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

FORM 10-Q

(Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2011 or

[X ] ~~QUARTERLY~~TRANSITION REPORT ~~PURSUANT~~UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _____________________

For the quarterly period ended December 31, 2010

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________________ to ___________________

Commission File Number 000-54210

CONVENIENCE TV INC.
(Exact name of registrant as specified in its charter)

Nevada	30-0518293
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

248 Main Street, Venice, CA	90291
(Address of principal executive offices)	(Zip Code)

877-943-3210
(Registrant’s telephone number, including area code)

N/A
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
[X] YES [ ] NO

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
[ ] YES [ ] NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]		Accelerated filer [ ]
Non-accelerated filer [ ]	(Do not check if a smaller reporting company)	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act
[ ] YES [X] NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
[ ] YES [ ] NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 56 57,~~070~~760,~~000~~ 141 common shares issued and outstanding as of ~~February~~August 2219, 2011 .

CONVENIENCE TV INC.

FORM 10-Q June ~~December 31~~30, ~~2010 INDEX~~2011

PART I – FINANCIAL INFORMATION		3
Item 1.	Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosure about Market Risk	6
Item 4.	Controls and Procedures	6
PART II – OTHER INFORMATION		7
Item 1.	Legal Proceedings	7
Item 1a.	Risk Factors	7
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	7
Item 3.	Defaults Upon Senior Securities	7
Item 4.	[Removed and Reserved]	7
Item 5.	Other Information	7
Item 6.	Exhibits	8
SIGNATURES		9

INDEX

PART I – FINANCIAL INFORMATION		3

	Item 1. Financial Statements	3

	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	5

	Item 3. Quantitative and Qualitative Disclosure about Market Risk	8

	Item 4. Controls and Procedures	8

PART II – OTHER INFORMATION		8

	Item 1. Legal Proceedings	8

	Item 1A. Risk Factors	8

	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	9

	Item 3. Defaults Upon Senior Securities	9

	Item 4. [Removed and Reserved]	9

	Item 5. Other Information	9

	Item 6. Exhibits	10

SIGNATURES		11

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited consolidated interim financial statements for the ~~nine~~three month period ended ~~December~~June 3130, ~~2010~~2011 form part of this quarterly report. ~~They~~ They are stated in United States Dollars (US$) and are prepared in accordance ~~with~~ with United States generally accepted accounting principles.

~~CONVENIENCE~~3 ~~TV INC. (formerly Costa Rica Paradise Inc.) (A Development Stage Company) December 31, 2010 (Expressed in US dollars) (unaudited)~~

	Index
Consolidated Balance Sheets	F–1
Consolidated Statements of Operations	F–2
Consolidated Statements of Stockholders’ Equity (Deficit)	F–3
Consolidated Statements of Cash Flows	F–4
Notes to the Consolidated Financial Statements	F–5

CONVENIENCE TV INC.
(A Development Stage Company)
June 30, 2011
(Expressed in US dollars)
(unaudited)

CONVENIENCE TV INC. (formerly Costa Rica Paradise Inc.) (A Development Stage Company) Consolidated Balance Sheets (Expressed in US Dollars)

	Index
Consolidated Balance Sheets	F–1
Consolidated Statements of Operations	F–2
Consolidated Statements of Cash Flows	F–3
Notes to the Consolidated Financial Statements	F–4

	December 31,		March 31,
	2010		2010
	$		$
	(unaudited)
ASSETS
Current Assets
Cash	88,838		–
Prepaid expenses	–		8,457
Total Current Assets	88,838		8,457
Property and equipment (Note 3)	49,947		89,078
Total Assets	138,785		97,535
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable	4,575		3,308
Accrued liabilities	362		1,137
Convertible debt, less unamortized discount of $14,573 (Note 5)	40,427		–
Due to Global Fusion Media Inc. (Note 4)	–		388,022
Total Liabilities	45,364		392,467
Nature of Operations and Continuance of Business (Note 1)
Commitment (Note 8)
Stockholders’ Equity (Deficit)
Common Stock Authorized: 100,000,000 common shares, $0.00001 par value Issued and outstanding: 56,070,000 shares (March 31, 2010 – 36,000,000)	561		1
Additional paid-in capital	758,919		–
Deficit accumulated during the development stage	(666,059	)	(294,933	)
Total Stockholders' Equity (Deficit)	93,421		(294,932	)
Total Liabilities and Stockholders' Equity (Deficit)	138,785		97,535

CONVENIENCE TV INC.

