**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





x
            Quarterly
                Report Under Section 13 or 15(d) of the Securities Exchange Act of
                1934
                For the quarterly period ended February 29,
                2008





o
            Transition
                Report Under Section 13 or 15(d) of the Securities Exchange Act;
                For the
                transition period from _________ to
                __________





Commission
      File Number #000-1024048





**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**





(Exact
      name of small business issuer as specified in its charter)


**Nevada**
              **33-0680443**(State
                  or other jurisdiction of
              (I.R.S.
                  Employerincorporation
                  or organization)
              Identification
                  No.)




1503
                  South Coast Drive, Suite 204, Costa Mesa, CA
              92626(Address
                  of Principal Executive Offices)
              (Zip
                  Code)




Registrant’s
      telephone number, including area code:


(714)
      241-3030





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 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 o





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).





Yes
o
      No x





The
      issuer had 12,371,886 common shares outstanding as of Feburary 29,
      2008





Transitional
      Small Business Disclosure Format (check one):




Yes
o
      No x







**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**





**INDEX**


**PAGE
                  NO.**PART
                  I - FINANCIAL INFORMATION
              
              
              1Item
                  1. Financial Statements
              
              
              1Consolidated
                  Balance Sheet at February 29, 2008 (Unaudited)
              
              
              1Consolidated
                  Statements of Operations for the three months endedFebruary
                  29, 2008 and February 28, 2007 (Unaudited)
              
              
              3Consolidated
                  Statements of Operations for the nine months endedFebruary
                  29, 2008 and February 28, 2007 (Unaudited)
              
              
              4Consolidated
                  Statements of Cash Flows for the nine months endedFebruary
                  29, 2008 and February 28, 2007 (Unaudited)
              
              
              5Notes
                  to Consolidated Financial Statements
              
              
              6Item
                  2. Management’s Discussion and Analysis of Financial Condition and Results
                  of Operation.
              
              
              9Item
                  3. Controls and Procedures.
              
              
              13PART
                  II - OTHER INFORMATION
              
              
              13Item
                  1. Legal Proceedings.
              
              
              13Item
                  2. Changes in Securities and Use of Proceeds.
              
              
              13Item
                  3. Defaults Upon Senior Securities.
              
              
              13Item
                  4. Submission of Matters to a Vote of Security Holders.
              
              
              13Item
                  5. Other Information.
              
              
              13Item
                  6. Exhibits and Reports on Form 8-K.
              
              
              14(a)
                  Exhibits(b)
                  Reports on Form 8-KSignatures.
              
              
              15







**PART
      I - FINANCIAL INFORMATION**





**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**Consolidated
      Balance Sheet**


**At
      February 29, 2008**


**(unaudited)**


**ASSETS**Current
                  AssetsCash
              
              $
              15,462Marketable
                  securities, at fair value
              
              
              900Accounts
                  receivable, net
              
              
              20,452Prepaid
                  expenses and deposits
              
              
              15,525Total
                  Current Assets
              
              
              52,339Property
                  and Equipment, net
              
              
              72Other
                  AssetsGoodwill
              
              
              100,000Total
                  Assets
              
              $
              152,411





1




**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**Consolidated
      Balance Sheet (Continued)**


**At
      February 29, 2008**


**(unaudited)**


**LIABILITIES
                  AND STOCKHOLDERS’ DEFICIT**Current
                  LiabilitiesBank
                  indebtedness
              
              $
              94,961Accounts
                  payable
              
              
              229,293Reserve
                  for warranty
              
              
              30,387Deferred
                  revenue
              
              
              17,628Total
                  Current Liabilities
              
              
              372,269Other
                  LiabilitiesDue
                  to Stockholder
              
              
              908,835Total
                  Liabilities
              
              
              1,281,104Minority
                  Interest
              
              
              20,843Stockholders’
                  DeficitCapital
                  Stock (Note 4)
              
              
              1,037,372Additional
                  Paid in Capital
              
              
              3,731,741Accumulated
                  Other Comprehensive Loss
              
              
              (1,747
              )Accumulated
                  Deficit
              
              
              (5,916,902
              )Total
                  Stockholders’ Deficit
              
              
              (1,149,536
              )Total
                  Liabilities and Stockholders’ Deficit
              
