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 February 28,
      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.)
  1451
      Danville Blvd., Suite 201
                  Alamo, CA 94501(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 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 February 28,
2009.
  Table of Contents
 TABLEOF
      CONTENTS
                                graphic1
                              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
                              8Item 4T:
                              Controls and Procedures
                              8PART II – OTHER INFORMATIONItem 1:
                              Legal Proceedings
                              9Item 1A:
                              Risk Factors
                              9Item 2:
                              Unregistered Sales of Equity Securities and Use of
      Proceeds
                              9Item 3:
                              Defaults Upon Senior Securities
                              9Item 4:
                              Submission of Matters to a Vote of Security
      Holders
                              9Item 5:
                              Other Information
                              9Item 6:
                              Exhibits
                              9
  2
 Table of Contents
  PART
I - FINANCIAL INFORMATION
 
 Item1.     Financial Statements
 
 Our
      consolidated unaudited financial statements included in this Form 10-Q are
      as follows:F-1
              Consolidated
      Balance Sheet as of February 28, 2009 (unaudited) and May 31, 2008
      (audited);F-2
              Consolidated Statement of Operations for the three months ended
      February 28, 2009 and February 29, 2008
(unaudited);F-3
              Consolidated Statement of Operations for the nine months ended
      February 28, 2009 and February 29, 2008
(unaudited);F-4
              Consolidated Statement of Changes in Stockholders’ Equity for
      the nine months ended February 28, 2009
(unaudited);F-5
              Consolidated Statements of Cash Flows for the nine months ended
      February 28, 2009 and February 29, 2008
(unaudited);F-6
              Notes to Consolidated Unaudited Financial
      Statements;
  These
unaudited 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 February 28, 2009
are not necessarily indicative of the results that can be expected for the full
year.




3
 Table of Contents


SUPPORTSAVESOLUTIONS, INC.


(A NEVADA
CORPORATION)




CONSOLIDATED
BALANCE SHEETS


FEBRUARY 28,
2009 (UNAUDITED) AND MAY 31, 2008 (AUDITED)


February
      28, 2009
                                                                                                                                        (unaudited)
                                                                                                                                    
                                                                                                                                    May
      31, 2008
                                                                                                                                        (audited)ASSETSCURRENT
      ASSETSCash
      and cash equivalents
                                                                                                                                    $
                                                                                                                                    252,245
                                                                                                                                    
                                                                                                                                    $
                                                                                                                                    436,719Investment
      in marketable securities
                                                                                                                                    
                                                                                                                                    137,213
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    1,538Accounts
      receivable
                                                                                                                                    
                                                                                                                                    6,816
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    6,545TOTAL
      CURRENT ASSETS
                                                                                                                                    
                                                                                                                                    396,274
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    444,802PROPERTY
      AND EQUIPMENTReal
      estate
                                                                                                                                    
                                                                                                                                    230,318
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    -0-Furniture
      and equipment
                                                                                                                                    
                                                                                                                                    214,585
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    131,076Less
      accumulated depreciation
                                                                                                                                    
                                                                                                                                    (65,859)
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    (23,295)NET
      PROPERTY AND EQUIPMENT
                                                                                                                                    
                                                                                                                                    379,044
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    107,781OTHER
      ASSETSSecurity
      deposits
                                                                                                                                    
                                                                                                                                    13,682
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    7,482Membership
      equity
                                                                                                                                    
                                                                                                                                    15,000
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    -0-Deferred
      income tax
                                                                                                                                    
                                                                                                                                    119,000
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    -0-TOTAL
      OTHER ASSETS
                                                                                                                                    
                                                                                                                                    147,682
                                                                                                                                    
                                                                                                                                    
                                                                                                                                    7,482$
                                                                                                                                    923,000
                                                                                                                                    
                                                                                                                                    $
                                                                                                                                    560,065
 LIABILITIES
      AND STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccounts
      payable - trade
                                                                                                  $
                                                                                                  43,177
                                                                                                  
                                                                                                  $
                                                                                                  10,714Deferred
      revenue
                                                                                                  
                                                                                                  2,898
                                                                                                  
                                                                                                  
                                                                                                  17,733TOTAL
      CURRENT LIABILITIES
                                                                                                  
                                                                                                  46,075
                                                                                                  
                                                                                                  
                                                                                                  28,447STOCKHOLDERS'
      EQUITYCommon
      stock, $.00001 par value, 100,000,000 sharesauthorized,
      13,255,198 shares issued and outstanding
                                                                                                  
