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  <P STYLE="font-size: 16pt; margin-top: 0pt; margin-bottom: 0pt; font-weight: bold">Form 10-Q BRAZIL INTERACTIVE MEDIA,
  INC. AND ITS SUBSIDIARY</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt">Filed: May 20, 2013 (period: March 31, 2013) &nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt">Quarterly report with a continuing view of a company's financial position</P>
  
  <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
  
  
  <P STYLE="font: 10pt/125% Times New Roman Bold Italic,serif; margin: 0; text-align: justify">The information contained herein may not be copied, adapted
  or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising
  from any use of this information, except to the extent such damages or losses cannot be limited or excluded by applicable law.
  Past financial performance is no guarantee of future results.</P>
  
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  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;UNITED STATES&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 10-Q</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[X]&nbsp;QUARTERLY
  REPORT PURSUANT TO SECTION 13 OR 15(d)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OF THE SECURITIES ACT OF 1934</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the quarterly period ended March 31, 2013</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OR</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0pt">[
  ]&nbsp;TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OF THE SECURITIES ACT OF 1934</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the transition period from ___________to
  ____________</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number 000-26108</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0pt">BRAZIL INTERACTIVE
  MEDIA,&nbsp;INC. AND ITS SUBSIDIARY</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0pt">&nbsp;(Exact name of small
  business issuer as specified in its charter)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 45%; text-align: center; border-bottom: Black 1pt solid">Delaware</TD>
      <TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="text-align: center; width: 45%; border-bottom: Black 1pt solid">94-2901715</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="text-align: center">(State
      or other jurisdiction of incorporation or organization)</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">&nbsp;(I.R.S.
      Employer Identification No.)</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">801 Brickell Avenue, Suite 900</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Miami, FL 33131</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address, including zip code, of principal
  executive offices)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">305-789-6621</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Issuer&#8217;s telephone number)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27.5pt"></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 19%; text-align: center">[X]</TD>
      <TD STYLE="text-align: center; width: 21%">Yes</TD>
      <TD STYLE="text-align: center; width: 20%">&nbsp;</TD>
      <TD STYLE="text-align: center; width: 20%">[ ]</TD>
      <TD STYLE="text-align: center; width: 20%">No</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
  is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
  of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule
  12b-2 of the Exchange Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 40%; text-align: justify">Large accelerated
      filer </TD>
      <TD STYLE="width: 5%">[ ]</TD>
      <TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="text-align: justify; width: 40%">Accelerated
      filer </TD>
      <TD STYLE="width: 5%">[ ]</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="text-align: justify">Non-accelerated
      filer </TD>
      <TD>[ ]</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">Smaller
      reporting company</TD>
      <TD>[X]</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
  is a shell company (as defined in Rule 12b-2 of the Exchange Act).</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 19%; text-align: center; vertical-align: top">[ ]</TD>
      <TD STYLE="width: 21%; font-size: 10pt; text-align: center">Yes</TD>
      <TD STYLE="width: 20%; font-size: 10pt; text-align: center">&nbsp;</TD>
      <TD STYLE="width: 20%; font-size: 10pt; text-align: center">[X]</TD>
      <TD STYLE="width: 20%; font-size: 10pt; text-align: center">No</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate the number of shares outstanding
  of each of the issuer&#8217;s classes of common stock, as of the latest practicable date: As of May 20, 2013, the issuer had 40,000,000
  shares of common stock issued and outstanding.&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Table of Contents</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">BRAZIL INTERACTIVE
  MEDIA,&nbsp;INC. AND ITS SUBSIDIARY</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="TableofContents" TITLE="Table of Contents"></A>INDEX</P>
  
  
  
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">PART I. </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt; vertical-align: bottom">FINANCIAL INFORMATION</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 10%; text-align: left; padding-bottom: 1pt">Item 1.</TD><TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 78%; text-align: left; padding-bottom: 1pt; padding-left: 0pt; text-indent: 0pt">Consolidated Financial Statements</TD>
      <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">Consolidated Balance Sheets as of March 31, 2013 (Unaudited) and December 31, 2012 (Audited)</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">Consolidated Statements of Operations for the Three months Ended March 31, 2013 and March 31, 2012 (Unaudited)</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">Consolidated Statements of Cash Flows for the Three months Ended March 31, 2013 and March 31,
      2012     (Unaudited)</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Notes to Unaudited Condensed Consolidated Financial Statements</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 2.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 3.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Quantitative and Qualitative Disclosures about Market Risk</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 4.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Controls and Procedures</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">PART II.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">OTHER INFORMATION</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 1.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Legal Proceedings</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 2.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Unregistered Sales of Equity Securities and Use of Proceeds</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 3.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Defaults Upon Senior Securities</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 5.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">Other Information</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Item 6.</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">Exhibits</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">SIGNATURES</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify"><U>Part I. Financial
  Information</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify"><U></U>Item 1. &#9;Financial Statements&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">BRAZIL INTERACTIVE MEDIA, INC. AND SUBSIDIARY</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">CONSOLIDATED BALANCE SHEETS</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">AS OF MARCH 31, 2013 AND DECEMBER 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 11pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0">March
  31, 2013</P>
                                                                                                                                                                                                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">(unaudited)</P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0">December 31,</P> <P STYLE="margin-top: 0; margin-bottom: 0">2012 (audited)</P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Current assets:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 64%; font-size: 10pt; text-align: left; padding-left: 10pt">Cash</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; text-align: right">506,963</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; text-align: right">146,331</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Accounts receivable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">865,119</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">484,982</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Prepayments and advances</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">122,958</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">68,910</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Current Assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,495,040</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">700,223</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Property, Plant and Equipment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Fixed assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">485,360</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">447,619</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Accumulated depreciation</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(22,840</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">FIXED ASSETS - NET</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">462,520</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">447,619</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Other Assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Intangible Assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5,200</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Other Assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5,200</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,962,760</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,147,842</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">LIABILITIES AND STOCKHOLDERS&rsquo; EQUITY</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Current liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Accounts payable and accrued expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">690,048</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">171,497</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Taxes payable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">308,455</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">194,883</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Loan payable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">174,557</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">170,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Advances from third party</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">210,618</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">220,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Current portion of Bank Loans payable</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">13,355</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">22,621</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total current liabilities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,397,033</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">779,001</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Long-term liabilities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Bank loans payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-bottom: 1pt; vertical-align: bottom">1,114</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-bottom: 1pt; vertical-align: bottom">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Tax payable - Longterm</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid; vertical-align: bottom">433,262</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid; vertical-align: bottom">436,355</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Total Long-term liabilities</TD><TD STYLE="font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid; vertical-align: bottom">434,376</TD><TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid; vertical-align: bottom">436,355</TD><TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Liabilities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">1,831,409</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">1,215,356</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Stockholders&rsquo; Equity</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Preferred Stock, Series C preferred, $0.01 par value, 75
      shares authorized,     75     and     -0-     shares     issued and     outstanding,     respectively</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Series G preferred,&nbsp;&nbsp;$0.01 par value, 4,000,000 shares authorized;
      3,970,746 and -0- shares issued and outstanding, respectively</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">39,707</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Series H preferred,&nbsp;&nbsp;$0.01 par value, 30,000 shares authorized; 2,500
      and -0- shares issued and outstanding, respectively</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">25</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Due from shareholder</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5,366</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt">Common stock,&nbsp;&nbsp;$0.00001 par value, 4,980,000,000 shares authorized;
      2,480,038,195 and 2,448,665,750 shares issued and outstanding, respectively</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">24,800</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">100</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Additional paid-in-capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">263,442</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">225,147</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Accumulated other comprehensive income (loss)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">74,042</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(14,015</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Retained earnings</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(270,666</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(273,380</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Stockholder's Equity</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">131,352</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(67,514</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-style: italic; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">TOTAL LIABILITIES AND STOCKHOLDERS&rsquo; EQUITY</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,962,760</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,147,842</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="text-align: left"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt"></P>
  
  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin: 0; text-align: center">The accompanying notes are an integral
  part of these financial statements&nbsp;</P>
  
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  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">BRAZIL INTERACTIVE MEDIA, INC. AND SUBSIDIARY</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">CONSOLIDATED INCOME STATEMENT</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-size: 10pt; text-align: center">FOR THE THREE MONTHS ENDED MARCH 31, 2013 and 2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 11pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; color: red; font-weight: bold; font-style: italic">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; color: red; font-weight: bold; font-style: italic; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">For the three months ended</P>
                                                                                  <P STYLE="margin-top: 0; margin-bottom: 0">March 31, 2013 (unaudited)</P></TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">For the three months ended</P>
                                                                                  <P STYLE="margin-top: 0; margin-bottom: 0">March 31, 2012</P>
                                                                                  <P STYLE="margin-top: 0; margin-bottom: 0">(unaudited)</P></TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; width: 56%">REVENUES</TD><TD STYLE="width: 8%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">2,308,005</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">931,681</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Cost of revenues</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">1,522,326</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">743,041</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Gross Profit</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">785,679</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">188,640</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">OPERATING EXPENSES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Other Taxes</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">77,605</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">40,901</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Subcontractor Expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">413,750</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">16,822</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Rent</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">43,133</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">31,963</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Other General and administrative</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">201,218</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">9,010</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Operating Expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">735,706</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">98,696</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Operating Income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">49,973</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">89,944</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">Other comprehensive Income (Expense)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Interest Income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">185</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Interest Expense</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(12,688</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(1,141</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Total Other Income (Expense)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(12,503</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(1,141</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Income before Income Taxes</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">37,470</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">88,803</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Provision for Income Taxes</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">33,913</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">98,308</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">NET INCOME (LOSS)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">3,557</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">(9,505</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left">Other comprehensive income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Foreign currency translation adjustment</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">88,057</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">18,179</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">Comprehensive income</TD><TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 2.5pt double">91,614</TD><TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 2.5pt double">8,674</TD><TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 27.5pt"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin: 0; text-align: center">The accompanying notes are an integral
  part of these financial statements</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt"></P>
  
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">BRAZIL INTERACTIVE MEDIA, INC. AND ITS SUBSIDIARY</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">CONSOLIDATED STATEMENTS OF CASH FLOWS</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">FOR THE THREE MONTHS ENDED MARCH 31, 2013 AND 2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">For the three months ended March 31,&nbsp;2013</P>
                                                                                  <P STYLE="margin-top: 0; margin-bottom: 0">(unaudited)</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">For the three months ended March 31,&nbsp;2012</P>
                                                                                  <P STYLE="margin-top: 0; margin-bottom: 0">(unaudited)</P></TD><TD STYLE="text-align: left"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Cash&nbsp;flows&nbsp;from&nbsp;operating&nbsp;activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 56%; text-align: left">Net income (loss)</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">3,557</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">(9,505</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Depreciation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,840</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Effects of Capitalization of Preferred and Common Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108,094</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Accounts receivable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(380,137</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">159,358</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Other receivable- related party</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Prepayments and advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(54,048</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(593,362</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Intangible Assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,200</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Accounts payable and accrued expenses</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">518,551</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89,711</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Other payable to related party</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,606</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Taxes payables</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">113,572</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">140,410</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Net cash provided by (used in) operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">327,229</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(189,782</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Cash flows from investing activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Purchase of equipment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(37,741</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(3,894</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Net cash (used in) investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(37,741</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(3,894</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Cash flows from financing activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Proceeds from&nbsp;&nbsp;bank loan payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,114</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,831</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Principal repayments of bank loan payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,266</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(21,467</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Principal repayments of Tax installments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">(3,092</TD><TD STYLE="text-align: left; padding-bottom: 1pt">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">0</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Net cash provided by financing activities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,244</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,636</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Foreign currency translation adjustment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">82,388</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">7,772</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Increase (decrease) in cash and cash equivalents</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">360,632</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(191,540</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Cash and cash equivalents at beginning of year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">146,331</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">193,255</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents at end of year</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">506,963</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">1,715</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Cash paid for:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Income tax</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Interest</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,141</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt"></P>
  
