UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


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


(Mark One)

|X|  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED: MARCH 31, 2008

                                       OR

|_|  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM: TO:


                        COMMISSION FILE NUMBER 000-52338

                               SLM HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

               DELAWARE                               42-1555574
   ---------------------------------                 -------------
    (State of or other jurisdiction                  (IRS Employer
   of incorporation or organization)                   I.D. No.)

                               99 Sunnyside Blvd.,
                               Woodbury, NY 11797
                     (Address of Principal Executive Office)

                                 (866) 756-5323
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
the definitions of "large accelerated filer,"  "accelerated filer," and "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (check one):
    Large accelerated filer |_|                            Accelerated filer |_|
    Non-accelerated filer |_| (Do not check if a smaller reporting company)
                                                   Smaller reporting company |X|

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).                                  Yes |_| No |X|

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                   CLASS                       OUTSTANDING AS OF MAY 15, 2008
-----------------------------------------  -------------------------------------
      Common stock, $.0001 par value                     60,685,833



<PAGE>

                                TABLE OF CONTENTS


                                                                            Page
                                                                            ----

PART I    FINANCIAL INFORMATION................................................1

          ITEM 1.    FINANCIAL STATEMENTS......................................1

          ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
                     OPERATION.................................................2

          ITEM 3.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
                     MARKET RISKS..............................................4

          ITEM 4.    CONTROLS AND PROCEDURES...................................4


PART II   OTHER INFORMATION....................................................5


          ITEM 1.    LEGAL PROCEEDINGS.........................................5

          ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
                     PROCEEDS..................................................5

          ITEM 3.    DEFAULTS UPON SENIOR SECURITIES...........................5

          ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.......5

          ITEM 5.    OTHER INFORMATION.........................................5

          ITEM 6.    EXHIBITS..................................................5


SIGNATURE .................................................................... 6



                                       i

<PAGE>

                          PART I   FINANCIAL INFORMATION



ITEM 1.   FINANCIAL STATEMENTS

                          INDEX TO FINANCIAL STATEMENTS


Condensed Consolidated Balance Sheets March 31, 2008 (Unaudited)
     and December 31, 2007 (Audited).........................................F-1

Condensed Consolidated Statements of Operations (Unaudited)
     for the Three Months Ended March 31, 2008 and 2007......................F-2

Consolidated Statements of Stockholders' Deficiency (Unaudited)
     for the Three Months Ended March 31, 2008..,,,,,,,,,,,,,,,,,,,,,,,......F-3

Condensed Consolidated Statements of Cash Flows (Unaudited)
     for the Three Months Ended March 31, 2008 and 2007......................F-4

Notes to Unaudited Condensed Consolidated Financial Statements...............F-5



                                        1


<PAGE>

                        SLM HOLDINGS, INC. AND SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                      Unaudited             Audited
                                                                    March 31, 2008      December 31, 2007
                                                                  ------------------   ------------------
                                                  ASSETS
<S>                                                               <C>                  <C>
CURRENT ASSETS
  Cash and Cash Equivalents                                       $            6,300   $           19,459
  Accounts Receivable                                                          9,712               23,402
  Prepaid Expenses and Other Current Assets                                   88,540                7,770
                                                                  ------------------   ------------------
    Total Current Assets                                                     104,552               50,631
                                                                  ------------------   ------------------
PROPERTY AND EQUIPMENT, NET                                                   16,234               20,369
                                                                  ------------------   ------------------
OTHER ASSETS
  Intangible Assets, Net                                                      48,056               48,889
  Goodwill                                                                 1,480,000            1,480,000
  Security Deposits                                                            3,341                3,341
                                                                  ------------------   ------------------
    Total Other Assets                                                     1,531,397            1,532,230
                                                                  ------------------   ------------------
TOTAL ASSETS                                                      $        1,652,183   $        1,603,230
                                                                  ------------------   ------------------

