U.S. 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: SEPTEMBER 30, 2007

                                       OR

[_]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934

                   For the transition period from ___ to ____

                         Commission File Number 0-31012

                       NT MEDIA CORP. OF CALIFORNIA, INC.
           (NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

              DELAWARE                                         94-3357128
-----------------------------------                       ----------------------
    (State of other jurisdiction                            (I.R.S. Employer
  of incorporation or organization)                       Identification Number)

      7800 Oceanus Drive
    Los Angeles, California                                        90046
----------------------------------------                          --------
(Address of Principal Executive Offices)                          Zip Code

                    Issuer's telephone number: (323) 445-4833


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

Check whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). Yes [_] No [X]

Number of shares outstanding as of November 13, 2007:  2,628,429 common shares.

Transitional Small Business Disclosure Format: Yes [_] No [X]


<PAGE>


                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.           FINANCIAL STATEMENTS

               NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)
                                                                   SEPTEMBER 30,
                                                                        2007
                                                                   ------------
                                    ASSETS
CURRENT ASSETS

         Cash and cash equivalents .............................   $         10
                                                                   ------------
TOTAL CURRENT ASSETS ...........................................   $         10
                                                                   ============

                     LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
         Accounts payable ......................................   $    323,056
         Accrued liabilities ...................................        347,155
         Accrued liabilities to related parties ................        727,107
         Notes payable .........................................        772,916
         Notes payable related party ...........................          6,000
         Convertible notes payable .............................        287,200
         Convertible notes payable, related party ..............        630,600
         Accrued litigation settlement .........................        113,178
                                                                   ------------
TOTAL CURRENT LIABILITIES ......................................      3,207,212



COMMITMENTS AND CONTINGENCIES ..................................           --

STOCKHOLDERS' DEFICIT
         Preferred stock, $0.001 par value, 5,000,000 shares
                authorized; 0 shares issued and outstanding ....           --
         Common stock; $0.001 par value; 1,000,000,000 shares
                authorized; 1,506,529 shares issued and
                outstanding ....................................          1,507
         Additional paid-in capital ............................      2,768,793
         Deficit accumulated during the development stage ......     (5,977,502)
                                                                   ------------
TOTAL STOCKHOLDERS' DEFICIT ....................................     (3,207,202)
                                                                   ------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT ....................   $         10
                                                                   ============


                                       2
<PAGE>


               NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                        THREE MONTHS ENDED
                                                   ----------------------------
                                                   SEPTEMBER 30,   SEPTEMBER 30,
                                                       2007            2006
                                                   ------------    ------------

REVENUE ........................................   $       --      $       --
                                                   ------------    ------------
COSTS AND EXPENSES
          General and administrative ...........        347,025         201,275
          Impairment of film costs .............           --            33,791
          Inventory write-down .................           --            24,820
                                                   ------------    ------------
TOTAL COSTS AND EXPENSES .......................        347,025         259,886
                                                   ------------    ------------

LOSS FROM OPERATIONS ...........................       (347,025)       (259,886)

OTHER (EXPENSE)

          Interest expense .....................        (94,336)        (21,688)
          Interest expense, related party ......         (3,459)         (9,805)
                                                   ------------    ------------
TOTAL OTHER (EXPENSE) ..........................        (97,795)        (31,493)
                                                   ------------    ------------


NET (LOSS) BEFORE PROVISION FOR INCOME TAXES ...       (444,820)       (291,379)

PROVISION FOR INCOME TAXES .....................           --              --
                                                   ------------    ------------

NET (LOSS) .....................................   $   (444,820)   $   (291,379)
                                                   ============    ============
NET (LOSS) PER SHARE:
          BASIC AND DILUTED ....................   $      (0.39)   $      (0.49)
                                                   ============    ============
WEIGHTED AVERAGE SHARES OUTSTANDING:
          BASIC AND DILUTED ....................      1,134,981         596,798
                                                   ============    ============

                               SEE ACCOMPANY NOTES


                                       3
<PAGE>


<TABLE>
               NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<CAPTION>
                                                                              CUMULATIVE FROM
                                                     NINE MONTHS ENDED         JUNE 4, 1999
                                               ----------------------------   (INCEPTION) TO
                                               SEPTEMBER 30,   SEPTEMBER 30,   SEPTEMBER 30,
                                                   2007            2006            2007
                                               ------------    ------------    ------------
<S>                                            <C>             <C>             <C>
REVENUE ....................................   $       --      $       --      $    385,997
                                               ------------    ------------    ------------
COSTS AND EXPENSES
   General and administrative ..............        614,478         288,343       4,835,667
   Depreciation and amortization ...........           --              --           132,077
   Impairment of film costs ................           --            33,791         156,445
   Impairment of related party receivables .           --              --            35,383
   Inventory Write-down ....................           --            24,820          24,820
   Loss on litigation settlement ...........           --              --           100,000
                                               ------------    ------------    ------------