              $
              152,411




2




**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**Consolidated
      Statements of Operations**


**Three
      months ended February 29, 2008 and February 28, 2007**


**(unaudited)**


2008
              
              2007**REVENUE**Royalty
                  and franchise fees
              
              $
              106,612
              
              $
              84,962Warranty
                  fees
              
              
              11,060
              
              
              17,504Other
                  income
              
              
              2,676
              
              
              17,049Total
                  Revenue
              
              
              120,348
              
              
              119,515**DIRECT
                  COSTS**
              
              
              3,248
              
              
              3,702**GROSS
                  PROFIT**
              
              
              117,100
              
              
              115,813**EXPENSES**Salaries
                  and fringe benefits
              
              
              48,427
              
              
              46,248General
                  and administrative
              
              
              262,050
              
              
              48,553Occupancy
              
              
              7,995
              
              
              8,625Financial
              
              
              19,736
              
              
              6,147Amortization
              
              
              -
              
              
              12,963Total
                  Expenses
              
              
              338,208
              
              
              122,536**NET
                  LOSS**
              
              
              (221,108
              )
              
              (6,723
              )**BASIC
                  AND FULLY DILUTED LOSS **PER
                  COMMON SHARE****
              
              $
              (0.02
              )
              $
              (0.00
              )**WEIGHTED-AVERAGE
                  NUMBER OF **COMMON
                  SHARES****
              
              
              12,371,886
              
              
              12,371,886




3




**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**Consolidated
      Statements of Operations**


**Nine
      months ended February 29, 2008 and 2007**


**(unaudited)**


2008
              
              2007**REVENUE**Royalty
                  and franchise fees
              
              $
              279,084
              
              $
              261,493Warranty
                  fees
              
              
              35,789
              
              
              60,354Other
                  income
              
              
              17,399
              
              
              25,784Total
                  Revenue
              
              
              332,272
              
              
              347,631**DIRECT
                  COSTS**
              
              
              15,748
              
              
              24,256**GROSS
                  PROFIT**
              
              
              316,524
              
              
              323,375**EXPENSES**Salaries
                  and fringe benefits
              
              
              141,220
              
              
              138,369General
                  and administrative
              
              
              654,138
              
              
              178,502Occupancy
              
              
              27,399
              
              
              34,195Financial
              
              
              45,610
              
              
              17,065Depreciation
              
              
              -
              
              
              1,865Amortization
              
              
              1,000
              
              
              38,887Total
                  Expenses
              
              
              869,367
              
              
              408,883**NET
                  LOSS**
              
              
              (552,843
              )
              
              (85,508
              )**BASIC
                  AND FULLY DILUTED LOSS **PER
                  COMMON SHARE****
              
              $
              (0.04
              )
              $
              (0.01
              )**WEIGHTED-AVERAGE
                  NUMBER OF **COMMON
                  SHARES****
              
              
              12,371,886
              
              
              12,371,886




4




**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**Consolidated
      Statements of Cash Flows**


**Nine
      months ended February 29, 2008**  **and
      2007**


**(unaudited)**





2008
            
            2007CASH
                FLOWS FROM OPERATING ACTIVITIESNet
                loss
            
            $
            (552,843
            )
            $
            (85,508
            )Adjustments
                to reconcile net loss to net cash from operating
                activitiesDepreciation
            
            
            -
            
            
            1,865Amortization
            
            
            1,000
            
            
            38,887Changes
                in assets and liabilitiesAccounts
                receivable
            
            
            1,957
            
            
            (28,500
            )Prepaid
                expenses and deposits
            
            
            -
            
            
            501Accounts
                payable
            
            
            10,083
            
            
            22,871Reserve
                for warranty
            
            
            (7,114
            )
            
            (9,452
            )Deferred
                revenue
            
            
            (5,679
            )
            
            (13,959
            )Net
                Cash Flows from Operating Activities
            
            
            (552,596
            )
            
            (73,295
            )CASH
                FLOWS FROM INVESTING ACTIVITIES
            
            
            -
            
            
            -CASH
                FLOWS FROM FINANCING ACTIVITIESAdvances
                from lines of credit, net
            
            
            6,907
            
            
            23,700Due
                to stockholder
            
            
            544,474
            
            
            52,353Repayments
                on note payable
            
            
            (4,759
            )
            
            (8,763
            )Net
                Cash Flows from Financing Activities
            
            
            546,622
            
            
            67,290NET
                CHANGE IN CASH
            
            
            (5,974
            )
            
            (6,005
            )Cash,
                beginning of period
            
            
            21,436
            
            
            53,376CASH,
                END OF PERIOD
            
            $
            15,462
            
            $
            47,371SUPPLEMENTAL
                DISCLOSURE OF CASHFLOW
                INFORMATIONInterest
                paid
            