                                 LIABILITIES AND STOCKHOLDERS' DEFICIENCY
CURRENT LIABILITIES
  Accounts Payable and Accrued Expenses                           $          689,225   $          644,940
  Deferred Compensation                                                      489,380              398,130
  Equipment Loans Payable                                                     11,910               11,910
  Notes Payable                                                              412,500              437,500
  Notes Payable - Related Parties                                            105,000              105,000
  Convertible Notes Payable - Net of Discount                                805,000              780,000
                                                                  ------------------   ------------------
    Total Current Liabilities                                              2,513,015            2,377,480
                                                                  ------------------   ------------------
LONG-TERM LIABILITIES
  Note Payable - Venture Fund                                                352,748              352,748
  Equipment Loans Payable, net of current portion                             28,223               31,033
                                                                  ------------------   ------------------
    Total Long-Term Liabilities                                              380,971              383,781
                                                                  ------------------   ------------------
    Total Liabilities                                                      2,893,986            2,761,261
                                                                  ------------------   ------------------

STOCKHOLDERS' DEFICIENCY
  Preferred Stock - $.0001 par value, 10,000,000 Shares
    Authorized, None Issued and Oustanding at
    March 31, 2008 and December 31, 2007                                           -                    -
  Common Stock - $.0001 par value, 100,000,000 Shares
    Authorized, 60,685,833 and 59,285,833 Shares Issued and
    Outstanding at March 31, 2008 and December 31, 2007                        6,069                5,929
  Additional Paid-In Capital                                              15,410,310           15,229,550
  Accumulated Deficit                                                    (16,658,182)         (16,393,510)
                                                                  ------------------   ------------------
Total Stockholders' Deficiency                                            (1,241,803)          (1,158,031)
                                                                  ------------------   ------------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY                    $        1,652,183   $        1,603,230
                                                                  ==================   ==================
</TABLE>

  THE ACCOMPANYING NOTES TO ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

                                       F-1


<PAGE>

                        SLM HOLDINGS, INC. AND SUBSIDIARY
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
               FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007
<TABLE>
<CAPTION>
                                                                         2008                  2007
                                                                  ------------------   ------------------
<S>                                                               <C>                  <C>
Revenues                                                          $          338,611   $           51,586
                                                                  ------------------   ------------------
Operating Costs and Expenses
  Marketing and Advertising                                                   70,205               19,255
  Consulting Fees                                                            192,799               24,167
  Consulting Fees - Related Party                                                  0               28,500
  Rent                                                                             0                4,945
  Professional Fees                                                           46,327               59,114
  Travel and Entertainment                                                    51,375                5,837
  Office                                                                      18,699                7,107
  Other General and Administrative Expenses, including
    $0 and $209,566 of Stock-Based Compensation
    in 2008 and 2007, respectively                                           161,324              315,651
  Depreciation and Amortization                                                4,968               22,313
                                                                  ------------------   ------------------
    Total Operating Expenses                                                 545,697              486,889
                                                                  ------------------   ------------------
    Loss from Operations                                                    (207,086)            (435,303)

Interest Expense, Net                                                         57,586            1,032,689
                                                                  ------------------   ------------------
    Net Loss                                                      $         (264,672)  $       (1,467,992)
                                                                  ==================   ==================
Net Loss per common share:
  Basic and diluted                                               $            (0.00)  $            (0.04)
                                                                  ==================   ==================
Weighted average number of shares outstanding                             60,039,166           40,075,717
                                                                  ==================   ==================
</TABLE>

  THE ACCOMPANYING NOTES TO ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

                                       F-2

<PAGE>

                        SLM HOLDINGS, INC. AND SUBSIDIARY
         CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY (UNAUDITED)
                    FOR THE THREE MONTHS ENDED MARCH 31, 2008
<TABLE>
<CAPTION>

                                              Common Stock              Additional
                                        -------------------------         Paid-in         Accumulated
                                           Shares        Amount           Capital            Deficit           Total
                                        -------------------------      -------------      ------------      -----------
<S>                <C>                    <C>            <C>           <C>                <C>               <C>
Balance at January 1, 2008                59,285,833     $  5,929      $  15,229,550      $(16,393,510)     $(1,158,031)

Issuance of Common Stock in
  connection with Financing                   25,000            3              3,748                              3,750

Issuance of Common Stock in
  connection with Services                 1,375,000          139            177,012                            177,150