TOTAL COSTS AND EXPENSES ...................        614,478         346,954       5,284,392
                                               ------------    ------------    ------------

LOSS FROM OPERATIONS .......................       (614,478)       (346,954)     (4,898,395)

OTHER INCOME (EXPENSE)
   Interest income, related party ..........           --             2,084          23,154
   Interest expense ........................       (134,312)        (68,204)       (391,945)
   Interest expense, related party .........        (30,993)        (29,414)       (325,855)
   Loan fees ...............................           --              --          (616,000)
   Debt forgiven ...........................           --              --           290,595
   Legal fees forgiven .....................           --              --            12,296
   Provision for common stock subscription
      receivable ...........................           --           (91,552)        (91,552)
                                               ------------    ------------    ------------

TOTAL OTHER INCOME (EXPENSE) ...............       (165,305)       (187,086)     (1,099,307)
                                               ------------    ------------    ------------

NET (LOSS) BEFORE MINORITY INTEREST
   AND PROVISION FOR INCOME TAXES ..........       (779,783)       (534,040)     (5,997,702)

MINORITY INTEREST ..........................           --              --            33,000

NET (LOSS) BEFORE PROVISION FOR INCOME TAXES       (779,783)       (534,040)     (5,964,702)


PROVISION FOR INCOME TAXES .................            800           1,600          12,800
                                               ------------    ------------    ------------

NET (LOSS) .................................   $   (780,583)   $   (535,640)   $ (5,977,502)
                                               ============    ============    ============
NET (LOSS) PER SHARE:
   BASIC AND DILUTED .......................   $      (0.90)   $      (1.16)
                                               ============    ============
WEIGHTED AVERAGE SHARES OUTSTANDING:
   BASIC AND DILUTED                                865,612         463,607
                                               ============    ============
</TABLE>

                               SEE ACCOMPANY NOTES


                                       4
<PAGE>


<TABLE>
               NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<CAPTION>
                                                                                                  CUMULATIVE FROM
                                                                         NINE MONTHS ENDED         JUNE 4, 1999
                                                                   ----------------------------   (INCEPTION) TO
                                                                   SEPTEMBER 30,   SEPTEMBER 30,   SEPTEMBER 30,
                                                                       2007            2006            2007
                                                                   ------------    ------------    ------------
<S>                                                                <C>             <C>             <C>
CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
   Net loss before minority interest and beneficial
   conversion on accrued interest ..............................   $   (780,583)   $   (535,640)   $ (6,010,502)
   Adjustment to reconcile net loss to net cash
        used in operating activities:
             Depreciation and amortization expense .............           --              --           132,077
             Impairment loss ...................................           --            58,611         336,773
             Inventory write-down ..............................           --            24,820
             Impairment of related party receivables ...........           --              --            35,383
             Operating expenses paid by reducing note receivable           --             1,643          10,000
             Stock issued for services .........................        382,824         175,253         837,827
             Deferred Compensation .............................         10,417          10,417
             Stock issued for loan fees ........................           --           423,000
             Stock options issued for services .................           --              --            60,370
             Legal fees forgiven ...............................           --              --           (12,296)
             Debts forgiven ....................................           --              --          (290,595)
             Beneficial conversion of accrued interest .........         62,500            --            62,500
             Provision for common stock subscription receivable            --            91,552          89,468
   Changes in assets and liabilities:
        Interest receivable ....................................           --            (2,084)        (19,986)
        Inventory ..............................................           --              --           (24,820)
        Prepaid expenses .......................................           --            (8,500)           --
        Other assets ...........................................           --              --           (24,000)
        Litigation settlement ..................................           --              --           100,000
        Accounts payable and accrued expenses ..................        167,245         120,901         987,131
        Accrued expenses, related party ........................         81,669          64,717         683,685
                                                                   ------------    ------------    ------------
Net cash (used in) operating activities ........................        (75,928)        (33,547)     (2,588,748)
                                                                   ------------    ------------    ------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
   Notes receivable from officer ...............................           --              --           (45,048)
   Collection of notes receivable from officer .................           --              --            35,048
   Notes receivable, related parties ...........................           --              --           (50,000)
   Collection of notes receivable, related parties .............           --              --            50,000
   Investment in property and equipment ........................           --              --           (18,879)
   Investment in film costs ....................................           --              --          (133,005)
   Investment in web site development costs ....................           --              --          (292,968)
                                                                   ------------    ------------    ------------
Net cash (used in) investing activities ........................           --              --          (454,852)
                                                                   ------------    ------------    ------------
</TABLE>

                               SEE ACCOMPANY NOTES


                                       5
<PAGE>


<TABLE>
               NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                                   (UNAUDITED)

