SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB


     [X]  QUARTERLY  REPORT  PURSUANT  TO SECTON 13 OR 15(d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

          For the quarterly period ended June 30, 2001

     [ ]  TRANSITIONAL  REPORT  UNDER  SECTION  13  OR  15(d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934  (No  Fee  Required)


                          Commission File No. 000-31012




                       NT Media Corp. of California, Inc.
              ----------------------------------------------------
                 (Name of Small Business Issuer in its Charter)


                 Delaware                                94-3357128
     -------------------------------              ------------------------
     (State or other jurisdiction of                 (I.R.S. Employer
      incorporation of organization)                Identification No.)

            5410 Wilshire Boulevard, Los Angeles, California  90036
        ----------------------------------------------------------------
                     (Address of principal executive office


                                 (323) 954-3995
                          ----------------------------
                           (Issuer's telephone number)

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

As of June 30, 2001, 30,000,000 shares of Common Stock were outstanding.














<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)




                                      INDEX

                                                                     Page
                                                                 ------------
PART 1: FINANCIAL INFORMATION

ITEM 1 - Financial Statements

      Independent Accountants' Report                                 2

      Condensed Consolidated Balance Sheet (Unaudited)
                      as of June 30, 2001                             3

      Condensed Consolidated Statements of Operations
           For the Three Months and Six Months Ended
             June 30, 2001 and 2000 (Unaudited),
           For the Period From June 4, 1999 (Inception)
                       to June 30, 2001                               4

      Condensed Consolidated Statements of Cash Flows
           For the Six Months Ended June 30, 2001
                       and 2000 (Unaudited),
           For the Period From June 4, 1999 (Inception)
                       to June 30, 2001                               5

      Selected Information - Substantially All
           Disclosures Required by Generally Accepted
           Accounting Principles are Not Included                     6 - 9

ITEM 2 - Plan of Operations                                          10 - 12

Signature                                                            13














                                       1
<PAGE>
                         INDEPENDENT ACCOUNTANTS' REPORT





July 30, 2001


To The Board of Directors and Stockholders
NT Media Corp. of California, Inc. and Subsidiary
Encino, California

We have reviewed the  accompanying  condensed  consolidated  balance sheet of NT
Media Corp. of  California,  Inc. and  Subsidiary  (Delaware  Development  Stage
Companies) as of June 30, 2001, the related condensed consolidated statements of
operations  for the three months and six months ended June 30, 2001, and for the
period  from  June  4,  1999   (inception)  to  June  30,  2001,  the  condensed
consolidated statements of cash flows for the six months ended June 30, 2001 and
for the period from June 4, 1999  (inception) to June 30, 2001.  These financial
statements are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and of making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the June 30, 2001  condensed  consolidated  financial  statements for
them to be in conformity with generally accepted accounting principles.

The  financial  statements  for the  periods  ended June 30,  2000 have not been
reviewed  by us,  and  accordingly,  we  express  no  opinion  or other  form of
assurance on them.




CALDWELL, BECKER, DERVIN, PETRICK & CO., L.L.P.
Woodland Hills, California











                                        2
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                          PART 1: FINANCIAL INFORMATION
                          ITEM 1: FINANCIAL STATEMENTS
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                  JUNE 30, 2001
                                   (UNAUDITED)

                                     ASSETS

CURRENT ASSETS
     Cash                                                 $           21,609

PROPERTY AND EQUIPMENT,
  net of accumulated depreciation                                     13,783

WEB SITE  DEVELOPMENT COSTS,
  net of accumulated amortization                                    227,864

OTHER ASSETS
     Deposits                                                         11,700
                                                         -------------------
             Total Assets                                 $          274,956
                                                         ===================

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
     Accounts payable and accrued expenses                $           84,374

CONVERTIBLE NOTES PAYABLE                                            825,612
                                                         -------------------
             Total Liabilities                                       909,986
                                                         -------------------

