----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| New      Jersey                                                         |   | 000-30327                  |   | 22-3719169                             |
|-------------------------------------------------------------------------|--------|----------------------------|--------|----------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) |   | (Commission      File No.) |   | (IRS      Employee Identification No.) |

----

| PART      I-- FINANCIAL INFORMATION |                                                                                                  |
|------------------------------------------|-------------------------------------------------------------------------------------------------------|
|                                     |                                                                                                  |   |
| Item      1.                             | Financial      Statements                                                                             | F-1  |
| Item      2.                             | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations | 1 |
| Item      3                              | Quantitative      and Qualitative Disclosures About Market Risk                                       | 2 |
| Item      4T.                            | Controls      and Procedures                                                                          | 2 |
|                                     |                                                                                                  |   |
| PART      II-- OTHER INFORMATION         |                                                                                                  |
|                                     |                                                                                                  |
| Item      1                              | Legal      Proceedings                                                                                | 3 |
| Item      1A.                            | Risk      Factors                                                                                     | 3 |
| Item      2.                             | Unregistered      Sales of Equity Securities and Use of Proceeds                                      | 3 |
| Item      3.                             | Defaults      Upon Senior Securities                                                                  | 3 |
| Item      4.                             | Submission      of Matters to a Vote of Security Holders                                              | 3 |
| Item      5.                             | Other      Information                                                                                | 3 |
| Item      6.                             | Exhibits      and Reports on Form 8-K                                                                 | 3 |
|                                     |                                                                                                  |   |
| SIGNATURE                                |                                                                                                  | 4 |
|                                     |                                                                                                  |   |

----

| FINANCIAL      STATEMENTS                                   | Page      # |
|---------------------------------------------------------------------------------|-------------|
|                                                                            |        |
| Balance      Sheet                                                    | F-1         |
|                                                                            |        |
| Statement of      Operations and Retained Deficit      | F-2         |
|                                                                            |        |
| Statement of      Stockholders Equity                            | F-3         |
|                                                                            |        |
| Cash Flow      Statement                                                        | F-4         |
|                                                                            |        |
| Notes to the      Financial Statements            | F-5         |

----

| ASSETS                                                                                                |   |      |    |   |       |   |
|-------------------------------------------------------------------------------------------------------|--------|-----------|---------|--------|------------|--------|
|  CURRENT      ASSETS                                                                             |   | 9/30/2009 |    |   | 12/31/2008 |   |
|                                                                                                  |   |      |    |   |       |   |
|      Cash                                                                    |   | $         | -       |   |       | $      | - |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|          Total Current      Assets                       |   |      | -       |   |       |   | - |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|          TOTAL      ASSETS                               |   | $         | -       |   |       | $      | - |   |
|           LIABILITIES AND      STOCKHOLDERS' EQUITY |   |      |    |   |       |   |   |   |
|        CURRENT LIABILITIES                                                                       |   |      |    |   |       |   |   |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|      Accrued      Expenses                                                   |   | $         | 17,150  |   |       | $      | 15,850 |   |
|          Total Current      Liabilities                  |   |      | 17,150  |   |       |   | 15,850 |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|          TOTAL      LIABILITIES                          |   |      | 17,150  |   |       |   | 15,850 |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|        STOCKHOLDERS' EQUITY                                                                      |   |      |    |   |       |   |   |   |
|                                                                                                  |   |      |    |   |       |   |   |   |
|      Preferred      Stock - Par value $0.0001;                               |   |      |    |   |       |   |   |   |
|           Authorized:      20,000,000               |   |      |    |   |       |   |   |   |
|           None      issues and outstanding          |   |      | -       |   |       |   | - |   |
|       Common      Stock - Par value $0.0001;                            |   |      |    |   |       |   |   |   |
|           Authorized:      100,000,000              |   |      |    |   |       |   |   |   |
|           Issued      and Outstanding: 5,250,000    |   |      | 525     |   |       |   | 525 |   |
|      Additional      Paid-In Capital                                         |   |      | 425     |   |       |   | 425 |   |
|     Accumulated      Deficit                                                      |   |      | (18,100 | )      |       |   | (16,800 | ) |
|                                                                                                  |   |      |    |   |       |   |   |   |
|         Total      Stockholders' Equity                       |   |      | (17,150 | )      |       |   | (15,850 | ) |
|          TOTAL      LIABILITIES AND EQUITY               |   | $         | -       |   |       | $      | - |   |

