Ix Energy - Investor Kit 1

OTC BB: IXEH

•

•

Collateral Materials Fact Sheet

4

Investor Presentation

6

IX Energy Brochure

38

Management Bios

42

SEC Filings 10-Q

•

46

Press Releases March 16, 2009

63

February 18, 2009

65

February 13, 2009

67

February 2, 2009

68

Collateral Materials

Contact Contact:

FINANCIAL OVERVIEW Ticker (OTC BB):

IXEH

Recent Price:

$0.36

Market Cap:

$20.78 M

Shares Out.:

58.53 M

Revenue:

$185.94 K

Fiscal Year End:

December 31

_____________________________

Tim Clemensen Rubenstein Investor Relations 212-843-9337 [email protected]

IX Energy Holdings, Inc. IX Energy is a provider of solar and renewable energy solutions to institutions such as U.S. Federal government agencies, military and commercial customers. Renewable is expected to become an increasingly vital component of the country's energy mix and IX Energy’s commitment is to helping clients design, finance and implement renewable energy solutions for their unique energy needs. Through the leveraging of their diverse experience and expertise in government, renewable industry and project financing, the Company simplifies solar and renewable energy solutions for federal, state and local government entities by providing comprehensive renewable energy products and services. These products and services are designed to address federal mandates and other issues of vital importance including national energy independence and emissions reduction.

IX Energy Holdings, Inc. 711 Third Avenue Suite 1505 New York, NY 10017 P: (212) 682-5068 F: (212) 682-5117

www.IXEnergy.com

Management •

Steve Hoffmann, Chairman & CEO—Steve Hoffmann is the founder and CEO of IX Energy and responsible for all areas of company direction, finance, managing capital and investor stockholder relations. Steve's entrepreneurial leadership experience and expertise in areas of energy, industrial sales, HVAC systems, Automation, and Energy Management Systems lead him to founding IX Energy Inc. Steve's knowledge in demand reduction, energy systems and integration of solar and wind technologies has been utilized by Architects and Engineering Firms in designing some of largest projects for renewable energy on the East Coast. Mr. Hoffmann holds a Bachelor Degree in Business from the University of Massachusetts, and Associates in specialized engineering.

•

Karen Morgan, President—Ms. Morgan brings more than 15 years of corporate development and executive experience to the IX Energy management team, with development state companies in renewable energy, finance and information technology. Prior to joining IX Energy, Karen founded Generating Assets, LLC, a solar project finance company, which she sold to Envision Solar International, Inc. Ms. Morgan graduated from Boston University with a B.A. in Biology.

•

William J. Winslow, SVP Government Sales—Bill Winslow leads IX Energy's sales and marketing efforts and brings more than 20 years of experience selling into government and industry sectors. Over the years, Bill has built many high performance sales and marketing teams and has effectively led organizations through the government procurement process. Bill is a LEED Accredited Professional with the US Green Building Council and brings a thorough understanding of green building practices and principles that are key to developing sustainability solutions for all IX Energy customers. Bill also holds a B.S. in Electrical Engineering from Pennsylvania State University.

Product Areas •

Power Stations—Power Stations are complete, integrated power supplies designed for site loads requiring 12, 24 or 48 volts DC and/or utility-grade AC voltage. Wired to U.S. National Electrical Code standards, each solar electric system provides safe and reliable power generation without the expense of installing utility power.

•

Remote Systems—The IX Energy Portable Energy System converts sunlight directly into electricity, allowing the user freedom to recharge a handset or other portable device anywhere the sun shines. The system is lightweight, weather-resistant and highly durable.

•

Lighting Systems—The IX Energy Designer Lighting Systems (DLS) combine the latest technology available to provide years of reliable, low maintenance operation. The DLS control panel and batteries are contained in a ‘slim-line’, outdoor enclosure and is fully tested with a factory assembled control panel for simple, trouble free installation

•

Grid-Tie Systems—IX Energy Residential Grid-Tie Systems provide reliable power for your home using top quality UL listed products. Each system is pre-packaged to save design time and includes solar modules, UniRac® SolarMount mounting structure, inverters, cables and all necessary hardware and electrical components. IX Energy grid-tie systems are modular which means you can combine multiple units together or add to your system in the future.

Recent News March 16, 2009

IX Energy Holdings Names Key Additions to Executive Team

February 18, 2009

IX Energy Signs Teaming Agreement with Legatus6

February 13, 2009

IX Energy Holdings Names Industry Veteran Karen Morgan as President

February 2, 2009

IX Energy Holdings Consummates Merger and Announces Trading Symbol

Disclaimer This presentation is prepared by IX Energy (or the “Company”) and is being presented solely for the purpose of  corporate communication and general reference. The presentation is not intended as an offer to sell, or to  solicit an offer to buy or form any basis of investment decision for any class of securities of the Company in any  jurisdiction. All such information should not be used or relied on without professional advice. The presentation  is a brief summary in nature and does not purport to be a complete description of the Company, its business,  or historical operating results or its future prospects.  This presentation contains forward‐looking statements that involve risks and uncertainties. All statements  other than statements of historical facts are forward‐looking statements. These statements involve known and  unknown risks, uncertainties and other factors that may cause our actual results, performance or  achievements to be materially different from those expressed or implied by the forward‐looking statements.  This presentation is provided without any warranty or representation of any kind, either expressly or implied.  The Company specifically disclaims all responsibilities in respect of any use or reliance of any information  whether financial or otherwise, contained in this presentation. 

1

Agenda • • • • • • • • • • • • • • • • •

IX Energy Overview Milestone Achievements Vertical Integration UNICOR Agreement Growth of Renewable Energy Markets Federal Mandates & Stimulus Federal Market Opportunity Commercial Market Opportunity Customer Challenges IX Energy Solutions Competition Turnkey Solutions & Financing Power Purchase Agreements (PPAs) IX Energy Growth Financial Summary Appendix A – Management Team Appendix B – Sample Design Layouts

2

IX Energy Overview

3

Milestone Achievements •

Completed successful reverse merger in December 2008

•

Executed a 5 year agreement with Federal Prison Industries, Inc. (“UNICOR”) to  manufacture solar modules to be marketed to U.S. government customers

•

Executed teaming agreement with UNICOR to market and sell renewable energy  products to federal agencies, the U.S. military and other federal opportunities

•

Completed equipment purchase for 12 MW IX Energy private plant representing a  capital asset and potential $30 million in revenue in the private sector

•

Executed teaming agreement with Legatus6, a Service Disabled Veteran Owned  Small Business that provides a range of services to federal agencies

•

Expanded the management team and operating capabilities 4

Vertical Integration •

Manufacturing – –

•

Cell supply and module assembly – –

•

IX Energy has a direct sales conduit into federal and military facilities and the commercial market

Installation – –

•

Supply partnership with large German and Taiwanese producers of solar cells Strategic partnerships ensure reduced overhead, equipment and assembly costs

Sales –

•

5 year manufacturing agreement with UNICOR Currently establishing and installing multiple manufacturing facilities with capacity exceeding 250  MW in 2011/2012

IX Energy outsources all construction management, contracting and installation All insurance, bonding and other liabilities are placed on sub‐contractors

Financing –

Upfront financing solutions remove the barrier to entry for clients that may not have the investment  capital necessary to pursue a renewable energy solution

5

Vertical Integration •

Vertical integration leverages UNICOR relationship and network to expand product  lines and grow revenue from the government channel

•

Facilitates commercial and utility scale growth through an established network of  preferred partners and teaming agreements

Manufacturing (UNICOR)

Sales & Marketing

Integration

Project Management Structured Financing

6

UNICOR – IX Energy Agreement •

UNICOR will assemble IX Energy modules at a plant in Otisville, NY – – –

•

Guaranteed 24 MW supply agreement Reduced overhead, equipment and assembly costs Higher cost per watt margins on each panel installed

Partnership gives IX Energy a direct pipeline to government and military contracts – –

UNICOR provides logistics, engineering, packaging, a 20 year warranty and a federal ID number UNICOR will also provide interest free accounts receivable financing 

7

UNICOR – Federal Prison Industries, Inc. •

UNICOR’s Electronics & Plastics group has facilities across the country – – –

Discussions underway regarding expansion of solar module manufacturing into additional factories Possible to expand UNICOR annual supply from 24MW in 2009 to 74MW by Q1 2010 Could expand manufacturing beyond solar modules to include additional technologies

8

Increasing Focus on Renewable Solutions •

In 2000, renewable venture capital was 0.6% of the total venture capital invested  globally; by 2007, renewables had risen to 9.1%

•

Total clean energy investment annualized growth: 165% since 2004 –

•

Many areas within clean energy continue to demonstrate strong growth  – –

•

Includes venture capital, private equity, public markets, government and corporate R&D, asset  finance and small scale projects

U.S. installed wind capacity trails only Germany Solar, geothermal and biofuels firms have raised significant expansion capital

The clean tech sector is driven by several compelling factors – – – –

Government incentives (tax credits, grants, rebates, loan guarantees, RPS) Low operational costs post‐installation Greenhouse gas concerns; green marketability Energy security concerns

9

Growth of Solar Energy Markets •

Worldwide photovoltaic installations increased to 2.8 GW in 2007, an increase of  62% year‐over‐year, generating $17.2 billion in revenues (Solarbuzz, Clean Edge)