STOCKHOLDERS' EQUITY (DEFICIT)
  Preferred stock, par value $.001 per share;
    5,000,000 shares authorized, no shares issued
    and outstanding                                                       --
  Common stock, par value $.001 per share;
    100,000,000 shares authorized, 30,000,000
    shares issued and outstanding                                     30,000
  Additional paid-in capital                                         762,333
  Note receivable from stock sales                                   (69,483)
  (Deficit) accumulated during development stage - NT
    Media                                                            (27,850)
  (Deficit) accumulated during development stage -
    eCast                                                         (1,330,030)
                                                         -------------------
             Total Stockholders' (Deficit)                          (635,030)
                                                         -------------------
             Total Liabilities and Stockholders' (Deficit) $         274,956
                                                         ===================
   See Accompanying Selected Information to Unaudited Condensed Consolidated
                              Financial Statements

                                       3
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                          PART 1: FINANCIAL INFORMATION
                          ITEM 1: FINANCIAL STATEMENTS
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<S>                                 <C>           <C>            <C>            <C>          <C>
                                                                                                For the
                                                                                              Period from
                                    For the Three Months Ended     For The Six Months Ended   June 4, 1999
                                                 June 30,                   June 30,         (Inception) to
                                    --------------------------   --------------------------     June 30,
                                        2001           2000            2001         2000          2001
                                    -----------   ------------   ------------   -----------   ------------
REVENUE                             $    34,598   $         --   $     34,709   $        --   $     36,709
                                    -----------   ------------   ------------   -----------   ------------
OPERATING EXPENSES
    Advertising                           1,605         69,465          1,605        69,465         77,821
    Depreciation and amortization        25,317            627         50,639         1,254         70,201
    Licensing and production
      expenses                           33,339         24,642         34,339        28,792        115,549
    Professional fees                    54,198          8,958         86,951        18,612        150,884
    Public relations                         --         34,336             --        37,336         39,428
    Rent                                 23,343         12,225         38,116        18,285         93,079
    Salaries - Web site development
      and maintenance                    61,602         39,104        120,479        57,536        309,808
    Salaries - administrative            15,400          9,776         35,025        14,384        100,357
    Travel                               11,125         13,062         11,485        15,670         46,934
    Web hosting services                 22,106          6,800         32,090         6,800         81,091
    Other                                31,584         44,132         58,228        68,784        252,479
                                    -----------   ------------   ------------   -----------   ------------
      Total Operating Expenses          279,619        263,127        468,957       336,918      1,337,631
                                    -----------   ------------   ------------   -----------   ------------
      (Loss) Before Other Income
        (Expenses) and Provision
        for Income Taxes               (245,021)      (263,127)      (434,248)     (336,918)    (1,300,922)

OTHER (EXPENSES)
    Interest expense                    (10,547)            --        (18,136)           --        (25,108)
                                    -----------   ------------   ------------   -----------   ------------
      (Loss) Before Provision for
        Income Taxes                   (255,568)      (263,127)      (452,384)     (336,918)    (1,326,030)

