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

**MARCH      31, 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 |

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**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      |   | 8 |
| Item                4T                                   | Controls                and Procedures                                         |   | 8 |
|                                                     |                                                                           |   |   |
| Part                II—Other Information           |                                                                           | 9      |
| Item                1                                    | Legal                Proceedings                                               |   | 9 |
| Item                1A                                   | Risk                Factors                                                    |   | 9 |
| Item                2                                    | Unregistered                Sales of Equity Securities and Use of Proceeds     |   | 9 |
| Item                3                                    | Defaults                Upon Senior Securities                                 |   | 9 |
| Item                4                                    | Submission                of Matters to a Vote of Security Holders             |   | 9 |
| Item                5                                    | Other                Matters                                                   |   | 9 |
| Item                6                                    | Exhibits                and Reports on Form 8K                                 |   | 9 |
|                                                     |                                                                           |   |   |
| Signatures                                               |                                                                           | 10     |

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**PART      1 — FINANCIAL INFORMATION**

**Item      1. Consolidated Financial Statements**

**BANX      AND GREEN GROUP, INC.**

**CONSOLIDATED      BALANCE SHEET**

**March      31, 2008 (Unaudited)**

| ASSETS                                                                                                                                                               |   |   |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|
| ** **Cash                                                                                                                                                       |   | $      | 1,230      |   |
| Accounts                receivable                                                                                                                                   |   |   | 16,254     |   |
| Inventory                                                                                                                                                            |   |   | 32,793     |   |
| **CURRENT                ASSETS**                                                                                                                                    |   |   | 50,277     |   |
|                                                                                                                                                                 |   |   |       |   |
| 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**                                                                                                                                      |   | $      | 338,384    |   |
|                                                                                                                                                                 |   |   |       |   |
| **LIABILITIES                AND STOCKHOLDERS’ EQUITY (DEFICIT)**                                                                                              |   |   |       |   |
|                                                                                                                                                                 |   |   |       |   |
| **CURRENT                LIABILITIES**                                                                                                                               |   |   |       |   |
| Accounts                payable                                                                                                                                      |   | $      | 182,777    |   |
| Accounts                payable -related parties                                                                                                                     |   |   | 174,972    |   |
| Wages                payable                                                                                                                                         |   |   | 283,425    |   |
| Loans                payable – related party                                                                                                                   |   |   | 192,255    |   |
| Royalties                payable                                                                                                                                     |   |   | 41,425     |   |
| Current                loan payable                                                                                                                                  |   |   | 225,000    |   |
| Total                Current Liabilities                                                                                                                             |   |   | 1,099,854  |   |
|                                                                                                                                                                 |   |   |            |   |
| **STOCKHOLDERS’                EQUITY (DEFICIT)**                                                                                                              |   |   |       |   |
| Preferred                stock; 10,000,000 shares authorized; $.001 Par Value; 296,300 shares                issued                and outstanding at March 31, 2008 |   |   | 296        |   |
| Capital                stock, $.001 Par Value; 50,000,000 shares authorized; 8,776,311 shares                issued and outstanding at March 31, 2008                |   |   | 8,776      |   |
| Additional                paid-in capital                                                                                                                            |   |   | 2,750,724  |   |
| Deficit                accumulated during the development stage                                                                                                      |   |   | (3,521,266 | ) |
|                                                                                                                                                                 |   |   |       |   |
| Total                Stockholders’ Equity                                                                                                                      |   |   | (761,470   | ) |
|                                                                                                                                                                 |   |   |       |   |
| **TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIT**                                                                                                 |   | $      | 338,384    |   |

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**BANX      AND GREEN GROUP, INC.**