(A Development Stage Company)

Consolidated Balance Sheets

(Expressed in US Dollars)

	June 30,		March 31,
	2011		2011
	$		$
	(unaudited)

ASSETS
Current Assets
Cash	18,155		51,518
Due from related party (Note 6)	19,161		19,161
Total Current Assets	37,316		70,679
Property and equipment (Note 3)	25,537		37,140
Deferred financing costs (Note 5)	1,705		3,472
Total Assets	64,558		111,291

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable	19,372		3,324
Accrued liabilities	6,047		2,155
Convertible debt, less unamortized discount of $43,966 (Note 4)	41,534		63,065
Derivative liability (Note 5)	54,222		–
Total Liabilities	121,175		68,544

Going Concern (Note 1)
Subsequent Events (Note 8)

Stockholders’ Equity (Deficit)
Preferred Stock Authorized: 100,000,000 preferred shares, $0.00001 par value Issued and outstanding: nil shares	–		–
Common Stock Authorized: 600,000,000 common shares, $0.00001 par value Issued and outstanding: 57,760,141 shares (March 31, 2011 – 56,070,000)	578		561
Additional paid-in capital	819,819		788,025
Deficit accumulated during the development stage	(877,014	)	(745,839	)
Total Stockholders' Equity (Deficit)	(56,617	)	42,747
Total Liabilities and Stockholders' Equity (Deficit)	64,558		111,291

(The accompanying notes are an integral part of these consolidated financial statements)

F-1

CONVENIENCE TV INC. (~~formerly Costa Rica Paradise Inc.) (~~A Development Stage Company) Consolidated Statements of Operations (Expressed in US Dollars) (unaudited)

									Accumulated From
					Accumulated from
	Three Months		Three Months		Nine Months		Nine Months		March 31, 2008
	Three months		Three months		March 31, 2008
	Ended		Ended		~~Ended~~(date of inception) to		~~Ended~~		~~(date of inception) to~~
	December 31,		December 31,		December 31,		December 31,		December 31,
	June 30,		June 30,		June 30,
	2010		2009		2010		2009		2010
	2011		2010		2011
	$		$		$		$		$
Revenue	–6,628		–		–20,954		–		~~14,326~~
Expenses
Amortization	13,090		13,091		39,131		38,820		105,869
Amortization of property and equipment	11,603		12,949		130,279
Consulting fees	~~2,500~~–		–		13,~~800~~200		~~6,000~~		~~38,300~~
Content services	–		–		–6,470		–		~~6,470~~
Foreign exchange loss (gain)	95–		13(3,~~744~~028	)	(217,~~705~~050	)	~~33,311~~		~~17,050~~
Investor relations	~~4,140~~–		–		94112,~~140~~840		–		~~94,140~~
Management fees (Note 6)	3021,000		–19,000		80257,~~000~~305		–		~~184,305~~
Network management	1714,~~510~~170		–29,457		75158,~~083~~415		~~5,000~~		~~120,844~~
Office and general	21,~~972~~632		–581		716,~~071~~428		~~126~~		~~11,109~~
Professional fees	1118,~~931~~146		14,~~716~~659		4966,~~937~~959		~~6,216~~		~~63,905~~
Transfer agent and filing fees	62,~~276~~920		–3,121		1211,~~798~~708		–		~~12,798~~
Travel and promotion	63170		–		6324,281		~~4,293~~		~~23,787~~
Total Operating Expenses	8869,~~577~~641		2866,~~551~~739		~~369~~814,~~318~~935		~~93,766~~		~~678,577~~
Loss from Operations	(8863,~~577~~013	)	(2866,~~551~~739	)	(~~369~~793,~~318~~981	)	~~(93,766~~	)	~~(664,251~~	)
Other Expense
Accretion of discount on convertible debt	(1,446	)	–		(1,446	)	–		(1,446	)
Accretion of discounts on convertible debt	(29,450	)	–		(40,138	)
Interest expense	(362	)	–		(362	)	–		(362	)
Amortization of deferred financing costs	(1,768	)	–		(3,796	)
Total Other Expense	(1,808	)	–		(1,808	)	–		(1,808	)
Interest expense	(1,892	)	–		(4,047	)
Net Loss for the Period	(90,385	)	(28,551	)	(371,126	)	(93,766	)	(666,059	)
Loss on change in fair value of derivative liability	(35,052	)	–		(35,052	)
Net Loss Per Share – Basic and Diluted	–		–		(0.01	)	–
Total Other Expense	(68,162	)	–		(83,033	)
Weighted Average Shares Outstanding	56,070,000		36,000,000		52,857,000		36,000,000
Net Loss for the Period	(131,175	)	(66,739	)	(877,014	)
Net Loss Per Share – Basic and Diluted	–		–
Weighted Average Shares Outstanding	56,441,000		50,241,000

(The accompanying notes are an integral part of these consolidated financial statements)

F-2

CONVENIENCE TV INC. (~~formerly Costa Rica Paradise Inc.) (~~A Development Stage Company) Consolidated Statements of ~~Stockholders’~~ ~~Equity~~Cash ~~(Deficit)~~Flows (Expressed in US Dollars) (unaudited)