(PROVISION) FOR INCOME TAXES
                                         (1,600)            --         (1,600)           --         (4,000)
                                    -----------   ------------   ------------   -----------   ------------
        Net (Loss)                  $  (257,168)  $   (263,127)  $   (453,984)  $  (336,918)  $ (1,330,030)
                                    ===========   ============   ============   ===========   ============
        (Loss) per common share     $     (.011)  $      (.020)  $      (.019)  $     (.024)  $      (.062)
                                    ===========   ============   ============   ===========   ============
Weighted average common
 shares outstanding                  23,878,674     18,693,057     23,878,674    18,693,057     22,070,910
                                    ===========   ============   ============   ===========   ============
</TABLE>
   See Accompanying Selected Information to Unaudited Condensed Consolidated
                              Financial Statements
                                       4
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                          PART 1: FINANCIAL INFORMATION
                          ITEM 1: FINANCIAL STATEMENTS
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<S>                                                      <C>            <C>           <C>
                                                                                     For the Period
                                                                                          from
                                                           For the Six Months Ended    June 4, 1999
                                                                     June 30,         (Inception) to
                                                         ---------------------------     June 30,
                                                             2001           2000           2001
 CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES:     -------------  ------------  --------------
    Net (loss)                                           $   (453,984)  $  (336,918)  $  (1,330,030)
   Adjustments to reconcile net (loss) to
     net cash provided by operating activities:
    Depreciation                                               50,639         1,254          70,201
    Operating expenses paid by reducing
      note receivable from officer                              5,000            --          10,000
    Increase in accounts payable and accrued expenses           8,086        21,670          84,373
    (Decrease) in payroll taxes payable                            --        (8,026)             --
    Increase in accrued interest for convertible notes         18,136            --          24,612
    (Increase) in deposits                                         --        (4,750)        (11,700)
                                                         ------------   -----------   -------------
        Net Cash Flows (Used) by Operating Activities        (372,123)     (326,770)     (1,152,544)
                                                         ------------   -----------   -------------
CASH FLOWS PROVIDED (USED) BY INVESTING ACTIVITIES:
     Notes receivable from officers                                 --       (10,000)        (16,048)
    Proceeds from notes receivable from officers                   --         6,048           6,048
    Investment in property and equipment                         (780)       (5,047)        (18,879)
    Investment in Web site development costs                       --      (124,334)       (292,968)
                                                         ------------   -----------   -------------
        Net Cash Flows (Used) by Investing Activities            (780)     (133,333)       (321,847)
                                                         ------------   -----------   -------------
CASH FLOWS PROVIDED (USED) BY FINANCING ACTIVITIES:
    Proceeds from note payable to officer                          --            --           5,000
    Payment of note payable to officer                             --            --          (5,000)
    Proceeds from common stock issued                              --       460,000         695,000
    Proceeds from issuance of convertible notes               391,000            --         801,000
                                                         ------------   -----------   -------------
        Net Cash Flows Provided by Financing Activities       391,000       460,000       1,496,000
                                                         ------------   -----------   -------------
INCREASE (DECREASE) IN CASH                                    18,097          (103)         21,609

CASH AT THE BEGINNING OF THE PERIOD                             3,512        42,164              --
                                                         ------------   -----------   -------------
CASH AT THE END OF THE PERIOD                            $     21,609   $    42,061   $      21,609
                                                         ============   ===========   =============
ADDITIONAL DISCLOSURES:
      Income taxes paid                                  $      1,600   $        --   $       4,000
                                                         ============   ===========   =============
      Interest paid                                      $         --   $        --   $          --
                                                         ============   ===========   =============
</TABLE>
   See Accompanying Selected Information to Unaudited Condensed Consolidated
                              Financial Statements
                                       5
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                              SELECTED INFORMATION
    Substantially All Disclosures Required by Generally Accepted Accounting
                          Principles are Not Included
                                  JUNE 30, 2001

NOTE 1 - BASIS OF PRESENTATION

The condensed consolidated financial statements include the accounts of NT Media
Corp.  of  California,  Inc.  (NT Media or the  Company)  and its  wholly  owned
subsidiary,   eCast  Media  Corporation,   Inc.  (eCast),   which  are  Delaware
development stage companies. Subsequent to the stock exchange agreement on April
17,  2001  (see Note 5),  all of NT  Media's  activities  cease.  The  remaining
business activities are that of eCast. The condensed consolidated  statements of
operations  for the three  months and six months ended June 30, 2001 and for the
period  from  June 4,  1999  (inception)  to June  30,  2001  and the  condensed
consolidated statements of cash flows for the six months ended June 30, 2001 and
2000 and for the period from June 4, 1999 (inception) to June 30, 2001 represent
the results of operations and cash flows of eCast. All intercompany accounts and
transactions have been eliminated in consolidation.

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance  with the  instructions  to Form 10QSB and do not include
all  the  information  and  notes  required  by  generally  accepted  accounting
principles for complete financial statements. In the opinion of management,  the
accompanying  unaudited condensed  consolidated financial statements contain all
adjustments  (all of which are normal and  recurring  in  nature)  necessary  to
present fairly the financial position of NT Media Corp. of California,  Inc. and
Subsidiary  (the Company) at June 30, 2001,  the results of  operations  for the
three  months and six months ended June 30, 2001 and for the period from June 4,
1999 (inception) to June 30, 2001, the condensed consolidated statements of cash
flows for the six months  ended June 30,  2001 and 2000 and for the period  from
June 4, 1999 (inception) to June 30, 2001.

