U.S. SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, D.C. 20549

                                      FORM 12b-25

                                 NOTIFICATION OF LATE FILING

(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
and Form 10-QSB [ ] Form N-SAR

For Period Ended: March 31, 2003

[  ]  Transition  Report  on  Form  10-K
[  ]  Transition  Report  on  Form  20-F
[  ]  Transition  Report  on  Form  11-K
[  ]  Transition  Report  on  Form  10-Q
[  ]  Transition  Report  on  Form  N-SAR

For the Transition Period Ended:

NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION
HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

INNOVATION HOLDINGS, INC.
Full Name of Registrant

BLAGMAN MEDIA INTERNATIONAL, INC.
Former Name if Applicable

1907 AVENUE OF THE STARS, SUITE 1710
Address of Principal Executive Office (Street and Number)

LOS ANGELES, CA 90067
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-
25(b), the following should be completed.  (Check box if appropriate)

[X]

(a)  The reasons described in reasonable detail in
Part III of this form could not be eliminated
without unreasonable effort or expense.

(b)  The subject annual report, semi-annual
report, transition report on Form 10-K, Form 20-F,
11-K or Form N-SAR, or portion thereof will be
filed  on  or  before  the  fifteenth  calendar
day  following  the prescribed  due  date;  or the
subject quarterly report or transition report  on
Form  10-Q, or portion thereof will be filed on or
before the  fifth  calendar  day  following  the
prescribed  due  date; and

(c) The  accountant's  statement  or  other
exhibit  required  by  Rule 12b-25(c)  has  been
attached  if  applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Form 10-K and Form
10-KSB, 20-F, 11-K, Form 10-Q and Form 10-QSB, N-SAR, or the
transition report or portion thereof could not be filed within the
prescribed period.

We were not able to complete the required report for this period on a
timely basis without unreasonable effort and expense.  We expect to
file the required report with the allotted extension.

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact to this
notification

ROBERT BLAGMAN
(Name)

310 788-5444
(Area Code) Telephone Number

(2)  Have  all other periodic reports required under Section 13 or
15(d) of the  Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of  1940  during  the  preceding 12 months (or
for such shorter) period that the registrant  was  required  to  file
such  reports) been filed? If answer is no, identify report(s).

[ ]  Yes  [X]  No

Form 10-KSB for the year ended December 31, 2003.

(3)  Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?

[ ]  Yes  [X]  No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.

INNOVATION HOLDINGS, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto  duly authorized.

Date: May 15, 2003                     By: /s/ Robert Blagman
                                       Robert Blagman, President and
                                       Chief Executive Officer