<CAPTION>
                                                                                         CUMULATIVE FROM
                                                                NINE MONTHS ENDED         JUNE 4, 1999
                                                          ----------------------------   (INCEPTION) TO
                                                          SEPTEMBER 30,   SEPTEMBER 30,   SEPTEMBER 30,
                                                              2007            2006            2007
                                                          ------------    ------------    ------------
<S>                                                       <C>             <C>             <C>
CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
   Proceeds from issuance of common stock .............           --              --         1,254,154
   Proceeds from equity investment of minority interest           --              --            33,000
   Payment of offering costs ..........................           --              --           (66,450)
   Proceeds from notes payable ........................        125,916          32,800         826,916
   Proceeds from note payable, related party ..........         35,857            --           287,142
   Payment of note payable, related party .............        (86,250)           --          (208,952)
   Proceeds from issuance of convertible notes ........           --              --           917,800
                                                          ------------    ------------    ------------
Net cash provided by financing activities .............         75,523          32,500       3,043,610
                                                          ------------    ------------    ------------

NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS ...................................           (405)           (747)             10

CASH AND CASH EQUIVALENTS,
   Beginning of period ................................            415             947            --
                                                          ------------    ------------    ------------
CASH AND CASH EQUIVALENTS,
   End of period ......................................   $         10    $        200    $         10
                                                          ============    ============    ============

SUPPLEMENTAL DISCLOSURES OF
   CASH FLOW INFORMATION:
   Interest paid ......................................   $       --      $       --      $      1,911
                                                          ============    ============    ============
   Income taxes paid ..................................   $      1,600    $      1,600    $      4,000
                                                          ============    ============    ============

NONCASH FINANCING ACTIVITIES;
     Conversion of accrued interest to equity .........   $     60,000    $       --      $     60,000
                                                          ============    ============    ============
     Stock issued for loan fees .......................   $       --      $       --      $    423,000
                                                          ============    ============    ============
</TABLE>

                               SEE ACCOMPANY NOTES


                                       6
<PAGE>


                NT MEDIA CORP. OF CALIFORNIA INC. AND SUBSIDIARY
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2007


NOTE 1.  BASIS OF PRESENTATION

The unaudited  consolidated  financial statements have been prepared by NT Media
Corp.  of  California,  Inc.  and  its  wholly  owned  subsidiary,  eCast  Media
Corporation,  Inc.  (together,  the  "Company"),  in accordance  with  generally
accepted  accounting  principles for interim financial  information and with the
instructions for Form 10-QSB and Regulation S-B as promulgated by the Securities
and Exchange  Commission  ("SEC").  Accordingly,  these  consolidated  financial
statements do not include all of the disclosures  required by generally accepted
accounting  principles  in the United  States of America for complete  financial
statements.  These unaudited interim consolidated financial statements should be
read in conjunction with the audited  consolidated  financial statements and the
notes thereto  include on Form 10-KSB for the period ended December 31, 2006. In
the  opinion  of  management,   the  unaudited  interim  consolidated  financial
statements  furnished  herein  include  all  adjustments,  all of which are of a
normal recurring  nature,  necessary for a fair statement of the results for the
interim  period  presented.  The results of the nine months ended  September 30,
2007 are not  necessarily  indicative of the results to be expected for the full
year ending December 31, 2007.

RECLASSIFICATIONS

Certain prior period  amounts have been  reclassified  to conform to the current
period's   presentation,   none  of  which  had  an  impact  on  total   assets,
stockholders' equity (deficit), net loss, or net loss per share.

RECAPITALIZATION

On  July  18,  2007,  the  Company  filed  a  Certificate  of  Amendment  to its
Certificate of Incorporation  (the  "Amendment")  with the Secretary of State of
the State of Delaware after  stockholders  approved by written consent proposals
to (i) increase the number of authorized shares of Common Stock from 100,000,000
to  1,000,000,000,  and (ii) effect a reverse stock split of the Common Stock of
the  Company in the ratio of  one-hundred  for one  (100:1).  As a result of the
reverse stock split, the Company has restated all prior per share amounts in the
accompanying financial statements.

To  effect  the  reverse  stock  split on the  Over-the-Counter  Bulletin  Board
("OTCBB"),  the  Company's  Common  Stock was  assigned  a new  trading  symbol.
Effective at the opening of business on July 20, 2007, the Company's new trading
symbol on the OTCBB is NTMI.

NOTE 2.  GOING CONCERN AND MANAGEMENT'S PLAN

The  accompanying  consolidated  financial  statements  have  been  prepared  in
conformity with accounting principles generally accepted in the United States of
America,  which contemplates  continuation of the Company as a going concern. As
of and for the period ended September 30, 2007, the Company incurred a net loss,
had an accumulated deficit, and had a working capital deficit.  These conditions
raise  substantial  doubt as to the  Company's  ability to  continue  as a going


                                       7
<PAGE>


concern.  These consolidated financial statements do not include any adjustments
that might  result  from the  outcome of this  uncertainty.  These  consolidated
financial   statements   do  not  include  any   adjustments   relating  to  the
recoverability  and  classification  of recorded asset  amounts,  or amounts and
classification  of  liabilities  that might be  necessary  should the Company be
unable to continue as a going concern.

