SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

                 [X] Quarterly Report under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                For the Fiscal Quarter Ending September 30, 2003

                                   LISTO, INC.
          ------------------------------------------------------------
             (Exact name of registrant as it appears in its charter)

                                    000-49705
                            ------------------------
                            (Commission File Number)

           Nevada                                           80-0011246
--------------------------------------------------------------------------------
  (State or jurisdiction of                              (I.R.S. Employer
Incorporation or organization)                          Identification No.)

               39612 North Central Avenue, Phoenix, Arizona 85086
          ------------------------------------------------------------
                     (Address of Principal Executive Office)

                                 (602) 614-6081
                          ---------------------------
               Registrant's telephone number, including area code

Securities registered pursuant to Section 12 (b) of the Act:
None

Securities registered pursuant to Section 12 (b) of the Act:
Class A Common Stock $0.001 Par Value

Indicate by check mark  whether the  registrant  (1) has filed all reports to be
filed by Section 13 or 15 (d) of the Securities  Exchange Act of 1934 during the
preceding 12 months (or such shorter  period that the registrant was required to
file such reports) and (2) has been subject to such filing  requirements for the
past 90 days.
Yes  X   No
    ---    ---

At the end of the quarter ending September 30, 2003, there were 4,820,000 issued
and outstanding shares of the registrants common stock.

There is no active market for the registrant's securities.


                                       1
<PAGE>

                               TABLE OF CONTENTS
                                -----------------
ITEM I                                                                      Page

PART I. FINANCIAL INFORMATION

     Item 1. FINANCIAL STATEMENTS ...........................................  3
          BALANCE SHEETS ....................................................  3
          STATEMENTS OF OPERATIONS ..........................................  4
          STATEMENT OF STOCKHOLDERS' EQUITY .............................  5 - 6
          STATEMENTS OF CASH FLOWS ..........................................  7
          NOTES TO UNAUDITED FINANCIAL STATEMENTS ....................... 8 - 11

     Item  2.  MANAGEMENT'S   DISCUSSION  AND  ANALYSIS  OF  FINANCIAL
               CONDITION AND RESULTS OF OPERATION ........................... 12
          The Company ....................................................... 12
          Results of Operation .............................................. 12
          Liquidity and Capital Resources ................................... 13

PART II. OTHER INFORMATION

     Item 1. LEGAL PROCEEDINGS .............................................. 13

     Item 2. CHANGES IN SECURITIES .......................................... 13

     Item 3. DEFAULT UPON SENIOR SECURITIES ................................. 13

     Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ............ 13

     Item 5. OTHER INFORMATION .............................................. 13

     Item 6. EXHIBITS AND REPORTS ON FORM 8-K ............................... 14

SIGNATURES .................................................................. 14

CERTIFICATIONS ......................................................... 15 - 18



                                       2
<PAGE>


                          PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

                                  Listo, Inc.
                         (A DEVELOPMENT STAGE COMPANY)

                                 BALANCE SHEETS
                                 --------------
                                  (Unaudited)

                                     ASSETS
                                     ------

                                                    September 30,      June 30,
                                                         2003           2003
                                                    ------------- -------------
CURRENT ASSETS
     Cash                                            $      3,349  $      4,340
     Prepaid Rent                                               -             -
                                                    ------------- -------------
     Total Current Assets                                   3,349         4,340
                                                    ------------- -------------
TOTAL ASSETS                                         $      3,349  $      4,340
                                                    ============= =============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

LIABILITIES
Current Liabilities
     Payroll Taxes Payable                           $     15,166  $      4,098
     Payable from Officer                                                   100
     Accounts Payable                                       5,500
                                                    ------------- -------------
     Total Current Liabilities                             20,666         4,198
                                                    ------------- -------------
STOCKHOLDERS' EQUITY
     Common Stock, authorized is
     25,000,000 shares.  Issued and
     outstanding on September 30, 2002 is
     2,978,000 shares, on June 30, 2003
     is 3,756,000 shares, and on
     September 30, 2003 is 4,820,000
     shares at par value $0.001 per share                   4,820         3,756

