UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  FORM 10-Q Amendment #1  (Mark One) [X]QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2008[   ]TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACTFor the transition period from _________________ to _________________Commission file number 333-144082Marvins Place, Inc.(Exact name of small business issuer as specified in its charter)Nevada20-8789451(State or jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)13245 Sunnyslope DriveChino Hills, California 91709(Address of principal executive offices)(626) 208-1350(Issuer's telephone number)(Former name, former address and former fiscal year, if changed since last report)   Indicate by check mark whether the registrant (1) has 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 shorter period that the registrant 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 a check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accredited filer or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and Smaller reporting company in Rule 12b-2 of the Exchange Act. Large accelerated filer [  ] Accelerated filer [  ] Non-accelerated filer [  ] Smaller reporting company [X]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act. [ X ] Yes [  ] No  5   TABLE OF CONTENTS PAGE PART I  FINANCIAL INFORMATION 7 ITEM 1. FINANCIAL STATEMENTS 7 ITEM 2. MANAGEMENTS DISCUSSON AND ANALYSIS OF FINANCIALS CONDITION AND RESULTS OF OPERATIONS  13 ITEM 5. CONTROLS AND PROCEDURES 15 PART II  OTHER INFORMATION 16 ITEM 1. LEGAL PROCEEDINGS 16 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  16 ITEMS 3. DEFAULTS UPON SENIOR SECURITIES 16 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 16 ITEM 5. OTHER INFORMATION 16 None 16 ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 16 SIGNATURES 18         5   PART I  FINANCIAL INFORMATION  ITEM 1. FINANCIAL STATEMENTS             5   Marvins Place, Inc. (A Developmental Stage Company) Balance Sheets   ASSETSJune 30,2008(unaudited)CURRENT ASSETSCash$12,721Total Current Assets12,721TOTAL ASSETS$12,721LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIESAccounts payable$-Advances from related parties-Total Current Liabilities-STOCKHOLDERS' EQUITYPreferred stock, 5,000,000 shares authorizedat par value of $0.001, no sharesissued and outstanding-Common stock, 70,000,000 shares authorizedat par value of $0.001, 2,805,000 and 1,750,000$0.001;3,500,000shares issued and outstanding3,500Additional paid-in capital76,500Deficit accumulated during the development stage(69,579)Total Stockholders' Equity12,721TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$12,721The accompanying notes are an integral part of these financial statements.  5     Marvins Place, Inc. (A Developmental Stage Company) Statements of Operations (unaudited)   FromFromFor the ThreeInception onFor the SixInception onMonths EndedApril 11, 2007Months EndedApril 11, 2007June 30,ThroughJune 30,Through2008June 30, 20072008June 30, 2008REVENUES$              -$               -$               -$                       -COST OF SALES----GROSS MARGIN----OPERATING EXPENSESGeneral and administrative23293,0009,39469,579Total Operating Expenses2,3293,0009,39469,579INCOME (LOSS) FROMOPERATIONS(2,329)(3,000)(9,394)(69,579)OTHER EXPENSESInterest expense----Total Other Expenses----NET LOSS BEFORE INCOME TAXES(2,329)(3,000)(9,394)(69,579)INCOME TAX EXPENSE----NET LOSS$      (2,329)$     (3,000)$      (9,394)$            (69,579)BASIC LOSS PER SHARE$        (0.00)$        (0.00)$        (0.00)WEIGHTED AVERAGE NUMBEROF SHARES OUTSTANDING3,500,0003,500,0003,500,000    The accompanying notes are an integral part of these financial statements.  5   Marvins Place, Inc. (A Developmental Stage Company) Statements of Stockholders Equity (unaudited)  AdditionalCommon StockPaid-inAccumulatedSharesAmountCapitalDeficitTotalBalance on April 11, 2007-$-$-$-$-Common stock issued forcash at $0.004 per share2,000,0002,0003,000-5,000Common stock issued forcash at $0.05per share1,500,0001,50073,500-75,000Net loss for the year endedDecember 31, 2007---(60,185)(60,185)Balance,  December 31, 20073,500,0003,50076,500(60,185)19,815Net loss for the three monthsended June 30, 2008---(9,394)(9,394)Balance,  June 30, 20083,500,000$3,500$76,500$(69,579)$10,421           The accompanying notes are an integral part of these financial statements.      5   Marvins Place, Inc. (A Developmental Stage Company) Statements of Cash Flows (unaudited)  FromFromFor the SixInception onInception onMonths EndedApril 11, 2007April 11, 2007June 30,ThroughThrough2008June 30, 2007June 30, 2008OPERATING ACTIVITIESNet loss$(9,394)$(3,000)$(69,579)Adjustments to reconcile net loss tonet cash used by operating activities:Common stock issued for services---Changes in operating assets and liabilities:Increase (decrease) in accounts payable(54,450)-2,300Net Cash Used by Operating Activities(63,844)(3,000)(67,279)INVESTING ACTIVITIES---FINANCING ACTIVITIESProceeds from common stock issued-5,00080,000Increase in advances from related parties(400)--Net Cash Used by Financing Activities(400)5,00080,000NET DECREASE IN CASH(64,244)2,00012,721CASH AT BEGINNING OF PERIOD76,965--CASH AT END OF PERIOD$12,721$2,000$12,721SUPPLEMENTAL CASH FLOW INFORMATION:CASH PAID FOR:Interest$-$-$-Income taxes$-$-$-  The accompanying notes are an integral part of these financial statements  5   Marvins Place, Inc. (A development State Company) NOTES TO FINANCIAL STATEMENTS JUNE 30, 2008  Note 1  Nature of Organization  a . Organization & Business Activities  The Company was incorporated under the laws of the State of Nevada on April 11, 2007 to provide mailing & shipping services. The Company has not realized significant revenues to date and therefore is classified as a development state company.  b. Depreciation  The cost of property and equipment will be depreciated over the estimated useful life of 4 to 7 years. Depreciated is computed using the straight-line method when assets are placed in service.  c. Accounting Method  The Companys financial statements are prepared using the accrual method of accounting. The Company has elected December 31st. year-end.  d. Cash & Cash Equivalents  For the purpose of the statements of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be a cash equivalent.  e. Estimates  The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues & expenses during the reporting period.  f. Revenue Recognition  The Company recognizes revenue when products are fully delivered or services have been provided, and collection is reasonably assured.  g. Organization Costs  The Company has expensed the costs of its incorporation.  h. Advertising  The Company follows the policy of charging the costs of advertising to expense as incurred.  i. Concentrations of Risk   5   The Companys bank accounts are deposited in insured institutions. The funds are insured up to $100,000. At June 30, 2008, the Companys bank deposits did not exceed the insured amounts.  j. Basic Loss Per Share  The computation of the basic loss per share of common stock is based on the weighted average number of shares outstanding during the period.  From inception on April 11, 2007 Through June 30, 2008  Loss (Numerator) $ (69,579) Shares (Denominator) 3,500,000 Per share amount $ (00.02)  k. Income Taxes  Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets, and liabilities, and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of the management, it is more likely than not that some portion, or all of the deferred tax assets will be realized. Deferred tax assets, and liabilities are adjusted for the effects of changes in tax laws and rates.  Net deferred tax assets consist of the following components as of June 30, 2008:  2008  Deferred tax assets NOL Carryover $10,437  Deferred tax liabilities -0- Valuation allowance (10,437) Net deferred tax assets -0- .  The income tax provision differs from the amount of income tax determined by applying the U.S. federal, and state income tax rates of 15% to pretax income from continuing operations for the period ended June 30, 2008. At June 30, 2008, the Company had net operating loss carryforwards of approximately $69,579. That may be offset against future taxable income through 2027. No tax benefit has been reported in the June 30, 2008 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating carryforwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.  Note 2  Going Concern   5   The Companys financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets, and liquidation of liabilities in the normal course of business. The Company has had no income, and generated significant losses from operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Note 3  Stock Offering  During May 2007, the Company sold 2,000,000 shares of its common stock to its founders for cash of $5,000. During December of 2007, the Company sold 1,500,000 shares of its common stock in a private placement for cash of $75,000.  Note 4  New Accounting Pronouncements  During the period ending June 30, 2008, the Company adopted the following accounting pronouncements which had no impact on the financial statements or results of operations:  SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities & Equity SFAS No. 151, Inventory Costs SFAS No. 152, Accounting for Real Estate SFAS No. 153, Exchange of Non-monetary Assets SFAS No. 154, Accounting Changes and Error Correction SFAS No. 123(R), Share Based Payments  In addition, during the period ending June 30, 2008, FASB Interpretations No. 45 and No. 46, along with various Emerging Issues Task Force Consensuses (EITF) were issued, and adopted by the Company, and had no impact on its financial statements. These newly issued accounting pronouncements had no effect on the Companys current financial statements, and did not impact the Company. In December 2007, the FASB issued SFAS 160, Noncontrolling interests in Consolidated Financial Statements  an amendment of ARB No. 51. This Statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. This Statement is effective for fiscal years beginning on or after December 15, 2008. Early adoption is not permitted. Management is currently evaluating the effects of this statement, but it is not expected to have any impact on the Companys financial statements.  In February 2007 , the FASB issued SFAS 159, The Fair Value Option for Financial Assets and Financial Liabilities. SFAS 159 creates a fair value option allowing an entity to irrevocably elect fair value as the initial and subsequent measurement attribute for certain financial assets and financial liabilities, with changes in fair value recognized in earnings as they occur. SFAS 159 also requires an entity to report those financial assets and financial liabilities measured at fair value in a manner that separates those reported fair values from the carrying amounts of assets and liabilities measured using another measurement attribute on the face of the statement of financial position. Lastly, SFAS 159 requires an entity to provide information that would allow users to understand the effect on earnings of changes in the fair value on those instruments selected for the fair value election. SFAS 159 is effective for fiscal years beginning after November 15, 2007 with early adoption permitted. The Company is continuing to evaluate SFAS 159 and to assess the impact on its results of operations and financial condition if an election is made to adopt the standard.   5   In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. Where applicable, SFAS No. 157 simplifies and codifies related guidance within GAAP and does not require any new fair value measurements. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Earlier adoption is encouraged. The Company does not expect the adoption of SFAS No. 157 to have a significant effect on its financial position or results of operation.       5