The notes to the Financial  Statements  that are  incorporated by reference into
the 2000 Form 10KSB and Form 8-K, which were previously filed, should be read in
conjunction with these Condensed Consolidated Financial Statements.

The results of operations for the three months and six months periods ended June
30, 2001 are not  necessarily  indicative  of the results to be expected for the
entire fiscal year or any other period.

NOTE 2 - USE OF ESTIMATES

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect certain  reported amounts and  disclosures.  Accordingly,  actual results
could differ from those estimates.

NOTE 3 - RECLASSIFICATIONS

Certain  prior year balances  have been  reclassified  to conform to the current
year's presentation.

                                       6
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                              SELECTED INFORMATION
    Substantially All Disclosures Required by Generally Accepted Accounting
                          Principles are Not Included
                                  JUNE 30, 2001

NOTE 4 - NAME CHANGE

On April 24, 2001, the Company changed its name from MVD, Inc. to NT Media Corp.
of California, Inc.

NOTE 5 - STOCK EXCHANGE AGREEMENT

Effective April 17, 2001, in connection with the stock exchange  agreement,  the
Company issued approximately 24,000,000 post-split shares of its common stock at
$.001 par value per share, in exchange for all of the  outstanding  common stock
of eCast Media Corporation,  Inc. (eCast),  in which eCast became a wholly owned
subsidiary  of the Company  based on a conversion  ratio of  approximately  7.34
shares of the  Company's  common  stock for each  share of eCast's  stock.  This
reverse merger qualified for a tax-free reorganization and will be accounted for
as a  recapitalization  of  eCast  and the  acquisition  of NT  Media  Corp.  of
California, Inc. and Subsidiary at its book value.

eCast is a diversified media company active in the production,  aggregation, and
distribution of on and offline content, the management of on and offline talent,
and the  provision  of  strategic  consulting  services.  Based in Los  Angeles,
California,   the  Company's   primary   operations   include  Gen-Y   Netcaster
Neurotrash.com (NT), full service management division - NT Management,  film and
television production division - NT Entertainment, and strategy consulting group
- NT Consulting.

The following  unaudited pro forma summary  results of operations data have been
prepared  assuming  that the NT Media and eCast  stock  exchange  agreement  had
occurred at the beginning of the periods presented. The consolidated results are
not necessarily  indicative of results of future  operations nor of results that
would have occurred had the acquisitions been consummated as of the beginning of
the periods presented.
<TABLE>
<S>                                    <C>            <C>             <C>           <C>
                                       For the Three Months Ended     For The Six Months Ended
                                                   June 30,                    June 30,
                                       ---------------------------    -------------------------
                                            2001          2000          2001           2000
                                        (Unaudited)   (Unaudited)     (Unaudited)   (Unaudited)
                                       ------------   ------------    -----------   -----------
Net revenue                            $     34,598   $         --    $    34,709   $        --
                                       ============   ============    ===========   ===========
Net (loss)                             $   (247,964)  $   (270,304)   $  (451,043)  $  (350,533)
                                       ============   ============    ===========   ===========
Basic and diluted net (loss) per share $      (.008)  $      (.012)   $     (.015)  $     (.016)
                                       ============   ============    ===========   ===========
</TABLE>

                                       7
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                              SELECTED INFORMATION
    Substantially All Disclosures Required by Generally Accepted Accounting
                          Principles are Not Included
                                  JUNE 30, 2001

NOTE 6 - STOCKHOLDERS' EQUITY

Effective April 23, 2001, the Company declared a two and four tenths for one
(2.4:1) stock split of the Company's common stock, par value $.001 per share.

On April 4, 2001, eCast issued 40,872 shares of its common stock, an equivalent
of 720,001 post-split common shares of NT Media, to an eCast officer at $1.70
per share for a note receivable of $69,483.

On April 24, 2001, the Company increased its authorized common shares to
100,000,000 shares.