     Paid in Capital                                      498,940       288,004
     Common Stock Subscribed                                            (21,000)
     (Deficit) accumulated during the
     development stage                                   (521,077)     (270,618)
                                                    ------------- -------------
     Total Stockholders' Equity                           (17,317)          142
                                                    ------------- -------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY                                 $      3,349  $      4,340
                                                    ============= =============

The accompanying notes are an integral part of these statements

                                       3
<PAGE>


                                   Listo, Inc.
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF OPERATIONS
                            ------------------------
                                  (Unaudited)
<table>
<caption>

                                                                          Period
                                        Three Months  Three Months       1/18/2002
                                           Ended         Ended        (Inception) to
                                       September 30,  September 30,     September 30,
                                            2003          2002              2003
                                      -------------- --------------  ----------------
<S>                                         <C>           <C>               <C>
INCOME
Revenue                                $           -  $           -  $              -
                                      -------------- -------------- -----------------

EXPENSES
General and Administrative                    63,859         19,521           269,137
Rent                                           2,950
Salaries                                      65,738                           92,533
Organizational Expenses                       96,000                           96,000
Professional and Legal                        21,912                           63,407
                                      -------------- --------------  ----------------

Total Expense                                250,459         19,521           521,077
                                      -------------- --------------  ----------------

Net (Loss) before Provision for
Income Taxes                                (250,459)       (19,521)         (521,077)


Provision for Income Taxes                  -                    -                   -
                                      -------------- --------------  ----------------


NET (LOSS)                             $    (250,459) $     (19,521) $       (521,077)
                                      ============== ============== =================



Net (Loss) per Common Share                     0.06        *                    0.13
                                      -------------- --------------  ----------------


Weighted Average Number of
Common Shares Outstanding                  3,927,800      2,871,600         3,927,800
                                      -------------- --------------  ----------------

* Less than $0.01
</table>

The accompanying notes are an integral part of these statements

                                       4
<PAGE>

                                  Listo, Inc.
                         (A DEVELOPMENT STAGE COMPANY)

                       STATEMENT OF STOCKHOLDERS' EQUITY
                       ---------------------------------
                                  (Unaudited)
<table>
<caption>
                                                       Common Stock                                       Accumulated
                                     ----------------------------------------------                           Deficit
                                                                Price                  Paid in     Stock     1/18/2002       Total
                                         Date       Shares   Per Share      Amount     Capital  Subscribed  to 9/30/03      Equity
                                    ----------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
<S>                                      <C>          <C>         <C>         <C>        <C>         <C>         <C>         <C>
Common Stock issued for services         4/6/02   2,000,000     $ 0.001     $ 2,000  $        -  $        -  $        -  $    2,000
Common Stock issued for cash            4/17/02     240,000       0.080         240      19,760                              20,000
Common Stock issued for cash            4/17/02       9,697       0.330          10       3,408                               3,418
Common Stock Subscribed                 4/17/02      50,303       0.330          50      16,550     (16,600)                      -
Common Stock issued for services        4/17/02     150,000       0.260         150      39,850                              40,000
Common Stock issued for services        4/28/02     500,000       0.001         500                                             500
Common Stock issued for cash             5/7/02       2,000       0.500           2         980                                 982
                                                                                                                                  -
Net (Loss)                                                                                                      (58,423)    (58,423)
                                                -----------             ----------- ----------- ----------- ----------- -----------

Balance, June 30, 2002                            2,952,000                   2,952      80,548     (16,600)    (58,423)      8,477