							Deficit
					Accumulated from
							Accumulated
	Three months		Three months		March 31, 2008
					Additional		During the
	Ended		Ended		(date of inception) to
	Shares				Paid-in		Development
	June 30,		June 30,		June 30,
			Amount		Capital		Stage		Total
	2011		2010		2011
	#		$		$		$		$
	$		$		$
Balance, March 31, 2008 (date of inception)	–		–		–		–		–
Operating Activities
					-
Net loss	(131,175	)	(66,739	)	(877,014	)
Shares issued	36,000,000		360		(359	)	–		1
Adjustments to reconcile net loss to net cash used in operating activities:
Net loss for the year	–		–		–		(179,591	)	(179,591	)
Amortization of property and equipment	11,603		12,949		130,279
Balance, March 31, 2009	36,000,000		360		(359	)	(179,591	)	(179,590	)
Amortization of deferred financing costs	1,768		–		3,796
Net loss for the year	–		–		–		(115,342	)	(115,342	)
Accretion of discounts on convertible debt	29.450		–		40,138
Balance, March 31, 2010	36,000,000		360		(359	)	(294,933	)	(294,932	)
Loss on change in fair value of derivative liability	35,052		–		35,052
May 5, 2010 – recapitalization transactions
Stock-based compensation	–		–		90,000
Shares of Convenience TV Inc., net of shares cancelled	17,700,000		177		(10,615	)	–		(10,438	)
Changes in operating assets and liabilities:
Forgiveness of related party debt	–		–		385,198		–		385,198
Due from related party	–		–		(19,161	)
Shares issued per private placements	1,770,000		18		278,682		–		278,700
Prepaid expenses	–		8,457		–
Shares issued per investor relations agreement	600,000		6		89,994		–		90,000
Accounts payable	16,047		15,853		16,417
Beneficial conversion feature of convertible debt	–		–		16,019		–		16,019
Accrued liabilities	3,892		1,357		6,047
Net loss for the period	–		–		–		(371,126	)	(371,126	)
Net Cash Used In Operating Activities	(33,363	)	(28,123	)	(574,446	)
Balance, December 31, 2010	56,070,000		561		758,919		(666,059	)	93,421
Investing Activities
Acquisition of property and equipment	–		–		(155,816	)
Net cash acquired on acquisition of subsidiary	–		6,755		6,755
Net Cash Provided By (Used In) Investing Activities	–		6,755		(149,061	)
Financing Activities
Advances from related party	–		–		348,482
Proceeds from convertible debt	–		–		97,500
Deferred financing costs	–		–		(5,500	)
Proceeds from issuance of common stock/common stock subscribed	–		48,700		278,701
Net Cash Provided By (Used In) Financing Activities	–		48,700		719,183
Effect of Exchange Rate Changes on Cash	–		(17,063	)	22,479
Change in Cash	(33,363	)	10,269		18,155
Cash, Beginning of Period	51,518		–		–
Cash, End of Period	18,155		10,269		18,155
Supplemental Disclosures:
Interest paid	–		–		–
Income taxes paid	–		–		–

(The accompanying notes are an integral part of these consolidated financial statements)

F-3

CONVENIENCE TV INC. (~~formerly Costa Rica Paradise Inc.) (~~A Development Stage Company) Notes to the Consolidated Financial Statements ofJune ~~Cash Flows~~30, 2011 (Expressed in US ~~Dollars~~dollars) (unaudited)

					Accumulated From
	Nine Months		Nine Months		March 31, 2008
	Ended		Ended		(date of inception) to
	December 31,		December 31,		December 31,
	2010		2009		2010
	$		$		$
Operating Activities
Net loss	(371,126	)	(93,766	)	(666,059	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	39,131		38,820		105,869
Accretion of convertible debt discount	1,446		–		1,446
Shares issued for investor relations services	90,000		–		90,000
Changes in operating assets and liabilities:
Prepaid expenses	8,457		–		–
Accounts payable	(1,687	)	(6,897	)	1,621
Accrued liabilities	(775	)	–		362
Due to related party	–		(760	)	–
Net Cash Used In Operating Activities	(234,554	)	(62,603	)	(466,761	)
Investing Activities
Acquisition of property and equipment	–		(8,005	)	(155,816	)
Net cash acquired on acquisition of subsidiary	6,755		–		6,755
Net Cash Provided By (Used In) Investing Activities	6,755		(8,005	)	(149,061	)
Financing Activities
Advances from Global Fusion Media Inc.	–		70,608		348,482
Proceeds from convertible debt	55,000				55,000
Proceeds from issuance of common stock	278,700		–		278,701
Net Cash Provided by Financing Activities	333,700		70,608		682,183
Effect of Exchange Rate Changes on Cash	(17,063	)	–		22,477
Change in Cash	88,838		–		88,838
Cash, Beginning of Period	–		–		–
Cash, End of Period	88,838		–		88,838
Supplemental Disclosures:
Interest paid	–		–		–
Income taxes paid	–		–		–

1.	Basis of Presentation

	The accompanying financial statements of Convenience TV Inc. (the “Company”) should be read in conjunction with the consolidated financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2011. In the opinion of management, the accompanying consolidated financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown.

	The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

	These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and is unlikely generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at June 30, 2011, the Company has not generated significant revenues, has a working capital deficit of $83,859, and has accumulated losses of $877,014 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2.	Recent Accounting Pronouncements

	In January 2010, the FASB issued an amendment to ASC 820, “Fair Value Measurements and Disclosures”, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis. This standard is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010. The adoption of the applicable standard on April 1, 2011 did not have a material effect on the Company’s consolidated financial statements.