            $
            5,098
            
            $
            4,429Income
                taxes paid
            
            $
            -
            
            $
            -




5





**MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.**


**NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS**





**Note
      1.** **MANAGEMENT’S
      PLAN AND FUTURE OPERATIONS**





At
      February 29, 2008, adverse principal conditions and events are prevalent that
      require necessary action by management to enable the Company to return to
      profitability and to reverse these adverse conditions and events. These
      conditions and events include recurring operating losses, working capital
      deficiencies, and adverse key financial ratios. Management’s plans to mitigate
      these adverse conditions and events include:




·
            attempting to raise additional funding through private
              and public offering,  ·
            investigating
                and pursuing potential
                mergers/acquisitions,


·
            the
                core business of franchising nationwide


·
            making
                efforts to reduce unnecessary operating expenses on a monthly
                basis





The
      accompanying consolidated financial statements do not include any adjustments
      to
      the recoverability and classification of recorded asset amounts and
      classification of liabilities that might be necessary in the event that the
      Company is unable to continue as a going concern.





**Note
      2. BASIS OF CONSOLIDATED FINANCIAL STATEMENTS PRESENTATION**





The
                condensed consolidated financial statements of Moneylogix Group Inc.
                f/k/a
                Homelife, Inc. and Subsidiaries (the “Company”) included herein have been
                prepared by the Company, without audit, pursuant to the rules and
                regulations of the Securities and Exchange Commission (the “SEC”). Certain
                information and footnote disclosures normally included in consolidated
                financial statements prepared in conjunction with generally accepted
                accounting principles have been condensed or omitted pursuant to
                such
                rules and regulations, although the Company believes that the disclosures
                are adequate to make the information presented not misleading. These
                condensed consolidated financial statements should be read in conjunction
                with the annual audited consolidated financial statements and the
                notes
                thereto included in the Company’s Form 10-KSB Annual Report, and other
                reports filed with the SEC.





The
                accompanying unaudited interim consolidated financial statements
                reflect
                all adjustments of a normal and recurring nature which are, in the
                opinion
                of management, necessary to present fairly the financial position,
                results
                of operations and cash flows of the Company for the interim periods
                presented. The results of operations for these periods are not necessarily
                comparable to, or indicative of, results of any other interim period
                of or
                for the fiscal year taken as a whole. Certain financial information
                that
                is not required for interim financial reporting purposes has been
                omitted.





**Company
                Name Change**


On
                January 29, 2008, the Company formally changed its name from Homelife,
                Inc. to Moneylogix Group Inc.





**Reclassifications**  Certain amounts in the prior year consolidated financial
              statements have been reclassified to conform with the current year
              presentation. The reclassifications made to the prior year have no
              impact
              on the net income (loss), or overall presentation of the consolidated
              financialstatements.  **New
              Pronouncements**


In
      February 2007, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial  Accounting
      Standard (“SFAS”) No. 159, "The Fair Value Option for Financial Assets and
      Financial Liabilities,  including
      an amendment of FASB Statement No. 115”. SFAS 159 permits entities to choose to
      measure many  financial
      instruments and certain other items at fair value at specified election dates.
      This Statement applies to all  entities,
      including not-for-profit organizations. SFAS 159 is effective as of the
      beginning of an entity’s first  fiscal
      year that begins after November 15, 2007. As such, the Company is required
      to
      adopt these provisions at  the
      beginning of the fiscal year ending May 31, 2009. The Company is currently
      evaluating the impact of SFAS  159
      on
      its financial statements, but does not expect this to have a material
      impact.




6





In
      September 2006, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial  Accounting
      Standard (“SFAS”) No. 157, "Fair Value Measurements”. SFAS 157 defines fair
      value, establishes a  framework
      for measuring fair value, and expands disclosures about fair value measurements.
      SFAS 157 is  effective
      as of the beginning of the first fiscal year that begins after November 15,
      2007. As such, the Company  is
      required to adopt these provisions at the beginning of the fiscal year ending
      May 31, 2009. The Company is  currently
      evaluating the impact of SFAS 157 on its financial statements, but does not
      expect this to have a  material
      impact.





In
      June 2006, the FASB issued FIN 48, *Accounting
      for Uncertainty in Income Taxes—an Interpretation of*  *FASB
      Statement No. 109.* This
      interpretation clarifies the accounting for uncertainty in income taxes  recognized
      in an enterprise’s financial statements. This interpretation prescribes a
      recognition threshold and  measurement
      attribute for the financial statement recognition and measurement of a tax
      position taken or  expected
      to be taken in a tax return. This Interpretation also provides guidance on
      derecognition,  classification,
      interest and penalties, accounting in interim periods, disclosure, and
      transition. FIN 48 is  effective
      for fiscal years beginning after December 15, 2006. As such, the Company is
      required to adopt these  provisions
      at the beginning of the fiscal year ended May 31, 2008. The Company is currently
      evaluating the  impact
      of
      FIN 48 on its financial statements, but does not expect this to have a material
      impact.