The following is an analysis of activities in the Stockholders' Equity for the
six months ended June 30, 2001:
<TABLE>
<S>                       <C>    <C>     <C>        <C>      <C>        <C>       <C>           <C>
                                                                          Note
                         Preferred Stock    Common Stock     Additional Receivable
                          --------------  ------------------   Paid-In    From      Retained
                          Shares Amount   Shares     Amount   Capital     Stock     (Deficit)    Balance
                                                                          Sales
                          ------ ------  ---------- -------- ---------- --------- ------------  ----------
Balance at 12/31/00           --  $  --  23,279,999 $ 23,280 $  671,720 $     --  $   (876,046) $(181,046)
April 4, 2001
  Note receivable from        --     --     720,001      720     68,763  (69,483)           --          --
    stock sales
April 17, 2001
 Stock exchange agreement
with NT Media                             6,000,000    6,000     21,850                (27,850)         --
June 30, 2001
  Net (loss)                  --     --          --       --         --       --      (453,984)   (453,984)
                          ------ ------  ---------- -------- ---------- --------  ------------  ----------
Balance at 6/30/01            --  $  --  30,000,000 $ 30,000 $  762,333 $(69,483) $ (1,357,880) $(635,030)
                          ====== ======  ========== ======== ========== ========  ============  ==========
</TABLE>
NOTE 7 - CONCENTRATION

For the  quarter  ended  June 30,  2001,  revenue  received  from  one  customer
accounted for 93% of total revenue.








                                       8
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                              SELECTED INFORMATION
    Substantially All Disclosures Required by Generally Accepted Accounting
                          Principles are Not Included
                                  JUNE 30, 2001


NOTE 8 - UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN

The financial  statements have been prepared  assuming the Company will continue
as a going  concern.  The Company has incurred  net losses since its  inception,
June 4, 1999. The Company has relied on its investors, convertible note holders,
and  stockholders  to meet its cash  flow  requirements.  The  Company  plans to
generate the additional cash needed through the completion of additional equity,
debt, or joint venture  transactions.  There is no assurance,  however, that the
Company  will be able to  complete  its  plans  in the  future  at  commercially
reasonable terms, if at all, or that the Company will be able to meet its future
contractual obligations.




































                                       9
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                           ITEM 2 - PLAN OF OPERATIONS

PLAN OF OPERATIONS

The following  information specifies certain  forward-looking  statements of the
management  of the  company.  Forward-looking  statements  are  statements  that
estimate  the  occurrence  of  future  events  not  based  on  historical  fact.
Forward-looking  statements  may be  identified  by the  use of  forward-looking
terminology,  such as "may", "shall",  "will",  "could",  "expect",  "estimate",
"anticipate",   "predict",  "probable",  "possible",  "should",  "continue",  or
similar terms,  variations of those terms or the negative of those terms.  These
forward-looking  statements  specified  in the  following  paragraphs  have been
compiled by NT Media Corp. on the basis of  assumptions  made by management  and
considered by management to be reasonable.  NT Media Corp.'s operating  results,
however, are impossible to predict and no representation, guarantee, 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.  No assurance can be
given that any of the  assumptions  relating to the  forward-looking  statements
specified in the following information are accurate,  and NT Media Corp. assumes
no obligation to update any such forward-looking statements.

NT Media Corp. is active in the  production,  aggregation,  and  distribution of
on-and-offline  content,  the management of  on-and-offline  talent and literary
clients,  and the  provision of strategic  consulting  and business  development
services.  The Company  generates or will generate revenue via the following (by
division): Neurotrash.com - advertising,  e-commerce,  sponsorships, B2B content
sales and syndication, subscription and premium services; NT Management - client
management  (derived  as a  percentage  of client  compensation  on a project by
project basis); NT Entertainment - producing, licensing/acquisition (theatrical,
network  television,  cable  television,  home video,  syndication,  and foreign
territories),  percentage  of box office and ancillary  gross or adjusted  gross
revenue; and NT Consulting - consulting fees and commissions.  NT Media Corp. is
still considered to be a development stage company. Since inception, the Company
was able to  generate  $36,709 of  revenue.  NT Media  Corp.  has  financed  its
operations to date mainly  through the issuance of  convertible  debt and equity
securities.