	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3.	Property and Equipment

(The accompanying notes are an integral part of these consolidated financial statements)

			June 30,	March 31,
			2011	2011
		Accumulated	Net Carrying	Net Carrying
	Cost	Amortization	Value	Value
	$	$	$	$
Computer equipment	16,147	15,323	824	1,517
Equipment	139,669	114,956	24,713	35,623
	155,816	130,279	25,537	37,140

F-4

CONVENIENCE TV INC. (~~formerly Costa Rica Paradise Inc.) (~~A Development Stage Company) Notes to the Consolidated Financial Statements ~~December~~June 3130, ~~2010~~2011 (Expressed in US dollars) (unaudited)

1.	Nature of Operations and Continuance of Business
4.	Convertible Debt
	Convenience TV Inc. (the “Company”) was incorporated under the laws of the State of Nevada on December 8, 2008. On April 24, 2010, the Company changed its name from Costa Rica Paradise Inc. to Convenience TV Inc. The Company’s prior business was real estate investment consulting with respect to properties located in Costa Rica. Upon completion of an acquisition agreement with Global Fusion Media Inc. (“Global Fusion”), as described below, the Company adopted the business of C-Store Network, LLC (“C-Store”). The Company is a development stage company, as defined by Accounting Standards Codification (“ASC”) 915, Development Stage Entities and is now engaged in the business of providing advertising services through a network of in-location televisions installed at various convenience store locations.
	(a)	On December 3, 2010, the Company issued a $55,000 convertible note which bears interest at 8% per annum and matures on September 3, 2011. The note is not convertible until 180 days after the date of issuance and, thereafter, is convertible into shares of common stock on or after June 1, 2011 at a conversion rate of 58% of the average of the three lowest closing bid prices of the Company’s common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. Upon an event of default, the entire principal balance and accrued interest outstanding is due immediately, and interest shall accrue on the unpaid principal balance at 22% per annum.
	On May 5, 2010, the Company closed an acquisition agreement with Global Fusion in which the Company acquired C-Store, a private company fully owned by Global Fusion, in exchange for the issuance of 36,000,000 shares of common stock to Global Fusion. Refer to Note 4.
		In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $16,019 as additional paid-in capital and an equivalent discount which will be charged to operations over the term of the convertible note. On June 1, 2011, the Company recorded a derivative liability of $89,014 and a further discount of $38,981 which will be charged to operations over the term of the convertible note. On June 10, 2011, the Company issued 1,690,141 shares of common stock pursuant to the conversion of $12,000 of the convertible note. The fair value of the conversion option derivate liability related to this converted amount of $35,830 was recorded as additional paid-in capital. As at June 30, 2011, $15,349 had been accreted increasing the carrying value of the convertible note to $15,349. The carrying value of the convertible debt as of June 30, 2011 of $15,349 will be accreted to the face value of $43,000 at maturity. During the three months ended June 30, 2011, the Company recorded a loss on the change in fair value of the conversion option derivative liability of $35,052 and as of June 30, 2011, the fair value of the conversion option derivative liability was $54,222.
	These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenues since inception and is unlikely to generate significant revenue or earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at December 31, 2010, the Company has not generated significant revenues and has an accumulated deficit of $666,059 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern
	(b)	On January 14, 2011, the Company issued a $42,500 convertible note which bears interest at 8% per annum and matures on October 18, 2011. The note is not convertible until 180 days after the date of issuance and, thereafter, is convertible into shares of common stock on or after July 13, 2011 at a conversion rate of 58% of the average of the three lowest closing bid prices of the Company’s common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. Upon an event of default, the entire principal balance and accrued interest outstanding is due immediately, and interest shall accrue on the unpaid principal balance at 22% per annum.
	The Company will need additional working capital to continue or to be successful in any future business activities. Management plans to seek debt or equity financing, or a combination of both, to raise the necessary working capital.
		In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $29,105 as additional paid-in capital and an equivalent discount which will be charged to operations over the term of the convertible note. The Company records accretion expense over the term of the convertible note up to its face value of $42,500. As at June 30, 2011, $12,790 had been accreted increasing the carrying value of the convertible note to $26,185.
2.	Summary of Significant Accounting Principles
	The Company paid $5,500 in financing costs relating to this convertible debt. As at June 30, 2011, the Company had deferred financing costs of $1,705 (March 31, 2011 – $3,472).
	Basis of Presentation
5.	Derivative Liability
	These financial statements are prepared in conformity with accounting principles generally accepted in the United States and are presented in US dollars, unless otherwise noted. The Company’s fiscal year end is March 31.
	The conversion option of the convertible debt disclosed in Note 4(a) is required to record a derivative at its estimated fair values on each balance sheet date with changes in fair value reflected in the statement of operations.
	Interim Financial Statements
	The Company uses the Black-Scholes valuation model to calculate the fair value of the derivative liability. The following table shows the weighted average assumptions used in the calculation of the conversion option:
	The interim unaudited financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future.
	Use of Estimates
	The preparation of financial statements in conformity with US generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

		2012

	Expected dividend yield	–
	Risk-free interest rate	0.02%
	Expected life (in years)	0.18
	Expected volatility	433%