•

PV revenue is expected to increase to $74 billion by 2017 (Clean Edge 2008)

•

From 2008 until 2020, installed global solar capacity is expected to grow 30‐35%  per year, from 10 GW today to 200 GW (The McKinsey Quarterly)

•

Solar project investment in 2007 was $5.9 billion, while solar companies raised  $6.5 billion in new equity via public and private markets (New Energy Finance) 

10

U.S. Federal Mandates & Stimulus • •

New regulations and policies mandate that the federal government increase its  use of renewable energy and energy efficiency technologies Energy Policy Act of 2005 (EPACT) – –

•

Executive Order 13423 –

•

3% or more energy consumption from renewable sources from 2007 through 2009 5% or more in 2010 through 2012; 7.5% or more by 2013 Federal agencies must improve energy efficiency and reduce GHG emissions by 3% annually through  2015 or by 15% by 2015, relative to their energy use and emissions in 2003

2008 Rescue Package – – –

Extended tax credits for eight years; 30% tax credit for commercial solar installations Removed a ban against utilities taking advantage of the tax credit Interest on financing renewable energy projects is tax deductible 2009 Stimulus Bill Green electricity supply Energy efficiency Clean transportation Total stimulus

$33 BN $27 BN $19 BN $79 BN 11

U.S. Federal Opportunity •

The federal government used ~1.6% (or $17.4 billion) of the total U.S. energy  market in 2007; single largest user of energy in the world

•

Of this $17.4 billion, federal buildings used 32% of the energy; electricity  comprised ~50% of all building energy use –

•

The government operates over 476,000 facilities (~3 billion square feet)

Federal renewable energy use currently at ~28,000 MWH (4.9% of total) –

EPACT of 2005 will require federal buildings to be 7.5% compliant by 2013, or a projected increase to  42,000 MWH (50% increase over current levels)

Source: Booz Allen Hamilton

12

U.S. Federal Opportunity •

Focus on agencies that consume the highest amounts of electricity and rank the  lowest on meeting compliance standards set by EPACT 2005 –

•

Department of Defense – –

•

Interest in achieving greater gains in pursuit of 2013 standard of 7.5% of energy from renewables Granted the largest budget of all agencies ($350 million) to invest in R&D in renewable projects

U.S. Postal Service – –

•

Identify agencies with the most to gain by adopting renewable energy initiatives and programs

Ranks lowest in meeting EPACT directive; less than 1% of energy comes from renewables Sustainability Office is beginning to engage in renewable energy initiatives

Other attractive agencies include: –

Dept. of Energy, Dept. of Justice, Veterans Affairs, and NASA

Source: Booz Allen Hamilton

13

U.S. Commercial Opportunity •

Economics of domestic electricity markets are increasingly supportive of  renewable energy projects at the commercial scale

•

Attractive incentives at both the federal and state levels – –

Federal tax credits, accelerated depreciation, rebates, grants, loan guarantees, CREBs RPS in over 30 states; state government and utilities participating in clean energy incentive  structures

•

Commercial/utility scale solar systems are currently economically competitive with  grid electricity prices in many areas (Dept. of Energy)

•

Both residential and commercial systems will be less expensive than grid  electricity by 2010, assuming that the 4.7% annual inflationary growth rate of  average U.S. electricity prices continues (Dept. of Energy)

•

Increasing awareness of benefits of clean energy (cost savings, image, etc.) 14

Challenges Facing Customers •

Both government and commercial customers face a series of challenges when  contemplating the design, financing and installation of renewable energy solutions

•

Primary challenges include: – – – – – – –

•

On‐site generation requires capital investment Appropriations may not meet the investment requirements to satisfy mandates Renewable energy is new to most government and commercial customers New renewable technologies can be difficult to understand Geography and climate impact economic viability and the selection of renewable energy solutions Renewable energy contracting requirements are non‐standard and often complex Most federal contractors have little or no experience installing renewable energy systems

Customers across the government agency and commercial sectors need a  renewable energy partner who can design and deliver turnkey solutions

15

IX Energy Solutions •

Industry experience and background to solve complexities – – – – – – –

• •

Knowledge of federal, state and local government requirements Partner with SDVOSB, 8(a) contractors and commercial partners and able to  deliver government manufactured and guaranteed products – –

•

Technology evaluation and feasibility studies Economic impact and analysis System design, engineering and integration Facilities audits and upgrades Project execution Structured finance Operations and maintenance

20 year federal warranty on solar panels “Made in the U.S.A.”

Acquire technologies to deliver fully integrated renewable energy solutions – Solar, solar thermal, BIPV, geothermal, wind, biomass, energy efficiency upgrades

Competition •

A few key players offer generic modules and specific products –

•

Larger manufacturing companies such as Sharp, Sanyo, Mitsubishi, Kyocera and BP Solar are  beginning to lose market share to new large scale manufacturers

Evergreen Solar, SunPower and Suntech have large manufacturing plants, long‐ term contracts for silicon supply and continue to grow their production lines –

Because these companies are publicly traded, have large sunk costs in manufacturing equipment  and long‐term supply commitments, they are less resilient to market fluctuations Evergreen Solar

SunPower

Suntech

IX Energy

1 GW Annual Capacity

250 MW Annual  Capacity

300 MW Annual  Capacity online with 4  plants in development

40 MW Annual  Capacity

US Based Company  Malboro, MA

US Based Company  San Jose, CA

China based with all  Production in China

German and  Taiwanese cell  manufacturers

Manufacturing in  Germany and  Malboro, MA

Manufacturing in  Philippines

#3 Module  Manufacturer in the  World in 2006

U.S. Government

PTA/ Integrator

PTA/ Integrator

PTA/ Integrator

Direct  End  Users

PTA/  Integrator

17

Turnkey Solutions in a Favorable Climate •

IX Energy provides end‐to‐end, scalable renewable energy solutions –

•

Innovative financial structuring plays a critical role in the design of any renewable system

Changing market dynamics are producing attractive financing opportunities – – –

Falling equipment costs and lower mark‐ups Extension of Investment Tax Credit, DOE loan guarantee program and grants from Treasury Lenders more familiar with financing options for renewable energy systems

Tax Equity 25%

Credit 75%

Tax Credit 30% Credit 50% Sub Debt /  Equity 20%

18

Financing Solutions •

IX Energy’s structured finance team can tailor packages specific to client needs – –

•

Leasing solutions to fund the capital cost of a renewable energy system – –

•

Provide guidance towards securing government rebates and grants and maximizing the value of tax  incentives and Renewable Energy Credits  Help clients develop the most attractive financing package

By matching lease payments to the energy savings and tax benefits generated by the system, the  lease term can be as short as 5‐7 years, thus minimizing interest expense Clients achieve ownership at lease end and gain significant cost savings over the life of the system

Provide Power Purchase Agreements (PPAs) for clients who do not want to make  the initial capital outlay associated with a new system –

Popular financing alternative in current financial climate

19

Power Purchase Agreement (PPA) •

Agreement between a financier and the building owner (host) by which the  financier builds, owns, and operates the system and sells the power to the host – –

•

Financier benefits and responsibilities: – – – – –

•

In most cases no cash outlay is required from the host System maintenance and operation are the responsibility of the power provider

Designs, finances and installs the entire system Owns and operates the system; responsible for maintenance Maintains tax benefits and renewable energy attributes Guarantees power performance Bills host based on monthly power production

Host benefits and responsibilities: – – – –

No upfront capital costs or expenses going forward Hedges portion of electricity cost over a period of 15‐25 years Only pays for power produced, typically at a discount to local utility rates Buyout option available during life of the contract 20

Power Purchase Agreement (PPA) 1 month

2 months

3 months

Survey site and Survey site and sign letter of intent sign letter of intent System design System design and development and development Applications submitted  Applications submitted  for rebates/grants for rebates/grants PPA contract signed by  PPA contract signed by  developer and host developer and host Project investment  Project investment  approval process approval process Project design and  Project design and  timeline confirmed timeline confirmed Construction and  Construction and  permitting permitting System commissioned  System commissioned  and funded and funded 21

IX Energy Growth 2011 2011 2010 2010 2009 2009 2008 2008 2007 2007 2006 2006 • IX Energy  launch • IX Energy  federal  partnership

• Launch of 50  MW module  fabrication  factory • Obtained UL,  IEC, TUV  certifications

• Completed  reverse merger • Added key  senior staff and  board members

• Teaming  agreement with  Legatus6 • Start to  produce and sell  modules

• Launch IX  Energy Fund I

• Plan to reach  1.4 GW each in  ingot/wafer/cell /module  capacity

• Plan to reach  400 MW each in  ingot/wafer/cell /module  capacity

• Complete  follow‐on  financing round • Reach 200  MW each in  ingot/wafer/cell /module  capacity 22

Financial Summary

23

Management Team •

Steve Hoffmann, Founder & Chief Executive Officer: Steve Hoffmann is the founder and CEO of IX Energy responsible for all areas of  company direction, finance, managing capital and investor stockholder relations. Steve's entrepreneurial leadership experience and  expertise in areas of energy, industrial sales, HVAC systems, Automation, and Energy Management Systems lead him to founding IX  Energy Inc. Steve's knowledge in demand reduction, energy systems and integration of solar and wind technologies has been utilized by  Architects and Engineering Firms in designing some of largest projects for renewable energy on the East Coast. Prior to creating IX  Energy Steve had served as a consultant in areas of Business development for fortune 1000 Co. He has also held a positions as National  Sales Management with Solar Integrated Technologies roofing co., in 2003 he was awarded a Grant Program in NJ with Direct Global Power, to create a certified accredited PV training programs. Prior to entering the energy services sector, Mr. Hoffmann spent ten years  in industrial supply and distribution with a company recently acquired by Control Associates. Mr. Hoffmann holds a Bachelor Degree in  Business from the University of Massachusetts, and Associates in specialized engineering.