**CONSOLIDATED      STATEMENTS OF OPERATIONS (UNAUDITED)**

|                                                       |   | For theThreeMonthsEndedMarch 31,2008 |      | For theThreeMonthsEndedMarch 31,2007 |   |
|------------------------------------------------------------|--------|------------------------------------------------|-----------|------------------------------------------------|--------|
|                                                       |   |                                           |      |                                           |   |
| **NET                SALES**                               |   | $                                              | 68,419    |                                           | $      | 35,154 |   |
|                                                       |   |                                           |           |                                           |   |  |   |
| **COST                OF SALES**                           |   |                                           | 47,373    |                                           |   | 23,674 |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **Gross                Margin**                            |   |                                           | 21,046    |                                           |   | 11,390 |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **EXPENSES**                                               |   |                                           |      |                                           |   |   |   |
| Research                and Development                    |   |                                           | -         |                                           |   | - |   |
| Reserve                Against Product Rights              |   |                                           | -         |                                           |   | - |   |
| Wages                                                      |   |                                           | -         |                                           |   | 27,500 |   |
| Impairment                of Intellectual Property         |   |                                           | -         |                                           |   | - |   |
| Depreciation                and Amortization               |   |                                           | -         |                                           |   | - |   |
| General                and Administrative Expenses         |   |                                           | 21,382    |                                           |   | 16,707 |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **TOTAL                OPERATING EXPENSES**                |   |                                           | 21,382    |                                           |   | 44,207 |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **Net                Loss from Operations**                |   |                                           | (336      | )                                              |   | (32,817 | ) |
|                                                       |   |                                           |      |                                           |   |   |   |
| **OTHER                INCOME (EXPENSE)**                  |   |                                           |      |                                           |   |   |   |
| Gain(loss)                on Sale of Marketable Securities |   |                                           | -         |                                           |   | (168 | ) |
| Write                Down of Marketable Securities         |   |                                           | -         |                                           |   | - |   |
| Nonrefundable                Option Income                 |   |                                           | -         |                                           |   | - |   |
| Loss                on Sale of Assets                      |   |                                           | -         |                                           |   | - |   |
| Interest                Expense                            |   |                                           | (12,752   | )                                              |   | (10,152 | ) |
| Dividend                and Interest Income                |   |                                           | -         |                                           |   | - |   |
| Other                Income                                |   |                                           | -         |                                           |   | - |   |
| Forgiveness                of Debt                         |   |                                           | -         |                                           |   | - |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **TOTAL                OTHER INCOME (LOSS)**               |   |                                           | (12,752   | )                                              |   | (10,320 | ) |
|                                                       |   |                                           |      |                                           |   |   |   |
| **NET                LOSS BEFORE INCOME TAXES**            |   |                                           | (13,088   | )                                              |   | (43,137 | ) |
|                                                       |   |                                           |      |                                           |   |   |   |
| **PROVISION                FOR INCOME TAXES**              |   |                                           | -         |                                           |   | - |   |
|                                                       |   |                                           |      |                                           |   |   |   |
| **NET                LOSS**                                |   | $                                              | (13,088   | )                                              | $      | (43,137 | ) |
|                                                       |   |                                           |      |                                           |   |   |   |
| **BASIC                AND DILUTED LOSS PER SHARE**        |   | $                                              | (0.00     | )                                              | $      | (0.00 | ) |
|                                                       |   |                                           |      |                                           |   |   |   |
| **WEIGHTED                AVERAGE SHARES OUTSTANDING**     |   |                                           | 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 theThreeMonthsEndedMarch 31,2008 |    | For theThreeMonthsEndedMarch 31,2007 |   |
|-------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|---------|------------------------------------------------|--------|
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                    |   |                                           |    |                                           |   |
| Net                Loss                                                                                     |   | $                                              | (13,088 | )                                              | $      | (43,137 | ) |
| Adjustments                to reconcile net loss from net cash used in operating                activities: |   |                                           |    |                                           |   |   |   |
| Depreciation                and amortization                                                                |   |                                           | -       |                                           |   | - |   |
| Common                Stock Issued for Lease                                                                |   |                                           | -       |                                           |   | - |   |