Net Loss                                                                                      (264,672)        (264,672)
                                        ------------     --------      -------------      ------------      -----------

Balance at March 31, 2008                 60,685,833     $  6,069      $  15,410,310      $(16,658,182)     $(1,241,803)
                                        ------------     --------      -------------      ------------      -----------
</TABLE>

  THE ACCOMPANYING NOTES TO ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

                                       F-3


<PAGE>

                        SLM HOLDINGS, INC. AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                      FOR THE THREE MONTHS ENDED MARCH 31,
<TABLE>
<CAPTION>
                                                                           2008            2007
                                                                      ------------   -----------------
<S>                                                                   <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Loss                                                            $   (264,672)  $      (1,467,992)
Adjustments to Reconcile Net Loss to
  Net Cash Used In Operating Activities:
    Depreciation and Amortization                                            4,968              22,313
    Issuance of Stock Based Compensation                                    99,150             209,566
    Issuance of Common Stock for Interest                                    3,750             985,814
  Changes in assets and liabilities:
    Accounts Receivable                                                     13,690             (15,172)
    Prepaid Expenses                                                        (2,770)             12,419
    Employee Advances                                                            -               2,754
    Accounts Payable and Accrued Expenses                                   44,285             130,464
    Deferred Compensation                                                   91,250              47,500
                                                                      ------------   -----------------
Net Cash Used In Operating Activities                                      (10,349)            (72,334)
                                                                      ------------   -----------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from Issuance of Common Stock, Net of Costs                           -              12,500
  Proceeds from Issuance of Common Stock for Exercise of Warrant                 -              13,500
  Payments to Equipment Loan Payable                                        (2,810)             (2,485)
  Repayment of Notes Payable                                               (25,000)                  -
  Proceeds from Convertible Notes                                           25,000              50,000
                                                                      ------------   -----------------
Net Cash (Used In) Provided By Financing Activities                         (2,810)             73,515
                                                                      ------------   -----------------
(Decrease) Increase in Cash and Cash Equivalents                           (13,159)              1,181
Cash and Cash Equivalents - Beginning of Period                             19,459              40,229
                                                                      ------------   -----------------
CASH AND CASH EQUIVALENTS - END OF PERIOD                             $      6,300   $          41,410
                                                                      ============   =================
Schedule of Non-Cash Financing Activities:
  Issuance of Common Stock in connection with Conversion
    of Convertible Notes and Related Interest                         $          -   $       1,393,309
  Issuance of Common Stock for Services                               $     78,000   $               -
</TABLE>


  THE ACCOMPANYING NOTES TO ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

                                       F-4

<PAGE>

                               SLM HOLDINGS, INC.
                          (An Exploration Stage Entity)
         NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                             MARCH 31, 2008 AND 2007


NOTE 1 - NATURE OF THE BUSINESS

Sales Lead  Management,  Inc. ("SLM") was incorporated as a New York corporation
on May 10, 2001  ("Inception").  SLM has developed software tools and data files
which are  provided  via an  application  service  provider  ("ASP")  model to a
variety of sales professionals  throughout the country.  SLM's technology allows
the  users  to  access  The  Broker's  e-Vantage  ("TBEV")  system,  a  prospect
management and lead fulfillment  solution for financial  professionals.  SLM has
devoted  substantially  all its efforts to research and product  development and
raising capital.


NOTE 2 - GOING CONCERN

The accompanying consolidated financial statements have been prepared on a basis
which  assumes  that  the  Company  will  continue  as a  going  concern,  which
contemplates   continuity  of   operations,   realization   of  assets  and  the
satisfaction  of liabilities  and  commitments in the normal course of business.
The  Company  has a limited  operating  history  and has  incurred  losses  from
operations since its inception.  These  circumstances  raise  substantial  doubt
about the Company's ability to continue as a going concern.  Management's  plans
with regard to these matters include continued  development and marketing of its
products  as  well  as  seeking  additional  financing  arrangements.  Although,
management  continues to pursue these plans,  there is no assurance  the Company
will be successful in obtaining  sufficient  fees from its products or financing
on terms acceptable to the Company. The consolidated financial statements do not
include any adjustments that might result from the outcome of this uncertainty.


NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


PRINCIPLES OF CONSOLIDATION

The  consolidated  Financial  Statements  include the accounts of SLM  Holdings,
Inc.,  the  parent  company,  and  its  wholly  owned  subsidiary,   Sales  Lead
Management,  Inc.,  after  elimination  of all material  intercompany  accounts,
transactions, and profits.


USE OF ESTIMATES

In  preparing  financial   statements  in  conformity  with  generally  accepted
accounting principles,  management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the disclosure of
contingent  assets and  liabilities at the date of the financial  statements and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.


INTANGIBLE ASSETS

Intangible  assets are initially  measured based on their estimated fair values.
Intangible  assets are being  amortized on a  straight-line  basis over either a
10-year period or over the contract period.


                                      F-5

<PAGE>

                               SLM HOLDINGS, INC.
    NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)
                             MARCH 31, 2008 AND 2007


IMPAIRMENT OF GOODWILL

The Company  evaluates the carrying value of goodwill  during the fourth quarter
of each year and between  annual  evaluations  if events occur or  circumstances
change that would more  likely  than not reduce the fair value of the  reporting
unit below its carrying amount.  Such circumstances  could include,  but are not
limited to: (1) a  significant  adverse  change in legal  factors or in business
climate, (2) unanticipated  competition,  or (3) an adverse action or assessment
by a  regulator.  When  evaluating  whether  goodwill is  impaired,  the Company
compares the fair value of the reporting  unit to which the goodwill is assigned
to the reporting unit's carrying amount,  including goodwill.  The fair value of
the reporting unit is estimated using a combination of the income, or discounted
cash  flows,  approach  and  the  market  approach,  which  utilizes  comparable
companies'  data.  If the carrying  amount of a reporting  unit exceeds its fair
value,  then the amount of the impairment loss must be measured.  The impairment
loss would be calculated  by comparing the implied fair value of reporting  unit
goodwill to its  carrying  amount.  In  calculating  the  implied  fair value of
reporting  unit  goodwill,  the fair value of the reporting unit is allocated to
all of the other assets and liabilities of that unit based on their fair values.
The excess of the fair value of a reporting unit over the amount assigned to its
other  assets  and  liabilities  is the  implied  fair  value  of  goodwill.  An
impairment loss would be recognized when the carrying amount of goodwill exceeds
its implied fair value.  The Company's  evaluation of goodwill  completed during
the year resulted in no impairment losses.


REVENUE RECOGNITION

Revenues  from its software  tools and data services are  recognized  ratably as
earned over the term of the subscriptions. The Company invoices and is paid on a
monthly basis for access to its proprietary software and database.


LOSS PER COMMON SHARE

Basic loss per share is computed as net loss  available  to common  shareholders
divided by the weighted  average  number of common  shares  outstanding  for the
period.  Diluted loss per share reflects the potential dilution that could occur
from common shares  issuable  through stock options,  warrants,  and convertible
debt.  For the three  months  ended  March 31,  2008 and  2007,  12,561,173  and
12,324,903,  respectively,  of  options,  warrants  and  convertible  debt  were
excluded from the diluted loss per share  computation,  as their effect would be
anti-dilutive.


INCOME TAXES

The Company uses the liability  method to account for income taxes.  The primary
objectives  of  accounting  for income taxes are to (a)  recognize the amount of
income tax payable for the current year and (b) recognize the amount of deferred
tax liability or asset based on management's  assessment of the tax consequences
attributable to differences  between the financial statement carrying amounts of
existing  assets and liabilities  and their  respective tax bases.  Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.  Valuation allowances are established when necessary to
reduce deferred tax assets to the amounts expected to be realized.


                                      F-6

<PAGE>

                               SLM HOLDINGS, INC.
    NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)
                             MARCH 31, 2008 AND 2007


At  March  31,  2008,  the  Company  had net  operating  loss  carryforwards  of
approximately $6,210,000,  which expire through 2026. Pursuant to Section 382 of
the  Internal   Revenue  Code  regarding   substantial   changes  in  ownership,
utilization of these losses may be limited.  Based on this and the fact that the
Company has generated  operating losses through March 31, 2008, the deferred tax
asset of  approximately  $2,318,000 has been offset by a valuation  allowance of
$2,318,000.


