UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

      Date of Report (date of earliest event reported): September 27, 2005


                                   ONTV, INC.
             (Exact name of Registrant as specified in its charter)


     Delaware                       0-29249                      16-1499611
--------------------           ------------------           ------------------
(State or other jurisdiction  (Commission File No.)           (IRS Employer
of incorporation)                                            Identification No.)


                2444 Innovation Way, Bldg 10, Rochester, NY 14624
     ----------------------------------------------------------------------
          (Address of principal executive offices, including Zip Code)


Registrant's telephone number, including area code:    (585) 295-8601
                                                       --------------

                                       N/A
                 ----------------------------------------- ----
          (Former name or former address if changed since last report)


Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 2.01   Completion of Acquisition or Disposition of Assets

      On September 14, 2005 the Company's shareholders approved the sale of the
Company's subsidiary, Seen On TV, Inc., as well as certain other assets relating
to the Company's business, to the Company's President Daniel M. Fasano, upon the
terms described in the proxy statement sent to the Company's shareholders on
August 12, 2005 and in Exhibit 2 to this 8-K report.

       31,123,729 shares voted in favor of the sale,

       704,501 shares voted against the sale, and

       4,801 shares abstained from voting.


     On September  27, 2005 the sale of Seen On TV, Inc. and the related  assets
was completed.

Item 9.01   Financial Statements and Exhibits

            (a) Not applicable

            (b) Pro-forma financial statements are attached

            (c) The following exhibit is filed with this report:

            Exhibit No.       Description
            -----------       -----------

                  2           Agreement Regarding Sale of Assets (as amended)




<PAGE>


                                   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.


Date: September 27, 2005

                                      ONTV, INC.



                                 By:  /s/ Daniel M. Fasano
                                      ----------------------------------
                                      Daniel M. Fasano, Chief Executive Officer


<PAGE>


                       PRO FORMA CONDENSED FINANCIAL DATA

     The  Unaudited  Pro Forma  Statements  of Operations of the Company for the
year ended June 30, 2004 and for the nine months  ended March 31, 2005 (the "Pro
Forma Statements of  Operations"),  and the Unaudited Pro Forma Balance Sheet of
the Company as of March 31, 2005 (the "Pro Forma  Balance  Sheet" and,  together
with  the  Pro  Forma  Statements  of  Operations,   the  "Pro  Forma  Financial
Statements"),  have been prepared to illustrate the estimated effect of the Seen
On TV, Inc and Subsidiaries disposition ("Seen ONTV Disposition"). The Pro Forma
Financial  Statements do not reflect any anticipated  cost savings from the Seen
ONTV Disposition,  or any synergies that are anticipated to result from the Seen
ONTV  Disposition,  and there can be no assurance  that any such cost savings or
synergies  will occur.  The Pro Forma  Statements of  Operations  give pro forma
effect to the Seen ONTV  Disposition  as if it had occurred on July 1, 2003. The
Pro Forma Balance Sheet gives pro forma effect to the Seen ONTV  Disposition  as
if it had occurred on March 31, 2005. The Pro Forma Financial  Statements do not
purport to be indicative  of the results of operations or financial  position of
the Company that would have  actually been  obtained had such  transaction  been
completed as of the assumed dates and for the period presented,  or which may be
obtained  in  the  future.  The  pro  forma  adjustments  are  described  in the
accompanying  notes  and  are  based  upon  available  information  and  certain
assumptions  that the Company  believes are reasonable.  The Pro Forma Financial
Statements  should  be  read  in  conjunction  with  the  historical   financial
statements  of the  Company and the notes  thereto as reported in the  Company's
annual report on Form 10-KSB and its quarterly reports on Form 10-QSB.

      These pro forma adjustments represent the Company's preliminary
determination of accounting adjustments and are based upon available information
and certain assumptions that the Company believes to be reasonable.
Consequently, the amounts reflected in the Pro Forma Financial Statements are
subject to change, and the final amounts may differ, however, the Company's
management believes that any differences in the amounts reflected will be
immaterial.


