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

                                   FORM 10-QSB

(Mark One)

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

    For the quarter ended January 31, 2007

                                       OR

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

    For the transition period from __________ to __________

                        Commission File Number 333-134990

                          POINTSTAR ENTERTAINMENT CORP.
             (Exact name of registrant as specified in its charter)

           Nevada                                                98-0494003
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

Loft Office Building 3, Suite # 104, P.O. Box 500449 Dubai, United Arab Emirates
              (Address of principal executive offices) (Zip Code)

     Registrant's telephone number, including area code: 011-971-4-367-1342

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 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 [ ]

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

Number of shares  outstanding  of the  registrant's  class of common stock as of
March 6, 2007: 4,500,000

Authorized  share  capital  of the  registrant:  25,000,000  common  shares  and
25,000,000 preferred shares, par value of $0.001

The Company recorded $nil revenue for the quarter ended January 31, 2007.
<PAGE>
                           FORWARD-LOOKING STATEMENTS

THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS PREDICTIONS, PROJECTIONS AND OTHER
STATEMENTS ABOUT THE FUTURE THAT ARE INTENDED TO BE "FORWARD-LOOKING STATEMENTS"
WITHIN THE MEANING OF SECTION 21E OF THE  SECURITIES  EXCHANGE  ACT OF 1934,  AS
AMENDED (COLLECTIVELY, "FORWARD-LOOKING STATEMENTS"). FORWARD-LOOKING STATEMENTS
INVOLVE  RISKS AND  UNCERTAINTIES.  A NUMBER OF  IMPORTANT  FACTORS  COULD CAUSE
ACTUAL  RESULTS  TO  DIFFER   MATERIALLY  FROM  THOSE  IN  THE   FORWARD-LOOKING
STATEMENTS. IN ASSESSING FORWARD-LOOKING  STATEMENTS CONTAINED IN THIS QUARTERLY
REPORT ON FORM  10-QSB,  READERS  ARE  URGED TO READ  CAREFULLY  ALL  CAUTIONARY
STATEMENTS  - INCLUDING  THOSE  CONTAINED  IN OTHER  SECTIONS OF THIS  QUARTERLY
REPORT ON FORM 10-QSB.  AMONG SAID RISKS AND  UNCERTAINTIES IS THE RISK THAT THE
COMPANY WILL NOT SUCCESSFULLY  EXECUTE ITS BUSINESS PLAN, THAT ITS MANAGEMENT IS
ADEQUATE TO CARRY OUT ITS BUSINESS PLAN AND THAT THERE WILL BE ADEQUATE  CAPITAL
OR THEY MAY BE UNSUCCESSUFL FOR TECHNICAL, ECONOMIC OR OTHER REASONS.

                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                                                              Page Number
                                                              -----------

     Balance Sheets............................................... 3

     Statements of Operations..................................... 4

     Statement of Stockholder's Equity............................ 5

     Statements of Cash Flows..................................... 6

     Notes to the Financial Statements............................ 7

                                       2
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                           January 31,         April 30,
                                                                              2007               2006
                                                                            --------           --------
                                                                          (unaudited)
<S>                                                                         <C>                <C>
ASSETS

Current assets
   Cash and bank accounts                                                   $ 26,042           $ 10,923
                                                                            --------           --------

      Total current assets                                                    26,042             10,923


Property and equipment (Note 6)                                                9,837                 --
                                                                            --------           --------

Total assets                                                                $ 35,879           $ 10,923
                                                                            ========           ========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable                                                          $    700           $     --
                                                                            --------           --------

      Total liabilities                                                          700                 --
                                                                            --------           --------

Stockholders' equity (Note 4, 5)
  Authorized:
    25,000,000 common shares
    25,000,000 preferred shares
    Par value $0.001
  Issued and outstanding:
    4,500,000 common shares ( April 30, 2006 - 4,000,000 common shares)        4,500              4,000
  Additional paid-in capital                                                  60,500             11,000
  Deficit accumulated during the development stage                           (29,821)            (4,077)
                                                                            --------           --------

      Total stockholders' equity                                              35,179             10,923
                                                                            --------           --------