•

Karen Morgan, President: Ms. Morgan has over fifteen years of corporate development and executive experience working with  development stage companies in renewable energy, finance and information technology. Prior to joining IX Energy Karen founded  Generating Assets, LLC, a solar project finance company and later, sold it to Envision Solar International, Inc. and became President.  Karen is a former managing member of GlobalNet Partners, an international advisory and consulting firm. While at GlobalNet she  created an energy solutions subsidiary, and consulted with private companies and utilities in several countries, including developing and  implementing an energy savings plan for an airport in eastern Europe. While at GlobalNet Karen lead a team of experts in energy  efficiency and renewable energy and incubated a business model to deliver next generation energy solutions. Previously Karen served  as EVP & COO of CheMatch, having raised a series of institutional and strategic investments after founding and serving as CEO of PetroChemNet, an information and communications network for the global petrochemical industry. During the incubation and  development stages of PetroChemNet Karen lead and engineered the acquisition of CheMatch in a Series A/B financing, creating the first global commodity chemical exchange. In 1995 Karen founded T3 Technologies, Inc. a provider of web based‐IT services where she  incubated the PetroChemNet platform. From 1989 to 1995 Karen served as Director Communication Services and Sales executive with  SunGard Trust Systems, Inc., a division of SunGard Data Systems. Ms. Morgan graduated from Boston University with a B.A. in Biology.

24

Management Team •

William Winslow, Senior Vice President – Government Sales: Mr. Winslow leads IX Energy's sales and marketing efforts and brings  more than 20 years of experience selling into government and industry sectors. Over the years, Bill has built many high performance  sales and marketing teams and has effectively led organizations through the government procurement process. Bill is a LEED Accredited  Professional with the US Green Building Council and brings a thorough understanding of green building practices and principles that are  key to developing sustainability solutions for all IX Energy customers. Prior to joining IX Energy, Bill held executive sales and business  development positions with large corporations (GE) and technology startups in software and systems integration companies. Bill's government clients included the US Army CECOM, US Navy and Homeland Security. During his tenure as a sales professional he  developed extensive relationships with federal, state, local agencies and systems integrators. Bill also holds a B.S. in Electrical  Engineering from Pennsylvania State University.

•

Robert Kiessling, Vice President – Government Sales: Mr. Kiessling brings an accomplished record of experience in the solar industry.  At United Solar Ovonic he developed significant sales in the commercial markets as the company entered the critical period of becoming  fully commercialized. In 2005 he orchestrated the largest solar installation on a private commercial rooftop in the US. He initiated a  strategic accounts approach that led to the largest rooftop PV system in the world. He was promoted to a director's level position where  he managed efforts to serve the federal markets in addition to the commercial markets. Prior experience includes a broad range of sales  and marketing experience across several industries including positions in market development and sales with Emerson Electric. Bob  started his career with General Electric with the division now known as GE Energy in the acclaimed technical sales program. Bob  graduated from Worcester Polytechnic Institute in 1987 with a Bachelors of Science in Electrical Engineering.

•

Jamie Evans, Vice President – Finance: Mr. Evans leads IX Energy's structured finance team, providing financial strategy and modeling  to support the analysis of customer project financing requirements.  In addition, Mr. Evans works with senior management on corporate  development initiatives to help execute the company's strategic growth plan.  Mr. Evans has a strong background in business  development and investment banking.  Prior to joining IX Energy, he served at BlackRock Financial Management, Oliver Wyman and UBS  Warburg. Mr. Evans holds an MBA from Columbia Business School and graduated Cum Laude with a degree in Economics and  Environmental Science from Duke University.

25

Management Team •

George Weiner, AIA and Chief Architect: Mr. Weiner has more than 34 years experience in the energy industry, including serving as  President of GALE Associates from 1986 to 2000, and as Director of Energy Conservation for the City of New York from 1979 to 1980.  Mr. Weiner has overseen several energy conservation grant projects for schools and hospitals in addition to designing numerous RFPs  for solar projects. Mr. Weiner is a member of the AIA NY, Technology Committee and is a member of NCARB. He earned a Masters in  Architecture from M.I.T. and an M.B.A. from Pace University. 

•

Wesley Ramjeet, Interim CFO: Mr. Ramjeet is the Managing Partner of Profit Planners, Inc. with over fifteen years of business, financial  and tax advisory, experience. Profit Planners, Inc. provides interim CFO services to Public and Private Companies. Wesley is also the  Chairman of Microcap Review, a financial publisher that covers the micro cap market place. Prior to Profit Planners, Inc. Wesley was the  Chief Financial Officer of a Nasdaq traded Public Company. Wesley began his professional career in the Entrepreneurial Services Group  at Ernst and Young, LLP. During his nine years at Ernst and Young, Wesley served both private and public companies in various  industries. Wesley holds a Bachelors degree in Accounting from St. John's University and is a CPA.

26

Senior Advisory Board •

Robert Lynch Jr., Senior Board Member: Mr. Lynch has served for 25 years as President & CEO for American & Foreign Enterprises, Inc.   Past Directorships include Turner Construction Company, Dames & More Engineers, Data Broadcasting Corp, Colonia Insurance of  Germany and AXA Global Risk.

•

Dr. Alice Muntz, Vice President – International Development: Dr. Muntz has over 20 years of diversified experience in strategy,  operations, business development, product development, marketing, and mergers and acquisitions. She has served as a leader,  manager, system architect, and consultant overseeing IT systems and solutions for organizations ranging from small companies to mid  and large‐size enterprises, educational institutions, and governmental entities. She is a graduate of the University of Southern California  where she earned her M.S. and Ph.D. in Computer Science, and earned her B.E. from National Chiao‐Tung University in Taiwan; in  addition to also having completed the Executive Management Program at the Kellogg School of Business and receiving the Directors  Training Award from UCLA.

•

Steve Schlesinger: Mr. Schlesinger is currently President and CEO of Schlesinger Associates a $120 million marketing and research  company with 13 locations nationally and internationally. Schlesinger Associates acquired London‐based The Research House Ltd in  January 2006. Schlesinger Associates and The Research House were recognized as worldwide top‐rated viewing facilities by the 2007  Impulse Survey of Focus Facilities. Schlesinger Associates has provided data collection services that help companies understand their  potential influences in the marketplace.

•

Plamen Tsolov, CFA: Mr. Tsolov is Vice President of State Street Corp in Boston. He has over 10 years experience in the financial  investment industry, managing institutional investment accounts for Citigroup, Smith Barney and John Hancock Fund.

•

Dan Smitz: Mr. Smitz is a Systems Design Engineer and has worked with Ames Rubber Corp. for 15 years.  His expertise is in automation  design, adhesives and material integration. He is assisting IX Energy with BIPV applications.

27

Sample Design Layout

28

Sample Design Layout

29

Sample Design Layout

30

Contact Information IX Energy  711 Third Avenue – 12th Floor New York, NY 10017 Tel: (212) 682‐5068 Fax: (212) 682‐5117 www.ixenergy.com

Executive Management Team Steve Hoffmann  Founder & CEO  Tel: (212) 682‐5068 Cell: (908) 358‐7662  [email protected]

Karen Morgan  President Tel: (212) 682‐5068 Cell: (203) 252‐1654 [email protected] 31

Meeting Your Energy Needs… Making Renewable Energy Work For You

Solutions Ready to Meet Your Energy Challenges Renewable energy is a new challenge for almost every contracting officer, energy manager and facilities owner in the federal government. Which renewable energy classification—solar, geothermal, or wind—works best for my building? For my geographic location? Which new technology innovation will work reliably? How will the system perform and be maintained over time? Consider the challenges: ■ On-site

generation requires capital investment.

■ Appropriations

requests do not satisfy the investment requirements to satisfy the mandate.

■ Renewable

renewable technologies can be difficult to understand. conditions affect renewable energy type.

■ Geography

energy contracting requirements appear to be new, non-standard and more complex.

■ Most

federal contractors have little or no experience installing renewable energy systems.

energy is new to the team.

■ New

■ Site

■ Renewable

and climate affect the economic viability as well as the choice of best renewable energy type.

IX Energy has the experience and background to solve the complex aspects of technology evaluation, economic impact, system engineering, system integration, project execution, financing and more. We understand federal customers and can provide them with the systems and solutions they need to meet renewable energy requirements while reducing costs and their environmental impact.

