UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-Q





[X]
            Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended November 30,
      2009[  ]
            Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period  to__________Commission
      File Number: 333-143901





SupportSave Solutions,
Inc.


(Exact
name of small business issuer as specified in its charter)





Nevada
            98-0534639(State
      or other jurisdiction of incorporation or organization)
            (IRS
      Employer Identification No.)








3450 Cahuenga Blvd West, Suite 409, Los Angeles,
      CA 90068(Address
      of principal executive offices)





(925) 304-4400(Issuer’s
      telephone number)_______________________________________________________________(Former
      name, former address and former fiscal year, if changed since last
      report)


Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 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 [X]
Yes    [ ] No





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 (§ 229.405 of this
chapter) during the preceeding 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.





[ ]
      Large accelerated filer Accelerated filer
            [ ]
      Non-accelerated filer[X]
      Smaller reporting company





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). [ ] Yes   [X] No





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 13,255,198 common shares as of December 30,
2009.


Table
of Contents











TABLE OF
      CONTENTS
            PagePART I – FINANCIAL INFORMATIONItem 1:
            Financial Statements
            3Item 2:
            Management’s Discussion and Analysis of Financial Condition and
      Results of Operations
            4Item 3:
            Quantitative and Qualitative Disclosures About Market
      Risk
            6Item 4T:
            Controls and Procedures
            6PART II – OTHER INFORMATIONItem 1:
            Legal Proceedings
            7Item 1A:
            Risk Factors
            7Item 2:
            Unregistered Sales of Equity Securities and Use of
      Proceeds
            7Item 3:
            Defaults Upon Senior Securities
            7Item 4:
            Submission of Matters to a Vote of Security
      Holders
            7Item 5:
            Other Information
            7Item 6:
            Exhibits
            7









Table
of Contents


PART
I - FINANCIAL INFORMATION





Item
1.                           Financial
Statements





Our
      consolidated financial statements included in this Form 10-Q are as
      follows:F-1
            Consolidated
      Balance Sheets as of November 30, 2009 (unaudited) and May 31, 2009
      (audited);F-2
            Consolidated
      Statements of Operations for the three months ended November 30, 2009 and
      November 30, 2008 (unaudited);F-3
            Consolidated
      Statements of Operations for the six months ended November 30, 2009 and
      November 30, 2008 (unaudited);F-4
            Consolidated
      Statement of Changes in Stockholders’ Equity as of November 30, 2009 and
      year ended May 31, 2009 (unaudited);F-5
            Consolidated
      Statements of Cash Flows for the six months ended November 30, 2009 and
      November 30, 2008 (unaudited);F-6
            Notes
      to Consolidated Financial
Statements;








These
financial statements have been prepared in accordance with accounting principles
generally accepted in the United States of America for interim financial
information and the SEC instructions to Form 10-Q. In the opinion of management,
all adjustments considered necessary for a fair presentation have been included.
Operating results for the interim period ended November 30, 2009 are not
necessarily indicative of the results that can be expected for the full
year.


Table
of Contents


SUPPORTSAVE
SOLUTIONS, INC.
 Consolidated
Balance Sheets
 November 30,
2009(Unaudited) and May 31, 2009 (Audited)












ASSETSNovember
      30, 2009
            
            
            May
      31, 2009(unaudited)
            
            
            (audited)CURRENT
      ASSETSCash
      and cash equivalents
            
            $
            1,050,216
            
            
            $
            474,626Investment
      in marketable securities
            
            
            20,013
            
            
            
            98,063Accounts
      receivable - trade
            
            
            250,748
            
            
            
            14,931Accounts
      receivable - other
            
            
            -0-
            
            
            
            6,200Prepaid
      expenses
            
            
            3,240
            
            
            
            790TOTAL
      CURRENT ASSETS
            
            
            1,324,217
            
            
            
            594,610PROPERTY
      AND EQUIPMENTFurniture
      and equipment
            
            
            281,928
            
            
            
            205,535Less
      accumulated depreciation
            
            
            (96,886
            )
            
            
            (74,989
            )NET
      PROPERTY AND EQUIPMENT
            
            
            185,042
            
            
            