<PAGE>


                  Unaudited Pro Forma Statements of Operations
                        For the Year Ended June 30, 2004
--------------------------------------------------------------------------------

                                                       Seen ONTV Disposition
                                                   ----------------------------
<TABLE>
<S>                                    <C>              <C>               <C>          <C>

                                    Historical      Historical
                                   ONTV, Inc. &    Seen On TV, Inc.    Pro Forma   Pro Forma
                                   Subsidiaries    & Subsidiaries     Adjustments  ONTV, Inc.
                                   ------------   -----------------   -----------  ----------

 Revenues, Net of Returns        $ 3,934,584     $ 3,934,584           $      --    $      --
 Cost of Goods Sold                2,607,950       2,607,950                  --           --

 Gross Profit                      1,326,634       1,326,634                  --           --

 Expenses
   Advertising                       436,168         436,168                  --           --
   Amortization                      214,593         214,593                  --           --
   Depreciation                       14,992          14,992                  --           --
   Interest                            2,026           2,026                  --           --
   Legal and Accounting              154,412         154,312                  --          100
   Payroll and Payroll Taxes         401,865         265,365                  --      136,500
   Other Expenses (Litigation
      Recovery)                      510,230         526,730                  --      (16,500)
                                 -----------      ----------         -----------   ----------
      Total Expenses               1,734,286       1,614,186                  --      120,100
                                 -----------      ----------         -----------   ----------

 Loss Before Other Income and
  (Expenses) and Provision for
  Income Taxes                      (407,652)       (287,552)                 --    (120,100)

 Other Income (Expenses)
 Other Income                          5,147           5,147                  --           --
 Equity in Income of Unconsolidated
   Investments                           360             360                  --           --
 Loss from Impairment of Marketing
  Rights                             (97,906)        (97,906)                 --           --
                                 -----------      ----------         -----------   ----------
 Loss Before Provision for
   Income Taxes                     (500,051)       (379,951)                 --     (120,100)
 Provision for Income Taxes               --              --                  --           --
                                 -----------      ----------         -----------   ----------

 Net Loss                        $  (500,051)    $  (379,951)         $       --    $(120,100)
                                 ============    ============        ===========   ===========

 Weighted Average Number of
   Common Shares Outstanding -
   Basic and Diluted              23,593,361                             127,500(a) 23,720,861
 Net Loss Per Common Share -
   Basic and Diluted             $     (0.02)                                       $    (0.01)
                                =============                                       ===========

</TABLE>


Notes to the  Unaudited  Pro Forma  Statements  of  Operations  for the Year
        Ended June 30, 2004
----------------------------------------------------------------------------

(a) Reflects transfer of ownership of Treasury Stock shares to Seen On TV, Inc.


                                       2

<PAGE>






                  Unaudited Pro Forma Statements of Operations
                    For the Nine Months Ended March 31, 2005
--------------------------------------------------------------------------------
                                            Seen ONTV Disposition
                                           -----------------------
                              Historical   Historical
                                ONTV,       Seen On TV,
                               Inc. &         Inc.       Pro Forma    Pro Forma
                           Subsidiaries&  Subsidiaries  Adjustments   ONTV, Inc.
-------------------------------------------------------------------------------

Revenues, Net of Returns     $4,158,734    $ 4,158,734  $      --   $        --
Cost of Goods Sold            2,682,383      2,682,383         --            --
-------------------------------------------------------------------------------
Gross Profit                  1,476,351      1,476,351         --            --
-------------------------------------------------------------------------------
Expenses
Advertising                     264,390        264,390         --            --
Amortization                    128,855        128,855         --            --
Depreciation                     12,273         12,273         --            --
Interest                          1,883          1,883         --            --
Legal and Accounting             53,949         53,949         --            --
Payroll and Payroll Taxes       366,508        259,486         --       107,022
Other Expenses                  478,734        478,734         --            --
-------------------------------------------------------------------------------
Total Expense                 1,306,592      1,199,570         --       107,022
-------------------------------------------------------------------------------

Income (Loss) Before Other
  Income and Provision for
  Income Taxes                  169,759        276,781         --      (107,022)
Other Income
  Other Income                      219            219         --            --
-------------------------------------------------------------------------------
Income (Loss) Before Provision
 for Income Taxes               169,978        277,000         --      (107,022)
Provision for Income Taxes           --             --         --            --
-------------------------------------------------------------------------------

Net Income (Loss) for
  the Period                  $ 169,978      $ 277,000     $   --    $ (107,022)
===============================================================================

Weighted Average Number of
  Common Shares Outstanding -
  Basic and Diluted          23,593,642                   127,500(a) 23,721,142

Net Income (Loss) Per Common
  Share - Basic and Diluted    $   0.01                             $     (0.00)
===============================================================================


Notes to the  Unaudited Pro Forma  Statements of Operations  for the Nine Months
Ended March 31, 2005
-------------------------------------------------------------------------------

(a) Reflects transfer of ownership of Treasury Stock shares to Seen On TV, Inc.