----

|                                          |   | 9      MONTHS |      |   | 9      MONTHS |   |      |      |   |
|-----------------------------------------------|--------|---------------|-----------|--------|---------------|--------|-----------|-----------|--------|
|                                          |   | ENDING        |      |   | ENDING        |   |      | FROM      |   |
|                                          |   | 9/30/2009     |      |   | 9/30/2008     |   |      | INCEPTION |   |
|                                          |   |          |      |   |          |   |      |      |   |
| REVENUE                                       |   | $             | -         |   |          | $      | -         |      |   | $ | - |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| COST      OF SERVICES                         |   |          | -         |   |          |   | -         |      |   |   | - |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| GROSS PROFIT OR (LOSS)                        |   |          | -         |   |          |   | -         |      |   |   | - |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| GENERAL AND ADMINISTRATIVE      EXPENSES      |   |          | 1,300     |   |          |   | 1,050     |      |   |   | 18,100 |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| NET INCOME (LOSS)                             |   |          | (1,300    | )      |          |   | (1,050    | )         |   |   | (18,100 | ) |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| ACCUMULATED DEFICIT, BEGINNING      BALANCE   |   |          | (16,800   | )      |          |   | (14,300   | )         |   |   | - |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| ACCUMULATED DEFICIT, ENDING      BALANCE      |   | $             | (18,100   | )      |          | $      | (15,350   | )         |   | $ | (18,100 | ) |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| Earnings (loss) per share                     |   | $             | (0.0002   | )      |          | $      | (0.0002   | )         |   |   |   |   |
|                                          |   |          |      |   |          |   |      |      |   |   |   |   |
| Weighted average number of common      shares |   |          | 5,250,000 |   |          |   | 5,250,000 |      |   |   |   |   |

|                                        |   | 3      MONTHS |    |   | 3      MONTHS |   |
|---------------------------------------------|--------|---------------|---------|--------|---------------|--------|
|                                        |   | ENDING        |    |   | ENDING        |   |
|                                        |   | 9/30/2009     |    |   | 9/30/2008     |   |
|                                        |   |          |    |   |          |   |
| REVENUE                                     |   | $             | -       |   |          | $      | - |   |
|                                        |   |          |    |   |          |   |   |   |
| COST      OF SERVICES                       |   |          | -       |   |          |   | - |   |
|                                        |   |          |    |   |          |   |   |   |
| GROSS PROFIT OR (LOSS)                      |   |          | -       |   |          |   | - |   |
|                                        |   |          |    |   |          |   |   |   |
| GENERAL AND ADMINISTRATIVE      EXPENSES    |   |          | 600     |   |          |   | 350 |   |
|                                        |   |          |    |   |          |   |   |   |
| NET INCOME (LOSS)                           |   |          | (600    | )      |          |   | (350 | ) |
|                                        |   |          |    |   |          |   |   |   |
| ACCUMULATED DEFICIT, BEGINNING      BALANCE |   |          | (17,500 | )      |          |   | (15,000 | ) |
|                                        |   |          |    |   |          |   |   |   |
| ACCUMULATED DEFICIT, ENDING      BALANCE    |   | $             | (18,100 | )      |          | $      | (15,350 | ) |

----

|                                     |   |  COMMON |      |   | ADDITIONAL |   |   | ACCUM.       |   |   | TOTAL   |   |
|------------------------------------------|--------|--------------|-----------|--------|------------|--------|--------|--------------|--------|--------|---------|--------|
|                                     |   | SHARES       |      |   | STOCK      |   |   | PAID      IN |   |   | DEFICIT |   |   | EQUITY |   |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |
| Stock      Issued for cash               |   |         | 5,250,000 |   |       | $      | 525    |         |   | $      | 225     |   |   | $ | - |   |   | $ | 750 |   |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (837 | ) |   |   | (837 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2000            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 225     |   |   |   | (837 | ) |   |   | (87 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Contributed      capital by shareholders |   |         |      |   |       |   |   |         |   |   | 124     |   |   |   |   |   |   |   | 124 |   |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (926 | ) |   |   | (926 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2001            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 349     |   |   |   | (1,763 | ) |   |   | (889 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Contributed      capital by shareholders |   |         |      |   |       |   |   |         |   |   | 76      |   |   |   |   |   |   |   | 76 |   |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (912 | ) |   |   | (912 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2002            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (2,675 | ) |   |   | (1,725 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (3,825 | ) |   |   | (3,825 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2003            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (6,500 | ) |   |   | (5,550 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (1,925 | ) |   |   | (1,925 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2004            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (8,425 | ) |   |   | (7,475 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (2,075 | ) |   |   | (2,075 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2005            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (10,500 | ) |   |   | (9,550 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (1,300 | ) |   |   | (1,300 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2006            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (11,800 | ) |   |   | (10,850 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (2,500 | ) |   |   | (2,500 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2007            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (14,300 | ) |   |   | (13,350 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (2,500 | ) |   |   | (2,500 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      December 31, 2008            |   |         | 5,250,000 |   |       |   | 525    |         |   |   | 425     |   |   |   | (16,800 | ) |   |   | (15,850 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Net      Loss                            |   |         |      |   |       |   |   |         |   |   |    |   |   |   | (1,300 | ) |   |   | (1,300 | ) |
|                                     |   |         |      |   |       |   |   |         |   |   |    |   |   |   |   |   |   |   |   |   |
| Total,      September 30, 2009           |   |         | 5,250,000 |   |       | $      | 525    |         |   | $      | 425     |   |   | $ | (18,100 | ) |   | $ | (17,150 | ) |

