---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, 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 December 31, 2010

[   ]TRANSITION REPORT UNDER SECTION 13 OR
15(d) OF THE EXCHANGE ACT

For the transition period from _______ to _______

Commission File Number 0-52396

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

|Nevada                                                               | 20-2889663                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)

1015 W. Newport Center Drive, Suite 105 Deerfield Beach,
FL 33442(Address of principal executive offices)

(954)573-1709Registrant's telephone number

___________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)

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

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T during the preceding 12 months (of for such shorter period that the
registrant was required to submit and post such files). Yes
[X]     No [   ]

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. Large accelerated filer [ 
 ]        Accelerated filer [ 
 ]        Non-accelerated filer
[   ]        Small 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]

As of December 31, 2010, there were 59,072,210 shares of the
registrant's common stock outstanding.

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GREEN EQUITY HOLDINGS, INC. INDEX

|PART
      I FINANCIAL INFORMATION                                                                                         |    
|-------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                           |    
|Item
      1. Condensed Financial Statements                                                                               | F-1
|                                                                                                                           |    
|Condensed
      Balance Sheets at December 31, 2010 (unaudited) and March 31, 2010                                         | F-1
|                                                                                                                           |    
|Unaudited
      Condensed Statements of Operations for the nine months ended December 31,
      2010 and December 31, 2009 | F-2
|                                                                                                                           |    
|Unaudited
      Condensed Statements of Cash Flows for the nine months ended December 31,
      2010 and December 31, 2009 | F-3
|                                                                                                                           |    
|Unaudited
      Notes to Condensed Financial Statements                                                                    | F-4
|                                                                                                                           |    
|Item
      2. Management's Discussion and Analysis of Financial Condition and Results
      of Operations                  | 3  
|                                                                                                                           |    
|Item
      3. Controls and Procedures                                                                                      | 5  
|                                                                                                                           |    
|PART
      II OTHER INFORMATION                                                                                            |    
|                                                                                                                           |    
|Item
      1. Risk Factors                                                                                                 | 6  
|                                                                                                                           |    
|Item
      2. Other Information                                                                                            | 6  
|                                                                                                                           |    
|Item
      3. Exhibits                                                                                                     | 6  

2

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GREEN EQUITY HOLDINGS, INC. CONDENSED BALANCE SHEETS

|                                                                                                                                                                                                           |   | December 31, |   |   | March 31,  |  
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | ------------ | - | - | ---------- | -
|                                                                                                                                                                                                           |   | 2010         |   |   | 2010       |  
|                                                                                                                                                                                                           |   | (Unaudited)  |   |   | (Audited)  |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|CURRENT ASSETS                                                                                                                                                                                             |   |              |   |   |            |  
|Cash and Cash Equivalents                                                                                                                                                                                  | $ | 2,256        |   | $ | -          |  
|Accounts receivable                                                                                                                                                                                        |   | -            |   |   | -          |  
|Notes receivable-related
      party                                                                                                                                                                       |   | -            |   |   | 1,245      |  
|Prepaid expenses                                                                                                                                                                                           |   | -            |   |   | 5,000      |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|TOTAL CURRENT ASSETS                                                                                                                                                                                       |   | 2,256        |   |   | 6,245      |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|Property & Equipment,                                                                                                                                                                                      |   | 84,738       |   |   | 90,860     |  
|Property & Equipment,
      net                                                                                                                                                                            |   | 84,738       |   |   | 90,860     |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|Other Assets                                                                                                                                                                                               |   | 24,250       |   |   |            |  
|TOTAL ASSETS                                                                                                                                                                                               | $ | 111,244      |   | $ | 97,105     |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|CURRENT LIABILITIES                                                                                                                                                                                        |   |              |   |   |            |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|Accounts payable and accrued interest                                                                                                                                                                      | $ | 455,753      |   | $ | 683,696    |  
|Notes payable - related party                                                                                                                                                                              |   | 389,861      |   |   | 391,106    |  
|Notes Payable  Other                                                                                                                                                                                      |   | 434,660      |   |   | 210,941    |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|TOTAL LIABILITIES                                                                                                                                                                                          |   | 1,280,274    |   |   | 1,285,743  |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|Commitments and Contingencies                                                                                                                                                                              |   |              |   |   |            |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                                                             |   |              |   |   |            |  
|                                                                                                                                                                                                           |   |              |   |   |            |  
|Preferred stock, $0.0001 par value;
      50,000,000 shares    authorized; none are issued and
      outstanding.                                                                                          |   | -            |   |   | -          |  
|Common stock, $0.0001 par
      value, 500,000,000 shares    authorized; 59,072,210 and
      27,483,210 shares issued    and outstanding at December 31,
      2010; and March 31,    2010, respectively. |   | 56,733       |   |   | 27,483     |  
|Additional paid-in capital                                                                                                                                                                                 |   | 8,634,990    |   |   | 8,334,664  |  
|Accumulated deficit                                                                                                                                                                                        |   | (9,860,753   | ) |   | (9,550,785 | )
|                                                                                                                                                                                                           |   |              |   |   |            |  
|TOTAL STOCKHOLDERS' EQUITY
      (DEFICIT)                                                                                                                                                                 |   | (1,169,030   | ) |   | (1,188,638 | )
|                                                                                                                                                                                                           |   |              |   |   |            |  
|TOTAL LIABILITIES AND
      STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                                 | $ | 111,244      |   | $ | 97,105     |  

