| Minnesota                                                                |   | 41-1430130                        |
|--------------------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of           incorporation or organization) |   | (IRS Employer Identification No.) |

|   | Large accelerated filer ____                     |   | Accelerated filer____                                            |
|--------|--------------------------------------------------|--------|------------------------------------------------------------------|
|   | Non-accelerated filer____                        |   | Smaller reporting company    X        . |
|   | (Do not check if smaller reporting      company) |   |

----

|          | **Index**                                                                                                                                                                                                                              | ****          |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|          |                                                                                                                                                                                                                                   |          |
| Part I        | ****                                                                                                                                                                                                                                   | **Page**      |
|          |                                                                                                                                                                                                                                   |          |
| Item 1.       | Financial      Statements                                                                                                                                                                                                              |          |
|          |                                                                                                                                                                                                                                   |          |
|          | Balance Sheets as of December      31, 2008 (unaudited) and June 30, 2008                                                                                                                                                              |   4 |
|          |                                                                                                                                                                                                                                   |          |
|          | Statements of Operations,      Three Months ended December 31, 2008 and 2007 (unaudited).                                                                                                                                              |   5 |
|          |                                                                                                                                                                                                                                   |          |
|          | Statements of Operations,      Six Months ended December 31, 2008 and 2007,     And the period from April 26, 2006      (date of commencement of development    Stage) through December 31, 2008      (unaudited). |   6 |
|          |                                                                                                                                                                                                                                   |          |
|          | Statement of Changes in Shareholders' Equity from April 26, 2006 (date of commencement         Of development stage) through December 31, 2008 (unaudited).                                                                  |   7 |
|          |                                                                                                                                                                                                                                   |          |
|          | Statements of Cash Flows, six Months ended December 31, 2008 and 2007,         And the period from April 26, 2006 (date of commencement of development    Stage) through December 31, 2008 (unaudited).            |   8 |
|          |                                                                                                                                                                                                                                   |          |
|          | Notes to Financial Statements                                                                                                                                                                                                          |   9 |
|          |                                                                                                                                                                                                                                   |          |
| Item      2.  | Management Discussion & Analysis of Financial Conditions and Results of Operations                                                                                                                                                     | 12            |
|          |                                                                                                                                                                                                                                   |          |
| Item      3.  | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                                             | 12            |
|          |                                                                                                                                                                                                                                   |          |
| Item      4T. | Controls      and Procedures.                                                                                                                                                                                                          | 13            |
|          |                                                                                                                                                                                                                                   | ****          |
| Part II       | Other Information                                                                                                                                                                                                                      |               |
|          |                                                                                                                                                                                                                                   | ****          |
| Item      1.  | Legal Proceedings                                                                                                                                                                                                                      | 14            |
|          |                                                                                                                                                                                                                                        |               |
| Item      1A. | Risk Factors                                                                                                                                                                                                                           | 14            |
|          |                                                                                                                                                                                                                                   |          |
| Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                                                                       | 14            |
|          |                                                                                                                                                                                                                                   |          |
| Item      3.  | Defaults Upon      Senior Securities                                                                                                                                                                                                   | 15            |
|          |                                                                                                                                                                                                                                   |          |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                                                                                                                                                                               | 15            |
|          |                                                                                                                                                                                                                                   |          |
| Item      5.  | Other Information                                                                                                                                                                                                                      | 15            |
|          |                                                                                                                                                                                                                                   |          |
| Item      6.  | Exhibits                                                                                                                                                                                                                               | 15            |

----

----

| **Item 1.** | **Financial Statements.** |
|-------------|---------------------------|

| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **BALANCE SHEETS**        ASSETS                                                                                                                                                                                                                                                                                                         |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   | December 31,        2008        (Unaudited) |   |   | June 30,        2008        (See Note 1) |   |
| Current Assets                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |
|      Cash                                                                                                                                                                                                                                                                                                                                                                               | $ | 121 |   | $ | 9,159 |   |
|      Marketable      securities net of fair value                 Adjustment      of $7,320 and $66,875                                                                                                                                                                                                                               |   | 180 |   |   | 26,875 |   |
|      Prepaid Expenses      & Fees                                                                                                                                                                                                                                                                                                                                                       |   | 141,667 |   |   | - |   |
|      Security      deposits                                                                                                                                                                                                                                                                                                                                                             |   | 775 |   |   | 775 |   |
|      Total Current      Assets                                                                                                                                                                                                                                                                                                                                                          |   | 142,743 |   |   | 36,809 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |  |   |   |  |   |
| Fixed Assets                                                                                                                                                                                                                                                                                                                                                                                                     |   |  |   |   |  |   |
|      Furniture      and Equipment                                                                                                                                                                                                                                                                                                                                                       |   | 5,385 |   |   | 5,385 |   |
|           Less      accumulated depreciation                                                                                                                                                                                                                                                                                                                   |   | 1,039 |   |   | 500 |   |
| Total Fixed Assets                                                                                                                                                                                                                                                                                                                                                                                               |   | 4,346 |   |   | 4,885 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |  |   |   |  |   |
| Other Assets                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |
|      PocketServer      License                                                                                                                                                                                                                                                                                                                                                          |   | 63,038 |   |   | - |   |
|           Less      accumulated amortization                                                                                                                                                                                                                                                                                                                   |   | - |   |   | - |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                     | $ | 210,127 |   | $ | 41,694 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
| Current Liabilities:                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
|      Accounts      payable                                                                                                                                                                                                                                                                                                                                                              | $ | 74,963 |   | $ | 33,945 |   |
|      Accounts payable-related      party                                                                                                                                                                                                                                                                                                                                                |   | 3,819 |   |   | 1,257 |   |
|      Salaries      payable                                                                                                                                                                                                                                                                                                                                                              |   | 55,033 |   |   | - |   |
|      Total Current      Liabilities                                                                                                                                                                                                                                                                                                                                                     |   | 133,815 |   |   | 35,202 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |  |   |   |  |   |
| Total Liabilities                                                                                                                                                                                                                                                                                                                                                                                                |   | 133,815 |   |   | 35,202 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
| Stockholders' Equity:                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Common Stock, $.01 par value,                         100,000,000      shares authorized                    22,189,542      and 13,471,208 shares                    issued      and outstanding respectively |   | 221,895 |   |   | 134,712 |   |
| Additional paid-in capital                                                                                                                                                                                                                                                                                                                                                                                       |   | 4,813,299 |   |   | 4,223,485 |   |
| Accumulated (deficit)                                                                                                                                                                                                                                                                                                                                                                                            |   | (3,539,288 | ) |   | (3,539,288 | ) |
| Accumulated (deficit) during development stage                                                                                                                                                                                                                                                                                                                                                                   |   | (993,598 | ) |   | (812,417 | ) |
| Subscriptions receivable                                                                                                                                                                                                                                                                                                                                                                                         |   | (425,996 | ) |   | - |   |
| Total Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                       |   | 76,312 |   |   | 6,492 |   |
| Total Liabilities and Stockholders'      Equity                                                                                                                                                                                                                                                                                                                                                                  | $ | 210,127 |   | $ | 41,694 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements.                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |

----

| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **STATEMENTS OF OPERATIONS**        (Unaudited)             |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                | Three Months Ended |   |
|                                                                                                                                     | December 31,        2008 |   | December 31,        2007 |   |
| Revenues                                                                                                                            | $ | - |   | $ | - |   |
|                                                                                                                                |   |  |   |   |  |   |
| Expenses:                                                                                                                           |   |  |   |   |  |   |
|         Accounting      fees                                                                |   | 1,000 |   |   | 1,000 |   |
|         Legal      fees                                                                     |   | 15,000 |   |   | 20,000 |   |
|         Press      release & Edgar fees                                                     |   | 2,643 |   |   | 2,859 |   |
|         Transfer      agent fees                                                            |   | 1,793 |   |   | 1,882 |   |
|         Other      professional fees                                                        |   | 785 |   |   | - |   |
|         Compensation      fees                                                              |   | 51,918 |   |   | 14,000 |   |
|         Consulting      fees                                                                |   | 80,000 |   |   | - |   |
|         Bad      debt expense                                                               |   | 508 |   |   | - |   |
|         Travel      fees                                                                    |   | - |   |   | 4,798 |   |
|         Rent      expense                                                                   |   | 2,534 |   |   | 1,717 |   |
|         Utilities      expense                                                              |   | 3,577 |   |   | - |   |
|         Other                                                                               |   | 1,021 |   |   | 1,270 |   |
|         Total      Expenses                                                                 |   | 160,779 |   |   | 47,526 |   |
| Net Ordinary (Loss)                                                                                                                 | $ | (160,779 | ) | $ | (47,526 | ) |
|                                                                                                                                |   |  |   |   |  |   |
| Other Income                                                                                                                        |   |  |   |   |  |   |
|         Gain/(Loss)                                                                         |   |   |   |   |   |   |
|                 Gain      on collection of bad debt |   | 63,038 |   |   | - |   |
|                 Realized      loss - securities     |   | (690 | ) |   | (60,602 | ) |
|                 Interest      income                |   | 508 |   |   | - |   |
|         Total      Other Income                                                             |   | 62,856 |   |   | (60,602 | ) |
|                                                                                                                                |   |  |   |   |  |   |
| Net (Loss)                                                                                                                          |   | (97,923 | ) |   | (108,128 | ) |
|                                                                                                                                |   |   |   |   |   |   |
| Per Share                                                                                                                           | $ | (0.007 | ) | $ | (0.008 | ) |
|                                                                                                                                |   |   |   |   |   |   |
| Weighted Average Number of Shares Outstanding                                                                                       |   | 14,399,324 |   |   | 13,416,615 |   |
|                                                                                                                                |   |   |   |   |   |   |
|                                                                                                                                |   |   |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements.                                                       |   |   |   |   |   |   |