Proceeds from Stock Subscription        7/20/02                                                      16,600                  16,600
Common Stock issued for cash            7/22/02      20,000       0.500          20       9,980                              10,000
Common Stock issued for cash             8/1/02       2,000       0.500           2         998                               1,000
Common Stock issued for cash             8/5/02       4,000       0.500           4       1,996                               2,000
Common Stock issued for cash             9/1/02       1,500       0.660           2         998                               1,000
Common Stock issued for services        10/1/02      20,500       0.720          20      14,740                              14,760
Common Stock issued for cash            12/9/02      20,000       0.250          20       4,980                               5,000
Common Stock issued for cash            1/10/03      20,000       0.250          20       4,980                               5,000
Common Stock issued for cash            1/16/03      20,000       0.250          20       4,980                               5,000
Common Stock issued for services        1/16/03      12,000       0.250          12       2,988                               3,000
Common Stock issued for cash            1/31/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash             2/7/03     100,000       0.250         100      19,900                              20,000
Common Stock issued for cash            2/11/03      24,000       0.250          24       5,976                               6,000
Common Stock issued for cash            2/18/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash            2/21/03      10,000       0.250          10       2,490                               2,500
Common Stock issued for cash             3/5/03      18,000       0.250          18       4,482                               4,500
Common Stock issued for cash             3/6/03       8,000       0.250           8       1,992                               2,000
Common Stock issued for cash            3/13/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash            3/14/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash            3/18/03      10,000       0.250          10       2,490                               2,500
Common Stock issued for cash            3/28/03      19,000       0.250          19       4,731                               4,750
Common Stock issued for cash             4/7/03      60,000       0.200          60      11,940                              12,000
Common Stock issued for services         4/7/03      21,000       0.250          21       5,229                               5,250
Common Stock issued for cash            4/16/03      48,000       0.250          48      11,952                              12,000
Common Stock issued for services        4/16/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash            4/28/03      32,000       0.250          32       7,968                               8,000
Common Stock issued for services        4/28/03       4,000       0.250           4         996                               1,000
Common Stock issued for cash            4/30/03      48,000       0.250          48      11,952                              12,000
Common Stock issued for cash             5/5/03       6,000       0.250           6       1,494                               1,500
Common Stock issued for cash            5/12/03      64,000       0.250          64      15,936                              16,000
Common Stock issued for cash            5/20/03      20,000       0.250          20       4,980                               5,000
Common Stock issued for services        5/20/03      40,000       0.250          40       9,960                              10,000


                                       5
<PAGE>

STATEMENT OF STOCKHOLDERS' EQUITY - continued

Common Stock issued for cash            5/21/03      48,000       0.250          48      10,452                              10,500
Common Stock Subscribed                 5/21/03       4,000       0.250           4         996      (1,000)                      -
Common Stock Subscribed                 6/30/03      80,000       0.250          80      19,920     (20,000)                      -

Net (Loss)                                                                                                     (212,195)   (212,195)
                                                -----------             ----------- ----------- ----------- ----------- -----------

Balance, June 30, 2003                            3,756,000                   3,756     288,004     (21,000)   (270,618)        142

Proceeds from Stock Subscription         7/1/03                                                      21,000                  21,000
Recapitalization July 15, 2003                                                                                                    -
    Common Shares Issued                7/15/03     440,000       0.001         440        (440)                                  -
Common Stock issued for cash            7/25/03      24,000       0.500          24      11,976
Common Stock issued for cash            7/28/03       6,000       0.500           6       2,994
Common Stock issued for cash            7/31/03       6,000       0.500           6       2,994
Common Stock issued for cash             8/1/03      12,000       0.500          12       5,988
Common Stock issued for cash             8/5/03      26,000       0.500          26      12,974
Common Stock issued for cash             8/6/03      20,000       0.500          20       9,980
Common Stock issued for cash            8/11/03      58,000       0.500          58      28,942
Common Stock issued for cash            8/15/03      12,000       0.500          12       5,988
Common Stock issued for cash            8/18/03      10,000       0.500          10       4,990
Common Stock issued for cash            8/22/03       6,000       0.500           6       2,994
Common Stock issued for cash           8//25/03      12,000       0.500          12       5,988
Common Stock issued for services        8/27/03      20,000       0.500          20       9,980
Common Stock issued for cash            8/28/03      12,000       0.500          12       5,988
Common Stock issued for cash            9/15/03     400,000       0.250         400      99,600

Net (Loss)                                                                                                     (250,459)   (250,459)
                                                -----------             ----------- ----------- ----------- ----------- -----------