F-1

See accompanying notes to the condensed unaudited financial
statements

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GREEN EQUITY HOLDINGS, INC.CONDENSED STATEMENTS
OF OPERATIONS(UNAUDITED)

|                                                                |   | For The
      Three |   |   | For The
      Three |   |   | For The
      Nine |   |   | For The
      Nine |  
|--------------------------------------------------------------- | - | ------------------- | - | - | ------------------- | - | - | ------------------ | - | - | ------------------ | -
|                                                                |   | Months Ended        |   |   | Months Ended        |   |   | Months Ended       |   |   | Months Ended       |  
|                                                                |   | December 31,        |   |   | December 31,        |   |   | December 31,       |   |   | December 31,       |  
|                                                                |   | 2010                |   |   | 2009                |   |   | 2010               |   |   | 2009               |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|REVENUES                                                        | $ | -                   |   | $ | -                   |   | $ | -                  |   | $ | -                  |  
|Cost of sales                                                   |   | -                   |   |   | -                   |   |   | -                  |   |   | -                  |  
|GROSS MARGIN                                                    |   | -                   |   |   | -                   |   |   | -                  |   |   | -                  |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|OPERATING EXPENSES:                                             |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|Selling, general and administrative                             |   | 162,380             |   |   | 21,101              |   |   | 385,874            |   |   | 93,779             |  
|Depreciation and amortization                                   |   | 13,323              |   |   | 13,073              |   |   | 41,122             |   |   | 39,218             |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|TOTAL OPERATING EXPENSES                                        |   | 175,703             |   |   | 34,174              |   |   | 426,996            |   |   | 132,998            |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|NET LOSS FROM OPERATIONS                                        |   | (175,703            | ) |   | (34,174             | ) |   | (426,996           | ) |   | (132,998           | )
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|OTHER EXPENSE                                                   |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|Interest expense                                                |   | (5,160              | ) |   | -                   |   |   | (15,480            | ) |   | -                  |  
|Other income                                                    |   | -                   |   |   | 1,211               |   |   | 469                |   |   | 3,711              |  
|TOTAL OTHER EXPENSES                                            |   | (5,160              | ) |   | 1,211               |   |   | (15,011            | ) |   | 3,711              |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|NET LOSS                                                        | $ | (180,863            | ) | $ | (32,963             | ) | $ | (442,007           | ) | $ | (129,287           | )
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|WEIGHTED AVERAGE NUMBER OF SHARESOUTSTANIDING-BASIC AND DILUTED |   | 3,104,250           |   |   | 23,533,100          |   |   | 7,040,976          |   |   | 23,057,210         |  
|                                                                |   |                     |   |   |                     |   |   |                    |   |   |                    |  
|LOSS PER COMMON SHARES-BASIC AND DILUTED                        | $ | (0.06               | ) | $ | (0.001              | ) | $ | (0.06              | ) | $ | (0.006             | )

F-2

See accompanying notes to the condensed unaudited financial
statements.

---

GREEN EQUITY HOLDINGS, INC. CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) 
  Indirect Method

