| 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) |   |

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|          | **Index**                                                                                                                                                                                                                                       | ****          |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|          |                                                                                                                                                                                                                                            |          |
| Part I        | ****                                                                                                                                                                                                                                            | **Page**      |
|          |                                                                                                                                                                                                                                            |          |
| Item 1.       | Financial      Statements                                                                                                                                                                                                                       |          |
|          |                                                                                                                                                                                                                                            |          |
|          | Balance Sheets as of September      30, 2008 (unaudited) and June 30, 2008                                                                                                                                                                      |   4 |
|          |                                                                                                                                                                                                                                            |          |
|          | Statements of Operations,      Three Months ended September 30, 2008 and 2007          And the period from April 26, 2006 (date of commencement of      development          Stage) through September 30, 2008 (unaudited). |   5 |
|          |                                                                                                                                                                                                                                            |          |
|          | Statements of Cash Flows,      three Months ended September 30, 2008 and 2007,         And the period from April 26, 2006 (date of commencement of      development          Stage) through September 30, 2008 (unaudited). |   6 |
|          |                                                                                                                                                                                                                                            |          |
|          | Notes to Financial Statements                                                                                                                                                                                                                   |   7 |
|          |                                                                                                                                                                                                                                            |          |
| Item      2.  | Management      Discussion & Analysis of Financial Conditions and Results of Operations                                                                                                                                                         |   9 |
|          |                                                                                                                                                                                                                                            |          |
| Item      3.  | Quantitative      and Qualitative Disclosures about Market Risk                                                                                                                                                                                 |   9 |
|          |                                                                                                                                                                                                                                            |          |
| Item      4T. | Controls      and Procedures.                                                                                                                                                                                                                   | 10            |
|          |                                                                                                                                                                                                                                            | ****          |
| Part II       | Other Information                                                                                                                                                                                                                               |               |
|          |                                                                                                                                                                                                                                            | ****          |
| Item      1.  | Legal Proceedings                                                                                                                                                                                                                               | 11            |
|          |                                                                                                                                                                                                                                                 |               |
| Item      1A. | Risk Factors                                                                                                                                                                                                                                    | 11            |
|          |                                                                                                                                                                                                                                            |          |
| Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                | 11            |
|          |                                                                                                                                                                                                                                            |          |
| Item      3.  | Defaults Upon      Senior Securities                                                                                                                                                                                                            | 11            |
|          |                                                                                                                                                                                                                                            |          |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                                                                                                                                                                                        | 11            |
|          |                                                                                                                                                                                                                                            |          |
| Item      5.  | Other Information                                                                                                                                                                                                                               | 11            |
|          |                                                                                                                                                                                                                                            |          |
| Item      6.  | Exhibits                                                                                                                                                                                                                                        | 11            |