IX Energy

We Provide

Renewable, Sustainable and Secure Energy Saving Plans We have taken our leadership in private-sector applications of renewable energy and customized that experience to serve the federal government. IX Energy’s core business is delivering complete “turn-key” renewable energy solutions for federal government agencies. We provide: ■ Complete

Project Management

■ Renewable

■ Customized

Technology Solutions

■ Financing

■ Engineering

Analysis and Services

■ Facility

■ Renewable ■ Federal

Energy Systems Design

Contracting Network

Energy Expertise

Solutions

Enhancements and Upgrades

■ Installation ■ Operations

and Maintenance

Our comprehensive program in renewable energy distinguishes IX Energy from the traditional energy services model. We have harnessed reliable renewable energy products, engineering capability, financing solutions and federal contracting experience to create optimal solutions designed to meet the site and budget specifications of federal government agencies. We work with high-quality organizations, including GE, Legatus6, UNICOR, Kyocera, BP, Schott, Uni-Solar, Xantrex and SatCon. This unique combination of renewable energy expertise with federal government experience sets IX Energy apart.

Federal Government Agencies with Turn-Key Renewable Energy Solutions

IX Energy offers a number of alternative renewable solutions, including: ■ Solar:

Photovoltaic (PV) systems converting sunlight into electricity by using cells comprised of semi-conductor materials

■ BIPV:

Building Integrated Photovoltaic Systems (IX Energy Solar Proof)

■ Wind:

Wind turbines harness the wind to generate electricity

■ Solar

Thermal (CSP): Using the latest in solar thermal or combination systems incorporating photovoltaic, thermal and heating

■ Energy

Upgrade: Energy audit and energy consulting

Meeting Federal Government Renewable Energy Guidelines IX Energy is ready to provide you with the expertise and guidance to help meet new federal agency renewable energy guidelines. Renewable energy technologies are changing and proving more difficult to implement. A number of agencies are still seeking effective, practical solutions to meet their 2009 alternative energy requirements that will allow them to better prepare for 2013 when requirements will become more stringent. EPACT ’05 and Executive Order 13423 mandate new requirements. 3% of a federal building’s energy load is required to be produced by renewable energy by the end of fiscal 2009; this increases to 7.5% by 2013. Federal reporting shows that most agency sites have not achieved EPACT renewable energy goals. Annually increasing requirements only compound the problem. IX Energy Team How does an agency contract to obtain the expertise required for on-site renewable energy generation while utilizing quality federal contractors? The answer lies with the IX Energy team, Legatus6 and UNICOR. Legatus6 Legatus6 executives leverage years of experience in federal contracting to serve agencies through the installation, management, operations and maintenance of renewable energy systems. Legatus6 is a service disabled veteran owned small business (SDVOSB). Its past performance includes: The U.S. Army, National Institutes of Health, Nuclear Regulatory Commission and Department of Homeland Security. Its capabilities include support to intelligence agencies, program management, logistics and material supply and management consulting. With IX Energy, Legatus6 will deliver quality renewable energy solutions, making the challenges of on-site renewable generation simple to solve. UNICOR UNICOR is a wholly-owned corporation of the U.S. Government and a maker of sophisticated electronics and electrical products for the U.S. military, Department of Homeland Security and other federal agencies. UNICOR has stepped in to fill the vital need for PV modules for solar panel installations. Using leading-edge equipment and a highly skilled workforce, UNICOR’s Electronics Business Group produces PV modules with sophisticated, precision manufacturing techniques and proven materials. IX Energy…Renewable Solutions for the Federal Government We’re committed to playing a pivotal role supporting federal government agencies in developing and installing renewable energy programs on schedule and within their budget parameters.

Meeting Your Energy Needs… Making Renewable Energy Work For You

www.ixenergy.com

Washington, DC 400 First Street NW, 6th Floor Washington, DC 20534

New York, NY 711 Third Avenue, 12th Floor New York, NY 10017

William J. Winslow, LEED A.P. Senior Vice President Government Sales Office: (202) 305-7298 Cell: (703) 675-3829

Valerie Raigorodskaia Marketing Manager Office: (212) 682-5068 Fax: (212) 682-5117

Robert Kiessling Vice President Government Sales Office: (202) 305-7298 Cell: (248) 495-2437

E Printed on Recycled Paper

Steve Hoffmann, Chairman & CEO Steve Hoffmann is the founder and CEO of IX Energy responsible for all areas of company direction, finance, managing capital and investor stockholder relations. Steve's entrepreneurial leadership experience and expertise in areas of energy, industrial sales, HVAC systems, Automation, and Energy Management Systems lead him to founding IX Energy Inc. Steve's knowledge in demand reduction, energy systems and integration of solar and wind technologies has been utilized by Architects and Engineering Firms in designing some of largest projects for renewable energy on the East Coast. Prior to creating IX Energy Steve had served as a consultant in areas of Business development for fortune 1000 Co. He has also held a positions as National Sales Management with Solar Integrated Technologies roofing co., in 2003 he was awarded a Grant Program in NJ with Direct Global Power, to create a certified accredited PV training programs. Prior to entering the energy services sector, Mr. Hoffmann spent ten years in industrial supply and distribution with a company recently acquired by Control Associates. Mr. Hoffmann holds a Bachelor Degree in Business from the University of Massachusetts, and Associates in specialized engineering.

Karen Morgan, President Ms. Morgan brings more than 15 years of corporate development and executive experience to the IX Energy management team, with development state companies in renewable energy, finance and information technology. Prior to joining IX Energy, Karen founded Generating Assets, LLC, a solar project finance company, which she sold to Envision Solar International, Inc., and joined as President. She also served as managing member of GlobalNet Partners, an international advisory firm providing energy consulting solutions for private companies and utilities internationally. There she led a team of experts in energy efficiency and renewable energy, incubating a business model to deliver next generation energy solutions.Previously she was the founder & CEO of PetroChemNet Holdings Inc., the first information and communications network for the global petrochemicals market, where she acquired CheMatch to create the first global commodity chemical exchange and served as EVP & COO. Ms. Morgan graduated from Boston University with a B.A. in Biology.

William J. Winslow, Senior Vice President Government Sales Bill Winslow leads IX Energy's sales and marketing efforts and brings more than 20 years of experience selling into government and industry sectors. Over the years, Bill has built many high performance sales and marketing teams and has effectively led organizations through the government procurement process. Bill is a LEED Accredited Professional with the US Green Building Council and brings a thorough understanding of green building practices and principles that are key to developing sustainability solutions for all IX Energy customers. Prior to joining IX Energy, Bill held executive sales and business development positions with large corporations (GE) and technology startups in software and systems integration companies. Bill's government clients included the US Army CECOM, US Navy and Homeland Security. During his tenure as a sales professional he developed extensive relationships with federal, state, local agencies and systems integratiors. Bill also holds a B.S. in Electrical Engineering from Pennsylvania State University.

Bob Kiessling, Vice President Government Sales Robert Kiessling brings an accomplished record of experience in the solar industry. At United Solar Ovonic he developed significant sales in the commercial markets as the company entered the critical period of becoming fully commercialized. In 2005 he orchestrated the largest solar installation on a private commercial rooftop in the US. He initiated a strategic accounts approach that led to the largest rooftop PV system in the world. He was promoted to a director's level position where he managed efforts to serve the federal markets in addition to the commercial markets. Prior experience includes a broad range of sales and marketing experience across several industries including positions in market development and sales with Emerson Electric. Bob started his career with General Electric with the division now known as GE Energy in the acclaimed technical sales program. Bob graduated from Worcester Polytechnic Institute in 1987 with a Bachelors of Science in Electrical Engineering.

Wesley Ramjeet, Interim CFO Wesley Ramjeet is the Managing Partner of Profit Planners, Inc. with over fifteen years of business, financial and tax advisory, experience. Profit Planners, Inc. provides interim CFO services to Public and Private Companies. Wesley is also the Chairman of Microcap Review, a financial publisher that covers the micro cap market place. Prior to Profit Planners, Inc. Wesley was the Chief Financial Officer of a Nasdaq traded Public Company. Wesley began his professional career in the Entrepreneurial Services Group at Ernst and Young, LLP. During his nine years at Ernst and Young, Wesley served both private and public companies in various industries. Wesley holds a Bachelors degree in Accounting from St. John's University and is a CPA.

Jamie Evans

leads IX Energy's structured finance team, providing financial strategy and modeling to support the analysis of customer project financing requirements. In addition, Mr. Evans works with senior management on corporate development initiatives to help execute the company's strategic growth plan. Mr. Evans has a strong background in business development and investment banking. Prior to joining IX Energy, he served at BlackRock Financial Management, Oliver Wyman and UBS Warburg. Mr. Evans holds an MBA from Columbia Business School and graduated Cum Laude with a degree in Economics and Environmental Science from Duke University.

George Weiner, AIA and Chief Technology Officer

Mr. Weiner has more than 34 years experience in the energy industry, including serving as President of GALE Associates from 1986 to 2000, and as Director of Energy Conservation for the City of New York from 1979 to 1980. Mr. Weiner has overseen numerous energy conservation grant projects for schools and hospitals in addition to designing numerous solar projects. Mr. Weiner has been a member of the AIA NY Technology Committee and a member of NCARB. He earned a Masters in Architecture from M.I.T. and an M.B.A. from Pace University.

