ACQUISITION	9 Months Ended
Sep. 30, 2011
ACQUISITION
ACQUISITION	NOTE 4 - ACQUISITION TechTV Media, Inc.: On January 12, 2011, the Company executed a Share Exchange Agreement pursuant to which we acquired 100% of the issued and outstanding capital stock of TechTV Media, Inc., a Nevada Corporation (“TechTV”), in exchange for 5,000,000 shares of the Company’s common stock. As a result of the stock-for-stock exchange, TechTV became a wholly-owned subsidiary of the Company. As consideration for the purchase, the Company has issued 5,000,000 shares of the Common stock of MDTC, $0.001 par value per share, into an escrow account, for the future transfer to the prior shareholder of TechTV. The exchange of the total 5,000,000 shares of the Company’s Common Stock, is subject to and based upon TechTV securing 500,000 new subscriptions during the period commencing on January 12, 2011 and ending on the second year anniversary date thereof. The escrow holder shall release a certificate representing 625,000 MDTC shares for each 62,500 subscribers secured under TechTV contracts. On May 5, 2011 pursuant to an agreement between the Company and the selling shareholder of TechTV, the number of shares issued to acquire TechTV was reduced to 3,500,000, which shares are currently held in escrow until the performance milestones detailed in the share exchange agreement have been reached. On the date of acquisition as amended, TechTV had no tangible assets and no liabilities and because the 3,500,000 share purchase price is contingent upon TechTV acquiring a customer base, no acquisition price has been recorded. The Company will record the acquisition of TechTV’s customer base as each milestone is reached and the shares are released from escrow. As of the filing of this interim report none of the milestones have been reached and no shares have been released from escrow. Our World Live, Inc.: Effective July 28, 2011, the Company in accordance with an Agreement and Plan of Merger with Our World Live, Inc., a Nevada corporation, acquired OWL through the Merger of OWL with and into a wholly owned subsidiary of the Company, OWL Acquisition, Inc. (the “Merger Sub”). The Merger Sub being the surviving corporation, and the business of OWL continuing through Merger Sub, under the name Our World Live, Inc., as a wholly-owned subsidiary of the Company. As a result of the Merger Agreement, each outstanding share of OWL common stock was cancelled, extinguished and converted into and become the right to receive a pro rata portion of the Merger Consideration which shall be equal to the number of shares of OWL Common Stock held by each OWL Shareholder multiplied by the Exchange Ratio of 0.3333 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share of restricted Common Stock of the Company. Based on the Exchange Ratio, as a result of the Merger, the OWL Shareholders will own approximately 14,103,240 restricted shares of the Company. A description of the specific terms and conditions of the Merger is set forth in the Merger Agreement filed as an Exhibit 2.01 to the Form 8-K filed by the Company on June 15, 2011 and is incorporated herein by reference.

ACQUISITION

9 Months Ended

Sep. 30, 2011

NOTE 4 - ACQUISITION

TechTV Media, Inc.:

On January 12, 2011, the Company executed a Share Exchange Agreement pursuant to which we acquired 100% of the issued and outstanding capital stock of TechTV Media, Inc., a Nevada Corporation (“TechTV”), in exchange for 5,000,000 shares of the Company’s common stock. As a result of the stock-for-stock exchange, TechTV became a wholly-owned subsidiary of the Company.

As consideration for the purchase, the Company has issued 5,000,000 shares of the Common stock of MDTC, $0.001 par value per share, into an escrow account, for the future transfer to the prior shareholder of TechTV. The exchange of the total 5,000,000 shares of the Company’s Common Stock, is subject to and based upon TechTV securing 500,000 new subscriptions during the period commencing on January 12, 2011 and ending on the second year anniversary date thereof. The escrow holder shall release a certificate representing 625,000 MDTC shares for each 62,500 subscribers secured under TechTV contracts.

On May 5, 2011 pursuant to an agreement between the Company and the selling shareholder of TechTV, the number of shares issued to acquire TechTV was reduced to 3,500,000, which shares are currently held in escrow until the performance milestones detailed in the share exchange agreement have been reached.

On the date of acquisition as amended, TechTV had no tangible assets and no liabilities and because the 3,500,000 share purchase price is contingent upon TechTV acquiring a customer base, no acquisition price has been recorded. The Company will record the acquisition of TechTV’s customer base as each milestone is reached and the shares are released from escrow. As of the filing of this interim report none of the milestones have been reached and no shares have been released from escrow.

Our World Live, Inc.:

Effective July 28, 2011, the Company in accordance with an Agreement and Plan of Merger with Our World Live, Inc., a Nevada corporation, acquired OWL through the Merger of OWL with and into a wholly owned subsidiary of the Company, OWL Acquisition, Inc. (the “Merger Sub”). The Merger Sub being the surviving corporation, and the business of OWL continuing through Merger Sub, under the name Our World Live, Inc., as a wholly-owned subsidiary of the Company.

As a result of the Merger Agreement, each outstanding share of OWL common stock was cancelled, extinguished and converted into and become the right to receive a pro rata portion of the Merger Consideration which shall be equal to the number of shares of OWL Common Stock held by each OWL Shareholder multiplied by the Exchange Ratio of 0.3333 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share of restricted Common Stock of the Company. Based on the Exchange Ratio, as a result of the Merger, the OWL Shareholders will own approximately 14,103,240 restricted shares of the Company.

A description of the specific terms and conditions of the Merger is set forth in the Merger Agreement filed as an Exhibit 2.01 to the Form 8-K filed by the Company on June 15, 2011 and is incorporated herein by reference.

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1486-128463

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

MEDIA TECHNOLOGIES, INC. 10-Q