**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

** **
**FORM      10-Q**

| ý | **QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE****SECURITIES                EXCHANGE ACT OF 1934** |
|--------|------------------------------------------------------------------------------------------------------------------------|

**JUNE      30, 2008**

|  ̈ | **TRANSITION                REPORT UNDER SECTION13 OR 15(d) OF THE ****EXCHANGE                ACT** |
|--------|-----------------------------------------------------------------------------------------------------------|

**BANX      AND GREEN GROUP, INC**
**.**

| **Nevada**                                                                                        |   | **88-0227424**                                      |
|---------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S.                Employer Identification No.) |

** **
**6445      S. CHICKASAW TRAIL # 318, ORLANDO, FL 32829 **

** **

**(407)      286-4103**

| Large                accelerated filer  ̈ | Accelerated                filer  ̈    |
|-----------------------------------------------|--------------------------------------------|
|                                          |                                       |
| Non-accredited                filer  ̈    | Smaller                reporting company x |

----

**Banx      and Green Group, Inc. **

**TABLE      OF CONTENTS**

| Part                1 — Financial Information | 1                      |
|-----------------------------------------------------|------------------------|
|                                                | Item                1  | Consolidated                Financial Statements | 1 |
|                                                |                   | Consolidated                Balance Sheets | 1 |
|                                                |                   | Consolidated                Statements of Operations | 2 |
|                                                |                   | Consolidated                Statements of Cash Flows | 3 |
|                                                |                   | Consolidated                Statement of Changes in Stockholders’ Equity | 5 |
|                                                |                   | Notes                to Consolidated Financial Statements | 6 |
|                                                | Item                2  | Management’s                Discussion and Analysis | 8 |
|                                                | Item                3  | Quantitative                and Qualitative Disclosures About Market Risk | 9 |
|                                                | Item                4T | Controls                and Procedures | 9 |
|                                                |                   |   |   |
| Part                II—Other Information      | 10                     |
|                                                | Item                1  | Legal                Proceedings | 10 |
|                                                | Item                1A | Risk                Factors | 10 |
|                                                | Item                2  | Unregistered                Sales of Equity Securities and Use of Proceeds | 10 |
|                                                | Item                3  | Defaults                Upon Senior Securities | 10 |
|                                                | Item                4  | Submission                of Matters to a Vote of Security Holders | 10 |
|                                                | Item                5  | Other                Matters | 10 |
|                                                | Item                6  | Exhibits                and Reports on Form 8K | 10 |
|                                                |                   |   |   |
| Signatures                                          | 11                     |