F-5

2.	Summary of Significant Accounting Principles (continued)
6.	Related Party Transactions
	Property and Equipment
	(a)	As at June 30, 2011, the Company is owed $19,161 (March 31, 2011 – $19,161) from a company under common control which is unsecured, non-interest bearing and due on demand.
	Property and equipment, consisting primarily of computer and equipment, is stated at cost and is amortized using the straight- line method over their estimated lives of three years.
	(b)	During the three months ended June 30, 2011, the Company paid $10,500 (2010 - $8,000) in management fees to a company controlled by the President of the Company.
	Revenue Recognition
	(c)	During the three months ended June 30, 2011, the Company paid $10,500 (2010 - $11,000) in management fees to the Chief Financial Officer of the Company.
	The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. Revenue consists of streaming advertising services. Revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability is reasonably assured.
7.	Common Stock
	Impairment of Long-lived Assets
	On June 10, 2011, the Company issued 1,690,141 shares of common stock pursuant to the conversion of $12,000 of the convertible note described in Note 4(a).
	In accordance with ASC 360, Impairment or Disposal of Long-Lived Assets, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.
8.	Subsequent Events
	Foreign Currency Translation
	(a)	Effective June 10, 2011, the Company increased the authorized number of shares of common stock from 100,000,000 to 600,000,000 shares, with no change in par value.
	The Company’s functional currency and its reporting currency is the United States dollar and foreign currency transactions are primarily undertaken in Canadian dollars. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.
	(b)	On July 25, 2011, the conversion rate for the convertible debt described in Notes 4(a) and (b) was amended to be 31% of the average of the three lowest closing bid prices of the Company’s common stock for the ten trading days ending one trading day prior to the date of conversion.
	Comprehensive Loss
	(c)	On July 26, 2011, the Company issued a $37,500 convertible note which bears interest at 8% per annum and matures on April 30, 2012. The note is not convertible until 180 days after the date of issuance and, thereafter, is convertible into shares of common stock on or after January 22, 2012 at a conversion rate of 58% of the average of the three lowest closing bid prices of the Company’s common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. Upon an event of default, the entire principal balance and accrued interest outstanding is due immediately, and interest shall accrue on the unpaid principal balance at 22% per annum.
	ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at December 31, 2010 and 2009, the Company had no items representing comprehensive loss.
	Income Taxes
	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

F-6

CONVENIENCE TV INC. (formerly Costa Rica Paradise Inc.) (A Development Stage Company) Notes to the Consolidated Financial Statements December 31, 2010 (Expressed in US dollars) (unaudited)

2.	Summary of Significant Accounting Principles (continued)
	Financial Instruments and Fair Value Measures
	ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments require an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

	The Company’s financial instruments consist principally of cash, accounts payable, accrued liabilities and convertible debenture. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	Recent Accounting Pronouncements
	In January 2010, the FASB issued an amendment to ASC 820, Fair Value Measurements and Disclosures, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis. The adoption of this standard on April 1, 2010, with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010, did not have a material effect on the Company’s consolidated financial statements. The adoption of the remainder of the standard is not expected to have a material effect on the Company’s consolidated financial statements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
3.	Property and Equipment

			December 31,	March 31,
			2010	2010
		Accumulated	Net Carrying	Net Carrying
	Cost	Amortization	Value	Value
	$	$	$	$
Computer equipment	16,147	13,303	2,844	6,899
Equipment	139,669	92,566	47,103	82,179
	155,816	105,869	49,947	89,078

F-7

CONVENIENCE TV INC. (formerly Costa Rica Paradise Inc.) (A Development Stage Company) Notes to the Consolidated Financial Statements December 31, 2010 (Expressed in US dollars) (unaudited)

4. Acquisition of C-Store Network, LLC On April 1, 2010, the Company entered into an acquisition agreement (the “Acquisition Agreement”) with Global Fusion Media Inc. ("Global Fusion"), a company incorporated under the laws of British Columbia, Canada. The Company agreed to acquire 100% of C-Store Network, LLC ("C-Store") from Global Fusion in exchange for 36,000,000 shares of common stock (the "Acquisition"). On May 5, 2010 the transactions contemplated by the Acquisition Agreement closed. C-Store is a media and advertising company which focuses on direct advertising to customers in convenience stores through North America. Global Fusion held 67% of the total issued and outstanding common shares of the Company immediately following the Acquisition. The Acquisition was a capital transaction in substance and therefore has been accounted for as a recapitalization, which is outside the scope ASC 805, Business Combinations. Under recapitalization accounting, C-Store is considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. Assets acquired and liabilities assumed are reported at their historical amounts. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of the business of C-Store since inception. 5. Convertible Debt On December 3, 2010, the Company issued a $55,000 convertible note which bears interest at 8% per annum and matures on September 3, 2011. The note is not convertible until 180 days after the date of issuance and, thereafter, is convertible into shares of common stock on or after June 1, 2011 at a conversion rate of 58% of the average of the three lowest closing bid prices of the Company’s common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. Upon an event of default, the entire principal balance and accrued interest outstanding is due immediately, and interest shall accrue on the unpaid principal balance at 22% per annum. In accordance with ASC 470-20, Debt with Conversion and Other Options, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $16,019 as additional paid-in capital and an equivalent discount which will be charged to operations over the term of the convertible debt. The Company records accretion expense over the term of the convertible debt up to its face value of $55,000. As at December 31, 2010, $1,446 had been accreted increasing the carrying value of the convertible debt to $40,427. 6. Related Party Transactions As at March 31, 2010, C-Store owed $178,127 and $209,895 (Cdn$213,212) to Global Fusion for expenditures paid on behalf of C-Store. These amounts were unsecured, non-interest bearing and due on demand. On May 5, 2010, concurrently with the closing of the Acquisition as described in Note 4, Global provided a release and debt cancellation to eliminate all debt owed by C-Store to Global. As Global was the sole owner of C-Store prior to the closing of the Acquisition, $385,198 was recorded as additional paid-in capital. During the nine months ended December 31, 2010, the Company paid $40,000 (2009 - $nil) in management fees to a company controlled by the President of the Company. During the nine months ended December 31, 2010, the Company paid $40,000 (2009 - $nil) in management fees to the Chief Financial Officer of the Company. 7. Common Stock On May 4, 2010, the Company effected a one for seven forward stock split of the issued and outstanding shares of common stock. All share amounts of the Company have been retroactively adjusted for all periods presented. On May 5, 2010, 27,800,000 shares of common stock held by the former President of the Company were returned and cancelled for no consideration. On May 5, 2010, the Company issued 36,000,000 shares of common stock for the acquisition of C-Store. Refer to Note 4. On July 1, 2010, the Company issued 520,000 shares of common stock at $0.055 per share for proceeds of $28,700.