            130,546OTHER
      ASSETSSecurity
      deposits
            
            
            11,482
            
            
            
            7,482Note
      receivable - Florida office building
            
            
            210,000
            
            
            
            210,000Investment
      in closely held company
            
            
            16,500
            
            
            
            -0-Deferred
      income tax
            
            
            -0-
            
            
            
            50,000TOTAL
      OTHER ASSETS
            
            
            237,982
            
            
            
            267,482$
            1,747,241
            
            
            $
            992,6381,747,241
            
            
            
            992,638-
            
            
            
            -





F-1
 Table
of Contents




SUPPORTSAVE
SOLUTIONS, INC.
 Consolidated
Balance Sheets
 November 30,
2009(Unaudited) and May 31, 2009 (Audited)





LIABILITIES AND STOCKHOLDERS' EQUITYNovember
      30, 2009
            
            
            May
      31, 2009(unaudited)
            
            
            (audited)CURRENT
      LIABILITIESAccounts
      payable - trade
            
            $
            32,344
            
            
            $
            31,960Payroll
      tax withholdings
            
            
            1,077
            
            
            
            -0-Accrued
      wages
            
            
            35,936
            
            
            
            25,560Deferred
      revenue
            
            
            5,811
            
            
            
            2,719Accrued
      income taxes
            
            
            191,000
            
            
            
            -0-Current
      portion of long-term debt
            
            
            5,081
            
            
            
            -0-Loan
      payable - officer
            
            
            800
            
            
            
            -0-TOTAL
      CURRENT LIABILITIES
            
            
            272,049
            
            
            
            60,239LONG
      TERM LIABILITIESNote
      payable
            
            
            28,923
            
            
            
            -0-Less:
      current portion
            
            
            (5,081
            )
            
            
            -0-TOTAL
      LONG TERM LIABILITIES
            
            
            23,842
            
            
            
            -0-STOCKHOLDERS'
      EQUITYCommon
      stock, $.00001 par value, 100,000,000 sharesauthorized,
      13,255,198 shares issued and outstanding
            
            
            132
            
            
            
            132Additional
      paid-in-capital
            
            
            1,153,096
            
            
            
            1,143,291Treasury
      stock
            
            
            (3,029
            )
            
            
            (64,207
            )Cumulative
      translation adjustment
            
            
            (30,294
            )
            
            
            (21,958
            )Retained
      earnings (deficit)
            
            
            331,445
            
            
            
            (124,859
            )STOCKHOLDERS'
      EQUITY
            
            
            1,451,350
            
            
            
            932,399$
            1,747,241
            
            
            $
            992,6381,747,241
            
            
            
            992,638-
            
            
            
            -





F-2
 Table
of Contents





SUPPORTSAVE
SOLUTIONS, INC.


Consolidated
Statements of Operations


For the
Three Months Ended November 30, 2009 and 2008


(Unaudited)





2009
              
              
              2008REVENUESales
              
              $
              957,466
              
              
              $
              411,854Less
      returns and allowances
              
              
              (3,091
              )
              
              
              (18,206
              )TOTAL
      REVENUE
              
              
              954,375
              
              
              
              393,648EXPENSESOperating
      expenses
              
              
              457,926
              
              
              
              539,426OPERATING
      INCOME (LOSS)
              
              
              496,449
              
              
              
              (145,778
              )OTHER
      INCOME (EXPENSE)Interest
      income
              
              
              3,093
              
              
              
              2,200Gains/(losses)
      on sales of investments
              
              
              -0-
              
              
              
              16,186Gains/(losses)
      from currency hedging contracts
              
              
              9,444
              
              
              
              (41,627
              )Gains/(losses)
      on sales of assets
              
              
              (3,152
              )
              
              
              -0-Federal
      income tax benefit
              
              
              -0-
              
              
              
              182,600TOTAL
      OTHER INCOME (EXPENSE)
              
              
              9,385
              
              
              
              159,359NET
      INCOME BEFORE PROVISIONFOR
      FEDERAL INCOME TAX BENEFIT
              
              
              505,834
              
              
              
              13,581PROVISION
      FOR FEDERAL INCOME TAX (BENEFIT)
              
              
              (177,000
              )
              