                                                                                                  132
                                                                                                  
                                                                                                  
                                                                                                  126Additional
      paid-in-capital
                                                                                                  
                                                                                                  1,143,291
                                                                                                  
                                                                                                  
                                                                                                  921,297Cumulative
      translation adjustment
                                                                                                  
                                                                                                  (21,187)
                                                                                                  
                                                                                                  
                                                                                                  (9,833)Retained
      earnings (deficit)
                                                                                                  
                                                                                                  (245,311)
                                                                                                  
                                                                                                  
                                                                                                  (379,972)STOCKHOLDERS'
      EQUITY
                                                                                                  
                                                                                                  876,925
                                                                                                  
                                                                                                  
                                                                                                  531,618$
                                                                                                  923,000
                                                                                                  
                                                                                                  $
                                                                                                  560,065






F-1
 Table of Contents


SUPPORTSAVESOLUTIONS, INC.
 (A NEVADA
CORPORATION)
  CONSOLIDATED STATEMENTS OF
OPERATIONS
 FOR THE THREE MONTHS ENDED FEBRUARY
28, 2009 AND FEBRUARY 29, 2008
 (UNAUDITED)


2009
                                              
                                              2008REVENUESales
                                              $
                                              491,692
                                              
                                              $
                                              338,540Less
      returns and allowances
                                              
                                              (6,637)
                                              
                                              
                                              (5,631)TOTAL
      REVENUE
                                              
                                              485,055
                                              
                                              
                                              332,909EXPENSESOperating
      expenses
                                              
                                              371,861
                                              
                                              
                                              218,171OPERATING
      INCOME (LOSS)
                                              
                                              113,194
                                              
                                              
                                              114,738OTHER
      INCOME (EXPENSE)Interest
      income
                                              
                                              837
                                              
                                              
                                              1,619Other
      income
                                              
                                              310
                                              
                                              
                                              -0-Gain
      (loss) on sale of investments
                                              
                                              (487)
                                              
                                              
                                              -0-Gains/(losses)
      from currency hedging contracts
                                              
                                              (45,859)
                                              
                                              
                                              -0-Federal
      income tax (expense) benefit
                                              
                                              (24,000)
                                              
                                              
                                              (29,550)TOTAL
      OTHER INCOME (EXPENSE)
                                              
                                              (69,199)
                                              
                                              
                                              (27,931)NET
      INCOME
                                              $
                                              43,995
                                              
                                              $
                                              86,807






F-2
 Table of Contents


SUPPORTSAVESOLUTIONS, INC.


(A NEVADA
CORPORATION)




CONSOLIDATED STATEMENTS OF
OPERATIONS


FOR THE NINE MONTHS ENDED FEBRUARY
28, 2009 AND FEBRUARY 29, 2008


(UNAUDITED)




2009
                                              
                                              2008REVENUESales
                                              $
                                              1,358,006
                                              
                                              $
                                              672,861Less
      returns and allowances
                                              
                                              (41,405)
                                              
                                              
                                              (14,733)TOTAL
      REVENUE
                                              
                                              1,316,601
                                              
                                              
                                              658,128EXPENSESOperating
      expenses
                                              
                                              1,220,027
                                              
                                              
                                              461,487OPERATING
      INCOME (LOSS)
                                              
                                              96,574
                                              
                                              
                                              196,641OTHER
      INCOME (EXPENSE)Interest
      income
                                              
                                              4,863
                                              
                                              
                                              2,488Other
      income
                                              
                                              4,906
                                              
                                              
                                              -0-Gain
      (loss) on sale of investments
                                              
                                              15,699
                                              
                                              
                                              -0-Gains/(losses)
      from currency hedging contracts
                                              
                                              (106,381)
                                              
                                              
                                              -0-Federal
      income tax (expense) benefit
                                              
                                              119,000
                                              
                                              
                                              (50,225)TOTAL
      OTHER INCOME (EXPENSE)
                                              
                                              38,087
                                              
                                              
                                              (47,737)NET
      INCOME
                                              $
                                              134,661
                                              
                                              $
                                              148,904


F-3
 Table of Contents


SUPPORTSAVESOLUTIONS, INC.