F-8

CONVENIENCE TV INC. (formerly Costa Rica Paradise Inc.) (A Development Stage Company) Notes to the Consolidated Financial Statements December 31, 2010 (Expressed in US dollars) (unaudited)

7.	Common Stock (continued)
	On July 22, 2010, the Company issued 1,250,000 shares of common stock at $0.20 per share for proceeds of $250,000.
	On August 3, 2010, the Company issued 600,000 shares of common stock with a fair value of $90,000 pursuant to an investor relations agreement entered into on August 1, 2010. Refer to Note 8.
8.	Commitment
	On August 1, 2010, the Company entered into an investor relations agreement. Pursuant to the agreement, the Company agreed to pay a fee of $2,500 per month for a period of six months, and issue 600,000 shares of common stock within seven days of signing the agreement. On August 3, 2010, the Company issued 600,000 shares of common stock pursuant to the agreement.

F-9

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

~~This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance.~~ Forward-~~looking~~Looking ~~statements~~Statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

AsThis ~~used~~quarterly inreport ~~this~~contains ~~quarterly~~forward-looking ~~report~~statements. These statements relate to future events or our future financial performance. In some cases, ~~the~~you ~~terms~~can identify forward-looking statements by terminology such as "wecould", "usmay", ~~and~~"will", "~~our~~should", "expect", "plan", "anticipate", "believe", ~~company~~"estimate", ~~mean~~"predict", ~~Convenience~~"potential" TVor ~~Inc~~the negative of these terms or other comparable terminology. aThese ~~Nevada~~statements ~~corporation~~are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our ~~wholly~~or ~~owned~~our ~~subsidiary~~industry's ~~C-Store~~actual ~~Networks~~results, ~~LLC~~levels of activity, ~~unless~~performance ~~otherwise~~or ~~indicated~~achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this annual report, the terms we", "us", "our" and "our company" mean Convenience TV Inc. and our wholly owned subsidiary C-Store Networks LLC, unless otherwise indicated.

General Overview

We were incorporated in Nevada on December 4, 2008, under the name "Costa Rica Paradise Inc.", to engage in the business of real estate investment consulting with respect to properties located in Costa Rica. On April 23, 2010 our board of directors authorized a change in name to “Convenience TV Inc.” and a forward split of our common stock on a basis of 7 for 1 which became effective with the OTC Bulletin Board on June 15, 2010. On May 5, 2010 we experienced a change of control upon the closing of an acquisition of C-Store Networks LLC. Our statutory registered agent in Nevada is National Registered Agents Inc. of NV located at 1000 East William Street, Suite 204, Carson City, Nevada 89701. Our business office is located at 248 Main Street, Venice, CA, 90219 and our telephone number is 310-566-3696.

Effective July 20, 2011, our authorized shares of common stock increased from 100,000,000 to 600,000,000 shares of common stock, par value of $0.00001 per share. Our preferred stock remains unchanged.

Our Current Business

We are engaged in the provision of advertising services through a network of in-location televisions installed at various convenience store locations.

Results of Operations

For the three month periods ended June 30, 2011 and June 30, 2010

		Three Months Ended
		June 30
		2011			2010
Revenue	$	6,628		$	Nil
Operating Expenses	$	69,641		$	66,739
Net Loss	$	(131,175	)	$	(66,739	)

Revenues

During the three months ended June 30, 2011 we earned $6,628 in revenues and incurred a net loss of $131,175 compared to a net loss of $66,739 for the three months ended June 30, 2010.

		Three Months Ended
		June 30,
		2011		2010
Amortization of property and equipment	$	11,603	$	12,949
Foreign exchange loss (gain)	$	Nil	$	(3,028	)
Management fees	$	21,000	$	19,000
Network management	$	14,170	$	29,457
Office and general	$	1,632	$	581
Professional fees	$	18,146	$	4,659
Transfer agent and filing fees	$	2,920	$	3,121
Travel and promotion	$	170	$	Nil

Expenses

Operating expenses for three month period ended June 30, 2011 increased by 4.16% as compared to the comparative period in 2010 primarily as a result of increased management fees and professional fees.

