-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PNPRyvJ4BRaMvrPLuZ0RcTN8irhk80ZHGpp2r4LJ78B/gE9SV/Woiq1f4GANiUei 1oo7QnM4apWuUUbKpYiuOw== 0000922423-07-001056.txt : 20070817 0000922423-07-001056.hdr.sgml : 20070817 20070817162633 ACCESSION NUMBER: 0000922423-07-001056 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070817 DATE AS OF CHANGE: 20070817 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Media & Entertainment Holdings, Inc. CENTRAL INDEX KEY: 0001337749 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82741 FILM NUMBER: 071065491 BUSINESS ADDRESS: STREET 1: 4429 EDMONDSON AVENUE CITY: DALLAS STATE: TX ZIP: 75205 BUSINESS PHONE: 214-522-9893 MAIL ADDRESS: STREET 1: 4429 EDMONDSON AVENUE CITY: DALLAS STATE: TX ZIP: 75205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Azimuth Opportunity, Ltd. CENTRAL INDEX KEY: 0001356778 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: NEMOURS CHAMBERS #3170 CITY: ROAD TOWN,TORTOLA STATE: D8 ZIP: #3170 BUSINESS PHONE: 284-494-6046 MAIL ADDRESS: STREET 1: JAMES FRETT BUILDING #761 STREET 2: WICKHAMS CAY 1 CITY: ROAD TOWN, TORTOLA STATE: D8 ZIP: #761 SC 13G 1 kl08073.htm SCHEDULE 13G kl08073.htm

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*


Media & Entertainment Holdings, Inc.
(Name of Issuer)

Common Stock, 0.0001 par value per share
(Title of Class of Securities)

58439W108 (Common Stock)
(CUSIP Number)

August 16, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨  Rule 13d-1(b)

þ  Rule 13d-1(c)

¨  Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 
 

 
 
CUSIP NO. 58439W108                                                                                                            Page 2 of 6
 

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Azimuth Opportunity, Ltd.
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [  ]
(b) [  ]
 
 
3
 
    SEC USE ONLY
 
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
856,500
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
856,500
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
856,500
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                        [ ]
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.0 %
 
12
 
TYPE OF REPORTING PERSON*
 
OO  (An international business company organized under the laws of the British Virgin Islands)
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 

 
 
CUSIP NO. 58439W108                                                                                                            Page 3 of 6
Item 1.

(a)           Name of Issuer:

Media & Entertainment Holdings, Inc.  (the “Company”)

(b)           Address of Issuer's Principal Executive Offices:

230 Park Avenue, Suite 1000
New York, NY 10169

Item 2.

(a)           Name of Person Filing:

Azimuth Opportunity, Ltd.

(b)           Address of Principal Business Office or, if none, Residence:

Azimuth Opportunity, Ltd.
c/o Ogier
Qwomar Complex, 4th Floor
P.O. Box 3170
Road Town, Tortola
British Virgin Islands


(c)           Citizenship:

British Virgin Islands

(d)           Title of Class of Securities:

Common Stock, 0.0001 par value per share (“Common Stock”).

(e)           CUSIP Number:

58439W108 (Common Stock)



 
 

 
 
CUSIP NO. 58439W108                                                                                                            Page 4 of 6

 
Item 3.          If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.          Ownership.

The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)               Amount beneficially owned:

As of the date of this filing, the Reporting Person beneficially owns 856,500 shares of Common Stock.

(b)           Percent of class:

5.0 % of the Company's Common Stock, which percentage was calculated based on a figure of 15,120,000 shares of Common Stock outstanding as of June 30, 2007, as reported in the Company's Current Report on Form 10-Q, dated as of August 14, 2007.

(c)           Number of shares as to which the person has:

(i)           Sole power to vote or to direct the vote: 856,500

(ii)          Shared power to vote or to direct the vote:  0

(iii)         Sole power to dispose or to direct the disposition of: 856,500

(iv)         Shared power to dispose or to direct the disposition of: 0

Item 5.          Ownership of Five Percent or Less of a Class

                      Not applicable.

Item 6.          Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.          Identification and Classification of the Subsidiary Which Acquired the Security     Being Reported on By the Parent Holding Company

Not applicable.

Item 8.          Identification and Classification of Members of the Group

Not applicable.
 
 
 
 

 
 
CUSIP NO. 58439W108                                                                                                            Page 5 of 6

 
Item 9.             Notice of Dissolution of Group

   Not applicable.

Item 10.          Certification

   Certification pursuant to §240.13d-1(c):
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 



 
 

 

CUSIP NO. 58439W108                                                                                                            Page 6 of 6
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  August 16, 2007


AZIMUTH OPPORTUNITY, LTD.


By:  /s/ Deirdre M. McCoy 
       Name: Deirdre M. McCoy
       Title:   Corporate Secretary


 
 
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