              
              -0-NET
      INCOME
              
              $
              328,834
              
              
              $
              13,581
  F-3
 Table
of Contents
  SUPPORTSAVE
SOLUTIONS, INC.
 Consolidated
Statements of Operations
 For the Six Months
Ended November 30, 2009 and 2008
 (Unaudited)




2009
              
              
              2008REVENUESales
              
              $
              1,554,270
              
              
              $
              866,314Less
      returns and allowances
              
              
              (8,202
              )
              
              
              (34,768
              )TOTAL
      REVENUE
              
              
              1,546,068
              
              
              
              831,546EXPENSESOperating
      expenses
              
              
              903,986
              
              
              
              848,166OPERATING
      INCOME (LOSS)
              
              
              642,082
              
              
              
              (16,620
              )OTHER
      INCOME (EXPENSE)Interest
      income
              
              
              6,973
              
              
              
              4,026Other
      income
              
              
              125
              
              
              
              4,596Gains/(losses)
      on sales of investments
              
              
              24,395
              
              
              
              16,186Gains/(losses)
      from currency hedging contracts
              
              
              26,881
              
              
              
              (60,522
              )Gains/(losses)
      on sales of assets
              
              
              (3,152
              )
              
              
              -0-Federal
      income tax benefit
              
              
              -0-
              
              
              
              143,000TOTAL
      OTHER INCOME (EXPENSE)
              
              
              55,222
              
              
              
              107,286NET
      INCOME BEFORE PROVISIONFOR
      FEDERAL INCOME TAX BENEFIT
              
              $
              697,304
              
              
              $
              90,666PROVISION
      FOR FEDERAL INCOME TAX (BENEFIT)
              
              
              (241,000
              )
              
              
              -0-NET
      INCOME
              
              $
              456,304
              
              
              $
              90,666
  F-4
 Table
of Contents
 
 SUPPORTSAVE
SOLUTIONS, INC.
 Consolidated
Statement of Changes in Stockholders' Equity
 For the Six Months
Ended November 30, 2009 and Year Ended May 31, 2009
 (Unaudited)


Additional
            
            
            
            
            
            Cumulative
            
            
            RetainedCommon
      Stock
            
            
            Paid-in
            
            
            Treasury
            
            
            Translation
            
            
            Earnings
            
            
            Stockholders'Shares
            
            
            Amount
            
            
            Capital
            
            
            Stock
            
            
            Adjustment
            
            
            (Deficit)
            
            
            EquityBalance,
      May 31, 2008
            
            
            12,655,198
            
            
            $
            126
            
            
            $
            921,297
            
            
            $
            -0-
            
            
            $
            (9,833
            )
            
            $
            (379,972
            )
            
            $
            531,618Issuance
      of common stock
            
            
            600,000
            
            
            
            6
            
            
            
            221,994
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            222,000Purchase
      of treasury stock
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            (64,207
            )
            
            
            -0-
            
            
            
            -0-
            
            
            
            (64,207
            )Net
      income and translationadjustment
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            (12,125
            )
            
            
            255,113
            
            
            
            242,988Balance,
      May 31, 2009
            
            
            13,255,198
            
            
            $
            132
            
            
            $
            1,143,291
            
            
            $
            (64,207
            )
            
            $
            (21,958
            )
            
            $
            (124,859
            )
            
            $
            932,399Purchase
      of treasury stock
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            (9,017
            )
            
            
            -0-
            
            
            
            -0-
            
            
            
            (9,017
            )Private
      placement of commonstock
            
            
            0
            
            
            
            -0-
            
            
            
            9,805
            
            
            
            70,195
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            80,000Net
      income and translationadjustment
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            -0-
            
            
            
            (8,336
            )
            
            
            456,304
            
            
            
            447,968Balance,
      November 30, 2009
            
            
            13,255,198
            
            
            $
            132
            
            
            $
            1,153,096
            
            
            $
            (3,029
            )
            
            $
            (30,294
            )
            
            $
            331,445
            
            
            $
            1,451,350









F-5
 Table
of Contents




SUPPORTSAVE
SOLUTIONS, INC.
 Consolidated
Statements of Cash Flows
 For the Six Months
Ended November 30, 2009 and 2008
 (Unaudited)







