| UNITED STATES                           |
|-----------------------------------------|
| SECURITIES      AND EXCHANGE COMMISSION |
| Washington,      DC 20549          |
| FORM      10-Q                          |

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

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

| MOD      HOSPITALITY, INC.                                 |
|------------------------------------------------------------|
| (Exact      name of registrant as specified in itscharter) |

| Nevada                                                              |   | 88-0393257                                   |
|---------------------------------------------------------------------|--------|----------------------------------------------|
| (State      of Other Jurisdiction of Incorporation or Organization) |   | (I.R.S.      Employer Identification Number) |

| 11710      Old Georgetown Road, Suite 808, North Bethesda, MD |   | 20852           |
|---------------------------------------------------------------|--------|-----------------|
| (Address      of principal executive offices)                 |   | (Zip      Code) |

| (301)      230-9674                                      |
|----------------------------------------------------------|
| (Registrant's      telephone number, including AreaCode) |

| PSPP      HOLDINGS, INC.3435      Ocean Park Blvd. #107, Santa Monica, CA 90405              |
|----------------------------------------------------------------------------------------------|
| (Former      name, former address and former fiscal year, if changed since last      report) |

| Large      accelerated filer  [_]                                                        | Accelerated      filer [_]         |
|----------------------------------------------------------------------------------------------------|------------------------------------|
|                                                                                               |                               |
| Non-accelerated      filer  [_]  (Do not check if a smaller reporting      company) | Smaller      reporting company [x] |

----

|                                                                                                                                                      | Page   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                      |   |
| PART      I - FINANCIAL INFORMATION                                                                                                                       |   |
|                                                                                                                                                      |   |
| Item      1.    Financial Statements                                                                                                  | F-1    |
|                                                                                                                                                      |   |
| Item      2.    Management's Discussion and Analysis      of  Financial Condition  and Results of      Operations | 2      |
|                                                                                                                                                      |   |
| Item      3.    Quantitative and Qualitative Disclosures About      Market Risk                                                       | 3      |
|                                                                                                                                                      |   |
| Item      4.    Controls and Procedures                                                                                               | 4      |
|                                                                                                                                                      |   |
| Item      4T.  Controls and Procedures                                                                                                          |   |
|                                                                                                                                                      |   |
| PART      II - OTHER INFORMATION                                                                                                                          |   |
|                                                                                                                                                      |   |
| Item      1.    Legal Proceedings                                                                                                     | 4      |
|                                                                                                                                                      |   |
| Item      1A. Risk Factors                                                                                                                                |   |
|                                                                                                                                                      |   |
| Item      2.    Unregistered Sale 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      |
|                                                                                                                                                      |   |
|                                                                                                                                                      |   |
| SIGNATURES                                                                                                                                                | 6      |