Total liabilities and stockholders' (deficiency) equity                     $ 35,879           $ 10,923
                                                                            ========           ========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                        Cumulative
                                                                                       Amounts From
                                                                                          Date of
                                                                                      Incorporation on
                                               3 Months Ended      9 Months Ended     March 8 2006 to
                                                 January 31,         January 31,        January 31,
                                                    2007                2007               2007
                                                 -----------         -----------        -----------
<S>                                              <C>                 <C>                <C>
REVENUE                                          $        --         $        --        $        --
                                                 -----------         -----------        -----------
OPERATING EXPENSES
  General & Administrative                             5,844               6,618              8,751
  Legal and Accounting Fees                            1,720              11,702             11,702
  Marketing and advertising                            6,000               6,000              6,000
  Organization                                            --                  --              1,858
  Website                                                889               1,424              1,510
                                                 -----------         -----------        -----------

Loss before income taxes                             (14,453)            (25,744)           (29,821)

Provision for income taxes                                --                  --                 --
                                                 -----------         -----------        -----------

Net loss                                         $   (14,453)        $   (25,744)       $   (29,821)
                                                 ===========         ===========        ===========

Basic and diluted loss per Common share (1)
                                                 ===========         ===========        ===========
Weighted average number of common shares
 outstanding (Note 4)                              4,461,957           4,153,986
                                                 ===========         ===========
</TABLE>

----------
(1) less than $0.01

   The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                      STATEMENT OF STOCKHOLDERS' DEFICIENCY
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                Deficit
                                                                              Accumulated
                                           Common Stock        Additional     During the         Total
                                      --------------------       Paid in      Development     Stockholders'
                                      Shares        Amount       Capital         Stage           Equity
                                      ------        ------       -------         -----           ------
<S>                                <C>          <C>           <C>              <C>             <C>
Inception, March 8, 2006                   --       $   --       $    --       $     --         $     --

Initial capitalization
  Sale of common stock              4,000,000        4,000        11,000                          15,000

Net loss for the year                      --           --            --         (4,077)          (4,077)
                                    ---------       ------       -------       --------         --------
Balance April 30, 2006              4,000,000        4,000        11,000         (4,077)          10,923

Sale of common stock
 November 7, 2006                     500,000          500        49,500                          50,000

Net loss for the 9 months
 ended January 31, 2007                    --           --            --        (25,744)         (25,744)
                                    ---------       ------       -------       --------         --------
Balance January 31, 2007            4,000,000       $4,500       $60,500       $(29,821)        $(35,179)
                                    =========       ======       =======       ========         ========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                               Cumulative
                                                                              Amounts From
                                                                                Date of
                                                                            Incorporation on
                                                          9 Months Ended    March 8, 2006 to
                                                            January 31,        January 31,
                                                               2007               2007
                                                             --------           --------
<S>                                                          <C>                <C>
CASH FLOWS USED IN OPERATING ACTIVITIES
  Net loss for the period                                    $(25,744)          $(29,821)
  Adjustments to Reconcile Net Loss to Net Cash
   Used by Operating Activities
     Increase in accounts payable                                 700                700
                                                             --------           --------

Net cash used in operating activities                         (25,044)           (29,121)
                                                             --------           --------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from issuance of common stock                       50,000             65,000
                                                             --------           --------

Net cash provided by financing activities                      50,000             65,000
                                                             --------           --------
CASH FLOWS USED IN INVESTING ACTIVITIES
  Purchase of property and equipment                           (9,837)            (9,837)
                                                             --------           --------

                                                               (9,837)            (9,837)
                                                             --------           --------

Change in cash during the period                               15,119             26,042

Cash, beginning of the period                                  10,923                 --
                                                             --------           --------

Cash, end of the period                                      $ 26,042           $ 26,042
                                                             ========           ========

Supplemental disclosure with respect to cash flows:
  Cash paid for income taxes                                 $     --           $     --
  Cash paid for interest                                     $     --           $     --
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       6
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                January 31, 2007


NOTE 1. GENERAL ORGANIZATION AND BUSINESS

The Company was originally incorporated under the laws of the state of Nevada on
March 8, 2006. The Company has limited  operations  and in accordance  with SFAS
#7, is  considered a  development  stage  company,  and has had no revenues from
operations to date.

Initial operations have included capital formation,  organization, target market
identification  and marketing plans. On November 7, 2006 management  closed on a
registered  offering of the Company's  common stock, and raised $50,000 to start
an ethnic and cultural  interest video and television  programming  distribution
business over the Internet.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES

The Company's only  significant  asset at January 31, 2007 is cash. The relevant
accounting  policies and procedures are listed below. The company has adopted an
April 30 year end.