2009
            
            
            2009CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      income (loss)
            
            $
            456,304
            
            
            $
            90,666Adjustments
      to reconcile net income to net cashprovided
      by operating activities:Depreciation
            
            
            27,257
            
            
            
            26,079Loss
      (gain) on sale of assets
            
            
            3,152
            
            
            
            -0-Changes
      in:Accounts
      receivable - trade
            
            
            (235,817
            )
            
            
            (1,177
            )Accounts
      receivable - other
            
            
            6,200
            
            
            
            -0-Prepaid
      expenses
            
            
            (2,450
            )
            
            
            -0-Security
      deposit
            
            
            (4,000
            )
            
            
            -0-Membership
      equity
            
            
            -0-
            
            
            
            (15,000
            )Deferred
      income tax
            
            
            50,000
            
            
            
            (143,000
            )Accounts
      payable
            
            
            384
            
            
            
            23,819Accrued
      wages
            
            
            10,376
            
            
            
            -0-Accrued
      federal income tax
            
            
            191,000
            
            
            
            -0-Deferred
      revenue
            
            
            3,092
            
            
            
            (14,077
            )Payroll
      tax withholdings payable
            
            
            1,077
            
            
            
            -0-TOTAL
      ADJUSTMENTS
            
            
            50,271
            
            
            
            (123,356
            )NET
      CASH PROVIDED BYOPERATING
      ACTIVITIES
            
            
            506,575
            
            
            
            (32,690
            )CASH
      FLOWS FROM INVESTING ACTIVITIES:Purchases
      of property and equipment
            
            
            (99,905
            )
            
            
            (280,672
            )Sale
      of property and equipment
            
            
            15,000
            
            
            
            -0-Change
      in investment in marketable securities
            
            
            78,050
            
            
            
            (175,311
            )Currency
      translation adjustment
            
            
            (8,336
            )
            
            
            (8,387
            )NET
      CASH (USED BY)INVESTING
      ACTIVITIES
            
            
            (15,191
            )
            
            
            (464,370
            )CASH
      FLOWS FROM FINANCING ACTIVITIES:Issuance
      of common stock
            
            
            -0-
            
            
            
            6Additional
      paid in capital
            
            
            -0-
            
            
            
            221,994Private
      placement of common stock
            
            
            80,000
            
            
            
            -0-Purchase
      and sale of treasury stock
            
            
            (9,017
            )
            
            
            -0-Investment
      in closely held company
            
            
            (16,500
            )
            
            
            -0-Proceeds
      from office building purchase
            
            
            -0-
            
            
            
            248,400Net
      borrowings on note payable
            
            
            28,923
            
            
            
            -0-Proceeds
      from loan payable to officer
            
            
            800
            
            
            
            -0-NET
      CASH PROVIDED BYFINANCING
      ACTIVITIES
            
            
            84,206
            
            
            
            470,400NET
      INCREASE IN CASH ANDCASH
      EQUIVALENTS
            
            
            575,590
            
            
            
            (26,660
            )CASH
      AND CASH EQUIVALENTS - JUNE 1,
            
            
            474,626
            
            
            
            436,719CASH
      AND CASH EQUIVALENTS - NOVEMBER 30,
            
            $
            1,050,216
            
            
            $
            410,059





F-6
 Table
of Contents





SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
 NOVEMBER
30, 2009
 
 1.
              NATURE
      OF BUSINESS
 
 SupportSave
Solutions, Inc. was incorporated in Nevada on May 2, 2007, and provides
offshore business process outsourcing, or BPO, services from an outsourcing
center through its wholly-owned subsidiary of the same name, which was
incorporated in the Philippines on October 17, 2006 and operates in the
Philippines.  Both the parent and its subsidiary are hereinafter
referred to as "the Company".
 
 The
consolidated financial statements of the Company include the accounts of the
parent company and its wholly-owned Philippines subsidiary. All significant
intercompany accounts and transactions have been eliminated in
consolidation.
 
