UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549


                           FORM 10-QSB


         QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934.

For the Quarter ended March 31, 1999Commission File No. 133-16736


    Media Vision Productions, Inc. (formerly Gulfstar Industries, Inc.)
      (Exact name of registrant as specified in its charter)

           Delaware                                      23-2442288
      (State or other jurisdiction of   (I.R.S. Employer Identification Number)
      incorporation or organization)


105 S. Narcissos Ave. #701, West Palm Beach, FL              33401

 (Address of principal executive offices)                 (Zip Code)


Issuer's telephone number, (561)   835    -   0094


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934, during the preceding 12 months (or for shorter period that the
registrant was required to file such report), and (2) has been subject to such
filing requirements for the past 90 days.

     Yes:   X            No:


Transitional Small Business Disclosure Format:

     Yes:   X            No:


The number of shares outstanding of each of the registrant's classes of common
stock as of March 31, 1999 is 5,245,545 shares all of one class of $.08 par
value common stock (as adjusted from $.80)and no shares of convertible
preferred stock with a $10.00 par value.


<PAGE>
                  MEDIA VISION PRODUCTIONS, INC.
               (FORMERLY GULFSTAR INDUSTRIES, INC.)



                              INDEX

                                                            PAGE

PART I    FINANCIAL INFORMATION

          Consolidated Balance Sheet - March 31, 1999         1

          Consolidated Statements of Operations - Three and six Months
            Ended March 31, 1999                             2-3

          Consolidated Statement of Cash Flows - Six Months
            March 31, 1999                                    4

          Notes to the Consolidated Financial Statements      5

          Management's Discussion and Analysis of financial
            conditions and results of operations             6-7


PART II   OTHER INFORMATION

          Item 1.   Legal Proceedings                         8

          Item 2.   Changes in Securities                     8

          Item 3.   Defaults Upon Senior Securities           8

          Item 4.   Submission of Matters to a Vote of        8
                      Security Holders

          Item 5.   Other Information                         8

          Item 6.   Exhibits on Reports on Form 8-K           8

Signature Page                                                9


<PAGE>
                  MEDIA VISION PRODUCTIONS, INC.
                   A DEVELOPMENT STAGE COMPANY
               (FORMERLY GULFSTAR INDUSTRIES, INC.)
                          BALANCE SHEET
                          MARCH 31, 1999





      Assets

Current Assets
  Cash                                                        $  100,080
   Other receivable                                               53,892

   Total Current Assets                                          153,972

Fixed assets, at cost, net of accumulated
   Depreciation of $2,171                                         19,543
Reorganization Expenses, net of accumulated
   amortization of $4,524                                         81,607

Other assets - deposits                                            3,500

   Total Assets                                                  258,622
      Liabilities and Stockholders' Deficit


Current Liabilities
 Accounts payable and accrued expenses                            50,971

      Total Current Liabilities                                   50,971

Stockholders' Deficit
  Common stock, par value $.08 per share; authorized
    10,000,000 shares, 5,245,545 issued and outstanding          419,644
  Convertible preferred stock, authorized 1,000,000
    shares, par value $10.00; no shares issued
    And outstanding
Additional paid in capital                                       404,263
Retained deficit subsequent to recapitalization (7-22-97)       (616,256)

      Total Stockholders' Deficit                                207,651

      Total Liabilities and Stockholders' Deficit             $  258,622















<PAGE>
                 MEDIA VISION PRODUCTIONS, INC.
                  A DEVELOPMENT STAGE COMPANY
              (FORMERLY GULFSTAR INDUSTRIES, INC.)
                    STATEMENT OF OPERATIONS
             FOR THREE MONTHS ENDED MARCH 31, 1999





Total Revenue                                                  $       -

Operating Expenses
  Selling and administrative expenses                            215,552
  Research and development                                        38,888
  Syndication and production costs                                38,500
  Depreciation expense                                             2,171
  Amortization expense                                             2,262

    Total operating                                             (297,373)

Loss from operating activities                                  (297,373)

Provision for taxes                                                    -

    Net Loss                                                   $(297,373)

(Loss) per share                                               $   (.057)

Weighted average shares outstanding                            5,203,878















<PAGE>
                 MEDIA VISION PRODUCTIONS, INC.
                  A DEVELOPMENT STAGE COMPANY
              (FORMERLY GULFSTAR INDUSTRIES, INC.)
                    STATEMENTS OF OPERATIONS