(A NEVADA
CORPORATION)




CONSOLIDATED STATEMENT OF CHANGES IN
STOCKHOLDERS' EQUITY


FOR THE NINE MONTHS ENDED FEBRUARY
28, 2009


(UNAUDITED)




Common
      Stock
                                                  
                                                  Additional
                                                      Paid-in
                                                  
                                                  Cumulative
                                                      Translation
                                                  
                                                  Retained
                                                      Earnings
                                                  
                                                  Stockholders'Shares
                                                  
                                                  Amount
                                                  
                                                  Capital
                                                  
                                                  Adjustment
                                                  
                                                  (Deficit)
                                                  
                                                  EquityBalance,
      May 31, 2008
                                                  
                                                  12,655,198
                                                  
                                                  $
                                                  126
                                                  
                                                  $
                                                  921,297
                                                  
                                                  $
                                                  (9,833)
                                                  
                                                  $
                                                  (379,972)
                                                  
                                                  $
                                                  531,618Issuance
      of common stock
                                                  
                                                  600,000
                                                  
                                                  
                                                  6
                                                  
                                                  
                                                  221,994
                                                  
                                                  
                                                  -0-
                                                  
                                                  
                                                  -0-
                                                  
                                                  
                                                  222,000Net
      income and translation adjustment
                                                  
                                                  -0-
                                                  
                                                  
                                                  -0-
                                                  
                                                  
                                                  -0-
                                                  
                                                  
                                                  (11,354)
                                                  
                                                  
                                                  134,661
                                                  
                                                  
                                                  123,307Balance,
      February 28, 2009
                                                  
                                                  13,255,198
                                                  
                                                  $
                                                  132
                                                  
                                                  $
                                                  1,143,291
                                                  
                                                  $
                                                  (21,187)
                                                  
                                                  $
                                                  (245,311)
                                                  
                                                  $
                                                  876,925






F-4
 Table of Contents
 SUPPORTSAVESOLUTIONS, INC.
 (A NEVADA
CORPORATION)
  CONSOLIDATED STATEMENTS OF CASH
FLOWS
 FOR THE NINE MONTHS ENDED FEBRUARY
28, 2009 AND FEBRUARY 29, 2008
 (UNAUDITED)
  2009
                                                                                                                                                                                                  
                                                                                                                                                                                                  2008CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      income (loss)
                                                                                                                                                                                                  $
                                                                                                                                                                                                  134,661
                                                                                                                                                                                                  
                                                                                                                                                                                                  $
                                                                                                                                                                                                  148,904Adjustments
      to reconcile net income to net cashprovided by
      operating activities:Depreciation
                                                                                                                                                                                                  
                                                                                                                                                                                                  42,564
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  11,360Stock
      based compensation expense
                                                                                                                                                                                                  
                                                                                                                                                                                                  222,000
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Changes
      in:Accounts
      receivable
                                                                                                                                                                                                  
                                                                                                                                                                                                  (271)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Prepaid
      expenses
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  2,100Security
      deposit
                                                                                                                                                                                                  
                                                                                                                                                                                                  (6,200)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (7,482)Membership
      equity
                                                                                                                                                                                                  
                                                                                                                                                                                                  (15,000)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Deferred
      income tax
                                                                                                                                                                                                  
                                                                                                                                                                                                  (119,000)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Accounts
      payable
                                                                                                                                                                                                  
                                                                                                                                                                                                  32,463
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Accrued
      federal income tax
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  50,225Deferred
      revenue
                                                                                                                                                                                                  
                                                                                                                                                                                                  (14,835)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  16,178Payroll
      tax withholdings payable
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (5,000)TOTAL
      ADJUSTMENTS
                                                                                                                                                                                                  
                                                                                                                                                                                                  141,721
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  67,381NET
      CASH PROVIDED BYOPERATING
      ACTIVITIES
                                                                                                                                                                                                  
                                                                                                                                                                                                  276,382
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  216,285CASH
      FLOWS FROM INVESTING ACTIVITIES:Purchases
      of property and equipment
                                                                                                                                                                                                  
                                                                                                                                                                                                  (313,827)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (99,520)Change
      in investment in marketable securities
                                                                                                                                                                                                  
                                                                                                                                                                                                  (135,675)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Currency
      translation adjustment
                                                                                                                                                                                                  
                                                                                                                                                                                                  (11,354)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (2,054)NET
      CASH (USED BY)INVESTING
      ACTIVITIES
                                                                                                                                                                                                  
                                                                                                                                                                                                  (460,856)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (101,574)CASH
      FLOWS FROM FINANCING ACTIVITIES:Issuance
      of common stock
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  8Additional
      paid in capital
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  83,956Cash
      from stock subscriptions receivable
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  7,415Payments
      on loan payable
                                                                                                                                                                                                  