  <P STYLE="color: #0040F0; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="margin: 0; font-size: 10pt; text-align: center; text-indent: 0pt">&nbsp;The accompanying
  notes are an integral part of these financial statements</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">BRAZIL INTERACTIVE MEDIA,&nbsp;INC. AND SUBSIDIARY</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Note 1 - Organization, Business &amp; Operations</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Brazil Interactive Media, Inc., a Delaware
  corporation formed on September 24, 2001 under the name of Naturewell, Incorporated, is a public company quoted on the Over-the-Counter
  &quot;Pink Sheets&quot; under the symbol &quot;NAWL.&quot; The Company was formerly engaged in the research and development of
  healthcare products intended for a variety of conditions. On May 9, 2008, the Company completed the sale of essentially all of
  its assets. As a result of the sale of its assets, the Company became a shell company as defined under Rule 12b-2 of the Exchange
  Act.</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">BIMI, Inc., a corporation organized under
  the laws of Delaware on September 11, 2012 under the name of Brazil Interactive Media, Inc., is the parent of Brazil Interactive
  Media Participa&ccedil;&otilde;es, Ltda., a Brazilian holding company, which through its wholly-owned subsidiary EsoTV Brasil
  Promo&ccedil;&atilde;o Publicidade Licenciamento e Com&eacute;rcio Ltda. (&#8220;EsoTV&#8221;), combines live television broadcasts
  with a telecommunications component to create live, interactive television programming for the Brazilian viewing public. Brazil
  Interactive Media, Brazil Interactive Media Participa&ccedil;&otilde;es, Ltda. and EsoTV shall be collectively referred to herein
  as &#8220;Brazil Interactive Media&#8221;. Brazil Interactive Media&#8217;s Brazilian subsidiary, EsoTV, was founded and commenced
  operations in 2008. There is no relationship whatsoever between the Company nor any of its subsidiaries with the website US.Eso.TV.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">On March 13, 2013, the Company entered into
  an Agreement and Plan of Merger (the &#8220;Merger Agreement&#8221;), by which Naturewell, Incorporated became the ultimate parent
  company of Brazil Interactive Media, Inc. With the effectiveness of the merger, Brazil Interactive Media, Inc. changed its name
  to &#8220;BIMI, Inc.&#8221; On May 16, 2013, pursuant to the Merger Agreement, the Company filed a certificate of amendment (the
  &#8220;Amendment&#8221;) with the state of Delaware, changing the name of the Company to Brazil Interactive Media, Inc., effecting
  a reverse merger at a ratio of 8,484 to one, and decreasing the Company&#8217;s authorized capital from 5,000,000,000 shares of
  common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par value $0.01, to 100,000,000 shares of common stock,
  par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Subsequent to the merger, the former Brazil
  Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding Common Stock of the Company and the
  remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied for a new stock symbol that more appropriately
  reflects the new name of the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">As of March 13, 2013, the Company, through
  its wholly-owned subsidiary, Brazil Interactive Media, commenced the business of producing live TV shows with an interactive telephone
  calling component using its own unique and proprietary programs that include quiz shows, games, psychics and live chat formats.
  The Company&#8217;s program content reaches the nationwide Brazilian television audience via an in-studio satellite signal uplink
  to a variety of Brazilian TV broadcast networks.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">At its facilities in S&atilde;o Paulo, Brazil,
  the Company operates two modern television studios, producing and transmitting via satellite live television content to TV stations
  throughout Brazil. Although the Company currently broadcasts throughout Brazil, and has no plans at this time to broadcast to
  countries outside of Brazil, the Company has the capacity to broadcast the same signal throughout Latin America. Through the negotiation
  and purchase of block television time for strategic times and networks, the Company is able to distribute its content directly
  to its target audience throughout Brazil. Brazil Interactive Media currently leases two satellite uplinks and produces three daily
  live shows, providing 13 hours of live television program content daily. Brazilian television viewers participate in the shows
  in real time via telephone, calling into the Company&#8217;s voice system to participate in the show formats, which, depending
  on the particular show, could include the chance to respond to a question live on the air, or participate in a presenter&#8217;s
  conversation with other audience members. Audience participants calling in dial telephone numbers belonging to the Company&#8217;s
  telecommunications partners. The Company&#8217;s Brazilian telecommunications partners charge audience participants various per-minute
  rates for the incoming calls and share a portion of the revenue with the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The Company currently broadcasts its programs
  on four Brazilian television channels: MixTV, VTV, Rede Brazil and Terra Viva. The programs may be seen those channels in the
  daytime slot, from 11 am until 2 pm, and in the early morning slot, from 12 am until 3 am. Programming channels and time slots
  vary from time to time as the Company negotiates block media times in advance and introduces new programs periodically in order
  to best reach its target audience. The Company&#8217;s target audience is members of the Brazilian television viewing public who
  use cellular telephones. Due to the Company&#8217;s business model, where income flows from third-party telecommunications providers
  who bill the Company&#8217;s customers directly, the Company does not have access to comprehensive or detailed information regarding
  the Company&#8217;s customers. However, based on experience of monitoring financial results of the Company&#8217;s television
  programs, the Company attempts to design its programs to appeal to male and female television viewers of all social classes and
  primarily middle class economic means between the ages of 18 and 50.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The Company is currently substantially dependent
  upon business with two Brazilian telecommunications partners, Brasil Telecom (operating in Brasil under the brand name &#8220;Oi&#8221;)
  and IP Corp. It is not known what portion of those companies&#8217; revenue comes to the Company, and the Company receives 100%
  of the Company&#8217;s income from these continuing contracts, by which the Company monetizes the sale of the major part of its
  services to the public. &nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Note 2 - Summary of Significant Accounting Policies</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">This summary of significant accounting policies
  of Brazil Interactive Media, Inc. is presented to assist in understanding the Company&#8217;s financial statements. The financial
  statements and notes are representations of the Company&#8217;s management, who are responsible for their integrity and objectivity.
  These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation
  of the financial statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Basis of Presentation</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The accompanying consolidated financial statements
  of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America
  (U.S. GAAP) under the accrual basis of accounting.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Interim financial statements</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial
  statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;)
  and should be read in conjunction with the Company&#8217;s audited financial statements and footnotes thereto for the year ended
  December 31, 2012, included in the Company&#8217;s Form 10-K filed for the year ended December 31, 2012. Certain information and
  footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted
  in the United States of America have been omitted pursuant to such rules and regulations. However, the Company believes that the
  disclosures are adequate to make the information presented not misleading. The financial statements reflect all adjustments (consisting
  primarily of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company&#8217;s
  financial position and results of operations. The operating results for the three months ended March 31, 2013 are not necessarily
  indicative of the results to be expected for any other interim period of a future year.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principles of Consolidation</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The accompanying consolidated
  financial statements include the accounts of Brazil Interactive Media, Inc. and its wholly owned subsidiary EsoTV Brasil Promo&ccedil;&atilde;o
  Publicidade Licenciamento e Com&eacute;rcio Ltda. (&#8220;EsoTV&#8221;) (collectively the &#8220;Company&#8221;). All significant
  inter-company accounts and transactions have been eliminated in consolidation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Reclassifications</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Certain items in the prior year financial
  statements have been reclassified for comparative purposes to conform to the presentation in the current period&#8217;s presentation.
  These reclassifications have no effect on the previously reported income (loss).</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Use of Estimates</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing consolidated financial statements
  in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions
  that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of
  the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting periods.
  These accounts and estimates include, but are not limited to, the valuation of accounts receivables, inventories, income taxes
  and the estimation on useful lives of property, plant and equipment. Actual results could differ from these estimates.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Generally Accepted Accounting Principles (&#8220;GAAP&#8221;)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These consolidated financial statements have
  been prepared in accordance with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;). Such
  accounting principles differ in certain respects from accounting principles generally accepted in Brazil (&#8220;Brazilian GAAP&#8221;),
  which is applied by the Company for its annual consolidated financial statement preparation. Unless otherwise specified, all references
  in these financial statements to (i) &#8220;reais,&#8221; the &#8220;real&#8221; or &#8220;R$&#8221; are to the Brazilian real
  (singular), or to the Brazilian reais (plural), the legal currency of Brazil, and (ii) &#8220;U.S. dollars&#8221; or &#8220;$&#8221;
  are to United States dollars.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Basis of Consolidation</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include
  the financial statements of the Company and its subsidiary.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All significant inter-company balances and
  transactions within the Company and subsidiary have been eliminated upon consolidation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Accounting Method</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&#9;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s financial statements are prepared using the
  accrual method of accounting. The Company has elected a December 31 year-end.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Cash and cash equivalents</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents are carried at cost
  and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments
  with an original maturity of three months or less as of the purchase date of such investments.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Concentration of Credit Risk</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable are recorded at the invoiced amount and do
  not bear interest. The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the
  associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established
  and determined based on managements&#8217; assessment of known requirements, aging of receivables, payment history, the customer&#8217;s
  current credit worthiness and the economic environment. As of March 31, 2013 and 2012, the Company did not record an allowance
  for uncollectible accounts.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Use of Estimates</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&#9;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with generally
  accepted accounting principles 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. Estimates also affect
  that reported amounts of revenues and expenses during the reporting period. Actual events and results could differ from those
  assumptions and estimates.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fixed Assets - net</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets are stated at cost less accumulated
  depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following
  expected useful lives from the date on which they become fully operational and after taking into account their estimated residual
  values:&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 12pt; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">Depreciable life</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">Residual value</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 28%; text-align: center">Machinery and Equipment</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 28%; text-align: center">5 years</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; text-align: right">5</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: center">Furniture and fixture</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">7 years</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5</TD><TD STYLE="text-align: left">%</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Expenditures for maintenance
  and repairs that do not make the fixed asset more useful or prolong its useful life are expensed as incurred.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Fair Value for Financial Assets and Financial Liabilities</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows paragraph 825-10-50-10
  of the FASB Accounting Standards Codification (&#8220;ASC&#8221;) for disclosures about fair value of its financial instruments
  and paragraph 820-10-35-37 of the FASB ASC (&#8220;Paragraph 820-10-35-37&#8221;) to measure the fair value of its financial instruments.
  Paragraph 820-10-35-37 establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value
  measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37
  establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three
  broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical
  assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph
  820-10-35-37 are described below:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 8%; font-family: Times New Roman, Times, Serif; text-align: justify">Level 1</TD>
      <TD STYLE="width: 92%; font-family: Times New Roman, Times, Serif; text-align: justify">Quoted market prices available in
      active markets for identical assets or liabilities as of the reporting date.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Level 2</TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Pricing inputs other than quoted prices in active
      markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Level 3</TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Pricing inputs that are generally observable inputs
      and not corroborated by market data.</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The carrying amounts of the Company&#8217;s
  financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity
  of these instruments.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">The Company does not have any assets or liabilities
  measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments
  for assets and liabilities measured at fair value at March 31, 2013 and December 31, 2012 nor gains or losses are reported in
  the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities
  still held at the reporting date for the for the years ended March 31, 2013 and December 31, 2012, respectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Revenue Recognition</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with guidance by paragraph 605-10-S99-1
  of the FASB ASC for revenue recognition, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer
  of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably
  assured.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company produces live TV shows including
  quiz shows, games, psychics and live chat formats, which are transmitted via satellite to the Company&#8217;s television broadcaster
  distribution channels. The Company currently leases two satellite uplinks and produces three daily live shows, providing 13 hours
  of live television program content daily. Members of the television audiences participate in in the shows in real time via telephone,
  calling into the Company&#8217;s voice system to participate in the show formats, dialing telephone numbers belonging to the Company&#8217;s
  telecommunications partners. The Company&#8217;s Brazilian telecommunications partners charge audience participants various per-minute
  rates for the incoming calls and share a portion of the revenue with the Company. &nbsp;Revenue is recognized by the Company when
  the minutes of calls from audiences are determined by the local telecommunications providers.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <!-- Field: Page; Sequence: 11 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Cost of Revenues</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of revenues consists primarily of media
  cost, leasing expenses related to satellite uplinks and other costs directly attributable to the provision of services.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Income Taxes</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Lucida Grande; margin: 0; text-align: justify">Income taxes are determined in accordance with Accounting
  Standards Codification Topic 740, &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). Under this method, deferred tax assets and
  liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying
  amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using
  enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to
  be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in
  the period that includes the enactment date.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740 prescribes a comprehensive model for
  how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or
  expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when
  it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially
  and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon
  ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company conducts its primary business
  in Brazil and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that
  are subject to examination by the foreign tax authority. As of March 31, 2013 and December 31, 2012, the Company had outstanding
  income taxes due with the tax authority in Brazil in the amounts of $741,717 and $631,238, respectively. A portion of the income
  tax due for 2012, or $433,262, will be paid over time pursuant to an installment plan entered into by the Company and the tax
  authority in Brazil.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Earnings per share</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports earnings (loss) per share
  in accordance with FASB Accounting Standards Codification 260 &#8220;Earnings per Share&#8221; (&#8220;ASC 260&#8221;). This statement
  requires dual presentation of basic and diluted earnings (loss) with a reconciliation of the numerator and denominator of the
  earnings (loss) per share computations. Basic earnings per share amounts are based on the weighted average shares of common outstanding.
  If applicable, diluted earnings per share assume the conversion, exercise or issuance of all common stock instruments such as
  options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Accordingly,
  this presentation has been adopted for the periods presented. There were no adjustments required to net income for the periods
  presented in the computation of diluted earnings per share. There were no common stock equivalents (CSE) necessary for the computation
  of diluted earnings per share.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Comprehensive income</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted FASB Accounting Standards
  Codification 220 &#8220;Comprehensive Income&#8221; (ASC &#8220;220&#8221;) which establishes standards for reporting and display
  of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity
  during the year from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated
  balance sheets consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is
  not included in the computation of income tax expense or benefit.&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Foreign currency translation</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The functional currency of the Company is
  the Brazilian Real. The Company maintains its consolidated financial statements in the functional currency. Monetary assets and
  liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates
  of exchange prevailing at the balance sheet date. Transactions denominated in currencies other than the functional currency are
  translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses
  arising from foreign currency transactions are included in the determination of net income for the respective periods.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For financial reporting purposes, the consolidated financial
  statements of the Company, which are prepared using the functional currency, have been translated into United States dollars.
  Current assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated
  at the average exchange rates of the year while fixed assets and stockholders&#8217; equity is translated at historical exchange
  rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment
  to other comprehensive income, a component of stockholders&#8217; equity. The exchange rates in effect as of March 31, 2013 and
  2012 were US$1 for R$2.02 and R$1.82, respectively. The average exchange rates for the 3 months ended March 31, 2013 and 2012
  were US$1 for R$1.98 and R$1.78, respectively. There is no significant fluctuation in exchange rate for the conversion of Brazilian
  Real to US dollars after the balance sheet date.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Off-balance sheet arrangements</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any off-balance
          sheet arrangements.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Related Parties</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 850-10
          of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party
          transactions.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Section 850-10-20 the
          Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would
          be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825&#8211;10&#8211;15,
          to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension
          and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company;
          e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly
          influence the management or operating policies of the other to an extent that one of the transacting parties might be
          prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management
          or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties
          and can significantly influence the other to an extent that one or more of the transacting parties might be prevented
          from fully pursuing its own separate interests.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements shall include
          disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other
          similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation
          of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a.
          the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts
          or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information
          deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts
          of transactions for each of the periods for which income statements are presented and the effects of any change in the
          method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties
          as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Commitment and Contingencies</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 450-20
  of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date
  the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when
  one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently
  involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company
  or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings
  or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the assessment of a contingency indicates
  that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated
  liability would be accrued in the Company&#8217;s financial statements. If the assessment indicates that a potentially material
  loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent
  liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Loss contingencies
          considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.
          Management does not believe, based upon information available at this time that these matters will have a material adverse
          effect on the Company&#8217;s consolidated financial position, consolidated results of operations or consolidated cash
          flows. However, there is no assurance that such matters will not materially and adversely affect the Company&#8217;s business,
          consolidated financial position, and consolidated results of operations or consolidated cash flows.</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Uncertain Tax Positions</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company
          did not take any uncertain tax positions and had no adjustments to unrecognized income tax liabilities or benefits pursuant
          to the provisions of Section 740-10-25 for the three months ended March 31, 2013 or 2012.</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsequent Events</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluated for subsequent events
  through the issuance date of the Company&#8217;s financial statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Recently issued accounting standards</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reviewed all recently issued,
  but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected
  to cause a material impact on its consolidated financial condition or the consolidated results of its operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2011, FASB issued Accounting Standards
  Update No.&nbsp;2011-04, &#8220;Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure
  Requirements in U.S.&nbsp;GAAP and IFRSs&#8221; (&#8220;ASU 2011-04&#8221;).&nbsp;&nbsp;ASU 2011-04 changes the wording used to
  describe many of the requirements in U.S.&nbsp;GAAP for measuring fair value and for disclosing information about fair value measurements
  to ensure consistency between U.S.&nbsp;GAAP and IFRS. ASU 2011-04 also expands the disclosures for fair value measurements that
  are estimated using significant unobservable (Level&nbsp;3)&nbsp;inputs. This new guidance is to be applied prospectively.&nbsp;&nbsp;The
  Company anticipates that the adoption of this standard will not materially expand its financial statement note disclosures.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June&nbsp;2011, FASB issued ASU No.&nbsp;2011-05,
  &#8220;Comprehensive Income (ASC Topic 220): Presentation of Comprehensive Income&#8221; (&#8220;ASU 2011-05&#8221;), which amends
  current comprehensive income guidance.&nbsp; This accounting update eliminates the option to present the components of other comprehensive
  income as part of the statement of shareholders&#8217; equity.&nbsp; Instead, the Company must report comprehensive income in
  either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income,
  or in two separate but consecutive statements.&nbsp;&nbsp;ASU 2011-05 will be effective for public companies during the interim
  and annual periods beginning after December&nbsp;15, 2011, with early adoption permitted.&nbsp;&nbsp;The Company is reviewing
  ASU 2011-05 to ascertain its impact on the Company&#8217;s financial position, results of operations or cash flows as it only
  requires a change in the format of the current presentation.&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In September 2011, the FASB issued ASU
  2011-08, &#8220;Testing Goodwill for Impairment&#8221;, which allows, but does not require, an entity when performing its annual
  goodwill impairment test the option to first do an initial assessment of qualitative factors to determine whether it is more likely
  than not that the fair value of a reporting unit is less than its carrying amount for purposes of determining whether it is even
  necessary to perform the first step of the two-step goodwill impairment test. Accordingly, based on the option created in ASU
  2011-08, the calculation of a reporting unit&#8217;s fair value is not required unless, as a result of the qualitative assessment,
  it is more likely than not that fair value of the reporting unit is less than its carrying amount. If it is less, the quantitative
  impairment test is then required. ASU 2011-08 also provides for new qualitative indicators to replace those currently used. Prior
  to ASU 2011-08, entities were required to test goodwill for impairment on at least an annual basis, by first comparing the fair
  value of a reporting unit with its carrying amount. If the fair value of a reporting unit is less than its carrying amount, then
  the second step of the test is performed to measure the amount of impairment loss, if any. ASU 2011-08 is effective for annual
  and interim goodwill impairment tests performed for fiscal years beginning after December&nbsp;15, 2011, with early adoption permitted.
  The Company adopted ASU 2011-08 during the first quarter of fiscal 2013. The adoption of ASU 2011-08 did not impact the Company&#8217;s
  results of operations or financial condition.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2011, FASB issued Accounting
  Standards Update 2011-11, &#8220;Balance Sheet - Disclosures about Offsetting Assets and Liabilities&#8221; to enhance disclosure
  requirements relating to the offsetting of assets and liabilities on an entity's balance sheet. The update requires enhanced disclosures
  regarding assets and liabilities that are presented net or gross in the statement of financial position when the right of offset
  exists, or that are subject to an enforceable master netting arrangement. The new disclosure requirements relating to this update
  are retrospective and effective for annual and interim periods beginning on or after January 1, 2013. The update only requires
  additional disclosures, as such, the Company does not expect that the adoption of this standard will have a material impact on
  its results of operations, cash flows or financial condition.</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2012, the FASB issued ASU No.&nbsp;2012-02,
  &#8220;Testing Indefinite-Lived Intangible Assets for Impairment&#8221;. The guidance allows companies to perform a &#8220;qualitative&#8221;
  assessment to determine whether further impairment testing of indefinite-lived intangible assets is necessary, similar in approach
  to the goodwill impairment test.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASU 2012-02 allows companies the option
  to first assess qualitatively whether it is more likely than not that an indefinite-lived intangible asset is impaired, before
  determining whether it is necessary to perform the quantitative impairment test. An entity is not required to calculate the fair
  value of an indefinite-lived intangible asset and perform the quantitative impairment test unless the entity determines that it
  is more likely than not that the asset is impaired. Companies can choose to perform the qualitative assessment on none, some,
  or all of its indefinite-lived intangible assets or choose to only perform the quantitative impairment test for any indefinite-lived
  intangible in any period.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASU 2012-02 is effective for annual and
  interim impairment tests performed for fiscal years beginning after September&nbsp;15, 2012, with early adoption permitted. The
  Company is in the process of evaluating the guidance and the impact ASU 2012-02 will have on its consolidated financial statements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3 ACCOUNTS RECEIVABLE</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable was comprised of the following amounts as of
  March 31, 2013 and December 31, 2012:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 12pt; text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">2013</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 12pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 56%; text-align: justify; padding-left: 4.5pt">Gross trade accounts receivable from customers</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">865,119</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">484,982</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 4.5pt">Allowance for doubtful customer accounts</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 4.5pt">Accounts receivable, net</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">865,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">484,982</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no bad debt expenses recognized
  during the quarters ended March 31, 2013 and 2012 in the accompanying consolidated income statements.&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 4&#9;FIXED
  ASSETS</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets were comprised of the following as of March 31, 2013
  and December 31, 2012:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">2013</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: justify">Cost:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; font-size: 10pt; text-align: justify">Machinery and equipment</TD><TD STYLE="width: 8%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">479,354</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; font-size: 10pt">&nbsp;</TD>
      <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">439,560</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Furniture and fixtures</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,006</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">8,059</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: justify">Total cost</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">485,360</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">447,619</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Less: Accumulated depreciation</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(22,840</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Property and equipment, net</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">462,520</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">447,619</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation expense recorded for the quarters
  ended March 31, 2013 and March 2012 were $23,124 and $0, respectively, for fixed assets placed in service for depreciation purpose.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s fixed assets are pledged
  as collateral in the event of default on the note payable. See note 7.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5&#9;BANK
  LOANS PAYABLE</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has an unsecured loan with HSBC
  at interest rates ranging from 1.08% to 6% per month. The balance of this loan was $14,469 as of March 31, 2013 and $22,621 as
  of December 31, 2012, respectively. Accordingly, the Company recorded interest expense of $2,086 and $1,141 during the three
  months ended March 31, 2013 and 2012, respectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 6&#9;TAX
  INSTALLMENTS PAYABLE</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2012, an installment plan was entered into
  by the Company and the tax authority in Brazil, pursuant to which the following taxes will be paid over time. As of March 31,
  2013, the outstanding balance on the tax installments payable was $433,262.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
      <TD STYLE="width: 75%; padding-bottom: 10pt; font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="line-height: 115%"><U>Type
      of tax</U></FONT></TD>
      <TD STYLE="width: 25%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Balance as of</P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>March 31, 2012</U></P></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
      <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Cofins Payable - Tax on Service</TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108,006</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">PIS Withheld Payable &#8211; Tax on Services</TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right">20,852</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Social Contribution Payable &#8211; Social Security
      Tax</TD>
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: right">83,642</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Income Tax Payable</TD>
      <TD STYLE="border-bottom: black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">220,762</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
      <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">Total</TD>
      <TD STYLE="border-bottom: black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433,262</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 7&#9;NOTE PAYABLE</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 78.45pt; text-align: justify; text-indent: -78.45pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company has a loan payable bearing monthly
  interest of 2% as of March 31, 2013. The balance of this loan was $174,557 as of March 31, 2013 and is secured by the Company&#8217;s
  fixed assets with a net book value of $462,520. The effect of accrued interest for the quarters ended March 31, 2013 and March
  31, 2012 are $10,601 and $0, respectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.65pt; text-align: justify; text-indent: -4.65pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Principal maturities of
  the loan payable as of March 31, 2013 are as follows:</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="3" STYLE="font-size: 12pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 43%; text-align: right">2013</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 43%; border-bottom: Black 1pt solid; text-align: right">174,557</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">Total</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">174,557</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <!-- Field: Page; Sequence: 16 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE
  8&#9;CAPITAL STRUCTURE</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Series C Convertible Preferred Stock</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 75 shares of Series C Convertible
  Preferred Stock, $0.01 par value. As of March 31, 2013, there were 75 shares issued and outstanding. As of May 14, 2013, there
  are no shares issued and outstanding.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Series G Convertible Preferred Stock</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 4,000,000  shares of Series
  G Convertible Preferred Stock, $0.01 par value. As of March 31, 2013, there were 3,970,746 shares issued and outstanding. As of
  May 20, 2013, there are no shares issued and outstanding.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Series H Convertible Preferred Stock</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 30,000 shares of Series H Convertible
  Preferred Stock, $0.01 par value. As of March 31, 2013, there were 2,500 shares issued and outstanding.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Common Stock</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2013, the Company was authorized
  to issue 4,980,000,000  shares of common stock, $0.00001 par value. As of March 31, 2013, there were 2,480,038,195 shares issued
  and outstanding. As of May 16, 2013, the Company is authorized to issue 100,000,000 shares of common stock, $.00001 par value.
  As of May 20, 2013, there are 40,000,000 shares issued and outstanding.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE
  11&#9;COMMITMENT AND CONTINGENCIES</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Office Leasing</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company leases its office space under
  non-cancelable operating lease agreements.&nbsp;&nbsp;The lease ends in December 2015. Based on the current rental lease agreement,
  the future 3 years minimum rental payments required as of March 31 are as follows:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="3" STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Lease payment</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 43%; text-align: right"><FONT STYLE="line-height: 115%">Year ended, December 31, 2013</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 43%; text-align: right">119,766</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">123,359</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2015</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">127,060</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="line-height: 115%">Total</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">370,185</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The two satellite uplink leases are on a month
  to month basis with no future operating lease commitments.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the quarters ended March 31, 2013 and
  2012, the Company had rental expenses of $43,133 and $31,963, respectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had no contingencies existing
  as of March 31, 2013 and 2012.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 12&#9;CONCENTRATION AND RISK</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Major Customers</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had one customer from which the
  Company generated 79% and 100% revenues during the quarters ended March 31, 2013 and 2012, respectively.&nbsp;</P>
  