SEC Filings

U. S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ⌧

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal quarter ended September 30, 2008 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 333-151381 YOO INC. (Name of small business issuer as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization)

36-4620445 (I.R.S. Employer Identification No.)

45 Or Hachaim St. Bnei Brak, Israel, 51527 _____________________________________________________________________ (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code:

(011) (972)-3-977-0201 _______________

Indicate by check whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 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 ⌧ 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. (Check one): Large accelerated filer company ⌧

Accelerated filer

Non-accelerated filer

Smaller reporting

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

NO

The issuer had 6,000,000 shares of its common stock issued and outstanding as of November 4, 2008.

Available Information Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports that we file with the Securities and Exchange Commission, or SEC, are available at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operation of the public reference room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website at www.sec.gov that contains reports, proxy, and information statements and other information regarding reporting companies. TABLE OF CONTENTS Page ITEM 1. ITEM 2. ITEM 3. ITEM 4.

ITEM 1. ITEM 1A. ITEM 2. ITEM 3. ITEM 4. ITEM 5. ITEM 6.

PART I Financial Statements Management’s Discussion and Analysis of Financial Condition and Results of Operations Quantitative and Qualitative Disclosures about Market Risk Controls and Procedures

3 12 13 13

PART II Legal Proceedings Risk Factors Unregistered Sales of Equity Securities and Use of Proceeds Quantitative and Qualitative Disclosures about Market Risk Submission of Matters to a Vote of Security Holders Other Information Exhibits

14 14 14 14 14 14 15

Cautionary Statement Concerning Forward-Looking Statements USE OF NAMES In this quarterly report, the terms “Yoo Inc.,” “Company,” “we,” or “our,” unless the context otherwise requires, mean Yoo Inc. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and other reports that we file with the SEC contain statements that are considered forward-looking statements. Forward-looking statements give the Company’s current expectations, plans, objectives, assumptions, or forecasts of future events. All statements other than statements of current or historical fact contained in this annual report, including statements regarding the Company’s future financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “estimate,” “plans,” “potential,” “projects,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” and similar expressions. These statements are based on the Company’s current plans and are subject to risks and uncertainties, and as such the Company’s actual future activities and results of operations may be materially different from those set forth in the forward looking statements. Any or all of the forward-looking statements in this annual report may turn out to be inaccurate and as such, you should not place undue reliance on these forward-looking statements. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. The forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks, uncertainties, and assumptions due to a number of factors, including: dependence on key personnel; competitive factors;

degree of success of research and development programs the operation of our business; and general economic conditions in the United States and Israel. These forward-looking statements speak only as of the date on which they are made, and except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this Quarterly Report. 2

PART I Item 1. Financial Statements. YOO INC. (A DEVELOPMENT STAGE COMPANY) BALANCE SHEETS (NOTE 2) AS OF SEPTEMBER 30, 2008 AND DECEMBER 31, 2007 (Unaudited) September 30, 2008 (Unaudited)

December 31, 2007 (Audited)

$

$

ASSETS Current Assets: Cash in bank Total current assets Total Assets

11,706 11,706

3,000 3,000

$

11,706

$

3,000

$

24,805

$

-

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable and accrued liabilities Total current liabilities

24,805

-

Total liabilities

24,805

-

-

-

600

400

Commitments and Contingencies Stockholders' Equity (Deficit): ommon stock, par value $0.0001 per share, 100,000,000 shares authorized; 6,000,000 and

4,000,000 shares issued and outstanding respectively Additional paid-in capital Stock subscriptions receivable Paid subscriptions (Deficit) accumulated during development stage

49,800 (400) (63,099)

(400) 3,000 -

Total stockholders' equity (deficit)

(13,099)

3,000

$

Total Liabilities and Stockholders' Equity (Deficit)

11,706

$

3,000

The accompanying notes to financial statements are an integral part of these statements. 3

YOO INC. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF OPERATIONS (NOTE 2) FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2008, AND CUMULATIVE FROM INCEPTION (OCTOBER 31, 2007) THROUGH SEPTEMBER 30, 2008 (Unaudited)

Revenues

Three Months Ended September 30, 2008

Nine Months Ended September 30, 2008

$

$

-

-

Cumulative From Inception $

-

Expenses: General and administrativeProfessional fees Consulting Organization Costs Bank Charges

8,383 16,940 115

45,305 16,940 481 373

45,305 16,940 481 373

Total general and administrative expenses

25,438

63,099

63,099

(25,438)

(63,099)

(63,099)

(Loss) from Operations Other Income (Expense)

-

-

-

Provision for income taxes

-

-

-

Net (Loss)

$

(25,438) $

(Loss) Per Common Share: (Loss) per common share - Basic and Diluted

$

(0.00) $

(63,099) $

(0.01)

(63,099)

Weighted Average Number of Common Shares Outstanding - Basic and Diluted

6,000,000

5,773,285

The accompanying notes to financial statements are an integral part of these statements. 4

YOO INC. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF CASH FLOWS (NOTE 2) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND CUMULATIVE FROM INCEPTION (OCTOBER 31, 2007) THROUGH SEPTEMBER 30, 2008 (Unaudited) Nine Months Ended September 30, 2008 Operating Activities: Net (loss) Adjustments to reconcile net (loss) to net cash provided by operating activities: hanges in net liabilities-

$

Cumulative From Inception

(63,099) $

(63,099)

24,805

24,805

(38,294)

(38,294)

Accounts payable and accrued liabilites Net Cash Used in Operating Activities Investing Activities: Cash provided by investing activities

-

-

Net Cash Provided by Investing Activities

-

-

Financing Activities: Issuance of common stock for cash

47,000

50,000

Net Cash Provided by Financing Activities

47,000

50,000

Net (Decrease) Increase in Cash

8,706

11,706

Cash - Beginning of Period

3,000

-

Cash - End of Period

$

11,706

$

11,706

Supplemental Disclosure of Cash Flow Information: Cash paid during the period for: Interest

$

-

$

-

Income taxes

$

-

$

-

Supplemental schedule of non-cash investing and financing activities: On November 14, 2007, the Company issued 2,700,000 shares of common stock for payment due from an officer of the Company in the amount of $270. On November 19, 2007, the Company issued 1,100,000 shares of common stock for payment due from an officer of the Company in the amount of $110. On November 20, 2007, the Company issued 200,000 shares of common stock for payment due from an officer of the Company in the amount of $20. The accompanying notes to financial statements are an integral part of these statements. 5

YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) 1. Summary of Significant Accounting Policies Basis of Presentation and Organization YOO Inc. (the “Company”) is a Delaware corporation in the development stage, and has commenced limited operations. The Company was incorporated under the laws of the State of Delaware on October 31, 2007. The proposed business plan of the Company is to establish the Company as a distributor in Israel of a natural energy drink derived from coconut water. The accompanying financial statements of the Company were prepared from the accounts of the Company under the accrual basis of accounting. On November 14, 2007, pursuant to the terms of a subscription agreement, the Company sold 2,700,000 shares of common stock to Mr. Zvi Pessahc Frank, President, for payment due in the amount of $270 (par value). On November 19, 2007, pursuant to the terms of a subscription agreement, the Company sold 1,100,000 shares of common stock to Mr. Moshe Nachum Bergshtein, Secretary Treasurer, for payment due in the amount of $110 (par value). On November 20, 2007, pursuant to the terms of a subscription agreement, the Company sold 200,000 shares of common stock to Mr. Ivo Everss, Treasurer, for payment due in the amount of $20 (par value). Mr. Everss resigned from the positions of Treasurer and Director on March 26, 2008. In addition, on December 10, 2007, the Company began a capital formation activity through a PPO, exempt from registration under the Securities Act of 1933, to raise up to $50,000 through the issuance of 2,000,000 shares of its common stock, par value $0.0001 per share, at an offering price of $0.025 per share. As of January 25, 2008, the Company had fully subscribed the PPO and raised $50,000 in proceeds with the issuance of 2,000,000 shares of its common stock. The Company commenced an activity to submit a Registration Statement on Form S-1 to the Securities and Exchange Commission (“SEC”) to register 2,000,000 of its outstanding shares of common stock on behalf of selling stockholders. The Company will not receive any of the proceeds of this registration activity once the shares of common stock are sold. The Registration Statement on Form S-1 was filed with the SEC on June 3, 2008, and declared effective on June 18, 2008. Unaudited Interim Financial Statements

The interim financial statements of the Company as of September 30, 2008, and for the nine months ended September 30, 2008 and cumulative from inception, are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position as of September 30, 2008, and the results of its operations and its cash flows for the nine months ended September 30, 2008, and cumulative from inception. These results are not necessarily indicative of the results expected for the calendar year ending December 31, 2008. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the audited financial statements of the Company as of April 30, 2008, in its Registration Statement on Form S-1 filed with the SEC for additional information, including significant accounting policies. Cash and Cash Equivalents For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. 6

YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) Revenue Recognition The Company is in the development stage and has yet to realize revenues from operations. Once the Company has commenced full operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable. Loss per Common Share Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no dilutive financial instruments issued or outstanding for the period ended September 30, 2008. Income Taxes The Company accounts for income taxes pursuant to SFAS No. 109, “ Accounting for Income Taxes” (“SFAS No. 109”). Under SFAS No. 109, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. Fair Value of Financial Instruments