Balance, September 30, 2003                       4,820,000              $    4,820  $  498,940  $        -  $ (521,077) $ (229,317)
                                                ===========             =========== =========== =========== =========== ===========
</table>

The accompanying notes are an integral part of these statements


                                       6
<PAGE>

                                  Listo, Inc.
                         (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF CASH FLOWS
                            ------------------------
                                   (Unaudited)
<table>
<caption>
                                                                                  Period
                                               Three Months   Three Months    January 18, 2002
                                                   Ended          Ended         (Inception)
                                               September 30,   September 30,    September 30,
                                                   2003            2002             2003
                                             --------------- --------------- ----------------
<S>                                                <C>             <C>               <C>
Cash Flows from Operating Activities

Net (Loss)                                     $    (250,459)  $     (19,512)  $     (521,077)

Significant Non-Cash Transactions
  Issued 2,650,000 common shares
  for services valued at $42,500
  during period ended June 30, 2002,
  101,500 common shares for services
  valued at $35,010 during year ended
  June 30, 2003 and 20,000 common
  shares for services valued $10,000
  during period ended Sep 30, 2003                    10,000                           87,510

Changes in assets and liabilities
  Prepaid Rent                                                       (10,950)
  Accounts Payable                                     5,500                            5,500
  Payroll Taxes Payable                               11,068                           15,166
  Payable From Officer                                  (100)
                                             --------------- --------------- ----------------

Net Cash Used by Operations                         (223,991)        (30,462)        (412,901)
                                             --------------- --------------- ----------------
Cash Flow Used in Investing Activities                     -               -                -
                                             --------------- --------------- ----------------
Cash Flows from Financing Activities
Proceeds from Stock Subscriptions                     21,000          16,600
Proceeds from Stock Sales                            202,000          13,000          416,250
                                             --------------- --------------- ----------------

Cash Flows from Financing Activities                 223,000          29,600          416,250
                                             --------------- --------------- ----------------
Net Increase in Cash                                    (991)           (862)           3,349

Cash, Beginning of Period                              4,340             977                -
                                             --------------- --------------- ----------------
Cash, End of Period                           $        3,349  $          115  $         3,349
                                             =============== =============== ================
</TABLE>
Significant Non-Cash Trasactions
For year ended June 30, 2002,  Common Stock Issued  included  50,303 shares paid
for in July 2002.
For year ended June 30, 2003,  Common Stock Issued  included  84,000 shares paid
for in July 2003.

Supplemental Information:
The amount of interest and taxes paid for the above period was $0.00.

The accompanying notes are an integral part of these statements

                                       7
<PAGE>



                                   Listo, Inc.
                          (A Development Stage Company)


                     NOTES TO UNAUDITED FINANCIAL STATEMENTS


Note 1. GENERAL ORGANIZATION AND BUSINESS

Listo,  Inc.,  (the Company) was organized in the state of Nevada on January 18,
2002.  The  Company  is  currently  in its  development  stage  and to date  its
activities have been limited to organization and capital formation.  The Company
currently has no operations  and, in accordance with SFAS No. 7, is considered a
development stage company. The Company's fiscal year end is June 30.

On July 15,  2003  the  Company  acquired  all of the  outstanding  stock of GBO
Corporation,  a Nevada  Corporation  in a stock exchange  transaction.  This was
accounted for as a  re-capitalization  with the surviving legal entity being GBO
and the accounting history being that of Listo, Inc. GBO immediately initiated a
name change to Listo, Inc.

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

As of September  30, 2003 the Company has no assets except for cash and also has
no operations. The relevant accounting policies and procedures are listed below:

Accounting Basis

The basis is accounting principles generally accepted in the United States.

Earnings per Share

The basic earnings  (loss) per share is calculated by dividing the Company's net
income available to common shareholders by the weighted average number of common
shares during the year.

The Company has no potentially dilutive securities outstanding at the end of the
statement  periods.  Therefore,  the basic and diluted earnings (loss) per share
are presented on the face of the statement of operations as the same number.

The Company has not issued any options or warrants or similar  securities  since
inception.