|                                                                                                 |   |   | For
      the Nine Months Ended |  
|------------------------------------------------------------------------------------------------ | - | - | ------------------------------- | -
|                                                                                                 |   |   | December 31,                    |  
|                                                                                                 |   |   | **2010**                        |  
|CASH FLOW FROM OPERATING ACTIVITIES:                                                             |   |   |                                 |  
|Net loss                                                                                         |   | $ | (442,007                        | )
|Adjustment
      to reconcile net loss to net cash used in           operating
      activities: |   |   |                                 |  
|Depreciation
      and amortization                                                              |   |   | 41,872                          |  
|Common
      shares issued for services                                                          |   |   | 342,428                         |  
|Changes in
      assets and liabilities:                                                         |   |   |                                 |  
|Increase
      in accounts receivable                                                            |   |   | -                               |  
|Decline in
      accounts payable                                                                |   |   | (11,813                         | )
|Increase
      in accrued expenses                                                               |   |   | 20,280                          |  
|Other assets                                                                                     |   |   | (25,000                         | )
|Change
      in Sales tax payable                                                                |   |   | (354                            | )
|Net Cash (Used) in Operating
      Activities                                                    |   |   | (74,594                         | )
|                                                                                                 |   |   |                                 |  
|CASH FLOW FROM INVESTING ACTIVITIES:                                                             |   |   |                                 |  
|Advance
      to purchase fixed asssets                                                          |   |   | (35,000                         | )
|Net Cash Used in Investing
      Activities                                                      |   | $ | (35,000                         | )
|                                                                                                 |   |   |                                 |  
|CASH FLOW FROM FINANCING ACTIVITIES:                                                             |   |   |                                 |  
|Bank
      overdraft                                                                             |   |   | -                               |  
|Repayments to Empire,
      LP                                                                   |   |   | (23,303                         | )
|Decrease
      is notes payable  Other                                                          |   |   | (10,000                         | )
|Increase in notes
      payable to Empire, LP                                                    |   |   | 20,000                          |  
|Proceeds
      from notes payable  OTC Capital, LLC                                             |   |   | 39,800                          |  
|                                                                                                 |   |   |                                 |  
|Proceed
      from notes payable  FCI, Corp.                                                    |   |   | 30,253                          |  
|Proceed from notes
      payable  others                                                        |   |   | -                               |  
|Proceeds
      from sale of common stock                                                         |   |   | 55,100                          |  
|Net Cash and\or shares
      (Used) in Financing Activities                                      |   | $ | 111,850                         |  
|Cash and
      cash equivalents at beginning of period                                           |   |   |                                 |  
|Change in Cash Flow                                                                              |   |   |                                 |  
|Cash and
      cash equivalents at end of period                                                 |   |   | 2,256                           |  
|                                                                                                 |   |   |                                 |  
|Supplemental Disclosure of (a) Non-Cash
      for Operations                                     |   |   |                                 |  
|(b) Investing Activities and (c) Financing Activities:                                           |   |   |                                 |  
|Notes payable to Empire in exchange to GEO
      Commnand notes                                  |   | $ | 208,500                         |  
|Value of services for 2,500,000 shares at $0.04 less n\p                                         | a | $ | 97,500                          |  
|Common stock issued upon conversion of Notes
      Payable to Empire, LP                         |   | $ | 2,500                           |  
|Common stock issued upon conversion of Notes Payable to OTC
      Capital Partners, LLC          |   | $ | 7,500                           |  
|Value of services for 1,500,000 shares at $0.04
      less n\p                                   | c | $ | 58,500                          |  
|Value of 2,000,000 shares sold at $0.0181 from n\p                                               | c | $ | 36,200                          |  
|Value of services for 100,000 $0.03 less n\p                                                     | c | $ | 2,000                           |  
|Value of services for 2,500,000 shares at $0.04 less n\p                                         | c | $ | 97,500                          |  
|Value of services for 500,000 shares at $0.03
      less n\p                                     | c | $ | 14,500                          |  

See accompanying notes to the condensed unaudited financial
statements.

F-3

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|GREEN EQUITY HOLDINGS, INC.                      
|-------------------------------------------------
|NOTES TO CONDENSED FINANCIAL STATEMENTS          
|(UNAUDITED)                                      
|For the Nine
      Months Ended December 31, 2010

NOTE 1ORGANIZATION AND DESCRIPTION OF
BUSINESS

CX2 Technologies, Inc. (the Company" or "CX2") was
incorporated on May 21, 2002 as Brook-view Institute, Inc., under the laws of
the State of Nevada. On November 16, 2005, the Company changed its name to CX2
Technologies, Inc. On December 6, 2005, the Company filed articles of correction
to change the name to CX2 Technologies, Inc. On May 10, 2006, the Company
commenced its business operations in the State of Florida. Effective August 16
th, 2010, the Company changed its name to Green Equity Holdings, Inc.
(the Name Change).

Concurrently with the Name Change, the Company changed its
focus to become a holdings company that invests primarily in high growth
businesses offering novel solutions to global energy, resources and
environmental challenges. Pursuant to the new strategy, the company entered into
a letter of intent, effective September 2010, to enter into a joint venture with
Strategic Energy Supplies Corporation (SESC) to build and operate not less
than three (3) grease trap plants within the next twelve months.

On June 30, 2010, Lester Hahn, sole director, President and CEO
of CX2 Technologies, Inc. (the Company) resigned from the positions held with
the Company including resignation as a member of the Board service. There was no
disagreement as defined in 17 CFR 240.3b -7- between the Registrant and Mr.
Hahns resignation from the Board of Directors

Effective June 30, 2010, the Company appointed Raimundo Dias as
sole Director, President and CEO to replace Mr. Hahn. Mr. Dias will serve as a
director until his successor has been elected at the next annual meeting of the
Registrant's shareholders or until his earlier resignation, removal, or death.

Effective October 8, 2010, the Company entered into a
definitive agreement with Evolution Fuels, Inc. to be a 50% member in their
fully owned bio diesel plant in Durant in Oklahoma for $125,000. According to
the letter of intent, the Company has invested $25,000 thus far with the balance
to be paid upon closing November 8, 2010. The Company also agreed to assist in
financing capital improvements to the Durant Plant totaling 1,375,000 beginning
January 2011.

