Blue Holdings, Inc. (BLHI)

[Penny Roger$]

For the Quarterly Period Ended: September 30, 2008 Stockholders' deficiency:
Preferred stock $0.001 stated value, 5,000,000 shares authorized, 1,000,000 Series A convertible shares issued with 6% cumulative dividend of the designated purchase price and initial conversion price of $0.7347 1,000 1,000
Common stock $0.001 par value, 75,000,000 shares authorized, 26,232,200 shares issued and outstanding