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<p  align=right><font size="2" face="Times New Roman">Registration No. 333-______</font></p>
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<font size="2" face="Times New Roman">As filed with the Securities and Exchange Commission on September 15, 2005</font></p>

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<font size="5" face="Times New Roman"><b>SECURITIES AND EXCHANGE COMMISSION</b><br></font> <font size="3"><b>Washington, D.C. 20549</b></font></p>
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<font size="5" face="Times New Roman"><b>FORM S-8</b></font></p>
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<font size="3" face="Times New Roman"><b>REGISTRATION STATEMENT<br> UNDER<br> THE SECURITIES ACT OF 1933</b></font></p>

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<font size="6" face="Times New Roman"><b>BABYUNIVERSE,   INC.</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Exact name   of registrant as specified in its charter)</i></font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman"><b>Florida</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><b>65-0797093</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(State or   other jurisdiction of<br>   incorporation or organization)</i></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><i>(I.R.S.   Employer<br>   Identification No.)</i></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size="2" face="Times New Roman"><b>5601 N.W. 9<sup>th</sup> Avenue, Suite 104</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><b>33309</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>Fort   Lauderdale, Florida</i></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><i>(zip code)</i></font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<p  align="center">
<font size="2" face="Times New Roman"><b>BABYUNIVERSE 2005 STOCK INCENTIVE PLAN<br></b><i>(Full title of plan)</i></font></p>

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<p  align="center">
<font size="2" face="Times New Roman"><b>John C. Textor<br> Stuart Goffman<br> 5601 N.W. 9<sup>th</sup> Avenue, Suite 104<br> Fort Lauderdale, Florida&#160; 33309<br>
</b></font>
<font size="2" face="Times New Roman"><i>(Name, address and telephone number, including area code, of agent for service)</i></font></p>
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<font size="2" face="Times New Roman"><b>Copies of all communications to:</b></font></p>
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<font size="2" face="Times New Roman">Bradley D. Houser<br> Akerman Senterfitt<br> One Southeast Third Avenue, 28th Floor<br> Miami, Florida&#160; 33131<br> Telephone: (305) 374-5600</font></p>

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<p  align="center">
<font size="2" face="Times New Roman"><b>CALCULATION OF REGISTRATION FEE</b></font></p>

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<font size="1" face="Times New Roman"><b>Title of   Each Class of<br>   Securities to be<br>   Registered</b></font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="1" face="Times New Roman"><b>Amount to   be<br>   Registered (1)</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="1" face="Times New Roman"><b>Proposed<br>   Maximum<br>   Offering Price<br>   Per Share (2)</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="1" face="Times New Roman"><b>Proposed<br>   Maximum<br>   Aggregate<br>   Offering<br>   Price</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="1" face="Times New Roman"><b>Amount of<br>   Registration<br>   Fee</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td width="30%" valign="bottom">
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  </td>
  <td width="3%" valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="1%" valign="bottom">
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  </td>
  <td width="13%" valign="bottom">
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  </td>
  <td width="3%" valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="1%" valign="bottom">
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  </td>
  <td width="13%" valign="bottom">
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  </td>
  <td width="3%" valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="1%" valign="bottom">
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  </td>
  <td width="13%" valign="bottom">
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  </td>
  <td width="3%" valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="1%" valign="bottom">
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  </td>
  <td width="13%" valign="bottom">
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  </td>
  <td width="1%" valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">Common stock, par value   $0.001 pr share</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">569,704</font></p>  </td>
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<font size="1" face="Times New Roman">(3)</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">$</font></p>  </td>
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<font size="1" face="Times New Roman">9.125</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">$</font></p>  </td>
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<font size="1" face="Times New Roman">5,198,549</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">$</font></p>  </td>
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<font size="1" face="Times New Roman">611.87</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">(1)</font></p>  </td>
  <td width="95%" valign="top">
  <p>
<font size="2" face="Times New Roman">Pursuant to   Rule 416(a), promulgated under the Securities Act of 1933, as amended (the   &#147;Securities Act&#148;), this Registration Statement also covers additional   securities to be offered or sold as a result of any adjustments from stock splits,   stock dividends or similar events.</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">(2)</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">This   calculation is made solely for the purpose of determining the&#160; registration fee pursuant to the provision   of Rule 457(h) under the Securities Act in the case of shares of common stock   of BabyUniverse, Inc. par value $0.001 per share (&#147;common&#160; stock&#148;) which may be purchased upon the   exercise of options that have not yet been granted and the option price of   which is therefore unknown.&#160; The fee   is calculated on the basis of the average of the high and low price per share   of common stock on the American Stock Exchange as of September 7, 2005.</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">(3)</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Consists of   465,456 shares of common stock issuable under the BabyUniverse 2005 Stock   Incentive Plan and 104,248 shares of common stock issuable pursuant to outstanding   stock options granted outside of the BabyUniverse 2005 Stock Incentive Plan.</font></p>  </td>
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<p  align="center"><font size="2" face="Times New Roman">2</font></p>

