UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10KSB
NOTIFICATION OF LATE FILING
(CHECK ONE):/X/Form 10-KSB / /Form 20-F / /Form 11-K / /Form 10-Q / /Form N-
SAR
For Period Ended: July 31, 1998
_____________________________________________________________________________
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
_____________________________________________________________________________
PART 1 - REGISTRANT INFORMATION
GLOBAL MEDIA CORP.
__________________________________________
(Exact name of Registrant as specified in its charter)
83 Victoria Crescent
Nanaimo, B.C., Canada V9R 5B9
____________________________________
(Address of Principal Offices)
<PAGE>
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
/X/ (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
/ / (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule
12B-25( ) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
This filing could not be completed in a more timely manner due to incomplete
financial statements. This is a result of both Canadian and United States
taxation issues which must be addressed in the Registrant's financial
statement. The Company intends to file its completed Form 10-KSB for the
year ended July 31, 1998 within 30 days of this date.
<PAGE>
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Michael Metcalfe (250) 716-9949
______________________ ___________ __________________
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 80 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the Registrant was required to file such report(s) been
filed? If answer is no, identify report(s). /X/Yes / /No
_____________________________________________________________________________
(3) Is it anticipated that any significant change in results of operation
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof? / /Yes /X/No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of results cannot be made:
_____________________________________________________________________________
Global Media Corporation
__________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By:/s/ Michael Metcalfe Date: October 28, 1998
__________________ _________________
President and
Chairman of
the Board of Directors
_____________________________ATTENTION_______________________________________
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS. (SEE 18 U.S.C. 1001)
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