SC 13D 1 ea-medford13d5_22.htm SCHEDULE 13-D ea-medford13d5_22.htm
 



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

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment____)

ENTERTAINMENT ART, INC.
(Name of Issuer)

Shares of Common Stock, $0.0001 Par Value
(Title of Class of Securities)

David Lubin & Associates, PLLC
5 North Village Avenue
2nd Floor
Rockville Center, New York 11570
Telephone: (516) 887-8200
Facsimile: (516) 887-8250
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

May 1, 2009
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [  ].

* 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 disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 


1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Medford Financial Ltd
 
 
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [__]     (b) [__]
 
 
3. SEC Use Only
 
 
4. Source of Funds (See Instructions)
WC
 
 
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
 
6. Citizenship or Place of Organization:
Belize
 
 
 
 
 
Number of
Shares Beneficially
Owned By Each
Reporting
Person
 
 
7. Sole Voting Power
1,200,000
 
8. Shared Voting Power
-0-
 
9. Sole Dispositive Power
1,200,000
 
10. Shared Dispositive Power
-0-
 
 
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,200,000 shares of common stock
 
 
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
 
 
13. Percent of Class Represented by Amount in Row (11)
66.3% of the issued and outstanding shares of common stock*
 
 
14. Type of Reporting Person (See Instructions)
IV
 
 
* Based 1,810,000 shares of the Issuer’s common stock outstanding as of May 22, 2009.
 

 
 

Item 1.                      Security and Issuer

This statement relates to the common stock $0.0001 par value, of Entertainment Art, Inc., a Nevada Corporation (the “Issuer"). The principal offices of the Issuer are currently located at 571 Washington Street, West Hempstead, NY 11552.

Item 2.                      Identity and Background

(a)  The name of the person filing this statement: Medford Financial Ltd (the "Reporting Person").

(b)  The residence or business address of the Reporting Person is: 35 Barack Road, Belize City, Belize

(c)  The Reporting Person is an investment company.  The name, principal business, and address of the organization in which such activity is conducted are as follows: Medford Financial Ltd., 35 Barack Road, Belize City, Belize.

(d)  During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)  During the last five years, the Reporting Person was not a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and is not subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)  The reporting person is a limited company organized under the laws of Belize.

Item 3.                      Source and Amount of Funds or Other Consideration

The purchase price of $120,000 paid by the Reporting Person to Joseph Koegel, Ian Beiss and David Lubin for the purchase of 1,200,000 shares of common stock of the Issuer on May 1, 2009, was made from the Reporting Person’s working capital.

Item 4.                      Purpose of Transaction

Pursuant to a Stock Purchase Agreement dated May 1, 2009, by and between the Reporting Person, Joseph Koegel, Ian Beiss and David Lubin the Reporting Person purchased 1,200,000 shares of the common stock of the Issuer.  As a result of such transaction, the Reporting Person acquired a controlling interest of 66.3% of the issued and outstanding share capital of the Issuer.  Such purchase was made for investment purposes.


Item 5.                      Interest in Securities of the Issuer

(a)  The Issuer has 1,810,000 issued and outstanding shares of common stock.  The Reporting Person owns 1,200,000 shares (representing 66.3%) of the issued and outstanding common stock of the Issuer.

(b)  The Reporting Person has the sole power to vote or direct the vote and the sole power to dispose or direct the disposition of all of the shares reported above in this Item 5.

(c)  Other than the acquisition of the shares reported herein, the Reporting Person has not effected any transactions in the shares of the Issuer during the past 60 days.

(d)  No person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares reported above in this Item 5.

(e)  Not applicable.

Item 6.                      Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Stock Purchase Agreement dated May 1, 2009, by and between Medford Financial, Ltd., Joseph Koegel, Ian Beiss and David Lubin.

Item 7.                      Material to Be Filed as Exhibits

Stock Purchase Agreement dated May 1, 2009, by and between Medford Financial, Joseph Koegel, Ian Beiss and David Lubin.
 
 

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.

Date:  May 22, 2009

   
PURCHASER:  MEDFORD FINANCIAL LTD.
     
   
By:
/s/ Miguel De La Rosa
   
Name:
Miguel De La Rosa 
   
Title:
Secretary


Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).