Liquidity and Capital Resources

For the ~~nine~~three months ended ~~December~~June 3130, ~~2010~~2011

As of December 31, 2010 we had current assets of $88,838, current liabilities of $45,364 and working capital of $43,474. As of December 31, 2010 we had total assets of $138,785 comprised of cash of $88,838 and property and equipment of $49,947.

Working Capital
		At			At	Percentage
		June 30,			March 31,	Increase/
		2011			2011	(Decrease)
Current Assets	$	37,316		$	70,679	(47.20%	)
Current Liabilities	$	121,175		$	68,544	43.43%
Working Capital (Deficit)	$	(83,859	)	$	2,135	97.45%

During the nine months ended December 31, 2010 we spent net cash of $(234,554) on operating activities, compared to net cash spending of $(62,603) on operating activities during the same period in 2009.

Cash Flows
		Three Months			Three Months
		Ended			Ended
		June 30,			June 30,
		2011			2010
Net Cash used in Operating Activities	$	(33,363	)	$	(28,123	)
Net Cash provided by (used in) Investing Activities	$	Nil		$	6,755
Net Cash provided by Financing Activities	$	Nil		$	48,700
Cash – End of Period	$	18,155		$	10,269

~~Net cash provided by investing activities for the nine months ended December 31, 2010 was $~~6~~,755~~ ~~compared to net cash used in investing activities of $(8,005) during the same period in 2009.~~

During the nine months ended December 31, 2010 we received net cash of $333,700 from financing activities, compared to net cash received of $70,608 from financing activities during the same period in 2009.

On May 5, 2010 we closed the acquisition of C-Store Network, LLC and have since adopted the business of C-Store Network, LLC, which is now our wholly owned subsidiary. We anticipate that we will meet our ongoing cash requirements by retaining income as well as through equity or debt financing. We plan to cooperate with various individuals and institutions to acquire the financing required to produce and distribute our products and anticipate this will continue until we accrue sufficient capital reserves to finance all of our productions independently.

We estimate that our expenses over the next 12 months will be approximately $1,702,600 as described in the table below. These estimates may change significantly depending on the nature of our future business activities and our ability to raise capital from shareholders or other sources.

	Estimated	Estimated
Description	Completion Date	Expenses
		($)
Legal and accounting fees	12 months	100,000
Marketing and advertising	12 months	17,600
Management and operating costs	12 months	650,000
Salaries and consulting fees	12 months	200,000
Fixed asset purchases	12 months	660,000
General and administrative expenses	12 months	75,000
Total		1,702,600

We intend to meet our cash requirements for the next 12 months through a combination of debt financing and equity financing by way of private placements. We currently do not have any arrangements in place to complete any private placement financings and there is no assurance that we will be successful in completing any private placement financings. If we are not able to successfully complete any private placement financings, we plan to cooperate with film and television producers or obtain shareholder loans to meet our cash requirements. However, there is no assurance that any such financing will be available or if available, on terms that will be acceptable to us. We may not raise sufficient funds to fully carry out our business plan.

Results of Operations

For the three and nine month periods ended December 31, 2010 and December 31, 2009

Revenues

During the three months ended December 31, 2010 we did not earn any revenues and incurred a net loss of $90,385 compared to a net loss of $28,551 for the three months ended December 31, 2009.

During the nine months ended December 31, 2010 we did not earn any revenues and incurred a net loss of $371,126 compared to a net loss of $93,766 for the nine months ended December 31, 2009.

Expenses

During the three months ended December 31, 2010 we incurred total expenses of $88,577 which included $13,090 in amortization, $2,500 in consulting fees, $95 in foreign exchange loss, $4,140 in investor relations fees, $30,000 in management fees, $17,510 in network management, $2,972 in office and general expenses, $11,931 in professional fees, $6,276 in transfer agent and filing fees and $63 in travel and promotion. Comparatively, during the same time in 2009, we incurred total expenses of $28,551 which included 13,091 in amortization, $13,744 in foreign exchange loss and $1,716 in professional fees.

During the nine months ended December 31, 2010 we incurred total expenses of $369,318 which included $39,131 in amortization, $13,800 in consulting fees, $94,140 in investor relations fees, $80,000 in management fees, $75,083 in network management, $7,071 in office and general expenses, $49,937 in professional fees, $12,798 in transfer agent and filing fees and $63 in travel and promotion. Comparatively, during the same time in 2009, we incurred total expenses of $93,766 which included $38,820 in amortization, $6,000 in consulting fees, $33,311 in foreign exchange loss, $5,000 in network management, $126 in office and general expenses, $6,216 in professional fees and $4,293 in travel and promotion.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders.

Inflation

The effect of inflation on our revenues and operating results has not been significant.

Critical Accounting Policies

~~Revenue~~Basis ~~Recognition~~of Presentation

WeThe ~~recognize~~accompanying ~~revenue~~financial statements of our company should be read in ~~accordance~~conjunction with ~~ASC~~the ~~605,~~consolidated ~~Revenue Recognition.~~financial ~~Revenue~~statements ~~consists~~and ofaccompanying notes ~~streaming~~filed ~~advertising~~with ~~services~~the U.S. ~~Revenue~~Securities isand Exchange Commission in our company’s ~~recognized~~annual ~~only~~report ~~when~~on Form 10-K for the ~~price~~fiscal isyear ~~fixed~~ended orMarch ~~determinable~~31, ~~persuasive~~2011. ~~evidence~~In ofthe anopinion ~~arrangement~~of ~~exists~~management, the ~~service~~accompanying isconsolidated ~~performed,~~financial statements reflect all adjustments of a recurring nature considered necessary to present fairly our company’s financial position and ~~collectability~~the isresults of its operations and ~~reasonably~~its ~~assured~~cash flows for the periods shown.