ACCOUNTING FOR STOCK-BASED COMPENSATION

The Company  consummated  various  transactions  where it paid the consideration
primarily  in  options  or  warrants  to  purchase  its  common   stock.   These
transactions include financing transactions and providing incentives to attract,
retain and motivate employees, officers and directors.

When  options or warrants to purchase  the  Company's  common  stock are used as
incentives for employees, officers or directors, the Company uses the fair value
method required by SFAS No. 123R.

The fair value of options or warrants to purchase the Company's  common stock is
determined using the Black-Scholes valuation method, a method widely accepted as
providing  the fair market value of an option or warrant to purchase  stock at a
fixed price for a specified period of time. Black-Scholes uses five variables to
determine market value as follows:

     o    exercise  price  (the  price to be paid  for a share in the  Company's
          common stock);

     o    price of the Company's common stock on the day the options or warrants
          are granted;

     o    the expected  number of days that the options or warrants will be held
          before they are  exercised,  based on the average of their vesting and
          contractual periods;

     o    trading  volatility of the Company's common stock, based on historical
          prices for a retrospective period equal to the expected holding period
          together with certain other factors as applicable; and

     o    the annual risk free interest rate on the day the option or warrant is
          granted for the expected holding period.

The  determination of expected  volatility  requires  management to make certain
estimates and the actual volatility may vary  significantly  from that estimate.
Accordingly, the determination of the resulting expense is based on a management
estimate.  The Company  determined  to use a zero  volatility  on the basis that
there are no other  companies  to use as a guideline  and the lack of trading in
the stock.

The fair value of options at date of grant in 2008 and 2007 was estimated  using
the  Black-Scholes  fair value based method with the following  weighted average
assumptions:

                                   2008           2007
                                ---------      ----------
Expected life (years)               5               5
Risk free interest rate           2.46%           4.54%
Volatility                          0               0
Dividends                           0               0


                                       F-7

<PAGE>

                               SLM HOLDINGS, INC.
    NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)
                             MARCH 31, 2008 AND 2007


The  weighted  average  fair  value of each  option  at date of grant  using the
Black-Scholes  fair value based method during 2007 was estimated at $.07.  There
were no options issued in 2008.

The  following  table  represents  our stock  options  granted,  exercised,  and
forfeited during the period ended March 31, 2008 and 2007.

<TABLE>
<CAPTION>
                                                        WEIGHTED AVERAGE    WEIGHTED AVERAGE
                                                         EXERCISE PRICE        REMAINING            AGGREGATE
          STOCK OPTIONS            NUMBER OF OPTIONS       PER OPTION       CONTRACTUAL TERM     INTRINSIC VALUE
-------------------------------  ---------------------  ----------------    ----------------     ---------------
<S>                     <C>            <C>                     <C>                 <C>               <C>
Outstanding at  January 1, 2007        4,685,000               0.33                3.8               $180,500

Granted                                  220,000               0.40               10.0                      -
                                 -----------------------------------------------------------------------------------
Outstanding at  March 31, 2007         4,905,000               0.33                7.3               $180,500
                                 ===================================================================================
Outstanding at  January 1, 2008        1,565,416               0.39                5.9                 $9,000
                                 -----------------------------------------------------------------------------------
Outstanding at  March 31, 2007         1,565,416               0.39                5.6                 $9,000
                                 ===================================================================================
</TABLE>


NOTE 4 - STOCKHOLDERS' DEFICIENCY


WARRANTS

The  following  table  summarizes  the  Company's  activity as it relates to its
warrants for the three months ended March 31, 2008 and 2007:

                                                                    WEIGHTED
                                                                     AVERAGE
                                                SHARES            EXERCISE PRICE
                                             -----------------    --------------
Balance outstanding at January 01, 2007          6,589,369            0.35

Exercised                                          675,000            0.02
                                             -----------------
Balance outstanding at January 01, 2008          7,412,181            0.31

Issued                                             127,794            0.27
                                             -----------------
Balance outstanding at March 31, 2008            7,539,975            0.31

The following is additional  information with respect to the Company's  warrants
as of March 31, 2008.