                                                                   From
                                                    For the      Inception
                                                       Six       (July 22,
                                                      Months        1997)
                                                      Ended       Through
                                                     March 31,    March 31,
                                                       1999         1999

Total Revenue                                       $       -  $       -

Operating Expenses
  Selling and administrative expenses                 438,460    487,173
  Research and development                             38,888     38,888
  Syndication and production costs                     83,500     83,500
  Depreciation expense                                  2,171      2,171
  Amortization expense                                  4,524      4,524

    Total operating                                  (567,543)     (616,256)

Loss from operating activities                       (567,543)     (616,256)

Provision for taxes                                         -          -

    Net Loss                                        $(567,543)    $(616,256)

(Loss) per share                                    $   (.109)    $   (.117)

Weighted average shares outstanding                 5,199,712     5,245,545












<PAGE>
                 MEDIA VISION PRODUCTIONS, INC.
                  A DEVELOPMENT STAGE COMPANY
              (FORMERLY GULFSTAR INDUSTRIES, INC.)
                    STATEMENTS OF CASH FLOWS

                                                                   From
                                                    For the      Inception
                                                       Six       (July 22,
                                                      Months        1997)
                                                      Ended       Through
                                                     March 31,    March 31,
                                                       1999         1999

Operating Activities:
  Cash Flows From (Used In) Operating Activities:
    Net Loss                                        $(567,543)  $ (616,256)
    Adjustments to reconcile net loss to net
      cash used in operating activities:
      Depreciation and amortization                     6,695        6,695
      Increase in deposits                             (3,500)      (3,500)
      Increase in accounts payable and accrued
        expenses                                       50,971       50,971

       Net Cash Used In Operating Activities         (513,377)    (562,090)

Investing Activities:
  Purchase of fixed assets                            (21,714)     (21,714)
  Payment of reorganization expenses                  (86,131)     (86,131)
  Advance to potential affiliate                      (53,892)     (53,892)

      Net Cash Used In Investing Activities          (161,737)    (161,737)

Financing Activities:
  Proceeds from the issuance of common stock
    net of $23,625 offering costs                     823,907      823,907
  Repayment to/advances on expenses                   (48,713)         -

      Net Cash From Financing Activities              775,194      823,907

Cash and equivalents at beginning of period                 -          -

Cash and equivalents at end of period               $ 100,080  $ 100,080







<PAGE>
.    BASIS OF PRESENTATION

     The accompanying unaudited condensed financial statements have been
     prepared in accordance with generally accepted accounting principles for
     interim financial information and with the instructions to Form 10-QSB and
     Article 10 of Regulation S-X.  Accordingly, they do not include all of the
     information and footnotes required by generally accepted accounting
     principles for complete financial statements.  In the opinion of
     management, all adjustments (consisting of normal recurring accruals)
     considered necessary for a fair presentation have been included.
     Operating results for the three and six month periods ended March 31, 1999
     are not necessarily indicative of the results that may be expected for the
     year ended September 30, 1999. For further information, refer to the
     financial statements and footnotes thereto included in the Registrant
     Company's annual report on form 10-KSB for the year ended September 30,
     1998.

B.   PURCHASE OF SUBSIDIARY AND EFFECTIVE RECAPITALIZATION OF THE COMPANY

     The following unaudited consolidated condensed balance sheet of Media
     Vision Productions, Inc and Subsidiaries as of March 31, 1999 the
     transaction approved by the Board of Directors on January 4, 1999, whereby
     the shareholders of the Media Vision Properties, Inc., a Delaware
     corporation, received 4,797,500 shares of the Media Vision Properties,
     Inc. in return for all its outstanding shares of common stock is deemed to
     be effective as of the balance sheet date in December 31, 1998.

     For accounting purposes the acquisition has been treated as an acquisition
     of Media Vision Productions Inc. by Media Vision Properties, Inc. and as
     such constitutes a recapitalization of Media Vision Properties Inc.  As
     such, the historical financial statements of the Company prior to January
     4, 1999 are those Media Vision Properties, Inc., which was incorporated on
     July 22, 1997.


<PAGE>
               MANAGEMENT'S DISCUSSION AND ANALYSIS
        OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS


The following is management's discussion and analysis of certain significant
factors which have affected the Company's financial position and operating
results during the periods included in the accompanying condensed financial
statements including the Company's Florida operating subsidiary, as well as
information relating to the plans of the Company's current management.

PLAN OF OPERATIONS

Three and Six Months Ended March 31, 1999

The loss from operations for the three and six months ended March 31,1999 was
$297,373 and $567,543 respectively.  There is no comparable information for the
prior period as the acquiring company had insignificant operations at that time.