In
      December 2007, the Financial Accounting Standards Board issued Statement of
      Financial Accounting  Standards
      (“SFAS”) No. 141(R), “Business Combinations”. SFAS 141(R) establishes
      principles and  requirements
      for how the acquirer recognizes and measures in its financial statements the
      identifiable assets  acquired,
      the liabilities assumed, an any noncontrolling interest in the acquiree,
      recognizes and measures the  goodwill
      acquired in the business combination or a gain from a bargain purchase, and
      determines what  information
      to disclose to enable users of the financial statements to evaluate the nature
      and financial effects  of
      the
      business combination. SFAS 141(R) is effective for fiscal years, and interim
      periods within those fiscal  years,
      beginning on or after December 15, 2008. As such, the Company is required
      to adopt these provisions at  the
      beginning of the fiscal year ended May 31, 2010. The Company is currently
      evaluating the impact that the  adoption
      of SFAS 141(R) will have on its financial statements.





In
      December 2007, the Financial Accounting Standards Board issued Statement of
      Financial Accounting  Standards
      (“SFAS”) No. 160, “Noncontrolling Interests in Consolidated Financial
      Statements, an amendment  of
      ARB
      No. 51”. SFAS 160 establishes accounting and reporting standards for the
      noncontrolling interest in a  subsidiary
      and for the deconsolidation of a subsidiary. SFAS 160 is effective for fiscal
      years, and interim  periods
      within those fiscal years, beginning on or after December 15, 2008. As
      such, the Company is required  to
      adopt
      these provisions at the beginning of the fiscal year ended May 31, 2010. The
      Company does not  expect
      SFAS 160 to have a material effect on its financial statements.





In
      December 2007, the SEC issued Staff Accounting Bulletin No. 110 (“SAB
      110”). SAB 110 permits  companies
      to continue to use the simplified method, under certain circumstances, in
      estimating the expected  term
      of
“plain vanilla” options beyond December 31, 2007. SAB 110 updates guidance
      provided in SAB 107  that
      previously stated that the Staff would not expect a company to use the
      simplified method for share option  grants
      after December 31, 2007. Adoption of SAB 110 is not expected to have a
      material impact on the  Company’s
      financial statements.





In
      March 2008, FASB issued Statement of Financial Accounting Standards
      No. 161, “Disclosures about  Derivative
      Instruments and Hedging Activities” (“SFAS 161”). SFAS 161 is intended to
      improve financial  reporting
      about derivative instruments and hedging activities by requiring companies
      to
      enhance disclosure  about
      how
      these instruments and activities affect their financial position, performance
      and cash flows. SFAS  161
      also
      improves the transparency about the location and amounts of derivative
      instruments in a company’s  financial
      statements and how they are accounted for under SFAS 133. SFAS 161 is effective
      for financial  statements
      issued for fiscal years beginning after November 15, 2008 and interim
      periods beginning after that  date.
      As
      such, the Company is required to adopt these provisions beginning with the
      quarter ending in  February
      2009. Adoption of SFAS 161 is not expected to have a material impact on the
      Company’s financial  statements.




7




**Note
      3. COMMITMENTS AND CONTINGENCIES**





The
      Company is currently a plaintiff in a lawsuit. Legal fees have been paid by
      a
      majority shareholder of the company and have been properly reflected in the
      financial statements.





**Note
      4. CAPITAL STOCK**





a)  Authorized





100,000
      Class A Preferred shares of no par value, 6% non-cumulative dividend, voting,
      convertible to common shares at the option of the shareholder at a price equal
      to the face value of the Class A shares. Each Class A Preferred share carries
      1,000 votes as compared with 1 vote for each Common share.





2,000
      Class AA Preferred shares of $500 par value, 8% cumulative dividend, non-voting,
      redeemable at face value by the company, convertible after 12 months from the
      date of issuance, at the option of the shareholder, to Common shares at a price
      equal to the 125% of the face value of the Class AA shares as compared with
      the
      market price of the common stock.