 2.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
 
 A.
              Basis of
      Presentation
 
 Certain
information and footnote disclosures normally included in annual financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted. We believe that the disclosures are adequate to
make the financial information presented not misleading. These condensed
financial statements should be read in conjunction with the audited consolidated
financial statements and the notes thereto for the year ended May 31, 2009.
All adjustments were of a normal recurring nature unless otherwise disclosed. In
the opinion of management, all adjustments necessary for a fair statement of the
results of operations for the interim period have been included. The results of
operations for such interim periods are not necessarily indicative of the
results for the full year.
 
 B.
              Cash and Cash
      Equivalents
 
 SupportSave
considers all highly liquid investments with maturities of 3 months or less to
be cash equivalents.
 
 C.
              Property and
      Equipment
 
 Property
and equipment are recorded at cost.  Depreciation is provided by
straight-line and accelerated methods, over the estimated useful lives of the
assets, ranging from 39 years for real estate (building) and 5 to 7 years for
furniture and equipment.  Normal expenditures for repairs and
maintenance are charged to operations as incurred.
 
 D.
              Deferred
      Revenue
 
 Deferred
revenue represents advances received on services to be rendered for the period
subsequent to November 30, 2009.
 
 Continued...
 F-7
 Table
of Contents
 
 SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 2.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)
 
 E.
              Income
      Taxes
 
 The
Company uses an asset and liability approach to financial accounting and
reporting for income taxes.  The difference between the financial
statements and tax bases of assets and liabilities is determined
annually.  Deferred income tax assets and liabilities are computed for
those differences that have future tax consequences using the currently enacted
tax laws and rates that apply to the periods in which they are expected to
affect taxable income.  Valuation allowances are established, if
necessary, to reduce the deferred tax assets to the amount that will more likely
than not be realized.  Income tax expense is the current tax payable
or refundable for the period, plus or minus the net change in the deferred tax
assets and liabilities.
 
 F.
              Foreign Currency
      Translation
 
 The
functional currency of the Company is the United States Dollar.  The
financial statements of the Company’s Philippine operations are translated to
U.S. dollars using the period exchange rates as to assets and liabilities and
average exchange rates as to revenues and expenses.  Capital accounts
are translated at their historical exchange rates when the capital transaction
occurs.  Net gains and losses resulting from foreign exchange
translations are included in the Statement of operations and changes in
stockholders’ equity as other comprehensive income (loss).
 
 G.
              Currency Hedging
      Contract Transactions
 
 The
Company's operating expenses consist primarily of salaries, payroll taxes and
employee benefit costs paid to the professionals that the Company employs in the
Philippines.  Since employee related costs are paid in the local
currency, the Company is exposed to the risk of foreign currency
fluctuations.  In an effort to try to minimize the downside risk of
fluctuating currency rates, the Company has entered into foreign exchange
forward contracts.  Any gains or losses from the settled and
outstanding forward contracts are recorded as other income/expense in the
Statement of operations.
 
 H.
              Impairment of
      Long-Lived Assets
 
 The
Company reviews its major assets for impairment whenever events or changes in
circumstances indicate that the carrying amount of an asset may not be
recoverable.  If an asset is considered impaired, then impairment will
be recognized in an amount determined by the excess of the carrying amount of
the asset over its fair value.
 
 Continued...
 
 F-8
 Table
of Contents
 
 SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 2.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)
 
 I.
              Financial
      Instruments
 
 The
carrying amounts of financial instruments are considered by management to be
their estimated fair values due to their short-term
maturities.  Securities that are publicly traded are valued at their
fair market value based as of the balance sheet date presented.
 
 J.
              Use of
      Estimates
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures.  Accordingly, actual
results could differ from those estimates.
 
 K.
              Advertising
      Costs
 
 The
Company follows the policy of expensing advertising costs as they are
incurred.
 
 L.
              Treasury
      Stock
 
 Treasury
stock purchases are accounted for under the cost method whereby the entire cost
of the acquired stock in recorded as treasury stock.  Gains and losses
on the subsequent reissuance of shares are credited or charged to capital in
excess of par value using the average-cost method.
 
 M.
              Basic Loss per
      Share
 
 Basic
loss per share has been calculated based on the weighted average number of
shares of common stock outstanding during the period.
 
 N.
              Recent Accounting
      Pronouncements
 
 The
Company does not expect the adoption of recently issued accounting
pronouncements to have a significant impact on the Company’s results of
operations, financial position or cash flow.
 