| Common                Stock Issued for Services                                                             |   |                                           | -       |                                           |   | - |   |
| Impairment                of Intellectual Property                                                          |   |                                           | -       |                                           |   | - |   |
| (Gain)                loss on Sale of Securities                                                            |   |                                           | -       |                                           |   | 168 |   |
| Write                down of Marketable Securities                                                          |   |                                           | -       |                                           |   | - |   |
| Contributed                Interest                                                                         |   |                                           | -       |                                           |   | - |   |
| Contributed                Rent and Officer Compensation                                                    |   |                                           | -       |                                           |   | - |   |
| Reserve                against Assets and Liabilities                                                       |   |                                           | -       |                                           |   | - |   |
| Changes                in Assets and Liabilities:                                                           |   |                                           |    |                                           |   |   |   |
| Increase                in Inventory                                                                        |   |                                           | (32,793 | )                                              |   | (136,410 | ) |
| (Increase)                in Accounts Receivable                                                            |   |                                           | 8,103   |                                           |   | (19,697 | ) |
| Increase                in Accounts Payable                                                                 |   |                                           | 37,938  |                                           |   | 152,323 |   |
| Increase                in Accrued Interest                                                                 |   |                                           | 12,752  |                                           |   | 10,152 |   |
| Increase                in Wages Payable                                                                    |   |                                           | -       |                                           |   | 27,500 |   |
| (Decrease)                in Advances from Shareholder                                                      |   |                                           | -       |                                           |   | - |   |
| Net                Cash Used By Operating Activities                                                        |   |                                           | 12,912  |                                           |   | (9,101 | ) |
|                                                                                                        |   |                                           |    |                                           |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**                                                    |   |                                           |    |                                           |   |   |   |
| Product                Rights, Development Costs and Intangibles                                            |   |                                           | -       |                                           |   | - |   |
| Purchase                of Fixed Assets                                                                     |   |                                           | -       |                                           |   | - |   |
| Payments                for Notes Receivable                                                                |   |                                           | -       |                                           |   | - |   |
| Increase                in Organization Costs                                                               |   |                                           | -       |                                           |   | - |   |
| Purchase                of Marketable Securities                                                            |   |                                           | -       |                                           |   | - |   |
| Proceeds                from Sale of Marketable Securities                                                  |   |                                           | -       |                                           |   | 193 |   |
| Net                Cash Provided (Used) By Investing Activities                                             |   |                                           | -       |                                           |   | 193 |   |
|                                                                                                        |   |                                           |    |                                           |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                    |   |                                           |    |                                           |   |   |   |
| Proceeds                from Issuance of Common Stock, net                                                  |   |                                           | -       |                                           |   | - |   |
| Payments                on Notes Payable                                                                    |   |                                           | (23,516 | )                                              |   | - |   |
| Proceeds                from Debt                                                                           |   |                                           | 7,500   |                                           |   | - |   |
| Proceeds                from Contributed Capital                                                            |   |                                           | 4,334   |                                           |   | - |   |
| Net                Cash Provided By Financing Activities                                                    |   |                                           | (11,682 | )                                              |   | - |   |
|                                                                                                        |   |                                           |    |                                           |   |   |   |
| **NET                INCREASE (DECREASE) IN CASH**                                                          |   |                                           | 1,230   |                                           |   | (8,908 | ) |
|                                                                                                        |   |                                           |    |                                           |   |   |   |
| **CASH                – BEGINNING OF PERIOD**                                                         |   |                                           | -       |                                           |   | 13,761 |   |
| **CASH                – END OF PERIOD**                                                               |   | $                                              | 1,230   |                                           | $      | 4,853 |   |