100,000,000
      Common shares of $0.001 par value


Issued2008
              
              200710,000
                  Class A Preferred shares
              
              $
              1,000,000
              
              $
              1,000,00050
                  Class AA Preferred shares
              
              
              25,000
              
              
              25,00012,371,886
                  Common shares
              
              
              12,372
              
              
              12,372$
              1,037,372
              
              $
              1,037,372




**Note
      5.**  **SUBSEQUENT
      EVENT**





On
      January 08, 2008 the Company entered into an Agreement and Plan of Merger with
      Agdas Financial Holdings and Moneylogix, Inc.. This agreement provides the
      following:  (1) Moneylogix’s shareholders will exchange all of the issued
      and outstanding stock of Moneylogix in exchange for the transfer of 80,000,000
      new issued shares of the common stock , par value $0.01 per share, that will
      constitute 98.70% of the issued and outstanding capital stock of the company
      (2)
      $250,000 payment to the Company to pay present liabilities; (3) Andrew Cimerman
      will receive 490,310 shares of the Company common stock after a 22 to 1 reverse
      stock split; Mr. Cimerman will transfer 458,000 of these restricted shares
      to
      the shareholders of the company. As part of the deal, 10,000 Class A Preferred
      Shares will be cancelled.




8




**Item
      2.** **Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations**





Overview





The
      Company has experienced growth primarily through its acquisitions of and
      combinations with various other companies. This includes the acquisition in
      August 1996 of the Keim Group of Companies and MaxAmerica Home Warranty Company
      (Michigan) adding 60 real estate offices and a home warranty company in
      Michigan. In 1997, the Company purchased certain assets of S & S Acquisition
      Corp. providing the Company with Red Carpet Real Estate Services and National
      Real Estate Services adding 58 real estate offices. The acquisition of the
      real
      estate computer technology of House by Mouse and Virtual Assistant provided
      the
      Company with the ability to enhance its Internet communication services to
      its
      franchises. In July 1997, the Company acquired the licensing agreements,
      trademarks and franchise offices of Network Real Estate, Inc. This acquisition
      provided the Company with an additional 12 offices in Northern California and
      access to the “high-end” luxury division of “International Estates”. In February
      1998, the Company acquired Builders Realty (Calgary) Ltd. providing access
      to
      the Alberta, Canada market in both retail real estate and mortgage loans.
      Certain assets of Builders Realty (Calgary) were sold during fiscal year 2002.
      On September 15, 1998, the Company purchased the stock of the investment banking
      firm of Aspen, Benson and May, LLC for common stock.





On
      January 29, 2008, the Company formally changed its name from Homelife, Inc.
      to
      Moneylogix Group Inc.





From
      time
      to time, the Company has entered into strategic alliances with various companies
      in order to explore the cross-marketing of their services to customers of the
      Company or its franchises. To date, these strategic alliances have not included
      any funding agreements or other liabilities on the part of the Company.





The
      following is management’s discussion and analysis of Moneylogix Group Inc’s
      financial condition and results of operations. Detailed information is contained
      in the financial statements included with this document. This section contains
      forward-looking statements that involve risks and uncertainties, such as
      statements of the Company’s plans, objectives, expectations and intentions. The
      cautionary statements made in this document should be read as being applicable
      to all related forward-looking statements wherever they appear in this document.





**Three
      Months Ended February 29, 2008 (unaudited) compared to the Three Months Ended
      February 28, 2007 (unaudited).**





**Revenues** .
      The
      Company generated gross sales of $120,348 for the quarter ended February 29,
      2008 compared to gross sales of $119,515 for the quarter ended February 28,
      2007. Revenue by business segment is shown below:


February
                  29, 2008
              
              
              
              February
                  28, 2007Amount
              
              %
              
              Amount
              
              %Royalty
                  & franchise fees
              
              $
              106,612
              
              
              89
              
              $
              84,962
              
              
              71Home
                  warranty sales
              
              
              11,060
              
              
              9
              
              
              17,504
              
              
              15Other
              
              
              2,676
              
              
              2
              
              
              17,049
              
              
              14TOTAL
              
              $
              120,348
              
              
              100
              
              $
              119,515
              
              
              100


Royalty
      fees & franchise fees were higher in the current quarter due to the closing
      of more deals in the current period. The overall real estate market has slowed
      down from previous years, but this quarter garnered more sales than last year.
      Home warranty fees were lower in the current quarter compared to the prior
      year
      due to fewer contracts written and a lower per contract average than in the
      prior year. This has also been a result of the slow down in the real estate
      market.




9





**Direct
      Costs.** Direct
      costs on total revenue in the current quarter are were comparable to the same
      quarter last year and relate to lower warranty claims during the
      period.





**Salaries
      and fringe benefits.** Salaries
      and fringe benefits increased $2,179 or 5% from the third quarter last year.
      This results from one replaced employee at a higher salary.




**General
      and administrative.** General
      and administrative costs are higher in the current fiscal quarter compared
      to
      prior year mainly due to the legal fees paid by shareholder related to the
      existing lawsuit.