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<p  align="center">
<font size="2" face="Times New Roman"><b>PART I</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in Part I of this Registration Statement will be sent or given to all persons who participate in the BabyUniverse 2005 Stock Incentive Plan, as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). These documents are not required to be filed with the Securities and Exchange Commission (the &#147;Commission&#148;) as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</font></p>
<p  align="center">
<font size="2" face="Times New Roman">3</font></p>

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<p  align="center">
<font size="2" face="Times New Roman"><b>PART II</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></font></p>
<p>
<font size="2" face="Times New Roman"><b>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby incorporate by reference into this Registration Statement the following documents or portions thereof as indicated which we have filed with Commission:&#160; </font></p>
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<font size="2" face="Times New Roman">(a)</font></p>  </td>
  <td width="95%" valign="top">
  <p>
<font size="2" face="Times New Roman">our Final   Prospectus dated August 2, 2005, which was filed with the SEC on August 3,   2005 pursuant to Rule 424(b) under the Securities Act;</font></p>  </td>
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  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">(b)</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">our Current   Report on Form 8-K dated August 29, 2005, which was filed with the Commission   on August 31, 2005;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">(c)</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">our   Quarterly Report on Form 10-Q for the quarter end June 30, 2005, which was   filed with the Commission on September 9, 2005;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">(d)</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">the   description of our common stock contained in our Registration Statement on   Form S-1 filed with the Commission on April 27, 2005, including any   amendments or reports filed for the purpose of updating the description.</font></p>  </td>
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<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;), other than information furnished pursuant to Item 9 or Item 12 of Form 8-K, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.&#160; </font></p>

<p><font size="2" face="Times New Roman"><b>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities.</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.&#160; The class of securities to be offered is registered under Section 12(b) of the Exchange Act.</font></p>
<p>
<font size="2" face="Times New Roman"><b>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel</b>.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.&#160; </font></p>
<p  align="center">
<font size="2" face="Times New Roman">4</font></p>

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<p><font size="2" face="Times New Roman"><b>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers</b>.&#160; </font></p>

<p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Amended
and Restated Articles of Incorporation provide for the indemnification of
directors and officers.&#160; The general effect of these provisions is to
indemnify to the fullest extent provided, authorized, allowed or not prohibited
by the Florida Business Corporation Act (the &#147;FBCA&#148;), any director or
officer against any liability arising from any action or suit in which he is
involved by the reason of the fact that he is or was a director or
officer.&#160; Advances against expenses may be made and the indemnity coverage
provided thereunder includes liabilities under the federal securities laws as
well as in other contexts.&#160; Generally, the FBCA permits indemnification of
a director of officer upon a determination that he or she acted in good faith
and in a manner he or she reasonably believed to be in, or not opposed to, the
best interest of the corporation and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was
unlawful.</font></p>

<p><font size="2" face="Times New Roman"><b>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption From Registration Claimed.</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</font></p>
<p>
<font size="2" face="Times New Roman"><b>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</b></font></p>
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  <td width="10%"  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  valign="top">
  <p><font size="1" face="Times New Roman"><b>Exhibit No.</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p>
<font size="1" face="Times New Roman"><b>Description of Exhibits</b></font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <hr size="1" width="100%" noshade color=black>

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  <p  align="center">
<font size="2" face="Times New Roman">5.1</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Opinion of   Akerman Senterfitt regarding the common stock being registered</font></p>  </td>
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  <p  align="center">
<font size="2" face="Times New Roman">23.1</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Consent of   Independent Certified Public Accountants, Lieberman &amp; Associates, P.A.</font></p>  </td>
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  <p  align="center">
<font size="2" face="Times New Roman">23.2</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Consent of   Akerman Senterfitt, included in&#160;   Exhibit 5.1</font></p>  </td>
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  <p  align="center">
<font size="2" face="Times New Roman">24.1</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Powers of   attorney executed by certain officers and directors of the Registrant   (included on signature page)</font></p>  </td>
 </tr>
</table>