ITEM 2. MANAGEMENTS DISCUSSON AND ANALYSIS OF FINANCIALS CONDITION AND RESULTS OF OPERATIONS This section must be read in conjunction with the unaudited Financial Statements included in this report. A. Managements Discussion Marvins Place, Inc. ("Marvin" or the "Company"), incorporated in the State of Nevada on April 4, 2007,  is a development stage company with the with the principal business objective of becoming a premier franchisor of retail shipping, postal, courier and business service centers by providing a wide range of convenient, value-added business services to consumers, mobile and traveling professionals and the small office/home office market. The Company was founded based on the need of individuals and companies to have dependable, consistent and professional business service centers where they can obtain a wide variety of benefits such as packaging, shipping, copy and print assistance, mailbox locations, email retrieval, delivery and messenger couriers and convenient office supplies.  It is our goal to become the most dependable, consistent and professional business service center available to the public.  We will recognize that each customer we will serve has different needs, requirements and concerns pertinent to their business.  Our primary customer service goal is to tailor specific solutions to suit each particular customers needs and concerns. We are a small, start-up company that has not generated any revenues and lacks a stable customer base.  Since our inception to the present, we have not generated any significant revenues and have incurred a cumulative net loss as indicated in our financial statements. We believe that the funds expected to be received from the maximum sale of our common equity will be sufficient to finance our efforts to become fully operational and carry us through the next twelve (12) months, of which there can be no guarantee. We believe that the recurring revenues from sales of services will be sufficient to support ongoing operations. Unfortunately, there can be no assurance that the actual expenses incurred will not materially exceed our estimates or that cash flows from sales of services will be adequate to maintain our business. As a result, our independent auditors have expressed substantial doubt about our ability to continue as a going concern.  If we do not produce sufficient cash flow to support our operations over the next 12 months, we may need to raise additional capital by issuing capital stock in exchange for cash in order to continue as a going concern.  There are no formal or informal agreements to attain such financing.  We cannot assure you that any financing can be obtained or, if obtained, that it will be on reasonable terms.  Without realization of additional capital, it would be unlikely for us to stay in business. In the initial approximately fifteen month operating period from April 4, 2007 (inception) to June 30, 2008, the Company generated no revenues while incurring $69,579 in general and administrative expenses. This resulted in a cumulative net loss of $69,579 for the period then ended from inception, which is equivalent to $(0.00) per share. During the six months ended June 30, 2008, the Company generated $0 in revenues while incurring $9,394 in general and administrative expenses. This resulted in a net loss for the quarter ended June 30, 2008 of $9,394. The net loss for both periods is attributable primarily to the continuing costs of start-up operations. Liquidity and Capital Resources


