Sec Form 4 Filing - Zanett Opportunity Fund, Ltd. @ IO World Media, Inc - 2013-09-02

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Zanett Opportunity Fund, Ltd. 2. Issuer Name and Ticker or Trading Symbol IO World Media, Inc [ IWDM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O APPLEBY SPURLING, CANON'S COURT, 22 VICTORIA STREET, P.O. BOX HM 1179 3. Date of Earliest Transaction (MM/DD/YY) 09/02/2013 (Street) HAMILTON, D0HM EX 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $.001 per share 32,718,364 I ( 1 ) By Zanett Opportunity Fund, Ltd. Common Stock, par value $.001 per share 10,500,000 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 10% Convertible Debenture $ 0.0122 09/02/2013 P ( 2 ) 09/02/2014 Common Stock $.001 par value ( 2 ) $ 150,000 $ 150,000 I ( 1 ) By Zanett Opportunity Fund, Ltd.

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Zanett Opportunity Fund, Ltd. C/O APPLEBY SPURLING, CANON'S COURT 22 VICTORIA STREET, P.O. BOX HM 1179 HAMILTON, D0HM EX X McAdoo Capital, Inc. 635 MADISON AVENUE, 15TH FLOOR NEW YORK, NY10022 X McAdoo Zachary C/O MCADOO CAPITAL, INC. 635 MADISON AVENUE, 15TH FLOOR NEW YORK, NY10022 X X Chairman, President, CEO & CFO Signatures /s/ Zachary McAdoo, President, McAdoo Capital Inc., Investment Manager of Zanett Opportunity Fund, Ltd. 09/04/2013 Signature of Reporting Person Date /s/ Zachary McAdoo, President, McAdoo Capital Inc. 09/04/2013 Signature of Reporting Person Date /s/ Zachary McAdoo 09/04/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Zanett Opportunity Fund, Ltd. (the "Fund") owns the reported securities directly. McAdoo Capital, Inc. ("McAdoo Capital") may be deemed to have an indirect interest in these securities as investment manager of the Fund. McAdoo Capital disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and the reporting of these securities by it shall not be deemed to be an admission that McAdoo Capital has beneficial ownership of such securities for purposes of Section 16 of the Exchange Act of 1934, or for any other purposes. Zachary McAdoo, the Chairman, President, Chief Executive Officer and Chief Financial Officer and a director of ioWorldMedia, Incorporated, is the President of McAdoo Capital, and may be deemed to have an indirect interest in these securities in his capacity as on officer of McAdoo Capital. ( 2 )The entire principal amount of the 10% Convertible Debenture, together with accrued and unpaid interest, shall be converted into shares of ioWorldMedia, Incorporated's common stock, par value $.001 per share ("Common Stock"), at a conversion price of $.0122 per share, upon the effectiveness of an amendment to ioWorldMedia, Incorporated's Articles of Incorporation to increase the number of authorized shares of Common Stock sufficient to allow for the full conversion of the 10% Convertible Debenture.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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