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<SEC-DOCUMENT>0001157523-10-005297.txt : 20100830
<SEC-HEADER>0001157523-10-005297.hdr.sgml : 20100830
<ACCEPTANCE-DATETIME>20100830170722
ACCESSION NUMBER:		0001157523-10-005297
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100819
ITEM INFORMATION:		Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
FILED AS OF DATE:		20100830
DATE AS OF CHANGE:		20100830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Stratus Media Group, Inc
		CENTRAL INDEX KEY:			0001053691
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS REPAIR SERVICES [7600]
		IRS NUMBER:				860776876
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24477
		FILM NUMBER:		101047447

	BUSINESS ADDRESS:	
		STREET 1:		3155 EAST PATRICK LANE,
		STREET 2:		SUITE 1
		CITY:			LAS VEGAS,
		STATE:			NV
		ZIP:			89120
		BUSINESS PHONE:		(702) 492-9413

	MAIL ADDRESS:	
		STREET 1:		3155 EAST PATRICK LANE,
		STREET 2:		SUITE 1
		CITY:			LAS VEGAS,
		STATE:			NV
		ZIP:			89120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FERIS INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20080228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TITAN MOTORCYCLE CO OF AMERICA INC
		DATE OF NAME CHANGE:	19980615
</SEC-HEADER>
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<TYPE>8-K
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<DESCRIPTION>STRATUS MEDIA GROUP, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 14pt">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 14pt">FORM
      8-K</font><br><br><br><font style="font-size: 12pt">Current Report
      Pursuant to Section&#160;13 or 15(d) of</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt">the
      Securities Exchange Act of 1934</font>
    </p>
    <p style="text-align: center">
      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of Earliest Event Reported): &#160;August 19, 2010</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><br>
    </p>
    <div style="text-align:left">
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            <font style="font-size: 12pt">STRATUS MEDIA GROUP, INC.</font>
          </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (Exact Name of Registrant as Specified in its Charter)
          </p>
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    <p style="text-align: center">
      <br>
      <br>

    </p>
    <div style="text-align:left">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Nevada
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction of Incorporation)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 48%; text-align: center" valign="top">
          000-24477
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        <td style="width: 4%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 48%; text-align: center" valign="top">
          86-0776876
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      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 48%; text-align: center" valign="top">
          (Commission File Number)
        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 48%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
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    <p style="text-align: center">
      <br>
      <br>

    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            3 East De La Guerra Street, 2<sup>nd</sup> Floor, Santa Barbara, CA
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        </td>
        <td style="width: 4%">
          &#160;
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        <td style="padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 48%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            93101
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 48%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive Offices)
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 48%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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          &#160;
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          <p style="font-size: 10pt; margin-top: 0px; margin-bottom: 0px">
            (805) 884-9977
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="padding-left: 0.0px; width: 80%; text-align: center" valign="top">
          <p style="font-size: 10pt; margin-top: 0px; margin-bottom: 0px">
            (Registrant&#8217;s Telephone Number, Including Area Code)
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (See General Instruction A.2. below):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br>
    </p>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item&#160;4.02 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Non-Reliance on Previously Issued Financial
      Statements or a Related Audit Report or Completed Interim Review</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On August 19, 2010, the Company&#8217;s acting Chief Financial Officer
      concluded that the Company&#8217;s financial statements for the period ended
      March 31, 2010, included in the Company&#8217;s Form 10-Q that was filed on
      May 14, 2010 (the &#8220;Report&#8221;), cannot be relied on because the income
      statement included $2,190,014 of non-cash, Black Scholes warrant and
      fair value expense related to financings that should be reclassified to
      the balance sheet as additional paid-in capital, with an offset by the
      same amount in the accumulated deficit.&#160;&#160;
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The effect of this reclassification is to reduce the net loss from
      $3,926,257 for the three months ended March 31, 2010 to $1,736,243 for
      the same period.&#160;&#160;The Company discussed the matter which is the subject
      of this filing with its independent accountant.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The Company intends to file an amendment to the Report which addresses
      this non-reliance and corrects the financial statements.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">

    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURE</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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 hereunto duly authorized.</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            August 30, 2010
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            STRATUS MEDIA GROUP, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; width: 4%; text-align: left" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 46%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/&#160;John Moynahan
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 46%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Acting Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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