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**SECURITIES      AND EXCHANGE COMMISSION**

**EXOBOX      TECHNOLOGIES CORP**

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**EXOBOX      TECHNOLOGIES CORP.**

|                                                                                                                                                                                                                     | PAGE   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART                I. FINANCIAL INFORMATION                                                                                                                                                                             |   |
|                                                                                                                                                                                                                     |   |
| Item                1. Financial Statements                                                                                                                                                                              |   |
|                                                                                                                                                                                                                     |   |
| Balance                Sheets (Unaudited) as of January 31, 2007 and July 31,                2006.                                                                                                                       | 3      |
|                                                                                                                                                                                                                     |   |
| Statements                of Expenses (Unaudited) for the three and six months ended January                31,                2007 and 2006  and                for the period from Inception to January 31, 2007. | 4      |
|                                                                                                                                                                                                                     |   |
| Statements                of Cash Flows (Unaudited) for the six months ended January 31, 2007                and                2006  and                for the period from Inception to January 31, 2007.         | 5      |
|                                                                                                                                                                                                                     |   |
| Notes                to the Unaudited Financial Statements                                                                                                                                                               | 6      |
|                                                                                                                                                                                                                     |   |
| Item                2. Management's Discussion and Analysis of Financial Condition and                Results                of Operations                                                                               | 8      |
|                                                                                                                                                                                                                     |   |
| Item                3. Controls and Procedures                                                                                                                                                                           | 9      |
|                                                                                                                                                                                                                     |   |
|                                                                                                                                                                                                                     |   |
| PART                II. OTHER INFORMATION                                                                                                                                                                                |   |
|                                                                                                                                                                                                                     |   |
| Item                1. Legal Proceedings                                                                                                                                                                                 | 10     |
|                                                                                                                                                                                                                     |   |
| Item                3. Defaults Upon Senior Securities                                                                                                                                                                   | 10     |
|                                                                                                                                                                                                                     |   |
| Item                6. Exhibits and Reports on Form 8-K                                                                                                                                                                  | 10     |
|                                                                                                                                                                                                                     |   |
| Signatures                                                                                                                                                                                                               | 11-15  |

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**EXOBOX      TECHNOLOGIES CORP.**