In order for the Company to meet its financial obligations,  it will continue to
attempt to sell equity or incur debt,  although  there  cannot be any  assurance
that the Company will be successful in doing so.

The Company plans to take advantage of the growth in the mobile digital  content
and digital  music  distribution  sectors  through joint  ventures.  The Company
intends to enter  into  agreements  with  consultants  to assist the  Company in
locating  potential  joint  venture  partners  throughout  the United States and
abroad with concentration in Europe, the Middle East and China. The Company will
attempt to enter into  partnership  agreements  with other  entities in order to
manage  some of the  financial  risk.  The  Company  looks for  development  and
production cycles which are relatively short in nature. The Company's ability to
develop any project is principally  dependent on its ability to raise capital to
fund the project, which is very difficult due to its current financial condition
and lack of history in the  market.  Accordingly,  the Company is limited in its
ability to develop or produce projects that it finds are commercially  appealing
and financially viable.

The  Company's  current  business  operations  are  focused on the  development,
production  and  distribution  of  programming  in the  entertainment  industry,
including  creating music  platforms and skilled gaming in the United States and
abroad and vertical  social and  professional  networks.  The Company intends to
continue to develop media and entertainment assets and channels going forward.

NOTE 3.  NOTES PAYABLE

During the third  quarter of 2007,  the Company  entered  into  agreements  with
certain note holders to convert  accrued  interest  totaling  $65,000 on certain
notes issued on June 30, 2004 with an interest rate of 12%. The  conversion  was
done at a discounted  price resulting in additional  interest expense of $62,500
being  recognized in the current quarter and a total of 450,000 shares of common
stock issued.

The Company is  continuing  to  negotiate  with  certain note holders to convert
outstanding notes payable to common stock.

NOTE 4.  CONVERTIBLE NOTES PAYABLE - RELATED PARTY

As  of  September  30,  2007,  the  Company  had   outstanding  6%  subordinated
convertible  notes in the amounts of $287,200 and  $630,600 to two  shareholders
who owned 5% and 15%,  respectively of the issued and  outstanding  stock of the
Company as of September 30, 2007.  All notes are  convertible  to common shares,
$0.001 par value, at a conversion price that equals the average bid price of the


                                       8
<PAGE>


common stock for the five  trading days  immediately  preceding  the  conversion
date.  The notes are  convertible  when the  Company's  securities  are  trading
publicly and the underlying  stock of the debenture has been registered with the
SEC and declared  effective.  It is mandatory that the notes be converted on the
extended due dates or are due and payable in the event that the Company's shares
of common stock are not publicly traded.  All of these notes are classified as a
current  liability at September 30, 2007,  unless extended prior to the maturity
date. The proceeds were  primarily used for operating  activities as well as for
investing  in Web site  development.  Interest  expense  accrued for the periods
ended September 30, 2007 and 2006 totaled $41,301 and $41,301,  respectively. As
of September 30, 2007, interest accrued on convertible notes totaled $365,031.

During the period ended September 30, 2007, convertible notes as described above
totaling  $641,700 reached their maturity date. These notes were extended for an
additional  period of one year under the same terms and conditions.  The Company
is currently  negotiating  with the note holders to convert the notes along with
accrued interest to shares of common stock.

During  August 2007,  the Company  entered an  agreement  to convert  $40,000 of
indebtedness  into  200,000  shares of common  stock.  The shares were issued in
August 2007.

During  August 2007,  the Company  entered an  agreement  to convert  $25,000 of
indebtedness  into  250,000  shares of common  stock.  The shares were issued in
August 2007.

The shares were  converted at below market  price and  accordingly,  the Company
recorded a beneficial conversion charge of $62,500 as interest expense.

NOTE 5.  EARNINGS PER SHARE

The Company  computes  earnings per common share in accordance with Statement of
Financial Accounting Standards No. 128, "Earnings per Share" (SFAS No. 128). The
Statement requires dual presentation of basic and diluted EPS on the face of the
income statement for all entities with complex capital structures and requires a
reconciliation  of the numerator and denominator of the basic EPS computation to
the numerator and  denominator  of the diluted EPS  computation.  Basic loss per
share is computed by  dividing  loss  available  to common  shareholders  by the
weighted average number of common shares outstanding. The computation of diluted
loss per share is  similar to the basic  loss per share  computation  except the
denominator  is increased to include the number of additional  shares that would
have been  outstanding if the dilutive  potential common shares had been issued.
In  addition,  the  numerator is adjusted for any changes in income or loss that
would result from the assumed  conversions of those potential  shares.  However,
such presentation is not required if the effect is anti-dilutive.  There were no
warrants and options outstanding at September 30, 2007 and 2006.