ACCOUNTING BASIS

The basis is generally accepted accounting principles.

EARNINGS PER SHARE

In February  1997,  the FASB issued SFAS No. 128,  "Earnings  Per Share",  which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities  with  publicly  held common  stock.  SFAS No. 128
supersedes the provisions of APB No. 15, and requires the  presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective its inception.

The basic earnings  (loss) per share is calculated by dividing the Company's net
income available to common shareholders by the weighted average number of common
shares during the year. The diluted  earnings  (loss) per share is calculated by
dividing the Company's net income (loss) available to common shareholders by the
diluted  weighted  average  number of shares  outstanding  during the year.  The
diluted  weighted  average  number of shares  outstanding  is the basic weighted
number  of  shares  adjusted  as of the  first of the  year for any  potentially
dilutive debt or equity.

The Company has not issued any options or warrants or similar  securities  since
inception.

                                       7
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                January 31, 2007


NOTE 2. (CONTINUED)

DIVIDENDS

The Company has not yet adopted any policy  regarding  payment of dividends.  No
dividends have been paid during the periods shown.

CASH EQUIVALENTS

The Company  considers  all highly  liquid  investments  with  maturity of three
months or less when purchased to be cash equivalents.

INCOME TAXES

Income taxes are provided in accordance  with Statement of Financial  accounting
Standards No. 109 (SFAS 109),  Accounting for Income Taxes. A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting and net operating loss  carryforwards.  Deferred tax expense (benefit)
results  from  the net  change  during  the  year of  deferred  tax  assets  and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion of all of the deferred
tax assets will be realized.  Deferred tax assets and  liabilities  are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

SOFTWARE DEVELOPMENT COSTS

Software   development   costs   representing   capitalized   costs  of  design,
configuration,  coding,  installation  and testing of the Company's  website and
video  distribution  and billing system up to its initial  implementation.  Upon

                                       8
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                January 31, 2007


NOTE 2. (CONTINUED)

implementation,  these assets will be amortized to expense over their  estimated
useful   life  of  three   years  using  the   straight-line   method.   Ongoing
post-implementation  costs of  operation,  including  training  and  application
maintenance,  will be charged to  expense as  incurred.  As of the date of these
financial  statements,  the company has not yet implemented these systems and is
continuing with development and testing. See Note 6.

NOTE 3. GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue as a going  concern.  The Company has net losses for the
period from  inception  to January 31, 2007 of $29,821.  This  condition  raises
substantial  doubt about the Company's  ability to continue as a going  concern.
The  Company's  continuation  as a going  concern is dependent on its ability to
meet its  obligations,  to obtain  additional  financing  as may be required and
ultimately to attain profitability.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

NOTE 4. STOCKHOLDERS' EQUITY

AUTHORIZED

The Company is authorized to issue 25,000,000  shares of $0.001 par value common
stock and  25,000,000  shares of $0.001 par value  preferred  stock.  All common
stock shares have equal voting rights,  are non-assessable and have one vote per
share. Voting rights are not cumulative and, therefore, the holders of more than
50% of the  common  stock  could,  if they  choose  to do so,  elect  all of the
directors of the Company. The preferred shares may be issued in series, with the
powers,  rights and limitations of the preferred  shares to be determined by the
Board.

ISSUED AND OUTSTANDING

On March 8, 2006 (inception),  the Company issued 4,000,000 shares of its common
stock to its Directors for cash of $15,000. See Note 5.

                                       9
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                January 31, 2007


NOTE 4. (CONTINUED)

On November  7, 2006 the  Company  accepted  subscriptions  for  500,000  common
shares,  or an aggregate  of $50,000,  from 40  investors  under its  registered
offering.

NOTE 5. RELATED PARTY TRANSACTIONS

The  Company's  neither  owns nor  leases  any real or  personal  property.  The
Company's  Directors  provides  office  space free of charge.  The  officers and
directors of the Company are involved in other  business  activities and may, in
the future,  become  involved  in other  business  opportunities.  If a specific
business  opportunity  becomes  available,  such  persons may face a conflict in
selecting  between the Company and their other business  interests.  The Company
has not formulated a policy for the resolution of such conflicts.