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As of June 30, 2008, the Company had $12,721  in working capital.  The Companys current assets as of June 30, 2008 consisted of $12,721 in cash. B. Plan of Operation Marvins Place, Inc. was incorporated on April 4, 2007.  As of the date of this document, we have generated minimal revenues and substantial expenses.  This resulted in a net loss of since inception, which is attributable to general and administrative expenses. Since incorporation, we have financed our operations through minimal initial capitalization and nominal business activity. To date we have not implemented fully planned principal operations.  Our ability to commence operations is entirely dependent upon the proceeds to be raised in this offering.  If we do not raise at least the minimum offering amount, we will be unable to establish a base of operations, without which it will be unable to begin to generate any revenues.  The realization of sales revenues in the next 12 months is important in the execution of the plan of operations.  However, we cannot guarantee that it will generate such growth.  If we do not produce sufficient cash flow to support our operations over the next 12 months, we may need to raise additional capital by issuing capital stock in exchange for cash in order to continue as a going concern.  There are no formal or informal agreements to attain such financing.  We cannot assure any investor that, if needed, sufficient financing can be obtained or, if obtained, that it will be on reasonable terms.  Without realization of additional capital, it would be unlikely for operations to continue. Marvins Place, Inc.s management does not expect to conduct any research and development. Marvins Place, Inc. currently does not own any significant plant or equipment that it would seek to purchase or sell in the near future. Our management does not anticipate any significant changes in the number of employees in the next 12 months.  Currently, we believe the services provided by our sole officer and director appears sufficient at this time. We have not paid for expenses on behalf of any director.  Additionally, we believe that this practice will not materially change. We have no current plans to seek a business combination with another entity.  ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  Foreign Currency Exchange Risk  Our revenue is invoiced and received in United States dollars.  We currently have no customers outside the U.S. and therefore have no exposure to foreign currency exchange risk.  Interest Rates  Our exposure to market risk for changes in interest rates relates primarily to the increase or decrease in the amount of interest income we earn on our investment portfolio. Our investment portfolio consists of liquid investments that have maturities of three months or less. Our risk associated with fluctuating