  <!-- Field: Page; Sequence: 17 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Credit risk</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject
  the Company to significant concentrations of credit risk consist principally of cash and trade accounts receivable. The Company
  performs ongoing credit evaluations of its customers' financial condition, but does not require collateral to support such receivables.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2013 and December 31, 2012,
  substantially all of the Company&#8217;s cash and cash equivalents were held by financial institutions located in Brazil, which
  the Company&#8217;s management believes are of high credit quality.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operations are carried
  out in Brazil. Accordingly, the Company&#8217;s business, financial condition and results of operations may be influenced by the
  political, economic and legal environment in Brazil and by the general state of the local economy. The Company&#8217;s operations
  in Brazil are subject to specific considerations and significant risks not typically associated with companies in North America
  and Western Europe. The Company&#8217;s results may be affected by changes in governmental policies with respect to laws and regulations,
  anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, the Company
  is subject to risks common to companies in its industry, including, but not limited to, litigation, development of new technological
  innovations and dependence on key personnel.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 13&#9;SEGMENTS</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company determined that it do not operate
  in any material, separately reportable operating segments as of March 31, 2013 and December 31, 2012.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 14&#9;SUBSEQUENT
  EVENTS</P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 78.45pt; text-align: justify; text-indent: -78.45pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC Topic 855-10, the Company
  has analyzed its operations subsequent to March 31, 2013 to the date these consolidated financial statements were issued. In addition
  to the transactions disclosed below, the Company does not have other material subsequent events to disclose in these financial
  statements, except as follows:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 16, 2013, pursuant to the Merger Agreement,
  the Company filed a certificate of amendment (the &#8220;Amendment&#8221;) with the state of Delaware, changing the name of the
  Company to Brazil Interactive Media, Inc., effecting a reverse merger at a ratio of 8,484 to one, and decreasing the Company&#8217;s
  authorized capital from 5,000,000,000 shares of common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par
  value $0.01, to 100,000,000 shares of common stock, par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with the Merger Agreement, all
  shares of Series C Convertible Preferred Stock and all shares of Series E Convertible Preferred Stock were converted to Common
  Stock prior to the reverse split effective date the date of the filing of the Amendment on May 16, 2013, and all shares of issued
  and outstanding Series G Convertible Preferred Stock were automatically converted to Common Stock on May 20, 2013, two business
  days after the Amendment effective date of May 16, 2013. As a result, the total issued and outstanding Common Stock of the Company
  as of May 20, 2013 is 40,000,000 shares. Total issued and outstanding preferred stock consists of 2,500 shares of Series H Convertible
  Preferred Stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsequent to the merger and associated events
  as described above, the former Brazil Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding
  Common Stock of the Company and the remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied
  for a new stock symbol that more appropriately reflects the new name of the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <!-- Field: Page; Sequence: 18 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 2. Management&#8217;s Discussion and Analysis of Financial
  Condition and Results of Operations</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Forward-looking Statements</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Statements in this report may be &quot;forward-looking
  statements.&quot; Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs,
  expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions.
  These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions
  made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions
  that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed
  or forecasted in the forward-looking statements due to numerous factors, including those described above and those risks discussed
  from time to time in this report, including the risks described under &quot;Risk Factors&quot; in our Form 8-K filed March 21,
  2013 and any risks described in any other filings we make with the SEC. Any forward-looking statements speak only as of the date
  on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances
  after the date of this report.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our discussion and analysis of our
  financial condition and results of operations are based upon our financial statements, which have been prepared in accordance
  with accounting principles generally accepted in the United States. The preparation of these financial statements requires us
  to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an
  on-going basis, we evaluate these estimates, including those related to useful lives of real estate assets, cost
  reimbursement income, bad debts, impairment, net lease intangibles, contingencies and litigation. We base our estimates on
  historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the
  results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily
  apparent from other sources. There can be no assurance that actual results will not differ from those estimates.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Corporate History of Brazil Interactive Media</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Brazil Interactive Media, Inc., a Delaware
  corporation formed on September 24, 2001 under the name of Naturewell, Incorporated, is a public company quoted on the Over-the-Counter
  &quot;Pink Sheets&quot; under the symbol &quot;NAWL.&quot; The Company was formerly engaged in the research and development of
  healthcare products intended for a variety of conditions. On May 9, 2008, the Company completed the sale of essentially all of
  its assets. As a result of the sale of its assets, the Company became a shell company as defined under Rule 12b-2 of the Exchange
  Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">BIMI, Inc., a corporation organized under
  the laws of Delaware on September 11, 2012 under the name of Brazil Interactive Media, Inc., is the parent of Brazil Interactive
  Media Participa&ccedil;&otilde;es, Ltda., a Brazilian holding company, which through its wholly-owned subsidiary EsoTV Brasil
  Promo&ccedil;&atilde;o Publicidade Licenciamento e Com&eacute;rcio Ltda. (&#8220;EsoTV&#8221;), combines live television broadcasts
  with a telecommunications component to create live, interactive television programming for the Brazilian viewing public. Brazil
  Interactive Media, Brazil Interactive Media Participa&ccedil;&otilde;es, Ltda. and EsoTV shall be collectively referred to herein
  as &#8220;Brazil Interactive Media&#8221;. Brazil Interactive Media&#8217;s Brazilian subsidiary, EsoTV, was founded and commenced
  operations in 2008. There is no relationship whatsoever between the Company nor any of its subsidiaries with the website US.Eso.TV.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 13, 2013, the Company entered into
  an Agreement and Plan of Merger (the &#8220;Merger Agreement&#8221;), by which Naturewell, Incorporated became the ultimate parent
  company of Brazil Interactive Media, Inc. With the effectiveness of the merger, Brazil Interactive Media, Inc. changed its name
  to &#8220;BIMI, Inc.&#8221; On May 16, 2013, pursuant to the Merger Agreement, the Company filed a certificate of amendment (the
  &#8220;Amendment&#8221;) with the state of Delaware, changing the name of the Company to Brazil Interactive Media, Inc., effecting
  a reverse merger at a ratio of 8,484 to one, and decreasing the Company&#8217;s authorized capital from 5,000,000,000 shares of
  common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par value $0.01, to 100,000,000 shares of common stock,
  par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsequent to the merger, the former Brazil
  Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding Common Stock of the Company and the
  remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied for a new stock symbol that more appropriately
  reflects the new name of the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Current Business of our Company</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 13, 2013, the Company, through
  its wholly-owned subsidiary, Brazil Interactive Media, commenced the business of producing live TV shows with an interactive telephone
  calling component using its own unique and proprietary programs that include quiz shows, games, psychics and live chat formats.
  The Company&#8217;s program content reaches the nationwide Brazilian television audience via an in-studio satellite signal uplink
  to a variety of Brazilian TV broadcast networks.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At its facilities in S&atilde;o Paulo,
  Brazil, the Company operates two modern television studios, producing and transmitting via satellite live television content
  to TV stations throughout Brazil. Although the Company currently broadcasts throughout Brazil, and has no plans at this time
  to broadcast to countries outside of Brazil, the Company has the capacity to broadcast the same signal throughout Latin
  America. Through the negotiation and purchase of block television time for strategic times and networks, the Company is able
  to distribute its content directly to its target audience throughout Brazil. Brazil Interactive Media currently leases two
  satellite uplinks and produces three daily live shows, providing 13 hours of live television program content daily. Brazilian
  television viewers participate in the shows in real time via telephone, calling into the Company&#8217;s voice system to
  participate in the show formats, which, depending on the particular show, could include the chance to respond to a question
  live on the air, or participate in a presenter&#8217;s conversation with other audience members. Audience participants
  calling in dial telephone numbers belonging to the Company&#8217;s telecommunications partners. The Company&#8217;s Brazilian
  telecommunications partners charge audience participants various per-minute rates for the incoming calls and share a portion
  of the revenue with the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently broadcasts its programs
  on four Brazilian television channels: MixTV, VTV, Rede Brazil and Terra Viva. The programs may be seen those channels in the
  daytime slot, from 11 am until 2 pm, and in the early morning slot, from 12 am until 3 am. Programming channels and time slots
  vary from time to time as the Company negotiates block media times in advance and introduces new programs periodically in order
  to best reach its target audience. The Company&#8217;s target audience is members of the Brazilian television viewing public who
  use cellular telephones. Due to the Company&#8217;s business model, where income flows from third-party telecommunications providers
  who bill the Company&#8217;s customers directly, the Company does not have access to comprehensive or detailed information regarding
  the Company&#8217;s customers. However, based on experience of monitoring financial results of the Company&#8217;s television
  programs, the Company attempts to design its programs to appeal to male and female television viewers of all social classes and
  primarily middle class economic means between the ages of 18 and 50.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is currently substantially dependent
  upon business with two Brazilian telecommunications partners, Brasil Telecom (operating in Brasil under the brand name &#8220;Oi&#8221;)
  and IP Corp. It is not known what portion of those companies&#8217; revenue comes to the Company, and the Company receives 100%
  of the Company&#8217;s income from these continuing contracts, by which the Company monetizes the sale of the major part of its
  services to the public.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Results of Operations</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenues</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had revenue of $2,308,005 and $931,681
  for the three months ended March 31, 2013 and 2012, respectively. The growth in our revenues can be attributed to increased air
  time due to a variety of TV shows and increased volume of telecom calls due to audience participation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of Revenues</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of revenues recorded at $1,522,326 and
  $743,041 during the three months ended March 31, 2013 and 2012, respectively. Cost of revenues consists primarily of cost of media
  time, TV crew contractors and prize payouts. The increase in the cost of goods sold is attributed to increase in subcontractors
  and cost of media time as the volume of air time has increased due to the variety of TV shows, increase in prize payouts and increase
  in subcontractor services.&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating Expenses</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had operating expenses of $735,706 and
  $98,696 for the three months ended March 31, 2013 and 2012, respectively. The expenses were mainly composed of TV studio rent
  and maintenance costs, depreciation of equipment, subcontractor costs, legal and professional fees, security and traveling expenses.
  The increase in operating expenses is a result of the growth in revenues from the various TV shows run by the company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net Income</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had net income of $3,557 and a loss of
  $9,505 for the three months ended March 31, 2013 and 2012, respectively, due to sufficient gross profit to cover our operating
  expenses.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Liquidity and Capital Resources</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash flows provided by operating
  activities were $327,229 for the three months ended March 31, 2013 and cash used in operating activities was $189,782 the
  three months ended March 31, 2012. The $327,229 cash provided from operating activities, during the three months ended March
  31, 2013 were due primarily to the capitalization of debt to preferred and common stock as part of the company&rsquo;s
  reverse merger agreement, and increase in vendor payables, as the company was able to establish new payment terms with
  vendors. In addition, the company was able to negotiate a long term financing arrangement with the Brazilian tax authority in
  an effort to pay down its corporate tax liability. However, these positive cash flow variances were offset by an increase in
  our customer receivables as our billing volume increased dramatically. The cash used in operating activities for the three
  months ended March 31, 2012 was due primarily to an increase in prepayments for media costs. However, this variance was
  offset by a decrease in customer receivables due to collection efforts and also due to an increase in our corporate
  tax liability for the period.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash flows used in investing activities were
  $37,741 and $3,894 during the three months ended March 31, 2013 and 2012, respectively. This was mainly attributed to the purchase
  of TV studio equipment during both periods.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash flows used by financing activities
  were $11,245 for the three months ended March 31, 2013 and cash used by financing activities were $5,636 for the three months
  ended March 31, 2012. For the three months ended March 31, 2013, the cash flow used by financing activities was attributed
  mainly to the repayment of bank loan and tax installment.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended March 31, 2012,
  cash flows used by financing activities were mainly due to repayment of bank loans for the period in the amount of $21,467, which
  was offset by proceeds from additional bank loans in the amount of $15,831.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Capital Expenditures</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Overall, we have funded our cash needs from
  inception through March 31, 2013 with a series of debt and equity transactions, primarily with related parties. If we are unable
  to receive additional cash from our related parties, we may need to rely on financing from outside sources through debt or equity
  transactions. Our related parties are under no legal obligation to provide us with capital infusions. Failure to obtain such financing
  could have a material adverse effect on our operations and financial condition.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We had cash of $506,963 on hand as of March
  31, 2013. Currently, we have enough cash to fund our operations for the next 6 months. This is based on current positive cash
  flows from operation and potential funding from investor capital groups.&nbsp;Modifications to our business plans may require
  additional capital for us to operate. For example, if we are unable to raise additional capital in the future, this could affect
  our ability to purchase media in advance and at a discount. This may result in lower revenues and market share for us. In addition,
  there can be no assurance that additional capital will be available to us when needed or available on terms favorable to us.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On a long-term basis, liquidity is dependent
  on continuation and expansion of operations, receipt of revenues, and additional infusions of capital and debt financing. Our
  current capital and revenues are insufficient to fund such expansion. If we choose to launch such an expansion campaign, we will
  require substantially more capital. However, there can be no assurance that we will be able to obtain additional equity or debt
  financing in the future, if at all. If we are unable to raise additional capital, our growth potential will be adversely affected
  and we will have to significantly modify our plans.</P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our success will be dependent upon implementing
  our plan of operations and the risks associated with our business plans. Our strategy is to purchase TV media in advance and discounted
  prices which also affects our gross profit. We plan to strengthen our position in our market.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Off-balance sheet arrangements</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any off-balance
  sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Competition</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is unaware of any direct competition with the Company&#8217;s
  products or services in the Brazilian market.</P>
  