                                                                                                                                                                                                  (248,400)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  (34,157)Proceeds
      from office building purchase
                                                                                                                                                                                                  
                                                                                                                                                                                                  248,400
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-Proceeds
      from loan payable to officer
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  28,272NET
      CASH PROVIDED BYFINANCING
      ACTIVITIES
                                                                                                                                                                                                  
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  85,494NET
      INCREASE IN CASH ANDCASH
      EQUIVALENTS
                                                                                                                                                                                                  
                                                                                                                                                                                                  (184,474)
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  200,205CASH
      AND CASH EQUIVALENTS - BEGIN OF PERIOD
                                                                                                                                                                                                  
                                                                                                                                                                                                  436,719
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  122,675CASH
      AND CASH EQUIVALENTS - END OF PERIOD
                                                                                                                                                                                                  $
                                                                                                                                                                                                  252,245
                                                                                                                                                                                                  
                                                                                                                                                                                                  $
                                                                                                                                                                                                  322,880SUPPLEMENTAL
      DISCLOSURESCash
      paid during the year for:Interest
      expense
                                                                                                                                                                                                  $
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  $
                                                                                                                                                                                                  -0-Income
      taxes
                                                                                                                                                                                                  $
                                                                                                                                                                                                  -0-
                                                                                                                                                                                                  
                                                                                                                                                                                                  $
                                                                                                                                                                                                  -0-
   F-5
 Table of
Contents
 To the
Shareholders of
 SUPPORTSAVE
SOLUTIONS, INC.
 
 We have
compiled the accompanying consolidated balance sheet of SUPPORTSAVE SOLUTIONS,
INC. as of February 28, 2009 and the related consolidated statements of
operations for the three months and nine months ended February 28, 2009 and
2008, changes in stockholders’ equity and cash flows for the nine months ended
February 28, 2009 and 2008, and the accompanying supplementary information,
which is presented for supplementary analysis purposes, in accordance with
Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants.
 
 A
compilation is limited to presenting in the form of financial statements and
supplementary schedules information that is the representation of
management.  We have not audited or reviewed the accompanying
financial statements and supplementary schedules and, accordingly, do not
express an opinion or any other form of assurance on them.
 
 The
consolidated balance sheet as of May 31, 2008, was audited by other
accountants and they expressed an unqualified opinion on it in their report
dated August 19, 2008, but they have not performed any auditing procedures
since that date.
 
 Tama, Budaj & Raab, P.C.
 
 March 29,
2009
  F-6
 Table of Contents
 SUPPORTSAVESOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
 FEBRUARY
28, 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, 2008. 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 February 28, 2009.
  F-7
 Table of Contents
 SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 FEBRUARY
28, 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.
                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.
 
 I.
                Advertising
      Costs
 
 The
Company follows the policy of expensing advertising costs as they are
incurred.
  F-8
 Table of Contents
 SUPPORTSAVE
SOLUTIONS, INC.
 
 NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
 FEBRUARY
28, 2009
 
 3.
                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 February 28, 2009 are as
follows:
 
 Cost
                                                    
                                                    Gross
                                                          Unrealized
                                                          Gains/(Losses)
                                                    
                                                    Market
                                                        ValueFebruary
      28, 2009:
                                                        Equities/options
                                                    $
                                                    137,213
                                                    
                                                    $
                                                    (12,004)
                                                    
                                                    $
                                                    125,209
 
 4.
                OPERATING
      LEASE
 
 The
Company leased its facility in Cebu, Philippines at the rate of approximately
$2,000 per month.  The lease was for a term of one year and expired on
August 26, 2007.  The Company is leasing the space on a
month-to-month basis.  The Company began leasing a new facility in
Cebu, Philippines on December 1, 2007.  The lease is for 5 years
at the rate of approximately $3,750 per month.  The Company also
operates an administrative office in Troy, Michigan.  The office
facilities are provided at no charge by a friend of an officer of the
Company.  The Company also leases an office in Alamo,
California.  The office facilities are provided at no charge by a
client of the Company.  There can be no assurances that the facilities
will continue to be provided at no charge in the future.
 