<p><font size="2" face="Times New Roman"><b>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</b></font></p>
<p>
<font size="2" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: </font></p>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To   include any prospectus required by Section 10(a)(3) of the Securities Act;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To   reflect in the prospectus any facts or events arising after the effective   date of the Registration Statement (or the most recent post-effective   amendment thereof) which, individually or in the aggregate, represent a fundamental   change in the information set forth in the Registration Statement.   Notwithstanding the foregoing, any increase or decrease in volume of   securities offered (if the total dollar value of securities offered would not   exceed that which was registered) and any deviation from the low or high end   of the estimated maximum offering range may be reflected in the form of   prospectus filed with the Commission pursuant to Rule 424(b) if, in the   aggregate, the changes in volume and price represent no more than a 20%   change in the maximum aggregate offering price set forth in the
&#147;Calculation   of Registration Fee&#148; table in the effective Registration Statement;</font></p>  </td>
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  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To   include any material information with respect to the plan of distribution not   previously disclosed in the Registration Statement or any material change to   such information in the Registration Statement;</font></p>  </td>
 </tr>
</table>

<p>
<font size="2" face="Times New Roman"><i>provided, however</i>, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement. </font></p>
<p  align="center">
<font size="2" face="Times New Roman">5</font></p>

<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </font></p>
<p>
<font size="2" face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </font></p>

<p><font size="2" face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</font></p>
<p  align="center">
<font size="2" face="Times New Roman">6</font></p>

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<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman"><b>SIGNATURES</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Fort Lauderdale, State of Florida on this 15th day of September, 2005.</font></p>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">/s/ John C.   Textor</font></p>  </td>
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  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">John C.   Textor<br>   Chief Executive Officer</font></p>  </td>
 </tr>
</table>

<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Jonathan Teaford and Robert Brown as such person&#146;s true and lawful attorneys-in-fact, each acting alone, with full powers of substitution and resubstitution, for such person and in such person&#146;s name, place and stead, in any and all capacities to sign any or all amendments, including any post-effective amendments, to this Registration Statement, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact or their substitutes, each acting alone, may lawfully do or cause to be done by virtue hereof.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:</font></p>
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  <td width="28%" valign="bottom">
  <p align="center">
<font size="1" face="Times New Roman"><b>Signature</b></font></p>  </td>
  <td width="5%" valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="30%" valign="bottom">
  <p  align="center">
<font size="1" face="Times New Roman"><b>Title</b></font></p>  </td>
  <td width="5%" valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="1" face="Times New Roman"><b>Date</b></font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
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  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">/s/   John C. Textor</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Chief   Executive Officer, Chairman of</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">the   Board (principal executive officer)</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">John   C. Textor</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">/s/   Stuart Goffman</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Chief   Operating Officer and Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">Stuart   Goffman</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">/s/   Robert Brown</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Chief   Financial Officer (principal</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size="2" face="Times New Roman">financial   and accounting officer)</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">Robert   Brown</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">/s/   Jonathan Teaford</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Executive   Vice President and Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
 </tr>
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  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">Jonathan   Teaford</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p align="center">
<font size="2" face="Times New Roman">/s/   Curtis S. Gimson</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
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  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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 <tr>
  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">Curtis   S. Gimson</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <p align="center">
<font size="2" face="Times New Roman">/s/   Bethel Gottlieb</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p align="center">
<font size="2" face="Times New Roman">Bethel   Gottlieb</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p align="center">
<font size="2" face="Times New Roman">/s/   John Nichols</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p align="center">
<font size="2" face="Times New Roman">John   Nichols</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p align="center">
<font size="2" face="Times New Roman">/s/   Carl Stork</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">Director</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">September   15, 2005</font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  valign="bottom">
  <p align="center">
<font size="2" face="Times New Roman">Carl   Stork</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<p  align="center">
<font size="2" face="Times New Roman">7</font></p>

<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman"><b>INDEX OF ATTACHED EXHIBITS</b></font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="15%" valign="top">
  <p><font size="1" face="Times New Roman"><b>Exhibit No.</b></font></p>  </td>
  <td width="5%" valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="80%" valign="top">
  <p><font size="1" face="Times New Roman"><b>Description of Exhibits</b></font></p>  </td>
 </tr>
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  <hr size="1" width="100%" noshade color=black>