  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Intellectual Property</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to protect its proprietary television program formats
  and designs, the Company has applied for several trademarks with the Brazilian patent and trademark office.</P>
  
  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Customer Base</P>
  
  <P STYLE="font: 10pt Times New Roman Bold Italic,serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s principal customers are members of the Brazilian
  television viewing public who use cellular telephones. Due to the Company&#8217;s business model, where income flows from third-party
  telecommunications providers who bill the Company&#8217;s customers directly, the Company does not have access to comprehensive
  or detailed information regarding the Company&#8217;s customers. However, based on experience of monitoring financial results
  of the Company&#8217;s television programs, the Company attempts to design its programs to appeal to male and female television
  viewers of all social classes and primarily middle class economic means between the ages of 18 and 50.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Employees</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company contracts with thirty-six independent
  technical television engineers, television production staff, financial staff, and clerical and administrative support persons
  on an on-going as-needed basis. The majority of our third-party contractors are members of a Brazilian television industry labor
  union, in accordance with Brazilian law. There are no employment agreements.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Facilities</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not own any real estate.
  The Company leases its principal office in the U.S.A. at 801 Brickell Avenue, Suite 901, Miami, Florida 33131. The Company&#8217;s
  subsidiary in Brazil leases approximately 25,000 square feet of offices and television studios in the city of S&atilde;o Paulo,
  Brazil. Current monthly rent in Miami is $220 and in Brazil is $10,000.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has no plans to acquire
  any property in the immediate future. The Company believes that its current facilities are adequate for its needs through the
  next twelve months, and that, should it be needed, suitable additional space will be available to accommodate expansion of the
  Company's operations.</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Outlook
  section, and other portions of this document, include certain &#8220;forward-looking statements&#8221; within the meaning of that
  term in Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including, among others,
  those statements preceded by, following or including the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221;
  &#8220;anticipate&#8221; or similar expressions. These forward-looking statements are based largely on the current expectations
  of management and are subject to a number of assumptions, risks and uncertainties. Our actual results could differ materially
  from these forward-looking statements. Important factors to consider in evaluating such forward-looking statements include those
  discussed in our Form 8K filed March 21, 2013 as well as:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our success depends on our management team,
  the loss of any of whom could disrupt our business operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe that our continued success will
  depend to a significant extent upon the efforts and abilities of our management team, particularly our CEO, Themistocles Psomiadis,
  and our CFO, Jesus Quintero.&nbsp;&nbsp;We cannot ensure that we will be able to retain the services of such officers and our
  failure to retain them could adversely affect our operations.&nbsp;&nbsp;We do not currently have employment agreements executed
  with these two executives but anticipate entering into such agreements definitively in the near future. Further, we do not currently
  carry key-man life insurance on any of our executive officers.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investors may have limited recourse against
  the majority owner, who is a resident of Brazil.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operating subsidiary is
  located in Brazil, and the principal majority owner of the company is a foreign national and resident of Brazil. As a result,
  investors may have limited legal recourse against them in the United States.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If our products and services do not achieve
  market acceptance, our business will be materially and adversely affected.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our success will depend upon widespread market
  acceptance of our product and any future products and services which we may offer.&nbsp;&nbsp;There can be no assurance as to
  the overall acceptance by our targeted customers of the product and services that we offer. There can be no assurance that the
  market for these products and/or services will develop or be sustained.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We may not be able to manage our growth effectively.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The expansion necessary for us to fully exploit
  the market for our products and services requires an effective planning and management process.&nbsp;&nbsp;Growth, if it occurs,
  will likely place a significant strain on our managerial, operational and financial resources.&nbsp;&nbsp;To manage our growth,
  we must implement and improve our operational system and expand, train and manage our employee base.&nbsp;&nbsp;There can be no
  assurance that our systems, procedures or controls will be adequate to support operations or that management will be able to achieve
  the expansion necessary to fully exploit the market for our products and services, and the failure to do so would have a material
  adverse effect on our business, operations and financial condition.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We could be materially adversely affected
  by changes or imbalances in foreign currency exchange and other rates.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Given the location of our business in the
  country of Brazil, we have significant exposures to risks related to changes in foreign currency exchange rates, and interest
  rates, which can have material adverse effects on our business. For example, significant strengthening of the Brazilian Real relative
  to the U.S. dollar would affect the profitability of our U.S. parent company. In addition, in preparing our consolidated financial
  statements, we translate our revenues and expenses outside the U.S. into U.S. Dollars using the average foreign currency exchange
  rate for the period and the assets and liabilities using the foreign currency exchange rate at the balance sheet date. As a result,
  foreign currency fluctuations and the associated translations could have a material adverse effect on our results of operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our business outside the U.S. exposes us to
  additional risks that may materially adversely affect our business.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our business income is generated outside the
  U.S. We are pursuing growth opportunities for our business in the Federal Republic of Brazil. Operating in a foreign country exposes
  us to political, economic, and other risks, as well as multiple foreign regulatory requirements that are subject to change, including:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <!-- Field: Page; Sequence: 23 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&#8226;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Economic downturns in foreign countries or geographic regions where we have significant
  operations, such as Brazil;</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Economic tensions between governments and changes in international trade and investment
  policies, including imposing restrictions on the repatriation of dividends, especially between the United States and Brazil;</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Foreign regulations restricting our ability to market our products in those countries;</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Differing labor regulations and union relationships;</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Consequences from changes in tax laws;</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Difficulties in obtaining financing in foreign countries for local operations; and</TD>
  </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="text-align: right">&#8226;</TD><TD></TD><TD STYLE="text-align: justify">Political and economic instability, natural calamities, war, and terrorism.</TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The effects of these risks may, individually
  or in the aggregate, materially adversely affect our business.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We may not be able to obtain sufficient capital
  and may be forced to limit the scope of our operations or discontinue operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If adequate additional financing is not available
  when needed, we may not be able to undertake any planned operational expansions and as a result, we may have to modify our business
  plans accordingly, or may be required to discontinue our business operations. There is no assurance that additional financing
  will be available to us when needed, or if made available, that such will be on terms favorable to us.&nbsp;&nbsp;Further, any
  future capital investments could dilute or otherwise materially and adversely affect the holdings or rights of our existing shareholders.
  In addition, new equity or convertible debt securities issued by us to obtain financing could have rights, preferences and privileges
  senior to those granted to existing shareholders.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In light of these risks and uncertainties,
  there can be no assurance that the events contemplated by the forward-looking statements contained in this Form 10-Q will in fact
  occur.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Item 3. Quantitative &amp; Qualitative Disclosures about Market
  Risks</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 4. Controls and Procedures</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Chief Executive Officer and Chief Financial Officer (the &#8220;Certifying
  Officers&#8221;) are responsible for establishing and maintaining disclosure controls and procedures for the Company.&nbsp;&nbsp;The
  Certifying Officers have designed such disclosure controls and procedures to ensure that material information is made known to
  them, particularly during the period in which this Report was prepared.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Evaluation of Controls and Procedures</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain disclosure controls and procedures that are designed
  to ensure that information required to be disclosed in our Securities Exchange Act reports is recorded, processed, summarized
  and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated
  to our management, including our chief executive and financial officer, to allow timely decisions regarding required disclosure.
  In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no
  matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours
  are designed to do, and management necessarily was required to apply its judgment in evaluating the cost- benefit relationship
  of possible controls and procedures.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2013, an evaluation was performed under the supervision
  and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness
  of the design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer
  and Principal Financial Officer concluded that our disclosure controls and procedures were effective.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <!-- Field: Page; Sequence: 24 -->
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Changes in Internal&nbsp;Controls</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">There have been changes in the Company's internal controls over
  financial reporting that occurred during the Company's last fiscal quarter to which this report relates that have materially affected,
  or are reasonably likely to materially affect, the Company's internal control over financial reporting.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company increased its internal controls regarding its Brazilian
  subsidiary, to improve financial reporting, translation of financial statements from Brazilian GAAP to U.S. GAAP, and provide
  greater oversight over financial reporting throughout the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Limitations on the Effectiveness of Controls</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A control system, no matter how well conceived
  and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because
  of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control
  issues and instances of fraud, if any, within a company have been detected. The Company's disclosure controls and procedures are
  designed to provide reasonable assurance of achieving its objectives. The Company's chief executive officer and chief financial
  officer concluded that the Company's disclosure controls and procedures are effective at that reasonable assurance level.&nbsp;</P>
  
