UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
 _______________
  FORM
10-Q
 _______________
  x
                QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
the quarterly period ended June 30, 2009
  o
                TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
 
 For the transition period from
______to______.
  SEGWAY
IV CORP.
 (Exact
name of registrant as specified in Charter
  New
      Jersey
                  
                  000-30327
                  
                  22-3719169(State
      or other jurisdiction of
                    incorporation
      or organization)
                  
                  (Commission
      File No.)
                  
                  (IRS
      Employee Identification
No.)
 
 213
South Oak Avenue, Owatonna, Minnesota 55060
 (Address
of Principal Executive Offices)
 _______________
  (507)
446-9166
 (Issuer
Telephone number)
 _______________
  (Former
Name or Former Address if Changed Since Last Report)
  Check
whether the issuer (1) has filed all reports required to be filed by Section 13
or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the issuer was required to file such reports), and (2)has been
subject to such filing requirements for the past 90 days. Yes x  No
o
 
 Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). 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 filer.
 See definition of “accelerated filer” and “large accelerated filer” in
Rule 12b-2 of the Exchange Act (Check one):
  Large
Accelerated Filer o     Accelerated
Filer o     Non-Accelerated
Filer o     Smaller
Reporting Company x
  Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.
 Yes x  No
o
  State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of July 23, 2009: 5,250,000 shares of common stock.
  
    SEGWAY IV
CORP.
 FORM 10-Q
 June
30, 2009
  INDEX
   
 PART
      I--FINANCIAL
      INFORMATIONItem
      1.
                Financial
      Statements
                F-1Item
      2.
                Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
                1Item
      3
                Quantitative
      and Qualitative Disclosures About Market Risk
                2Item
      4T.
                Controls
      and Procedures
                2PART II--OTHER
    INFORMATION
 Item
      1
                Legal
      Proceedings
                3Item
      1A.
                Risk
      Factors
                3Item
      2.
                Unregistered
      Sales of Equity Securities and Use of Proceeds
                3Item
      3.
                Defaults
      Upon Senior Securities
                3Item
      4.
                Submission
      of Matters to a Vote of Security Holders
                3Item
      5.
                Other
      Information
                3Item
      6.
                Exhibits
      and Reports on Form 8-K
                3SIGNATURE











(a
development stage company)




FINANCIAL
STATEMENTS








AS OF
JUNE 30, 2009















SEGWAY IV
CORP.


(a
development stage company)


Financial
Statements Table of Contents








FINANCIAL
      STATEMENTS
                          Page
      #Balance
      Sheet
                          F-1Statement
      of Operations and Retained
      Deficit
                          F-2/F-3Statement
      of Stockholders
      Equity
                          F-4Cash
      Flow
      Statement
                          F-5Notes
      to the Financial
      Statements
                          F-6


















SEGWAY
      IV CORP.(a
      development stage company)BALANCE
      SHEETSAs
      of June 30, 2009 and December 31, 2008ASSETSCURRENT ASSETS
                                
                                6/30/2009
                                
                                
                                12/31/2008Cash
                                
                                $
                                -
                                
                                
                                $
                                -Total
      Current Assets
                                
                                
                                -
                                
                                
                                
                                -TOTAL
      ASSETS
                                
                                $
                                -
                                
                                
                                $
                                -LIABILITIES AND STOCKHOLDERS'
      EQUITYCURRENT LIABILITIESAccrued
      Expenses
                                
                                $
                                16,550
                                
                                
                                $
                                15,850Total
      Current Liabilities
                                
                                
                                16,550
                                
                                
                                
                                15,850TOTAL
      LIABILITIES
                                
                                
                                16,550
                                
                                
                                
                                15,850STOCKHOLDERS' EQUITYPreferred
      Stock - Par value $0.0001;Authorized:
      20,000,000None
      issues and outstanding
                                
                                
                                -
                                
                                
                                
                                -Common
      Stock - Par value $0.0001;Authorized:
      100,000,000Issued
      and Outstanding: 5,250,000
                                
