**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

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

**SEPTEMBER      30, 2008**

| o | **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 | 7 |
|                                                | 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**

|                                                                                                                                                                          |   | September 30,2008 (unaudited) |       | December 31, 2007(audited) |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|--------------------------------------|--------|
| **ASSETS**                                                                                                                                                                    |   |                                    |       |                                 |   |   |   |
| Cash                                                                                                                                                                          |   | $                                       | 7,849      |                                 | $      | 1,941 |   |
| Accounts                  receivable                                                                                                                                          |   |                                    | 16,354     |                                 |   | 13,981 |   |
| Inventory                                                                                                                                                                     |   |                                    | 32,650     |                                 |   | 91,300 |   |
| **CURRENT                  ASSETS**                                                                                                                                           |   |                                    | 56,853     |                                 |   | 107,222 |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| Subsidiary                  Investment                                                                                                                                        |   |                                    | 500,000    |                                 |   | - |   |
| Music                  Catalog Investments                                                                                                                                    |   |                                    | 30,000     |                                 |   | - |   |
| **TOTAL                  OTHER ASSETS**                                                                                                                                       |   |                                    | 530,000    |                                 |   | - |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| Equipment                                                                                                                                                                     |   |                                    | 10,134     |                                 |   | - |   |
| Accumulated                  Depreciation                                                                                                                                     |   |                                    | (3,547     | )                                    |   | - |   |
| **TOTAL                  FIXED ASSETS**                                                                                                                                       |   |                                    | 6,587      |                                 |   | - |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| **TOTAL                  ASSETS**                                                                                                                                             |   | **$**                                   | 593,440    |                                 | **$**  | 107,222 |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS’ DEFICIT)**                                                                                                             |   |                                    |       |                                 |   |   |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| **CURRENT                  LIABILITIES**                                                                                                                                      |   |                                    |       |                                 |   |   |   |
| Accounts                  payable                                                                                                                                             |   | $                                       | 127,657    |                                 | $      | 111,967 |   |
| Accounts                  payable -related parties                                                                                                                            |   |                                    | 175,809    |                                 |   | 174,972 |   |
| Accrued                  expenses                                                                                                                                             |   |                                    | 101,268    |                                 |   | 70,810 |   |
| Wages                  payable                                                                                                                                                |   |                                    | 283,425    |                                 |   | 283,425 |   |
| Loans                  payable – related party                                                                                                                          |   |                                    | 179,981    |                                 |   | 192,255 |   |
| Royalties                  payable                                                                                                                                            |   |                                    | 40,170     |                                 |   | - |   |
| Current                  loan payable                                                                                                                                         |   |                                    | 225,000    |                                 |   | 225,000 |   |
| Total                  Current Liabilities                                                                                                                                    |   |                                    | 1,133,310  |                                 |   | 1,099,854 |   |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| **STOCKHOLDERS’                  EQUITY (DEFICIT)**                                                                                                                     |   |                                    |       |                                 |   |   |   |
| Preferred                  stock; 10,000,000 shares authorized; $.001 Par Value; 296,300 shares                  issued and outstanding at September30, 2008                  |   |                                    | 296        |                                 |   | 296 |   |
| Capital                  stock, $.001 Par Value; 50,000,000 shares authorized; 8,776,311                  shares                  issued and outstanding at September30, 2008 |   |                                    | 8,776      |                                 |   | 8,776 |   |
| Additional                  paid-in capital                                                                                                                                   |   |                                    | 3,000,724  |                                 |   | 2,750,724 |   |
| Deficit                  accumulated during the development stage                                                                                                             |   |                                    | (3,549,666 | )                                    |   | (3,521,266 | ) |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| Total                  Stockholders’ Equity                                                                                                                             |   |                                    | (539,870   | )                                    |   | (761,470 | ) |
|                                                                                                                                                                          |   |                                    |       |                                 |   |   |   |
| **TOTAL                  LIABILITIES AND STOCKHOLDERS’ DEFICIT**                                                                                                        |   | $                                       | 593,440    |                                 | $      | 338,384 |   |