NT Media Corp. has recruited  experienced  staff and  established  pipelines for
entertainment  projects  and  properties,   talent  and  literary  clients,  and
consulting  engagements.  NT  Entertainment  will continue to expand its project
flow through its existing  relationships within and beyond the entertainment and
media  establishment,  by forging new  relationships  and  leveraging  resources
across all NT Media Corp. divisions.



                                       10
<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                           ITEM 2 - PLAN OF OPERATIONS

The Company will implement  marketing and public relations  campaigns seeking to
increase its revenue,  knowledge,  scope, and  competitiveness of NT Media Corp.
and each of its business units.  During the next 12 months, the Company plans to
spend $100,000 for marketing and public relations campaigns.

During  the next  twelve  months,  NT Media  Corp.  plans  to  satisfy  its cash
requirements  through the  issuance of  additional  convertible  debt and equity
securities. NT Media Corp. will need a minimum of $1,000,000 to satisfy its cash
requirements  for the next 12 months.  The Company plans to raise  $1,000,000 to
provide the Company with enough  funds for the next 12 months of  operation  and
future plans of expansion. There can be no assurance that NT Media Corp. will be
successful in raising the capital it requires.

NT Media Corp. anticipates development of entertainment  properties for which it
expects to incur  development  costs,  including 1) optioning  and/or  acquiring
rights to screenplays,  books, foreign television programs,  foreign films, life
stores, magazine and newspaper articles, and film and television pitches, and 2)
hiring  writers to write,  re-write,  and  polish  entertainment  properties  in
development.  The  Company  estimates  that  the cost for  these  plans  will be
approximately $200,000.

NT  Media  Corp.  does  not  anticipate  the  purchase  or sale of  plant or any
significant equipment.

The Company  presently  employs  seven staff  members,  including  officers  and
directors,  and anticipates  increasing the number of employees by approximately
50% in the next twelve months.  Salary expenses for the next 12 months may reach
as high as $500,000.

With the exception of the lease on its primary business address,  NT Media Corp.
has no material  commitments.  The  Company's  operating  leases for the current
premises  will expire on various  dates  through May 20, 2003 and provide for no
renewal  options.  In the normal  course of business,  it is expected that these
leases  will be renewed or replaced  by leases on other  properties.  The leases
provide for increases in future minimum annual rental  payments based on defined
increases in the Consumer  Price Index,  subject to certain  minimum  increases.
Also,  the leases  generally  require the Company to pay  executory  costs (real
estate taxes,  insurance,  and repairs). The future minimum lease commitment for
the year ended December 31, 2001, 2002, and 2003 will be $82,853,  $63,179,  and
36,575, respectively.

To the extent the Company is able to obtain  sufficient  capital for its use and
purposes  set  forth  herein,   NT  Media  Corp.  will  be  able  to  accelerate
implementation of its business plan.



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<PAGE>
                NT MEDIA CORP. OF CALIFORNIA, INC. AND SUBSIDIARY
                          (Formerly known as MVD, Inc.)
                          (DEVELOPMENT STAGE COMPANIES)
                           ITEM 2 - PLAN OF OPERATIONS


Liquidity and Capital Resources.

At June 30, 2001, the Company had cash and cash equivalents of $21,609.  Because
we are not  generating  substantial  revenues from  adverting,  commissions,  or
licensing of our products,  our only  external  sources of liquidity is from the
issuance of convertible debt and sale of our capital stock.

From inception,  the Company incurred significant  operating losses and utilized
significant  amounts of cash to fund  operations.  The  Company is in a critical
stage in its growth as it  continues  to  transition  from a  development  stage
company to a fully  operational  company with complete  marketing and production
capabilities.

NT Media Corp.'s primary  business address is 5410 Wilshire Blvd, 7th Floor, Los
Angeles,  California.  The telephone number of its principal executive office is
323-954-3995.






























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<PAGE>



                                    Signature
                                    ---------

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


                                      NT Media Corp. of California, Inc.
                                      ----------------------------------


Date: August 7, 2001                  By: /s/ Christian Mehringer
                                      ----------------------------------
                                          Christian Mehringer
                                          Chief Executive Officer
































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