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| 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 |
|-----|----------------------------------------------------------------------------------------------------|

| PSPP      HOLDINGS, 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) |

| 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]    |

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|                                                                                                | Page   |
|-----------------------------------------------------------------------------------------------------|--------|
|                                                                                                |   |
| PART      I - FINANCIAL INFORMATION                                                                 |   |
|                                                                                                |   |
| Item      1.    Financial Statements                                            | F-1    |
|                                                                                                |   |
| Item      2.    Management's Discussion and Analysis or Plan of      Operation  | 2      |
|                                                                                                |   |
| Item      3.    Quantitative and Qualitive Disclosures About      Market Risk   | 3      |
|                                                                                                |   |
| Item      4.    Controls and Procedures                                         | 4      |
|                                                                                                |   |
| PART      II - OTHER INFORMATION                                                                    |   |
|                                                                                                |   |
| Item      1.    Legal Proceedings                                               | 4      |
|                                                                                                |   |
| 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 Informatio                                                | 5      |
|                                                                                                |   |
| Item      6.    Exhibits                                                        | 5      |
|                                                                                                |   |
|                                                                                                |   |
| SIGNATURES                                                                                          | 6      |

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| PSPP HOLDINGS,      INC.                                                                                                                            |      |      |       |   |       |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------|-----------|------------|--------|------------|--------|
| BALANCE      SHEETS                                                                                                                                 |      |      |       |   |       |   |
|                                                                                                                                                |      |      |       |   |       |   |
|                                                                                                                                                |      | 6/30/2008 |       |   | 12/31/2007 |   |
|                                                                                                                                                |      | Unaudited |       |   | Audited    |   |
| ASSETS                                                                                                                                              |      |      |       |   |       |   |
| Current      assets                                                                                                                                 |      |      |       |   |       |   |
| Cash                                                                                                                                                |      | $         | 7          |   |       | $      | 211 |   |
| Total      current assets                                                                                                                           |      |      | 7          |   |       |   | 211 |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| Other      assets                                                                                                                                   |      |      |       |   |       |   |   |   |
| Investments                                                                                                                                         | (1)  |      | 58,000     |   |       |   | 313,000 |   |
| Total      other assets                                                                                                                             |      |      | 58,000     |   |       |   | 313,000 |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| Total      assets                                                                                                                                   |      | $         | 58,007     |   |       | $      | 313,211 |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| LIABILITIES AND      STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                 |      |      |       |   |       |   |   |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| Current      liabilities                                                                                                                            |      |      |       |   |       |   |   |   |
| Accounts      payable and accrued expenses                                                                                                          |      | $         | -          |   |       | $      | 175,951 |   |
| Loans      payable                                                                                                                                  |      |      | 294,561    |   |       |   | 468,840 |   |
| Total      current liabilities                                                                                                                      |      |      | 294,561    |   |       |   | 644,791 |   |
| Long-term      liabilities                                                                                                                          |      |      | -          |   |       |   | - |   |
| Total      liabilities                                                                                                                              |      |      | 294,561    |   |       |   | 644,791 |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| Commitment      and contingencies                                                                                                                   |      |      | -          |   |       |   | - |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| Stockholders' equity      (deficit)                                                                                                                 |      |      |       |   |       |   |   |   |
| 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;      679,971 and 64,499,364                                                                                                             |      |      |       |   |       |   |   |   |
| shares      issued and outstanding, respectively                                                                                                    |      |      | 680        |   |       |   | 64,499 |   |
| Additional      paid-in capital                                                                                                                     |      |      | 5,106,920  |   |       |   | 4,948,968 |   |
| Accumulated      deficit                                                                                                                            |      |      | (5,704,384 | )      |       |   | (5,645,047 | ) |
| Total      stockholders' equity (deficit)                                                                                                           |      |      | (586,784   | )      |       |   | (331,580 | ) |
| Total      liabilities and stockholders' equity (deficit)                                                                                           |      | $         | 58,007     |   |       | $      | 313,211 |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| (1)      Reclassified from the equity section as reported on the Form 10-KSB as of      December 31, 2007                                           |      |      |       |   |       |
|                                                                                                                                                |      |      |       |   |       |
| The      financial information presented herein has been prepared by management      without      audit by independent certified public accountants |      |      |       |   |       |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
|                                                                                                                                                |      |      |       |   |       |   |   |   |
| See      accompanying notes                                                                                                                         |      |      |       |   |       |   |   |   |