On March 8, 2006 (inception),  the Company issued 4,000,000 shares of its common
stock to its Directors for cash of $15,000. See Note 4.

NOTE 6. PROPERTY AND EQUIPMENT

                                                      Accumulated      Net book
                                         Cost        amortization        value
                                         ----        ------------        -----
Software development costs - video
 distribution and billing               $7,837          $   --          $7,837
Software development costs -
 website                                 2,000              --           2,000
                                        ------          ------          ------
                                        $9,837          $   --          $9,837
                                        ======          ======          ======

The company  plans to amortize all of its software on a straight line basis over
3 years,  its estimated useful life when development and testing is complete and
the software is implemented.

NOTE 7. INCOME TAXES

Net  deferred  tax  assets  are $nil.  Realization  of  deferred  tax  assets is
dependent  upon  sufficient   future  taxable  income  during  the  period  that
deductible temporary  differences and carryforwards are expected to be available
to reduce taxable  income.  As the achievement of required future taxable income
is uncertain, the Company recorded a valuation allowance.

                                       10
<PAGE>
                          POINTSTAR ENTERTAINMENT CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                January 31, 2007


NOTE 8. NET OPERATING LOSSES

As of April 30,  2006,  the Company has a net  operating  loss  carryforward  of
approximately  $2,200,  which  will  expire 20 years  from the date the loss was
incurred.  The Company has also additionally incurred an interim loss of $25,744
for the nine months ended January 31, 2007.

NOTE 9. OPERATING LEASES AND OTHER COMMITMENTS:

The  Company   currently  has  no  operating  lease  commitments  or  any  other
commitments.

                                       11
<PAGE>
ITEM 2. MANAGEMENT'S PLAN OF OPERATION

Pointstar  Entertainment  Corp.  (referred to in this prospectus as "Pointstar",
"us", "we" and "our") was incorporated on March 8, 2006, in the State of Nevada.
Pointstar'  principal  executive  offices are located at Loft Office Building 3,
Suite # 104,P.O. Box 500449,  Dubai, United Arab Emirates.  Our telephone number
is 011-971-4-367-1342.

We are a development  stage company.  We have commenced very limited  operations
and we currently have no business revenue and no significant  assets.  There can
be no assurance that we will generate revenues in the future, or that we will be
able to operate profitably in the future, if at all. We have incurred net losses
in  each  fiscal  year  since  inception  of  our  operations.   Since  becoming
incorporated,  we have not made any significant  purchase or sale of assets, nor
have we been  involved  in any  mergers,  acquisitions  or  consolidations.  Our
company has never declared bankruptcy, it has never been in receivership, and it
has never been involved in any legal action or proceedings.

Since  incorporation,  we have  not made any  significant  purchases  or sale of
assets,   nor  have  we  been   involved  in  any   mergers,   acquisitions   or
consolidations.  Pointstar  has never  declared  bankruptcy,  has never  been in
receivership, and has never been involved in any legal action or proceedings.

Subsequent  to our  incorporation,  we have been in the process of  establishing
ourselves as a company that seeks to obtain  distribution  rights for television
programming  and movies from film studios,  television  network  companies,  and
independent  production houses. We plan to focus on securing distribution rights
for ethnic and  special  interest  programming  and movies.  This would  include
special  interest  programming  from smaller studios in North America and Europe
and programming  for Arabic,  Hindi or Asian ethnic  communities.  We would then
distribute  these  movies and  programs to digital  television  and pay per view
service  providers,  who in turn  distribute  their  programming  offerings over
Internet networks to their own subscribers.

We will either obtain these programs and movies in digital  format  suitable for
storage on computers and transmission  over the internet.  If we are not able to
obtain the programs and movies in an appropriate  format, we will undertake this
task with our own equipment. We will then store this media on a computer storage
network.  We plan to rent space on a third party shared storage  network located
in a data center (a data  center is a facility  that is equipped to host a large
number of computers) which would be connected to the Internet. When a subscriber
requests a video  rental from their  respective  service  provider,  the service
provider   would  contact  our   authentication   and  billing   server,   which
authenticates the request,  and authorizes the storage network server to deliver
the  appropriate  video.  The video server would then stream the program back to
the service  provider,  who in turn will  deliver it to their  subscriber.  This
event is logged for revenue and billing purposes.  We will then earn revenue for
our company  from the service  provider as either a fixed  charge for each video
provided or a percentage of the total revenue ultimately paid by the subscriber.