Stock Based Compensation

The Company accounts for its stock based  compensation  based upon provisions in
SFAS No. 123, Accounting for Stock-Based  Compensation.  In this statement stock
based  compensation is divided into two general  categories,  based upon who the
stock receiver is, namely: employees/directors and non-employees/directors.  The
employees/directors  category is further divided based upon the particular stock
issuance plan, namely compensatory and non-compensatory.  The employee/directors
non-compensatory  securities  are  recorded at the sales price when the stock is
sold. The compensatory  stock is calculated and recorded at the securities' fair
value at the time the stock is given.

SFAS 123 also provides that stock compensation paid to non-employees be recorded
with a value which is based upon the fair value of the services  rendered or the
value of the stock given,  whichever is more reliable.  The common stock paid to
non-employees was valued at the value of the services rendered.

                                       8
<PAGE>

Income Taxes

The provision for income taxes is the total of the current taxes payable and the
net of the  change  in the  deferred  income  taxes.  Provision  is made for the
deferred  income  taxes  where  differences  exist  between  the period in which
transactions  affect  current  taxable income and the period in which they enter
into the determination of net income in the financial statements.

Advertising

Advertising  is expensed  when  incurred.  There has been no  advertising  since
inception.

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

NOTE 3. GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
company will continue as a going concern,  which contemplates the realization of
assets and the  liquidation  of  liabilities  in the normal  course of business.
However the Company has  neither a current  source of revenue,  nor  operations.
Without  realization of additional capital, it would be unlikely for the Company
to continue  as a going  concern.  It is  management's  plan to seek  additional
capital through a merger with an existing operating company.

NOTE 4. STOCKHOLDERS' EQUITY

At inception the Company had 25,000,000 shares of common stock  authorized.  The
shareholders have all of the rights afforded Nevada shareholders.

Par value is $0.001 per common share.

There are no warrants or options outstanding to acquire any additional shares of
common stock.

The Company was  initially  capitalized  on January 18, 2002.  Also,  $42,500 of
value was given in services for which  2,650,000  shares of stock were issued at
par value.  Afterward,  1,608,100 shares of common stock were sold for $416,250,
and an additional  121,500  shares were given for services  valued at $45,010 as
shown in the statement of stockholders' equity

                                       9
<PAGE>

NOTE 5. RELATED PARTY TRANSACTIONS

The  officers  and  directors  of the  Company are  involved  in other  business
activities  and  may,  in  the  future,   become   involved  in  other  business
opportunities.  If a  specific  business  opportunity  becomes  available,  such
persons  may face a conflict  in  selecting  between the Company and their other
business  interests.  The Company has not formulated a policy for the resolution
of such conflicts.

NOTE 5. INCOME TAXES

The Company  provides for income taxes under  Statement of Financial  Accounting
Standards No. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of
an asset and  liability  approach in accounting  for income taxes.  Deferred tax
assets  and  liabilities  are  recorded  based on the  differences  between  the
financial statement and tax bases of assets and liabilities and the tax rates in
effect when these differences are expected to reverse.

SFAS No. 109  requires  the  reduction  of  deferred  tax assets by a  valuation
allowance if, based on the weight of available evidence,  it is more likely than
not that some or all of the  deferred  tax assets will not be  realized.  In the
Company's opinion, it is uncertain whether they will generate sufficient taxable
income in the future to fully utilize the net deferred tax asset. Accordingly, a
valuation allowance equal to the deferred tax asset has been recorded. The total
deferred tax asset is estimated at $114,637,  which is calculated by multiplying
a 22%  estimated  tax rate by the two items  making up the deferred tax account,
the accumulated NOL of $521,077.  The total valuation  allowance is a comparable
$114,637

The provision for income taxes is comprised of the net change in deferred  taxes
less the valuation  account plus the current taxes payable as shown in the chart
below.
                                            9/30/03        2003         2002
                                            -------     -------      -------
         Net change in deferred taxes       $55,100     $46,683      $12,853
         Valuation Account                  (55,100)    (46,683)     (12,853)
         Current taxes payable                    0           0            0
                                           --------     -------      -------
         Provision for Income Taxes        $      0     $     0      $     0
                                           ========     =======      =======

Below is a chart showing the federal net operating  losses and the year in which
it will expire.