Finally, effective November 3, 2010, by resolution of the
board, the Company authorized the cancellation and return to treasury 4,525,750
shares of common stock

F-4

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|GREEN EQUITY HOLDINGS, INC.                      
|-------------------------------------------------
|NOTES TO CONDENSED FINANCIAL STATEMENTS          
|(UNAUDITED)                                      
|For the Nine Months
      Ended December 31, 2010

NOTE 2INTERIM FINANCIAL STATEMENTS

The accompanying unaudited condensed financial statements of
Green Equity Holdings, Inc. (the "Company") have been prepared pursuant to the
rules and regulations of the Securities and Exchange Commission (the "SEC).
Certain information and footnote disclosures, normally included in financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America have been condensed or omitted pursuant to such
SEC rules and regulations. Nevertheless, the Company believes that the
disclosures are adequate to make the information presented not misleading. These
interim condensed financial statements should be read in conjunction with the
audited financial statements and notes thereto included in the Company's March
31, 2010 Annual Report as filed on Form 10K. In the opinion of management, all
adjustments, including normal recurring adjustments necessary to present fairly
the financial position of the Company with respect to the interim financial
statements and the results of its operations for the interim period then ended
December 31, 2010, have been included. The results of operations for interim
periods are not necessarily indicative of the results for a full year.

NOTE 3GOING CONCERN

The accompanying condensed financial statements have been
prepared assuming that the Company will continue as a going concern. The Company
had a net loss of $442,007and a negative cash flow from operations of $49,594
during the ninemonths ended December 31, 2010, along with a working capital
deficiency of $187,098 and a stockholder's deficiency of $1,69,029. These
conditions raised substantial doubt about the Company's ability to continue as a
going concern. The Company had recurring losses from its operations that began
in 2002 and the annual revenues were not sufficient enough to cover the
Company's incurred expenses and its obligations as they became due.

NOTE 4RE-ORGANIZATION COSTS

The Company re-allocated prepaid expenses in the amount of
$5,000 to Re-Organization Costs that were attributable to the
acquisition. These reorganization costs are being amortized over a 60 month
period. Amortization expense for the nine and three months ended December 31,
2010 was $750 and $250, respectively.

F-5

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|GREEN EQUITY HOLDINGS, INC.                      
|-------------------------------------------------
|NOTES TO CONDENSED FINANCIAL STATEMENTS          
|(UNAUDITED)                                      
|For the Nine Months
      Ended December 31, 2010

NOTE 4SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

The following summarizes significant accounting policies to
assist the reader in understanding and evaluating the condensed financial
statements. These policies are in conformity with accounting principles
generally accepted in the United States of America and have been applied
consistently in all material respects.

Basis of Accounting

The condensed financial statements are prepared using the
accrual basis of accounting where revenues and expenses are recognized in the
period in which they were incurred.

Revenue Recognition

The Company followed the provisions of Topic ASC 605 Revenue
Recognition in Financial Statements, formerly Staff Accounting Bulletin (SAB)
No. 104 Revenue Recognition. Revenue from users of network services were
recognized at the time the services were provided. For example, revenue from the
sale of radios and other related equipment were recognized at the date of
delivery to the customer and when collection was reasonably assured. Revenues
from consulting services were recognized at the time services were provided.

Estimates

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

Fair Value of Financial Instruments

ASC topic 825, Disclosures about Fair Value of Financial
Instruments, requires disclosures of information regarding the fair value of
certain financial instruments for which it is practicable to estimate the value.
For purpose of this disclosure, the fair value of a financial instrument is the
amount at which the instrument could be exchanged in a current transaction
between willing parties, other than in a forced sale or liquidation. The
carrying values of the Company's financial instruments which consist of accounts
receivable, notes receivable, accounts payable, and notes payable approximate
fair values due to the short-term maturities of such instruments.

Net Loss Per Share

The Company computed basic and diluted loss per share amounts
for December 31, 2010 pursuant to the ASC topic 260, Earnings per Share. Basic
EPS is calculated as net income or loss attributable to common stockholders
divided by the weighted average number of common shares outstanding during the
period. Diluted EPS is calculated using the "if converted" method for common
stock equivalents. As of December 31, 2010 there were no common stock
equivalents outstanding.

Recent Accounting Pronouncements

Recent accounting pronouncements that the Company has adopted
or that will be required to adopt in the future are summarized below.