                                       9
<PAGE>


NOTE 6. SUBSEQUENT EVENTS In October of 2007, the Company issued an aggregate of
50,000  shares of common  stock at 0.25 per share to a  consultant  for services
rendered, valued at approximately $12,500.

During  November 2007, the Company  entered into an agreement to convert $11,250
of indebtedness  into 321,428 shares of common stock.  The shares were issued in
November 2007.

During November 2007, the Company entered into an agreement to convert $6,000 of
indebtedness  into  171,428  shares of common  stock.  The shares were issued in
November 2007.

During  November 2007, the Company  entered into an agreement to convert $13,000
of indebtedness  into 371,428 shares of common stock.  The shares were issued in
November 2007.


                                       10
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

FORWARD-LOOKING STATEMENTS

THE INFORMATION IN THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS FORWARD-LOOKING
STATEMENTS  WITHIN THE MEANING OF SECTION 27A OF THE  SECURITIES ACT OF 1933, AS
AMENDED,  AND SECTION 21E OF THE  SECURITIES  EXCHANGE ACT OF 1934,  AS AMENDED.
THESE  FORWARD-LOOKING  STATEMENTS  INVOLVE RISKS AND  UNCERTAINTIES,  INCLUDING
STATEMENTS  REGARDING OUR CAPITAL NEEDS,  BUSINESS PLANS AND EXPECTATIONS.  SUCH
FORWARD-LOOKING  STATEMENTS INVOLVE RISKS AND UNCERTAINTIES REGARDING THE MARKET
PRICE OF GOLD,  AVAILABILITY  OF FUNDS,  GOVERNMENT  REGULATIONS,  COMMON  SHARE
PRICES, OPERATING COSTS, CAPITAL COSTS, OUTCOMES OF GOLD RECOVERY ACTIVITIES AND
OTHER FACTORS.  FORWARD-LOOKING  STATEMENTS  ARE MADE,  WITHOUT  LIMITATION,  IN
RELATION TO OPERATING PLANS,  PROPERTY EXPLORATION AND GOLD RECOVERY ACTIVITIES,
AVAILABILITY  OF FUNDS,  ENVIRONMENTAL  RECLAMATION,  OPERATING COSTS AND PERMIT
ACQUISITION.  ANY  STATEMENTS  CONTAINED  HEREIN  THAT  ARE  NOT  STATEMENTS  OF
HISTORICAL FACTS MAY BE DEEMED TO BE FORWARD-LOOKING  STATEMENTS. IN SOME CASES,
YOU CAN  IDENTIFY  FORWARD-LOOKING  STATEMENTS  BY  TERMINOLOGY  SUCH AS  "MAY",
"WILL",  "SHOULD",   "EXPECT",   "PLAN",  "INTEND",   "ANTICIPATE",   "BELIEVE",
"ESTIMATE",  "PREDICT", "POTENTIAL" OR "CONTINUE", THE NEGATIVE OF SUCH TERMS OR
OTHER COMPARABLE TERMINOLOGY. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. IN
EVALUATING THESE STATEMENTS,  YOU SHOULD CONSIDER VARIOUS FACTORS, INCLUDING THE
RISKS OUTLINED BELOW,  AND, FROM TIME TO TIME, IN OTHER REPORTS WE FILE WITH THE
SEC.  THESE FACTORS MAY CAUSE OUR ACTUAL RESULTS TO DIFFER  MATERIALLY  FROM ANY
FORWARD-LOOKING  STATEMENT.  WE DISCLAIM ANY OBLIGATION TO PUBLICLY UPDATE THESE
STATEMENTS,  OR DISCLOSE  ANY  DIFFERENCE  BETWEEN ITS ACTUAL  RESULTS AND THOSE
REFLECTED  IN THESE  STATEMENTS.  THE  INFORMATION  CONSTITUTES  FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995.  GIVEN  THESE  UNCERTAINTIES,  READERS  ARE  CAUTIONED  NOT TO PLACE UNDUE
RELIANCE ON SUCH FORWARD-LOOKING STATEMENTS.

OVERVIEW

We primarily are engaged in developing a presence in the digital media space. We
plan to achieve this by  developing  digital  music  platforms,  skilled  online
gaming  sites and  developing  targeted  social  networks.  We also  continue to
explore new opportunities that may emerge.

Obtaining  outside financing will continue to be necessary to meet the Company's
anticipated working capital needs for the foreseeable future. We anticipate that
the  Company's  major  stockholders  will make capital  investments  or loans of
convertible  debt to pay the Company's  operating  expenses for the  foreseeable
future,  but we cannot  assure you that they will commit to making the necessary
capital  investments or loans.  Given the Company's current financial  position,
for the immediate  future,  we expect to operate the Company's  current lines of
business under strict budgetary  constraints in order to keep operating expenses
as low as possible until new core  businesses  are acquired.  We will attempt to
negotiate  extensions of the  Company's  debt  obligations  or negotiate for the
conversion of some or all of the Company's debt into equity;  however, there can
be no assurance that we will be successful.