  </td>
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  </td>
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  <p  align="center"><font size="2" face="Times New Roman">5.1</font></p>  </td>
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  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p><font size="2" face="Times New Roman"><a href="bu3596ex51.htm">  Opinion of   Akerman Senterfitt regarding the common stock being registered</a></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman">23.1</font></p>  </td>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p><font size="2" face="Times New Roman"><a href="bu3596ex231.htm">Consent of   Independent Certified Public Accountants, Lieberman &amp; Associates, P.A.</a></font></p>  </td>
 </tr>
</table>
<BR>
<p  align="center"><font size="2" face="Times New Roman">8</font></p>


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[{"type": "S-8", "sequence": "1", "filename": "bu3596.htm", "description": "FORM S-8", "secsgml_size_bytes": 53729}]
{"company-data": {"conformed-name": "BABYUNIVERSE, INC.", "cik": "0001325118", "assigned-sic": "5960", "irs-number": "650797093", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-128353", "film-number": "051087267"}, "business-address": {"street1": "5601 NORTHWEST 9 AVENUE", "street2": "SUITE 104", "city": "FORT LAUDERDALE", "state": "FL", "zip": "33309", "phone": "954-771-5160"}, "mail-address": {"street1": "5601 NORTHWEST 9 AVENUE", "street2": "SUITE 104", "city": "FORT LAUDERDALE", "state": "FL", "zip": "33309"}}
Registration No. 333-______
As filed with the Securities and Exchange Commission on September 15, 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
BABYUNIVERSE,   INC.
(Exact name   of registrant as specified in its charter)
Florida
65-0797093
(State or   other jurisdiction of
incorporation or organization)
(I.R.S.   Employer
Identification No.)
5601 N.W. 9
th
Avenue, Suite 104
33309
Fort   Lauderdale, Florida
(zip code)
BABYUNIVERSE 2005 STOCK INCENTIVE PLAN
(Full title of plan)
John C. Textor
Stuart Goffman
5601 N.W. 9
th
Avenue, Suite 104
Fort Lauderdale, Florida  33309
(Name, address and telephone number, including area code, of agent for service)
Copies of all communications to:
Bradley D. Houser
Akerman Senterfitt
One Southeast Third Avenue, 28th Floor
Miami, Florida  33131
Telephone: (305) 374-5600
CALCULATION OF REGISTRATION FEE
Title of   Each Class of
Securities to be
Registered
Amount to   be
Registered (1)
Proposed
Maximum
Offering Price
Per Share (2)
Proposed
Maximum
Aggregate
Offering
Price
Amount of
Registration
Fee
Common stock, par value   $0.001 pr share
569,704
(3)
$
9.125
$
5,198,549
$
611.87
(1)
Pursuant to   Rule 416(a), promulgated under the Securities Act of 1933, as amended (the   "Securities Act"), this Registration Statement also covers additional   securities to be offered or sold as a result of any adjustments from stock splits,   stock dividends or similar events.
(2)
This   calculation is made solely for the purpose of determining the  registration fee pursuant to the provision   of Rule 457(h) under the Securities Act in the case of shares of common stock   of BabyUniverse, Inc. par value $0.001 per share ("common  stock") which may be purchased upon the   exercise of options that have not yet been granted and the option price of   which is therefore unknown.  The fee   is calculated on the basis of the average of the high and low price per share   of common stock on the American Stock Exchange as of September 7, 2005.
(3)
Consists of   465,456 shares of common stock issuable under the BabyUniverse 2005 Stock   Incentive Plan and 104,248 shares of common stock issuable pursuant to outstanding   stock options granted outside of the BabyUniverse 2005 Stock Incentive Plan.
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I of this Registration Statement will be sent or given to all persons who participate in the BabyUniverse 2005 Stock Incentive Plan, as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act"). These documents are not required to be filed with the Securities and Exchange Commission (the "Commission") as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
3
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.     Incorporation of Documents by Reference.
We hereby incorporate by reference into this Registration Statement the following documents or portions thereof as indicated which we have filed with Commission:
(a)
our Final   Prospectus dated August 2, 2005, which was filed with the SEC on August 3,   2005 pursuant to Rule 424(b) under the Securities Act;
(b)
our Current   Report on Form 8-K dated August 29, 2005, which was filed with the Commission   on August 31, 2005;
(c)
our   Quarterly Report on Form 10-Q for the quarter end June 30, 2005, which was   filed with the Commission on September 9, 2005;
(d)
the   description of our common stock contained in our Registration Statement on   Form S-1 filed with the Commission on April 27, 2005, including any   amendments or reports filed for the purpose of updating the description.