F-6

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|GREEN EQUITY HOLDINGS, INC.                      
|-------------------------------------------------
|NOTES TO CONDENSED FINANCIAL STATEMENTS          
|(UNAUDITED)                                      
|For the Nine Months
      Ended December 31, 2010

NOTE 5NOTES PAYABLE

Debt due as of December 31, 2010 consists of the following:

|Unsecured notes payable to Biz.com are
      interest bearing and have no payment terms.      |  | 389,861 | 
|--------------------------------------------------------------------------------------------- |  | ------- | 
|Unsecured notes payable to Empire, LP are non-interest
      bearing and due on demand.       |  | 303,280 | 
|Unsecured notes payable to Michael Rand are
      interest bearing and have no payment terms. |  | 32,189  | 
|Unsecured notes payable to OTC Capital LLC are non-interest
      bearing and due on demand.  |  | 66,394  | 
|Unsecured notes payable to FCI Corp. are
      non-interest bearing and due on demand.        |  | 32,798  | 
|                                                                                              |  |         | 
|Sub-total of long term notes payable                                                          |  | 824,522 | 
|Less: Current portion of long term notes payable                                              |  | 824,522 | 
|Total                                                                                         |  | -       | 

NOTE 6STOCKHOLDERS' EQUITY

Common Stock

As of July 1, 2010, the Company has increased its authorization
to issue common stock in the amount of 500,000,000 shares; having a par value of
$.0001 per share. There were 59,072,210and 27,483,210 shares issued and
outstanding as of December 31, 2010, and March 31, 2010, respectively.

Preferred Stock

As of July 1, 2010, the Company has increased its authorization
to issue preferred shares Series A and B in the amount 50,000,000 shares; having
a par value $0.0001. None are issued and outstanding.

Private Placement of Common Stock

As of December 31, 2010, there were no private placements for
common stocks being offered through private placement memorandums.

F-7

---

|GREEN EQUITY HOLDINGS, INC.                      
|-------------------------------------------------
|NOTES TO CONDENSED FINANCIAL STATEMENTS          
|(UNAUDITED)                                      
|For the Nine Months
      Ended December 31, 2010

NOTE 7COMMITMENTS AND CONTINGENCIES

Operating Lease Obligations

In November of 2010, the Company entered into a 60-month
operating lease for 8,400 square feet of warehouse and office space located at
3305 Anvil Place in Raleigh, NC beginning November 1, 2010 and ending November
30, 2015 for rent in the amount of $4,800 per month, exclusive of recurring
utility expenses.

NOTE 8RELATED PARTY TRANSACTIONS

Until released legally, the previous Company known as CX2
Technologies, Inc. was party to a number of agreements with Biz-com USA, Inc.
("Biz-com") a former major stockholder of the Company. The previous Company had
non-exclusive access to 500 million minutes of airtime in the 220 MHz frequency
band as a result of its Airtime Agreement with Biz-com which was entered into in
March 2006. In addition, the Company had another non-exclusive license agreement
(known as the License Agreement) with Biz-com which provided for rights to
use certain wireless digital data intellectual property, including rights to
further develop the existing technology and/or new technology of which new would
be owned by the Company. The Company also had certain ancillary obligations to
Biz-com including lease hold payments on behalf of Biz-com so long as the
License Agreement was in full force and effect. In 2008, Biz-com ceased
operations and lost ownership of its FCC licenses thereby breaching its
obligations under the License Agreement. Accordingly, the new Company believes
that all agreements with and obligations to Biz-com related to the License are
null and void and that the Company is released from any obligation to Biz-com
and/or having any successor-in-interest in any of our new developments.

F-8



---

ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following is a general discussion and analysis of our
financial condition and results of operations for the six month ended December
31, 2010 that could have a significant effect on reporting financial statements
in the future.

Caution Regarding Forward-Looking
Information

All statements contained in this Form 10-Q, other than
statements of historical facts, that address future activities, events or
developments are forward-looking statements, including, but not limited to,
statements containing the words "believe," "expect," "anticipate," "intends,"
"estimate," "forecast," "project," and similar expressions. All statements other
than statements of historical fact are statements that could be deemed
forward-looking statements, including any statements of the plans, strategies
and objectives of management for future operations; any statements concerning
proposed new developments; any statements regarding future economic conditions
or performance; any statements of belief; and any statements of assumptions
underlying any of the foregoing. These statements are based on certain
assumptions and analyses made by us in light of our experience and our
assessment of historical trends, current conditions and expected future
developments as well as other factors we believe are appropriate under the
circumstances. However, whether actual results will conform to the expectations
and predictions of management is subject to a number of risks and uncertainties
described under "Risk Factors" in Item 1A of Part II below and in the "Risk
Factors" section of our Form 10-K for the fiscal year ended March 31, 2010 that
may cause actual results to differ materially.

Consequently, all of the forward-looking statements made in
this Form 10-Q are qualified by these cautionary statements and there can be no
assurance that the actual results anticipated by management will be realized or,
even if substantially realized, that they will have the expected consequences to
or effects on our business operations. Readers are cautioned not to place undue
reliance on such forward-looking statements as they speak only of the Company's
views as of the date the statement was made. The Company undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

Overview

Effective August 16 th, 2010, the Company changed
its name to Green Equity Holdings, Inc. (the Name Change). Concurrently with
the Name Change, the Company changed its focus to become a holdings company that
invests primarily in high growth businesses offering novel solutions to global
energy, natural resources, and environmental challenges. Pursuant to the new
strategy, the company entered into a letter of intent, effective September 2010,
to enter into a joint venture with Strategic Energy Supplies Corporation
(SESC) to build and operate not less than three (3) grease trap plants within
the next twelve months. The Company is also actively seeking other potential
partners or acquisition candidates in the alternative energy business.