                                      F-8
<PAGE>

                               SLM HOLDINGS, INC.
    NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)
                             MARCH 31, 2008 AND 2007

<TABLE>
<CAPTION>
                                                    WEIGHTED AVERAGE
                                                   REMAINING YEARS OF                             WEIGHTED AVERAGE
   RANGE OF EXERCISE       NUMBER OUTSTANDING       CONTRACTUAL LIFE      NUMBER EXERCISABLE       EXERCISE PRICE
-----------------------   --------------------   ---------------------   --------------------   --------------------
<S>                              <C>                      <C>                  <C>                      <C>
      $0.00-$0.02                  200,000                1.00                   200,000                $0.02
       0.02-0.20                 5,970,475                4.00                 5,970,475                 0.12
       0.40-0.50                   286,000                5.00                   286,000                 0.48
          1.00                     773,500                1.00                   773,500                 1.00
          2.50                     310,000                2.00                   310,000                 2.50
-----------------------   --------------------   ---------------------   --------------------   --------------------
       $0.00-2.50                7,539,975                3.00                 7,539,975                $0.31
=======================   ====================   =====================   ====================   ====================
</TABLE>



                                      F-9

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

THIS FORM 10-Q  INCLUDES  "FORWARD-LOOKING  STATEMENTS"  WITHIN  THE  MEANING OF
SECTION 27A OF THE  SECURITIES ACT OF 1933, AS AMENDED,  OR THE SECURITIES  ACT,
AND SECTION  21E OF THE  SECURITIES  EXCHANGE  ACT OF 1934,  AS AMENDED,  OR THE
EXCHANGE ACT. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS, INCLUDED
IN THIS FORM 10-Q THAT ADDRESS ACTIVITIES, EVENTS OR DEVELOPMENTS THAT WE EXPECT
OR ANTICIPATE  WILL OR MAY OCCUR IN THE FUTURE,  INCLUDING SUCH THINGS AS FUTURE
CAPITAL  EXPENDITURES  (INCLUDING  THE  AMOUNT  AND  NATURE  THEREOF),  BUSINESS
STRATEGY  AND  MEASURES TO  IMPLEMENT  STRATEGY,  COMPETITIVE  STRENGTH,  GOALS,
EXPANSION AND GROWTH OF OUR BUSINESS AND OPERATIONS, PLANS, REFERENCES TO FUTURE
SUCCESS, REFERENCE TO INTENTIONS AS TO FUTURE MATTERS AND OTHER SUCH MATTERS ARE
FORWARD-LOOKING  STATEMENTS.  THESE STATEMENTS ARE BASED ON CERTAIN  ASSUMPTIONS
AND  ANALYSES  MADE BY US IN  LIGHT  OF OUR  EXPERIENCE  AND OUR  PERCEPTION  OF
HISTORICAL TRENDS,  CURRENT CONDITIONS AND EXPECTED FUTURE  DEVELOPMENTS AS WELL
AS OTHER  FACTORS WE BELIEVE  ARE  APPROPRIATE  IN THE  CIRCUMSTANCES.  HOWEVER,
WHETHER ACTUAL RESULTS AND  DEVELOPMENTS  WILL CONFORM TO OUR  EXPECTATIONS  AND
PREDICTIONS  IS  SUBJECT  TO A NUMBER  OF RISKS  AND  UNCERTAINTIES,  AND  OTHER
FACTORS,  MANY  OF  WHICH  ARE  BEYOND  OUR  CONTROL.  CONSEQUENTLY,  ALL OF THE
FORWARD-LOOKING  STATEMENTS  MADE IN THIS  FORM  10-Q  ARE  QUALIFIED  BY  THESE
CAUTIONARY  STATEMENTS  AND WE CANNOT  ASSURE  YOU THAT THE  ACTUAL  RESULTS  OR
DEVELOPMENTS  ANTICIPATED BY US WILL BE REALIZED OR, EVEN IF REALIZED, THAT THEY
WILL HAVE THE  EXPECTED  CONSEQUENCES  TO OR  EFFECTS  ON US,  OUR  BUSINESS  OR
OPERATIONS.  WE HAVE NO  INTENTION,  AND DISCLAIM ANY  OBLIGATION,  TO UPDATE OR
REVISE ANY FORWARD-LOOKING  STATEMENTS,  WHETHER AS A RESULT OF NEW INFORMATION,
FUTURE RESULTS OR OTHERWISE. UNLESS OTHERWISE INDICATED OR THE CONTEXT OTHERWISE
REQUIRES,  ALL  REFERENCES  TO "SLM,"  "THE  COMPANY,"  "WE,"  "US" OR "OUR" AND
SIMILAR TERMS REFER TO SLM HOLDINGS, INC.