|                                                                                                                                                                                                                                                                                                   | January                    31, 2007 |   | July                    31, 2006 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|--------|----------------------------------|
| **ASSETS**                                                                                                                                                                                                                                                                                             |                                |   |                             |
| Cash                                                                                                                                                                                                                                                                                                   | $                    86             |   | $117,719                         |
|                                                                                                                                                                                                                                                                                                   |                                |   |                             |
| Property                    and equipment, net                                                                                                                                                                                                                                                         | 15,240                              |   | 18,314                           |
|                                                                                                                                                                                                                                                                                                   |                                |   |                             |
| Patents                                                                                                                                                                                                                                                                                                | 67,233                              |   | 67,233                           |
| Intangibles,                    net                                                                                                                                                                                                                                                                    | 4,550                               |   | 5,810                            |
| TOTAL                    ASSETS                                                                                                                                                                                                                                                                        | $                    87,109         |   | $209,076                         |
|                                                                                                                                                                                                                                                                                                   |                                |   |                             |
| **LIABILITIES                    AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                                                                                                                                                                                  |                                |   |                             |
| Current                    Liabilities:                                                                                                                                                                                                                                                                |                                |   |                             |
| Accounts                    Payable                                                                                                                                                                                                                                                                    | $162,565                            |   | $83,453                          |
| Accounts                    Payable-Stockholder                                                                                                                                                                                                                                                        | 322                                 |   | -                                |
| Accrued                    Liabilities                                                                                                                                                                                                                                                                 | 4,298                               |   | -                                |
| Advances                    from Stockholder                                                                                                                                                                                                                                                           | 24,400                              |   | -                                |
| Convertible                    Note Payable                                                                                                                                                                                                                                                            | 105,000                             |   | -                                |
| Derivative                    Liability                                                                                                                                                                                                                                                           | 1,573,559                           |   | -                                |
| Total                    current liabilities                                                                                                                                                                                                                                                           | 1,870,144                           |   | 83,453                           |
|                                                                                                                                                                                                                                                                                                   |                                |   |                             |
| **STOCKHOLDERS'                    EQUITY (DEFICIT)**                                                                                                                                                                                                                                                  |                                |   |                             |
|                                                                                                                                                                                                                                                                                                   |                                |   |                             |
| Preferred                    stock:                                                                                                                                                                                                                                                                    |                                |   |                             |
| Series                    A convertible preferred stock, $0.001 par, 2,500,000 shares authorized,                    2,389,915 shares issued and outstanding at January                    31, 2007 and 2,392,915 shares issued and outstanding at July                    31,                    2006 | 2,390                               |   | 2,393                            |
| Series                    B convertible preferred stock, $0.001 par, 2,000,000 shares authorized,                    860,940 shares issued and outstanding at January 31, 2007 and                    1,231,080                    shares issued and outstanding at July 31, 2006                      | 861                                 |   | 1,231                            |
| Series                    C convertible preferred stock, $0.001 par, 25,000 shares authorized,                    20,000 shares issued and outstanding at January 31, 2007 and                    July 31,                    2006                                                                     | 20                                  |   | 20                               |
| Series                    D convertible preferred stock, $0.001 par, 110,150 shares authorized,                    110,150 shares issued and outstanding at January 31, 2007                                                                                                                           | 110                                 |   | -                                |
| Common                    stock, $0.001 par value, 500,000,000 shares authorized, 35,067,903                    shares                    issued and outstanding at January 31, 2007 and 10,917,500 shares                    issued                    and outstanding at July 31, 2006               | 35,068                              |   | 10,918                           |
| Additional                    paid-in capital                                                                                                                                                                                                                                                          | 2,598,046                           |   | 2,621,933                        |
| Deficit                    accumulated during the development stage                                                                                                                                                                                                                                    | (4,419,530)                         |   | (2,510,872)                      |
| Total                    stockholders' equity (deficit)                                                                                                                                                                                                                                                | (1,783,035)                         |   | 125,623                          |
| TOTAL                    LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                          | $                    87,109         |   | $209,076                         |

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**EXOBOX      TECHNOLOGIES CORP.**

|                                                     |   | 3                      Months Ended   |       | 6                      Months Ended  |   | Inception                      to January 31,2007 |   |
|----------------------------------------------------------|--------|---------------------------------------|------------|--------------------------------------|--------|---------------------------------------------------|--------|
|                                                     |   | January                      31, 2007 |       | January                      31,2006 |   | January                      31, 2007             |   | January                      31, 2006 |   |
|                                                     |   |                                  |       |                                 |   |                                              |   |   |   |   |   |
| Other                      General & Administrative  |   | $                                     | 27,676     |                                 | $      | 42,673                                            |   | $ | 119,916 |   | $ | 165,966 |   | $ | 433,749 |   |
| Depreciation                      and amortization       |   |                                  | 2,168      |                                 |   | 839                                               |   |   | 4,336 |   |   | 839 |   |   | 9,308 |   |
| Professional                      Fees                   |   |                                  | 51,186     |                                 |   | 787,147                                           |   |   | 95,822 |   |   | 803,969 |   |   | 1,134,873 |   |
| Payroll                      Expenses                    |   |                                  | 5,050      |                                 |   | 99,847                                            |   |   | 106,779 |   |   | 198,822 |   |   | 525,387 |   |
| Software                      development expense        |   |                                  | -          |                                 |   | -                                                 |   |   | 243 |   |   | - |   |   | 446,393 |   |
| Research                      and Development            |   |                                  | -          |                                 |   | -                                                 |   |   | - |   |   | - |   |   | 288,259 |   |
| Loss                      on derivatives                 |   |                                  | 42,263     |                                 |   | -                                                 |   |   | 1,581,561 |   |   | - |   |   | 1,581,561 |   |
|                                                     |   |                                  |            |                                 |   |                                                   |   |   |   |   |   |   |   |   |  |   |
| Net                      Loss                            |   | $                                     | (128,343   | )                                    | $      | (930,506                                          | )      | $ | (1,908,657 | ) | $ | (1,169,596 | ) | $ | (4,419,530 | ) |
|                                                     |   |                                  |            |                                 |   |                                                   |   |   |   |   |   |   |   |   |  |   |
| Basic                      and diluted                   |   |                                  |            |                                 |   |                                                   |   |   |   |   |   |   |   |   |  |   |
| Net                      loss per common share           |   | $                                     | (0.01      | )                                    | $      | (0.02                                             | )      | $ | (0.10 | ) | $ | (0.04 | ) |   |   |   |
|                                                     |   |                                  |            |                                 |   |                                                   |   |   |   |   |   |   |   |   |  |   |
| Weighted                      average shares outstanding |   |                                  | 26,911,277 |                                 |   | 10,867,500                                        |   |   | 18,917,389 |   |   | 10,867,500 |   |   |   |   |