Previously, the Company was engaged in the development and sale
of its CX2 branded 220 MHz digital wireless data communications technology and
related services for use by various commercial and industrial application
providers and the Homeland Security and Public Safety sector.

However, due to technological advancements and price
competition from cellular telephone and wireless communication services made
demand for the lower frequency band transmitter virtually obsolete. Therefore,
the Companys management agreed to discontinue manufacturing and marketing the
220 MHz public-safety, emergency, and disaster relief devices.

Effective June 28, 2010, the intellectual property CX2
technology, Inc. which had the rights to resell licensed airtime supplied by EPS
Wireless Services transmitted from the Sears Tower in Chicago, IL, were claimed
by Stillwater Funding which caused an action to be filed for a writ for
garnishmentof wages against Biz-Com and the Company. A default judgment
with respect thereto was entered against Biz-Com and the Company. The Company is
currently negotiating with Still Funding with respect to its claim against
assets of Biz-Com, including 5,000,000 shares of the Company which was supposed
to have been issued to Biz-Com in connection with the referenced transaction.

Effective September 21, 2010, the Company entered into a
debt-conversion agreement with Empire LP, an accredited investment firm. The
Company and Empire LP negotiated the assignment of GEO Commands accounts
payable balance in the amount of $208,500; and notes payable balance in the
amount of $104,685 for value to Empire LP in lieu of an undisclosed amount in
consideration for a consulting fee paid to GEO Command in the amount of $20,935.
There has been no paid-in-capital, nor gain or loss recognized by the Company in
association with the assignment.

Effective September 21, 2010, the Company entered into a
debt-conversion agreement with OTC Capital Partners, LLC an accredited
investment firm. The Company and OTC Capital Partners, LLC negotiated the
assignment and discount of Michael Rands notes payable balance in the amount of
$92,261 for value to OTC Capital Partners, LLC. OTC Capital Partners, LLC agreed
to purchase in three tranches:

3

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On June 15, 2010 debt in the amount of $26,334 converted into
9,100,000 shares issued between September 13 and October 19, 2010; on August 15,
2010 debt in the amount of $31,333; and on October 15, 2010 debt in the amount
of $31,333 will also be converted into an undisclosed amount of Company
shares.

Effective September 22, 2010, the Company secured a temporary
injunction to prevent the trading of 1,565,000 additional shares of its common
stock issued in order to satisfy notes payable owed to a related party. This
discrepancy was uncovered during our March 31, 2010 annual audit prior to
finalizing the purchase agreement for said notes by a third party.

We currently have a working capital shortage and must continue
to seek and secure significant capital from outside funding sources as our cash
flow from operations is insufficient to sustain operations. No assurances can be
given that we will be successful in obtaining such needed capital. Our inability
to promptly secure needed capital will materially adversely affect the Company
and its operations, as we believe our current cash position and anticipated
receipt of revenues will enable us to sustain current operations for up to
approximately one month from the date of this filing.

Results of Operations

Nine months ended December 31, 2010 compared to the nine
months ended December 31, 2009

Revenues: Revenues from operations for the nine
months ended December 31, 2010 of $469 reflected a decrease of $3,242 from the
nine months ended December 31, 2009 revenues of $3,711, as the Company
discontinued selling equipment and providing consulting services primarily for
base stations. We had minimal revenues in both quarters as we had largely ceased
marketing of our products and services.

Operating Expenses:Operating expenses reflected
an increase of $309,009 when comparing $442,007 for the nine months ended
December 31, 2010, with $132,998 for the nine months ended December 31, 2009, as
a result of an increase in costs for corporate legal work and accelerated
depreciation.

Net Loss:The Company's net loss was
approximately $442,007 for the nine months ended December 31, 2010, as compared
to a net loss of approximately $129,287 for the nine months ended December 31,
2009.

Liquidity and Capital Resources

Our condensed financial statements appearing elsewhere in this
report have been prepared on a going concern basis that contemplates the
realization of assets and the settlement of liabilities and commitments in the
normal course of business. Management realizes that we must generate capital and
revenue resources to enable us to achieve profitable operations. To the extent
that we are unable to obtain additional working capital from operations and/ or
other sources as required or otherwise desired, our condensed financial
statements will be materially affected and we may be forced to curtail our
operations.

We were in a working capital shortage at the fiscal year end of
March 31, 2010 and at December 31, 2010, and cash flow from operations is
insufficient to sustain our operations as of the date of this filing. As of the
date of this filing, the Company still requires additional financing to sustain
operations until new sources of financing are invested and revenues are earned.
No assurances are given that we will be successful in obtaining the additional
capital needed. Our inability to secure such additional financing will
materially and adversely affect the Company and its operations. We believe our
current cash position after funding and anticipated receipt of revenues will
enable us to sustain current operations for up to approximately another three
month quarter.

