly Report on Form 10-QSB for the period ended March 31,
        2007.
 
 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.
  16
  **Liquidity
        and Capital Resources.** We
        had
        cash of $16,304 as of March 31, 2007, which equals our total current assets
        as
        of that date .
        Our
        total assets of $18,393 as of March 31, 2007, included our current assets
        of
        $16,304, and property and equipment of $2,089, net of $18 accumulated
        depreciation.
 
 Our
        current liabilities were $37,456 as of March 31, 2007, which was represented
        by
        accounts payable of $15,456 and a loan of $22,000 from Gary Prager, our officer,
        principal shareholder and one of our directors. T he
        note
        bears interest at 8% and is due upon demand, no later than December 28, 2007.
        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,
        2007.
 
 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, and we
        are
        currently attempting to sell the shares that we registered. We hope to sell
        a
        significant portion of those shares so that we will have sufficient capital
        to
        fund our operations.
 
 During
        2007, we expect to incur significant accounting costs associated with the
        audit
        and interim reviews of our financial statements. We
        expect
        that the
        legal
        and accounting costs of becoming 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 becoming 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, 2007.**
 
 **Results
        of Operations.**
 
 **Revenues.**  We
        had
        net revenues of $403 for the three months ended March 31, 2007 from our copy
        editing services. We hope to generate greater revenues as operations continue
        and we fully implement our business plan.
 
 **Operating
        Expenses.** For
        the
        three months ended March 31, 2007, our total operating expenses were $13,012.
        Our total operating expenses is attributed to professional fees, which is
        attributed to the increased legal expenses and accounting expenses related
        to
        the audit of our financial statements and in preparing our Registration
        Statement on Form SB-2. We
        expect
        that we will continue to incur significant legal and accounting expenses
        related
        to being a public company. For the
        three months ended March 31, 2007, we had legal and professional expenses
        of
        $11,574, and other 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, 2007, our net operating loss was $12,609; our
        net
        loss was $13,049 after our interest expense of $440 and a provision for income
        taxes of $0. We expect to continue to incur net losses for the foreseeable
        future and until we generate significant revenues.
 
 **Our
        Plan of Operation for the Next Twelve Months.**  To
        effectuate our business plan during the next twelve months, we must raise
        at
        least $100,000 in our offering and begin to market and promote our services.
        If
        we are able to raise sufficient funds, we intend to purchase computer equipment
        and conduct market research and begin marketing our services to potential
        clients. 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.
 
 During
        the next three to six months, our primary objective is to raise sufficient
        funds
        and begin to obtain 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 believe that the size
        of
        our operations may vary depending on the amount of funds raised, since we
        believe that the size of our operations will increase because we will be
        able to
        increase our marketing activities. If we do not raise adequate funds, we
        may not
        be able to market our services. We need to raise at least $100,000 to pay
for
        the
        costs of our offering and fund our proposed business activities. We believe
        that
        we will need to raise $400,000 to fully implement our business plan. However,
        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 additional revenues.
        If we are not able to generate additional revenues that cover our estimated
        operating costs, our business may ultimately fail.
  17
  We
        have
        cash and cash equivalents of $16,304 as of March 31, 2007. 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. Those
        funds
        do not include any of the funds that we hope to raise in our offering pursuant
        to our effective Registration Statement on Form SB-2. We will not be able
        to
        implement our business plan in the manner we envision unless we raise sufficient
        funds. 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 expand
        our
        operations, we do not currently anticipate that we will need to raise additional
        capital in addition to the funds that we are attempting to raise in our
        offering. If we do not raise at least $100,000 from this offering, then we
        may
        not be able to pay for the expenses of this offering, fund our operations,
        conduct marketing activities and expand our operations. In the event that
        we
        experience a shortfall in our capital, we hope that our officers, director
        and
        principal shareholders will contribute funds to pay for our expenses to achieve
        our objectives over the next twelve months. We cannot guaranty that additional
        funding will be available on favorable terms, if at all.
 
 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.
 