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

| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **BALANCE SHEETS**        ASSETS                                                                                                                                                                                                                                                                                                        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   | September 30,         2008        (Unaudited) |   |   | June 30,        2008         (See Note 1) |   |
| Current Assets                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |
|      Cash                                                                                                                                                                                                                                                                                                                                                                              | $ | 1,050 |   | $ | 9,159 |   |
|      Marketable securities      net of fair value                  Adjustment      of $6,630 and $66,875                                                                                                                                                                                                                             |   | 870 |   |   | 26,875 |   |
|      Security      deposits                                                                                                                                                                                                                                                                                                                                                            |   | 775 |   |   | 775 |   |
|      Total Current      Assets                                                                                                                                                                                                                                                                                                                                                         |   | 2,695 |   |   | 36,809 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |  |   |   |  |   |
| Fixed Assets                                                                                                                                                                                                                                                                                                                                                                                                    |   |  |   |   |  |   |
|      Furniture      and equipment                                                                                                                                                                                                                                                                                                                                                      |   | 5,385 |   |   | 5,385 |   |
|           Less      accumulated depreciation                                                                                                                                                                                                                                                                                                                  |   | (769 | ) |   | (500 | ) |
|      Total      Fixed Assets                                                                                                                                                                                                                                                                                                                                                           |   | 4,616 |   |   | 4,885 |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                    | $ | 7,311 |   | $ | 41,694 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' (DEFICIT)/Equity                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Current Liabilities:                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
|      Accounts      Payable                                                                                                                                                                                                                                                                                                                                                             | $ | 51,394 |   | $ | 33,945 |   |
|      Accounts payable-related      party                                                                                                                                                                                                                                                                                                                                               |   | 3,450 |   |   | 1,257 |   |
|      Salaries      payable                                                                                                                                                                                                                                                                                                                                                             |   | 32,500 |   |   | - |   |
|      Total Current      Liabilities                                                                                                                                                                                                                                                                                                                                                    |   | 87,344 |   |   | 35,202 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |  |   |   |  |   |
| Total Liabilities                                                                                                                                                                                                                                                                                                                                                                                               |   | 87,344 |   |   | 35,202 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Stockholders' (Deficit)/Equity:                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Common Stock, $.01 par value,                         100,000,000      shares authorized                    13,471,208      and 13,471,208 shares                   issued      and outstanding respectively |   | 134,712 |   |   | 134,712 |   |
| Additional paid-in capital                                                                                                                                                                                                                                                                                                                                                                                      |   | 4,223,485 |   |   | 4,223,485 |   |
| Accumulated (deficit)                                                                                                                                                                                                                                                                                                                                                                                           |   | (3,539,288 | ) |   | (3,539,288 | ) |
| Accumulated (deficit) during development stage                                                                                                                                                                                                                                                                                                                                                                  |   | (898,942 | ) |   | (812,417 | ) |
| Total Stockholders' (Deficit)/Equity                                                                                                                                                                                                                                                                                                                                                                            |   | (80,033 | ) |   | 6,492 |   |
| Total Liabilities and Stockholders' (Deficit)                                                                                                                                                                                                                                                                                                                                                                   | $ | 7,311 |   | $ | 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 |   | For the         Period from        April 26,         2006 (date of         Commencement        of development        stage)         through |   |
|                                                                                                                         | September 30,         2008 |   | September 30,         2007 |   | September 30,         2008 |   |
| Revenues                                                                                                                | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Expenses:                                                                                                               |   |  |   |   |  |   |   |  |   |
|         Accounting      fees                                                    |   | 14,800 |   |   | 10,000 |   |   | 38,500 |   |
|         Legal      fees                                                         |   | 15,000 |   |   | 25,544 |   |   | 91,296 |   |
|         Press      release & edgar fees                                         |   | 285 |   |   | 1,273 |   |   | 5,945 |   |
|         Transfer      agent fees                                                |   | 4,254 |   |   | 4,721 |   |   | 17,644 |   |
|         Other      professional fees                                            |   | 830 |   |   | - |   |   | 4,739 |   |
|         Compensation      fees                                                  |   | 44,755 |   |   | - |   |   | 196,029 |   |
|         Bad      debt expense                                                   |   | 1,538 |   |   | - |   |   | 62,530 |   |
|         Travel      fees                                                        |   | - |   |   | 4,311 |   |   | 15,393 |   |
|         Rent      expense                                                       |   | 2,534 |   |   | - |   |   | 9,238 |   |
|         Other      fees                                                         |   | 1,546 |   |   | 914 |   |   | 28,411 |   |
|         Total      Expenses                                                     |   | 85,542 |   |   | 46,763 |   |   | 469,725 |   |
| Net (Loss) from Operations                                                                                              |   | (85,542 | ) |   | (46,763 | ) |   | (469,725 | ) |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Other Income (Loss):                                                                                                    |   |  |   |   |  |   |   |  |   |
|         Realized      (loss) - sale of Investment securities                    |   | (2,520 | ) |   | - |   |   | (431,848 | ) |
|         Interest      income                                                    |   | 1,537 |   |   | - |   |   | 2,631 |   |
|         Total      Other Income (Loss)                                          |   | (983 | ) |   | - |   |   | (429,217 | ) |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Net (Loss)                                                                                                              |   | (86,525 | ) |   | (46,763 | ) |   | (898,942 | ) |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Per Share                                                                                                               | $ | (.006 | ) | $ | (.004 | ) | $ | (.085 | ) |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Weighted Average Number of Shares Outstanding                                                                           |   | 13,471,208 |   |   | 12,429,808 |   |   | 10,544,819 |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements.                                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |

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| **OASIS ONLINE TECHNOLOGIES CORP**        (A Development Stage Company) **STATEMENTS OF CASH FLOWS**        (Unaudited) |
|-------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                    | Three Months Ended |   | For the         Period from        April 26,         2006 (date of         Commencement        of development        stage)         through |   |
|                                                                                                                         | September 30,         2008 |   | September 30,         2007 |   | September 30,         2008 |   |
| Cash Flows from Operating Activities:                                                                                   |   |  |   |   |  |   |   |  |   |
|         Net      (loss)                                                         | $ | (86,525 | ) | $ | (46,763 | ) | $ | (898,942 | ) |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Adjustments to reconcile      net loss to net cash used in operating activities:                                        |   |  |   |   |  |   |   |  |   |
|         Increase      in depreciation                                           |   | 269 |   |   | - |   |   | 769 |   |
|         Increase      in accounts payable                                       |   | 16,192 |   |   | 6,936 |   |   | 51,394 |   |
|         Increase      in due to affiliate                                       |   | 3,450 |   |   | - |   |   | 3,450 |   |
|         Increase      in salaries payable                                       |   | 32,500 |   |   | - |   |   | 32,500 |   |
|         (Decrease)      in checks written in excess of cash balance             |   | - |   |   | (5,293 | ) |   | - |   |
|         Loss      on investment securities                                      |   | 2,520 |   |   | - |   |   | 431,848 |   |
| Net Cash Used In Operating Activities                                                                                   |   | (31,59 | ) |   | (45,120 | ) |   | (378,981 | ) |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Cash Flows from Investing Activities:                                                                                   |   |  |   |   |  |   |   |  |   |
|         Furniture      and equipment                                            |   | - |   |   | - |   |   | (5,385 | ) |
|         Security      deposits                                                  |   | - |   |   | - |   |   | (775 | ) |
|         Cash      received from investment Securities                           |   | 23,485 |   |   | - |   |   | 309,782 |   |
|         Leasehold      improvement                                              |   | - |   |   | (397 | ) |   | - |   |
| Net Cash Provided By (Used      in) Investing Activities                                                                |   | 23,485 |   |   | (397 | ) |   | 303,622 |   |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Cash Flows from Financing      Activities                                                                               |   |  |   |   |  |   |   |  |   |
|         Issuance      of common stock for cash                                  |   | - |   |   | 41,851 |   |   | 71,046 |   |
|         Additional      paid-in capital                                         |   | - |   |   | 4,166 |   |   | 5,363 |   |
| Net Cash Provided by Financing Activities                                                                               |   | - |   |   | 46,017 |   |   | 76,409 |   |
|                                                                                                                    |   |  |   |   |  |   |   |  |   |
| Increase (decrease) in Cash                                                                                             |   | (8,109 | ) |   | 500 |   |   | 1,050 |   |
| Cash, Beginning of Period                                                                                               |   | 9,159 |   |   | - |   |   | - |   |
| Cash, End of Period                                                                                                     | $ | 1,050 |   | $ | 500 |   | $ | 1,050 |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Interest Paid                                                                                                           | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Income Taxes Paid                                                                                                       | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                    |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part      of the financial statements.                                           |   |  |   |   |  |   |   |  |   |

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

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

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| **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**** |
|-----------------|-----------------------------------------|

| ****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                                                                      |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                          |
| Exhibit 10.2 | Master License Agreement Executed on November      5, 2008 between TranSend International, Inc. and Oasis Online Technologies      Corp                                                       |
|         |                                                                                                                                                                                          |
| 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: November 11, 2008 |   | By:*/s/ Erik J. Cooper*      Erik J. Cooper       Chief Executive Officer and President       (Principal Executive Officer)                                                |
|                    |   |                                                                                                                                                                       |
| Date: November 11, 2008 |   | 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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