**Occupancy.** Occupancy costs are
      lower
      in the current quarter due to the relocation of the Michigan
      office.





**Financial.** Financial costs were higher for the quarter ended February 29, 2008 due to
      the
      accrued interest on the higher average outstanding amount due to
      shareholder.





**Amortization.** The
      intangibles became fully amortized earlier in the year. The
      intangibles became fully amortized in a prior quarter of the current fiscal
      quarter.Therefore there was no amortization expense in the current
      quarter.





**Nine
      Months Ended February 29, 2008 (unaudited) compared to the Nine Months Ended
      Februrary 28, 2007 (unaudited).**





**Revenues** .
      For the
      first half of the current fiscal year, the Company generated gross sales of
      $332,272 compared to $347,631 in the prior year same period. Revenue by business
      segment is shown below:


February
                  29, 2008
              
              
              
              February
                  28, 2007Amount
              
              %
              
              Amount
              
              %Royalty
                  & franchise fees
              
              $
              279,084
              
              
              84
              
              $
              261,493
              
              
              75Home
                  warranty sales
              
              
              35,789
              
              
              11
              
              
              60,354
              
              
              17Other
              
              
              17,399
              
              
              5
              
              
              25,784
              
              
              8TOTAL
              
              $
              332,272
              
              
              100
              
              $
              347,631
              
              
              100





Royalty
      fees & franchise fees were up approximately $18,000 in the current period
      due to the better third quarter in the current year. The slow down in the market
      has largely affected the home warranty sales. Warranty fees were lower in the
      current three fourths of the year compared to the prior year due to fewer
      contracts written and a lower per contract average than in the prior year.





**Direct
      Costs.** Direct
      costs on total revenue in the current period are lower than the first nine
      months of last year due to lower warranty fees and related warranty claims
      in
      the current period.





**Salaries
      and fringe benefits.** Salaries
      and fringe benefits are slightly higher in the current period.




**General
      and administrative.** General
      and administrative costs are higher in the current fiscal year compared to
      prior
      year mainly due to the legal fees paid by shareholder related to the existing
      lawsuit.





**Occupancy.** Occupancy costs are lower in the current year first half due to the relocation
      of the Michigan office.





**Financial.** Financial costs were higher for the nine months ended February 29, 2008 due
      to
      the accrued interest on the higher average outstanding amount due to
      shareholder.





**Depreciation.** Depreciation expense was immaterial for the period.





**Amortization.** The
      intangibles became fully amortized in a prior quarter.




10




**Liquidity
      and capital resources.** The
      Company has lines of credit with two banks with available credit of $95,000
      and
      a term loan of $25,000. The capital requirements of the Company are for
      operating expenses and to service and the use of its lines of credit. The
      Company has recorded significant operating losses in the prior two years. These
      losses are primarily due to increased direct costs and operating expenses.
      The
      Company does not have any derivative instruments or hedging activities,
      therefore, the Company believes that SFAS No. 133 will have no material impact
      on the Company’s financial statements or notes thereto.





The
      Company has experienced recurring operating losses and has a working capital
      deficiency of $319,930 as of February 29, 2008. Management has initiated changes
      in operational procedures, reduced staff and expenses and focused its efforts
      on
      its core business. Management believes that, despite the losses incurred and
      the
      deterioration in stockholders’ equity, it has developed a plan, which, if
      successfully implemented, can improve the operating results and financial
      condition of the Company. Furthermore, the Company continues its attempt to
      raise additional financing through private and public offerings.





**Application
      of Critical Accounting Policies** .
      The
      Company’s financial statements and accompanying notes are prepared in accordance
      with generally accepted accounting principles in the United States. Preparing
      financial statements requires management to make estimates and assumptions
      that
      affect the reported amounts of assets, liabilities, revenue, and expenses.
      These
      estimates and assumptions are affected by management’s application of accounting
      policies. Critical accounting policies for the Company includes revenue
      recognition, goodwill and accounting for income taxes.





The
      Company recognizes revenue in accordance with Staff Accounting Bulletin No.
      101,
“Revenue Recognition in Financial Statements”. The Company recognizes revenue
      when it is realized or realizable and earned. Income from the sale of franchises
      is recognized over a 5-year period. Master franchise agreement fees are
      recognized over 10 years. Royalty income stemming from the gross commissions
      on
      the sales of real estate by the franchise offices is recognized at the date
      of
      receipt; this is due to the complexity of attempting to forecast the actual
      closing date of the properties. Warranty income is recognized over the term
      of
      the contract which is usually 12 months; anticipated obligations which represent
      incurred but not reported losses (IBNR) under these warranties have been
      recorded as reserve for warranty and are based on past loss experience. Real
      estate brokerage income is recognized at the close of escrow. Loan fees are
      recognized as income when the loan is closed and funded at the close of escrow.
      Revenue received or receivable, from the sale of franchises, master franchises
      and warranties, which is not recognized as income is recorded on the balance
      sheet as deferred revenue.