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**EXOBOX      TECHNOLOGIES CORP.**

|                                                            |   | 6                Months Ended January 31, 2007 |        | 6                Months Ended January 31, 2006 |   | Inception                to January 31, 2007 |   |
|-----------------------------------------------------------------|--------|------------------------------------------------|-------------|------------------------------------------------|--------|----------------------------------------------|--------|
| CASH                FLOWS FROM OPERATING ACTIVITIES             |   |                                           |        |                                           |   |                                         |   |
| Net                Loss                                         |   |                                           | ($1,908,657 | )                                              |   | ($1,169,596                                  | )      |   | ($4,419,530 | ) |
| Adjustments                to reconcile net loss to net cash    |   |                                           |        |                                           |   |                                         |   |   |   |   |
| Used                in operating activities:                    |   |                                           |        |                                           |   |                                         |   |   |   |   |
| Share-based                compensation                         |   |                                           | -           |                                           |   | 750,000                                      |   |   | 750,000 |   |
| Warrant                issued for consulting services           |   |                                           | -           |                                           |   | -                                            |   |   | 12,495 |   |
| Depreciation                and Amortization                    |   |                                           | 4,336       |                                           |   | -                                            |   |   | 9,307 |   |
| Loss                on Derivative                               |   |                                           | 1,581,561   |                                           |   | -                                            |   |   | 1,581,561 |   |
| Increase                in Accounts Payable                     |   |                                           | 79,109      |                                           |   | 1,558                                        |   |   | 162,565 |   |
| Increase                in accrued expenses                     |   |                                           | 1,296       |                                           |   | 19,491                                       |   |   | 1,296 |   |
| Increase/(decrease)                in accounts payables         |   |                                           |        |                                           |   |                                         |   |   |   |   |
| to                stockholders                                  |   |                                           | 322         |                                           |   | (3,163                                       | )      |   | 7,500 |   |
| NET                CASH USED IN OPERATING ACTIVITIES            |   |                                           | (242,033    | )                                              |   | (401,710                                     | )      |   | (1,894,806 | ) |
|                                                            |   |                                           |        |                                           |   |                                         |   |   |   |   |
| CASH                FLOW FROM INVESTING ACTIVITIES              |   |                                           |        |                                           |   |                                         |   |   |   |   |
| Investment                in Patents                            |   |                                           | -           |                                           |   | (13,200                                      | )      |   | (67,233 | ) |
| Investment                in intangible assets                  |   |                                           | -           |                                           |   | (7,700                                       | )      |   | (7,700 | ) |
| Investment                in property and equipment             |   |                                           | -           |                                           |   | (3,958                                       | )      |   | (21,397 | ) |
| NET                CASH USED IN INVESTING ACTIVITIES            |   |                                           | -           |                                           |   | (24,858                                      | )      |   | (96,330 | ) |
|                                                            |   |                                           |        |                                           |   |                                         |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES             |   |                                           |        |                                           |   |                                         |   |   |   |   |
| Capital                contributions                            |   |                                           | -           |                                           |   | 1,000,000                                    |   |   | 1,874,000 |   |
| Advances                from stockholder                        |   |                                           | 24,400      |                                           |   | -                                            |   |   | 30,850 |   |
| Repayment                of advances from Stockholders          |   |                                           | -           |                                           |   | (2,950                                       | )      |   | (13,628 | ) |
| Convertible                Note                                 |   |                                           | 100,000     |                                           |   | -                                            |   |   | 100,000 |   |
| NET                CASH PROVIDED BY FINANCING ACTIVITIES        |   |                                           | 124,400     |                                           |   | 997,050                                      |   |   | 1,991,222 |   |
|                                                            |   |                                           |        |                                           |   |                                         |   |   |   |   |
| NET                CHANGE IN CASH AND CASH EQUIVALENTS          |   |                                           | (117,633    | )                                              |   | 570,482                                      |   |   | 86 |   |
| Cash                and cash equivalents at beginning of period |   |                                           | 117,719     |                                           |   | 54                                           |   |   | 0 |   |
| Cash                and cash equivalents at end of period       |   | $                                              | 86          |                                           | $      | 570,536                                      |   | $ | 86 |   |
|                                                            |   |                                           |        |                                           |   |                                              |   |   |  |   |
|                                                            |   |                                           |        |                                           |   |                                         |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES                         |   |                                           |        |                                           |   |                                         |   |   |   |   |
| Cash                paid for interest                           |   | $                                              | 2,801       |                                           | $      | -                                            |   | $ | 2,921 |   |
| Cash                paid for income taxes                       |   |                                           | -           |                                           |   | -                                            |   |   | - |   |