  F-9
 Table
of Contents
  SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 3.
              COMMON
      STOCK
 
 The
Company issued shares at various times to employees and vendors for services
rendered.  During the years ended May 31, 2009 and 2008, -0- and
345,350 shares were issued to employees and 600,000 and 401,997 shares were
issued to vendors for services rendered.  Accordingly, the net
increase to the Company’s paid-in-capital was $220,000 and
$559,728.  All shares issued to both employees and vendors are
restricted shares per Rule 144 or Regulation S.  Included in operating
expenses for these issuances are salaries of $-0- and $251,852 and $220,000 and
$307,878 to vendors.  No new shares were issued for the six months
ended November 30, 2009.
 
 The
Company purchased back 266,769 shares of treasury stock for a total cost of
$64,207 during the year ended May 31, 2009.  The Company
purchased an additional 20,500 shares for a total cost of $9,017 during the six
months ended November 30, 2009.  On August 21, 2009, the
Company sold 275,387 shares of this treasury stock for $80,000 through a
subscription agreement in a private placement.  The proceeds and cost
of these shares have been accounted for in additional paid in
capital.  The remaining 11,882 shares continue to be held as treasury
stock, as a reduction to shareholders’ equity.
 
 4.
              MARKETABLE
      SECURITIES
 
 Marketable
securities are shown on the balance sheet.  The first-in, first-out
(FIFO) method is used to determine the cost of each security at the time of
sale.
 
 Cost and
market value of marketable equity securities at November 30, 2009 are as
follows:
 Gross
 Unrealized                                
Market
 Cost                           Gains/(Losses)                              Value
 
 November 30,
2009:
 Equities/options                                            $       20,013                           $          (19,478)                              $            535
 
 5.
              NOTES
      RECEIVABLE - BUILDING
 
 On
May 11, 2009, the Company sold its office building for $260,000 on a note
receivable.  The Company received $50,000 down and the remainder is
payable in 23 month interest only installments of $1,225 beginning June 11,
2009, with a balloon payment of the remaining principal and all accrued interest
due May 11, 2011.  The note will bear interest at 7% per annum is
secured by the real property.
  F-10
 Table
of Contents
  SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 6.
              OPERATING
      LEASE
 
 The
Company operates out of a leased facility in Cebu, Philippines.  The
lease began on December 1, 2007, and is for 5 years at the rate of
approximately $3,500 per month.  Additional space has recently been
added at an additional $1,720 per month.  The Company also leased an
office in Boca Raton, Florida for $850 per month, plus tax.  The lease
expired on October 31, 2009 and the Company closed its Boca Raton
office.  The Company leased an office in Los Angeles, California for
its administrative headquarters, but abandoned it as of August 31, 2009 for
a similar one in the same building.  The lease is on a month-to-month
basis for $4,000 per month.
 
 Minimum
annual rents for all leases for the next five years are as follows:
 
 Period Ending
 November
30,                                      Amount
 
 2010                                                $
110,640
 2011                                                   110,640
 2012                                                   110,640
 2013                                                     48,000
 2014                                                48,000
 
 $
427,920
 
 7.
              LONG-TERM
      LIABILITIES
 
 The
following schedule sets forth information on long-term liabilities at
November 30, 2009:
 
 Description                                                         
 2009
 
 Note payable bearing
interest
 of 7.25% per annum,
monthly
 payments of $584
(including
 interest) collateralized
by an
 automobile                                                                        $   28,923
 
 Continued...
 
  F-11
 Table
of Contents
  SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 7.
              LONG-TERM
      LIABILITIES (CONTINUED)
 
 Maturity
requirements on long-term liabilities are as follows:
 
 Year Ending
 May
31,                                                      Amount
 
 2010                                                $    2,495
 2011                                                      5,268
 2012                                                      5,662
 2013                                                      6,087
 2014                                                      6,543
 Thereafter                                      2,868
 $  28,923
 
 8.
              CONCENTRATION
      OF CREDIT RISK
 
 The
Company maintains cash balances at three financial institutions.  At
November 30, 2009, the Company’s cash and cash equivalents exceeded
federally insured limits by $739,657.  Of the total cash and cash
equivalents, $8,594 is invested in a broker/dealer money market
account.
 