                                       11
<PAGE>


PLAN OF OPERATIONS

The Company plans to take advantage of the growth in the mobile digital  content
and digital music  distribution  sectors through joint  ventures.  Over the last
several months, the Company has joined the affiliate programs of Apple's iTunes,
Bango PLC,  Blockbuster,  and Shelter From The Store  Records.  These deals have
given NT Media a foothold in the fast growing digital media space. Areas that we
see the most growth potential are different music  platforms,  skilled gaming in
the U.S. and abroad and vertical social and professional networking. The Company
has also  commenced the launching of Targeted  Social  Networks on the internet.
The Company  anticipates to have cash requirements of approximately $4.0 million
in the next 12 months,  the bulk of which would be put toward the  repayment  of
notes that would be due and servicing our debt.  The remainder  will be used for
marketing and professional  services and personnel.  We expect to raise the said
funds through  private  placements of debt and equity  throughout  the year, but
there can be no assurance that we will be successful in such endeavors.

Over the next twelve-month  period, we anticipate  needing the following capital
amounts, broken down as follows:

PURPOSE                                                                 AMOUNT
-------                                                               ----------

Growth Capital for Acquired Subsidiaries .......................      $  350,000
Additional Employees ...........................................      $   70,000
Marketing and Public Relations Campaigns .......................      $  210,000
Participation in Industry and Trade Functions ..................      $   35,000
Ongoing Operations .............................................      $  210,000
Capital needed for total amount of convertible
   notes reaching maturity (unless notes are extended) .........      $  917,800
Capital needed for total amount of notes payable
   reaching maturity (unless notes are extended) ...............      $  778,916
Capital needed to pay accounts payable and accrued
   expenses owing ..............................................      $1,400,000


Our research will  primarily  consist of finding  knowledgeable  agents that can
analyze the business of our potential joint venture partners throughout the U.S.
and abroad with a concentration in Europe, the Middle East and China.

OPERATING RESULTS FOR THE QUARTERS ENDED SEPTEMBER 30, 2007 AND 2006

Operating  expenses increased by $87,139 in the quarter ended September 30, 2007
compared  with the quarter ended  September 30, 2006 due to fees incurred  under
various  consulting  agreements  entered  into  during the third  quarter of the
current year. This increase was partly offset by certain  impairment charges and
inventory write-downs totaling $58,611 recorded in the third quarter of 2006.

Other  expenses,  consisting of interest  expense on the Company's debt, for the
quarter  ended  September  30, 2007  increased by $66,302 over the quarter ended
September 30, 2006 due to the interest expense  resulting from the conversion of


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<PAGE>


accrued  interest on certain  notes payable in the current  year's  quarter (see
Note 4 of Notes To Unaudited Consolidated Financial Statements).

Net loss for the quarter  ended  September  30, 2007 of  $444,820  increased  by
$153,441 over the net loss of $291,379 for the quarter ended  September 30, 2006
as a result of the effects of the above items.

OPERATING RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

Operating  expenses increased by $267,524 in the nine months ended September 30,
2007  compared  with the nine months ended  September 30, 2006 due to consulting
fees  incurred   under  various   consulting   agreements  and  an  increase  in
professional  expenses.  This increase was partly  offset by certain  impairment
charges and inventory write-downs recorded during the nine-period of 2006.

Other  expenses  decreased by $21,781 in the quarter  ended  September  30, 2007
compared  with  the  quarter  ended  September  30,  2006  due  primarily  to an
impairment  provision  recognized  in the prior  year's  period on common  stock
subscription  receivable in the amount of $91,552  offset by $62,500 in interest
expense  recognized  in the current  quarter  resulting  from the  conversion of
accrued  interest on certain  notes  payable  (see Note 4 of Notes To  Unaudited
Consolidated Financial Statements).

Net loss for the nine months  ended  September  30, 2007  increased  by $244,943
compared  with the nine  months  ended  September  30,  2006 as a result  of the
aforementioned  consulting  fees,  an  increase  in  professional  expenses  and
interest  expense from conversion of accrued  interest on certain notes payable,
partly offset by the impairment provision recognized in the prior year period on
common stock subscription receivable.

OFF-BALANCE SHEET ARRANGEMENTS

We have not entered into any  off-balance  sheet  arrangements  that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial  condition,  revenues or expenses,  results of  operations,
liquidity,  capital  expenditures,  or  capital  resources,  and  that  would be
considered material to investors.