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**EXOBOX      TECHNOLOGIES CORP.**

| Issue                Date | Due                Date | Instrument                        | Exercise                Price Per Share | Value                -Issue                Date | Value                -January                31, 2007 |
|---------------------------|-------------------------|-----------------------------------|-----------------------------------------|-------------------------------------------------|-------------------------------------------------------|
| 09-14-2006                | 05-31-2007              | $105,000                term loan | $0.03                                   | $1,031,211                                      | $1,573,559                                            |

|                                | January                  31, 2007 |   | October                  31, 2006 |   | Loss                  (three                  months) |   |
|-------------------------------------|-----------------------------------|--------|-----------------------------------|--------|-------------------------------------------------------|--------|
| $105,000                  term loan | $1,573,559                        |   | $1,634,187                        |   | $42,263                                               | (a)    |
|                                |                              |   |                              |   |                                                  |   |
|                                | January                  31, 2007 |   | July                  31, 2006    |   | Loss(six                  months)                     |   |
|                                | $1,573,559                        |   | $                  -              |   | $1,581,561                                            | (a)    |

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**EXOBOX      TECHNOLOGIES CORP.**

|                                 |   | **EXOBOX                TECHNOLOGIES CORP.**                |   |
|--------------------------------------|--------|-------------------------------------------------------------|--------|
|                                 |   |                                                        |   |
| Dated:                March 26, 2007 |   | By:                /s/ Robert B. Dillon                     |   |
|                                 |   | Robert                B. Dillon                             |   |
|                                 |   | Chief                Executive Officer                      |   |
|                                 |   | (Principal                Executive Officer)                |   |
|                                 |   |                                                        |   |
|                                 |   |                                                        |   |
| Dated:                March 26, 2007 |   | By:                /s/ Michael G. Wirtz                     |   |
|                                 |   | Michael                G. Wirtz                             |   |
|                                 |   | Chief                Financial Officer                      |   |
|                                 |   | (Principal                Financial and Accounting Officer) |   |