GENERAL

SLM Holdings, Inc. (the "Company, "we," "our," or "us"), a Delaware corporation,
was  formed on June 8, 2004  when a name  change  was  effected  from  Southwest
Mortgage  Corp.,  which was  incorporated  on October  24,  2002 in the State of
Delaware  ("Southwest"),  Southwest  was the  surviving  company from the Nortex
Refrigerated Trucking bankruptcy proceedings.

On  August  21,  2007,  the  Company  acquired  VerticalFalls   Software,   Inc.
("VerticalFalls"), a privately held distributor of desktop-based software. Under
the terms of the Agreement,  the Company  acquired the name and the right to use
the name "VerticalFalls Software, Inc." and all copyrights, trademarks and trade
names  related  thereto as well as all title and rights to the Assets then owned
by  VerticalFalls,  as  enumerated  in the  agreement  between  the  Company and
VerticalFalls.

SLM  Holdings,  Inc. has been approved by the NASD for quotation on the Over the
Counter  Bulletin  Board under the  quotation  symbol  "SMHI." It is the holding
company for our operating subsidiary, Sales Lead Management, Inc. ("SLM"), a New
York corporation  formed in May 2001. SLM has developed  software tools and data
files which are provided via an application  service provider ("ASP") model to a
variety of sales professionals  throughout the country.  SLM's technology allows
the  users  to  access  The  Broker's  e-Vantage  ("TBeV")  system,  a  prospect
management and lead fulfillment  solution for financial  professionals.  SLM has
devoted  substantially  all its efforts to research and product  development and
raising capital.

As the Company  and its core  products  evolved,  the acronym SLM was changed to
stand for "Software Leveraged  Marketing." Our executive office is located at 99
Sunnyside  Blvd.,  Woodbury,  New York  11797.  Our  telephone  number  is (866)
756-5323. We maintain an Internet Web site at HTTP://WWW.SLMBIZ.COM. Information
on our Internet website is for informational purposes only.


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<PAGE>


FOR THE THREE MONTHS ENDED MARCH 31, 2007

RESULTS OF OPERATIONS

REVENUES.  We generated revenue of $338,611 for the three months ended March 31,
2008,  as compared to $51,586 for the three  months  ended March 31,  2007.  The
increase in revenues from that three-month  period in 2008 to 2007 was primarily
due to increase in marketing, which has generated more revenue.

OPERATING  EXPENSES.  For the  three  months  ended  March 31,  2008,  our total
operating  expenses were $545,697,  as compared to total  operating  expenses of
$486,889  for the three  months  ended  March 31,  2007.  The  increase in total
operating  expenses  was  due  primarily  to  increase  of  consulting  fees  of
approximately  $168,000,  which  were fees  associated  with  setting up the new
overseas  customer  call  center,  which  also  caused  our  increase  in travel
expenses. In addition,  marketing expenses have increased  approximately $50,000
due to a new aggressive marketing plan.

INTEREST  EXPENSE.  Interest  for the three  months  ended  March  31,  2008 was
$57,586,  a difference of $975,103,  from 2007 of $1,032,689.  This decrease was
primarily due to the number of investors and the conversion of debt to stock. In
2007,  the Company had a large number of investors who invested into the company
and who had converted their interest to stock.