LIQUIDITY AND SOURCES OF CAPITAL

We have incurred operating losses since inception.  As of September 30, 2007, we
had an accumulated  deficit of $5,977,502.  At September 30, 2007, we had $10 in
cash or cash equivalents and a net working capital deficit of $3,207,202.

During the last three years,  both the Company and its wholly-owned  subsidiary,
eCast Media  Corporation,  Inc.  ("eCast"),  have been  dependent on borrowed or
invested funds in order to finance their ongoing operations. As of September 30,
2007,  eCast owed $620,000 in  outstanding  debt  represented  by 6% convertible
notes and the Company  owed  $297,800 in  outstanding  debts  represented  by 6%
convertible  notes.  These  notes  were  issued  to two of the  Company's  major
stockholders.  The  entire  balance of  $917,800  is now  classified  as current


                                       13
<PAGE>


liabilities.  During the nine months ended  September  30,  2007,  we borrowed a
total of  $35,857  from the  Company's  President  and a related  party  through
non-interest  bearing  notes and  repaid an  aggregate  of $86,250 to these same
parties.  We also issued notes totaling $125,916 to unrelated parties during the
nine months ended  September 30, 2007 to fund operating and financing  needs. We
anticipate  we  will  continue  borrowing  funds  or  obtain  additional  equity
financing to provide the Company working capital.

The audit report of the Company's independent  registered public accounting firm
for the year ended December 31, 2006 includes a "going concern" explanation.  In
the  auditor's  opinion,   the  Company's  limited  operating  history  and  the
accumulated net deficit as of December 31, 2006, raised  substantial doubt about
the Company's ability to continue as a going concern.  We require  $2,957,000 in
capital  over the next  twelve  months to pay off  accounts  payable and accrued
expenses,  and the convertible  notes and notes payable reaching maturity unless
we are able to obtain additional extensions.

Due to our limited cash flow,  operating  losses and  intangible  assets,  it is
unlikely that we could obtain financing  through  commercial or banking sources.
Consequently,  we are  dependent on  continuous  cash  infusions  from our major
stockholders and other outside sources in order to fund our current  operations.
If these outside  sources are unwilling or unable to provide  necessary  working
capital to us, we will probably not be able to sustain our  operations.  We have
no written  agreements or  contractual  obligations in place which would require
our outside  sources to continue  to finance  our  operations.  The NT Media and
eCast notes are voluntarily  convertible when our or eCast's  securities (as the
case may be) are trading  publicly and the underlying  stock of the  convertible
notes have been registered with the SEC and declared  effective.  If they remain
unpaid,  the notes  will  automatically  convert  to  common  stock on the fifth
anniversary  of  their  respective  issuances.   Unless  extended,  the  current
outstanding  convertible notes will convert during 2007 and 2008 to common stock
with a fair market value in the total amount of $917,800. The Company is also in
the process of negotiating with the note holders to convert the notes along with
accrued interest to shares of the Company's common stock.

As of September 30, 2007,  we are using the offices of the Company's  President,
Ali Moussavi,  at no cost, as the Company's  office.  We expect to maintain this
arrangement  until adequate funds are available to lease an office.  If adequate
funds  do not  become  available,  management  believes  that its  officers  and
directors  will  contribute  capital  amounts  necessary  to fund the  Company's
ongoing  expenses;  however,  the Company's  officers and directors are under no
obligation  to do so. If we are unable to pay the  Company's  debt as it becomes
due and are unable to obtain  financing on terms acceptable to us, or at all, we
will not be able to accomplish any or all of the Company's  initiatives and will
be forced to consider  steps that would  protect the  Company's  assets  against
creditors.

CRITICAL ACCOUNTING POLICIES

There were no critical  accounting  policies that by the nature of the estimates
or  assumptions  are  material  due to the levels of  subjectivity  and judgment
necessary to account for highly uncertain matters or the  susceptibility of such
matters to change.


                                       14
<PAGE>


ITEM 3.  CONTROLS AND PROCEDURES

As required by SEC rules, we have evaluated the  effectiveness of the design and
operation of our  disclosure  controls and  procedures  at the end of the period
covered by this report.  The evaluation  was carried out by our Chief  Executive
Officer and Acting Principal Financial Officer (the "Certifying Officer"). Based
upon this evaluation,  the Certifying  Officer has concluded that the design and
operation  of  our  disclosure  controls  and  procedures  are  effective.  Such
disclosure  controls  and  procedures  are  designed  to  ensure  that  material
information  is made known to the  Certifying  Officer  particularly  during the
period in which this report was prepared. The Certifying Officers have evaluated
the effectiveness of our disclosure controls and procedures as of the end of the
period  covered by this  report and believe  that our  disclosure  controls  and
procedures  are effective  based on the required  evaluation.  During the period
covered  by this  report,  there  were no  changes  in  internal  controls  that
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