The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange. As of September 30, 2008 and December 31, 2007, the carrying value of accounts payable-trade and accrued liabilities approximated fair value due to the short-term nature and maturity of these instruments. Deferred Offering Costs The Company defers as other assets the direct incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering, the costs are charged against the capital raised. Should the offering be terminated, deferred offering costs are charged to operations during the period in which the offering is terminated. Concentration of Risk As of September 30, 2008 and December 31, 2007, the Company maintained its cash account at one commercial bank. The balance in the account was subject to FDIC coverage. 7

YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) Common Stock Registration Expenses The Company considers incremental costs and expenses related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand, to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses are reflected in the accompanying financial statements as general and administrative expenses, and are expensed as incurred. Lease Obligations All noncancellable leases with an initial term greater than one year are categorized as either capital leases or operating leases. Assets recorded under capital leases are amortized according to the methods employed for property and equipment or over the term of the related lease, if shorter. Estimates The financial statements are prepared on the basis of accounting principles generally accepted in the United States. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of September 30, 2008 and December 31, 2007, and expenses for the period ended September 30, 2008 and December 31, 2007, and cumulative from inception. Actual results could differ from those estimates made by management. Fiscal Year End The Company has adopted a fiscal year end of December 31. 2. Development Stage Activities and Going Concern The Company is currently in the development stage, and has commenced limited operations. The business plan of the Company is to establish the Company as a distributor in Israel of a natural energy drink derived from coconut water.

During the period ended December 31, 2007, the Company began a capital formation activity through a PPO, exempt from registration under the Securities Act of 1933, to raise up to $50,000 through the issuance of 2,000,000 shares of its common stock, par value $0.0001 per share, at an offering price of $0.025 per share. As of January 25, 2008, the Company had fully subscribed the PPO and raised $50,000 in proceeds with the issuance of 2,000,000 shares of its common stock. The Company also commenced an activity to submit a Registration Statement on Form S-1 to the Securities and Exchange Commission (“SEC”) to register 2,000,000 of its outstanding shares of common stock on behalf of selling stockholders. The Company will not receive any of the proceeds of this registration activity once the shares of common stock are sold . The Registration Statement on Form S-1 was filed with the SEC on June 3, 2008, and declared effective on June 18, 2008. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern. The Company has not established any source of revenues to cover its operating costs, and as such, has incurred an operating loss since inception. Further, as of September 30, 2008 and December 31, 2007, the cash resources of the Company were insufficient to meet its current business plan. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. 8

YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) 3. Common Stock On November 14, 2007, pursuant to the terms of a subscription agreement, the Company sold 2,700,000 shares of common stock to Mr. Zvi Pessahc Frank, President, for payment due in the amount of $270 (par value). On November 19, 2007, pursuant to the terms of a subscription agreement, the Company sold 1,100,000 shares of common stock to Mr. Moshe Nachum Bergshtein, Secretary Treasurer, for payment due in the amount of $110 (par value). On November 20, 2007, pursuant to the terms of a subscription agreement, the Company sold 200,000 shares of common stock to Mr. Ivo Everss, Treasurer, for payment due in the amount of $20 (par value). Mr. Everss resigned from the positions of Treasurer and Director on March 26, 2008. In addition, on December 10, 2007, the Company began a capital formation activity through a PPO, exempt from registration under the Securities Act of 1933, to raise up to $50,000 through the issuance of 2,000,000 shares of its common stock, par value $0.0001 per share, at an offering price of $0.025 per share. As of January 25, 2008, the Company had fully subscribed the PPO and raised $50,000 in proceeds with the issuance of 2,000,000 shares of its common stock. The Company also commenced an activity to submit a Registration Statement on Form S-1 to the Securities and Exchange Commission (“SEC”) to register 2,000,000 of its outstanding shares of common stock on behalf of selling stockholders. The Company will not receive any of the proceeds of this registration activity once the shares of common stock are sold. The Registration Statement on Form S-1 was filed with the SEC on June 3, 2008, and declared effective on June 18, 2008. 4. Income Taxes The provision (benefit) for income taxes for the period ended September 30, 2008 and December 31, 2007, was as follows (assuming a 23% effective tax rate): 2008

2007

Current Tax Provision: FederalTaxable income

$

—

$

—

Total current tax provision

$

—

$

—

$

14,513 $ (14,513)

-

$

—

Deferred Tax Provision: FederalLoss carryforwards Change in valuation allowance Total deferred tax provision

$

—

The Company had deferred income tax assets as of September 30, 2008 and December 31, 2007, as follows: 2008

2007

Loss carryforwards Less - Valuation allowance

$

14,513 $ (14,513)

Total net deferred tax assets

$

—

$

—

9

YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) The Company provided a valuation allowance equal to the deferred income tax assets for the periods ended September 30, 2008 and December 31, 2007 because it is not presently known whether future taxable income will be sufficient to utilize the loss carry-forwards. As of September 30, 2008, the Company had approximately $63,099 in tax loss carry-forwards that can be utilized in future periods to reduce taxable income, and expire in the year 2028. 5. Related Party Transactions On November 14, 2007, pursuant to the terms of a subscription agreement, the Company sold 2,700,000 shares of common stock to Mr. Zvi Pessahc Frank, President, for payment due in the amount of $270 (par value). On November 19, 2007, pursuant to the terms of a subscription agreement, the Company sold 1,100,000 shares of common stock to Mr. Moshe Nachum Bergshtein, Secretary Treasurer, for payment due in the amount of $110 (par value). On November 20, 2007, pursuant to the terms of a subscription agreement, the Company sold 200,000 shares of common stock to Mr. Ivo Everss, Treasurer, for payment due in the amount of $20 (par value). Mr. Everss resigned from the positions of Treasurer and Director on March 26, 2008. 6. Commitments and Contingencies On July 21, 2008, the Company entered into a Transfer Agent Agreement with Island Capital Management, LLC dba Island Stock Transfer (“Island Stock Transfer”). Island Stock Transfer will act as the Company’s transfer agent and provide Edgarization services for the Company. Under the Agreement, the Company agreed to pay to Island Stock Transfer initial fees

amounting to $2,000 and to issue 25,000 shares of the Company’s common stock to Island Stock Transfer. In addition, the Company agreed to pay transaction fees in accordance with the fee schedule for services of Island Stock Transfer. The Company also has the right under the Agreement to repurchase the 25,000 shares of common stock from Island Stock Transfer for a period of 12 months for $10,000. 7. Recent Accounting Pronouncements In February 2007, the FASB issued SFAS No. 159, “ The Fair Value Option for Financial Assets and Liabilities ” (“SFAS No. 159”), which permits entities to measure many financial instruments and certain other items at fair value that are not currently required to be measured at fair value. An entity would report unrealized gains and losses on items for which the fair value option had been elected in earnings at each subsequent reporting date. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. The decision about whether to elect the fair value option is applied instrument by instrument, with a few exceptions; the decision is irrevocable; and it is applied only to entire instruments and not to portions of instruments. The statement requires disclosures that facilitate comparisons (a) between entities that choose different measurement attributes for similar assets and liabilities and (b) between assets and liabilities in the financial statements of an entity that selects different measurement attributes for similar assets and liabilities. SFAS No. 159 is effective for financial statements issued for fiscal years beginning after November 15, 2007. Early adoption is permitted as of the beginning of a fiscal year provided the entity also elects to apply the provisions of SFAS No. 157. Upon implementation, an entity shall report the effect of the first re-measurement to fair value as a cumulative-effect adjustment to the opening balance of retained earnings. Since the provisions of SFAS No. 159 are applied prospectively, any potential impact will depend on the instruments selected for fair value measurement at the time of implementation. The management of the Company is of the opinion that the adoption of this new pronouncement will not have an impact on its financial statements. 10 YOO INC. (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2008 (Unaudited) In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51” (“SFAS No. 160”), which establishes accounting and reporting standards to improve the relevance, comparability, and transparency of financial information in its consolidated financial statements. This is accomplished by requiring all entities, except not-for-profit organizations, that prepare consolidated financial statements to: (a) clearly identify, label, and present ownership interests in subsidiaries held by parties other than the parent in the consolidated statement of financial position within equity, but separate from the parent’s equity; (b) clearly identify and present both the parent’s and the noncontrolling interest's attributable consolidated net income on the face of the consolidated statement of income; (c) consistently account for changes in parent’s ownership interest while the parent retains its controlling financial interest in subsidiary and for all transactions that are economically similar to be accounted for similarly; (d) measure of any gain, loss, or retained noncontrolling equity at fair value after a subsidiary is deconsolidated; and (e) provide sufficient disclosures that clearly identify and distinguish between the interests of the parent and the interests of the noncontrolling owners. This Statement also clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. SFAS No. 160 is effective for fiscal years and interim periods on or after December 15, 2008. The management of the Company does not expect the adoption of this pronouncement to have a material impact on its financial statements. In March 2008, the FASB issued FASB Statement No. 161, “Disclosures about Derivative Instruments and Hedging Activities - an amendment of FASB Statement 133” (“SFAS No. 161”). SFAS No. 161 enhances required disclosures regarding derivatives and hedging activities, including enhanced disclosures regarding how: (a) an entity uses derivative instruments; (b) derivative instruments and related hedged items are accounted for under SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities” ; and (c) derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Specifically, SFAS No. 161 requires: ● ●

Disclosure of the objectives for using derivative instruments be disclosed in terms of underlying risk and accounting designation; Disclosure of the fair values of derivative instruments and their gains and losses in a tabular format;

● ●

Disclosure of information about credit-risk-related contingent features; and Cross-reference from the derivative footnote to other footnotes in which derivative-related information is disclosed.