----

**BANX          AND GREEN GROUP, INC**

**CONSOLIDATED          STATEMENTS OF OPERATIONS (UNAUDITED)**

|                                                         |   | For theThreeMonthsEndedSeptember30, 2008 |      | For theThreeMonthsEndedSeptember30, 2007 |   | For theNineMonthsEndedSeptember30, 2008 |   | For theNineMonthsEndedSeptember30, 2007 |      |
|--------------------------------------------------------------|--------|----------------------------------------------------|-----------|----------------------------------------------------|--------|---------------------------------------------------|--------|---------------------------------------------------|-----------|
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |
| **NET                  SALES**                               |   | $                                                  | 34,722    |                                               | $      | 20,197                                            |   | $                                                 | 121,560   |   | $ | 86,772 |   |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **COST                  OF SALES**                           |   |                                               | 6,134     |                                               |   | 14,472                                            |   |                                              | 61,206    |   |   | 59,523 |   |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **Gross                  Margin**                            |   |                                               | 28,588    |                                               |   | 5,725                                             |   |                                              | 60,354    |   |   | 27,249 |   |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **EXPENSES**                                                 |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| Wages                                                        |   |                                               | 18,342    |                                               |   | -                                                 |   |                                              | 18,342    |   |   | 68,000 |   |
| General                  and Administrative Expenses         |   |                                               | 16,458    |                                               |   | 15,455                                            |   |                                              | 48,215    |   |   | 52,405 |   |
| **TOTAL                  OPERATING EXPENSES**                |   |                                               | 34,800    |                                               |   | 15,455                                            |   |                                              | 66,557    |   |   | 120,405 |   |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **Net                  Income (Loss) from Operations**       |   |                                               | (6,212    | )                                                  |   | (8,772                                            | )      |                                              | (6,203    | ) |   | (93,156 | ) |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **OTHER                  INCOME (EXPENSE)**                  |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| Gain(loss)                  on Sale of Marketable Securities |   |                                               | -         |                                               |   | -                                                 |   |                                              | -         |   |   | (168 | ) |
| Interest                  Expense                            |   |                                               | (11,267   | )                                                  |   | (10,152                                           | )      |                                              | (35,285   | ) |   | (30,456 | ) |
| **TOTAL                  OTHER INCOME (LOSS)**               |   |                                               | (11,267   | )                                                  |   | (10,152                                           | )      |                                              | (35,285   | ) |   | (30,624 | ) |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **NET                  LOSS BEFORE INCOME TAXES**            |   |                                               | (17,479   | )                                                  |   | (18,924                                           | )      |                                              | (41,488   | ) |   | (123,780 | ) |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **PROVISION                  FOR INCOME TAXES**              |   |                                               | -         |                                               |   | -                                                 |   |                                              | -         |   |   | - |   |
|                                                         |   |                                               |      |                                               |   |                                              |   |                                              |      |   |   |   |   |
| **NET                  LOSS**                                |   | $                                                  | (17,479   | )                                                  | $      | (18,924                                           | )      | $                                                 | (41,488   | ) | $ | (123,780 | ) |
| **BASIC                  and DILUTED LOSS PER SHARE**        |   | $                                                  | (0.00     | )                                                  | $      | (0.00                                             | )      | $                                                 | (0.00     | ) | $ | (0.01 | ) |
| **WEIGHTED                  AVERAGE SHARES OUTSTANDING**     |   |                                               | 8,776,311 |                                               |   | 8,776,311                                         |   |                                              | 8,776,311 |   |   | 8,776,311 |   |

