----

----

| Nevada                                         | 88-0456274                           |
|------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) |
|                                           |                                 |
| 2121 Sage Road, Suite 200, Houston, Texas      | 77056                                |
| (Address of principal executive offices)       | (Zip code)                           |

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EXOBOX TECHNOLOGIES CORP

|                                                                                                                                           | PAGE   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART I.FINANCIAL INFORMATION                                                                                                                   |   |
|                                                                                                                                           |   |
|                                                                                                                                           |   |
|                                                                                                                                           |   |
|                                                                                                                                           |   |
| Item 1. Financial Statements                                                                                                                   |   |
|                                                                                                                                           |   |
| Balance Sheets as of October 31, 2008and July 31, 2008(Unaudited).                                                                             | 3      |
|                                                                                                                                           |   |
| Statements of Operations for the three months ended October 31, 2008and 2007 and for the period from Inception to October 31, 2008(Unaudited). | 4      |
|                                                                                                                                           |   |
| Statements of Cash Flows for the three months ended October 31, 2008and 2007 and for the period from Inception to October 31, 2008(Unaudited). | 5      |
|                                                                                                                                           |   |
| Notes to the Financial Statements (Unaudited)                                                                                                  | 6      |
|                                                                                                                                           |   |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations                                                  | 9      |
|                                                                                                                                           |   |
| Item 3. Controls and Procedures                                                                                                                | 14     |
|                                                                                                                                           |   |
|                                                                                                                                           |   |
| PART II. OTHER INFORMATION                                                                                                                     |   |
|                                                                                                                                           |   |
| Item 1. Legal Proceedings                                                                                                                      | 15     |
|                                                                                                                                           |   |
| Item 3. Defaults Upon Senior Securities                                                                                                        | 15     |
|                                                                                                                                           |   |
| Item 6. Exhibits                                                                                                                               | 15     |
|                                                                                                                                           |   |
| Signatures                                                                                                                                     | 16     |

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Index

EXOBOX TECHNOLOGIES CORP.

| ASSETS                                                                                                                                                                              |   |                  |        |   |          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|-------------|--------|---------------|--------|
|                                                                                                                                                                                |   | October 31, 2008 |        |   | July 31, 2008 |   |
| Current Assets:                                                                                                                                                                     |   |                  |        |   |          |   |
| Cash                                                                                                                                                                                |   | $                     | 20,788      |   |          | $      | 767,338 |   |
| Other Current Assets                                                                                                                                                                |   |                  | 26,241      |   |          |   | 61,972 |   |
| Prepaid Insurance                                                                                                                                                                   |   |                  | 13,784      |   |          |   | 22,628 |   |
| Total Current Assets                                                                                                                                                                |   |                  | 60,813      |   |          |   | 851,938 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Property and equipment, net                                                                                                                                                         |   |                  | 389,875     |   |          |   | 213,223 |   |
| Other Assets:                                                                                                                                                                       |   |                  |        |   |          |   |   |   |
| Patents, net                                                                                                                                                                        |   |                  | 52,608      |   |          |   | 53,590 |   |
| Intangibles, net                                                                                                                                                                    |   |                  | 6,617       |   |          |   | 7,951 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| TOTAL ASSETS                                                                                                                                                                        |   | $                     | 509,913     |   |          | $      | 1,126,702 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)                                                                                                                                       |   |                  |        |   |          |   |   |   |
| Current Liabilities:                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Accounts Payable                                                                                                                                                                    |   | $                     | 152,883     |   |          | $      | 53,451 |   |
| Accrued Liabilities                                                                                                                                                                 |   |                  | 420,057     |   |          |   | 429,217 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Total Current Liabilities                                                                                                                                                           |   |                  | 572,940     |   |          |   | 482,668 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                                      |   |                  |        |   |          |   |   |   |
| Preferred stock:                                                                                                                                                                    |   |                  |        |   |          |   |   |   |
| Series A convertible preferred stock, $0.001 par, 2,500,000 shares authorized, 6,378 and 6,378 shares issued and outstanding as of October 31, 2008 and July 31, 2008, respectively |   |                  | 6           |   |          |   | 6 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Series B convertible preferred stock, $0.001 par, 2,000,000 shares authorized, 17,568 and 17,658 shares issued and outstanding at October 31, 2008 and July 31, 2008, respectively  |   |                  | 18          |   |          |   | 18 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 399,579,712 and 398,435,250 shares issued and outstanding at October 31, 2008 and July 31, 2008, respectively        |   |                  | 399,580     |   |          |   | 398,435 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Additional paid-in capital                                                                                                                                                          |   |                  | 10,138,516  |   |          |   | 9,952,921 |   |
| Deficit accumulated during development stage                                                                                                                                        |   |                  | (10,601,147 | )      |          |   | (9,707,346 | ) |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| Total stockholders' equity (deficit)                                                                                                                                                |   |                  | (63,027     | )      |          |   | 644,034 |   |
|                                                                                                                                                                                |   |                  |        |   |          |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                |   | $                     | 509,913     |   |          | $      | 1,126,702 |   |