In addition, all documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), other than information furnished pursuant to Item 9 or Item 12 of Form 8-K, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4.     Description of Securities.
Not applicable.  The class of securities to be offered is registered under Section 12(b) of the Exchange Act.
Item 5.     Interests of Named Experts and Counsel
.
Not applicable.
4
Item 6.     Indemnification of Directors and Officers
.
Our Amended
and Restated Articles of Incorporation provide for the indemnification of
directors and officers.  The general effect of these provisions is to
indemnify to the fullest extent provided, authorized, allowed or not prohibited
by the Florida Business Corporation Act (the "FBCA"), any director or
officer against any liability arising from any action or suit in which he is
involved by the reason of the fact that he is or was a director or
officer.  Advances against expenses may be made and the indemnity coverage
provided thereunder includes liabilities under the federal securities laws as
well as in other contexts.  Generally, the FBCA permits indemnification of
a director of officer upon a determination that he or she acted in good faith
and in a manner he or she reasonably believed to be in, or not opposed to, the
best interest of the corporation and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was
unlawful.
Item 7.     Exemption From Registration Claimed.
Not applicable.
Item 8.     Exhibits.
Exhibit No.
Description of Exhibits
5.1
Opinion of   Akerman Senterfitt regarding the common stock being registered
23.1
Consent of   Independent Certified Public Accountants, Lieberman & Associates, P.A.
23.2
Consent of   Akerman Senterfitt, included in    Exhibit 5.1
24.1
Powers of   attorney executed by certain officers and directors of the Registrant   (included on signature page)
Item 9.         Undertakings.
(a)                The undersigned registrant hereby undertakes:
(1)         To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)          To   include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)         To   reflect in the prospectus any facts or events arising after the effective   date of the Registration Statement (or the most recent post-effective   amendment thereof) which, individually or in the aggregate, represent a fundamental   change in the information set forth in the Registration Statement.   Notwithstanding the foregoing, any increase or decrease in volume of   securities offered (if the total dollar value of securities offered would not   exceed that which was registered) and any deviation from the low or high end   of the estimated maximum offering range may be reflected in the form of   prospectus filed with the Commission pursuant to Rule 424(b) if, in the   aggregate, the changes in volume and price represent no more than a 20%   change in the maximum aggregate offering price set forth in the
"Calculation   of Registration Fee" table in the effective Registration Statement;
(iii)         To   include any material information with respect to the plan of distribution not   previously disclosed in the Registration Statement or any material change to   such information in the Registration Statement;
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
5
(2)          That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)          To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)          The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)          Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Fort Lauderdale, State of Florida on this 15th day of September, 2005.
/s/ John C.   Textor
John C.   Textor
Chief Executive Officer
KNOW ALL BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Jonathan Teaford and Robert Brown as such person's true and lawful attorneys-in-fact, each acting alone, with full powers of substitution and resubstitution, for such person and in such person's name, place and stead, in any and all capacities to sign any or all amendments, including any post-effective amendments, to this Registration Statement, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact or their substitutes, each acting alone, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:
Signature
Title
Date
/s/   John C. Textor
Chief   Executive Officer, Chairman of
September   15, 2005
the   Board (principal executive officer)
John   C. Textor
/s/   Stuart Goffman
Chief   Operating Officer and Director
September   15, 2005
Stuart   Goffman
/s/   Robert Brown
Chief   Financial Officer (principal
September   15, 2005
financial   and accounting officer)
Robert   Brown
/s/   Jonathan Teaford
Executive   Vice President and Director
September   15, 2005
Jonathan   Teaford
/s/   Curtis S. Gimson
Director
September   15, 2005
Curtis   S. Gimson
/s/   Bethel Gottlieb
Director
September   15, 2005
Bethel   Gottlieb
/s/   John Nichols
Director
September   15, 2005
John   Nichols
/s/   Carl Stork
Director
September   15, 2005
Carl   Stork
7
INDEX OF ATTACHED EXHIBITS
Exhibit No.
Description of Exhibits
5.1
Opinion of   Akerman Senterfitt regarding the common stock being registered
23.1
Consent of   Independent Certified Public Accountants, Lieberman & Associates, P.A.
8