OTC Bulletin Board S & P Company Insight for BETAWAVE CORPORATION
Profile
	Business Summary: Betawave Corporation operates as an attention-based digital media company in the United States. The company delivers advertising and content to various audiences of highly-engaged users through innovative ad formats.   Address   706 Mission Street   10th Floor   San Francisco , CA 94103   Phone: 415-738-8706   Website: http://www.betawave.com Auditor   Rowbotahm & Company   San Francisco Transfer Agent   Continental Stock Transfer & Trust Co. Employees:  55 ShareHolders:  90 Founded:  2005 Domicile:  Nevada
Background
	Betawave Corporation operates as an attention-based digital media company in the United States. The company delivers advertising and content to various audiences of highly-engaged users through innovative ad formats. It offers marketers a scalable video advertising and distribution solution related to animation, youth-oriented news, action sports, movie and video game information, special events, celebrity interviews, fashion, and health and beauty segments. The publishers in the company's network span various online experiences enjoyed by Internet users, including entertainment focused and educational virtual worlds, casual and massively multi-player games, avatar-based social networks, educational, informational, and photo sharing sites. Betawave Corporation serves brand advertisers in consumer packaged goods, entertainment, consumer electronics and software, and retail markets. The company was formerly known as GoFish Corporation and changed its name to Betawave Corporation in January 2009. Betawave Corporation was founded in 2003 and is headquartered in San Francisco, California. History:  INCORPORATED in Nevada Feb. 2, 2005, as Unibio Inc.; name changed to GoFish Corporation Sept. 14, 2006; and to Betawave Corp. Feb. 27, 2009. On Oct. 27, 2006, the company acquired GoFish Technologies, Inc. for 3,632,555 Common shares and Internet Television Distribution Inc. for 3,500,000 Common shares. In each case, the acquisition was effected through the merger of a subsidiary of the company into the acquired concern. GoFish Technologies, Inc. was incorporated in California May 13, 2003.   Subsidiaries: GoFish Technologies, Inc. Internet Television Distribution Inc.
Management
	Management Officers Position  Jim  Moloshok Chairman  Matt  Freeman Vice Chairman  Tabreez  Verjee President & Chief Executive Officer  Lennox L. Vernon Chief Operating Officer, Chief Accounting Officer & Chief Financial Officer  David  Lorie Secretary, General Counsel & Investor Relations Contact Directors  John  Durham  Matt  Freeman  Michael  Jung  Richard G. Ling  Mark S. Menell  Jim  Moloshok  Riaz  Valani  Tabreez  Verjee
Annual Report
	Annual Report   Income Statement   2008 2007 REVENUES Revenues 7,701,599 2,081,182 EXPENSES Cost of Revenues (6,551,870) (2,437,047) Sales and Marketing (6,480,550) (6,174,158) General and Administrative (6,024,801) (5,186,981) Product Development (713,964) (2,261,481) Interest Expense (2,465,545) (1,276,568) Interest Income 23,238 147,007 Loss on Debt Extinguishment (2,736,832) - Miscellaneous Income/expense 278,740 536 Acquisition Costs - (1,270,348) Earnings before Taxes (16,969,984) (16,377,858) TAXES AND OTHER EXPENSES Net Income (Loss) (16,969,984) (16,377,858) SUPPLEMENTARY INFO Operating Income (Loss) (14,806,418.00) (15,248,833.00) Basic Eps-continuing Operations (0.66) (0.68) Diluted Eps-continuing Operations (0.66) (0.68)   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 11,863,121 1,108,834 Accounts Receivables 3,108,136 1,604,209 Prepaid Expenses 961,829 503,792 Total Current Assets 15,933,086 3,216,835 NON CURRENT ASSETS Property and Equipment, net 236,448 457,317 Convertible Note Fees, Net - 1,189,486 Deposits 113,029 117,979 Total Assets 16,282,563 4,981,617 CURRENT LIABILITIES Accounts Payable 4,085,886 1,398,262 Accrued Liabilities 1,601,840 714,693 Deferred Revenue 109,243 - Total Current Liabilities 5,796,969 2,112,955 NON CURRENT LIABILITIES Convertible Notes, Net - 6,260,282 Preferred Stock Convertible 7,065 - SHAREHOLDERS' EQUITY Common Stock-par Value 29,230 25,171 Additional Paid in Capital 51,563,484 20,727,408 Accumulated Deficit (41,095,272) (24,125,288) Notes Receivables from Stockholders (18,910) (18,910) Total Shareholders Equity 10,485,594 (3,391,620) Total Liabilities & Shareholders Equity 16,282,563 4,981,617
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 1,390,000   2008   1 660,000   2008   2 1,280,000   2008   3 2,790,000   2008   4 2,980,000   2008   Full Year 7,700,000   2007   1 20,000   2007   2 30,000   2007   3 490,000   2007   4 1,540,000   2007   Full Year 2,080,000   2006   2 10,000   2006   3 10,000   2006   4 10,000   2006   Full Year Nil   2005   3 10,000   2005   4 20,000   2005   Full Year 30,000     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (4,410,000)   2008   4 (5,980,000)   2008   Full Year (16,970,000)   2007   2 (5,880,000)   2007   3 (3,780,000)   2007   Full Year (16,380,000)   2006   Full Year (5,310,000)   2005   Full Year (2,000,000)   2004   Full Year (410,000)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.15)   2008   1 (.16)   2008   2 (.14)   2008   3 (.13)   2008   4 (.23)   2008   Full Year (.66)   2007   1 (.15)   2007   2 (.24)   2007   3 (.16)   2007   4 (.13)   2007   Full Year (.74)   2006   1 (.07)   2006   2 (.26)   2006   3 (.14)   2006   4 (.13)   2006   Full Year (.51)   2005   4 (.07)   2005   Full Year (.21)   2004   Full Year (.05)
Stock Data
	Capitalization as of 03/31/2009:     Authorized Shares Outstanding Shares Preferred $0.001 par 10,000,000 7,065,293so1 Common $0.001 par 400,000,000 29,229,284   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  12/31/2008, 90. Transfer Agent:  Continental Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): BWAV   Exchange Year High Low OTC Bulletin Board 2009 0.0000 0.0000 OTC Bulletin Board 2008 0.5900 0.0800 OTC Bulletin Board 2007 6.1000 0.1600 OTC Bulletin Board 2006 4.7000 2.5000   DIVIDENDS: Common $0.001 par: No cash. Common split 8.333334-for-1, Oct. 10, 2006.       so1Closely held. Consists of Ser. A Convertible shares. Each share is convertible into 20 Common shares.