~~Impairment~~The preparation of ~~Long-lived~~financial ~~Assets~~statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

In7 accordance with ASC 360, Property, Plant and Equipment, we test long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.

These financial statements have been prepared on a going concern basis, which implies our company will continue to realize its assets and discharge its liabilities in the normal course of business. Our company has never generated revenues since inception and is unlikely generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from its shareholders, the ability of our company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at June 30, 2011, our company has not generated significant revenues, has a working capital deficit of $83,859, and has accumulated losses of $877,014 since inception. These factors raise substantial doubt regarding our company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should our company be unable to continue as a going concern.

Item 3. Quantitative and Qualitative Disclosure about Market Risk

We are a smaller reporting company and are not required to provide the information under this item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer) and our chief financial officer (our principal financial officer and principal accounting officer), as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation under the supervision and with the participation of our president (our principal executive officer) and our chief financial officer (our principal financial officer and principal accounting officer) of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based on this evaluation, our president (our principal executive officer) and our chief financial officer (our principal financial officer and principal accounting officer) concluded that our disclosure controls were not effective as of the end of the period covered by this report.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended ~~December~~June 3130, ~~2010 that~~2011 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

Item 1a1A. Risk Factors

We are a smaller reporting company and are not required to provide the information under this item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~None~~On June 10, 2011, we issued 1,690,141 shares of common stock pursuant to the conversion of $12,000 of a convertible note. These shares were issued pursuant to an exemption from registration relying on Section 4(2) of the Securities Act of 1933.

Item 3. Defaults Upon Senior Securities

None.

Item 4. [Removed and Reserved]

Item 5. ~~OtherInformation~~Other Information

~~None~~On July 14, 2011, Shane Paul Arsens was appointed as director of our company. We increased the number of directors on our board of directors to 3 and appointed Mr. Arsens to fill the ensuing vacancy.

Item 6. Exhibits

Exhibit No.	Document Description
(2)	Plan of acquisition, reorganization, arrangement, liquidation or succession
2.1	Acquisition Agreement ~~with~~between our company and Global Fusion Media Inc., dated April 1, 2010 (incorporated by reference to our Current Report on Form 8-K filed on ~~May~~April 119, 2010).
(3)	(i) Articles of Incorporation; (ii) By-laws
3.1	Articles of Incorporation (incorporated by reference to our ~~Current~~Registration ~~Report~~Statement on Form S-1 filed on February 2, 2009).
3.2	By-laws (incorporated by reference to our ~~Current~~Registration ~~Report~~Statement on Form S-1 filed on February 2, 2009).
3.3	Certificate of Amendment filed with the Nevada Secretary of State on May 4, 2010 (incorporated by reference to our Current Report on Form S8-1K filed on February 2, 2009).
3.4	Certificate of Amendment filed with the Nevada Secretary of State on July 20, 2011 (incorporated by reference to our Current Report on Form 8-K filed on July 26, 2011).
(10)	Material Contracts
10.1	~~Acquisition~~Share Cancellation Agreement ~~between~~with ~~our~~Rhonda ~~company~~Esparza ~~and Global Fusion Media Inc.~~ dated ~~April~~May 14, 2010 (incorporated by reference to our ~~Current~~Quarterly Report on Form 810-KQ filed on ~~April~~May 918, 2010).
10.2	Share Cancellation Agreement with Rhonda Esparza dated May 4, 2010 (incorporated by reference to our Current Report on Form 10-Q filed on May 18, 2010).
(14)	Code of Ethics
14.1	Code of Ethics 2010 (incorporated by reference to our Quarterly Report on Form 10-Q filed on March 31, 2010).
(21)	Subsidiaries of Registrant
21.1	C-Store Networks LLC
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1	Section 302 Certifications under Sarbanes-Oxley Act of 2002 of Norman Knowles (Chief Executive Officer).
31.2	Section 302 Certifications under Sarbanes-Oxley Act of 2002 of Greg Trevor (Chief Financial Officer).
(32)	Section 1350 Certifications
32.1	Section 906 Certifications under Sarbanes-Oxley Act of 2002 of Norman Knowles (Chief Executive Officer).
32.2	Section 906 Certifications under Sarbanes-Oxley Act of 2002 of Greg Trevor (Chief Financial Officer).

* Filed herewith.

810

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CONVENIENCE TV INC.
Date: February 22, 2011	/s/ Norman Knowles
Date: August 22, 2011	/s/ Norman Knowles
	Norman Knowles
	President and Director
	(Principal Executive Officer)
	/s/ Greg Trevor
Date: August 22, 2011	/s/ Greg Trevor
	Greg Trevor
	Chief Financial Officer, Secretary, Treasurer and Director
	(Principal Financial Officer and Principal Accounting Officer)
	(Principal Financial Officer and Principal Accounting
	Officer)

911

Filing Compare · Convenience TV Inc.