STOCKHOLDER'S DEFICIT	12 Months Ended
	May 31, 2012
STOCKHOLDER'S DEFICIT
STOCKHOLDER'S DEFICIT	NOTE 10 - STOCKHOLDER'S DEFICIT                                      Stock Issued        Cash      Stock Issued                                      for Cash        Received     for Assets                                      --------        --------     ----------   Twelve months ended May 31, 2012          --              --            --                                       ======          ======        ======   On June 20, 2011, the Company issued 550,660 shares of restricted common stock pursuant to the terms of the agreement entered into with TVA Media Group as discussed in Note 6. The shares were valued at $0.23 per share for a value of $125,000. On June 20, 2011 the Company recorded $125,000 in prepaid expense related to the shares issued TVA Media Group.   On September 1, 2011, the Company issued 79,545 shares of restricted common stock pursuant to the terms of the agreement entered into with TVA Media Group as discussed in Note 6. The shares were valued at $1.57 per share for a value of $125,000. On September 1, 2011 the Company recorded $125,000 in prepaid expense related to the shares issued TVA Media Group.   On December 15, 2011 the Company issued 75,758 shares of restricted common stock pursuant to the terms of the agreement entered into with TVA Media Group as discussed in Note 6. The shares were valued at $1.65 per share for a value of $125,000. On December 15, 2011 the Company recorded $125,000 in prepaid expense related to the shares issued TVA Media Group.   Pursuant to the Asset Purchase Agreement made effective on March 5, 2012, the agreement with TVA Media is no longer enforceable to the Company and the value in prepaid expense was removed as sold.   On June 15, 2011, Peter Gordon was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $22,000, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $10,186.   On August 1, 2011, Jordan Silverstein was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $150,000, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $50,137.   On August 8, 2011, Anthony Gebbia was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $170,000, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $53,562.   On September 1, 2011, William Seery was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $140,000, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $115,721.   On September 1, 2011, William Seery was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $140,000, which will not be earned and delivered until six months of service has elapsed under the agreement. As of February 29, 2012, the shares have fully vested and the Company has recorded common stock payable. On March 1, 2012, the Company issued 100,000 common shares for a value of $140,000 or $1.40 per share.   On September 1, 2011, Joseph Mediate was entitled to 25,000 shares of the Company's common stock as a signing bonus, valued at $38,750, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $9,661.   On October 2, 2011, Jim Hartley was entitled to 100,000 shares of the Company's common stock as a signing bonus, valued at $165,000, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $26,301.   On October 31, 2011, Bruce Hopp was entitled to 25,000 shares of the Company's common stock as a signing bonus, valued at $42,250, which will not be earned and delivered until one full year of service has elapsed under the agreement. Under ASC 718 "Stock Compensation" the Company has expensed the proportionate value of the stock compensation as of November 30, 2011 with an offset to Additional-Paid-in-Capital for $3,588.   On January 9, 2012, the Company issued 100,000 shares to each of its directors, Mary Beck, Paul Mangiamele, and Robert Greenway. The shares were valued at $165,000 or $1.65 per share.   On March 5, 2012, 9,771,500 shares of the Company's common stock were returned to treasury as consideration for the purchase of the assets of The Golf Championships. The transaction was valued at book value and the result was additional capital contributed in excess of net assets sold in the amount of $754,609.   On March 5, 2012, 50,000 shares of the Company's preferred series A shares were returned to treasury as consideration for the purchase of the assets of The Golf Championships.   On April 1, 2012, the Company entered into consulting agreements with seven consultants. In consideration for services, the Company issued 160,000 shares of unrestricted common stock pursuant to the S-8 registration statement filed with the commission on May 1, 2012. The aggregate value of the stock issued was $244,800 or $1.53 per share.   On May 9, 2012, the Company entered into a consulting agreement. In consideration for services, the Company issued 100,000 shares of unrestricted common stock pursuant to the S-8 registration statement filed with the commission on May 1, 2012. The aggregate value of the stock issued was $275,000 or $2.75 per share.   On May 24, 2012, the Company entered into a consulting agreement. In consideration for services, the Company issued 150,000 shares of unrestricted common stock pursuant to the S-8 registration statement filed with the commission on May 1, 2012. The aggregate value of the stock issued was $424,500 or $2.83 per share.   On May 30, 2012, the Company entered into a consulting agreement. In consideration for services, the Company issued 800,000 shares of unrestricted common stock pursuant to the S-8 registration statement filed with the commission on May 1, 2012. The aggregate value of the stock issued was $2,320,000 or $2.90 per share.   As of May 31, 2012 and 2011, there were no warrants or options outstanding to acquire any additional shares of common stock.