                                        3
<PAGE>


                        Unaudited Pro Forma Balance Sheet
                              As of March 31, 2005
-------------------------------------------------------------------------------
                                       Seen ONTV Disposition
                              Historical   Historical
                                ONTV,       Seen On TV,
                               Inc. &         Inc.       Pro Forma    Pro Forma
                           Subsidiaries&  Subsidiaries  Adjustments   ONTV, Inc.
-------------------------------------------------------------------------------

 ASSETS
 Current Assets
   Cash and Cash
      Equivalents           $   530,663    $ 530,663    $    --      $       --
   Inventory                    211,571      211,571         --              --
-------------------------------------------------------------------------------
    Total Current Assets        742,234      742,234         --              --

 Property and Equipment - Net of
   Accumulated Depreciation      58,279       58,279         --              --
 Other Assets
   Accounts Receivable -
   Related Party                 37,850       37,850    300,000(a)      300,000
   Deposits                       6,667        6,667         --              --
   Due from Officer              82,193       82,193         --              --
   Intangible Assets -
  Net of Accumulated
    Amortization                280,593      280,593         --              --
     Investment in Affiliates   106,738      106,738         --              --
-------------------------------------------------------------------------------
     Total Assets           $ 1,314,554  $ 1,314,554   $300,000      $  300,000
                            ===========  ===========   ========      ==========

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities
   Accounts Payable and
    Accrued Expenses        $   599,412  $   599,412   $    --      $       --
   Accounts Payable -
     Related Party               39,300       39,300        --              --
   Debt - Due Within One Year     6,516        6,516        --              --
-------------------------------------------------------------------------------
    Total Current Liabilities   645,228      645,228        --              --

 Other Liabilities
   Accrued Expenses -
    Related Party               452,522           --        --         452,522
    Due to (from) Related Party      --      (78,762)       --          78,762
-------------------------------------------------------------------------------
    Total Liabilities         1,097,750      566,466        --         531,284
                              ---------     --------    ------       ---------

Stockholders' Equity
 Common Stock: $0.001 Par
  Value; 100,000,000 Shares
  Authorized; 23,721,861 Pro
  Forma Shares Issued and
  Outstanding                    23,722           --        --          23,722
 Preferred Stock: $0.001 Par
   Value; 5,000,000 Shares
   Authorized; 20,000 Pro
   Forma Shares Issued and
   Outstanding                       20           --        --              20
   Additional Paid-In Capital 1,057,118           --        --       1,057,118
   Retained Earnings
    (Accumulated Deficit)      (844,847)     765,797   748,088 (b)
                                                      (448,088)(c)   (1,310,644)
-------------------------------------------------------------------------------
                                236,013      765,797   300,000         (229,784)
 Less: Stock Held in Trust        1,500           --        --            1,500
           Treasury Stock        17,709       17,709        --               --
                              ---------     --------   -------        ---------
  Total Stockholders' Equity    216,804      748,088   300,000         (231,284)
                              ---------     --------   -------        ---------

 Total Liabilities and
   Stockholders' Equity      $1,314,554   $1,314,554  $300,000        $ 300,000
                            ===========  ===========   ========      ==========

                                        4
<PAGE>


    Notes to the Unaudited Pro Forma Balance Sheet at March 31, 2005

    (a) Reflects unpaid cash purchase price for the assets purchased and
        liabilities assumed of Seen On TV, Inc. and Subsidiaries by Daniel M.
        Fasano.

    (b) Reflects net asset value of the assets purchased and liabilities assumed
        of Seen On TV, Inc. and Subsidiaries by Daniel M. Fasano.

    (c) Reflects estimated loss on sale of net assets of Seen On TV, Inc. and
        Subsidiaries to Daniel M. Fasano.