LIQUIDITY AND CAPITAL  RESOURCES

We had cash of $6,300 and accounts receivable of $9,712 as of March 31, 2008.
To date we have  funded our  operations  primarily  from  multiple  sales of the
private  placement  of  our  securities  to  accredited  investors,  loans  from
accredited investors including a Board advisor and an Institutional placement of
a senior loan with the Aegis New York State Venture  Capital Fund. Our Executive
Chairman  has also loaned the  Company  $100,000.  We have raised  approximately
$5,000,000 to date.

To date, we have incurred  substantial  losses,  and will require  financing for
working  capital to meet our operating  obligations.  We anticipate that we will
require  financing  on an ongoing  basis for  possibly the first two quarters of
2008,  which we will seek. There can be no assurance that such financing will be
available.  We intend to seek to raise up to $5,000,000  in  additional  funding
through the private issuance of common stock. The net proceeds from the offering
will be used to pay down any  non-converted  Notes  including  Aegis Capital and
leave the Company in excess of  $3,000,000  of net  proceeds to operate and grow
sales and earnings  for the next  twenty-four  months.  SLM may also utilize the
funds  along with its shares to  acquire  one  several  other  possible  private
software  companies that Management has identified to have compelling  synergies
to SLM and our product  line. We have not entered into any  agreements  with any
entity or banker for such  financing and there can be no assurance  that we will
be able to do so.

The  Software as a Service  model  (SOS) that we have  structured  our  business
around is an extremely tried and tested  approach.  Management  believes that if
handled properly, the margins for the right software solution can be significant
as witnessed by many of the industry leaders  including IBM and  Salesforce.com.
Management  anticipates turning profitable sometime during the second quarter of
2008.

The  costs to be  incurred,  as well as the  obligations  that need to be met by
reason of  becoming a publicly  reporting  company  will be taken from  revenues
earned through  operations.  We also intend to secure additional  financing from
outside sources in order to meet these costs and  obligations.  At this time, no
agreements  have been entered into  relative to future  financing of the Company
and there are assurances that such will be obtained.


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<PAGE>


OFF BALANCE SHEET REPORTS

The Company had no off balance sheet transactions during the quarter ended March
31, 2008.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

There have been no significant  changes in our market risks since the year ended
December 31, 2007. For more information,  please read the consolidated financial
statements  and notes  thereto  included in our Annual Report on Form 10-KSB for
the year ended December 31, 2007.


ITEM 4.  CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures.

Based on the Chief Executive and Financial Officer's evaluation as of the end of
the period covered by this Quarterly  Report on Form 10-Q, he has concluded that
the Company's  disclosure controls and procedures (as defined in Rules 13a-15(e)
and 15d-15(e)  under the Exchange  Act) are effective in timely  alerting him to
material  information  required to be included in Company's periodic  Securities
and  Exchange  Commission  reports.  It should be noted  that the  design of any
system  of  controls  is  based  in part  upon  certain  assumptions  about  the
likelihood of future events,  and there can be no assurance that any design will
succeed in achieving  its stated goals under all  potential  future  conditions,
regardless of how remote. In addition,  he reviewed  Company's internal controls
over financial reporting and there have been no changes in our internal controls
or in other factors in the last fiscal quarter that have materially  affected or
are reasonably  likely to materially  affect our internal control over financial
reporting.



                                       4

<PAGE>

                            PART II OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

The Company is not a party to any litigation.

Our address for service of process is 99 Sunnyside Blvd., Woodbury, NY 11797.


ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.


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

None.


ITEM 5. OTHER INFORMATION

None.


ITEM 6. EXHIBITS

 EXHIBIT
    NO.                         IDENTIFICATION OF EXHIBIT
-----------    -----------------------------------------------------------------


     3.1       Articles of Incorporation*

     3.2       By-Laws*

    31.1       Sarbanes Oxley Section 302 Certification

    32.1       Sarbanes Oxley Section 906 Certification

*    Previously filed



                                       5



<PAGE>


                                    SIGNATURE

In  accordance  with  Section 13 or 15(d) of the Exchange  Act,  the  registrant
caused  this  report to be signed on its behalf by the  undersigned,  there unto
duly authorized.




                                    SLM HOLDINGS, INC.



                                    By:  /S/ JASON BISHARA
                                         ----------------------------------
                                         Jason Bishara
                                         Principal Executive Officer



Date: May 20, 2008




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