  <!-- Field: Page; Sequence: 25 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Part II Other Information</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Item 1. Legal Proceedings</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is not currently a party to
  any pending legal proceedings.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 1A Risk Factors</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Not required.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 22, 2013, the Company entered into Stock Purchase Agreements (individually the &ldquo;Purchase Agreement&rdquo; and
  collectively the &ldquo;Purchase Agreements&rdquo;) with Dutchess Global Strategies Fund LLC, a New York limited liability company
  (&ldquo;Dutchess Global&rdquo;), and Dutchess Opportunity Fund II LP, a Delaware limited partnership (&ldquo;Dutchess Opportunity&rdquo;,
  and with Dutchess Global, collectively the &ldquo;Dutchess Funds&rdquo; or the &ldquo;Purchasers&rdquo;). The Purchase Agreements
  provided for the purchase by the Dutchess Funds of an aggregate of 2,500 shares of the Company&rsquo;s Series H Convertible Preferred
  Stock, par value $0.01 per share (the &ldquo;Preferred Shares&rdquo;), at a purchase price of $100.00 per share (the &ldquo;Offering&rdquo;).
  The Preferred Shares may be convertible into the Company&rsquo;s Common Stock, at the sole option of the holder, at a conversion
  price of $0.30 per share. In addition to the Preferred Shares, the Company also agreed to issue to the Dutchess Funds five-year
  warrants to purchase, in the aggregate, 208,334 shares of the Company&rsquo;s Common Stock at an exercise prices of $0.60 per share
  (the &ldquo;Warrants&rdquo;). The Offering consists of the Company&rsquo;s Series H Convertible Preferred Stock, par value $0.01
  per share, with 30,000 shares authorized, the terms of which are defined pursuant to the certificate of designations filed with
  the state of Delaware Division of Corporations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the &ldquo;Act&rdquo;)
  for the private placement of these securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder
  since, among other things, the transaction does not involve a public offering, the Investor is an &ldquo;accredited investor&rdquo;
  and/or qualified institutional buyer, the Investor has access to information about the Company and its investment, the Investor
  will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer
  of the securities.</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 3. Defaults upon Senior Securities:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">None.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 5. Other Information:&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 6. Exhibits</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 11%">31.1 (2)</TD>
      <TD STYLE="width: 89%">Certification
      of Chief Executive Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>31.2 (2)</TD>
      <TD>Certification of Vice President of Finance and
      Principal Financial Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>32.1(2)</TD>
      <TD>Certification of Chief Executive Officer Pursuant
      to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of 2002.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD>32.2 (2)</TD>
      <TD>Certification of Vice President of Finance and
      Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of
      2002.</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.5pt">&nbsp;</P>
  
  <!-- Field: Page; Sequence: 26 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signatures</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities Exchange Act of
  1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27.5pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="border-top: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">BRAZIL
      INTERACTIVE MEDIA,&nbsp;INC.&#9;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">(Registrant)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="width: 28%; border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">Dated:
      May 20, 2013</TD>
      <TD STYLE="width: 10%; border-bottom: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="width: 11%; border-bottom: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid">By</TD>
      <TD STYLE="width: 51%; border-bottom: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid">/s/ Themistocles Psomiadis</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">Themistocles Psomiadis, Chief Executive Officer
      (Principal Executive Officer)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">Dated: May 20,
      2013</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">By</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">/s/ Jesus Quintero</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">Jesus Quintero</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">&nbsp;</TD>
      <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid">Chief Financial Officer (Principal Financial Officer)</TD></TR>
  </TABLE>
  
  
  