 9.
              INCOME
      TAXES
 
 The
provision for Federal income taxes consists of the following at
November 30:
 
 2009                              2008
 
 Current
expense                                                                $  241,000                              $   39,600
 Deferred (benefit)
expense                                                          
   (50,000)                             (89,600)
 
 $  191,000                              $  (50,000)
 
 The
cumulative tax effect at the expected rate of 35% of significant items
comprising our net deferred tax amount is as follows at
November 30:
 
 2009                              2008
 
 Deferred tax asset attributable
to:
 Net operation loss
carryover                                         $        -0-                               $   89,600
 Less: valuation
allowance                                              -0-       
                    
(89,600)
 
 Net deferred tax
asset                                                      
  $        -0-                               $         -0-
 
 At
May 31, 2009, the Company has an unused net operating loss carryover
approximating $175,000 that is available to offset future taxable income; it
expires beginning in 2027.
  F-12
 Table
of Contents
  
 SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 NOVEMBER
30, 2009
 
 10.
              SUBSEQUENT
      EVENTS
 
 Management
has evaluated subsequent events through the date of which the financial
statements were submitted to the Securities and Exchange Commission and has
determined it does not have any material subsequent events to
disclose.




F-13
 Table
of Contents





Item 2.     Management’s Discussion and
Analysis of Financial Condition and Results of Operations





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934.   These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions.  We intend
such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of complying with
those safe-harbor provisions.  Forward-looking statements are based on
current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain.  Factors which could have a
material adverse affect on our operations and future prospects on a consolidated
basis include, but are not limited to: changes in economic conditions,
legislative/regulatory changes, availability of capital, interest rates,
competition, and generally accepted accounting principles. These risks and
uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements.  We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.  Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.





Overview


We
provide offshore business process outsourcing, or BPO, services which we deliver
primarily to U.S.-based clients from our facilities in the Philippines. BPO
services involves contracting with an external organization to take primary
responsibility for providing a business process or function, such as customer
management, transcription and captioning, processing services, human resources,
procurement, logistics support, finance and accounting, engineering, facilities
management, information technology and training. These customer care services
and solutions are provided by our skilled customer service representatives to
small and mid-sized companies in the healthcare, communication, business
services, financial services, publishing, and travel and entertainment
industries.





Research
and Development





We will
not be conducting any product research or development during the next 12
months.








4
 Table
of Contents








Results
of Operations for the three and six months ended November 30, 2009 and
2008





To become
more profitable and competitive, we have to attract more clients, sell our
services and generate more revenues.





Our
revenue reported for the three months ended November 30, 2009 was $957,466,
compared with $411,854 for the three months ended November 30,
2008.  Our revenue reported for the six months ended November 30, 2009
was $1,554,270, compared with $866,314 for the six months ended November 30,
2008.





Our
revenue generated for all periods was attributable to the sale of our BPO
services. The increase in revenues for the three and six months ended November
30, 2009 from the same periods in 2008 is attributable to an increase in the
sale of our BPO services as a result of expanding our facilities and
operations.





Returns
and allowances are refunds for services not provided.  Returns and
allowances for the three months ended November 30, 2009 amounted to $3,091,
compared with $18,206 for the same period ended November 30,
2008.  Returns and allowances for the six months ended November 30,
2009 amounted to $8,202, compared with $34,768 for the same period ended
November 30, 2008.





Our
revenue less returns and allowances is our total revenue.  Total
revenue for the three months ended November 30, 2009 was $954,375, compared with
$393,648 for the same period ended November 30, 2008.  Total revenue
for the six months ended November 30, 2009 was $1,546,068, compared with
$831,546 for the same period ended November 30, 2008.





Our
operating expenses for the three months ended November 30, 2009 was $457,926,
compared with $539,426 for the same period ended November 30,
2008.  The decrease in our operating expenses for the three months
ended November 30, 2009 compared with November 30, 2008 is mainly attributable
to decreased payment for consulting charges, licenses and fees, offset by
increased commissions, advertising, computer services, and
salaries.