----

| PSPP      HOLDINGS, INC.                                                                                                                            |   |               |     |   |               |   |     |               |   |   |               |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------------------|--------|----------|--------------------|--------|--------|--------------------|--------|
| STATEMENTS      OF OPERATIONS                                                                                                                       |   |               |     |   |               |   |     |               |   |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |
|                                                                                                                                                |   | For      the three |     |   | For      the three |   |     | For      the six   |   |   | For      the six   |   |
|                                                                                                                                                |   | months      ended  |     |   | months      ended  |   |     | months      ended  |   |   | months      ended  |   |
|                                                                                                                                                |   | June      30, 2008 |     |   | June      30, 2007 |   |     | June      30, 2008 |   |   | June      30, 2007 |   |
|                                                                                                                                                |   | Unaudited          |     |   | Unaudited          |   |     | Unaudited          |   |   | Unaudited          |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Net      sales                                                                                                                                      |   | $                  | -        |   |               | $      | (5,115   | )                  |   | $      | -                  |   |   | $ | 82,275 |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Cost      of sales                                                                                                                                  |   |               | -        |   |               |   | -        |               |   |   | -                  |   |   |   | 5,000 |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Gross      profit                                                                                                                                   |   |               | -        |   |               |   | (5,115   | )                  |   |   | -                  |   |   |   | 77,275 |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Selling,      general and administrative expenses                                                                                                   |   |               | 204      |   |               |   | 253,538  |               |   |   | 204                |   |   |   | 647,078 |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Loss      from operations                                                                                                                           |   |               | (204     | )      |               |   | (258,653 | )                  |   |   | (204               | )      |   |   | (569,803 | ) |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Other      income (expense)                                                                                                                         |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Forgiveness      of debt income                                                                                                                     |   |               | 255,189  |   |               |   | -        |               |   |   | 255,189            |   |   |   | - |   |
| Write-off      of investments                                                                                                                       |   |               | (300,000 | )      |               |   | -        |               |   |   | (300,000           | )      |   |   | - |   |
| Interest      expense and financing costs                                                                                                           |   |               | (7,072   | )      |               |   | (27,605  | )                  |   |   | (14,322            | )      |   |   | (25,105 | ) |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Total      other income (expense)                                                                                                                   |   |               | (51,883  | )      |               |   | (27,605  | )                  |   |   | (59,133            | )      |   |   | (25,105 | ) |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Net      income (loss)                                                                                                                              |   | $                  | (52,087  | )      |               | $      | (286,258 | )                  |   | $      | (59,337            | )      |   | $ | (594,908 | ) |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Weighted      average number of                                                                                                                     |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| common      shares outstanding                                                                                                                      |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| (basic      and fully diluted)                                                                                                                      |   |               | 644,499  |   |               |   | 574,994  |               |   |   | 671,750            |   |   |   | 574,994 |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Basic      and diluted (loss) per common share                                                                                                      |   | $                  | (0.08    | )      |               | $      | (0.50    | )                  |   | $      | (0.08              | )      |   | $ | (1.03 | ) |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| The      weighted average number of common shares outstanding were adjusted for the      stock-spilt in February 2008.                              |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| The      financial information presented herein has been prepared by management      without      audit by independent certified public accountants |   |               |     |   |               |   |     |               |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |
|                                                                                                                                                |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| See      accompanying notes                                                                                                                         |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |

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| PSPP      HOLDINGS, INC.                                                                                                                             |   |               |     |   |               |   |     |               |   |   |               |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|--------------------|--------|----------|--------------------|--------|--------|--------------------|--------|
| STATEMENTS      OF CASH FLOWS                                                                                                                        |   |               |     |   |               |   |     |               |   |   |               |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |
|                                                                                                                                                 |   |               |     |   |  (1)          |   |     |               |   |   |  (1)          |   |
|                                                                                                                                                 |   | For      the three |     |   | For      the three |   |     | For      the six   |   |   | For      the six   |   |
|                                                                                                                                                 |   | months      ended  |     |   | months      ended  |   |     | months      ended  |   |   | months      ended  |   |
|                                                                                                                                                 |   | June      30, 2008 |     |   | June      30, 2007 |   |     | June      30, 2008 |   |   | June      30, 2007 |   |
|                                                                                                                                                 |   | Unaudited          |     |   | Unaudited          |   |     | Unaudited          |   |   | Unaudited          |   |
| Cash      flows from operating activities                                                                                                            |   |               |     |   |               |   |     |               |   |   |               |   |   |   |
| Net      (loss)                                                                                                                                      |   | $                  | (52,087  | )      |               | $      | (286,258 | )                  |   | $      | (59,337            | )      |   | $ | 82,275 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Adjustments      to reconcile net (loss) to net                                                                                                      |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| cash      used in operating activities:                                                                                                              |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| (Increase)      decrease in loans                                                                                                                    |   |               | -        |   |               |   | (53,452  | )                  |   |   | -                  |   |   |   | (53,452 | ) |
| Increase      (decrease) in accounts payable                                                                                                         |   |               | (175,951 | )      |               |   | (43,857  | )                  |   |   | (175,951           | )      |   |   | (43,857 | ) |
| Other                                                                                                                                                |   |               | 227,834  |   |               |   | 471,175  |               |   |   | 235,084            |   |   |   | 102,642 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Net      cash (used in) operating activities                                                                                                         |   |               | (204     | )      |               |   | 87,608   |               |   |   | (204               | )      |   |   | 87,608 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Cash      flows from financing activities                                                                                                            |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Settlement:      legal                                                                                                                               |   |               | -        |   |               |   | 4,895    |               |   |   | -                  |   |   |   | 4,895 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Net      cash provided by financing activities                                                                                                       |   |               | -        |   |               |   | 4,895    |               |   |   | -                  |   |   |   | 4,895 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Net      increase in cash and cash equivalents                                                                                                       |   |               | (204     | )      |               |   | 92,503   |               |   |   | (204               | )      |   |   | 92,503 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Cash      - beginning of period                                                                                                                      |   |               | 211      |   |               |   | 12,435   |               |   |   | 211                |   |   |   | 12,435 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| Cash      - end of period                                                                                                                            |   | $                  | 7        |   |               | $      | 104,938  |               |   | $      | 7                  |   |   | $ | 104,938 |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| 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. |   |               |     |   |               |   |     |               |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |
|                                                                                                                                                 |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |
| See      accompanying notes                                                                                                                          |   |               |     |   |               |   |     |               |   |   |               |   |   |   |   |   |

----

| PSPP      HOLDINGS, INC.NOTES      TO CONSOLIDATED FINANCIAL STATEMENTSFOR      THE SIX MONTHS ENDED JUNE 30, 2008 AND 2007(UNAUDITED) |
|----------------------------------------------------------------------------------------------------------------------------------------|

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----

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

----

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| 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 |

----

| Dated:      August 14, 2008 | By:    | /s/      FREDERIC S.      RICHARDSON                                                                   |
|-----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |   | Frederic      S. Richardson                                                                                                                                                                                                                                                      |
|                        |   | Chief      Executive Officer (Principal Executive Officer)                                                                                                                                                                                                                       |
|                        |   |                                                                                                                                                                                                                                                                             |
|                        |   |                                                                                                                                                                                                                                                                             |
| Dated:      August 14, 2008 | By:    | /s/      SARAH JACKSON,      CPA                                         |
|                        |   | Sarah      Jackson, CPA                                                                                                                                                                                                                                                          |
|                        |   | Chief      Financial Officer (Principal ExecutiveOfficer)                                                                                                                                                                                                                        |

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