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metadata_documents: [{"type": "10-Q", "sequence": "1", "filename": "nawl10q515.htm", "secsgml_size_bytes": 250605}]
metadata_filer: {"company-data": {"conformed-name": "NATUREWELL INC", "cik": "0000945617", "assigned-sic": "4833", "irs-number": "942901715", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-26108", "film-number": "13859571"}, "business-address": {"street1": "7855 IVANHOE AVE", "street2": "SUITE 322", "city": "LA JOLLA", "state": "CA", "zip": "92037", "phone": "858/454-6790"}, "mail-address": {"street1": "7855 IVANHOE AVE", "street2": "SUITE 322", "city": "LA JOLLA", "state": "CA", "zip": "92037"}, "former-company": {"former-conformed-name": "LA JOLLA DIAGNOSTICS INC", "date-changed": "19950523"}}
text: Form 10-Q BRAZIL INTERACTIVE MEDIA,
  INC. AND ITS SUBSIDIARY
  Filed: May 20, 2013 (period: March 31, 2013)
  Quarterly report with a continuing view of a company's financial position
  The information contained herein may not be copied, adapted
  or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising
  from any use of this information, except to the extent such damages or losses cannot be limited or excluded by applicable law.
  Past financial performance is no guarantee of future results.
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM 10-Q
  [X] QUARTERLY
  REPORT PURSUANT TO SECTION 13 OR 15(d)
  OF THE SECURITIES ACT OF 1934
  For the quarterly period ended March 31, 2013
  OR
  [
  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
  OF THE SECURITIES ACT OF 1934
  For the transition period from ___________to
  ____________
  Commission File Number 000-26108
  BRAZIL INTERACTIVE
  MEDIA, INC. AND ITS SUBSIDIARY
  (Exact name of small
  business issuer as specified in its charter)
  Delaware
  94-2901715
  (State
      or other jurisdiction of incorporation or organization)
  (I.R.S.
      Employer Identification No.)
  801 Brickell Avenue, Suite 900
  Miami, FL 33131
  (Address, including zip code, of principal
  executive offices)
  305-789-6621
  (Issuer's telephone number)
  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.
  [X]
  Yes
  [ ]
  No
  Indicate by check mark whether the registrant
  is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
  of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule
  12b-2 of the Exchange Act.
  Large accelerated
      filer
  [ ]
  Accelerated
      filer
  [ ]
  Non-accelerated
      filer
  [ ]
  Smaller
      reporting company
  [X]
  Indicate by check mark whether the registrant
  is a shell company (as defined in Rule 12b-2 of the Exchange Act).
  [ ]
  Yes
  [X]
  No
  Indicate the number of shares outstanding
  of each of the issuer's classes of common stock, as of the latest practicable date: As of May 20, 2013, the issuer had 40,000,000
  shares of common stock issued and outstanding.
  Table of Contents
  -
  1
  -
  Table of Contents
  BRAZIL INTERACTIVE
  MEDIA, INC. AND ITS SUBSIDIARY
  INDEX
  PART I.
  FINANCIAL INFORMATION
  Item 1.
  Consolidated Financial Statements
  Consolidated Balance Sheets as of March 31, 2013 (Unaudited) and December 31, 2012 (Audited)
  Consolidated Statements of Operations for the Three months Ended March 31, 2013 and March 31, 2012 (Unaudited)
  Consolidated Statements of Cash Flows for the Three months Ended March 31, 2013 and March 31,
      2012     (Unaudited)
  Notes to Unaudited Condensed Consolidated Financial Statements
  Item 2.
  Management's Discussion and Analysis of Financial Condition and Results of Operations
  Item 3.
  Quantitative and Qualitative Disclosures about Market Risk
  Item 4.
  Controls and Procedures
  PART II.
  OTHER INFORMATION
  Item 1.
  Legal Proceedings
  Item 2.
  Unregistered Sales of Equity Securities and Use of Proceeds
  Item 3.
  Defaults Upon Senior Securities
  Item 5.
  Other Information
  Item 6.
  Exhibits
  SIGNATURES
  Table of Contents
  -
  2
  -
  Part I. Financial
  Information
  Item 1. 	Financial Statements
  Table of Contents
  -
  3
  -
  BRAZIL INTERACTIVE MEDIA, INC. AND SUBSIDIARY
  CONSOLIDATED BALANCE SHEETS
  AS OF MARCH 31, 2013 AND DECEMBER 31, 2012
  March
  31, 2013
  (unaudited)
  December 31,
  2012 (audited)
  ASSETS
  Current assets:
  Cash
  506,963
  146,331
  Accounts receivable
  865,119
  484,982
  Prepayments and advances
  122,958
  68,910
  Total Current Assets
  1,495,040
  700,223
  Property, Plant and Equipment
  Fixed assets
  485,360
  447,619
  Accumulated depreciation
  (22,840
  )
  0
  FIXED ASSETS - NET
  462,520
  447,619
  Other Assets
  Intangible Assets
  5,200
  0
  Total Other Assets
  5,200
  0
  TOTAL ASSETS
  1,962,760
  1,147,842
  LIABILITIES AND STOCKHOLDERS' EQUITY
  Current liabilities:
  Accounts payable and accrued expenses
  690,048
  171,497
  Taxes payable
  308,455
  194,883
  Loan payable
  174,557
  170,000
  Advances from third party
  210,618
  220,000
  Current portion of Bank Loans payable
  13,355
  22,621
  Total current liabilities
  1,397,033
  779,001
  Long-term liabilities:
  Bank loans payable
  1,114
  0
  Tax payable - Longterm
  433,262
  436,355
  Total Long-term liabilities
  434,376
  436,355
  Total Liabilities
  1,831,409
  1,215,356
  Stockholders' Equity
  Preferred Stock, Series C preferred, $0.01 par value, 75
      shares authorized,     75     and     -0-     shares     issued and     outstanding,     respectively
  1
  0
  Series G preferred,  $0.01 par value, 4,000,000 shares authorized;
      3,970,746 and -0- shares issued and outstanding, respectively
  39,707
  0
  Series H preferred,  $0.01 par value, 30,000 shares authorized; 2,500
      and -0- shares issued and outstanding, respectively
  25
  0
  Due from shareholder
  0
  (5,366
  )
  Common stock,  $0.00001 par value, 4,980,000,000 shares authorized;
      2,480,038,195 and 2,448,665,750 shares issued and outstanding, respectively
  24,800
  100
  Additional paid-in-capital
  263,442
  225,147
  Accumulated other comprehensive income (loss)
  74,042
  (14,015
  )
  Retained earnings
  (270,666
  )
  (273,380
  )
  Total Stockholder's Equity
  131,352
  (67,514
  )
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  1,962,760
  1,147,842
  The accompanying notes are an integral
  part of these financial statements
  Table of Contents
  -
  4
  -
  BRAZIL INTERACTIVE MEDIA, INC. AND SUBSIDIARY
  CONSOLIDATED INCOME STATEMENT
  FOR THE THREE MONTHS ENDED MARCH 31, 2013 and 2012
  For the three months ended
  March 31, 2013 (unaudited)
  For the three months ended
  March 31, 2012
  (unaudited)
  REVENUES
  2,308,005
  931,681
  Cost of revenues
  1,522,326
  743,041
  Gross Profit
  785,679
  188,640
  OPERATING EXPENSES
  Other Taxes
  77,605
  40,901
  Subcontractor Expense
  413,750
  16,822
  Rent
  43,133
  31,963
  Other General and administrative
  201,218
  9,010
  Total Operating Expenses
  735,706
  98,696
  Operating Income
  49,973
  89,944
  Other comprehensive Income (Expense)
  Interest Income
  185
  0
  Interest Expense
  (12,688
  )
  (1,141
  )
  Total Other Income (Expense)
  (12,503
  )
  (1,141
  )
  Income before Income Taxes
  37,470
  88,803
  Provision for Income Taxes
  33,913
  98,308
  NET INCOME (LOSS)
  3,557
  (9,505
  )
  Other comprehensive income
  Foreign currency translation adjustment
  88,057
  18,179
  Comprehensive income
  91,614
  8,674
  The accompanying notes are an integral
  part of these financial statements
  Table of Contents
  -
  5
  -
  BRAZIL INTERACTIVE MEDIA, INC. AND ITS SUBSIDIARY
  CONSOLIDATED STATEMENTS OF CASH FLOWS
  FOR THE THREE MONTHS ENDED MARCH 31, 2013 AND 2012
  For the three months ended March 31, 2013
  (unaudited)
  For the three months ended March 31, 2012
  (unaudited)
  Cash flows from operating activities:
  Net income (loss)
  3,557
  (9,505
  )
  Depreciation
  22,840
  0
  Effects of Capitalization of Preferred and Common Stock
  108,094
  0
  Changes in operating assets and liabilities:
  Accounts receivable
  (380,137
  )
  159,358
  Other receivable- related party
  0
  0
  Prepayments and advances
  (54,048
  )
  (593,362
  )
  Intangible Assets
  (5,200
  )
  0
  Accounts payable and accrued expenses
  518,551
  89,711
  Other payable to related party
  0
  23,606
  Taxes payables
  113,572
  140,410
  Net cash provided by (used in) operating activities
  327,229
  (189,782
  )
  Cash flows from investing activities:
  Purchase of equipment
  (37,741
  )
  (3,894
  )
  Net cash (used in) investing activities
  (37,741
  )
  (3,894
  )
  Cash flows from financing activities:
  Proceeds from  bank loan payable
  1,114
  15,831
  Principal repayments of bank loan payable
  (9,266
  )
  (21,467
  )
  Principal repayments of Tax installments
  (3,092
  )
  0
  Net cash provided by financing activities
  (11,244
  )
  (5,636
  )
  Foreign currency translation adjustment
  82,388
  7,772
  Increase (decrease) in cash and cash equivalents
  360,632
  (191,540
  )
  Cash and cash equivalents at beginning of year
  146,331
  193,255
  Cash and cash equivalents at end of year
  506,963
  1,715
  Cash paid for:
  Income tax
  9,484
  0
  Interest
  12,687
  1,141
  The accompanying
  notes are an integral part of these financial statements
  Table of Contents
  -
  6
  -
  BRAZIL INTERACTIVE MEDIA, INC. AND SUBSIDIARY
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
  Note 1 - Organization, Business & Operations
  Brazil Interactive Media, Inc., a Delaware
  corporation formed on September 24, 2001 under the name of Naturewell, Incorporated, is a public company quoted on the Over-the-Counter
  "Pink Sheets" under the symbol "NAWL." The Company was formerly engaged in the research and development of
  healthcare products intended for a variety of conditions. On May 9, 2008, the Company completed the sale of essentially all of
  its assets. As a result of the sale of its assets, the Company became a shell company as defined under Rule 12b-2 of the Exchange
  Act.
  BIMI, Inc., a corporation organized under
  the laws of Delaware on September 11, 2012 under the name of Brazil Interactive Media, Inc., is the parent of Brazil Interactive
  Media Participações, Ltda., a Brazilian holding company, which through its wholly-owned subsidiary EsoTV Brasil
  Promoção Publicidade Licenciamento e Comércio Ltda. ("EsoTV"), combines live television broadcasts
  with a telecommunications component to create live, interactive television programming for the Brazilian viewing public. Brazil
  Interactive Media, Brazil Interactive Media Participações, Ltda. and EsoTV shall be collectively referred to herein
  as "Brazil Interactive Media". Brazil Interactive Media's Brazilian subsidiary, EsoTV, was founded and commenced
  operations in 2008. There is no relationship whatsoever between the Company nor any of its subsidiaries with the website US.Eso.TV.
  On March 13, 2013, the Company entered into
  an Agreement and Plan of Merger (the "Merger Agreement"), by which Naturewell, Incorporated became the ultimate parent
  company of Brazil Interactive Media, Inc. With the effectiveness of the merger, Brazil Interactive Media, Inc. changed its name
  to "BIMI, Inc." On May 16, 2013, pursuant to the Merger Agreement, the Company filed a certificate of amendment (the
  "Amendment") with the state of Delaware, changing the name of the Company to Brazil Interactive Media, Inc., effecting
  a reverse merger at a ratio of 8,484 to one, and decreasing the Company's authorized capital from 5,000,000,000 shares of
  common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par value $0.01, to 100,000,000 shares of common stock,
  par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.
  Subsequent to the merger, the former Brazil
  Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding Common Stock of the Company and the
  remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied for a new stock symbol that more appropriately
  reflects the new name of the Company.
  As of March 13, 2013, the Company, through
  its wholly-owned subsidiary, Brazil Interactive Media, commenced the business of producing live TV shows with an interactive telephone
  calling component using its own unique and proprietary programs that include quiz shows, games, psychics and live chat formats.
  The Company's program content reaches the nationwide Brazilian television audience via an in-studio satellite signal uplink
  to a variety of Brazilian TV broadcast networks.
  At its facilities in São Paulo, Brazil,
  the Company operates two modern television studios, producing and transmitting via satellite live television content to TV stations
  throughout Brazil. Although the Company currently broadcasts throughout Brazil, and has no plans at this time to broadcast to
  countries outside of Brazil, the Company has the capacity to broadcast the same signal throughout Latin America. Through the negotiation
  and purchase of block television time for strategic times and networks, the Company is able to distribute its content directly
  to its target audience throughout Brazil. Brazil Interactive Media currently leases two satellite uplinks and produces three daily
  live shows, providing 13 hours of live television program content daily. Brazilian television viewers participate in the shows
  in real time via telephone, calling into the Company's voice system to participate in the show formats, which, depending
  on the particular show, could include the chance to respond to a question live on the air, or participate in a presenter's
  conversation with other audience members. Audience participants calling in dial telephone numbers belonging to the Company's
  telecommunications partners. The Company's Brazilian telecommunications partners charge audience participants various per-minute
  rates for the incoming calls and share a portion of the revenue with the Company.
  Table of Contents
  -
  7
  -
  The Company currently broadcasts its programs
  on four Brazilian television channels: MixTV, VTV, Rede Brazil and Terra Viva. The programs may be seen those channels in the
  daytime slot, from 11 am until 2 pm, and in the early morning slot, from 12 am until 3 am. Programming channels and time slots
  vary from time to time as the Company negotiates block media times in advance and introduces new programs periodically in order
  to best reach its target audience. The Company's target audience is members of the Brazilian television viewing public who
  use cellular telephones. Due to the Company's business model, where income flows from third-party telecommunications providers
  who bill the Company's customers directly, the Company does not have access to comprehensive or detailed information regarding
  the Company's customers. However, based on experience of monitoring financial results of the Company's television
  programs, the Company attempts to design its programs to appeal to male and female television viewers of all social classes and
  primarily middle class economic means between the ages of 18 and 50.
  The Company is currently substantially dependent
  upon business with two Brazilian telecommunications partners, Brasil Telecom (operating in Brasil under the brand name "Oi")
  and IP Corp. It is not known what portion of those companies' revenue comes to the Company, and the Company receives 100%
  of the Company's income from these continuing contracts, by which the Company monetizes the sale of the major part of its
  services to the public.
  Note 2 - Summary of Significant Accounting Policies
  This summary of significant accounting policies
  of Brazil Interactive Media, Inc. is presented to assist in understanding the Company's financial statements. The financial
  statements and notes are representations of the Company's management, who are responsible for their integrity and objectivity.
  These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation
  of the financial statements.
  Basis of Presentation
  The accompanying consolidated financial statements
  of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America
  (U.S. GAAP) under the accrual basis of accounting.
  Interim financial statements
  The accompanying unaudited condensed financial
  statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC")
  and should be read in conjunction with the Company's audited financial statements and footnotes thereto for the year ended
  December 31, 2012, included in the Company's Form 10-K filed for the year ended December 31, 2012. Certain information and
  footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted
  in the United States of America have been omitted pursuant to such rules and regulations. However, the Company believes that the
  disclosures are adequate to make the information presented not misleading. The financial statements reflect all adjustments (consisting
  primarily of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company's
  financial position and results of operations. The operating results for the three months ended March 31, 2013 are not necessarily
  indicative of the results to be expected for any other interim period of a future year.
  Principles of Consolidation
  The accompanying consolidated
  financial statements include the accounts of Brazil Interactive Media, Inc. and its wholly owned subsidiary EsoTV Brasil Promoção
  Publicidade Licenciamento e Comércio Ltda. ("EsoTV") (collectively the "Company"). All significant
  inter-company accounts and transactions have been eliminated in consolidation.
  Reclassifications
  Certain items in the prior year financial
  statements have been reclassified for comparative purposes to conform to the presentation in the current period's presentation.
  These reclassifications have no effect on the previously reported income (loss).
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  Use of Estimates
  In preparing consolidated financial statements
  in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions
  that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of
  the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting periods.
  These accounts and estimates include, but are not limited to, the valuation of accounts receivables, inventories, income taxes
  and the estimation on useful lives of property, plant and equipment. Actual results could differ from these estimates.
  Generally Accepted Accounting Principles ("GAAP")
  These consolidated financial statements have
  been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). Such
  accounting principles differ in certain respects from accounting principles generally accepted in Brazil ("Brazilian GAAP"),
  which is applied by the Company for its annual consolidated financial statement preparation. Unless otherwise specified, all references
  in these financial statements to (i) "reais," the "real" or "R$" are to the Brazilian real
  (singular), or to the Brazilian reais (plural), the legal currency of Brazil, and (ii) "U.S. dollars" or "$"
  are to United States dollars.
  Basis of Consolidation
  The consolidated financial statements include
  the financial statements of the Company and its subsidiary.
  All significant inter-company balances and
  transactions within the Company and subsidiary have been eliminated upon consolidation.
  Accounting Method
  The Company's financial statements are prepared using the
  accrual method of accounting. The Company has elected a December 31 year-end.
  Cash and cash equivalents
  Cash and cash equivalents are carried at cost
  and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments
  with an original maturity of three months or less as of the purchase date of such investments.
  Concentration of Credit Risk
  Accounts receivable are recorded at the invoiced amount and do
  not bear interest. The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the
  associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established
  and determined based on managements' assessment of known requirements, aging of receivables, payment history, the customer's
  current credit worthiness and the economic environment. As of March 31, 2013 and 2012, the Company did not record an allowance
  for uncollectible accounts.
  Use of Estimates
  The preparation of financial statements in conformity with generally
  accepted accounting principles 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. Estimates also affect
  that reported amounts of revenues and expenses during the reporting period. Actual events and results could differ from those
  assumptions and estimates.
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  Fixed Assets - net
  Fixed assets are stated at cost less accumulated
  depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following
  expected useful lives from the date on which they become fully operational and after taking into account their estimated residual
  values:
  Depreciable life
  Residual value
  Machinery and Equipment
  5 years
  5
  %
  Furniture and fixture
  7 years
  5
  %
  Expenditures for maintenance
  and repairs that do not make the fixed asset more useful or prolong its useful life are expensed as incurred.
  Fair Value for Financial Assets and Financial Liabilities
  The Company follows paragraph 825-10-50-10
  of the FASB Accounting Standards Codification ("ASC") for disclosures about fair value of its financial instruments
  and paragraph 820-10-35-37 of the FASB ASC ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments.
  Paragraph 820-10-35-37 establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value
  measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37
  establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three
  broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical
  assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph
  820-10-35-37 are described below:
  Level 1
  Quoted market prices available in
      active markets for identical assets or liabilities as of the reporting date.
  Level 2
  Pricing inputs other than quoted prices in active
      markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
  Level 3
  Pricing inputs that are generally observable inputs
      and not corroborated by market data.
  The carrying amounts of the Company's
  financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity
  of these instruments.
  The Company does not have any assets or liabilities
  measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments
  for assets and liabilities measured at fair value at March 31, 2013 and December 31, 2012 nor gains or losses are reported in
  the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities
  still held at the reporting date for the for the years ended March 31, 2013 and December 31, 2012, respectively.
  Revenue Recognition
  In accordance with guidance by paragraph 605-10-S99-1
  of the FASB ASC for revenue recognition, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer
  of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably
  assured.
  The Company produces live TV shows including
  quiz shows, games, psychics and live chat formats, which are transmitted via satellite to the Company's television broadcaster
  distribution channels. The Company currently leases two satellite uplinks and produces three daily live shows, providing 13 hours
  of live television program content daily. Members of the television audiences participate in in the shows in real time via telephone,
  calling into the Company's voice system to participate in the show formats, dialing telephone numbers belonging to the Company's
  telecommunications partners. The Company's Brazilian telecommunications partners charge audience participants various per-minute
  rates for the incoming calls and share a portion of the revenue with the Company.  Revenue is recognized by the Company when
  the minutes of calls from audiences are determined by the local telecommunications providers.
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  -
  Cost of Revenues
  Cost of revenues consists primarily of media
  cost, leasing expenses related to satellite uplinks and other costs directly attributable to the provision of services.
  Income Taxes
  Income taxes are determined in accordance with Accounting
  Standards Codification Topic 740, "Income Taxes" ("ASC 740"). Under this method, deferred tax assets and
  liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying
  amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using
  enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to
  be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in
  the period that includes the enactment date.
  ASC 740 prescribes a comprehensive model for
  how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or
  expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when
  it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially
  and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon
  ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
  The Company conducts its primary business
  in Brazil and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that
  are subject to examination by the foreign tax authority. As of March 31, 2013 and December 31, 2012, the Company had outstanding
  income taxes due with the tax authority in Brazil in the amounts of $741,717 and $631,238, respectively. A portion of the income
  tax due for 2012, or $433,262, will be paid over time pursuant to an installment plan entered into by the Company and the tax
  authority in Brazil.
  Earnings per share
  The Company reports earnings (loss) per share
  in accordance with FASB Accounting Standards Codification 260 "Earnings per Share" ("ASC 260"). This statement
  requires dual presentation of basic and diluted earnings (loss) with a reconciliation of the numerator and denominator of the
  earnings (loss) per share computations. Basic earnings per share amounts are based on the weighted average shares of common outstanding.
  If applicable, diluted earnings per share assume the conversion, exercise or issuance of all common stock instruments such as
  options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Accordingly,
  this presentation has been adopted for the periods presented. There were no adjustments required to net income for the periods
  presented in the computation of diluted earnings per share. There were no common stock equivalents (CSE) necessary for the computation
  of diluted earnings per share.
  Comprehensive income
  The Company adopted FASB Accounting Standards
  Codification 220 "Comprehensive Income" (ASC "220") which establishes standards for reporting and display
  of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity
  during the year from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated
  balance sheets consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is
  not included in the computation of income tax expense or benefit.
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  Foreign currency translation
  The functional currency of the Company is
  the Brazilian Real. The Company maintains its consolidated financial statements in the functional currency. Monetary assets and
  liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates
  of exchange prevailing at the balance sheet date. Transactions denominated in currencies other than the functional currency are
  translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses
  arising from foreign currency transactions are included in the determination of net income for the respective periods.
  For financial reporting purposes, the consolidated financial
  statements of the Company, which are prepared using the functional currency, have been translated into United States dollars.
  Current assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated
  at the average exchange rates of the year while fixed assets and stockholders' equity is translated at historical exchange
  rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment
  to other comprehensive income, a component of stockholders' equity. The exchange rates in effect as of March 31, 2013 and
  2012 were US$1 for R$2.02 and R$1.82, respectively. The average exchange rates for the 3 months ended March 31, 2013 and 2012
  were US$1 for R$1.98 and R$1.78, respectively. There is no significant fluctuation in exchange rate for the conversion of Brazilian
  Real to US dollars after the balance sheet date.
  Off-balance sheet arrangements
  The Company does not have any off-balance
          sheet arrangements.
  Related Parties
  The Company follows subtopic 850-10
          of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party
          transactions.
  Pursuant to Section 850-10-20 the
          Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would
          be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15,
          to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension
          and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company;
          e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly
          influence the management or operating policies of the other to an extent that one of the transacting parties might be
          prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management
          or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties
          and can significantly influence the other to an extent that one or more of the transacting parties might be prevented
          from fully pursuing its own separate interests.
  The financial statements shall include
          disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other
          similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation
          of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a.
          the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts
          or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information
          deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts
          of transactions for each of the periods for which income statements are presented and the effects of any change in the
          method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties
          as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
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  Commitment and Contingencies
  The Company follows subtopic 450-20
  of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date
  the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when
  one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently
  involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company
  or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings
  or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.
  If the assessment of a contingency indicates
  that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated
  liability would be accrued in the Company's financial statements. If the assessment indicates that a potentially material
  loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent
  liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.
  Loss contingencies
          considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.
          Management does not believe, based upon information available at this time that these matters will have a material adverse
          effect on the Company's consolidated financial position, consolidated results of operations or consolidated cash
          flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business,
          consolidated financial position, and consolidated results of operations or consolidated cash flows.
  Uncertain Tax Positions
  The Company
          did not take any uncertain tax positions and had no adjustments to unrecognized income tax liabilities or benefits pursuant
          to the provisions of Section 740-10-25 for the three months ended March 31, 2013 or 2012.
  Subsequent Events
  The Company evaluated for subsequent events
  through the issuance date of the Company's financial statements.
  Recently issued accounting standards
  The Company has reviewed all recently issued,
  but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected
  to cause a material impact on its consolidated financial condition or the consolidated results of its operations.
  In May 2011, FASB issued Accounting Standards
  Update No. 2011-04, "Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure
  Requirements in U.S. GAAP and IFRSs" ("ASU 2011-04").  ASU 2011-04 changes the wording used to
  describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements
  to ensure consistency between U.S. GAAP and IFRS. ASU 2011-04 also expands the disclosures for fair value measurements that
  are estimated using significant unobservable (Level 3) inputs. This new guidance is to be applied prospectively.  The
  Company anticipates that the adoption of this standard will not materially expand its financial statement note disclosures.
  In June 2011, FASB issued ASU No. 2011-05,
  "Comprehensive Income (ASC Topic 220): Presentation of Comprehensive Income" ("ASU 2011-05"), which amends
  current comprehensive income guidance.  This accounting update eliminates the option to present the components of other comprehensive
  income as part of the statement of shareholders' equity.  Instead, the Company must report comprehensive income in
  either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income,
  or in two separate but consecutive statements.  ASU 2011-05 will be effective for public companies during the interim
  and annual periods beginning after December 15, 2011, with early adoption permitted.  The Company is reviewing
  ASU 2011-05 to ascertain its impact on the Company's financial position, results of operations or cash flows as it only
  requires a change in the format of the current presentation.
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  -
  In September 2011, the FASB issued ASU
  2011-08, "Testing Goodwill for Impairment", which allows, but does not require, an entity when performing its annual
  goodwill impairment test the option to first do an initial assessment of qualitative factors to determine whether it is more likely
  than not that the fair value of a reporting unit is less than its carrying amount for purposes of determining whether it is even
  necessary to perform the first step of the two-step goodwill impairment test. Accordingly, based on the option created in ASU
  2011-08, the calculation of a reporting unit's fair value is not required unless, as a result of the qualitative assessment,
  it is more likely than not that fair value of the reporting unit is less than its carrying amount. If it is less, the quantitative
  impairment test is then required. ASU 2011-08 also provides for new qualitative indicators to replace those currently used. Prior
  to ASU 2011-08, entities were required to test goodwill for impairment on at least an annual basis, by first comparing the fair
  value of a reporting unit with its carrying amount. If the fair value of a reporting unit is less than its carrying amount, then
  the second step of the test is performed to measure the amount of impairment loss, if any. ASU 2011-08 is effective for annual
  and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted.
  The Company adopted ASU 2011-08 during the first quarter of fiscal 2013. The adoption of ASU 2011-08 did not impact the Company's
  results of operations or financial condition.
  In December 2011, FASB issued Accounting
  Standards Update 2011-11, "Balance Sheet - Disclosures about Offsetting Assets and Liabilities" to enhance disclosure
  requirements relating to the offsetting of assets and liabilities on an entity's balance sheet. The update requires enhanced disclosures
  regarding assets and liabilities that are presented net or gross in the statement of financial position when the right of offset
  exists, or that are subject to an enforceable master netting arrangement. The new disclosure requirements relating to this update
  are retrospective and effective for annual and interim periods beginning on or after January 1, 2013. The update only requires
  additional disclosures, as such, the Company does not expect that the adoption of this standard will have a material impact on
  its results of operations, cash flows or financial condition.
  In July 2012, the FASB issued ASU No. 2012-02,
  "Testing Indefinite-Lived Intangible Assets for Impairment". The guidance allows companies to perform a "qualitative"
  assessment to determine whether further impairment testing of indefinite-lived intangible assets is necessary, similar in approach
  to the goodwill impairment test.
  ASU 2012-02 allows companies the option
  to first assess qualitatively whether it is more likely than not that an indefinite-lived intangible asset is impaired, before
  determining whether it is necessary to perform the quantitative impairment test. An entity is not required to calculate the fair
  value of an indefinite-lived intangible asset and perform the quantitative impairment test unless the entity determines that it
  is more likely than not that the asset is impaired. Companies can choose to perform the qualitative assessment on none, some,
  or all of its indefinite-lived intangible assets or choose to only perform the quantitative impairment test for any indefinite-lived
  intangible in any period.
  ASU 2012-02 is effective for annual and
  interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. The
  Company is in the process of evaluating the guidance and the impact ASU 2012-02 will have on its consolidated financial statements.
  NOTE 3 ACCOUNTS RECEIVABLE
  Accounts receivable was comprised of the following amounts as of
  March 31, 2013 and December 31, 2012:
  2013
  2012
  Gross trade accounts receivable from customers
  $
  865,119
  $
  484,982
  Allowance for doubtful customer accounts
  0
  0
  Accounts receivable, net
  $
  865,119
  $
  484,982
  There was no bad debt expenses recognized
  during the quarters ended March 31, 2013 and 2012 in the accompanying consolidated income statements.
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  NOTE 4	FIXED
  ASSETS
  Fixed assets were comprised of the following as of March 31, 2013
  and December 31, 2012:
  2013
  2012
  Cost:
  Machinery and equipment
  $
  479,354
  $
  439,560
  Furniture and fixtures
  6,006
  8,059
  Total cost
  485,360
  447,619
  Less: Accumulated depreciation
  (22,840
  )
  0
  Property and equipment, net
  $
  462,520
  $
  447,619
  Depreciation expense recorded for the quarters
  ended March 31, 2013 and March 2012 were $23,124 and $0, respectively, for fixed assets placed in service for depreciation purpose.
  The Company's fixed assets are pledged
  as collateral in the event of default on the note payable. See note 7.
  NOTE 5	BANK
  LOANS PAYABLE
  The Company has an unsecured loan with HSBC
  at interest rates ranging from 1.08% to 6% per month. The balance of this loan was $14,469 as of March 31, 2013 and $22,621 as
  of December 31, 2012, respectively. Accordingly, the Company recorded interest expense of $2,086 and $1,141 during the three
  months ended March 31, 2013 and 2012, respectively.
  NOTE 6	TAX
  INSTALLMENTS PAYABLE
  In 2012, an installment plan was entered into
  by the Company and the tax authority in Brazil, pursuant to which the following taxes will be paid over time. As of March 31,
  2013, the outstanding balance on the tax installments payable was $433,262.
  Type
      of tax
  Balance as of
  March 31, 2012
  Cofins Payable - Tax on Service
  $          108,006
  PIS Withheld Payable – Tax on Services
  20,852
  Social Contribution Payable – Social Security
      Tax
  83,642
  Income Tax Payable
  220,762
  Total
  $          433,262
  NOTE 7	NOTE PAYABLE
  The company has a loan payable bearing monthly
  interest of 2% as of March 31, 2013. The balance of this loan was $174,557 as of March 31, 2013 and is secured by the Company's
  fixed assets with a net book value of $462,520. The effect of accrued interest for the quarters ended March 31, 2013 and March
  31, 2012 are $10,601 and $0, respectively.
  Principal maturities of
  the loan payable as of March 31, 2013 are as follows:
  Amount
  2013
  $
  174,557
  Total
  $
  174,557
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  -
  NOTE
  8	CAPITAL STRUCTURE
  Series C Convertible Preferred Stock
  The Company is authorized to issue 75 shares of Series C Convertible
  Preferred Stock, $0.01 par value. As of March 31, 2013, there were 75 shares issued and outstanding. As of May 14, 2013, there
  are no shares issued and outstanding.
  Series G Convertible Preferred Stock
  The Company is authorized to issue 4,000,000  shares of Series
  G Convertible Preferred Stock, $0.01 par value. As of March 31, 2013, there were 3,970,746 shares issued and outstanding. As of
  May 20, 2013, there are no shares issued and outstanding.
  Series H Convertible Preferred Stock
  The Company is authorized to issue 30,000 shares of Series H Convertible
  Preferred Stock, $0.01 par value. As of March 31, 2013, there were 2,500 shares issued and outstanding.
  Common Stock
  As of March 31, 2013, the Company was authorized
  to issue 4,980,000,000  shares of common stock, $0.00001 par value. As of March 31, 2013, there were 2,480,038,195 shares issued
  and outstanding. As of May 16, 2013, the Company is authorized to issue 100,000,000 shares of common stock, $.00001 par value.
  As of May 20, 2013, there are 40,000,000 shares issued and outstanding.
  NOTE
  11	COMMITMENT AND CONTINGENCIES
  Office Leasing
  The Company leases its office space under
  non-cancelable operating lease agreements.  The lease ends in December 2015. Based on the current rental lease agreement,
  the future 3 years minimum rental payments required as of March 31 are as follows:
  Lease payment
  Year ended, December 31, 2013
  $
  119,766
  2014
  $
  123,359
  2015
  $
  127,060
  Total
  $
  370,185
  The two satellite uplink leases are on a month
  to month basis with no future operating lease commitments.
  For the quarters ended March 31, 2013 and
  2012, the Company had rental expenses of $43,133 and $31,963, respectively.
  The Company had no contingencies existing
  as of March 31, 2013 and 2012.
  NOTE 12	CONCENTRATION AND RISK
  Major Customers
  The Company had one customer from which the
  Company generated 79% and 100% revenues during the quarters ended March 31, 2013 and 2012, respectively.
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  Credit risk
  Financial instruments that potentially subject
  the Company to significant concentrations of credit risk consist principally of cash and trade accounts receivable. The Company
  performs ongoing credit evaluations of its customers' financial condition, but does not require collateral to support such receivables.
  As of March 31, 2013 and December 31, 2012,
  substantially all of the Company's cash and cash equivalents were held by financial institutions located in Brazil, which
  the Company's management believes are of high credit quality.
  The Company's operations are carried
  out in Brazil. Accordingly, the Company's business, financial condition and results of operations may be influenced by the
  political, economic and legal environment in Brazil and by the general state of the local economy. The Company's operations
  in Brazil are subject to specific considerations and significant risks not typically associated with companies in North America
  and Western Europe. The Company's results may be affected by changes in governmental policies with respect to laws and regulations,
  anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.
  In addition, the Company
  is subject to risks common to companies in its industry, including, but not limited to, litigation, development of new technological
  innovations and dependence on key personnel.
  NOTE 13	SEGMENTS
  The Company determined that it do not operate
  in any material, separately reportable operating segments as of March 31, 2013 and December 31, 2012.
  NOTE 14	SUBSEQUENT
  EVENTS
  In accordance with ASC Topic 855-10, the Company
  has analyzed its operations subsequent to March 31, 2013 to the date these consolidated financial statements were issued. In addition
  to the transactions disclosed below, the Company does not have other material subsequent events to disclose in these financial
  statements, except as follows:
  On May 16, 2013, pursuant to the Merger Agreement,
  the Company filed a certificate of amendment (the "Amendment") with the state of Delaware, changing the name of the
  Company to Brazil Interactive Media, Inc., effecting a reverse merger at a ratio of 8,484 to one, and decreasing the Company's
  authorized capital from 5,000,000,000 shares of common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par
  value $0.01, to 100,000,000 shares of common stock, par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.
  In accordance with the Merger Agreement, all
  shares of Series C Convertible Preferred Stock and all shares of Series E Convertible Preferred Stock were converted to Common
  Stock prior to the reverse split effective date the date of the filing of the Amendment on May 16, 2013, and all shares of issued
  and outstanding Series G Convertible Preferred Stock were automatically converted to Common Stock on May 20, 2013, two business
  days after the Amendment effective date of May 16, 2013. As a result, the total issued and outstanding Common Stock of the Company
  as of May 20, 2013 is 40,000,000 shares. Total issued and outstanding preferred stock consists of 2,500 shares of Series H Convertible
  Preferred Stock.
  Subsequent to the merger and associated events
  as described above, the former Brazil Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding
  Common Stock of the Company and the remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied
  for a new stock symbol that more appropriately reflects the new name of the Company.
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  Item 2. Management's Discussion and Analysis of Financial
  Condition and Results of Operations
  Forward-looking Statements
  Statements in this report may be "forward-looking
  statements." Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs,
  expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions.
  These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions
  made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions
  that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed
  or forecasted in the forward-looking statements due to numerous factors, including those described above and those risks discussed
  from time to time in this report, including the risks described under "Risk Factors" in our Form 8-K filed March 21,
  2013 and any risks described in any other filings we make with the SEC. Any forward-looking statements speak only as of the date
  on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances
  after the date of this report.
  Our discussion and analysis of our
  financial condition and results of operations are based upon our financial statements, which have been prepared in accordance
  with accounting principles generally accepted in the United States. The preparation of these financial statements requires us
  to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an
  on-going basis, we evaluate these estimates, including those related to useful lives of real estate assets, cost
  reimbursement income, bad debts, impairment, net lease intangibles, contingencies and litigation. We base our estimates on
  historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the
  results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily
  apparent from other sources. There can be no assurance that actual results will not differ from those estimates.
  Corporate History of Brazil Interactive Media
  Brazil Interactive Media, Inc., a Delaware
  corporation formed on September 24, 2001 under the name of Naturewell, Incorporated, is a public company quoted on the Over-the-Counter
  "Pink Sheets" under the symbol "NAWL." The Company was formerly engaged in the research and development of
  healthcare products intended for a variety of conditions. On May 9, 2008, the Company completed the sale of essentially all of
  its assets. As a result of the sale of its assets, the Company became a shell company as defined under Rule 12b-2 of the Exchange
  Act.
  BIMI, Inc., a corporation organized under
  the laws of Delaware on September 11, 2012 under the name of Brazil Interactive Media, Inc., is the parent of Brazil Interactive
  Media Participações, Ltda., a Brazilian holding company, which through its wholly-owned subsidiary EsoTV Brasil
  Promoção Publicidade Licenciamento e Comércio Ltda. ("EsoTV"), combines live television broadcasts
  with a telecommunications component to create live, interactive television programming for the Brazilian viewing public. Brazil
  Interactive Media, Brazil Interactive Media Participações, Ltda. and EsoTV shall be collectively referred to herein
  as "Brazil Interactive Media". Brazil Interactive Media's Brazilian subsidiary, EsoTV, was founded and commenced
  operations in 2008. There is no relationship whatsoever between the Company nor any of its subsidiaries with the website US.Eso.TV.
  On March 13, 2013, the Company entered into
  an Agreement and Plan of Merger (the "Merger Agreement"), by which Naturewell, Incorporated became the ultimate parent
  company of Brazil Interactive Media, Inc. With the effectiveness of the merger, Brazil Interactive Media, Inc. changed its name
  to "BIMI, Inc." On May 16, 2013, pursuant to the Merger Agreement, the Company filed a certificate of amendment (the