SFAS No. 161 is effective for fiscal years and interim periods beginning after November 15, 2008. Earlier application is encouraged. The management of the Company does not expect the adoption of this pronouncement to have a material impact on its financial statements. In May 2008, the FASB issued FASB Statement No. 162, “ The Hierarchy of Generally Accepted Accounting Principles ” (“SFAS No. 162”). SFAS No. 162 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles in the United States of America. The sources of accounting principles that are generally accepted are categorized in descending order as follows: a)

FASB Statements of Financial Accounting Standards and Interpretations, FASB Statement 133 Implementation Issues, FASB Staff Positions, and American Institute of Certified Public Accountants (AICPA) Accounting Research Bulletins and Accounting Principles Board Opinions that are not superseded by actions of the FASB.

b)

FASB Technical Bulletins and, if cleared by the FASB, AICPA Industry Audit and Accounting Guides and Statements of Position.

c)

AICPA Accounting Standards Executive Committee Practice Bulletins that have been cleared by the FASB, consensus positions of the FASB Emerging Issues Task Force (EITF), and the Topics discussed in Appendix D of EITF Abstracts (EITF D-Topics).

d)

Implementation guides (Q&As) published by the FASB staff, AICPA Accounting Interpretations, AICPA Industry Audit and Accounting Guides and Statements of Position not cleared by the FASB, and practices that are widely recognized and prevalent either generally or in the industry. 11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation . General We are a development stage company with limited operations and no revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an ongoing business for the next 12 months. We do not anticipate that we will generate significant revenues until we have commenced sales of our natural drink derived from coconut water to distributors and retailers in Israel. Accordingly, we must raise cash from sources other than our operations in order to implement our business plan. We may raise this additional capital either through debt or equity. No assurance can be given that such efforts will be successful. The Company has no specific plans at present for raising additional capital. Our Corporate History We were incorporated in the State of Delaware under the name Yoo Inc. on October 31, 2007. We are a development stage company and we have commenced only limited operations. We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings. We have not made any significant purchase or sale of assets, nor has the Company been involved in any mergers, acquisitions or consolidations. Neither we, nor our officers, Directors, promoters, or affiliates, have had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements, or understandings with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger. We plan to introduce coconut water to the energy drink market in Israel as a healthy alternative to the existing energy drinks being sold. We plan to target the health conscious consumer and promote the many health benefits associated with coconut water.

We do not currently have sufficient capital to operate our business, and we may require additional funding in the future to sustain our operations. There is no assurance that we will have revenues in the future or that we will be able to secure the necessary funding to develop our business. Plan of Operation Over the course of the next twelve-month period we plan to work to develop a customer base for our coconut water product, branded as Yoo Juice, by marketing and selling Yoo Juice to bodega-type stores, food markets, grocery stores, bars and nightclubs, and fitness centers in Israel. We intend to package the product under the Yoo brand and/or under private labels belonging to retailers in Israel, such as Holmes Place, Ribua Kachol, Shufersal, AM/PM, Yellow, and Tivtaam. We intend to work with several suppliers based in the United States, Brazil, Indonesia, or Thailand in order to acquire the best possible final cost for our coconut water product, taking into consideration the logistical fees associated with importing coconut water to Israel. We plan for product branding to be completed by our suppliers, so that only finished products will be shipped. We intend to purchase coconut water only from producers who comply with our requirements. Our plan is for inventory to be shipped directly to our customer base. If the demand for our product surpasses our supply arrangements, we will consider seeking additional producers of coconut water from which to purchase our requirements. As order quantities increase, we expect to have stronger bargaining leverage and better pricing. 12

Results of Operations Revenues We had no revenues for the period from October 31, 2007 (date of inception) through September 30, 2008. Expenses Our expenses for the three month period ended September 30, 2008 were $25,438. Our expenses for the nine month period ended September 30, 2008 were $63,099 and since our inception were $63,099. These expenses were comprised primarily of general and administrative, consulting, and legal and accounting expenses, as well as banking fees. Net Income (Loss) Our net loss for the three month period ended September 30, 2008 was $25,438. Our net loss for the nine month period ended September 30, 2008 was $63,099. During the period from October 31, 2007 (date of inception) through September 30, 2008, we incurred a net loss of $63,099. This loss consisted primarily of administrative expenses. Since inception, we have sold 6,000,000 shares of common stock. Liquidity and Capital Resources Our balance sheet as of September 30, 2008, reflects assets of $11,706. Cash and cash equivalents from inception to date have been insufficient to provide the working capital necessary to operate to date. We anticipate generating losses and, therefore, may be unable to continue operations in the future. If we require additional capital, we would have to issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Going Concern Consideration

The financial statements contained herein for the fiscal quarter ended September 30, 2008, have been prepared on a “going concern” basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. For the reasons discussed herein and in the footnotes to our financial statements included herein, there is a significant risk that we will be unable to continue as a going concern. Off-Balance Sheet Arrangements We have no off-balance sheet arrangements. Item 3. Quantitative and Qualitative Disclosures about Market Risk. None. Item 4. Controls and Procedures . Disclosure Controls and Procedures Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended, as of the end of the period covered by this quarterly report. Based on that evaluation, these officers concluded that our disclosure controls and procedures were effective as of September 30, 2008. 13

Internal Control over Financial Reporting There has been no change in our internal control over financial reporting, as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended, during the quarter ended September 30, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. In the ordinary course of business, our internal control over financial reporting changes as we modify and enhance our processes and information technology systems to meet changing needs and increase our efficiency. Any significant changes in internal controls are evaluated prior to implementation to help maintain the continued effectiveness of our internal control. While changes have occurred in our internal controls during the quarter ended September 30, 2008, there were no changes that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. PART II Item 1. Legal Proceedings. None. Item 1A. Risk Factors. There have been no material changes from the risk factors disclosed in our S-1 filed on June 3, 2008. Item 2. Unregistered Sales of Equity 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. 14

Item 6. Exhibits. Exhibit No.

Description

3.1

Articles of Incorporation. (Attached as an exhibit to our Registration Statement on Form S-1 originally filed with the SEC on June 3, 2008, and incorporated herein by reference.)

3(ii)

Bylaws. (Attached as an exhibit to our Registration Statement on Form S-1 originally filed with the SEC on June 3, 2008, and incorporated herein by reference.)

31.1

Certification of Zvi Pessahc Frank pursuant to Rule 13a-14(a).

31.2

Certification of Moshe Nachum Bergshtein pursuant to Rule 13a-14(a).

32.1

Certification of Zvi Pessahc Frank pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2

Certification of Moshe Nachum Bergshtein pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. YOO, INC. By:

/s/ Zvi Pessahc Frank Zvi Pessahc Frank President and Director Principal Executive Officer

Date November 12, 2008 Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated. Signatures

Title

Date

/s/ Zvi Pessahc Frank Zvi Pessahc Frank

President and Director

November 12, 2008

/s/ Moshe Nachum Bergshtein Moshe Nachum Bergshtein

Chief Financial Officer and Director

November 12, 2008

15

Press Releases

IX Energy Holdings Names Key Additions to Executive Team Monday March 16, 2009, 10:37 am EDT

NEW YORK, NY--(MARKET WIRE)--Mar 16, 2009 -- IX Energy Holdings, Inc. (OTC BB:IXEH.OB) ("IX Energy"), a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions, today announced that it has appointed Bill Winslow to the position of Senior VP of Government Sales and Jamie Evans to the position of VP of Finance. Steve Hoffman, CEO and founder of IX Energy, said, "Expanding our team in areas of strategic financing for renewable energy projects, as well as building our sales presence in the federal energy market provide additional depth in our core areas of focus, which we believe will help accelerate our business objectives in offering renewable energy products to the federal sector." Karen Morgan, President of IX Energy, added, "We are extremely pleased with the additions of Bill and Jamie to our management team. They each bring tremendous credentials and expertise to IX Energy, and represent an important step in our mandate to build a world-class team and successfully roll out our renewable energy solutions platform to the markets." Bill Winslow will lead IX Energy's efforts in the further development and management of its government sales channel. He brings more than 20 years of experience selling into government and industry sectors, and as a LEED Accredited Professional with the US Green Building Council, Mr. Winslow brings a thorough understanding of green building practices and principles that are key to developing sustainability solutions for all IX Energy customers. Prior to joining IX Energy, Mr. Winslow held executive Sales and Business Development positions with systems integration companies, where his clients included the US Army CECOM, US Navy and Homeland Security and over which time he was responsible for developing extensive relationships with federal, state and local agencies. Mr. Winslow holds a B.S. in Electrical Engineering from Pennsylvania State University. Mr. Winslow commented, "I am very excited to join IX Energy and look forward to providing leadership and building a superior sales team. I am attracted to IX Energy because it is so well positioned to address the burgeoning renewable energy markets, and in particular, for its focus on the federal and commercial sectors. The 'renewable energy platform' approach it is taking is also smart, and provides the company with a greater opportunity to deliver turnkey renewable energy solutions to meet customers' specific needs in a scalable way." As VP of Finance, Jamie Evans will lead IX Energy's structured finance team providing financial analysis, strategy and modeling to support customer project financing requirements. In addition, Jamie will work with senior management on corporate development initiatives to help execute the company's strategic growth plan. Mr. Evans brings a strong background of business development, financial management and M&A expertise to the company. Prior to joining IX Energy, he served at BlackRock Financial Management, Oliver Wyman and UBS Warburg. He holds an MBA from Columbia Business School and graduated Cum Laude with a degree in Economics and Environmental Science from Duke University.