 Minimum
annual rents for all leases for the next five years are as follows:
  Year
      Ending
                                                            May 31,
                                                        
                                                        Amount2011
                                                        
                                                        $
                                                        45,0002012
                                                        
                                                        
                                                        45,0002013
                                                        
                                                        
                                                        45,0002014
                                                        
                                                        
                                                        45,0002015
                                                        
                                                        
                                                        45,000$
                                                        225,000
  F-9
 Table of
Contents
  Item2.     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.
  4
 Table of Contents
 
 Our
Facilities
 
 The
Philippines
 
 From our
inception in May of 2007, we have continued executing our strategy to
aggressively grow our business while continuing to optimize capacity of our
existing facility. We began operations at our interim facility in Cebu,
Philippines. This was a 5,000 sq. ft facility with 125 seats (workstations) for
our dedicated employee services. However, in the first three quarters of 2007,
we completed the build-out of our primary facility in the Philippines and
transitioned operations from our interim facility that we had leased pending
completion of the new site. Our new 9,000 sq. ft. primary facility is able to
accommodate 326 workstations for our dedicated employee
services.  This expanded facility can accommodate 400-600 employees;
depending upon utilization needs, we are able to operate 24 hours per day, 7
days per week.  This is nearly three times the previous location’s
capacity.  The lease on our new facility is for 5 years at the rate of
approximately $3,750 per month.
 
 Furniture
and desktop technology continue to be added to this new facility as necessary to
establish production seats to meet client demands.
 
 We plan
to reach capacity at our current center within the next 1-3
months.  To address this we have acquired additional space within our
current building to accommodate an additional 100 seats (workstations). We will
seek additional capacity through additional centers to meet excess demand. Our
revised plan is to continue to add space and capacity to keep up with demand. We
continue to scale up to larger more recognized clients and this should help
accelerate our growth even further. We have a very robust pipeline that includes
clients with the potential of over $1 million revenue annually in
size.
 
 Boca
Raton, Florida
 
 During
the current reporting period, we purchased an investment property in Boca Raton,
Florida for a total of $267,832.68.  We anticipate that in the near
future this investment opportunity will double as new office space to extend our
market reach and provide additional support and services that are critical to
our expanding customer base and partner channel. We chose Boca Raton because of
the many talented financial and mortgage professionals displaced by the
financial crisis and the ability to attract and retain these sales professionals
with our lucrative residual income model.  We hope to attract these
professionals to service our BPO operations and complement our existing staff in
the Philippines. We have a team of three sales professionals at our Boca Raton,
Florida office.
 
 Our
Service Representatives
 
 As of
February 28, 2009, we had approximately 240 of the 326 workstations operating in
our new facility in the Philippines. We increased our full-time employee count
and have a backlog of potential candidates to select from. We plan to hire
additional employees as needed until we reach capacity, at which point we will
look to acquire space for further expansion.
 
 We have a
remotely viewable camera system that allows our clients to watch their
“dedicated employee” working live with 8 full color cameras viewable from our
website. We believe this provides significant value to our clients and potential
clients in adding a visual aspect to our services.
  5
 Table of Contents
 
 Sales
and Marketing
 
 Our sales
and marketing support group is and will continue to be responsible for
increasing the awareness of our services in the marketplace and generating
meetings with prospective clients through leads, sales calls, membership in
industry associations, web-based marketing, public relations activity,
attendance at trade shows and participation in industry conferences and events.
We market our services through our website at www.SupportSave.com.
We also run 30 second commercials on CNBC through the Dish Network.
 
 We have
thus far marketed our services through our website, online advertising and
direct contact via email. In the next 12 months, our plan is to continue to
expand our indirect channels through resellers, partners and affiliates. This
allows us to greatly reduce our sales and marketing expense while broadening our
reach. Under our current model our resellers mark up our price and keep the
difference, our margins are not impacted and our volume is increased through
resellers.
 
 We have
also formulated a plan to reduce exposure to risk of currency fluctuations and
weakness in the US dollar through non-deliverable forward contracts. We hope to
implement this plan in the next nine months. During the fiscal year we executed
Non-deliverable forward contracts between the USD and the Philippine Peso to
protect our business and clients from further weakness in the US
Dollar.
 
 Research
and Development
 
 We will
not be conducting any product research or development during the next 12
months.
 
 Results
of Operations for the three months ended February 28, 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 February 28, 2009 was $491,692,
compared with $338,540 for the three months ended February 29, 2008. Our revenue
reported for the nine months ended February 28, 2009 was $1,358,006, compared
with $672,861 for the nine months ended February 29, 2008.
 