At December 31, 2010, we had stockholders' deficit of
$1,169,030 total assets of $111,244 and total current liabilities of $1,280,274
For the nine months ended December 31, 2010, we have recognized net loss of
$472,506 and for the nine months ended December 31, 2010 we used cash for
operations in the amount of $49,594. Our operations and acquisitions have been
funded by accredited investors and by loans from our management. These funds
have been used for current working capital covering costs for general and
administrative expenses, and corporate legal fees.

In the event we are unable to raise additional sufficient
capital within the near future, such event will significantly restrict and
possibly cause us to cease our operations and new objectives which could have a
substantially adverse effect on the Company and its shareholders.

Critical Accounting Policies and Estimates

Note 4 of the Notes to the Condensed financial statements,
includes a summary of the significant accounting policies and methods used in
the preparation of our Condensed financial statements. We considered the
following accounting policies and methods most relevant to our financial
position and results of operations either because of the significance of the
financial statement item or because they require the exercise of significant
judgment or the use of estimates. In addition, Financial Reporting Release No.
61 requires all companies to include a discussion to address, among other
things, liquidity, off-balance sheet arrangements, contractual obligations and
commercial commitments.

4

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ITEM 3 CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

The management maintains disclosure of controls and procedures
to our investors that are required to be in accordance with the disclosure rules
promulgated by the Securities and Exchange Act of 1934. Such rules that govern
the process of recording and reporting any such information considered news
about our company controls and procedures having an impact to our investors have
been made in the past and intend to be disclosed by management in a timely
manner so our investors can make informed decisions regarding their investment
in our company.

As of December 31, 2010, there have been no changes in our
controls and procedures; internal efficiencies; supervision including our chief
executive and principal financial officer requiring disclosure.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company's internal controls
and policies regarding the financial statement reporting process since the
Company's last quarterly report to this quarterly report that would inhibit a
reasonable persons ability to make an informed decision about investing into
the shares of the Company.

Limitations on the Effectiveness of Controls

A control system, no matter how well conceived and operated can
only provide reasonable assurance that the objectives of the control system are
met. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within a company have been detected. The Company's disclosure
controls and procedures are designed to provide reasonable assurance of
achieving these objectives. The Company's chief executive officer and principal
financial officer concluded that the Company's disclosure controls and
procedures are effective at that reasonable level of assurance.

5

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PART II OTHER INFORMATION

ITEM 1- Risk Factors.

There have been no material changes to the risk factors
discussed in Item 1A of our Annual Report on Form 10-K for the fiscal year ended
March 31, 2010.

ITEM 2 Other Information.

During the quarter ended September 30, 2010, the Company
entered into a promissory note in favor of Fusion Capital Investment Corporation
in the principal amount of $30,253. These proceeds were used by the Company for
working capital. The notes are due on demand and do not bear interest.

During the Quarter ended December 31, 2010, the Company entered
into an additional promissory note in favor of Fusion Capital Investment
Corporation in the principal amount of $2,544 totaling $32,798. All proceeds
were used by the Company for working capital. These notes are due on demand and
do not bear interest.

ITEM 3 Exhibits and Reports on Form 8-K.

(a)             
Exhibits:

|10.24 | Convertible
        Promissory Note dated December 23, 2009 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $1,345.92.     
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                         
|10.25 | Convertible
        Promissory Note dated November 30, 2009 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $1,365.        
|      |                                                                                                                                                                         
|10.26 | Convertible
        Promissory Note dated May 23, 2008 issued by CX2 Technologies, Inc. in
        favor of Michael Rand in the principal amount of $40,500.            
|      |                                                                                                                                                                         
|10.27 | Convertible
        Promissory Note dated November 30, 2009 issued by CX2 Technologies, Inc.
        in favor of GEO Command, Inc. in the principal amount of $6,569.06 
|      |                                                                                                                                                                         
|10.28 | Convertible
        Promissory Note dated August 13, 2009 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $100.            
|      |                                                                                                                                                                         
|10.29 | Convertible
        Promissory Note dated July 17, 2008 issued by CX2 Technologies, Inc. in
        favor of Michael Rand in the principal amount $23,050.              
|      |                                                                                                                                                                         
|10.30 | Convertible
        Promissory Note dated February 27, 2009 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $18,450.       
|      |                                                                                                                                                                         
|10.31 | Convertible
        Promissory Note dated October 30, 2008 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $2,600.         
|      |                                                                                                                                                                         
|10.32 | Convertible
        Promissory Note dated August 6, 2009 issued by CX2 Technologies, Inc.
    in favor of GEO Command, Inc. in the principal amount of $8,500.          
|      |                                                                                                                                                                         
|10.33 | Convertible
        Promissory Note dated February 8, 2008 issued by CX2 Technologies, Inc.
        in favor of Michael Rand in the principal amount of $10,200.        
|      |                                                                                                                                                                         
|10.34 | Convertible
        Promissory Note dated November 25, 2009 issued by CX2 Technologies, Inc.
        in favor of GEO Command, Inc. in the principal amount of $1,784.80.
|      |                                                                                                                                                                         
|10.35 | Convertible
        Promissory Note dated June 30, 2009 issued by CX2 Technologies, Inc. in
        favor of GEO Command Inc. in the principal amount of $8,000.        