While  management  believes that our disclosure  controls and procedures and our
internal control over financial  reporting are effective,  no system of controls
can  prevent  all error and all  fraud.  A control  system,  no matter  how well
designed and operated, can provide only reasonable, not absolute, assurance that
the control system's  objectives will be met.  Further,  the design of a control
system  must  reflect  the fact that  there are  resource  constraints,  and the
benefits of controls must be considered relative to their costs.  Because of the
inherent  limitations  in all control  systems,  no  evaluation  of controls can
provide  absolute  assurance that all control issues and instances of fraud,  if
any, within our company have been detected.  These inherent  limitations include
the  realities  that  judgments  in  decision-making  can be  faulty,  and  that
breakdowns  can occur  because of simple error or mistake.  Controls can also be
circumvented by the individual acts of some persons, by collusion of two or more
people, or by management  override of the controls.  The design of any system of
controls  is based in part upon  certain  assumptions  about the  likelihood  of
future  events,  and there can be no  assurance  that any design will succeed in
achieving its stated goals under all  potential  future  conditions.  Over time,
controls may become inadequate because of changes in conditions or deterioration
in the degree of  compliance  with its  policies or  procedures.  Because of the
inherent  limitations in a cost-effective  control system,  misstatements due to
error or fraud may occur and not be detected.


                                       15
<PAGE>


                                     PART II
OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

We are aware of a threatened  litigation  matter  involving  the  nonpayment  of
certain legal fees. The claim for this matter is approximately $9,000.

There are no other past, pending or, to our knowledge,  threatened litigation or
administrative  actions  which in our opinion have had or are expected to have a
material  adverse  effect upon our business,  prospects  financial  condition or
operations.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS

EXHIBIT NUMBER    DESCRIPTION
-------------     -----------
Exhibit 2.1       Stock Exchange Agreement dated April 17, 2001 (1)

Exhibit 3.1       Certificate of Incorporation dated March 14, 2000 (2)

Exhibit 3.2       Bylaws dated March 14, 2000 (2)

Exhibit 3.3       Amendment to Certificate of Incorporation dated April 24, 2001
                  (1)

Exhibit 3.4       Amendment to Certificate of Incorporation  dated July 18, 2007
                  (9)

Exhibit 4.1       2006 Consultant Stock Plan (6)

Exhibit 4.2       2007 Equity Incentive Plan (8)

Exhibit 10.1      Executive Employment Agreement with Chris Mehringer (3)

Exhibit 10.2      Operating  Agreement  between  NT  Media  Corp.  of CA  and SU
                  Productions, LLC dated April 9, 2004 (5)

Exhibit 10.3      Homie Doroodian Consulting Agreement (7)

Exhibit 10.4      Amir Pirnia Consulting Agreement (7)

Exhibit 14.1      Code of Business Conduct and Ethics of Registrant (4)

Exhibit 31.1      Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002, filed herewith.


                                       16
<PAGE>


Exhibit 32.1      Certification  Pursuant to 18 U.S.C.  Section 1350, As Adopted
                  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of 2002,
                  filed herewith.

(1)  Incorporated by reference to exhibits 2.1 and 3.3 to the Company's  Current
     Report on Form 8-K filed on May 1, 2001.

(2)  Incorporated  by  reference  to  exhibits  3.1  and  3.2 to  the  Company's
     Registration Statement on Form SB-2 filed on June 1, 2000.

(3)  Incorporated by reference to exhibits 10.1 and 10.2 to the Company's Annual
     Report on Form 10-KSB filed on April 9, 2002.

(4)  Incorporated by reference to exhibit 14.1 to the Company's Annual Report on
     Form 10-KSB filed on April 14, 2004.

(5)  Incorporated by reference to exhibit 10.3 to the Company's Annual Report on
     Form 10-KSB filed on May 20, 2005.

(6)  Incorporated  by  reference  to exhibit 4.1 to the  Company's  Registration
     Statement on Form S-8 filed on July 6, 2006.

(7)  Incorporated  by  reference  to  exhibits  10.4 and  10.5 to the  Company's
     Quarterly Report on Form 10-QSB filed on May 15, 2007.

(8)  Incorporated  by  reference  to exhibit 4.1 to the  Company's  Registration
     Statement on Form S-8 filed on June 29, 2007.

(9)  Incorporated by reference to exhibit 3.4 to the Company's Current Report on
     Form 8-K filed on July 19, 2007.


                                       17
<PAGE>


                                   SIGNATURES

In accordance with the requirements of the Securities  Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


Dated:  November 16, 2007          NT MEDIA CORP. OF CALIFORNIA, INC.



                                  /S/ ALI MOUSSAVI
                                  ----------------------------------------------
                                  Ali Moussavi,
                                  President, Chief Executive Officer (Principal
                                  Executive Officer), and Acting Chief Financial
                                  Officer (Acting Principal Financial Officer)


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