  "Amendment") with the state of Delaware, changing the name of the Company to Brazil Interactive Media, Inc., effecting
  a reverse merger at a ratio of 8,484 to one, and decreasing the Company's authorized capital from 5,000,000,000 shares of
  common stock, par value $0.00001, and 15,000,000 shares of preferred stock, par value $0.01, to 100,000,000 shares of common stock,
  par value $0.0001, and 5,000,000 shares of preferred stock, par value $0.01.
  Subsequent to the merger, the former Brazil
  Interactive Media Shareholders now hold approximately 93.5% of the issued and outstanding Common Stock of the Company and the
  remaining 6.5% is owned by the Company's pre-merger shareholders. The Company has applied for a new stock symbol that more appropriately
  reflects the new name of the Company.
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  Current Business of our Company
  As of March 13, 2013, the Company, through
  its wholly-owned subsidiary, Brazil Interactive Media, commenced the business of producing live TV shows with an interactive telephone
  calling component using its own unique and proprietary programs that include quiz shows, games, psychics and live chat formats.
  The Company's program content reaches the nationwide Brazilian television audience via an in-studio satellite signal uplink
  to a variety of Brazilian TV broadcast networks.
  At its facilities in São Paulo,
  Brazil, the Company operates two modern television studios, producing and transmitting via satellite live television content
  to TV stations throughout Brazil. Although the Company currently broadcasts throughout Brazil, and has no plans at this time
  to broadcast to countries outside of Brazil, the Company has the capacity to broadcast the same signal throughout Latin
  America. Through the negotiation and purchase of block television time for strategic times and networks, the Company is able
  to distribute its content directly to its target audience throughout Brazil. Brazil Interactive Media currently leases two
  satellite uplinks and produces three daily live shows, providing 13 hours of live television program content daily. Brazilian
  television viewers participate in the shows in real time via telephone, calling into the Company's voice system to
  participate in the show formats, which, depending on the particular show, could include the chance to respond to a question
  live on the air, or participate in a presenter's conversation with other audience members. Audience participants
  calling in dial telephone numbers belonging to the Company's telecommunications partners. The Company's Brazilian
  telecommunications partners charge audience participants various per-minute rates for the incoming calls and share a portion
  of the revenue with the Company.
  The Company currently broadcasts its programs
  on four Brazilian television channels: MixTV, VTV, Rede Brazil and Terra Viva. The programs may be seen those channels in the
  daytime slot, from 11 am until 2 pm, and in the early morning slot, from 12 am until 3 am. Programming channels and time slots
  vary from time to time as the Company negotiates block media times in advance and introduces new programs periodically in order
  to best reach its target audience. The Company's target audience is members of the Brazilian television viewing public who
  use cellular telephones. Due to the Company's business model, where income flows from third-party telecommunications providers
  who bill the Company's customers directly, the Company does not have access to comprehensive or detailed information regarding
  the Company's customers. However, based on experience of monitoring financial results of the Company's television
  programs, the Company attempts to design its programs to appeal to male and female television viewers of all social classes and
  primarily middle class economic means between the ages of 18 and 50.
  The Company is currently substantially dependent
  upon business with two Brazilian telecommunications partners, Brasil Telecom (operating in Brasil under the brand name "Oi")
  and IP Corp. It is not known what portion of those companies' revenue comes to the Company, and the Company receives 100%
  of the Company's income from these continuing contracts, by which the Company monetizes the sale of the major part of its
  services to the public.
  Results of Operations
  Revenues
  We had revenue of $2,308,005 and $931,681
  for the three months ended March 31, 2013 and 2012, respectively. The growth in our revenues can be attributed to increased air
  time due to a variety of TV shows and increased volume of telecom calls due to audience participation.
  Cost of Revenues
  Cost of revenues recorded at $1,522,326 and
  $743,041 during the three months ended March 31, 2013 and 2012, respectively. Cost of revenues consists primarily of cost of media
  time, TV crew contractors and prize payouts. The increase in the cost of goods sold is attributed to increase in subcontractors
  and cost of media time as the volume of air time has increased due to the variety of TV shows, increase in prize payouts and increase
  in subcontractor services.
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  Operating Expenses
  We had operating expenses of $735,706 and
  $98,696 for the three months ended March 31, 2013 and 2012, respectively. The expenses were mainly composed of TV studio rent
  and maintenance costs, depreciation of equipment, subcontractor costs, legal and professional fees, security and traveling expenses.
  The increase in operating expenses is a result of the growth in revenues from the various TV shows run by the company.
  Net Income
  We had net income of $3,557 and a loss of
  $9,505 for the three months ended March 31, 2013 and 2012, respectively, due to sufficient gross profit to cover our operating
  expenses.
  Liquidity and Capital Resources
  Cash flows provided by operating
  activities were $327,229 for the three months ended March 31, 2013 and cash used in operating activities was $189,782 the
  three months ended March 31, 2012. The $327,229 cash provided from operating activities, during the three months ended March
  31, 2013 were due primarily to the capitalization of debt to preferred and common stock as part of the company's
  reverse merger agreement, and increase in vendor payables, as the company was able to establish new payment terms with
  vendors. In addition, the company was able to negotiate a long term financing arrangement with the Brazilian tax authority in
  an effort to pay down its corporate tax liability. However, these positive cash flow variances were offset by an increase in
  our customer receivables as our billing volume increased dramatically. The cash used in operating activities for the three
  months ended March 31, 2012 was due primarily to an increase in prepayments for media costs. However, this variance was
  offset by a decrease in customer receivables due to collection efforts and also due to an increase in our corporate
  tax liability for the period.
  Cash flows used in investing activities were
  $37,741 and $3,894 during the three months ended March 31, 2013 and 2012, respectively. This was mainly attributed to the purchase
  of TV studio equipment during both periods.
  Cash flows used by financing activities
  were $11,245 for the three months ended March 31, 2013 and cash used by financing activities were $5,636 for the three months
  ended March 31, 2012. For the three months ended March 31, 2013, the cash flow used by financing activities was attributed
  mainly to the repayment of bank loan and tax installment.
  For the three months ended March 31, 2012,
  cash flows used by financing activities were mainly due to repayment of bank loans for the period in the amount of $21,467, which
  was offset by proceeds from additional bank loans in the amount of $15,831.
  Capital Expenditures
  Overall, we have funded our cash needs from
  inception through March 31, 2013 with a series of debt and equity transactions, primarily with related parties. If we are unable
  to receive additional cash from our related parties, we may need to rely on financing from outside sources through debt or equity
  transactions. Our related parties are under no legal obligation to provide us with capital infusions. Failure to obtain such financing
  could have a material adverse effect on our operations and financial condition.
  We had cash of $506,963 on hand as of March
  31, 2013. Currently, we have enough cash to fund our operations for the next 6 months. This is based on current positive cash
  flows from operation and potential funding from investor capital groups. Modifications to our business plans may require
  additional capital for us to operate. For example, if we are unable to raise additional capital in the future, this could affect
  our ability to purchase media in advance and at a discount. This may result in lower revenues and market share for us. In addition,
  there can be no assurance that additional capital will be available to us when needed or available on terms favorable to us.
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  On a long-term basis, liquidity is dependent
  on continuation and expansion of operations, receipt of revenues, and additional infusions of capital and debt financing. Our
  current capital and revenues are insufficient to fund such expansion. If we choose to launch such an expansion campaign, we will
  require substantially more capital. However, there can be no assurance that we will be able to obtain additional equity or debt
  financing in the future, if at all. If we are unable to raise additional capital, our growth potential will be adversely affected
  and we will have to significantly modify our plans.
  Our success will be dependent upon implementing
  our plan of operations and the risks associated with our business plans. Our strategy is to purchase TV media in advance and discounted
  prices which also affects our gross profit. We plan to strengthen our position in our market.
  Off-balance sheet arrangements
  The Company does not have any off-balance
  sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.
  Competition
  The Company is unaware of any direct competition with the Company's
  products or services in the Brazilian market.
  Intellectual Property
  In order to protect its proprietary television program formats
  and designs, the Company has applied for several trademarks with the Brazilian patent and trademark office.
  Customer Base
  The Company's principal customers are members of the Brazilian
  television viewing public who use cellular telephones. Due to the Company's business model, where income flows from third-party
  telecommunications providers who bill the Company's customers directly, the Company does not have access to comprehensive
  or detailed information regarding the Company's customers. However, based on experience of monitoring financial results
  of the Company's television programs, the Company attempts to design its programs to appeal to male and female television
  viewers of all social classes and primarily middle class economic means between the ages of 18 and 50.
  Employees
  The Company contracts with thirty-six independent
  technical television engineers, television production staff, financial staff, and clerical and administrative support persons
  on an on-going as-needed basis. The majority of our third-party contractors are members of a Brazilian television industry labor
  union, in accordance with Brazilian law. There are no employment agreements.
  Facilities
  The Company does not own any real estate.
  The Company leases its principal office in the U.S.A. at 801 Brickell Avenue, Suite 901, Miami, Florida 33131. The Company's
  subsidiary in Brazil leases approximately 25,000 square feet of offices and television studios in the city of São Paulo,
  Brazil. Current monthly rent in Miami is $220 and in Brazil is $10,000.
  The Company has no plans to acquire
  any property in the immediate future. The Company believes that its current facilities are adequate for its needs through the
  next twelve months, and that, should it be needed, suitable additional space will be available to accommodate expansion of the
  Company's operations.
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  This Outlook
  section, and other portions of this document, include certain "forward-looking statements" within the meaning of that
  term in Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including, among others,
  those statements preceded by, following or including the words "believe," "expect," "intend,"
  "anticipate" or similar expressions. These forward-looking statements are based largely on the current expectations
  of management and are subject to a number of assumptions, risks and uncertainties. Our actual results could differ materially
  from these forward-looking statements. Important factors to consider in evaluating such forward-looking statements include those
  discussed in our Form 8K filed March 21, 2013 as well as:
  Our success depends on our management team,
  the loss of any of whom could disrupt our business operations.
  We believe that our continued success will
  depend to a significant extent upon the efforts and abilities of our management team, particularly our CEO, Themistocles Psomiadis,
  and our CFO, Jesus Quintero.  We cannot ensure that we will be able to retain the services of such officers and our
  failure to retain them could adversely affect our operations.  We do not currently have employment agreements executed
  with these two executives but anticipate entering into such agreements definitively in the near future. Further, we do not currently
  carry key-man life insurance on any of our executive officers.
  Investors may have limited recourse against
  the majority owner, who is a resident of Brazil.
  The Company's operating subsidiary is
  located in Brazil, and the principal majority owner of the company is a foreign national and resident of Brazil. As a result,
  investors may have limited legal recourse against them in the United States.
  If our products and services do not achieve
  market acceptance, our business will be materially and adversely affected.
  Our success will depend upon widespread market
  acceptance of our product and any future products and services which we may offer.  There can be no assurance as to
  the overall acceptance by our targeted customers of the product and services that we offer. There can be no assurance that the
  market for these products and/or services will develop or be sustained.
  We may not be able to manage our growth effectively.
  The expansion necessary for us to fully exploit
  the market for our products and services requires an effective planning and management process.  Growth, if it occurs,
  will likely place a significant strain on our managerial, operational and financial resources.  To manage our growth,
  we must implement and improve our operational system and expand, train and manage our employee base.  There can be no
  assurance that our systems, procedures or controls will be adequate to support operations or that management will be able to achieve
  the expansion necessary to fully exploit the market for our products and services, and the failure to do so would have a material
  adverse effect on our business, operations and financial condition.
  We could be materially adversely affected
  by changes or imbalances in foreign currency exchange and other rates.
  Given the location of our business in the
  country of Brazil, we have significant exposures to risks related to changes in foreign currency exchange rates, and interest
  rates, which can have material adverse effects on our business. For example, significant strengthening of the Brazilian Real relative
  to the U.S. dollar would affect the profitability of our U.S. parent company. In addition, in preparing our consolidated financial
  statements, we translate our revenues and expenses outside the U.S. into U.S. Dollars using the average foreign currency exchange
  rate for the period and the assets and liabilities using the foreign currency exchange rate at the balance sheet date. As a result,
  foreign currency fluctuations and the associated translations could have a material adverse effect on our results of operations.
  Our business outside the U.S. exposes us to
  additional risks that may materially adversely affect our business.
  Our business income is generated outside the
  U.S. We are pursuing growth opportunities for our business in the Federal Republic of Brazil. Operating in a foreign country exposes
  us to political, economic, and other risks, as well as multiple foreign regulatory requirements that are subject to change, including:
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  •
  Economic downturns in foreign countries or geographic regions where we have significant
  operations, such as Brazil;
  •
  Economic tensions between governments and changes in international trade and investment
  policies, including imposing restrictions on the repatriation of dividends, especially between the United States and Brazil;
  •
  Foreign regulations restricting our ability to market our products in those countries;
  •
  Differing labor regulations and union relationships;
  •
  Consequences from changes in tax laws;
  •
  Difficulties in obtaining financing in foreign countries for local operations; and
  •
  Political and economic instability, natural calamities, war, and terrorism.
  The effects of these risks may, individually
  or in the aggregate, materially adversely affect our business.
  We may not be able to obtain sufficient capital
  and may be forced to limit the scope of our operations or discontinue operations.
  If adequate additional financing is not available
  when needed, we may not be able to undertake any planned operational expansions and as a result, we may have to modify our business
  plans accordingly, or may be required to discontinue our business operations. There is no assurance that additional financing
  will be available to us when needed, or if made available, that such will be on terms favorable to us.  Further, any
  future capital investments could dilute or otherwise materially and adversely affect the holdings or rights of our existing shareholders.
  In addition, new equity or convertible debt securities issued by us to obtain financing could have rights, preferences and privileges
  senior to those granted to existing shareholders.
  In light of these risks and uncertainties,
  there can be no assurance that the events contemplated by the forward-looking statements contained in this Form 10-Q will in fact
  occur.
  Item 3. Quantitative & Qualitative Disclosures about Market
  Risks
  Not applicable.
  Item 4. Controls and Procedures
  Our Chief Executive Officer and Chief Financial Officer (the "Certifying
  Officers") are responsible for establishing and maintaining disclosure controls and procedures for the Company.  The
  Certifying Officers have designed such disclosure controls and procedures to ensure that material information is made known to
  them, particularly during the period in which this Report was prepared.
  Evaluation of Controls and Procedures
  We maintain disclosure controls and procedures that are designed
  to ensure that information required to be disclosed in our Securities Exchange Act reports is recorded, processed, summarized
  and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated
  to our management, including our chief executive and financial officer, to allow timely decisions regarding required disclosure.
  In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no
  matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours
  are designed to do, and management necessarily was required to apply its judgment in evaluating the cost- benefit relationship
  of possible controls and procedures.
  As of March 31, 2013, an evaluation was performed under the supervision
  and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness
  of the design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer
  and Principal Financial Officer concluded that our disclosure controls and procedures were effective.
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  Changes in Internal Controls
  There have been changes in the Company's internal controls over
  financial reporting that occurred during the Company's last fiscal quarter to which this report relates that have materially affected,
  or are reasonably likely to materially affect, the Company's internal control over financial reporting.
  The Company increased its internal controls regarding its Brazilian
  subsidiary, to improve financial reporting, translation of financial statements from Brazilian GAAP to U.S. GAAP, and provide
  greater oversight over financial reporting throughout the Company.
  Limitations on the Effectiveness of Controls
  A control system, no matter how well conceived
  and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because
  of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control
  issues and instances of fraud, if any, within a company have been detected. The Company's disclosure controls and procedures are
  designed to provide reasonable assurance of achieving its objectives. The Company's chief executive officer and chief financial
  officer concluded that the Company's disclosure controls and procedures are effective at that reasonable assurance level.
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  Part II Other Information
  Item 1. Legal Proceedings
  The Company is not currently a party to
  any pending legal proceedings.
  Item 1A Risk Factors
  Not required.
  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds:
  On March 22, 2013, the Company entered into Stock Purchase Agreements (individually the "Purchase Agreement" and
  collectively the "Purchase Agreements") with Dutchess Global Strategies Fund LLC, a New York limited liability company
  ("Dutchess Global"), and Dutchess Opportunity Fund II LP, a Delaware limited partnership ("Dutchess Opportunity",
  and with Dutchess Global, collectively the "Dutchess Funds" or the "Purchasers"). The Purchase Agreements
  provided for the purchase by the Dutchess Funds of an aggregate of 2,500 shares of the Company's Series H Convertible Preferred
  Stock, par value $0.01 per share (the "Preferred Shares"), at a purchase price of $100.00 per share (the "Offering").
  The Preferred Shares may be convertible into the Company's Common Stock, at the sole option of the holder, at a conversion
  price of $0.30 per share. In addition to the Preferred Shares, the Company also agreed to issue to the Dutchess Funds five-year
  warrants to purchase, in the aggregate, 208,334 shares of the Company's Common Stock at an exercise prices of $0.60 per share
  (the "Warrants"). The Offering consists of the Company's Series H Convertible Preferred Stock, par value $0.01
  per share, with 30,000 shares authorized, the terms of which are defined pursuant to the certificate of designations filed with
  the state of Delaware Division of Corporations.
  The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act")
  for the private placement of these securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder
  since, among other things, the transaction does not involve a public offering, the Investor is an "accredited investor"
  and/or qualified institutional buyer, the Investor has access to information about the Company and its investment, the Investor
  will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer
  of the securities.
  Item 3. Defaults upon Senior Securities:
  None.
  Item 5. Other Information:
  None.
  Item 6. Exhibits
  31.1 (2)
  Certification
      of Chief Executive Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002.
  31.2 (2)
  Certification of Vice President of Finance and
      Principal Financial Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002.
  32.1(2)
  Certification of Chief Executive Officer Pursuant
      to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of 2002.
  32.2 (2)
  Certification of Vice President of Finance and
      Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of
      2002.
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  Signatures
  Pursuant to the requirements of the Securities Exchange Act of
  1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  BRAZIL
      INTERACTIVE MEDIA, INC.
  (Registrant)
  Dated:
      May 20, 2013
  By
  /s/ Themistocles Psomiadis
  Themistocles Psomiadis, Chief Executive Officer
      (Principal Executive Officer)
  Dated: May 20,
      2013
  By
  /s/ Jesus Quintero
  Jesus Quintero
  Chief Financial Officer (Principal Financial Officer)
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