Liquidity and Working Capital

The Company's working capital continued to decline during the quarter ended
March 31, 1999.  The Company has been in the development stage and has sought
and obtained capital stock through transactions which are intended to be exempt
from registration pursuant to Rules 504 and 505 promulgated by the SEC.  During
the month of April an additional $200,000 of working capital was provided by
the issuance of common stock.

The Company believes its plan of raising capital, including potential mergers
and additional offerings will be sufficient to complete the development stage
and commence operations.

Plan of Reorganization

The Company Media Vision Productions, Inc. (formerly Gulfstar Industries, Inc.
and Subsidiaries) had filed a petition under Chapter 11 of the Bankruptcy laws.
The significant petition proposals divided prepetition liabilities into two
categories:

- Class II consisted of unsecured obligations totaling $53,111.  The obligees
will be impaired to the extent that they will not be paid the full amount owed
them, and will receive one share of post reverse split common stock for every
$30 of the amount in which the holder has an approved claim.

- Class IV consisted of equity security holders and related party lenders in
the amount of $812,649 and 75,000 preferred shares.  The security holders will
be impaired to the extent that they will not be paid the full amount owed them,
and will receive one share of post reverse split stock for every $30 of the
amount in which the holder has an approved claim.  Preferred shareholders
shall receive one common share for each preferred share, prior to the reverse
split of shares pursuant to the plan of reorganization.

As a result of the above, $3,232 was recorded as common stock for the issuance
of 30,970 shares based upon the OTC trading price at the time of conversion,
and the balance of these liabilities were recorded as cancellation of
indebtedness income during the year ended September 30, 1998.  Additionally,
the plan of reorganization provided for the shareholders as of the date of the
reorganization to receive 1 share of "new" common stock for each 25 shares of
"prior" common stock or 367,225 "new" shares for the 9,181,365 "old" shares,
including 75,000 shares of preferred stock as converted, previously outstanding.

<PAGE>
Additionally, the Plan proposed the repayment of $40,000 of liabilities to a
401K plan and creditors with accepted proof of claims shall receive one share
for every $30 of the amount in which that holder has an approved claim.  As
stated above, the Plan as confirmed became effective on January 4, 1999.  The
effects of the approval are reflected in the financial statements as of
September 30, 1998 and periods thereafter.

Pursuant to that plan of reorganization, the Company entered into the merger
agreement with Media Vision Properties, Inc.  In connection with that plan of
merger 4,797,500 shares of the Company's stock were issued to the shareholders'
of Media Vision Properties, Inc.  The Consolidated Company is in the Media
Industry producing shows for public Television, "Informercials" and the sale of
products over the world wide web.

During the quarter ended March 31, 1999 the board of directors amended the par
value of common stock from $.80 to $.08 to better reflect the results of the
merger.

Forward looking and other statements

Forward looking statements above and elsewhere in this report that suggest that
the company will increase revenues, become profitable and achieve significant
growth through acquisitions are subject to risks and uncertainties.
Forward-looking statements include the information concerning possible or
assumed future results of operations and cash flows. These statements are
identified by words such as "believes," "expects," "anticipates" or similar
expressions. Such forward looking statements are based on the beliefs of
Gulfstar Industries Inc. and its Board of Directors in which they attempt to
analyze the Company's competitive position in its industry and the factors
affecting its business. Stockholders should understand that each of the
foregoing risk factors, in addition to those discussed elsewhere in this
document and in the documents which are incorporated by reference herein, could
affect the future results Gulfstar Industries Inc. and could cause those
results to differ materially from those expressed in the forward-looking
statements contained or incorporated by reference herein.  In addition there
can be no assurance that Gulfstar Industries Inc. and its Board have correctly
identified and assessed all of the factors affecting the Company's business.


<PAGE>
                          PART II - OTHER INFORMATION




Item 1.  Legal Proceedings

          On January 4, 1999, the Company's plan of reorganization became
          effective as confirmed and all litigation against the Company was
          considered canceled. One creditor is appealing this decision and the
          Company has reserved 58,833 shares in the event the appeal is
          granted.

Item 2.  Changes in 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 and Reports on Form 8-K

          NONE






















                            SIGNATURES



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.



                                       Media Vision Productions, Inc.
                                       Formerly Gulfstar Industries, Inc.




Dated: June 15, 1999                            By:/s/William Campbell
                                                William Campbell, Director