         Year                                 Amount             Expiration
                                           ---------             ----------
         2002                              $  58,423                 2022
         2003                                212,195                 2023
         9/30/03                             250,459                 2024
                                           ---------
         Total                              $521,077
                                           =========

Internal  Revenue Code (IRC)  Section 382  restricts the amount of net operating
loss  carry  forward  that can be  utilized  in a year if there has been a fifty
percent ownership change.  Because of the  re-capitalization  done July 15, 2003
ownership  percentages have changed.  However,  because the valuation  allowance
account established effectively negates any need for an in depth review of stock
ownership changes, no analysis was performed on stock ownership to verify if the
Listo, Inc. ownership would be covered by IRC Section 382.

                                       10
<PAGE>

Note 6. OPERATING LEASES AND OTHER COMMITMENTS:

The  Company  leases  office  space in Phoenix  and in Mexico.  The leases  have
expired as of July 15, 2003.  However, it is expected that they will be renewed.
The five-year projection of these future obligations follows:

                           Year 1    Year 2    Year 3    Year 4    Year 5
Operating Leases, etc     $30,000   $30,000   $30,000   $30,000   $30,000


Note 8. THE EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS

Below is a listing of the most  recent  accounting  standards  SFAS  145-150 and
their effect on the Company.

SFAS 146 Accounting for Costs Associated with Exit or Disposal Activities

This statement  requires  companies to recognize  costs  associated with exit or
disposal  activities,  other than SFAS 143 costs,  when they are incurred rather
than at the date of a commitment to an exit or disposal plan.  Examples of these
costs are lease  termination  costs,  employee  severance costs  associated with
restructuring,  discontinued operation, plant closing, or other exit or disposal
activity. This statement is effective after December 15, 2002.

SFAS 147 Acquisitions of Certain  Financial  Institutions - an amendment of FASB
Statement No. 72 and 144 and FASB Interpretation No. 9.

This statement  makes the acquisition of financial  institutions  come under the
statements 141 and 142 instead of statement 72, 144 and FASB  Interpretation No.
9. This statement is applicable for acquisition on or after October 1, 2002.

SFAS 148 Accounting for Stock-Based Compensation - Transition and Disclosure

Amends FASB 123 to provide  alternative methods of transition for an entity that
voluntarily changes to the fair value based method of accounting for stock-based
employee compensation.

SFAS 149  Amendment  of  Statement  133 on  Derivative  Instruments  and Hedging
Activities

This  Statement  amends and  clarifies  financial  accounting  and reporting for
derivative  instruments,  including certain derivative  instruments  embedded in
other  contracts  (collectively  referred  to as  derivatives)  and for  hedging
activities under FASB Statement No. 133,  Accounting for Derivative  Instruments
and Hedging Activities.



SFAS 150 Financial  Instruments  with  Characteristics  of both  Liabilities and
Equity

This  statement  requires that such  instruments be classified as liabilities in
the balance sheet. SFAS 150 is effective for financial  instruments entered into
or modified after May 31, 2003.

The adoption of these new  Statements is not expected to have a material  effect
on the Company's  current  financial  position,  results or operations,  or cash
flows.  These  standards  will  have an  impact if the  Company  merges  with an
operating entity.

                                       11
<PAGE>



Item 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATION.

The Company

Listo, Inc (the "Company", "us" or "we") was incorporated in the State of Nevada
on January 18, 2002, as GBO  Corporation.  Effective July, 15, 2003, the Company
merged with Listo, Inc., a private Nevada  corporation,  and changed its name to
Listo,  Inc. The Company's plan is to acquire  residential  and commercial  real
estate in the resort town of Puerto Penasco,  Mexico, located 60 miles southwest
of the Arizona border town of Lukeville, for resale or development.  Listo, Inc.
is a development stage company that does not as yet own any property and has not
generated any revenues from operations..