----

**PART      1— FINANCIAL INFORMATION**

**Item      1. Consolidated Financial Statements**

**BANX      AND GREEN GROUP, INC.**

**CONSOLIDATED      BALANCE SHEET**

|                                                                                                                                                 |   | June 30, 2008(unaudited) |       | December 31, 2007(audited) |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|------------|--------------------------------------|--------|
| **ASSETS**                                                                                                                                           |   |                               |       |                                 |   |   |   |
| Cash                                                                                                                                                 |   | $                                  | 1,554      |                                 | $      | 1,941 |   |
| Accounts                receivable                                                                                                                   |   |                               | 1,505      |                                 |   | 13,981 |   |
| Inventory                                                                                                                                            |   |                               | 32,650     |                                 |   | 91,300 |   |
| **CURRENT                ASSETS**                                                                                                                    |   |                               | 35,709     |                                 |   | 107,222 |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| Subsidiary                Investment                                                                                                                 |   |                               | 250,000    |                                 |   | - |   |
| Music                Catalog Investments                                                                                                             |   |                               | 30,000     |                                 |   | - |   |
| **TOTAL                OTHER ASSETS**                                                                                                                |   |                               | 280,000    |                                 |   | - |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| Equipment                                                                                                                                            |   |                               | 10,134     |                                 |   | - |   |
| Accumulated                Depreciation                                                                                                              |   |                               | (2,027     | )                                    |   | - |   |
| **TOTAL                FIXED ASSETS**                                                                                                                |   |                               | 8,107      |                                 |   | - |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| **TOTAL                ASSETS**                                                                                                                      |   | $                                  | 323,816    |                                 | $      | 107,222 |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIT)**                                                                                      |   |                               |       |                                 |   |   |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| **CURRENT                LIABILITIES**                                                                                                               |   |                               |       |                                 |   |   |   |
| Accounts                payable                                                                                                                      |   | $                                  | 102,928    |                                 | $      | 111,967 |   |
| Accounts                payable -related parties                                                                                                     |   |                               | 175,809    |                                 |   | 174,972 |   |
| Accrued                expenses                                                                                                                      |   |                               | 91,115     |                                 |   | 70,810 |   |
| Wages                payable                                                                                                                         |   |                               | 283,425    |                                 |   | 283,425 |   |
| Loans                payable – related party                                                                                              |   |                               | 178,887    |                                 |   | 192,255 |   |
| Royalties                payable                                                                                                                     |   |                               | 39,044     |                                 |   | - |   |
| Current                loan payable                                                                                                                  |   |                               | 225,000    |                                 |   | 225,000 |   |
| Total                Current Liabilities                                                                                                             |   |                               | 1,096,208  |                                 |   | 1,099,854 |   |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| **STOCKHOLDERS’                EQUITY (DEFICIT)**                                                                                              |   |                               |       |                                 |   |   |   |
| Preferred                stock; 10,000,000 shares authorized; $.001 Par Value; 296,300 shares                issued and outstanding at June 30, 2008 |   |                               | 296        |                                 |   | 296 |   |
| Capital                stock, $.001 Par Value; 50,000,000 shares authorized; 8,776,311 shares                issued and outstanding at June 30, 2008 |   |                               | 8,776      |                                 |   | 8,776 |   |
| Additional                paid-in capital                                                                                                            |   |                               | 2,750,724  |                                 |   | 2,750,724 |   |
| Deficit                accumulated during the development stage                                                                                      |   |                               | (3,532,188 | )                                    |   | (3,521,266 | ) |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| Total                Stockholders’ Equity                                                                                                      |   |                               | (772,392   | )                                    |   | (761,470 | ) |
|                                                                                                                                                 |   |                               |       |                                 |   |   |   |
| **TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIT**                                                                                 |   | $                                  | 323,816    |                                 | $      | 338,384 |   |

