OTC Bulletin Board S & P Company Insight for STUDIO ONE MEDIA INC
Profile
	Business Summary: Studio One Media, Inc. engages in the development and manufacture of an interactive audio/video recording and conferencing studio designed for installation in shopping malls and other pedestrian high traffic public areas in the United States.   Address   7650 E. Evans Rd.   Suite C   Scottsdale , AZ 85260-6966   Phone: 480-556-9303   Fax: 480-556-9442   Website: http://www.mystudiomedia.com Auditor   Moore & Associates Transfer Agent   American Stock Transfer & Trust Co. Employees:  21 ShareHolders:  425 Founded:  1988 Domicile:  Delaware
Background
	Studio One Media, Inc. engages in the development and manufacture of an interactive audio/video recording and conferencing studio designed for installation in shopping malls and other pedestrian high traffic public areas in the United States. The company primarily offers MyStudio video recording studio, which enables the public, for a fee, to step into a sound proof recording studio and record a three minute video in a private, and enter their performances in music, modeling, and other talent related contests. Its MyStudio is also used to record video resumes, dating profiles, and personal messages. Studio One Media is based in Scottsdale, Arizona. History:  INCORPORATED in Delaware May 12, 1988 as Dimensional Visions Group, Ltd.; name changed to Dimensional Visions Inc. Jan. 15, 1998, to Elevation Media, Inc. Feb. 8, 2006, and to Studio One Media, Inc. Mar. 28, 2006. April 17, 2007, completed the acquisition of Studio One Entertainment, Inc. through the exchange of 7,000,000 Common shares of the company for 100% of the issued and outstanding shares of Studio One Entertainment.   Subsidiaries: Studio One Entertainment, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2008   398   2007   166   2006   0   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2008   1,065   2007   458   2006   0
Management
	Management Officers Position  Barry M. Goldwater, Jr. Chairman  Preston J. Shea President, Secretary & Chief Executive Officer  Kenneth R. Pinckard Treasurer, Chief Financial Officer & Chief Accounting Officer Directors  Barry M. Goldwater, Jr.  Kenneth R. Pinckard  Preston J. Shea
Annual Report
	Annual Report   Income Statement   2008 2007 2008 Revenues Sales $- $- $- Cost of Sales - - - Gross Profit - - - Operating Expenses General and Administrative Expenses 7,561,257 13,258,681 5,158,340 Research and Development 1,065,168 1,522,838 457,670 Total Operating Expenses 8,626,425 14,781,519 5,616,010 Loss from Operations (8,626,425) (14,781,519) (5,616,010) Other Income (Expense) Interest Expense (14,553) (312,800) (22,844) Other Income 24,005 24,005 - Gain on Extinguishment of Indebtedness - 381,683 8,267 Total Other Income (Expense) 9,452 92,888 (14,577) Loss before Income Taxes (8,616,973) (14,688,631) (5,630,587) Income Tax Expense - - - Net Loss $(8,616,973) $(14,688,631) $(5,630,587) Basic Loss Per Share of Common Stock $(0.71) $(0.80) Weighted Average Number of Shares Outstanding 12,179,418 7,077,032 The accompanying notes are an integral part of these financial statements.   