On November  7, 2006 we accepted  subscriptions  from 40  investors  for 500,000
common shares or $50,000.  While this represents the minimum under our offering,
it is sufficient for our company to implement our business plan. On December 31,
2006 we decided to focus on the  implementation of our business plan and elected
to close the offering and not extend it. We believe it was in the best interests
of the shareholders to commence with our operations immediately,  as we believed
the advantages of building a presence before competition develops outweighed the
need to raise the additional $20,000 allocated for advertising under the maximum
offering amount.

On  February  5, 2007,  our common  shares  were  posted for  trading on the OTC
Bulletin  Board  under  the  symbol  "PSEN".  Of  the  4,500,000  common  shares
outstanding at present, 4,000,000 shares are held by our officers and directors.

                                       12
<PAGE>
PLAN OF OPERATION

The following discussion of the plan of operation,  financial condition, results
of  operations,  cash flows and  changes in  financial  position  of our Company
should be read in  conjunction  with our most recent  financial  statements  and
notes  appearing  elsewhere in this Form 10-QSB;  and our SB-2 filed on June 13,
2006.

During the first stages of  Pointstar'  growth the officers and  directors  will
provide all the labor required to execute our business plan at no charge.  Since
we intend to operate with very limited administrative  support, the officers and
directors will continue to be responsible  for all labor required to procure and
market our product for at least the first year of operations.  Management has no
intention of hiring any employees  during the first year of  operations,  and we
will concentrate our efforts exclusively on locations within Western Canada.

MILESTONES

During the quarter,  we completed the design and construction of our website and
customer  portal.  The customer portal will allow direct customer access for the
selection of programming and movies. We have already  registered  several domain
names   for   use   in   our    business.    We   plan   to   use   the   domain
http://www.PointStarCorp.com           initially.           The          domains
http://www.PointStarOnline.com,         http://www.PointStarHome.com         and
http://www.PointStarLive.com will be used as the customer portal.

We also completed the development of our information brochures and bulletins for
promotional use.

We are  currently  seeking  an  agreement  with a video  storage  and  streaming
partner.  We are in the process of  developing  our video  streaming and billing
software and expect that we will have a test system  completed in  approximately
5-6 months and a fully commercial system  operational in 8 months. We anticipate
being able to generate revenue before the end of November, 2007. Over the next 3
months, we will also begin to secure  programming and movie content from content
owners,  with a focus on content (such as movies) from the  Arab-speaking  world
and from India.

EXPENDITURES

The  following  chart  provides  an overview of our  budgeted  expenditures,  by
significant  area of  activity,  utilizing  the  $50,000  we  raised  under  our
registered  offering,  for the 12 month period  following the  offering.  Please
refer to Part II, Item 2 "Use of  Proceeds"  for a detailed  description  of the
expenditures made under the budget during this quarter ended January 31, 2007.

                                                           Minimum
                                                           -------
     Legal/Accounting                                    $ 8,000.00
     Transfer Agent                                        2,000.00
     Marketing and Corporate Collateral                    4,000.00
     Website Development                                   2,000.00
     Travel                                                3,500.00
     Telephone and Web Hosting                             2,000.00
     Authentication and Billing Server                     2,000.00
     Video storage and streaming cost                      4,000.00
     Authentication and Billing Software
     Development                                          10,000.00
     Advertising (Service Providers)                       5,000.00
     Office Equipment                                      2,000.00
     Office Supplies                                       1,750.00
     Miscellaneous Administrative cost                     1,750.00
     Shipping                                              2,000.00
                                                         ----------
     Total                                               $50,000.00
                                                         ==========

The above expenditure items are defined as follows:

                                       13
<PAGE>
LEGAL/ACCOUNTING:   This  expenditure  item  refers  to  the  normal  legal  and
accounting costs associated with maintaining a publicly traded company.  It will
also cover the cost of preparation of appropriate agreements and documents.

MARKETING AND CORPORATE COLLATERAL: This include the design of logo, letterhead,
stationeries,  brochures in both  electronic  and printed  formats,  power point
presentation  and a polished  corporate  web site will be  completed  within the
first 2 months after the financing is completed. We estimate that it will cost a
minimum of $4,000 to produce.