----

**BANX      AND GREEN GROUP, INC**

**CONSOLIDATED      STATEMENTS OF OPERATIONS (UNAUDITED)**

|                                                                  |   | For theThreeMonthsEndedJune 30,2008 |      | For theThreeMonthsEndedJune 30,2007 |   | For theSixMonthsEndedJune 30,2008 |   | For theSixMonthsEndedJune 30,2007 |      |
|-----------------------------------------------------------------------|--------|-----------------------------------------------|-----------|-----------------------------------------------|--------|---------------------------------------------|--------|---------------------------------------------|-----------|
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |
| **NET                SALES**                                          |   | $                                             | 18,419    |                                          | $      | 31,422                                      |   | $                                           | 86,838    |   | $ | 66,576 |   |
|                                                                  |   |                                          |      |                                          |   |                                             |   |                                        |      |   |   |  |   |
| **COST                OF SALES**                                      |   |                                          | 7,698     |                                          |   | 21,377                                      |   |                                        | 55,071    |   |   | 45,051 |   |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **Gross                Margin**                                       |   |                                          | 10,721    |                                          |   | 10,045                                      |   |                                        | 31,767    |   |   | 21,525 |   |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **EXPENSES**                                                          |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| Wages                                                                 |   |                                          | -         |                                          |   | 40,500                                      |   |                                        | -         |   |   | 68,000 |   |
| General                and Administrative Expenses                    |   |                                          | 10,375    |                                          |   | 20,243                                      |   |                                        | 31,757    |   |   | 36,950 |   |
| **TOTAL                OPERATING EXPENSES**                           |   |                                          | 10,375    |                                          |   | 60,743                                      |   |                                        | 31,757    |   |   | 104,950 |   |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **Net                Income (Loss) from Operations**                  |   |                                          | 346       |                                          |   | (50,698                                     | )      |                                        | 10        |   |   | (83,425 | ) |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **OTHER                INCOME (EXPENSE)**                             |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| Gain(loss)                on Sale of Marketable Securities            |   |                                          | -         |                                          |   | -                                           |   |                                        | -         |   |   | (168 | ) |
| Interest                Expense                                       |   |                                          | (11,267   | )                                             |   | (10,152                                     | )      |                                        | (24,019   | ) |   | (20,304 | ) |
| **TOTAL                OTHER INCOME (LOSS)**                          |   |                                          | (11,267   | )                                             |   | (10,152                                     | )      |                                        | (24,019   | ) |   | (20,472 | ) |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **NET                LOSS BEFORE INCOME TAXES**                       |   |                                          | (10,921   | )                                             |   | (60,850                                     | )      |                                        | (24,009   | ) |   | (103,897 | ) |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **PROVISION                FOR INCOME TAXES**                         |   |                                          | -         |                                          |   | -                                           |   |                                        | -         |   |   | - |   |
|                                                                  |   |                                          |      |                                          |   |                                        |   |                                        |      |   |   |   |   |
| **NET                LOSS**                                           |   | $                                             | (10,921   | )                                             | $      | (60,850                                     | )      | $                                           | (24,009   | ) | $ | (103,897 | ) |
| **BASIC                and DILUTED****LOSS                PER SHARE** |   | $                                             | (0.00     | )                                             | $      | (0.01                                       | )      | $                                           | (0.00     | ) | $ | (0.01 | ) |
| **WEIGHTED                AVERAGE SHARES OUTSTANDING**                |   |                                          | 8,776,311 |                                          |   | 8,776,311                                   |   |                                        | 8,776,311 |   |   | 8,776,311 |   |

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**BANX      AND GREEN GROUP, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      STATEMENTS OF CASH FLOWS (UNAUDITED)**

|                                                                                                        |   | For the SixMonthsEnded June30, 2008 |    | For the SixMonthsEnded June30, 2007 |   |
|-------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|---------|---------------------------------------------------------|--------|
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                    |   |                                                    |    |                                                    |   |   |   |
| Net                Loss                                                                                     |   | $                                                       | (24,009 | )                                                       | $      | (103,897 | ) |
| Adjustments                to reconcile net loss from net cash used in operating                activities: |   |                                                    |    |                                                    |   |   |   |
| Depreciation                and amortization                                                                |   |                                                    | -       |                                                    |   | - |   |
| (Gain)                Loss on Sale of Securities                                                            |   |                                                    | -       |                                                    |   | 168 |   |
| Changes                in Assets and Liabilities:                                                           |   |                                                    |    |                                                    |   |   |   |
| (Increase)                in Inventory                                                                      |   |                                                    | (32,650 | )                                                       |   | (108,082 | ) |
| (Increase)                in Accounts Receivable                                                            |   |                                                    | 22,852  |                                                    |   | (13,217 | ) |
| Increase                (Decrease) in Accounts and Loans Payable                                            |   |                                                    | 35,392  |                                                    |   | 124,511 |   |
| Increase                    in Accrued Interest                                                             |   |                                                    | 24,019  |                                                    |   | 20,304 |   |
| Increase                (Decrease) in Wages Payable                                                         |   |                                                    | -       |                                                    |   | 68,000 |   |
| Increase                (Decrease) in Advances from Shareholder                                             |   |                                                    | -       |                                                    |   | - |   |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| Net                Cash Used By Operating Activities                                                        |   |                                                    | 25,604  |                                                    |   | (12,213 | ) |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**                                                    |   |                                                    |    |                                                    |   |   |   |
| Purchase                of Fixed Assets                                                                     |   |                                                    | -       |                                                    |   | - |   |
| Proceeds                from Sale of Marketable Securities                                                  |   |                                                    | -       |                                                    |   | 193 |   |
| Net                Cash Provided By Investing Activities                                                    |   |                                                    | -       |                                                    |   | 193 |   |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                    |   |                                                    |    |                                                    |   |   |   |
| Proceeds                from Issuance of Common Stock, net                                                  |   |                                                    | -       |                                                    |   | - |   |
| Payments                on Notes Payable                                                                    |   |                                                    | (35,885 | )                                                       |   | - |   |
| Proceeds                from Notes Payable                                                                  |   |                                                    | 7,500   |                                                    |   | - |   |
| Contributed                Capital                                                                          |   |                                                    | -       |                                                    |   | - |   |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| Net                Cash Provided By Financing Activities                                                    |   |                                                    | (28,385 | )                                                       |   | - |   |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| **NET                INCREASE (DECREASE) IN CASH**                                                          |   |                                                    | (2,781  | )                                                       |   | (12,020 | ) |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| **CASH –                BEGINNING OF PERIOD**                                                    |   |                                                    | 4,335   |                                                    |   | 13,761 |   |
|                                                                                                        |   |                                                    |    |                                                    |   |   |   |
| **CASH                – END OF PERIOD**                                                               |   | $                                                       | 1,554   |                                                    | $      | 1,741 |   |