                                        5

<PAGE>
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{"company-data": {"conformed-name": "ONTV INC", "cik": "0001011550", "assigned-sic": "5990", "irs-number": "161499611", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29249", "film-number": "051105379"}, "business-address": {"street1": "75 BERMAR PARK, SUITE 5", "city": "ROCHESTER", "state": "NY", "zip": "14624", "phone": "7164265394"}, "former-company": {"former-conformed-name": "LA GROUP INC", "date-changed": "20000128"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

      Date of Report (date of earliest event reported): September 27, 2005

                                   ONTV, INC.
             (Exact name of Registrant as specified in its charter)

     Delaware                       0-29249                      16-1499611
--------------------           ------------------           ------------------
(State or other jurisdiction  (Commission File No.)           (IRS Employer
of incorporation)                                            Identification No.)

                2444 Innovation Way, Bldg 10, Rochester, NY 14624
     ----------------------------------------------------------------------
          (Address of principal executive offices, including Zip Code)

Registrant's telephone number, including area code:    (585) 295-8601
                                                       --------------

                                       N/A
                 ----------------------------------------- ----
          (Former name or former address if changed since last report)

Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
    Exchange Act (17 CFR 240.13e-4(c))
Item 2.01   Completion of Acquisition or Disposition of Assets

      On September 14, 2005 the Company's shareholders approved the sale of the
Company's subsidiary, Seen On TV, Inc., as well as certain other assets relating
to the Company's business, to the Company's President Daniel M. Fasano, upon the
terms described in the proxy statement sent to the Company's shareholders on
August 12, 2005 and in Exhibit 2 to this 8-K report.

       31,123,729 shares voted in favor of the sale,

       704,501 shares voted against the sale, and

       4,801 shares abstained from voting.

     On September  27, 2005 the sale of Seen On TV, Inc. and the related  assets
was completed.

Item 9.01   Financial Statements and Exhibits

            (a) Not applicable

            (b) Pro-forma financial statements are attached

            (c) The following exhibit is filed with this report:

            Exhibit No.       Description
            -----------       -----------

                  2           Agreement Regarding Sale of Assets (as amended)
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.

Date: September 27, 2005

                                      ONTV, INC.

                                 By:  /s/ Daniel M. Fasano
                                      ----------------------------------
                                      Daniel M. Fasano, Chief Executive Officer
PRO FORMA CONDENSED FINANCIAL DATA

     The  Unaudited  Pro Forma  Statements  of Operations of the Company for the
year ended June 30, 2004 and for the nine months  ended March 31, 2005 (the "Pro
Forma Statements of  Operations"),  and the Unaudited Pro Forma Balance Sheet of
the Company as of March 31, 2005 (the "Pro Forma  Balance  Sheet" and,  together
with  the  Pro  Forma  Statements  of  Operations,   the  "Pro  Forma  Financial
Statements"),  have been prepared to illustrate the estimated effect of the Seen
On TV, Inc and Subsidiaries disposition ("Seen ONTV Disposition"). The Pro Forma
Financial  Statements do not reflect any anticipated  cost savings from the Seen
ONTV Disposition,  or any synergies that are anticipated to result from the Seen
ONTV  Disposition,  and there can be no assurance  that any such cost savings or
synergies  will occur.  The Pro Forma  Statements of  Operations  give pro forma
effect to the Seen ONTV  Disposition  as if it had occurred on July 1, 2003. The
Pro Forma Balance Sheet gives pro forma effect to the Seen ONTV  Disposition  as
if it had occurred on March 31, 2005. The Pro Forma Financial  Statements do not
purport to be indicative  of the results of operations or financial  position of
the Company that would have  actually been  obtained had such  transaction  been
completed as of the assumed dates and for the period presented,  or which may be
obtained  in  the  future.  The  pro  forma  adjustments  are  described  in the
accompanying  notes  and  are  based  upon  available  information  and  certain
assumptions  that the Company  believes are reasonable.  The Pro Forma Financial
Statements  should  be  read  in  conjunction  with  the  historical   financial
statements  of the  Company and the notes  thereto as reported in the  Company's
annual report on Form 10-KSB and its quarterly reports on Form 10-QSB.