                                
                                525
                                
                                
                                
                                525Additional
      Paid-In Capital
                                
                                
                                425
                                
                                
                                
                                425Accumulated
      Deficit
                                
                                
                                (17,500
                                )
                                
                                
                                (16,800
                                )Total
      Stockholders' Equity
                                
                                
                                (16,550
                                )
                                
                                
                                (15,850
                                )TOTAL
      LIABILITIES AND EQUITY
                                
                                $
                                -
                                
                                
                                $
                                -






The
accompanying notes are an integral part of these financial
statements.
 F-1




SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the six months ending June 30, 2009 and 2008From
      inception (March 31, 2000) through June 30, 20096
      MONTHS
                                    
                                    
                                    6
      MONTHSENDING
                                    
                                    
                                    ENDING
                                    
                                    
                                    FROM6/30/2009
                                    
                                    
                                    6/30/2008
                                    
                                    
                                    INCEPTIONREVENUE
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -COST
      OF SERVICES
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -GROSS PROFIT OR (LOSS)
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -GENERAL AND ADMINISTRATIVE
      EXPENSES
                                    
                                    
                                    700
                                    
                                    
                                    
                                    700
                                    
                                    
                                    
                                    17,500NET INCOME (LOSS)
                                    
                                    
                                    (700
                                    )
                                    
                                    
                                    (700
                                    )
                                    
                                    
                                    (17,500
                                    )ACCUMULATED DEFICIT, BEGINNING
      BALANCE
                                    
                                    
                                    (16,800
                                    )
                                    
                                    
                                    (14,300
                                    )
                                    
                                    
                                    -ACCUMULATED DEFICIT, ENDING
      BALANCE
                                    
                                    $
                                    (17,500
                                    )
                                    
                                    $
                                    (15,000
                                    )
                                    
                                    $
                                    (17,500
                                    )Earnings (loss) per share
                                    
                                    $
                                    (0.0001
                                    )
                                    
                                    $
                                    (0.0001
                                    )Weighted average number of common
      shares
                                    
                                    
                                    5,250,000
                                    
                                    
                                    
                                    5,250,000






The
accompanying notes are an integral part of these financial
statements.
 F-2






SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the three months ending June 30, 2009 and 20083
      MONTHS
                              
                              
                              3
      MONTHSENDING
                              
                              
                              ENDING6/30/2009
                              
                              
                              6/30/2008REVENUE
                              
                              $
                              -
                              
                              
                              $
                              -COST
      OF SERVICES
                              
                              
                              -
                              
                              
                              
                              -GROSS PROFIT OR (LOSS)
                              
                              
                              -
                              
                              
                              
                              -GENERAL AND ADMINISTRATIVE
      EXPENSES
                              
                              
                              350
                              
                              
                              
                              350NET INCOME (LOSS)
                              
                              
                              (350
                              )
                              
                              
                              (350
                              )ACCUMULATED DEFICIT, BEGINNING
      BALANCE
                              
                              
                              (17,150
                              )
                              
                              
                              (14,650
                              )ACCUMULATED DEFICIT, ENDING
      BALANCE
                              
                              $
                              (17,500
                              )
                              
                              $
                              (15,000
                              )






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






SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (March 31, 2000) through June 30, 2009COMMON
                      
                      
                      ADDITIONAL
                      
                      
                      ACCUM.
                      
                      
                      TOTALSHARES
                      
                      
                      STOCK
                      
                      
                      PAID
      IN
                      
                      
                      DEFICIT
                      
                      
                      EQUITYStock
      Issued for cash
                      
                      
                      5,250,000
                      
                      
                      $
                      525
                      
                      
                      $
                      225
                      
                      
                      $
                      -
                      
                      
                      $
                      750Net
      Loss
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (837
                      )
                      
                      
                      (837
                      )Total,
      December 31, 2000
                      
                      
                      5,250,000
                      
                      
                      
                      525
                      
                      
                      
                      225
                      
                      
                      
                      (837
                      )
                      