----

|                                                                                               |   | 9      MONTHS |   |   | 9      MONTHS |   |   |      |   |
|----------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|---------------|--------|--------|-----------|--------|
|                                                                                               |   | ENDING        |   |   | ENDING        |   |   | FROM      |   |
| CASH FLOWS FROM OPERATING      ACTIVITIES                                                          |   | 9/30/2009     |   |   | 9/30/2008     |   |   | INCEPTION |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |
|     Net      income (loss)                                                     |   | $             | (1,300 | )      |          | $      | (1,050 | )         |   | $ | (18,100 | ) |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|       Increase      (Decrease) in Accrued Expenses                   |   |          | 1,300  |   |          |   | 1,050  |      |   |   | 17,150 |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|      Net      cash provided by (used in) operating activities             |   |          | -      |   |          |   | -      |      |   |   | (950 | ) |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
| CASH FLOWS FROM INVESTING      ACTIVITIES                                                          |   |          |   |   |          |   |   |      |   |   |   |   |
|                                                                           |   |          |   |   |          |   |   |      |   |   |   |   |
|      None                                                                 |   |          | -      |   |          |   | -      |      |   |   | - |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|       Net      cash flows provided by (used in) investing activities |   |          | -      |   |          |   | -      |      |   |   | - |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
| CASH FLOWS FROM FINANCING      ACTIVITIES                                                          |   |          |   |   |          |   |   |      |   |   |   |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|     Proceeds      from capital contributions                                   |   |          | -      |   |          |   | -      |      |   |   | 200 |   |
|     Proceeds      from stock issuance                                          |   |          | -      |   |          |   | -      |      |   |   | 750 |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|      Net      cash flows provided by (used in) financing activities       |   |          | -      |   |          |   | -      |      |   |   | 950 |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
| CASH RECONCILIATION                                                                                |   |          |   |   |          |   |   |      |   |   |   |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
|      Net      increase (decrease) in cash                                 |   |          | -      |   |          |   | -      |      |   |   | - |   |
|      Cash      - beginning balance                                        |   |          | -      |   |          |   | -      |      |   |   | - |   |
|                                                                                               |   |          |   |   |          |   |   |      |   |   |   |   |
| CASH BALANCE - END OFPERIOD                                                                        |   | $             | -      |   |          | $      | -      |      |   | $ | - |   |

----

----

----

| Deferred      tax assets:       |   |   |   |
|---------------------------------|--------|--------|--------|
| Federal      net operating loss |   | $      | 2,715  |   |
| State      net operating loss   |   |   | 905    |   |
|                            |   |   |   |   |
| Total      deferred tax assets  |   |   | 3,620  |   |
| Less      valuation allowance   |   |   | (3,620 | ) |
|                            |   |   |   |   |
|                            |   | $      | --     |   |

|                                   |   | 2009   |   |   | 2008   |   |
|----------------------------------------|--------|--------|--------|--------|--------|--------|
|                                   |   |   |   |   |   |   |
| Federal      income tax rate           |   |   | (15.0  | %)     |   |   | (15.0 | %) |
| State      tax, net of federal benefit |   |   | (5.0   | %)     |   |   | (5.0 | %) |
| Increase      in valuation allowance   |   |   | 20.0   | %      |   |   | 20.0 | % |
|                                   |   |   |   |   |   |   |   |   |
| Effective      income tax rate         |   |   | 0.0    | %      |   |   | 0.0 | % |

----

----

----

----

|                              | SEGWAY      1V CORP, INC. |
|-----------------------------------|---------------------------|
|                              |                      |
| Date:      October 27, 2009  | By:             | /s/      Donny Smith |
|                              |                      | Donny      Smith |
|                              |                      | President,      Secretary and Director  |