----

PART I

| MOD      HOSPITALITY, INC.                                                           |   |      |       |   |       |   |
|--------------------------------------------------------------------------------------|--------|-----------|------------|--------|------------|--------|
| F/K/A      PSPP HOLDINGS, INC.                                                       |   |      |       |   |       |   |
| BALANCE      SHEETS                                                                  |   |      |       |   |       |   |
|                                                                                 |   | 9/30/2008 |       |   | 12/31/2007 |   |
|                                                                                 |   | Unaudited |       |   | Audited    |   |
| ASSETS                                                                               |   |      |       |   |       |   |
| Current      assets                                                                  |   |      |       |   |       |   |
| Cash                                                                                 |   | $         | -          |   |       | $      | 211 |   |
| Total      current assets                                                            |   |      | -          |   |       |   | 211 |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| Other      assets                                                                    |   |      |       |   |       |   |   |   |
| Investments                                                                          |   |      | 58,000     |   |       |   | 313,000 |   |
| Total      other assets                                                              |   |      | 58,000     |   |       |   | 313,000 |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| Total      assets                                                                    |   | $         | 58,000     |   |       | $      | 313,211 |   |
| LIABILITIES AND      DEFICIENCY IN ASSETS                                            |   |      |       |   |       |   |   |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| Current      liabilities                                                             |   |      |       |   |       |   |   |   |
| Accounts      payable and accrued expenses                                           |   | $         | 315,812    |   |       | $      | 175,951 |   |
| Loans      payable                                                                   |   |      | 301,925    |   |       |   | 468,840 |   |
| Total      current liabilities                                                       |   |      | 617,737    |   |       |   | 644,791 |   |
| Long-term      liabilities                                                           |   |      | -          |   |       |   | - |   |
| Total      liabilities                                                               |   |      | 617,737    |   |       |   | 644,791 |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| Commitment      and contingencies                                                    |   |      | -          |   |       |   | - |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| Deficiency in      assets                                                            |   |      |       |   |       |   |   |   |
| Preferred      stock, $.001 par value, 10,000,000 shares                             |   |      |       |   |       |   |   |   |
| authorized,      1,000.000 issued and outstanding                                    |   |      | 10,000     |   |       |   | 300,000 |   |
| Common      stock, $.001 par value, 100,000,000 shares                               |   |      |       |   |       |   |   |   |
| authorized;      67,997 and 64,499,364                                               |   |      |       |   |       |   |   |   |
| shares      issued and outstanding, respectively                                     |   |      | 680        |   |       |   | 64,499 |   |
| Additional      paid-in capital                                                      |   |      | 5,268,603  |   |       |   | 4,948,968 |   |
| Accumulated      deficit                                                             |   |      | (5,839,020 | )      |       |   | (5,645,047 | ) |
| Total      deficiency in assets                                                      |   |      | (559,737   | )      |       |   | (331,580 | ) |
| Total      liabilities and deficiency in assets                                      |   | $         | 58,000     |   |       | $      | 313,211 |   |
|                                                                                 |   |      |       |   |       |   |   |   |
| The      financial information presented herein has been prepared by      management |   |      |       |   |       |
| without      audit by independent certified public accountants                       |   |      |       |   |       |   |   |   |
|                                                                                 |   |      |       |   |       |   |   |   |

----

| MOD      HOSPITALITY, INC.                                                                                                                          |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|----------|--------|-------------------------|--------|---------|-------------------------|--------|--------|-------------------------|--------|
| F/K/A      PSPP HOLDINGS, INC.                                                                                                                      |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
| STATEMENTS      OF OPERATIONS                                                                                                                       |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                |   | For      the three      |     |   | For      the three      |   |    | For      the nine       |   |   | For      the nine       |   |
|                                                                                                                                                |   | months      ended       |     |   | months      ended       |   |    | months      ended       |   |   | months      ended       |   |
|                                                                                                                                                |   | September      30, 2008 |     |   | September      30, 2007 |   |    | September      30, 2008 |   |   | September      30, 2007 |   |
|                                                                                                                                                |   | Unaudited               |     |   | Unaudited               |   |    | Unaudited               |   |   | Unaudited               |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
| Net      sales                                                                                                                                      |   | $                       | -        |   |                    | $      | -       |                    |   | $      | -                       |   |   | $ | - |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Cost      of sales                                                                                                                                  |   |                    | -        |   |                    |   | -       |                    |   |   | -                       |   |   |   | - |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Gross      profit                                                                                                                                   |   |                    | -        |   |                    |   | -       |                    |   |   | -                       |   |   |   | - |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Consulting                                                                                                                                          |   |                    | 38,629   |   |                    |   | -       |                    |   |   | 38,629                  |   |   |   | - |   |
| Legal      and professional fees                                                                                                                    |   |                    | 81,308   |   |                    |   | -       |                    |   |   | 81,308                  |   |   |   | - |   |
| General      and administrative                                                                                                                     |   |                    | 14,699   |   |                    |   | 17,250  |                    |   |   | 14,903                  |   |   |   | 51,897 |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Total      operating expenses                                                                                                                       |   |                    | 134,636  |   |                    |   | 17,250  |                    |   |   | 134,840                 |   |   |   | 51,897 |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Loss      from operations                                                                                                                           |   |                    | (134,636 | )      |                    |   | (17,250 | )                       |   |   | (134,840                | )      |   |   | (51,897 | ) |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Other income      (expense)                                                                                                                         |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Forgiveness      of debt income                                                                                                                     |   |                    | -        |   |                    |   | -       |                    |   |   | 255,189                 |   |   |   | - |   |
| Write-off      of investments                                                                                                                       |   |                    | -        |   |                    |   | -       |                    |   |   | (300,000                | )      |   |   | - |   |
| Interest      expense and financing costs                                                                                                           |   |                    | -        |   |                    |   | -       |                    |   |   | (14,322                 | )      |   |   | - |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Total      other income (expense)                                                                                                                   |   |                    | -        |   |                    |   | -       |                    |   |   | (59,133                 | )      |   |   | - |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Net      loss                                                                                                                                       |   | $                       | (134,636 | )      |                    | $      | (17,250 | )                       |   | $      | (193,973                | )      |   | $ | (51,897 | ) |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Weighted      average number of                                                                                                                     |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| common      shares outstanding                                                                                                                      |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| (basic      and fully diluted)                                                                                                                      |   |                    | 64,450   |   |                    |   | 57,499  |                    |   |   | 67,175                  |   |   |   | 64,499 |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Basic      and diluted (loss) per common share                                                                                                      |   | $                       | (2.09    | )      |                    | $      | (0.30   | )                       |   | $      | (2.89                   | )      |   | $ | (0.80 | ) |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| The      weighted average number of common shares outstanding were adjusted for the      stock-spilt in February and September 2008                 |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| The      financial information presented herein has been prepared by management      without      audit by independent certified public accountants |   |                    |     |   |                    |   |    |                    |   |
|                                                                                                                                                |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |

----

| MOD      HOSPITALITY, INC.                                                                                                                           |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|----------|--------|-------------------------|--------|---------|-------------------------|--------|--------|-------------------------|--------|
| F/K/A      PSPP HOLDINGS, INC.                                                                                                                       |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
| STATEMENTS      OF CASH FLOWS                                                                                                                        |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |
|                                                                                                                                                 |   |                    |     |   |                    | (1)    |    |                    |   |   |                    |   | (1) |   |
|                                                                                                                                                 |   | For      the three      |     |   | For      the three      |   |    | For      the nine       |   |   | For      the nine       |   |
|                                                                                                                                                 |   | months      ended       |     |   | months      ended       |   |    | months      ended       |   |   | months      ended       |   |
|                                                                                                                                                 |   | September      30, 2008 |     |   | September      30, 2007 |   |    | September      30, 2008 |   |   | September      30, 2007 |   |
|                                                                                                                                                 |   | Unaudited               |     |   | Unaudited               |   |    | Unaudited               |   |   | Unaudited               |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |
| Cash      flows from operating activities                                                                                                            |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |
| Net      (loss)                                                                                                                                      |   | $                       | (134,636 | )      |                    | $      | (17,250 | )                       |   | $      | (193,973                | )      |   | $ | (51,897 | ) |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Adjustments      to reconcile net (loss) to net                                                                                                      |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| cash      used in operating activities:                                                                                                              |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Increase      (decrease) in accounts payable                                                                                                         |   |                    | (175,951 | )      |                    |   | (43,857 | )                       |   |   | (175,951                | )      |   |   | - |   |
| Other                                                                                                                                                |   |                    | 227,834  |   |                    |   | 471,175 |                    |   |   | 235,084                 |   |   |   | - |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Net      cash (used in) operating activities                                                                                                         |   |                    | (82,753  | )      |                    |   | 410,068 |                    |   |   | (134,840                | )      |   |   | (51,897 | ) |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Cash      flows from financing activities                                                                                                            |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Proceeds      form loans payable                                                                                                                     |   |                    | -        |   |                    |   | (48,557 | )                       |   |   | -                       |   |   |   | 51,952 |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Net      cash provided by financing activities                                                                                                       |   |                    | -        |   |                    |   | (48,557 | )                       |   |   | -                       |   |   |   | 51,952 |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Net      increase in cash and cash equivalents                                                                                                       |   |                    | (82,753  | )      |                    |   | 361,511 |                    |   |   | (134,840                | )      |   |   | 55 |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Cash      - beginning of period                                                                                                                      |   |                    | 211      |   |                    |   | 12,435  |                    |   |   | 211                     |   |   |   | - |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Cash      - end of period                                                                                                                            |   | $                       | (82,542  | )      |                    | $      | 373,946 |                    |   | $      | (134,629                | )      |   | $ | 55 |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Supplemental      disclosure of cash flow information:                                                                                               |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| Taxes      paid                                                                                                                                      |   |                    | -        |   |                    |   | -       |                    |   |   | -                       |   |   |   | - |   |
| Interest      paid                                                                                                                                   |   | $                       | -        |   |                    | $      | -       |                    |   | $      | -                       |   |   | $ | - |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
|  (1)      -as reported on the 10-QSB, as filed                                                                                                  |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |
| The      financial information presented herein has been prepared by management      without      audit by independent certified public accountants. |   |                    |     |   |                    |   |    |                    |   |
|                                                                                                                                                 |   |                    |     |   |                    |   |    |                    |   |   |                    |   |   |   |   |   |