The
      Company accounts for income tax under the provisions of Statement of Financial
      Accounting Standards No. 109, which requires recognition of deferred tax assets
      and liabilities for the expected future tax consequences of events that have
      been included in the consolidated financial statements or tax returns. Deferred
      income taxes are provided using the liability method. Under the liability
      method, deferred income taxes are recognized for all significant temporary
      differences between the tax and financial statement bases of assets and
      liabilities. In addition, the Company is required to record all deferred tax
      assets, including future tax benefits of capital losses carried forward, and
      to
      record a “valuation allowance” for any deferred tax assets where it is more
      likely than not that the asset will not be realized.





**New
      Pronouncements**




In
      February 2007, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial  Accounting
      Standard (“SFAS”) No. 159, "The Fair Value Option for Financial Assets and
      Financial Liabilities,  including
      an amendment of FASB Statement No. 115”. SFAS 159 permits entities to choose to
      measure many  financial
      instruments and certain other items at fair value at specified election dates.
      This Statement applies to all  entities,
      including not-for-profit organizations. SFAS 159 is effective as of the
      beginning of an entity’s first  fiscal
      year that begins after November 15, 2007. As such, the Company is required
      to
      adopt these provisions at  the
      beginning of the fiscal year ending May 31, 2009. The Company is currently
      evaluating the impact of SFAS  159
      on
      its financial statements, but does not expect this to have a material
      impact.





In
      September 2006, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial  Accounting
      Standard (“SFAS”) No. 157, "Fair Value Measurements”. SFAS 157 defines fair
      value, establishes a  framework
      for measuring fair value, and expands disclosures about fair value measurements.
      SFAS 157 is  effective
      as of the beginning of the first fiscal year that begins after November 15,
      2007. As such, the Company  is
      required to adopt these provisions at the beginning of the fiscal year ending
      May 31, 2009. The Company is  currently
      evaluating the impact of SFAS 157 on its financial statements, but does not
      expect this to have a  material
      impact.




11





In
      June 2006, the FASB issued FIN 48, *Accounting
      for Uncertainty in Income Taxes—an Interpretation of*  *FASB
      Statement No. 109.* This
      interpretation clarifies the accounting for uncertainty in income taxes  recognized
      in an enterprise’s financial statements. This interpretation prescribes a
      recognition threshold and  measurement
      attribute for the financial statement recognition and measurement of a tax
      position taken or  expected
      to be taken in a tax return. This Interpretation also provides guidance on
      derecognition,  classification,
      interest and penalties, accounting in interim periods, disclosure, and
      transition. FIN 48 is  effective
      for fiscal years beginning after December 15, 2006. As such, the Company is
      required to adopt these  provisions
      at the beginning of the fiscal year ended May 31, 2008. The Company is currently
      evaluating the  impact
      of
      FIN 48 on its financial statements, but does not expect this to have a material
      impact.





In
      December 2007, the Financial Accounting Standards Board issued Statement of
      Financial Accounting  Standards
      (“SFAS”) No. 141(R), “Business Combinations”. SFAS 141(R) establishes
      principles and  requirements
      for how the acquirer recognizes and measures in its financial statements the
      identifiable assets  acquired,
      the liabilities assumed, an any noncontrolling interest in the acquiree,
      recognizes and measures the  goodwill
      acquired in the business combination or a gain from a bargain purchase, and
      determines what  information
      to disclose to enable users of the financial statements to evaluate the nature
      and financial effects  of
      the
      business combination. SFAS 141(R) is effective for fiscal years, and interim
      periods within those fiscal  years,
      beginning on or after December 15, 2008. As such, the Company is required
      to adopt these provisions at  the
      beginning of the fiscal year ended May 31, 2010. The Company is currently
      evaluating the impact that the  adoption
      of SFAS 141(R) will have on its financial statements.





In
      December 2007, the Financial Accounting Standards Board issued Statement of
      Financial Accounting  Standards
      (“SFAS”) No. 160, “Noncontrolling Interests in Consolidated Financial
      Statements, an amendment  of
      ARB
      No. 51”. SFAS 160 establishes accounting and reporting standards for the
      noncontrolling interest in a  subsidiary
      and for the deconsolidation of a subsidiary. SFAS 160 is effective for fiscal
      years, and interim  periods
      within those fiscal years, beginning on or after December 15, 2008. As
      such, the Company is required  to
      adopt
      these provisions at the beginning of the fiscal year ended May 31, 2010. The
      Company does not  expect
      SFAS 160 to have a material effect on its financial statements.