 Our
revenue generated for all periods was attributable to the sale of our BPO
services. The increase in revenues for the three and nine months ended February
28, 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 February 28, 2009 amounted to $6,637,
compared with $5,631 for the same period ended February 29,
2008.  Returns and allowances for the nine months ended February 28,
2009 amounted to $41,405, compared with $14,733 for the same period ended
February 29, 2008.  We experienced more returns and allowances in the
three and nine months ended February 28, 2009 compared with the same periods
2008 as a result of our increased customer base.
  6
 Table of Contents
 
 Our
revenue less returns and allowances is our total revenue.  Total
revenue for the three months ended February 28, 2009 was $485,055, compared with
$332,909 for the same period ended February 29, 2008.  Total revenue
for the nine months ended February 28, 2009 was $1,316,601, compared with
$658,128 for the same period ended February 29, 2008.
 
 Our
operating expenses for the three months ended February 28, 2009 was $371,861,
compared with $218,171 for the same period ended February 29,
2008.  The increase in our operating expenses for the three months
ended February 28, 2009 compared with February 29, 2008 is mainly attributable
to increased payment for commissions, computer services, depreciation, dues and
subscriptions, employee benefits, internet, rent, salaries, telephone, travel
and utilities expenses.  The increase was caused by increased
operational activity.
 
 Our
operating expenses for the nine months ended February 28, 2009 was $1,220,027,
compared with $461,497 for the period ended February 29, 2008.  The
increase in our operating expenses for the nine months ended February 28, 2009
compared with the same period 2008 is mainly attributable to increased payment
for bank charges, commissions, computer services, consulting, depreciation, dues
and subscriptions, internet, licenses and fees, rent, salaries, telephone,
travel and utilities.  The increase was caused by increased
operational activity.
 
 We had
other expenses of $69,199 for the three months ended February 28,
2009.  Other expenses for this period consisted mainly of $45,859 in
losses from currency hedging transactions and $24,000 as a result of federal
income tax expenses.  In comparison, we experienced other expenses of
$27,931 for the three months ended February 29, 2008.  Other expenses
for this period consisted mainly of $29,550 as a result of federal income tax
expenses.
 
 We had
other income of $38,087 for the nine months ended February 28,
2009.  Other income consisted of interest from cash balances on
deposit at a financial institution of $4,863 added with $4,906 from other
income, $15,699 for gains on the sale of investments and $119,000 in federal
income tax benefits, offset by losses from currency hedging transactions in the
amount of $106,381.  In comparison, we experienced other expenses of
$47,737 as a result of federal income tax expenses of $50,225 offset by interest
income of $2,488 for the nine months ended February 29, 2008.
 
 We had
net income of $43,995 for the three months ended February 28, 2009, compared
with net income of $86,807 for the three months ended February 29, 2008. We had
net income of $134,661 for the nine months ended February 28, 2009, compared
with net income of $148,904 for the nine months ended February 29, 2008. We have
been operating with a positive cash flow since inception, albeit reduced in 2009
compared with 2008.
  7
 Table of Contents
 
 Liquidity
and Capital Resources
 
 As at
February 28, 2009, we had $396,274 in current assets and $46,075 in current
liabilities. On February 28, 2009, we had working capital of
$350,199.
 
 Operating
activities provided $276,382 in cash for nine months ended February 28, 2009.
Our stock based compensation expense of $222,000 net income of $134,661,
along with depreciation of $42,564 and accounts payable of $32,463 were the
primary components of our positive operating cash flow, offset mainly by
deferred income tax of $119,000. Cash flows used by investing activities during
the nine months ended February 28, 2009 was $460,856 for the purchase of
property and equipment and changes in investment in marketable securities,
combined with a currency translation adjustment. Cash flows provided by
financing activities during the nine months ended February 28, 2009 was
$0.
 
 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
February 28, 2009, there were no off balance sheet arrangements.
 
 Item3.     Quantitative and Qualitative
Disclosures About Market Risk
 
 A smaller
reporting company is not required to provide the information required by this
Item.
 
 Item4T.     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 February 28, 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 February 28, 2009, our
disclosure controls and procedures are effective.  There have been no
changes in our internal controls over financial reporting during the quarter
ended February 28, 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.
  8
 Table of Contents
  PART
II – OTHER INFORMATION
 
 Item1.     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.
 
 Item1A:  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.
 
 Item3.     Defaults upon Senior
Securities
 
 None
 
 Item4.     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 February
28, 2009.
 
 Item5.     Other Information
 
 None
 
 Item6.      Exhibits
 
 ExhibitNumber
                          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
  9
 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:
                  April
      13, 2009By:       /s/ Christopher
      Johns
                    Christopher
      Johns
                    Title:Chief
      Executive Officer and
Director