The Company will initially launch its programs by producing four-hour blocks of broadcast content for purchase on pay cable and satellite television stations. The Company eventually plans to develop its own pay cable or satellite station, however its current business objectives are focused upon the initial launch of its programming in the US, together with the development, marketing and sale of DVDs and branded merchandise in the US.

The Company intends to develop revenue sources through the distribution of its programming to cable and satellite television distributors, the development and sale of DVDs and the development of merchandise including clothing.

On January 10, 2006, the Company entered into a License Agreement with iN DEMAND L.L.C. which will serve as the initial US distribution agreement for the Company’s broadcast content. Under the Agreement, the Company’s programs will broadcast weekly, in four-hour blocks, on cable television stations on a “Pay Per View” basis, including a VOD basis.

The Company has already captured over 10,000 hours of footage for its library including over a thousand interviews with the television and movie industries’ biggest, hottest, and most popular stars. This number represents raw, uncut and full-length footage of celebrity interviews. Currently, the Company creates approximately 200 hours per month of new raw footage of celebrity interviews, which it plans to increase as necessary as it approaches its launch date and begin expanded production.

Compensation and benefits for the nine months ended September 30, 2005 totaled $1,310,425, as compared to $1,298,781 for the nine months ended September 30, 2004, indicating that salaries and benefits for these periods was comparable.

For the nine months ended September 30, 2005, selling, general and administrative expenses were $1,191,624, compared to $1,298,694 for the nine months ended September 30, 2004.

Net operating loss for the nine months ended September 30, 2005 was $3,439,834 as compared to a net operating loss of $3,741,998 for the nine months ended September 30, 2004.

Total other income (expense) for the nine months ended September 30, 2005 was a net expense of $511,961, compared to a net expense of $2,817,344 for the nine months ended September 30, 2004.