                      
                      (87
                      )Contributed
      capital by shareholders
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      124
                      
                      
                      
                      
                      
                      
                      
                      124Net
      Loss
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (926
                      )
                      
                      
                      (926
                      )Total,
      December 31, 2001
                      
                      
                      5,250,000
                      
                      
                      
                      525
                      
                      
                      
                      349
                      
                      
                      
                      (1,763
                      )
                      
                      
                      (889
                      )Contributed
      capital by shareholders
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      76
                      
                      
                      
                      
                      
                      
                      
                      76Net
      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
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (700
                      )
                      
                      
                      (700
                      )Total,
      June 30, 2009
                      
                      
                      5,250,000
                      
                      
                      $
                      525
                      
                      
                      $
                      425
                      
                      
                      $
                      (17,500
                      )
                      
                      $
                      (16,550
                      )






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






SEGWAY
      IV CORP.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the six months ending June 30, 2009 and 2008,from
      inception (March 31, 2000) through June 30, 20096
      MONTHS
                              
                              
                              6
      MONTHSENDING
                              
                              
                              ENDING
                              
                              
                              FROMCASH FLOWS FROM OPERATING
      ACTIVITIES
                              
                              6/30/2009
                              
                              
                              6/30/2008
                              
                              
                              INCEPTIONNet
      income (loss)
                              
                              $
                              (700
                              )
                              
                              $
                              (700
                              )
                              
                              $
                              (17,500
                              )Increase
      (Decrease) in Accrued Expenses
                              
                              
                              700
                              
                              
                              
                              700
                              
                              
                              
                              16,550Net
      cash provided by (used in) operating activities
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              (950
                              )CASH FLOWS FROM INVESTING
      ACTIVITIESNone
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Net
      cash flows provided by (used in) investing activities
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -CASH FLOWS FROM FINANCING
      ACTIVITIESProceeds
      from capital contributions
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              200Proceeds
      from stock issuance
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              750Net
      cash flows provided by (used in) financing activities
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              950CASH RECONCILIATIONNet
      increase (decrease) in cash
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -Cash
      - beginning balance
                              
                              
                              -
                              
                              
                              
                              -
                              
                              
                              
                              -CASH BALANCE - END OF
PERIOD
                              
                              $
                              -
                              
                              
                              $
                              -
                              
                              
                              $
                              -






The
accompanying notes are an integral part of these financial
statements.
 F-5






SEGWAY
IV CORP.
 (a
development stage business)
 FOOTNOTES
TO THE FINANCIAL STATEMENTS
  1. Summary of significant
accounting policies:
  Industry- Segway IV Corp. (The Company), a
Company incorporated in the state of New Jersey as of March 31, 2000, plans to
locate and negotiate with a business entity for the combination of that target
company with The Company. The combination will normally take the form of a
merger, stock-for-stock exchange or stock- for-assets exchange. In most
instances the target company will wish to structure the business combination to
be within the definition of a tax-free reorganization under Section 351 or
Section 368 of the Internal Revenue Code of 1986, as amended. No
assurances can be given that The Company will be successful in locating or
negotiating with any target company.
  The
Company has been formed to provide a method for a foreign or domestic private
company to become a reporting (“public”) company whose securities are qualified
for trading in the United States secondary market.
  Results of Operations and
Ongoing Entity - The Company is considered to be an ongoing entity. The
Company’s shareholders fund any shortfalls in The Company’s cash flow on a day
to day basis during the time period that The Company is in the development
stage.
  Liquidity and Capital
Resources - In addition to the stockholder funding capital shortfalls;
The Company anticipates interested investors that intend to fund the Company’s
growth once a business is located.
  Cash and Cash
Equivalents - The Company considers cash on hand and amounts on deposit
with financial institutions which have original maturities of three months or
less to be cash and cash equivalents.
  Basis of Accounting -
The Company’s financial statements are prepared in accordance with generally
accepted accounting principles.
  Income
Taxes- The Company
utilizes the asset and liability method to measure and record deferred income
tax assets and liabilities. Deferred tax assets and liabilities reflect the
future income tax effects of temporary differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases and are measured using enacted tax rates that apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled. Deferred tax assets are reduced by a valuation
allowance when in the opinion of management; it is more likely than not that
some portion or all of the deferred tax assets will not be realized. At this
time, The Company has set up an allowance for deferred taxes as there is no
company history to indicate the usage of deferred tax assets and
liabilities.
  Fair Value of Financial
Instruments - The Company’s financial instruments may include cash and
cash equivalents, short-term investments, accounts receivable, accounts payable
and liabilities to banks and shareholders. The carrying amount of long-term debt
to banks approximates fair value based on interest rates that are currently
available to The Company for issuance of debt with similar terms and remaining
maturities. The carrying amounts of other financial instruments approximate
their fair value because of short-term maturities.
  Concentrations of Credit
Risk - Financial instruments which potentially expose The Company to
concentrations of credit risk consist principally of operating demand deposit
accounts. The Company’s policy is to place its operating demand deposit accounts
with high credit quality financial institutions. At this time The Company has no
deposits that are at risk.
    F-6
 