WEBSITE  DEVELOPMENT:  This will  includes  our own  corporate  website  and the
development of the customer portal on the website. This will enable the customer
to interact with the site and order programming  directly over the internet.  We
are  planning to  customize  the  interface  to provide for a brand name for the
different  service  providers.  Larger service providers will likely build their
own  custom  interface  and will  connect  to our  side  via  APIs  (Application
Programmable  Interfaces).  This will be completed by the launch of the service.
Depending on the level of financing, the complexity, functionality and usability
of the interface can be refined.

TRAVEL: This expenditure includes travel costs incurred promoting our service to
content owners.

TELEPHONE  AND WEB HOSTING:  This is the cost of hosting our email and corporate
web site as well as our telephone and fax expenses.

AUTHENTICATION AND BILLING SERVER:  This server will host the Authentication and
billing Software that authenticates  users and keeps track of billings.  It also
includes a database that stores information related to the programming,  service
providers,  accounting and billing  information.  This server will also host the
customer portal software.

VIDEO STORAGE AND STREAMING COST: We are aware of several companies that provide
video storage and  streaming.  We intend to enter into an agreement  with one of
these companies to store and stream the video  programming to our customers.  We
have budgeted  between  $4,000-$6,000  for this item. The variance is due to the
increased  traffic cost associated with  increasing  number of service  provider
customers that would materialize with increased advertising expenditure.

AUTHENTICATION  AND BILLING SOFTWARE  DEVELOPMENT:  This software will reside on
the   authentication  and  billing  server.  It  will  store  all  the  client's
information  and those of the video  programming  and their  locations.  It will
authenticate  the service  provider and instruct the Video storage and streaming
partner to deliver the programming to the desired audience.

ADVERTISING  (SERVICE  PROVIDERS):  Depending on the amount of money raised,  we
will be spending  between $12,000 to $15,000 on advertising  targeted at service
providers  and  to  highlight  our  brand  name.  The  advertising  will  be  in
publications targeting the service provider markets.

OFFICE EQUIPMENT:  This include the purchase of one laptop and associated S/W, a
printer,  two filing  cabinets  and a storage unit for the DVDs from the content
providers.

OFFICE SUPPLIES: This include stationary, printer cartridges, folders, and other
office supplies.

MISCELLANEOUS  ADMINISTRATIVE  COST:  This expense  refers to any  miscellaneous
costs that have not been otherwise listed, such as bank service charges.

                                       14
<PAGE>
SHIPPING:  Represents  expense  for  shipping  content,  most of  which  will be
overseas.  We expect to spend more money on  shipping if we raise the higher sum
since this will mean more content  providers.  This also cover  shipping cost of
information packages to the different content providers.

MANAGEMENT DISCUSSION AND ANALYSIS

At January 31, 2007, we had working  capital of $25,342,  compared to $10,923 at
April 30,  2006.  At January 31,  2007,  our total  assets  consisted of cash of
$26,042 and  property  and  equipment  of 9,837,  compared to cash of $10,923 at
April 30, 2006.

At January 31,  2007,  our total  current  liabilities,  all  accounts  payable,
increased to $700 from $nil at April 30, 2006.

We have not had revenues  from  inception.  Our short and long term  survival is
dependent  on funding  from  sales of  securities  and,  as  necessary,  or from
shareholder loans.

RESULTS OF OPERATIONS

Our company posted losses of $25,744 for the nine months ended January 31, 2007.
Comparisons  are not meaningful in this case as our company was  incorporated on
March 8, 2006.  From  inception to January 31, 2007 we have  incurred  losses of
$29,821. The principal component of our losses for the nine months ended January
31,  2007  included  general  and  administrative  costs of $6,618,  $11,702 for
professional  fees,  $6,000 for the preparation of marketing  materials and $889
for website hosting.

As of the date of this report,  our net cash balance is  approximately  $19,127.
Cash on hand is  currently  our only  source  of  liquidity.  We do not have any
lending  arrangements in place with banking or financial  institutions and we do
not anticipate that we will be able to secure these funding  arrangements in the
near future.

We believe our existing  cash  balances are  sufficient  to carry our  corporate
existence for the next 9 months. To the extent that we require  additional funds
to support our  operations or the  expansion of our business,  we may attempt to
sell  additional  equity  shares or issue debt.  Any sale of  additional  equity
securities  will  result  in  dilution  to  our  stockholders.  There  can be no
assurance  that  additional  financing,  if  required,  will be available to our
company or on acceptable terms.