6

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|10.36 | Convertible
        Promissory Note dated August 27, 2009 issued by CX2 Technologies, Inc.
    in favor of Michael Rand in the principal amount of $2,400.                       
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                  
|10.37 | Convertible
        Promissory Note dated August 6, 2009 issued by CX2 Technologies, Inc.
        in favor of GEO Command, Inc. in the principal amount $8,500.                  
|      |                                                                                                                                                                                  
|10.38 | Convertible
        Promissory Note dated September 30, 2009 issued by CX2 Technologies, Inc.
        in favor of GEO Command, Inc. in the principal amount of $1,365.95.        
|      |                                                                                                                                                                                  
|10.39 | Convertible
        Promissory Note dated March 31, 2009 issued by CX2 Technologies, Inc.
        in favor of GEO Command, Inc. in the principal amount of $18,961.              
|      |                                                                                                                                                                                  
|10.40 | Convertible
        Promissory Note dated June 5, 2008 issued by CX2 Technologies, Inc. in
        favor of GEO Command, Inc. in the principal amount of $14,113.                
|      |                                                                                                                                                                                  
|10.41 | Convertible
        Promissory Note dated July 31, 2009 issued by CX2 Technologies, Inc. in
        favor of GEO Command, Inc. in the principal amount of $37,200.               
|      |                                                                                                                                                                                  
|10.42 | Promissory
        Note dated September 1, 2010 issued by Green Equity Holdings, Inc. in
        favor of OTC Capital Partnership, LLC in the principal amount of $39,800.       
|      |                                                                                                                                                                                  
|10.43 | Promissory
        Note dated October 7, 2010 issued by Green Equity Holdings, Inc. in favor
        of Empire Limited Partnership, Corp. in the principal amount of $20,000.    
|      |                                                                                                                                                                                  
|10.44 | Promissory
        Note dated December 1, 2010 issued by Green Equity Holdings, Inc. in favor
        of Fusion Capital Investments, Corp. in the principal amount of $32,797.60.
|      |                                                                                                                                                                                  
|31    | Rule 13a-14(a)/15d-14(a)
        Certification of Principal Executive and Principal Financial Officer                                                                            
|      |                                                                                                                                                                                  
|32    | Section 1350
        Certification                                                                                                                                               

---

(b)             
Reports on Form 8-K:

|5.02 | On June 30, 2010, Lester Hahn, sole director, President
      and CEO of CX2 Technologies, Inc. (the  Company  ), resigned from all
      positions held with the Company, including resigning from Board service.
      There were no disagreements as defined 17 CFR 240.3b-7, between the
      Registrant and Mr. Hahn  s resignation from the Board.                                                                                                                     
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     | Also effective, June 30, 2010, the Company appointed
      Raimundo Dias as sole Director, President and CEO to replace Mr. Hahn. Mr.
      Dias will serve as a director until his successor has been elected at the
      next annual meeting of the Registrant  s shareholders or until his
      earlier resignation, removal, or death, and Mr. Dias has not been
      appointed to any committees of the Board as the Board does not presently
      have any committees.
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     | Raimundo Dias, age 39, has over 16 years of experience in
      the financial markets. He is the President of Fusion Capital Investments
      Corporation, a private company specializing in business development. Mr.
      Dias received in 1995 a Bachelors Degree in Business Management and
      Marketing from St. Johns University where he has also elected to the board
      Organization of Latin American Studies (OLAS).                                         
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     | Mr. Dias does not have any employment agreement or other
      compensatory agreement in place with the Company, and is not presently
      being compensated for his service as an officer and director of the
      Company.                                                                                                                                                                                                                                                   
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|5.07 | On August 14, 2010, holder of the majority of the voting
      power of the outstanding stock of CX2 Technologies, Inc. (the  Company 
      ) voted in favor of changing the Company  s name to  Green Equity
      Holdings, Inc.  (The  Name Change  ). The name change has been made
      affective on or about August 16, 2010.                                                                                                                                     

6

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SIGNATURES

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



|/s/ Raimundo Dias              | 
|------------------------------ | 
|Raimundo Dias, CEO             | 
|                               | 
|                               | 
|/s/ Monte C. Waldman           | 
|Monte C. Waldman, C.P.A., P.A. | 
|                               | 
|                               | 
|                               | 
|Date: February 20 , 2011       | 

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