  2.
Related Party Transactions and Going Concern:
  The
Company’s financial statements have been presented on the basis that it is a
going concern in the development stage, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. At
this time The Company has not identified the business that it wishes to engage
in.
  The
Company’s shareholders fund The Company’s activities while The Company takes
steps to locate and negotiate with a business entity for combination; however,
there can be no assurance these activities will be successful.
  3.
Accounts Receivable and Customer Deposits:
  Accounts
receivable and Customer deposits do not exist at this time and therefore have no
allowances accounted for or disclosures made.
  4. Use of
Estimates:
  Management
uses estimates and assumptions in preparing these financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenue and
expenses. Management has no reason to make estimates at this time.
  5. Revenue and Cost
Recognition:
  The
Company uses the accrual basis of accounting in accordance with generally
accepted accounting principles for financial statement reporting.
  6.
Accrued Expenses:
  Accrued
expenses consist of accrued legal, accounting and office costs during this stage
of the business.
  7. Income
Taxes:
 
 The
income tax payable that was accrued for the quarter ended June 30, 2009 was
offset by the Company’s net operating loss carry-forward therefore the
provisions for income tax in the income statement is $0.  For the six
months ended June 30, 2009, the Company had an operating loss of $700, which is
a loss that can be carried forward to offset future income for a period of 20
years. The Company has net operating loss carry-forwards that were derived
solely from operating losses. These amounts can be carried forward to be used to
offset future income for tax purposes for a period of 20 years for each year’s
loss. The accounting for these losses derives a deferred tax asset from
inception to the period ended June 30, 2009 of $3,500.
 
 No
provision was made for federal income tax since the Company has significant net
operating losses. From inception through June 30, 2009, the Company incurred net
operating losses for tax purposes of approximately $17,500. The net operating
loss carry forwards may be used to reduce taxable income through the years 2020
to 2029. The availability of the Company’s net operating loss carry-forwards are
subject to limitation if there is a 50% or more positive change in the ownership
of the Company’s stock. The provision for income taxes consists of the federal
and state minimum tax imposed on corporations.
 
 Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amounts of assets and liabilities for financial statement purposes and
the amounts used for income tax purposes. Significant components of the
Company's deferred tax liabilities and assets as of June 30, 2009 are as
follows:
 
  F-7
   Deferred
      tax assets:Federal
      net operating loss
                    
                    $
                    2,625State
      net operating loss
                    
                    
                    875Total
      deferred tax assets
                    
                    
                    3,500Less
      valuation allowance
                    
                    
                    (3,500
                    )$
                    --
 
 The
Company has provided a 100% valuation allowance on the deferred tax assets at
June 30, 2009 to reduce such asset to zero, since there is no assurance that the
Company will generate future taxable income to utilize such asset. Management
will review this valuation allowance requirement periodically and make
adjustments as warranted.
  The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended June 30, 2009 and 2008 is as follows:
  2009
                          