Balance Sheet   2008 2007 ASSETS Current Assets Cash $391,109 $417,236 Accrued Interest Receivable 55,701 32,535 Prepaid Expenses 48,153 124,184 Notes Receivable-Current 178,752 194,663 Total Current Assets 673,715 768,618 Property and Equipment, Net 548,070 156,956 Other Assets Deposits 29,630 6,400 Intangible Assets, net 857,923 827,033 Total Other Assets 887,553 833,433 Total Assets $2,109,338 $1,759,007 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable and Accrued Expenses $358,359 $235,090 Notes Payable - Related Party 108,319 104,502 Notes Payable - Current 49,385 45,885 Total Current Liabilities 516,063 385,477 Long-Term Liabilities - - Total Liabilities 516,063 385,477 Stockholders' Equity Preferred Stock, authorized 10,000,000 shares, par value $0.001; issued and oustanding are 524,044 shares at June 30, 2008 and June 30, 2007, respectively 524 524 Common Stock, authorized 100,000,000 shares, par value $0.001; issued and outstanding are 13,212,398 and 11,362,739 shares at June 30, 2008 and June 30, 2007, respectively 13,212 11,363 Additional Paid in Capital 40,672,472 31,837,603 Accumulated Deficit - Pre Development Stage (24,404,302) (24,404,302) Accumulated Deficit - Development Stage (14,688,631) (6,071,658) Total Stockholders' Equity 1,593,275 1,373,530 Total Liabilities and Stockholders' Equity $2,109,338 $1,759,007
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   2 40,000   2009   3 60,000   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   Full Year Nil   2007   1 Nil   2007   3 Nil   2007   Full Year Nil   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   Full Year Nil   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   Full Year Nil   2004   1 Nil   2004   2 Nil   2004   3 Nil   2004   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (3,270,000)   2009   2 (2,310,000)   2009   3 (1,110,000)   2008   1 (1,340,000)   2008   2 (2,620,000)   2008   3 (2,050,000)   2008   4 (2,610,000)   2008   Full Year (8,620,000)   2007   1 (460,000)   2007   3 (440,000)   2007   Full Year (5,630,000)   2006   1 (30,000)   2006   2 20,000   2006   3 (30,000)   2006   Full Year (108,000)   2005   1 (20,000)   2005   2 (80,000)   2005   3 (20,000)   2005   Full Year (106,700)   2004   1 (30,000)   2004   2 (20,000)   2004   3 (10,000)   2004   Full Year (107,600)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.24)   2009   2 (.16)   2009   3 (.07)   2008   1 (.12)   2008   2 (.22)   2008   3 (.16)   2008   4 (.21)   2008   Full Year (.71)   2007   1 (.16)   2007   2 (.13)   2007   3 (.13)   2007   4 (.23)   2007   Full Year (.80)   2006   1 (.02)   2006   2 (.02)   2006   3 (.03)   2006   4 .04   2006   Full Year (.08)   2005   1 (.02)   2005   2 (.07)   2005   3 (.02)   2005   Full Year (.10)   2004   1 Nil   2004   2 Nil   2004   3 (.02)   2004   Full Year (.22)
Stock Data
	Capitalization as of 06/30/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 10,000,000 524,044so1 Common $0.001 par 100,000,000 13,212,398   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  06/30/2008, 425. PRINCIPAL STOCKHOLDERS: June 30, 2008, Lawrence G. Ryckman owned or controlled 38.5% of the Common, Perry D. Logan 10.8% and Andrea Dworshak 5.3%.   Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): SOMD   Exchange Year High Low OTC Bulletin Board 2008 6.5000 0.5600 OTC Bulletin Board 2007 6.9500 3.7000 OTC Bulletin Board 2006 6.9000 0.3000 OTC Bulletin Board 2005 7.2500 1.4500 OTC Bulletin Board 2004 7.0000 0.2999 OTC Bulletin Board 2003 1.3197 0.0059 OTC Bulletin Board 2002 2.0995 0.0059 OTC Bulletin Board 2001 0.3700 0.0200 OTC Bulletin Board 2000 0.5600 0.1300   DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-60, May 18, 2004.       so1Closely held. Consists of: Series A, 15,500 shares; Series B, 3,500 shares; Series C, 13,404 shares; Series D, 130,000 shares; Series E, 275,000; and Series P, 86,640 shares. Each share is convertible into Common as follows: Series A, 0.027 Common share; Series B, 0.067 Common share; Series C, 0.007 Common share; Series D, 0.034 Common share; Series E, 0.034 Common share; and Series P, 0.007 Common share.