In
      December 2007, the SEC issued Staff Accounting Bulletin No. 110 (“SAB
      110”). SAB 110 permits  companies
      to continue to use the simplified method, under certain circumstances, in
      estimating the expected  term
      of
“plain vanilla” options beyond December 31, 2007. SAB 110 updates guidance
      provided in SAB 107  that
      previously stated that the Staff would not expect a company to use the
      simplified method for share option  grants
      after December 31, 2007. Adoption of SAB 110 is not expected to have a
      material impact on the  Company’s
      financial statements.





In
      March
      2008, FASB issued Statement of Financial Accounting Standards No. 161,
“Disclosures about  Derivative
      Instruments and Hedging Activities” (“SFAS 161”). SFAS 161 is intended to
      improve financial  reporting
      about derivative instruments and hedging activities by requiring companies
      to
      enhance disclosure  about
      how
      these instruments and activities affect their financial position, performance
      and cash flows. SFAS  161
      also
      improves the transparency about the location and amounts of derivative
      instruments in a company’s  financial
      statements and how they are accounted for under SFAS 133. SFAS 161 is effective
      for financial  statements
      issued for fiscal years beginning after November 15, 2008 and interim
      periods beginning after that  date.
      As
      such, the Company is required to adopt these provisions beginning with the
      quarter ending in  February
      2009. Adoption of SFAS 161 is not expected to have a material impact on the
      Company’s financial  statements.




12




**Item
      3. Controls and Procedures**





Based
      on
      the evaluation of the Company's disclosure controls and procedures by Andrew
      Cimerman, the Company's Chief Executive Officer and Marie M. May, the Company’s
      Chief Financial Officer, as of a date within 45 days of the filing date of
      this
      quarterly report, such officers have concluded that the Company's disclosure
      controls and procedures are effective in ensuring that information required
      to
      be disclosed by the Company in the reports that it files or submits under the
      Securities and Exchange Act of 1934, as amended, is recorded, processed,
      summarized and reported, within the time period specified by the Securities
      and
      Exchange Commission's rules and forms.





There
      were no significant changes in the Company's internal controls or in other
      factors that could significantly affect these controls subsequent to the date
      of
      their evaluation, including any corrective actions with regard to significant
      deficiencies and material weaknesses.





**PART
      II - OTHER INFORMATION**





**Item
      1. Legal Proceedings**





On
      November 29, 2006, Homelife filed in Federal Court against MIT Holding, Inc.
      for
      breach of contract and is seeking $2 Million in damages.





On
      March
      22, 2007, both parties agreed to terminate the agreement with the payment of
      $27,500 from MIT Holding, Inc. to Homelife.





The
      company is involved in a lawsuit with a company named HomeLife Communities
      for
      illegally using the HomeLife name. HomeLife Communities has agreed to change
      its
      name but has not yet done so. HomeLife Inc. is suing for royalties.





At
      the
      time of filing, there is no determinable outcome of the lawsuit. Legal fees
      have
      been paid by a majority shareholder of the company and have been properly
      reflected in the financial statements.





**Item
      2.**   **Changes
      in Securities and use of proceeds.**





None.





**Item
      3.**  **Defaults
      upon senior securities** .





None.





**Item
      4.**  **Submission
      of matters to a vote of security holders.**





None.




**Item
      5.**  **Other
      Information.**





None.


13





**Item
      6.**  **Exhibits
      and Reports on Form 8-K.**





(a)
      Exhibits:





31
            Certification
                Pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002.





32
                Certification
                    Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section
                    906 of
                    the Sarbanes-Oxley Act of
                    2002.




(b)
      Reports on Form 8-K:





Entry
      into a Material Definitive Agreement, Financial Statements and Exhibits - filed
      September 15, 2006




14




**SIGNATURES**





In
      accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
      as
      amended (the "Exchange Act") the Registrant caused this report to be signed
      on
      its behalf by the undersigned, thereunto duly authorized.


MONEYLOGIX
      GROUP INC. F/K/A HOMELIFE, INC.


Registrant




By:
            /s/
              Andrew Cimerman
            
            
            Date:
April
              21, 2008Chief
              Executive Officer, President, Director




In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.


By:
              /s/ Andrew Cimerman
              
              
              Date:
April
                21, 2008Chief
                Executive Officer, President, Director
  15