8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) 

August 21, 2008

LEXICON UNITED, INC.

(Exact name of registrant as specified in its charter)

Delaware	000-33131	06-1625312
(State or other jurisdiction of	(Commission File No.)	(I.R.S. Employer
incorporation or organization)		Identification No.)
4500 Steiner Ranch Blvd., Suite 1708, Austin, TX		78732
(Address of principal executive offices)		(Zip Code)

(512) 266-3507

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.   Regulation FD Disclosure.

The information in this Form 8-K (including the exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On August 21, 2008, the Registrant issued a press release announcing its financial results for the second quarter of fiscal 2008.

A copy of the press release is included as Exhibit 99.1 to this Report.

Item 9.01.   Financial Statements and Exhibits.

(d)  The following exhibits are furnished herewith:   99.1    Press release, dated August 21, 2008.

SIGNATURES

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

	LEXICON UNITED, INC.
	Registrant
August 21, 2008	By: /s/ Elie Saltoun
	Elie Saltoun
	Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated August 21, 2008

EX-99.1

EXHIBIT 99.1

Lexicon United Reports Second Quarter Fiscal Year 2008 Results

Thursday August 21, 6:52 am ET

AUSTIN, TX--(MARKET WIRE)--Aug 21, 2008 -- Lexicon United Incorporated, Inc. (OTC BB:LXUN.OB - News), a financial services holding company specializing in collections and credit recovery, announced today financial results for the second quarter and six months ended June 30, 2008.

Net revenues for the quarter ended June 30, 2008 increased 92% to $1,211,244 as compared to $629,493 for the comparable period last year. Net loss for the quarter was $120,815, or $0.01 per share, as compared to a net loss of $295,650, or $0.04 per share for the second quarter of the prior year. Sequentially, revenues in the second quarter increased by 37% or $326,379.

For the six months ended June 30, 2008, revenues increased 65% to $2,096,109 from $1,268,685 in the comparable period last year. Net loss for the first six months of fiscal 2008 was $414,046, or $0.05 per share, compared to net loss of $470,816 or $0.06 per share for the comparable period last year.

Investors are encouraged to review the company's Form 10-Q at www.sec.gov.

Elie Saltoun, CEO & President, stated, "We are very pleased with our operating results during the second quarter, primarily the increased revenue from servicing collections on behalf of third party clients. In our ongoing focus to improve operations, we have successfully lowered our operating expenses as a percentage of sales from the prior year. We have invested and built an infrastructure to handle additional projects and portfolios, all of which we believe will result in shareholder value.

"In late June we acquired from Ativos S/A Securitizadora, a portfolio of distressed debt assets of Banco do Brasil SA with a face value of R$ 498,685,303.94 (approximately US$ 305 million); this said, we did not expect to begin establishing a revenue stream from this portfolio until this current quarter. With the anticipated benefits associated with generating revenues from our own portfolio, we expect the remainder of this year to improve our top and bottom line results," concluded Mr. Saltoun.

About Lexicon United Inc.:

Lexicon United Inc. is a financial services holding company specializing in collections and credit recovery. ATN Capital e Participacoes Ltd. ("ATN"), a subsidiary of the Company, is engaged in the business of managing and servicing accounts receivables for large financial institutions in Brazil. Revenues are primarily derived from collection of distressed debt by entering into non-binding agreements with financial institutions to collect their accounts. Once an agreement is reached with the debtor of the financial institution based upon established parameters, an installment agreement is established.

Further information regarding ATN can be found at www.atncapital.com.br

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact:

Contact:

Andrew Barwicki

Investor Relations

516-662-9461

Source: Lexicon United