Listo,  Inc.  currently  plans to conduct  the  following  business  activities:
acquire,  manage, and develop  income-producing real property in Puerto Penasco,
Mexico and acquire real property in Puerto Penasco, Mexico for long-term capital
gains.  The Company's  plan of operations  also  includes  identifying  suitable
companies  that own land and/or  income-producing  property  in Puerto  Penasco,
Mexico for purposes of acquisition.

Results of Operation

The   Company's   only   operations   during  this  quarter   consisted  of  (i)
reorganizational  activities  related to the merger of the  Company  with Listo,
Inc., a Nevada corporation, effective July 15, 2003, (ii) investigating possible
opportunities  in  furtherance  of the  Company's  plans to purchase and develop
commercial and residential real estate projects in Puerto Penasco,  Mexico,  and
(iii) capital raising activities related thereto (See "Changes in Securities").

The Company's capital is limited. The Company anticipates operational costs will
be limited until such time as significant efforts have been undertaken regarding
the purchase, development and marketing of its first real estate project.

Our  success is  materially  dependent  upon our  ability to satisfy  additional
financing  requirements.  We are  reviewing  our  options  to  raise  additional
capital.  In order to satisfy  our  requisite  budget,  management  has held and
continues to conduct  negotiations  with various  investors.  We anticipate that
these negotiations will result in additional investment capital for us.

Our operations  involve risks and uncertainties and actual results could fail as
a result  of a number  of  factors.  We  anticipate  that we will  need to raise
additional capital to develop,  promote, and conduct our operations.  Additional
capital may be raised through public or private  financing as well as borrowings
and other  sources.  There can be no assurance that  additional  funding will be
available under favorable terms. If adequate funds are not available,  we may be
required to curtail operations significantly or to obtain funds through entering
into arrangements with  collaborative  partners or others that may require us to
relinquish  rights to certain  products and services that we would not otherwise
relinquish.

The Company  generated $0 in revenue  during the period  covered by this Report.
Net losses for the Quarter  ending  September  30, 2003,  of $250,459  primarily
attributable to costs related to the merger,  general and administrative  costs,
and costs related to  researching  the  viability  potential of projects for the
Company. The Company had total assets of $3,349 and total current liabilities of
$20,666. The Company had $3349 in cash. The Company expects to continue to incur
losses at least through fiscal year 2003, and there can be no assurance that the
Company  will  achieve or maintain  profitability,  generate  revenue or sustain
future growth.

                                       12
<PAGE>

Liquidity and Capital Resources

At September  30, 2003,  the  Company's  total assets of $3349 were  exceeded by
current liabilities of $20,666. We had cash on hand of $3349.


                           PART II. OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS.

None

Item 2. CHANGES IN SECURITIES

During the  three-month  period ending  September 30, 2003, the Company issued a
total of 616,000 shares of its  unregistered  common stock to 22 investors for a
total value to the Company of $196,000.  The Company issued an additional 20,000
shares of its unregistered  common stock for services rendered for a total value
to the Company of $1,000.

The aforementioned  securities were issued under the exemption from registration
provided by  Regulation D and Section  4(2) of the  Securities  Act of 1933,  as
amended.  We believed this exemption is available  because these  issuances were
transactions not involving a public offering.  There was no general solicitation
or  advertising  used to offer our shares.  Each  investor had the knowledge and
experience in financial and business matters to evaluate the merits and risks of
this prospective  investment and therefore was either accredited or sufficiently
sophisticated  to undertake such an  investment.  Further,  securities  were not
offered or sold to more than thirty-five (35) unaccredited investors.

We have never utilized an underwriter for an offering of our securities.


Item 3. DEFAULT UPON SENIOR SECURITIES.