----

**BANX      AND GREEN GROUP, INC.**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS (UNAUDITED)**

|                                                                                                    |   | For the SixMonthsEnded June30, 2007 |   | For the SixMonthsEnded June30, 2006 |   |
|---------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|---------------------------------------------------------|--------|
| **Supplemental                Cash Flow Information:**                                                  |   |                                                    |   |                                                    |   |   |   |
|                                                                                                    |   |                                                    |   |                                                    |   |   |   |
| Stock                Issued In Exchange for Goods and Services and Marketable                Securities |   | $                                                       | -      |                                                    | $      | - |   |
|                                                                                                    |   |                                                    |   |                                                    |   |   |   |
| Stock                Issued In Exchange for License Fee                                                 |   | $                                                       | -      |                                                    | $      | - |   |
|                                                                                                    |   |                                                    |   |                                                    |   |   |   |
| Cash                Paid for Interest                                                                   |   | $                                                       | -      |                                                    | $      | - |   |
|                                                                                                    |   |                                                    |   |                                                    |   |   |   |
| Cash                Paid for Income Taxes                                                               |   | $                                                       | -      |                                                    | $      | - |   |

----

**BANX      AND GREEN GROUP, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      STATEMENTS OF STOCKHOLDERS’ EQUITY**

**For      the periods ended March 31, 2008 and the years ending December 31, 2006 and      2007      (UNAUDITED)**

|                                                                           |   | Preferred Stock |    | Capital Stock |   | Additional                  Paid-in |   | DeficitAccumulated                  During                  the Development |                     | AccumulatedOtherComprehensive |   | Total                Stockholders’  |   | Comprehensive                  Income |      |
|--------------------------------------------------------------------------------|--------|----------------------|---------|--------------------|--------|-------------------------------------|--------|-----------------------------------------------------------------------------|--------------------------|-------------------------------|--------|------------------------------------------------|--------|---------------------------------------|-----------|
|                                                                           |   | Shares               |    | Amount             |   | Shares                              |   | Amount                                                                      |                     | Capital                       |   | Stage                                          |   |  Income (Loss)              |      | Equity |   | (Loss) |   |
|                                                                           |   |                 |    |               |   |                                |   |                                                                        |                     |                          |   |                                           |   |                                  |      |   |   |   |   |
| Sale                of Assets return shares                                    |   |                 | -       |               | $      | -                                   |   |                                                                        | (                900,000 | )                             | $      | (                900                           | )      | $                                     | 4,449,215 | ) | $ | - |   | $ | - |   | $ | (4,450,115 | ) |   |   |   |
| Net                loss for the year ended                                     |   |                 |    |               |   |                                |   |                                                                        |                     |                          |   |                                           |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December                31, 2006                                               |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | (                344,757 | ) |   | - |   |   | (                344,757 | ) |   | 344,757 | ) |
| Other                comprehensive income (loss)                               |   |                 |    |               |   |                                |   |                                                                        |                     |                          |   |                                           |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                loss on securities                                   |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | - |   |   | (1,798 | ) |   | (                1,798 | ) |   | (1,798 | ) |
| Comprehensive                income (loss)                                     |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | - |   |   | - |   |   | - |   |   | (346,555 | ) |