      These pro forma adjustments represent the Company's preliminary
determination of accounting adjustments and are based upon available information
and certain assumptions that the Company believes to be reasonable.
Consequently, the amounts reflected in the Pro Forma Financial Statements are
subject to change, and the final amounts may differ, however, the Company's
management believes that any differences in the amounts reflected will be
immaterial.
Unaudited Pro Forma Statements of Operations
                        For the Year Ended June 30, 2004
--------------------------------------------------------------------------------

                                                       Seen ONTV Disposition
                                                   ----------------------------
Historical      Historical
                                   ONTV, Inc. &    Seen On TV, Inc.    Pro Forma   Pro Forma
                                   Subsidiaries    & Subsidiaries     Adjustments  ONTV, Inc.
                                   ------------   -----------------   -----------  ----------

 Revenues, Net of Returns        $ 3,934,584     $ 3,934,584           $      --    $      --
 Cost of Goods Sold                2,607,950       2,607,950                  --           --

 Gross Profit                      1,326,634       1,326,634                  --           --

 Expenses
   Advertising                       436,168         436,168                  --           --
   Amortization                      214,593         214,593                  --           --
   Depreciation                       14,992          14,992                  --           --
   Interest                            2,026           2,026                  --           --
   Legal and Accounting              154,412         154,312                  --          100
   Payroll and Payroll Taxes         401,865         265,365                  --      136,500
   Other Expenses (Litigation
      Recovery)                      510,230         526,730                  --      (16,500)
                                 -----------      ----------         -----------   ----------
      Total Expenses               1,734,286       1,614,186                  --      120,100
                                 -----------      ----------         -----------   ----------

 Loss Before Other Income and
  (Expenses) and Provision for
  Income Taxes                      (407,652)       (287,552)                 --    (120,100)

 Other Income (Expenses)
 Other Income                          5,147           5,147                  --           --
 Equity in Income of Unconsolidated
   Investments                           360             360                  --           --
 Loss from Impairment of Marketing
  Rights                             (97,906)        (97,906)                 --           --
                                 -----------      ----------         -----------   ----------
 Loss Before Provision for
   Income Taxes                     (500,051)       (379,951)                 --     (120,100)
 Provision for Income Taxes               --              --                  --           --
                                 -----------      ----------         -----------   ----------

 Net Loss                        $  (500,051)    $  (379,951)         $       --    $(120,100)
                                 ============    ============        ===========   ===========

 Weighted Average Number of
   Common Shares Outstanding -
   Basic and Diluted              23,593,361                             127,500(a) 23,720,861
 Net Loss Per Common Share -
   Basic and Diluted             $     (0.02)                                       $    (0.01)
                                =============                                       ===========
Notes to the  Unaudited  Pro Forma  Statements  of  Operations  for the Year
        Ended June 30, 2004
----------------------------------------------------------------------------

(a) Reflects transfer of ownership of Treasury Stock shares to Seen On TV, Inc.

                                       2
Unaudited Pro Forma Statements of Operations
                    For the Nine Months Ended March 31, 2005
--------------------------------------------------------------------------------
                                            Seen ONTV Disposition
                                           -----------------------
                              Historical   Historical
                                ONTV,       Seen On TV,
                               Inc. &         Inc.       Pro Forma    Pro Forma
                           Subsidiaries&  Subsidiaries  Adjustments   ONTV, Inc.
-------------------------------------------------------------------------------

Revenues, Net of Returns     $4,158,734    $ 4,158,734  $      --   $        --
Cost of Goods Sold            2,682,383      2,682,383         --            --
-------------------------------------------------------------------------------
Gross Profit                  1,476,351      1,476,351         --            --
-------------------------------------------------------------------------------
Expenses
Advertising                     264,390        264,390         --            --
Amortization                    128,855        128,855         --            --
Depreciation                     12,273         12,273         --            --
Interest                          1,883          1,883         --            --
Legal and Accounting             53,949         53,949         --            --
Payroll and Payroll Taxes       366,508        259,486         --       107,022
Other Expenses                  478,734        478,734         --            --
-------------------------------------------------------------------------------
Total Expense                 1,306,592      1,199,570         --       107,022
-------------------------------------------------------------------------------

Income (Loss) Before Other
  Income and Provision for
  Income Taxes                  169,759        276,781         --      (107,022)
Other Income
  Other Income                      219            219         --            --
-------------------------------------------------------------------------------
Income (Loss) Before Provision
 for Income Taxes               169,978        277,000         --      (107,022)
Provision for Income Taxes           --             --         --            --
-------------------------------------------------------------------------------

Net Income (Loss) for
  the Period                  $ 169,978      $ 277,000     $   --    $ (107,022)
===============================================================================

Weighted Average Number of
  Common Shares Outstanding -
  Basic and Diluted          23,593,642                   127,500(a) 23,721,142

Net Income (Loss) Per Common
  Share - Basic and Diluted    $   0.01                             $     (0.00)
===============================================================================

Notes to the  Unaudited Pro Forma  Statements of Operations  for the Nine Months
Ended March 31, 2005
-------------------------------------------------------------------------------

(a) Reflects transfer of ownership of Treasury Stock shares to Seen On TV, Inc.