----

| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **STATEMENTS OF OPERATIONS**        (Unaudited)             |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                | Six Months Ended |   | For the         Period from         April 26,         2006 (date of        Commencement         of development         stage)        through |   |
|                                                                                                                                     | December 31,        2008 |   | December 31,        2007 |   | December 31,        2008 |   |
| Revenues                                                                                                                            | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                                |   |  |   |   |  |   |   |  |   |
| Expenses:                                                                                                                           |   |  |   |   |  |   |   |  |   |
|         Accounting      fees                                                                |   | 15,800 |   |   | 11,000 |   |   | 39,500 |   |
|         Legal      fees                                                                     |   | 30,000 |   |   | 45,543 |   |   | 106,296 |   |
|         Press      release & Edgar fees                                                     |   | 2,928 |   |   | 4,132 |   |   | 8,588 |   |
|         Transfer      agent fees                                                            |   | 6,048 |   |   | 6,604 |   |   | 19,438 |   |
|         Other      professional fees                                                        |   | 1,615 |   |   | - |   |   | 5,524 |   |
|         Compensation      fees                                                              |   | 93,406 |   |   | 14,000 |   |   | 258,680 |   |
|         Consulting      fees                                                                |   | 80,000 |   |   | - |   |   | 80,000 |   |
|         Bad      debt expense                                                               |   | 2,046 |   |   | - |   |   | 63,038 |   |
|         Travel      fees                                                                    |   | - |   |   | 9,108 |   |   | 15,393 |   |
|         Rent      expense                                                                   |   | 5,068 |   |   | 1,717 |   |   | 11,772 |   |
|         Utilities      expense                                                              |   | 4,547 |   |   | - |   |   | 4,547 |   |
|         Other                                                                               |   | 1,596 |   |   | 2,185 |   |   | 14,461 |   |
|         Total      Expenses                                                                 |   | 243,054 |   |   | 94,289 |   |   | 627,237 |   |
| Net Ordinary (Loss)                                                                                                                 |   | (243,054 | ) |   | (94,289 | ) |   | (627,237 | ) |
|                                                                                                                                |   |  |   |   |  |   |   |  |   |
| Other Income                                                                                                                        |   |  |   |   |  |   |   |  |   |
|         Gain/(Loss)                                                                         |   |   |   |   |   |   |   |   |   |
|                 Gain      on collection Of bad debt |   | 63,038 |   |   | - |   |   | 63,038 |   |
|                 Loss      on investments            |   | (3,210 | ) |   | (60,602 | ) |   | (432,538 | ) |
|                 Interest      Income                |   | 2,045 |   |   | - |   |   | 3,139 |   |
|         Total      Other Income                                                             |   | 61,873 |   |   | (60,602 | ) |   | (366,361 | ) |
|                                                                                                                                |   |  |   |   |  |   |   |  |   |
| Net (Loss)                                                                                                                          | $ | (181,181 | ) | $ | (154,891 | ) | $ | (993,598 | ) |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |
| Per Share                                                                                                                           | $ | (0.013 | ) | $ | (0.012 | ) | $ | (0.091 | ) |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |
| Weighted Average Number of Shares Outstanding                                                                                       |   | 13,935,266 |   |   | 12,923,212 |   |   | 10,906,671 |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements.                                                       |   |   |   |   |   |   |   |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                            | Number of         Shares |   | Stock        Amount |    | Additional        Paid-in        Capital |   | Subscripts        Receivable |   | Accumulated        (Deficit) |   | Accumulated        (Deficit)        During        Development        Stage |       |   | Total  |     |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------------|--------|---------------------|---------|------------------------------------------|--------|------------------------------|--------|------------------------------|--------|----------------------------------------------------------------------------|------------|--------|--------|----------|
| Balance at       July 1, 2005                                                                                                   | 2,430,162                |   | $                   | 24,302  |                                     | $      | 3,514,987                    |   | -                            |   | $                                                                          | (3,539,288 | )      | $      | -        |   | $ | - |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Net loss-year ended            June 30, 2006                                                                                    | -                        |   |                | -       |                                     |   | -                            |   | -                            |   |                                                                       | -          |   |   | -        |   |   | - |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Balance at       June 30, 2006                                                                                                  | 2,430,162                |   |                | 24,302  |                                     |   | 3,514,987                    |   | -                            |   |                                                                       | (3,539,288 | )      |   | -        |   |   | - |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of common      stock for cash at      $0.00025 per share      December 4, 2006                                         | 10,000,000               |   |                | 100,000 |                                     |   | (80,000                      | )      | -                            |   |                                                                       | -          |   |   | -        |   |   | 20,000 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Net loss-year ended            June 30, 2007                                                                                    | -                        |   |                | -       |                                     |   | -                            |   | -                            |   |                                                                       | -          |   |   | (24,166  | ) |   | (24,166 | ) |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Balance at       June 30, 2007                                                                                                  | 12,430,162               |   |                | 124,302 |                                     |   | 3,434,987                    |   | -                            |   |                                                                       | (3,539,288 | )      |   | (24,166  | ) |   | (4,166 | ) |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of common      stock for cash at       $1.00 per share                                                                 | 51,046                   |   |                | 510     |                                     |   | 50,536                       |   | -                            |   |                                                                       | -          |   |   | -        |   |   | 51,046 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of common      stock for investment      in marketable       securities at $0.75       per share      October 22, 2007 | 990,000                  |   |                | 9,900   |                                     |   | 732,600                      |   | -                            |   |                                                                       | -          |   |   | -        |   |   | 742,500 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Additional       Paid-in capital                                                                                                | -                        |   |                | -       |                                     |   | 5,363                        |   | -                            |   |                                                                       | -          |   |   | -        |   |   | 5,363 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Net loss-year ended            June 30, 2008                                                                                    | -                        |   |                | -       |                                     |   | -                            |   | -                            |   |                                                                       | -          |   |   | (788,251 | ) |   | (788,251 | ) |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Balance at       June 30, 2008                                                                                                  | 13,471,208               |   |                | 134,712 |                                     |   | 4,223,486                    |   | -                            |   |                                                                       | (3,539,288 | )      |   | (812,417 | ) |   | 6,492 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of Common      stock for Cash and      notes at $0.1461       per share                                                | 3,093,334                |   |                | 30,933  |                                     |   | 421,063                      |   | (425,996                     | )      |                                                                       | -          |   |   | -        |   |   | 26,000 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of Common      stock for Services      At $0.04 per share                                                              | 2,000,000                |   |                | 20,000  |                                     |   | 60,000                       |   | -                            |   |                                                                       | -          |   |   | -        |   |   | 80,000 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Issuance of Restricted      Stock for Services      with Cliff vesting      At $0.04 per share                                  | 3,625,000                |   |                | 36,250  |                                     |   | 108,750                      |   | -                            |   |                                                                       | -          |   |   | -        |   |   | 145,000 |   |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Net loss-six months      Ended Dec 31, 2008                                                                                     | -                        |   |                | -       |                                     |   | -                            |   | -                            |   |                                                                       | -          |   |   | (181,181 | ) |   | (181,181 | ) |
|                                                                                                                            |                          |   |                |         |                                     |   |                              |   |                         |   |                                                                       |            |   |   |          |   |   |  |   |
| Balance Jan 1, 2009                                                                                                             | 22,189,542               |   | $                   | 221,895 |                                     | $      | 4,813,299                    |   | (425,996                     | )      | $                                                                          | (3,539,288 | )      | $      | (993,598 | ) | $ | 76,312 |   |
|                                                                                                                            |                     |   |                |    |                                     |   |                         |   |                         |   |                                                                       |       |   |   |     |   |   |   |   |