----

Index

EXOBOX TECHNOLOGIES CORP.

|                                                  |   | QuarterEndedOctober 31, |         |   | QuarterEndedOctober 31, |   |        | October 21,2002(Inception)To Oct 31, |   |
|-------------------------------------------------------|--------|-------------------------|--------------|--------|-------------------------|--------|-------------|--------------------------------------|--------|
|                                                  |   | 2008                    |         |   | 2007                    |   |        | 2008                                 |   |
| Revenues                                              |   | $                       | -            |   |                    | $      | -           |                                 |   | $ | - |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| General & administrative                          |   |                    | 158,746      |   |                    |   | 38,206      |                                 |   |   | 1,042,534 |   |
| Depreciation and amortization                         |   |                    | 20,785       |   |                    |   | 2,168       |                                 |   |   | 59,108 |   |
| Professional fees                                     |   |                    | 403,497      |   |                    |   | 726,597     |                                 |   |   | 3,819,720 |   |
| Payroll expenses                                      |   |                    | 311,470      |   |                    |   | 288,000     |                                 |   |   | 4,855,461 |   |
| Software development expense                          |   |                    | -            |   |                    |   | -           |                                 |   |   | 521,394 |   |
| Research and development                              |   |                    | -            |   |                    |   | -           |                                 |   |   | 288,259 |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Total Operating Expenses                              |   |                    | 894,498      |   |                    |   | 1,054,971   |                                 |   |   | 10,586,476 |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Loss from Operations                                  |   |                    | 894,498      |   |                    |   | 1,054,971   |                                 |   |   | 10,586,476 |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Other Income (Expenses)                               |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| (Loss) Gain on derivatives                            |   |                    | -            |   |                    |   | 2,025,042   |                                 |   |   | 100,000 |   |
| Gain on extinguishment of note                        |   |                    | -            |   |                    |   | (395,000    | )                                    |   |   | 7,137 |   |
| Interest income                                       |   |                    | 1,323        |   |                    |   | -           |                                 |   |   | 3,412 |   |
| Interest expense                                      |   |                    | (625         | )      |                    |   | (3,077      | )                                    |   |   | (125,220 | ) |
| Total Other Income (Expenses)                         |   |                    | 698          |   |                    |   | 1,626,965   |                                 |   |   | (14,671 | ) |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Loss Before Income Taxes                              |   |                    | 893,800      |   |                    |   | 571,994     |                                 |   |   | 10,601,147 |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Provision for Income Taxes                            |   |                    | -            |   |                    |   | -           |                                 |   |   | - |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Net Loss                                              |   | $                       | (893,800     | )      |                    | $      | (571,994    | )                                    |   | $ | ((10,601,147 | ) |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Basic and diluted                                     |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Net loss per common share-basic and diluted           |   | $                       | (0.00        | )      |                    | $      | (0.00       | )                                    |   |   | n/a |   |
|                                                  |   |                    |         |   |                    |   |        |                                 |   |   |   |   |
| Weighted average shares outstanding-basic and diluted |   |                    | 398,844,9844 |   |                    |   | 363,312,984 |                                 |   |   | n/a |   |

----

Index

EXOBOX TECHNOLOGIES CORP.