None

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

On May 15, 2003, GBO, Inc. (the "Company" or  "Registrant")  entered into a Plan
of Merger with Listo,  Inc.("Listo"),  a private Nevada  corporation,  providing
that the Company issue one share of its common stock for each share owned by the
shareholders  of Listo.  The  transaction was approved by written consent of the
shareholders  of the  Company  and  Listo  and no  shareholders  of Listo or the
Company exercised their right to dissent to the merger, therefore, all 3,676,000
of the issued and  outstanding  shares of Listo were  acquired  by the  Company.
Articles  of Merger  were filed with the Nevada  Secretary  of State on July 15,
2003,  providing  that the  effective  date of the  merger  is June 1,  2003 and
changing the name of the Company to Listo,  Inc. The Company filed a Form 8-K on
July 27,2003,  reporting the material facts of the merger. On September 3, 2003,
the shareholders authorized the Company to file a Certificate of Correction with
the Nevada  Secretary of State changing the effective date of the merger to July
15, 2003. On September 29, 2003, the Company filed an Amended Form 8-K reporting
the change in the effective date of the merger.

Item 5. OTHER INFORMATION.

None

                                       13
<PAGE>

Item 6. EXHIBITS AND REPORTS ON FORM 8-K.


     (a)   Exhibits

          31.1 Certificate of CEO as Required by Rule 13a-14(a)/15d-14

          31.2 Certificate of CFO as Required by Rule 13a-14(a)/15d-14

          32.1 Certificate  of CEO as Required by Rule Rule  13a-14(b)  and Rule
               15d-14(b) (17 CFR  240.15d-14(b))  and Section 1350 of Chapter 63
               of Title 18 of the United States Code

          32.2 Certificate  of CFO as Required by Rule Rule  13a-14(b)  and Rule
               15d-14(b) (17 CFR  240.15d-14(b))  and Section 1350 of Chapter 63
               of Title 18 of the United States Code


     (b)   Reports of Form 8-K.

          Form 8K filed on August 13, 2003 and  thereafter  amended on September
          4, 2003 and September 29, 2003.

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Dated: November 14, 2003                                LISTO, INC.

                                                     By: /s/ Robert L. Smart
                                                         -----------------------
                                                             Robert L. Smart
                                                             President

                                       14
<PAGE>


                                  EXHIBIT 31.1
                                  CERTIFICATION

I, Robert L. Smart, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of LISTO, INC.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a)   designed such  disclosure  controls and  procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

a)   all  significant  deficiencies  in the  design  or  operation  of  internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 14, 2003
/s/ Robert L. Smart
------------------------
By: Robert L. Smart, CEO


                                       15
<PAGE>

                                  EXHIBIT 31.2
                                  CERTIFICATION

I, Robert L. Smart, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of LISTO, INC.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a)   designed such  disclosure  controls and  procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

a)   all  significant  deficiencies  in the  design  or  operation  of  internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 14, 2003
/s/ Robert L. Smart
------------------------
By: Robert L. Smart, CFO


                                       16
<PAGE>

                                  EXHIBIT 32.1
                            CERTIFICATION PURSUANT TO
                                 18 U.S.C. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly  Report of LISTO,  INC. (the "Company") on Form
10-QSB for the period ended September 30, 2003, as filed with the Securities and
Exchange Commission on the date hereof (the "Report"), I, Robert L. Smart, Chief
Executive  Officer of the  Company,  certify,  pursuant  to 18 U.S.C.  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and

The  information  contained  in the  Report  fairly  presents,  in all  material
respects, the financial condition and results of operations of the Company.


                                                   /s/ Robert L. Smart
                                                   --------------------------
Date: November 14, 2003                               Robert L. Smart
                                                      Chief Executive Officer



                                       17
<PAGE>


                                  EXHIBIT 32.2
                            CERTIFICATION PURSUANT TO
                                 18 U.S.C. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly  Report of LISTO,  INC. (the "Company") on Form
10-QSB for the period ended September 30, 2003, as filed with the Securities and
Exchange Commission on the date hereof (the "Report"), I, Robert L. Smart, Chief
Financial  Officer of the  Company,  certify,  pursuant  to 18 U.S.C.  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and

The  information  contained  in the  Report  fairly  presents,  in all  material
respects, the financial condition and results of operations of the Company.


                                                  /s/Robert L. Smart
                                                  ---------------------------
Date: November 14, 2003                              Robert L. Smart
                                                     Chief Financial Officer



                                       18
<PAGE>