U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
INNOVATION HOLDINGS
COMMON STOCK
457697100
(CUSIP NUMBER)
Robert Blagman, President
Innovation Holdings
1901 Avenue of the Stars
Los Angeles, CA 90067
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
June 9, 2003
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13C, and is filing this schedule because of Rule 13d-1(e), (f) or
(g), check the following box [ ].
1. Names of Reporting Persons. S.S or I.R.S. Identification Nos.
of above Persons (entities only): Catalyst Capital, LLC.
2. Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)________________________________________________________________
(b)________________________________________________________________
3. SEC Use Only:
___________________________________________________________________
4. Source of Funds (See Instructions): OO
___________________________________________________________________
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e):
___________________________________________________________________
6. Citizenship or Place of Organization: Limited Liability
Company, California
_____________________________________________________________________
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power: 320,000,000
_____________________________________________________________________
8. Shared Voting Power:
_____________________________________________________________________
9. Sole Dispositive Power: 320,000,000
_________________________
10. Shared Dispositive Power:
_____________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 320,000,000
_____________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares:
_____________________________________________________________________
13. Percent of Class Represented by Amount in Row (11):
_____________________________________________________________________
14. Type of Reporting Person: LLC
_____________________________________________________________________
15. Check if the Aggregate Amount in Row (11) Excludes Certain Shares:
_____________________________________________________________________
ITEM 1. SECURITY AND ISSUER.
Innovation Holdings
Common Stock, $.001 par value
1901 Avenue of the Stars, Suite 1710
Los Angeles, CA 90067
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name: Catalyst Capital, LLC
(b) 4625 W. Nevso, Las Vegas, NV 89103
(c) Consultant
(d) None
(e) None
(f) Limited Liability Company, California
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(1) On June 2, 2003, Kiran Sidhu gifted 20,000,000 common shares of
stock of the issuer to Catalyst Capital, LLC. Catalyst Capital, LLC
has a separate consulting agreement with the Issuer.
(2) On June 9, 2003, LeAnna M. Sidhu gifted 300,000,000 common
shares of stock of the issuer to Catalyst Capital, LLC. Catalyst
Capital, LLC has a separate consulting agreement with the Issuer.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of these transactions were to enable the Issuer to
contract with a consultant to perform necessary services for the
Issuer, in exchange for securities of the Issuer, without having to
expend operating capital of the Issuer. In this particular
situation, the Issuer received services and consulting including but
not limited to financial management and advising services.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Catalyst Capital, LLC acquired 20,000,000 of the common shares of the
Issuer on June 2, 2003. Catalyst Capital, LLC acquired 300,000,000
common shares of the Issuer on June 9, 2003. After Catalyst
Capital's acquisition of the aforementioned shares of the Issuer on
June 2, 2003 and June 9, 2003, Catalyst Capital, LLC held a
320,000,000 common shares of the Issuer, and as of June 9, 2003, such
amount represented approximately 13.49% of the total issued and
outstanding common shares of the Issuer. LeAnna M. Sidhu and Kiran
Sidhu are managing members of Catalyst Capital, LLC.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Person does not have any contracts, arrangements,
understandings or relationships with any other person with respect to
the securities of the Issuer. (Voting trusts, agreements to issue
finder's fees, loan or option arrangements, etc.)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the above information set forth in this statement is true,
complete and correct.
Date: July 1, 2003 /s/ LeAnna M. Sidhu
Managing Member of Catalyst Capital, LLC