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interest income is limited to investments in interest rate sensitive financial instruments. Under our current policy, we do not use interest rate derivative instruments to manage this exposure to interest rate changes. We seek to ensure the safety and preservation of its invested principal by limiting default risk, market risk, and reinvestment risk.  We mitigate default risk by investing in short-term investment grade securities.   ITEM 4. CONTROLS AND PROCEDURES  The effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended) was evaluated under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, as of the end of the period covered by this quarterly report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective in providing reasonable assurance that the information required to be disclosed in this quarterly report is recorded, processed, summarized and reported within the time period required for the filing of this quarterly report.  There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended) identified in connection with the evaluation of our internal control performed during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.  Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system no matter how well conceived and operated can provide only reasonable, not absolute assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of control systems must be considered relative to their cost. As a result of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues of fraud, if any, have been detected.  ITEM 5. CONTROLS AND PROCEDURES Based on their most recent review, which was completed within ninety days of the filing of this report, Marvins Officers have concluded that the Companys disclosure controls and procedures are effective to ensure that information required to be disclosed by Marvin in the reports it files or submits under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to Marvins management, including its Officers, as appropriate to allow timely decisions regarding required disclosure and are effective to ensure that such information is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.  There were no significant changes in Marvins internal controls or in other factors that could significantly affect those controls subsequent to the date of their evaluation.


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PART II  OTHER INFORMATION    ITEM 1. LEGAL PROCEEDINGS None.    ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS None    ITEMS 3. DEFAULTS UPON SENIOR SECURITIES None.    ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS None.    ITEM 5. OTHER INFORMATION    None    ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits required by Item 601 of Regulation S-B Exhibit NumberName and/or Identification of Exhibit3.Articles of Incorporation & By-Laws(a)
Articles of Incorporation of Marvins Place, Inc. filed on April 4, 2007, incorporated by reference to the Registration Statement on Form SB-2, as amended, filed with the SEC on June 27, 2007.
(b)
Bylaws of Marvins Place, Inc. adopted on April 10, 2007, incorporated by reference to the Registration Statement on Form SB-2, as amended, filed with the SEC on June 27, 2007.
(c)
Certificate of Articles of Incorporation of Marvins Place, Inc., incorporated by reference from the Form SB-2, as amended, filed with the SEC on June 27, 2007.31.1Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act 0f 2002


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(b) Reports on Form 8-K During the Second quarter of 2008, MARVINS PLACE, INC. filed the following Current Reports on Form 8-K: Date of ReportDate FiledItems ReportedNoneNoneNone


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SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Marvins Place, Inc.(Registrant)SignatureTitleDate/s/ Chong KimPresident & CEO, DirectorAugust 22, 2008Chong Kim/s/ Chong KimSecretary, Treasurer, DirectorAugust 22, 2008Chong Kim/s/ Chong KimPrincipal Financial OfficerAugust 22, 2008Chong Kim/s/ Chong KimPrincipal Accounting OfficerAugust 22, 2008Chong Kim


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