----

**BANX          AND GREEN GROUP, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

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

|                                                                                                            |   | For the NineMonthsEndedSeptember30, 2008 |    | For the NineMonthsEndedSeptember30, 2007 |   |
|-----------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|---------|---------------------------------------------------------|--------|
| **CASH FLOWS FROM OPERATING ACTIVITIES:**                                                   |   |                                                    |    |                                                    |   |   |   |
| Net                  Loss                                                                                       |   | $                                                       | (41,488 | )                                                       | $      | (123,780 | ) |
| Adjustments                  to reconcile net loss from net cash used in operating                  activities: |   |                                                    |    |                                                    |   |   |   |
| Depreciation                  and amortization                                                                  |   |                                                    | 1,520   |                                                    |   | - |   |
| (Gain)                  Loss on Sale of Securities                                                              |   |                                                    | -       |                                                    |   | 168 |   |
| Changes                  in Assets and Liabilities:                                                             |   |                                                    |    |                                                    |   |   |   |
| (Increase)                  in Inventory                                                                        |   |                                                    | (32,650 | )                                                       |   | (97,035 | ) |
| (Increase)                  in Accounts Receivable                                                              |   |                                                    | 8,002   |                                                    |   | (14,987 | ) |
| Increase                  (Decrease) in Accounts and Loans Payable                                              |   |                                                    | 55,135  |                                                    |   | 125,644 |   |
| Increase                  in Accrued Interest                                                                   |   |                                                    | 40,285  |                                                    |   | 30,456 |   |
| Increase                  (Decrease) in Wages Payable                                                           |   |                                                    | -       |                                                    |   | 68,000 |   |
| Increase                  (Decrease) in Advances from Shareholder                                               |   |                                                    | -       |                                                    |   | - |   |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| Net                  Cash Used By Operating Activities                                                          |   |                                                    | 30,804  |                                                    |   | (11,534 | ) |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| **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                                                                      |   |                                                    | (40,790 | )                                                       |   | - |   |
| Proceeds                  from Notes Payable                                                                    |   |                                                    | 13,500  |                                                    |   | - |   |
| Contributed                  Capital                                                                            |   |                                                    | -       |                                                    |   | - |   |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| Net                  Cash Provided By Financing Activities                                                      |   |                                                    | (27,290 | )                                                       |   | - |   |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| **NET                  INCREASE (DECREASE) IN CASH**                                                            |   |                                                    | 3,514   |                                                    |   | (11,341 | ) |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| **CASH                  – BEGINNING OF PERIOD**                                                           |   |                                                    | 4,335   |                                                    |   | 13,761 |   |
|                                                                                                            |   |                                                    |    |                                                    |   |   |   |
| **CASH                  – END OF PERIOD**                                                                 |   | $                                                       | 7,849   |                                                    | $      | 2,420 |   |

----

**BANX        AND GREEN GROUP, INC.**

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

|                                                                                                        |   | For the NineMonthsEndedSeptember30,2007 |   | For the NineMonthsEndedSeptember30, 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)**

|                                                                               |   |                                           |    |                                         |   |    |   |        |      |          |   | Deficit                       |   |                             |      |   |   |          |   |
|------------------------------------------------------------------------------------|--------|------------------------------------------------|---------|----------------------------------------------|--------|---------|--------|-------------|-----------|---------------|--------|-------------------------------|--------|----------------------------------|-----------|--------|--------|---------------|--------|
|                                                                               |   |                                           |    |                                         |   |    |   |        |      |          |   | Accumulated                   |   | Accumulated                      |      |   |   |          |   |
|                                                                               |   |                                           |    |                                         |   |    |   |        |      | Additional    |   | During                    the |   | Other                            |      | Total  |   | Comprehensive |   |
|                                                                               |   | Preferred                    Stock   |    | Capital                    Stock   |   | Paid-in |   | Development |      | Comprehensive |   | Stockholders’           |   | 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                                             |   |                                           | -       |                                         |   | -       |   |        | -         |          |   | -                             |   |                             | 500,000   |   |   | -             |   |   | - |   |   | 500,000 |   |   |   |   |
| Adjustment                    for disposal subsidiary                              |   |                                           | -       |                                         |   | -       |   |        | -         |          |   | -                             |   |                             | (2        | )      |   | 44,674        |   |   | - |   |   | 44,672 |   |   |   |   |
| Net                    Loss for the Nine Months Ended September30, 2008            |   |                                           | -       |                                         |   | -       |   |        | -         |          |   | -                             |   |                             | -         |   |   | (41,488       | )      |   | - |   |   | (41,488 | ) |   |   |   |
| Balance                    – September30, 2008                               |   |                                           | 296,300 |                                         | $      | 296     |   |        | 8,776,311 |          | $      | 8,776                         |   | $                                | 3,000,724 |   | $      | (3,549,668    | )      | $ | - |   | $ | (539,870 | ) |   |   |   |

----

| **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**

| 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                                                                                            |

----

**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      |

----