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**BANX      AND GREEN GROUP, INC.**

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

|                                                                                                                            |   | For                theThreeMonthsEndedMarch                31,2008 |   | For                theThreeMonthsEndedMarch                31,2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|
|                                                                                                                            |   |                                                               |   |                                                               |   |
| **Supplemental                Cash Flow Information:**                                                                          |   |                                                               |   |                                                               |   |
|                                                                                                                            |   |                                                               |   |                                                               |   |
| Stock                Issued In Exchange for Goods and Services and Marketable Securities                and                Debt |   | $                                                                  | -      |                                                               | $      | - |   |
|                                                                                                                            |   |                                                               |   |                                                               |   |   |   |
| Stock                Issued In Exchange for License Fee                                                                         |   | $                                                                  | -      |                                                               | $      | 125 |   |
|                                                                                                                            |   |                                                               |   |                                                               |   |   |   |
| Cash                Paid for Interest                                                                                           |   | $                                                                  | -      |                                                               | $      | 3,394 |   |
|                                                                                                                            |   |                                                               |   |                                                               |   |   |   |
| Cash                Paid for Income Taxes                                                                                       |   | $                                                                  | -      |                                                               | $      | - |   |

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**BANX      AND GREEN GROUP, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      STATEMENTS OF STOCKHOLDERS’ EQUITY**

**For      the periods ended March 31, 2005 and 2008 and for the**

**period      from date of inception May 8, 1987 through March 31, 2008      (UNAUDITED)**

|                                                              |   |                           |    |                         |   |    |   |        |                     |          |   | Deficit                   |   |                         |      |   |   |                     |   |
|-------------------------------------------------------------------|--------|--------------------------------|---------|------------------------------|--------|---------|--------|-------------|--------------------------|---------------|--------|---------------------------|--------|------------------------------|-----------|--------|--------|--------------------------|--------|
|                                                              |   |                           |    |                         |   |    |   |        |                     |          |   | Accumulated               |   | Accumulated                  |      |   |   | Compre-                  |   |
|                                                              |   |                           |    |                         |   |    |   |        |                     | Additional    |   | During                the |   | Other                        |      | Total  |   | hensive                  |   |
|                                                              |   | 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                                |   |                           | -       |                         |   | -       |   |        | -                        |          |   | -                         |   |                         | 250,000   |   |   | -                        |   |   | - |   |   | 250,000 |   |   |   |   |
| Adjustment                for disposal subsidiary                 |   |                           | -       |                         |   | -       |   |        | -                        |          |   | -                         |   |                         | (2        | )      |   | 44,675                   |   |   | - |   |   | 44,673 |   |   |   |   |
| Net                Loss for the Three Months Ended March 31, 2008 |   |                           | -       |                         |   | -       |   |        | -                        |          |   | -                         |   |                         | -         |   |   | (13,088                  | )      |   | - |   |   | (13,088 | ) |   |   |   |
| Balance                – March 31, 2008                     |   |                           | 296,300 |                         | $      | 296     |   |        | 8,776,311                |          | $      | 8,776                     |   | $                            | 2,500,726 |   | $      | (3,521,266               | )      | $ | - |   | $ | (                761,470 | ) |   |   |   |

----

**BANX      AND GREEN GROUP, INC.**

**Notes      to Condensed Financial Statements**

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

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

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

** **
** **

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**BANX      AND GREEN GROUP, INC.**

**Notes      to Condensed Financial Statements**

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

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**BANX        AND GREEN GROUP, INC.**

**Notes        to Condensed Financial Statements**

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

**Item      4T. Controls and Procedures**

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**BANX      AND GREEN GROUP, INC.**

**Notes      to Condensed 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 |
|--|----|---------------------------------------------------------------------------------------|

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**BANX      AND GREEN GROUP, INC.**

**Notes      to Condensed Financial Statements**

| /s/                Steve Lane                                                                           |
|---------------------------------------------------------------------------------------------------------|
| BY: Steve Lane, President, Chief Financial Officer and Director |
| Dated:                This 20th day of November 2008                                                    |

----