                          2008Federal
      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
                          %
 
 8.
Operating Lease Agreements:
  The
Company has no agreements at this time.
  9.
Stockholder’s Equity:
  Common
Stock includes 100,000,000 shares authorized at a par value of $0.0001, of which
5,250,000 have been issued for the amount of $750. The shareholders contributed
an additional $200 to capital during the years 2001 and 2002. The Company has
also authorized 20,000,000 shares of preferred stock at a par value of $0.0001,
none of which have been issued.
  10. Required Cash Flow
Disclosure for Interest and Taxes Paid:
  The
company has paid no amounts for federal income taxes and interest.
  11.
Earnings Per Share:
  Basic earnings per share (“EPS”) is
computed by dividing earnings available to common shareholders by the
weighted-average number of common shares outstanding for the period as required
by the Financial Accounting Standards Board (FASB)under Statement of Financial
Accounting Standards (SFAS) No. 128, “Earnings per Shares”. Diluted EPS reflects
the potential dilution of securities that could share in the
earnings.
 
 13. Subsequent
Events:
 
 None
known at this time.






F-8






ITEM
2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
 
 Plan of
Operation
  We are
continuing our efforts to locate a merger candidate for the purpose of a merger.
It is possible that we will be successful in locating such a merger candidate
and closing such merger. However, if we cannot effect a non-cash acquisition, we
may have to raise funds from a private offering of our securities under
Rule 506 of Regulation D. There is no assurance we will obtain any such equity
funding.
  Results of
Operation
  We did
not have any operating income from inception (March 31, 2000) through June 30,
2009. For the quarter ended June 30, 2009, we recognized a net loss of
$700.  Some general and administrative expenses during the quarter
were accrued. Expenses for the quarter were comprised of costs mainly associated
with legal, accounting and office.
  Liquidity and Capital
Resources
  At June
30, 2009 we had no capital resources and will rely upon the issuance of common
stock and additional capital contributions from shareholders to fund
administrative expenses pending acquisition of an operating
company.
   -1-
   Item
3.    Quantitative and Qualitative Disclosures About Market
Risk
 
 Not
applicable because we are a smaller reporting company.
 
 Item
4T.  Controls and Procedures
 
 Evaluation
of Disclosure Controls and Procedures
 
 We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our reports filed pursuant to the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission's rules, regulations
and related forms, and that such information is accumulated and
communicated to our principal executive officer and principal financial officer,
as appropriate, to allow timely decisions regarding required
disclosure.
 
 As of
June 30, 2009, we carried out an evaluation, under the supervision and with the
participation of our Chief Executive Officer and our Chief Financial Officer of
the effectiveness of the design and operation of our disclosure controls and
procedures. Based on this evaluation, our Chief Executive Officer and our Chief
Financial Officer concluded that our disclosure controls and procedures were
effective as of the end of the period covered by this report.
 
 Changes
in Internal Controls
 
 There
have been no changes in the Company's internal control over financial reporting
during the latest fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting.
  
 -2-
 
  PART
II - OTHER INFORMATION
  Item
1. Legal Proceedings.
  Currently
we are not aware of any litigation pending or threatened by or against the
Company.
 
 Item
1A. Risk Factors
 
 None
  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
  Item
6. Exhibits and Reports of Form 8-K.
  (a)        Exhibits
  31.1 Certifications of Chief Executive Officer and Chief Financial Officer
pursuant to Section 302 of Sarbanes Oxley Act of 2002
  32.1
Certifications of Chief Executive Officer and Chief Financial Officer pursuant
to Section 906 of Sarbanes Oxley Act of 2002
  (b)        Reports
of Form 8-K
  None.
   -3-
   SIGNATURES
  Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
  SEGWAY
      1V CORP, INC.Date:
      July 23, 2009
                By:
                /s/
      Donny SmithDonny
      SmithPresident,
      Secretary and Director
 
    -4-