Mr. Evans said, "I am excited about joining the IX Energy team. The company is building an exceptional management team with depth and experience across all facets of the renewable energy business, positioning it for strong and sustainable growth in this dynamic marketplace. I look forward to building our structured finance business and providing leadership on financial matters related to client transactions and corporate development." About IX Energy Holdings, Inc. Founded in 2006, IX Energy, Inc., the wholly-owned subsidiary of IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy, Inc. was recently acquired by IX Energy Holdings, Inc. f/k/a Yoo, Inc. pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

IX Energy Signs Teaming Agreement with Legatus6 Joint Effort Targeting Renewable Energy Mandates for Federal Agencies Wednesday February 18, 2009, 9:20 am EST

NEW YORK, NY--(MARKET WIRE)--Feb 18, 2009 -- IX Energy Holdings, Inc. (OTC BB:IXEH.OB) ("IX Energy"), a company engaged in the development and financing of solar power and other renewable energy solutions, today announced that it has entered into a Teaming Agreement with Legatus6 to provide turnkey renewable energy solutions to federal agencies seeking to comply with mandates set forth in the Energy Policy Act of 2005 ("EPACT"). Under the agreement, IX Energy and Legatus6 will assist government agencies in the development and operation of on-site renewable energy including solar, geothermal, daylighting, solar thermal and biomass power generation. Legatus6 will manage sub-contracting relationships and ongoing operations and maintenance on all IX Energy contracts. Steve Hoffman, CEO of IX Energy, said, "We are pleased to be working with an established federal contracting firm like Legatus6, whose executives have a history of success in working with some of the country's largest agencies and government contractor firms. This agreement adds enormous value to our federal programs. Working with Legatus6, we can more effectively leverage our expertise in renewable energy, business development, design, engineering, installation and project management to provide a compelling and turnkey renewable energy solutions platform to the federal agency sector." EPACT establishes statutory goals to expand the federal supply of renewable energy by 7.5% by 2013, and Executive Order 13423 requires agencies to reduce energy consumption per square foot by 3% per year or 30% by 2015, with mandates that at least half of renewable power comes from "new" renewable sources that have come on line since 1999. With an electricity bill of more than $3.5 billion and a real estate portfolio of about 500,000 buildings and facilities, EPACT and Executive Order 13423, both of which encourage on-site renewable power, will have a significant impact. Robert Bowe, CEO of Legatus6, said, "We're looking forward to working with IX Energy to develop turnkey renewable energy solutions to help federal agencies meet their mandated targets." Bowe added that, "What is exciting about this strategic relationship with IX Energy is not just the value of this business arrangement to us as a company, but that it is also about saving our customers money as they meet their energy needs today and in the future in an environmentally desirable way. I've never liked the term 'leading edge,' mainly because it is usually 90% hype, but, in this case, it's true. As seasoned government and federal agency consultants and service providers, we are out in front working with IX Energy, Inc. to develop and deliver turnkey renewable energy projects to our federal customers." About Legatus6 Legatus6, founded in 2007, is a Service Disabled Veteran Owned Small Business (SDVOSB) providing professional services including program management, intelligence support, information technology, logistics, base operations, and staffing to the federal government. Bob Bowe, and his partner and President of Legatus6, John McCann, both have extensive executive experience in

industry. Bob Bowe has over 28 years on active duty in the U.S. Army where, among other senior officer assignments, he has had command responsibility for the operation of large facilities, the type now being mandated to achieve energy savings as described above. Past and current clients include the U.S. Army, Department of Homeland Security, National Geospatial-Intelligence Agency, National Institutes of Health, various Defense activities, and the Nuclear Regulatory Commission. For more information about Legatus6 go to www.legatus6.com. About IX Energy Holdings, Inc. Founded in 2006, IX Energy, Inc., the wholly owned subsidiary of IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy, Inc. was recently acquired by IX Energy Holdings, Inc. f/k/a Yoo, Inc. pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

IX Energy Holdings Names Industry Veteran Karen Morgan as President Friday February 13, 2009, 8:23 am EST

NEW YORK, NY--(MARKET WIRE)--Feb 13, 2009 -- IX Energy Holdings, Inc. (OTC BB:IXEH.OB) ("IX Energy"), a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions, today announced that it has appointed Karen Morgan to the position of President. Ms. Morgan has more than fifteen years of corporate development and executive experience working with early-stage renewable energy companies. Steve Hoffman, CEO of IX Energy, said, "We are pleased to add Karen to our executive team. Her expertise and experience in renewable energy financing, equity and debt financing and information technology will be a significant and valuable addition." Prior to joining IX Energy, Ms. Morgan was President of Envision Solar International, Inc. She also was a founding member of GlobalNet Partners, an international advisory and consulting firm where she created an energy solutions subsidiary working with private companies, utilities and an airport in eastern Europe. While at GlobalNet, she led a team of experts in energy efficiency and renewable energy in the development and commercialization of next generation energy solutions. Ms. Morgan previously served as EVP & COO of CheMatch, and as CEO of PetroChemNet, an information and communications network for the global petrochemical industry. Steve Hoffman added, "Karen's understanding and past success at PetroChemNet in building trading platforms is increasingly relevant to our business as we increase our renewable energy assets, and as the markets for trading renewable energy and carbon credits continue to evolve." About IX Energy Holdings, Inc. Founded in 2006, IX Energy, Inc., the wholly-owned subsidiary of IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy, Inc. was recently acquired by IX Energy Holdings, Inc. f/k/a Yoo, Inc. pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

IX Energy Holdings Consummates Merger and Announces Trading Symbol Monday February 2, 2009, 10:22 am EST

NEW YORK, NY--(MARKET WIRE)--Feb 2, 2009 -- Yoo Inc. (OTC BB:YOOO.OB) , the parent company of IX Energy, Inc., announced today that it has changed its name to IX Energy Holdings, Inc. ("IX Energy") and that the Company's common stock is trading on the over-thecounter bulletin board under the new ticker symbol (OTC BB:IXEH.OB). IX Energy Holdings, Inc. is a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions targeting federal and civilian agencies. The Company's emphasis in the federal sector helps government agencies comply with mandates for implementation of technologies that support renewable energy. Under Executive Order 13423, renewable electricity consumption by the federal government cannot be less than 3% from fiscal year 2007 through fiscal year 2009, 5% from fiscal year 2010 to fiscal year 2012 and 7.5% thereafter, and at least half of the renewable energy must come from new sources (in service after January 1, 1999). In 2007, total electricity consumption from government agencies was 193.8 trillion BTU, or 56.79 million MWh. "The federal government's mandate for renewable energy is enormous, and we think we have established key strategic relationships that will enable us to successfully service this market, which will call for distributed generation systems such as solar electric, solar lighting, geothermal, and other generation systems including fuel cell, cogeneration and highly efficient alternatives," commented Steve Hoffman, CEO of IX Energy. Through the nine months ended September 30, 2008, IX Energy recorded revenue of approximately $6.5 million. The majority of revenue for 2008 was derived from the federal agency sector. Hoffman added that, "We work closely with our customers to ensure that they use less energy, pay less for energy, and secure reliable, high-quality power for their critical operations. Federal agencies are seeking ways to save energy and use renewable resources and we are committed to providing solar, and a platform of related renewable energy solutions to enable them to meet these goals. We will continue to be opportunistic in other key markets as well including commercial and select utility scale projects." Recent Operational Highlights -- Executed 5-year agreement to manufacture solar modules marketed to U.S. government customers. The first 24MW fabrication facility came online January this year and is expected to commence production in February. IX Energy will begin selling its initial line of completed products from the first facility to U.S. government customers in the first quarter, 2009. -- IX Energy supply partners include Q-Cells, Tynsolar and Gintech.

Mr. Hoffman leads an experienced management team with deep experience in the energy industry. He has extensive leadership experience in solar energy, HVAC systems, automation and energy management systems. Prior to founding IX Energy, Mr. Hoffman served as National Service Manager for Solar Integrated Technologies, and in 2003 was awarded a grant program in New Jersey, the Photovoltaic New Jersey infrastructure development program in conjunction with the board of public utilities and NJCEP, RWE Schott, to create certified accredited PV training programs. Prior to entering the energy services sector, he worked for an industrial supply and distribution which was later acquired by Control Associates. About IX Energy Holdings, Inc. Founded in 2006, IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy Holdings, Inc. was recently acquired by Yoo Inc., pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.