| Balance                December 31, 2006                                       |   |                 | 296,300 |               | $      | 296                                 |   |                                                                        | 8,776,311                |                          | $      | 8,776                                          |   | $                                     | 2,500,726 |   | $ | (3,405,487 | ) | $ | (1,901 | ) | $ | (                897,590 | ) |   |   |   |
|                                                                           |   |                 |    |               |   |                                |   |                                                                        |                     |                          |   |                                           |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss for the year ended December 31, 2007                   |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | (                147,366 | ) |   | - |   |   | (                147,366 | ) |   | (147,366 | ) |
| Other                comprehensive income (loss) Unrealized gain on securities |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | - |   |   | 1,901 |   |   | 1,901 |   |   | 1,901 |   |
| Comprehensive                income (loss)                                     |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | - |   |   | - |   |   | - |   |   | (145,465 | ) |
| Balance                - December 31, 2007                                     |   |                 | 296,300 |               |   |  $                296          |   |                                                                        | 8,776,311                |                          | $      | 8,776                                          |   | $                                     | 2,500,726 |   | $ | (3,552,853 | ) | $ | 0 |   | $ | (                1,043,055 | ) |   |   |   |
|                                                                           |   |                 |    |               |   |                                |   |                                                                        |                     |                          |   |                                           |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase                subsidiary                                             |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | 250,000   |   |   | - |   |   | - |   |   | 250,000 |   |   |   |   |
| Adjustment                for disposal subsidiary                              |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | (2        | ) |   | 44,674 |   |   | - |   |   | 44,672 |   |   |   |   |
| Net                Loss for the Six Months Ended June 30, 2008                 |   |                 | -       |               |   | -                                   |   |                                                                        | -                        |                          |   | -                                              |   |                                  | -         |   |   | (24,009 | ) |   | - |   |   | (24,009 | ) |   |   |   |
| Balance –                June 30, 2008                              |   |                 | 296,300 |               | $      | 296                                 |   |                                                                        | 8,776,311                |                          | $      | 8,776                                          |   | $                                     | 2,750,724 |   | $ | (3,532,188 | ) | $ | - |   | $ | (                772,392 | ) |   |   |   |

----

| **NOTE 1** | **COMPANY                  BACKGROUND** ** **  |
|-----------------|---------------------------------------------------------------|

| **NOTE 2** | **BASIS                OF PRESENTATION** |
|-----------------|------------------------------------------|

| **NOTE 3** | **DISPOSITION                OF ASSETS** |
|-----------------|------------------------------------------|

----

| **NOTE 4** | **GOING                CONCERN** |
|-----------------|----------------------------------|

----

**Item      2. Management's Discussion and Analysis**

----

**BANX      AND GREEN GROUP, INC.**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk**

**Item      4T. Controls and Procedures**

----

**BANX      AND GREEN GROUP, INC.**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**PART      II - OTHER INFORMATION**

**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 Matters.**

**Item      6. Exhibits and reports on Form 8-K**

| (a)    | Exhibits.                           |                                                                                                                                                                           |
|--------|-------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                |                                                                                                                                                                           |
|   | 31.1                                | President                and CFO certification Pursuant to 18 USC Section 1350, as adopted                pursuant                to Section 302 of Sarbanes-Oxley Act of 2004 |
|   | 32                                  | President                and CFO certification pursuant to section 906                                                                                                         |
|   |                                |                                                                                                                                                                           |
|   |                                |                                                                                                                                                                           |
| (b)    | Reports                on From 8-K. |

----

**BANX      AND GREEN GROUP, INC.**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| /s/                Steve Lane                                                                           |   |
|---------------------------------------------------------------------------------------------------------|--------|
| BY: Steve Lane, President, Chief Financial Officer and Director |
| Dated: This 24th day of November 2008                                     |

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