                                        3
Unaudited Pro Forma Balance Sheet
                              As of March 31, 2005
-------------------------------------------------------------------------------
                                       Seen ONTV Disposition
                              Historical   Historical
                                ONTV,       Seen On TV,
                               Inc. &         Inc.       Pro Forma    Pro Forma
                           Subsidiaries&  Subsidiaries  Adjustments   ONTV, Inc.
-------------------------------------------------------------------------------

 ASSETS
 Current Assets
   Cash and Cash
      Equivalents           $   530,663    $ 530,663    $    --      $       --
   Inventory                    211,571      211,571         --              --
-------------------------------------------------------------------------------
    Total Current Assets        742,234      742,234         --              --

 Property and Equipment - Net of
   Accumulated Depreciation      58,279       58,279         --              --
 Other Assets
   Accounts Receivable -
   Related Party                 37,850       37,850    300,000(a)      300,000
   Deposits                       6,667        6,667         --              --
   Due from Officer              82,193       82,193         --              --
   Intangible Assets -
  Net of Accumulated
    Amortization                280,593      280,593         --              --
     Investment in Affiliates   106,738      106,738         --              --
-------------------------------------------------------------------------------
     Total Assets           $ 1,314,554  $ 1,314,554   $300,000      $  300,000
                            ===========  ===========   ========      ==========

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities
   Accounts Payable and
    Accrued Expenses        $   599,412  $   599,412   $    --      $       --
   Accounts Payable -
     Related Party               39,300       39,300        --              --
   Debt - Due Within One Year     6,516        6,516        --              --
-------------------------------------------------------------------------------
    Total Current Liabilities   645,228      645,228        --              --

 Other Liabilities
   Accrued Expenses -
    Related Party               452,522           --        --         452,522
    Due to (from) Related Party      --      (78,762)       --          78,762
-------------------------------------------------------------------------------
    Total Liabilities         1,097,750      566,466        --         531,284
                              ---------     --------    ------       ---------

Stockholders' Equity
 Common Stock: $0.001 Par
  Value; 100,000,000 Shares
  Authorized; 23,721,861 Pro
  Forma Shares Issued and
  Outstanding                    23,722           --        --          23,722
 Preferred Stock: $0.001 Par
   Value; 5,000,000 Shares
   Authorized; 20,000 Pro
   Forma Shares Issued and
   Outstanding                       20           --        --              20
   Additional Paid-In Capital 1,057,118           --        --       1,057,118
   Retained Earnings
    (Accumulated Deficit)      (844,847)     765,797   748,088 (b)
                                                      (448,088)(c)   (1,310,644)
-------------------------------------------------------------------------------
                                236,013      765,797   300,000         (229,784)
 Less: Stock Held in Trust        1,500           --        --            1,500
           Treasury Stock        17,709       17,709        --               --
                              ---------     --------   -------        ---------
  Total Stockholders' Equity    216,804      748,088   300,000         (231,284)
                              ---------     --------   -------        ---------

 Total Liabilities and
   Stockholders' Equity      $1,314,554   $1,314,554  $300,000        $ 300,000
                            ===========  ===========   ========      ==========

                                        4
Notes to the Unaudited Pro Forma Balance Sheet at March 31, 2005

    (a) Reflects unpaid cash purchase price for the assets purchased and
        liabilities assumed of Seen On TV, Inc. and Subsidiaries by Daniel M.
        Fasano.

    (b) Reflects net asset value of the assets purchased and liabilities assumed
        of Seen On TV, Inc. and Subsidiaries by Daniel M. Fasano.

    (c) Reflects estimated loss on sale of net assets of Seen On TV, Inc. and
        Subsidiaries to Daniel M. Fasano.

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