|                                                                        |   | QuarterEndedOctober 31, |     |    | QuarterEndedOctober 31, |   |       | October 21,2002(Inception)to October 31, |   |
|-----------------------------------------------------------------------------|--------|-------------------------|----------|---------|-------------------------|--------|------------|------------------------------------------|--------|
|                                                                        |   | 2008                    |     |    | 2007                    |   |       | 2008                                     |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                        |   |                    |     |    |                    |   |       |                                     |   |
| Net Loss                                                                    |   | $                       | (893,800 | )       |                    | $      | 571,994    |                                     |   | $ | (10,601,147 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Share-based compensation                                                    |   |                    | 186,740  |    |                    |   | -          |                                     |   |   | 2,308,990 |   |
| Warrant issued for consulting services                                      |   |                    | -        |    |                    |   | 434,165    |                                     |   |   | 446,660 |   |
| Stock issued for services                                                   |   |                    | -        |    |                    |   | 213,948    |                                     |   |   | 1,547,318 |   |
| Depreciation and amortization                                               |   |                    | 20,785   |    |                    |   | 2,168      |                                     |   |   | 59,108 |   |
| (Gain) Loss on derivative                                                   |   |                    | -        |    |                    |   | (1,630,042 | )                                   |   |   | 5,000 |   |
| (Gain) Loss on debt extinguishment                                          |   |                    | -        |    |                    |   | -          |                                     |   |   | (7,137 | )  |
| Changes in operating assets and  liabilities                      |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Prepaid and other current assets                                            |   |                    | 44,577   |    |                    |   | (3,911)    |                                     |   |   | (40,021 | ) |
| Accounts payable                                                            |   |                    | 99,429   |    |                    |   | 27,841     |                                     |   |   | 152,881 |   |
| Accrued expenses                                                            |   |                    | (9,160)  |    |                    |   | 290,137    |                                     |   |   | 1,852,574 |   |
| Accounts payables to stockholders                                           |   |                    | -        |    |                    |   | 715        |                                     |   |   | 0 |   |
| NET CASH USED IN OPERATING ACTIVITIES                                       |   |                    | (551,429 | )       |                    |   | (92,985    | )                                        |   |   | (4,275,774 | ) |
|                                                                        |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| CASH FLOW FROM INVESTING ACTIVITIES                                         |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Investment in patents                                                       |   |                    | -        |    |                    |   | -          |                                     |   |   | (67,233 | ) |
| Investment in intangible assets                                             |   |                    | -        |    |                    |   | -          |                                     |   |   | (16,000 | ) |
| Investment in property and equipment                                        |   |                    | (195,121 | )  |                    |   | -          |                                     |   |   | (424,977 | ) |
| NET CASH USED IN INVESTING ACTIVITIES                                       |   |                    | (195,121 | )  |                    |   | -          |                                     |   |   | (508,210 | ) |
|                                                                        |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                        |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Proceeds from sale of stock                                                 |   |                    | -        |    |                    |   | -          |                                     |   |   | 4,774,000 |   |
| Advances from stockholders                                                  |   |                    | -        |    |                    |   | 80,500     |                                     |   |   | 400,702 |   |
| Proceeds from warrants exercised                                            |   |                    | -        |    |                    |   | 13,500     |                                     |   |   | 31,500 |   |
| Repayment of advances from stockholders                                     |   |                    | -        |    |                    |   | (9,000     | )                                   |   |   | (401,430 | ) |
| Payments to third party                                                     |   |                    | -        |    |                    |   | -          |                                     |   |   | (100,000 | )  |
| Convertible note proceeds                                                   |   |                    | -        |    |                    |   | -          |                                     |   |   | 100,000 |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                   |   |                    | 0        |    |                    |   | 85,000     |                                     |   |   | 4,804,772 |   |
|                                                                        |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| NET CHANGE IN CASH AND CASH EQUIVALENTS                                     |   |                    | (746,550 | )  |                    |   | (7,985     | )                                   |   |   | 20,788 |   |
| Cash and cash equivalents at beginning of period                            |   |                    | 767,338  |    |                    |   | 8,363      |                                     |   |   | - |   |
| Cash and cash equivalents at end of period                                  |   | $                       | 20,788   |    |                    | $      | 378        |                                     |   | $ | 20,788 |   |
|                                                                        |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES                                                    |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Cash paid for interest                                                      |   | $                       | 625      |    |                    | $      | 3,077      |                                     |   |   |   |   |
| Cash paid for income taxes                                                  |   |                    | -        |    |                    |   | -          |                                     |   |   |   |   |
| NON-CASH TRANSACTIONS                                                       |   |                    |     |    |                    |   |       |                                     |   |   |   |   |
| Conversion of Preferred shares to Common Shares                             |   | $                       | -        |    |                    |   | -          |                                     |   |   |   |   |

----

Index

EXOBOX TECHNOLOGIES CORP.

| Description                               | Life    |   |   | Amount |    |
|-------------------------------------------|---------|--------|--------|--------|---------|
| Furniture and fixtures                    | 5 years |   |   | $      | 169,039 |   |
| Leasehold improvements                    | 5 years |   |   |   | 154,803 |   |
| Computers                                 | 3 years |   |   |   | 58,886  |   |
| Telephone system                          | 5 years |   |   |   | 37,960  |   |
| Copier                                    | 5 years |   |   |   | 4,288   |   |
|                                      |    |   |   |   | 424,976 |   |
| Less: accumulated depreciation  |    |   |   |   | (35,101 | ) |
|                                      |    |   |   | $      | 389,875 |   |