----

| MOD      HOSPITALITY, INC.F/K/A/      PSPP HOLDINGS, INC. NOTES      TO CONSOLIDATED FINANCIAL STATEMENTSFOR      THE NINE  MONTHS ENDED SEPTEMBER 30, 2008 AND 2007(UNAUDITED) |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| MOD      HOSPITALITY, INC.F/K/A/      PSPP HOLDINGS, INC.NOTES      TO CONSOLIDATED FINANCIAL STATEMENTSFOR      THE NINE  MONTHS ENDED SEPTEMBER 30, 2008 AND 2007(UNAUDITED) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| MOD HOSPITALITY, INC.F/K/A/      PSPP HOLDINGS, INC.NOTES      TO CONSOLIDATED FINANCIAL STATEMENTSFOR      THE NINE  MONTHS ENDED SEPTEMBER 30, 2008 AND 2007(UNAUDITED) |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| MOD      HOSPITALITY, INC.F/K/A/      PSPP HOLDINGS, INC.NOTES      TO CONSOLIDATED FINANCIAL STATEMENTSFOR      THE NINE  MONTHS ENDED SEPTEMBER 30, 2008 AND 2007(UNAUDITED) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Statutory      federal income tax rate     | -34%   |
|--------------------------------------------|--------|
| State      taxes - net of federal benefits | -5%    |
| Valuation      allowance                   | 39%    |
|                                       |   |
| Income      tax rate – net           | 0%     |

----

----

ITEM 4. CONTROLS AND PROCEDURES

----

----

PART II – OTHERINFORMATION

| ITEM      6. | EXHIBITS.                                                                                                |
|--------------|----------------------------------------------------------------------------------------------------------|
|         |                                                                                                     |
| No      :    | Description:                                                                                             |
|         |                                                                                                     |
| 31.1         | Certification      of Chief Executive Officer pursuant to Section 302 of Sarbanes Oxley Act      of 2002 |
|         |                                                                                                     |
| 31.2         | Certification      of Chief Financial Officer pursuant to Section 302 of Sarbanes Oxley Act      of 2002 |
|         |                                                                                                     |
| 32.1         | Certification      of Chief Executive Officer pursuant to Section 906 of Sarbanes Oxley Act      of 2002 |
|         |                                                                                                     |
| 32.2         | Certification      of Chief Financial Officer pursuant to Section 906 of Sarbanes Oxley Act      of 2002 |

----

SIGNATURES

| Dated:      November 17, 2008 | By:    | /s/ FREDERIC S.      RICHARDSON                                                                   |
|-------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |   | Frederic      S. Richardson                                                                                                                                                                                                                                                 |
|                          |   | Chief      Executive Officer (Principal Executive Officer)                                                                                                                                                                                                                  |
|                          |   |                                                                                                                                                                                                                                                                        |
|                          |   |                                                                                                                                                                                                                                                                        |
| Dated:      November 17, 2008 | By:    | /s/ SARAH JACKSON,      CPA                                         |
|                          |   | Sarah      Jackson, CPA                                                                                                                                                                                                                                                     |
|                          |   | Chief      Financial Officer (Principal ExecutiveOfficer)                                                                                                                                                                                                                   |