Idle Media Inc (IDLM)

[hokiefan95]

Idle Media, Inc. (PINKSHEETS: IDLM) -- On March 8, 2012, the Company filed a Current Report on Form 8-K announcing that the Board of Directors resolved to cease voluntary reporting in lieu of filing audited financial statements and that the Company has filed a Form 15 with the SEC. The Form 15 will be the Company's last SEC filing until the Company files the Form 10 to commence filing SEC reports. The Company intends to file the Form 10 and the accompanying audited financial statements after completion of the audits for the fiscal years ended September 30, 2010 and 2011.

Additionally, the Company intends to submit a Form 2-11 with a Market Maker for purposes of sponsoring its quotation on the Financial Industry Regulatory Authority (FINRA) - OTC Markets QB (OTCQB). The Company intends to file its Form 2-11 after the filing of the Form 10. Upon receipt of comments from FINRA, and submission of the Company's responses, FINRA may include the Company's symbol for quotation on the OTCQB.