ITEM 3. CONTROLS AND PROCEDURES

As of the end of the period covered by this report,  we conducted an evaluation,
under the supervision and with the  participation of our chief executive officer
and chief  financial  officer of our  disclosure  controls  and  procedures  (as
defined in Rule 13a-15(e) of the Exchange Act). Based upon this evaluation,  our
chief  executive   officer  and  chief  financial  officer  concluded  that  our
disclosure  controls and  procedures  are  effective to ensure that  information
required to be  disclosed  by us in the reports that we file or submit under the
Exchange Act is recorded,  processed,  summarized and reported,  within the time
periods specified in the Commission's rules and forms.

There has been no change in our internal control over financial reporting during
the current  quarter that has materially  affected,  or is reasonably  likely to
materially affect, our internal control over financial reporting.

                                       15
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

On November 7, 2006 we accepted  subscriptions  from 40 offshore  investors  for
500,000 common shares under our registered offering.  This is the minimum amount
under the offering.  No  underwriters  were used,  and no  commissions  or other
remuneration was paid except to our Company.

The  following  is the use of  proceeds  for actual  expenses  incurred  for our
account to January 31, 2007 in connection with the issuance and  distribution of
the securities under our registered offering:

<TABLE>
<CAPTION>
                                    Amount of direct or indirect
                                  payments to directors, officers,
                                 general partners, 10% shareholders      Amount of direct or indirect
    Expense                         or affiliates of the Issuer               payments to others
    -------                         ---------------------------               ------------------
<S>                               <C>                                    <C>
Attorney fees                                 0                                   $5,027
Audit fees                                    0                                    2,500
Escrow agent fees                             0                                    2,000
Edgarizing and filing fees                    0                                      305
SEC filing fees                               0                                        8
Transfer agent                                0                                    1,200
</TABLE>

The above  expenses were paid from existing  working  capital at the time of the
offering; therefore they were not deducted from the proceeds of the offering.

Following  is a  table  detailing  the use of net  offering  proceeds  from  the
offering of the securities.

<TABLE>
<CAPTION>
                                    Amount of direct or indirect
                                  payments to directors, officers,
                                 general partners, 10% shareholders      Amount of direct or indirect
    Expense                         or affiliates of the Issuer               payments to others
    -------                         ---------------------------               ------------------
<S>                               <C>                                    <C>
Legal/Accounting                              0                                   $1,880
Marketing and Corporate Collateral            0                                    6,000
Website Development                           0                                    2,000
Telephone and Web Hosting                     0                                      791
Authentication and Billing Software
Development                                   0                                    7,837
Miscellaneous Administrative cost             0                                    2,015
</TABLE>

The  proceeds  from  our  offering  are to be  used to fund  our  operations  as
described in the SB-2  offering  document  incorporated  for  reference  herein.
"Description of Business" and "Plan of Operation".

                                       16
<PAGE>
ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Pursuant to Rule 601 of Regulation  SB, the following  exhibits are included
herein or incorporated by reference.

     Exhibit
     Number                              Description
     ------                              -----------
     3.1       Articles of Incorporation*
     3.2       By-laws*
     31.1      Certification of CEO Pursuant To 18 U.S.C. ss. 1350, Section 302
     31.2      Certification  of CFO Pursuant To 18 U.S.C. ss. 1350, Section 302
     32.1      Certification  Pursuant  to 18 U.S.C.  ss.1350,  Section 906
     32.2      Certification  Pursuant  to 18 U.S.C.  ss. 1350, Section 906

----------
*    Incorporated by reference to our SB2  Registration  Statement,  File Number
     333-134990

(b) Reports on Form 8-K

None.

                                       17
<PAGE>
                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized, on this 15th day of March,
2007.

                               POINTSTAR ENTERTAINMENT CORP.


Date: March 15, 2007           By: /s/ Altaf Alimohamed
                                  ----------------------------------------------
                               Name:  Altaf Alimohamed
                               Title: President/CEO, principal executive officer



Date: March 15, 2007           By: /s/ Rafeh Hulays
                                  ----------------------------------------------
                               Name:  Rafeh Hulays
                               Title: Chief Financial Officer,
                                      principal financial officer

                                       18