SKYBRIDGEUNITED WIRELESS,STATES INC.SECURITIES (FORMERLYAND KNOWNEXCHANGE ASCOMMISION ENTERTAINMENT INTERNETWashington, INCD.) (A DEVELOPMENT STAGE COMPANY) BALANCE SHEET DECEMBER 31, 2002 Assets Current assets $ -- --------- Total assets $ -- ========= Liabilities and Stockholders' Equity Current Liabilities $ -- --------- Total Liabilities $ -- Stockholders' Equity Common stock; $0C.001 par value; 100,000,000 shares Authorized; 33,000,000 shares issued and outstanding 33,000 Additional paid-in capital -- Accumulated deficit during the development stage (33,000) --------- Total stockholders' equity -- --------- Total liabilities and stockholders' equity $ -- =========20549

SKYBRIDGEFORM WIRELESS,8-K INC.CURRENT (FORMERLYREPORT KNOWNPursuant ASto ENTERTAINMENTSection INTERNET,13 INC.)or 15(A DEVELOPMENT STAGE COMPANYd) STATEMENTof OFthe OPERATIONSSecurities DecemberExchange 20,Act 2002 (Inception) through December 31, 2002 ----------------- Revenue $ -- Cost of revenue -- ----------------- Gross income -- Operating expenses Consulting and professional fees 33,000 ----------------- Total operating expenses 33,000 ----------------- Loss before provision for income taxes (33,000) Provision for income taxes -- ----------------- Net loss $ (33,000) ================= Basic and diluted loss per common share $ (0.00) ----------------- Basic and diluted weighted average common shares outstanding 33,000,000 =================1934

~~SKYBRIDGE~~Date of ~~WIRELESS,~~Report ~~INC.~~ (~~FORMERLY~~Date KNOWN AS ENTERTAINMENT INTERNET, INC.) (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDER EQUITY Accumulated Common Stock Additional Deficit During Total ------------------- Paid-In Development Stockholders' Shares Amount Capital Stage Equity ---------- ------- ---------------- ------------- -------------- Balance at December 20, 2002 (Inception) -- $ -- $ -- $ -- $ -- Issuance of ~~shares~~earliest toevent ~~founders for services, $0.001 33,000,000 33,000 -- -- 33,000 Net loss -- -- -- (33,000~~reported): ~~(33,000)~~October ~~---------- ------- ---------------- ------------- -------------- Balance December 31~~05, ~~2002~~2004 ~~33,000,000 $33,000 $ -- $ (33,000) $ -- ========== ======= ================ ============= ==============~~

SKYBRIDGE WIRELESS, INC. (~~FORMERLY~~Exact ~~KNOWN~~name ASof registrant ~~ENTERTAINMENT~~as ~~INTERNET,~~specified ~~INC.)~~in (Aits ~~DEVELOPMENT STAGE COMPANY~~charter) STATEMENT OF CASH FLOWS December 20, 2002 (Inception) Through Cash flow from operating activities: March 31, 2003 ------------------ Net Loss $ (33,000) Adjustments to reconcile net loss to Net cash used by operating activities: Stock based compensation 33,000 ------------------ Net cash used by operating activities -- ------------------ Net change in cash $ -- Beginning cash balance $ -- ------------------ Ending cash balance $ -- ================== Supplemental disclosure of cash flow: Cash paid for interest $ -- ================== Cash paid for income taxes $ -- ==================

SkyBridge Entertainment Pro Forma Pro Forma Wireless, Inc. Internet, Inc. Adjustments Results ---------------- ---------------- ------------ ----------- Revenues $ -- $ -- $ -- $ -- Operating expenses 33,000 16,945 -- 49,945 ---------------- ---------------- ------------ ----------- Income before tax provisions (33,000) (16,945) -- (49,945) Tax provisions -- -- -- -- ---------------- ---------------- ------------ ----------- Net income from operations $ (33,000) $ (16,945) $ -- $ (49,945) ================ ================ ============ =========== Net loss $ (33,000) $ (16,945) $ -- $ (49,945) ================ ================ ============ =========== Basic and diluted loss per Common share $ (0.00) $ (0.00) $ -- $ (0.01) ================ ================ ============ =========== Weighted average shares used in per share calculations 33,000,000 7,655,412 -- 8,740,344 ================ ================ ============ ===========

Nevada	000-26755	88-0391722
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6565 Spencer Street, #205
Las Vegas, NV 89119
(Address of principal executive offices)

702-897-8704
(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

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Item 1.01 Entry into a Material Definitive Agreement.

On September 30, 2004, SkyBridge Wireless, Inc. (the “Company”) entered into a Private Equity Credit Agreement with Globalvest Partners, LLC, a New York limited liability company, whereby Globalvest Partners has agreed to purchase up to $4.5 million of common stock over a 36-month period. Specifically, after the Securities and Exchange Commission has declared effective a registration statement, the Company has the right to sell to Globalvest Partners up to $4.5 million of its common stock at a purchase price equal to 91% of the market price of the average of the 3 lowest closing bid prices of the common stock during the 10 day trading period following notice from the Company. The maximum amount that the Company can sell to Globalvest in any single transaction is equal, at the election of the Company, to the lesser of (a) 250% of the daily weighted average volume of the shares of common stock of the Company for the 20 trading days immediately preceding the date of our notice or (b) $500,000. Each put notice submitted by the Company must be for at least $25,000 of shares. The Company has the right to control the timing and the amount of stock sold to Globalvest.

For all the terms and conditions of the Private Equity Credit Agreement and Registration Rights Agreement, reference is hereby made to such agreements annexed hereto as Exhibit 10.1 and 10.2. All statements made herein concerning the foregoing agreements are qualified by reference to Exhibits 10.1 and 10.2.

The Company’s press release with respect to the Private Equity Credit Agreement with Globalvest Partners, LLC is attached as Exhibit 99.1 to this report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

Since July 2004 the Company has issued an aggregate of $410,000 in convertible debentures to accredited investors. Interest on the debentures is payable quarterly at an annual rate of 8%; the debentures mature in 5 years unless converted into shares of common stock of the Company. The debentures are immediately due and payable if an interest payment is not made when due, the shares to be issued upon due conversion are not issued, bankruptcy or judgments in excess of $500,000 is entered or the Company stock is no longer listed for a period of 10 business days. For all the terms and conditions of said debentures, reference is hereby made to the Securities Purchase Agreement and Convertible Debenture annexed hereto as Exhibit 10.3

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of businesses acquired. N/A

(b) Pro forma financial information. N/A

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		Description
10	.1	Private Equity Credit Agreement dated as of September 30, 2004, by
		and between Globalvest Partners, LLC and SkyBridge Wireless, LLC

10	.2	Registration Rights Agreement dated as of September 30, 2004, by and
		between Globalvest Partners, LLC and SkyBridge Wireless, LLC

10	.3	Form of Securities Purchase Agreement and Convertible Debenture

99	.1	Press Release dated October 5, 2004

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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 hereunto duly authorized.

Date: October 5, 2004

SkyBridge Wireless, Inc.
(Registrant)

BY: /s/ James Wheeler
——————————————
James Wheeler
Chief Executive Officer

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