 The
        following risk factors should be considered carefully in evaluating our business
        before purchasing any of our shares of common stock.
 
 **Risks
        related to our business:**
 
 **We
        may not be able to further implement our business strategy unless sufficient
        funds are raised in our offering pursuant to our Registration Statement on
        Form
        SB-2. If we do not raise at least $100,000 we may have to cease operations,
        which could cause investors to lose their investment in us.** ****
 
 In
        order
        to fund our operations, we believe that we need minimum proceeds of
        approximately $100,000 from our offering pursuant to our Registration Statement
        on Form SB-2. We believe that $100,000 will be sufficient to pay for the
        expenses of being a public company and conduct our proposed business activities.
        Moreover, we hope to raise $400,000, which would allow us to implement our
        business plan to the full extent that we envision. We may not realize sufficient
        proceeds to complete further business development costs, or to provide adequate
        cash flow for planned business activities. Our inability to raise sufficient
        funds may significantly hinder our ability to continue operations. If we
        fail to
        raise sufficient funds in our offering, investors may lose their entire cash
        investment.
 
 **We
        have a limited operating history upon which an evaluation of our prospects
        can
        be made.**
 
 We
        were
        incorporated in October 2006. Our lack of operating history makes an evaluation
        of our business and prospects very difficult. Our prospects must be considered
        speculative, considering the risks, expenses, and difficulties frequently
        encountered in the establishment of a new business. We cannot be certain
        that
        our business will be successful or that we will generate significant
        revenues.
  18
  **Because
        we are a development stage company, we have limited revenues to sustain our
        operations.**
 
 We
        are a
        development stage company that is currently developing our business. To date,
        we
        have only generated very limited revenues. The success of our business
        operations will depend upon our ability to obtain clients and provides quality
        services to those clients. We are not able to predict whether we will be
        able to
        develop our business and generate significant revenues. If we are not able
        to
        complete the successful development of our business plan, generate significant
        revenues and attain sustainable operations, then our business will fail.
 
 **Our
        auditors have expressed substantial doubt regarding our ability to continue
        operations as a “going concern.” Investors may lose all of their investment if
        we are unable to continue operations and generate revenues, or if we do not
        raise sufficient funds in our offering**  **pursuant
        to our Registration Statement on Form SB-2.**
 
 We
        have
        recently generated minimal revenues from our operations. In the absence of
        significant sales and profits, we will seek to raise additional funds to
        meet
        our working capital needs principally through the additional sales of our
        securities. However, we cannot guaranty that we will be able to obtain
        sufficient additional funds when needed, such as the funds we are attempting
        to
        raise in our offering pursuant to our Registration Statement on Form SB-2,
        or
        that such funds, if available, will be obtainable on terms satisfactory to
        us.
        If we do not raise sufficient funds in that offering, we may not be able
        to
        continue in business. As a result, our auditors believe that substantial
        doubt
        exists about our ability to continue operations.
 
 **Item
        3. Controls and Procedures**
 
 (a)
        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,
        2007, the date of this report, our chief executive officer and the principal
        financial officer concluded that our disclosure controls and procedures were
        effective.
 
 (b)
        Changes in internal controls. There were no significant changes in our internal
        controls or in other factors that could significantly affect these controls
        subsequent to the date of the evaluation of those controls by the chief
        executive officer and principal financial officer.
 
 
 **PART
        II — OTHER INFORMATION**
 
 **Item
        1. Legal Proceedings.**
 
 None.
 
 **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.
  19
  **Item
        6. Exhibits**
  31.
        Rule
        13a-14(a)/15d-14(a) Certifications .
  32.
        Section 1350 Certifications.
   20
  **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 corporation**Date: May
                11,
                2007
              By:
              /s/ Brittany
                PragerIts:
              Principal
                Executive Officer,President
                and a
                Director
 Date: May
                  11,
                  2007
                By:
                /s/ Gary
                  PragerIts:
                Principal
                  Accounting Officer,Chief
                  Financial Officer
 
 21