Our
operating expenses for the six months ended November 30, 2009 was $903,986,
compared with $848,166 for the same period ended November 30,
2008.  The increase in our operating expenses for the six months ended
November 30, 2009 compared with November 30, 2008 is mainly attributable to
increased payment for advertising, commissions, computer services, rent, and
salaries, offset by decreased payment for consulting charges, bank charges,
legal and accounting fees, and outside services.





We had
other income of $9,385 for the three months ended November 30, 2009, compared
with other income of $159,359 for the three months ended November 30, 2008. The
large decrease in other income is attributable mainly to no federal income tax
benefits for the three months ended November 30, 2009, compared with $143,000 in
federal income tax benefits for the three months ended November 30,
2008.





We had
other income of $55,222 for the six months ended November 30, 2009, compared
with other income of $107,286 for the six months ended November 30, 2008. The
large decrease in other income is attributable mainly to no federal income tax
benefits for the six months ended November 30, 2009, compared with $143,000 in
federal income tax benefits for the six months ended November 30,
2008.  This was offset by gains in currency hedging transactions of
$26,881 for the six months ended November 30, 2009, compared with losses in
currency hedging transactions of $60,522 for the six months ended November 30,
2008.





We had
net income of $328,834 for the three months ended November 30, 2009, compared
with net income of $13,581 for the three months ended November 30,
2008.





We had
net income of $456,304 for the six months ended November 30, 2009, compared with
net income of $90,666 for the six months ended November 30, 2008.








5
 Table
of Contents








Liquidity
and Capital Resources





As at
November 30, 2009, we had $1,324,217 in current assets and $272,049 in current
liabilities. On November 30, 2009, we had working capital of
$1,052,168.





Operating
activities provided $506,575 in cash for the six months ended November 30, 2009.
Our net income of $456,304, along with depreciation of $27,257, deferred income
tax of $50,000 and accrued income tax of $191,000 were the primary components of
our positive operating cash flow, offset mainly by accounts receivable of
$235,817. Cash flows used by investing activities during the six months ended
November 30, 2009 was $15,191 mainly as a result $99,905 from the sale of
property and equipment, offset by $78,050 in changes in investment in marketable
securities. Cash flows provided by financing activities during the six months
ended November 30, 2009 was $84,206, largely as a result of $80,000 from the
sale of our common stock.





Currently,
our primary source of liquidity is cash flows provided by our operations. We
will not require additional capital to execute our plan, unless we expand into
additional facilities or grow through the acquisition of complementary
businesses. Our current cash flows from operations are sufficient to meet our
working capital requirements over the next 12 months.





Off
Balance Sheet Arrangements





As of
November 30, 2009, there were no off balance sheet arrangements.





Item 3.     Quantitative and Qualitative
Disclosures About Market Risk





A smaller
reporting company is not required to provide the information required by this
Item.





Item
4T.     Controls and Procedures





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of November 30, 2009.  This evaluation was
carried out under the supervision and with the participation of our Chief
Executive Officer, Christopher Johns, and our Chief Financial Officer, Michael
C. Palasick.  Based upon that evaluation, our Chief Executive Officer
and Chief Financial Officer concluded that, as of November 30, 2009, our
disclosure controls and procedures are effective.  There have been no
changes in our internal controls over financial reporting during the quarter
ended November 30, 2009.





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.





Limitations on the
Effectiveness of Internal Controls





Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are effective at that reasonable assurance level.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.







6
 Table
of Contents





PART
II – OTHER INFORMATION





Item 1.     Legal
Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item 1A:  Risk Factors





A smaller
reporting company is not required to provide the information required by this
Item.





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





No
matters have been submitted to our security holders for a vote, through the
solicitation of proxies or otherwise, during the quarterly period ended November
30, 2009.





Item 5.     Other
Information





None





Item 6.      Exhibits





Exhibit
              Number
            Description
      of Exhibit31.1
            Certification of Chief Executive Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
            Certification of Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
            Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002


7
 Table
of Contents


SIGNATURES





In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





SupportSave
      Solutions, Inc.Date:
            December
      30, 2009By:     /s/Christopher
      Johns
              Christopher
      Johns
              Title:Chief
      Executive Officer and
Director