----

| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **STATEMENTS OF CASH FLOWS**        (Unaudited)                                                                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                              | Six Months Ended |   | For the period         From April 26,         2006 (date of        Commencement         of Development        Stage through |   |
|                                                                                                                                                                                                                                                                                                   | December 31,        2008 |   | December 31,        2007 |   | December 31,        2008 |   |
| Cash Flows from Operating Activities:                                                                                                                                                                                                                                                             |   |  |   |   |  |   |   |  |   |
|         Net      (loss)                                                                                                                                                                                                                                   | $ | (181,181 | ) | $ | (154,891 | ) | $ | (993,598 | ) |
| Adjustments to reconcile net loss to net cash      used in operating activities:                                                                                                                                                                                                                  |   |  |   |   |  |   |   |  |   |
|         Prepaid      expenses recognized                                                                                                                                                                                                                  |   | 3,333 |   |   | - |   |   | 3,333 |   |
|         Increase      in depreciation                                                                                                                                                                                                                     |   | 538 |   |   | - |   |   | 1,038 |   |
|         Increase      in accounts payable                                                                                                                                                                                                                 |   | 39,762 |   |   | 11,979 |   |   | 74,965 |   |
|         Decrease      in Subscription Receivable                                                                                                                                                                                                          |   | - |   |   | 2,000 |   |   | - |   |
|         (Decrease)      in checks written in excess of cash balance                                                                                                                                                                                       |   | - |   |   | (5,293 | ) |   | - |   |
|         Increase/      (Decrease) in accounts payable Related party                                                                                                                                                                                       |   | 3,819 |   |   | (873 | ) |   | 3,819 |   |
|         Increase      in Salaries Payable                                                                                                                                                                                                                 |   | 55,033 |   |   | - |   |   | 55,033 |   |
|         Loss      on sale of investments                                                                                                                                                                                                                  |   | 3,210 |   |   | 60,602 |   |   | 432,538 |   |
| Net Cash (Used in) Operating      Activities                                                                                                                                                                                                                                                      |   | (75,486 | ) |   | (86,476 | ) |   | (422,872 | ) |
|                                                                                                                                                                                                                                                                                              |   |  |   |   |  |   |   |  |   |
| Cash Flows from Investing      Activities                                                                                                                                                                                                                                                         |   |  |   |   |  |   |   |  |   |
|         Furniture      and equipment                                                                                                                                                                                                                      |   | - |   |   | (1,646 | ) |   | (5,385 | ) |
|         Leasehold      improvement                                                                                                                                                                                                                        |   | - |   |   | (1,318 | ) |   | - |   |
|         Security      Deposits                                                                                                                                                                                                                            |   | - |   |   | (775 | ) |   | (775 | ) |
|         Cash      from sale of Investment securities                                                                                                                                                                                                      |   | 23,485 |   |   | 55,648 |   |   | 309,782 |   |
|         PocketServer      license                                                                                                                                                                                                                         |   | (63,038 | ) |   | - |   |   | (63,038 | ) |
| Net Cash Provided by/ (Used      in) Investing activities                                                                                                                                                                                                                                         |   | (39,553 | ) |   | 51,909 |   |   | 240,584 |   |
|                                                                                                                                                                                                                                                                                              |   |  |   |   |  |   |   |  |   |
| Cash Flows from Financing      Activities                                                                                                                                                                                                                                                         |   |  |   |   |  |   |   |  |   |
|         Issuance      of Common Stock for Cash                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                 Less      subscriptions receivable                                                                                                                                                                |   | 26,000 |   |   | 51,045 |   |   | 97,046 |   |
|         Issuance      of common stock for services                                                                                                                                                                                                        |   | 80,000 |   |   | - |   |   | 80,000 |   |
|         Additional      paid in capital                                                                                                                                                                                                                   |   | - |   |   | 4,166 |   |   | 5,363 |   |
| Net Cash Provided by Financing                                                                                                                                                                                                                                                                    |   | 106,000 |   |   | 55,211 |   |   | 182,409 |   |
| Increase (decrease) in Cash                                                                                                                                                                                                                                                                       |   | (9,039 | ) |   | 20,644 |   |   | 121 |   |
|                                                                                                                                                                                                                                                                                              |   |  |   |   |  |   |   |  |   |
| Cash, Beginning of Period                                                                                                                                                                                                                                                                         |   | 9,160 |   |   | - |   |   | - |   |
| Cash, End of Period                                                                                                                                                                                                                                                                               | $ | 121 |   | $ | 20,644 |   | $ | 121 |   |
|                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |
| Interest Paid                                                                                                                                                                                                                                                                                     | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |
| Income Taxes Paid                                                                                                                                                                                                                                                                                 | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |
| **Supplemental non-cash transactions**      - issued stock amounting to $145,000 at $0.04 per share for services to      be provided over the course of the next 12 months. Stock was restricted      stock requiring service to the Company over period of time in order for      stock to vest. |