----

Index

| Warrants Outstanding and Exercisable |   | Warrants |       |    | WeightedAverageExercisePrice |   |
|--------------------------------------|--------|----------|------------|---------|------------------------------|--------|
| OUTSTANDING, July 31, 2007           |   |     | 4,460,000  |    |                         | $      | 0.20 |   |
| Granted                              |   |     | 7,300,000  |    |                         |   | 0.86 |   |
| Expired                              |   |     | -          |    |                         |   | - |   |
| Exercised                            |   |     | (67,500    | )  |                         |   | 0.20 |   |
| OUTSTANDING, July 31, 2008           |   |     | 11,692,500 |    |                         | $      | 0.61 |   |
| Granted                              |   |     | -          |    |                         |   | - |   |
| Expired                              |   |     | -          |    |                         |   | - |   |
| Exercised                            |   |     | -          |    |                         |   | - |   |
| OUTSTANDING, October 31, 2008        |   |     | 11,692,500 |    |                         | $      | 0.61 |   |

| Number of Common Stock Equivalents |   | Expiration Date |   | Remaining Contracted Life (Years) |   | Exercise Price |   |
|------------------------------------|--------|-----------------|--------|-----------------------------------|--------|----------------|--------|
| 4,342,500                          |   | 10/31/2010      |   | 2.00                              |   | $              | 0.20   |   |
| 1,500,000                          |   | 9/24/2012       |   | 3.95                              |   | $              | 0.30   |   |
| 50,000                             |   | 7/31/2011       |   | 2.75                              |   | $              | 0.25   |   |
| 5,800,000                          |   | 12/31/2011      |   | 2.97                              |   | $              | 1.00   |   |

----

Index

| Expected volatility     | 195.06% - 242.68% |
|-------------------------|-------------------|
| Term (years)            | 1.5 – 4.5   |
| Risk-free interest rate | 1.82% - 3.01%     |
| Expected dividend yield | 0%                |

|                          |   | Options |    |   | Weighted Average Exercise Price |   |
|-------------------------------|--------|---------|---------|--------|---------------------------------|--------|
| OUTSTANDING, July 31, 2008    |   |    | -       |   |                            | $      | 0.00 |   |
|                          |   |    |    |   |                            |   |   |   |
| Granted                       |   |    | 200,000 |   |                            | $      | 0.25 |   |
| Expired                       |   |    | -       |   |                            |   | - |   |
| Exercised                     |   |    | -       |   |                            |   | - |   |
| OUTSTANDING, October 31, 2008 |   |    | 200,000 |   |                            | $      | 0.25 |   |

|    | Number of Common Stock Equivalents |   | Expiration Date |   | Remaining Contracted Life (Years) |   | Exercise Price |
|---------|------------------------------------|--------|-----------------|--------|-----------------------------------|--------|----------------|
|    | 50,000                             |   | 10/14/2011      |   | 3                                 |   | 0.25           |
|    | 50,000                             |   | 10/14/2012      |   | 4                                 |   | 0.25           |
|    | 50,000                             |   | 10/14/2013      |   | 5                                 |   | 0.25           |
|    | 50,000                             |   | 10/14/2014      |   | 6                                 |   | 0.25           |
| Balance | 200,000                            |   |            |   | 4.50                              |   |           |

|                                 |   | Options |    |
|--------------------------------------|--------|---------|---------|
| Nonvested shares at July 31, 2008    |   |    | -       |   |
| Granted                              |   |    | 200,000 |   |
| Vested                               |   |    | (50,000 | ) |
| Expired                              |   |    | -       |   |
| Exercised                            |   |    | -       |   |
| Nonvested shares at October 31, 2008 |   |    | 150,000 |   |

----

Index

ITEM 

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Index

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Index

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Index

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Index

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Index

TEM 

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Index

| EXOBOX TECHNOLOGIES CORP. | OTHER INFORMATION |
|---------------------------|-------------------|

Item 1. Legal Proceedings

Item 3

Item 6. 

|   | 31.1 Certification of CEO, Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|--------------------------------------------------------------------------------------|
|   |                                                                                 |
|   | 31.2 Certification of CFO, Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |                                                                                 |
|   | 32.1 Certification of CEO, Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|   |                                                                                 |
|   | 32.2 Certification of CFO, Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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Index

EXOBOX TECHNOLOGIES CORP

|                     | EXOBOX TECHNOLOGIES CORP.                    |
|--------------------------|----------------------------------------------|
|                     |                                         |
| Dated: December 15, 2008 | By: /s/ Robert B. Dillon                     |   |
|                     | Robert B. Dillon                             |
|                     | Chief Executive Officer                      |
|                     | (Principal Executive Officer)                |
|                     |                                         |
|                     |                                         |
| Dated: December 15, 2008 | By: /s/ Michael G. Wirtz                     |   |
|                     | Michael G. Wirtz                             |
|                     | Chief Financial Officer                      |
|                     | (Principal Financial and Accounting Officer) |

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