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| **ITEM 2** | **MANAGEMENT'S DISCUSSION AND ANALYSIS OR      PLAN OF OPERATIONS** |
|------------|---------------------------------------------------------------------|

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| **ITEM 3** | **QUANTITATIVE AND QUALITATIVE DISCLOSURES      ABOUT MARKET RISK** |
|------------|---------------------------------------------------------------------|

| **ITEM 4T** | **CONTROLS AND PROCEDURES** |
|-------------|-----------------------------|

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| **Item 1.** | **Legal Proceedings** |
|-------------|-----------------------|

| ****Item 1A.**** | ****Risk Factors**** |
|------------------|----------------------|

| ****Item 2.**** | ****Unregistered Sales of Equity Securities      and Use of Proceeds**** |
|-----------------|--------------------------------------------------------------------------|

| ****Item 3.**** | ****Defaults upon Senior Securities**** |
|-----------------|-----------------------------------------|

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| ****Item 4.**** | ****Submission of Matters to a Vote of Security      Holders**** |
|-----------------|------------------------------------------------------------------|

| ****Item 5.**** | ****Other Information**** |
|-----------------|---------------------------|

| ****Item 6.**** | ****Exhibits**** |
|-----------------|------------------|

| Exhibit 10.1      | Revenue Share Agreement Entered into on October      24, 2008 between SVC Cards, Inc. and Oasis Online Technologies Corp filed      with the SEC on Form 10-Q filed November 12, 2008 included here by reference.                    |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                                                                                                                                 |
| Exhibit 10.2      | Master License Agreement Executed on November      5, 2008 between TranSend International, Inc. and Oasis Online Technologies      Corp filed with the SEC on Form 10-Q filed November 12, 2008 and included      Here by reference. |
|              |                                                                                                                                                                                                                                 |
| Exhibit 10.3      | Form of Subscription agreement previously filed      with the SEC on Form 8-K on November 20, 2008 and Included here by reference.                                                                                                   |
|              |                                                                                                                                                                                                                                 |
| Exhibit 10.4      | Form of Subscription Note and Pledge agreement      previously filed with the SEC on Form 8-K on November 20, 2008 and included      here by reference.                                                                              |
|              |                                                                                                                                                                                                                                 |
| Exhibit      31.1 | Certification      by Chief Executive Officer, required by Rule 13a- 14(a) or Rule 15d-14(a)      of the Exchange Act, promulgated under the Securities and Exchange Act of      1934, as amended.                                   |
|              |                                                                                                                                                                                                                                 |
| Exhibit      31.2 | Certification      by Chief Financial Officer, required by Rule 13a- 14(a) or Rule 15d-14(a)      of the Exchange Act, promulgated under the Securities and Exchange Act of      1934, as amended.                                   |
|              |                                                                                                                                                                                                                                 |
| Exhibit      32.1 | Certification      by Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                        |
|              |                                                                                                                                                                                                                                 |
| Exhibit      32.2 | Certification      by Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                        |

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|                    |   | **OASIS ONLINE TECHNOLOGIES CORP.**                                                                                                                                      |
|-------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                    |   |                                                                                                                                                                     |
| Date: February 12, 2009 |   | By: /s/ Erik J. Cooper      Erik J. Cooper       Chief Executive Officer and President (Principal Executive Officer)                                                     |
|                    |   |                                                                                                                                                                     |
| Date: February 12, 2009 |   | By: /s/ John H. Venette      John H. Venette       Chief Financial Officer, Secretary and Treasurer       (Principal Financial Officer and Principal Accounting Officer) |
|                    |   |                                                                                                                                                                          |
|                    |   |                                                                                                                                                                     |
|                    |   |                                                                                                                                                                     |

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