UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K/A
                                (Amendment No. 1)

(Mark One)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                     For the fiscal year ended July 31, 2009

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

        For the transition period from ______________ to________________

                        Commission file number 333-147323

                           NETVENTORY SOLUTIONS, INC.
             (Exact name of registrant as specified in its charter)

           Nevada                                                98-0573252
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

8th Floor - 200 South Virginia Street, Reno, NV                    89501
   (Address of principal executive offices)                      (Zip Code)

        Registrant's telephone number, including area code (775) 562-0504

              Securities registered under Section 12(b) of the Act:

       None                                                 N/A
Title of each class                    Name of each exchange on which registered

              Securities registered under Section 12(g) of the Act:

                         Common Stock, $0.001 par value
                                (Title of class)

Indicate by checkmark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by checkmark if the registrant is not required to file reports pursuant
to Section 13 or 15(d) of the Act. Yes [ ] No [X]

Indicate by checkmark whether the registrant has (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 registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by checkmark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (ss. 229.405 of this chapter) is not contained herein, and will
not be contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [ ]

Indicate by checkmark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated 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]
(Do not check if a smaller reporting company)

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

The aggregate market value of voting and non-voting common equity held by
non-affiliates as of November 13, 2009 was approximately $32,000 based upon
640,000 shares held by non-affiliates and a closing market price of $0.05 per
share on January 31, 2009.

As of November 13, 2009, there were 2,140,000 shares of common stock issued and
outstanding.

                      DOCUMENTS INCORPORATED BY REFERENCE

Exhibits incorporated by reference are referred to in Part IV.
<PAGE>
                                EXPLANATORY NOTE

This Form 10-K/A amends the Annual Report on Form 10-K of NetVentory Solutions,
Inc. (the "Company") for the fiscal year ended July 31, 2009, which was filed
with the U.S. Securities and Exchange Commission (the "SEC") on November 13,
2009. For the convenience of the reader, this Form 10-K/A sets forth the entire
2009 Form 10-K. However, this Form 10-K/A amends and restates only the Items set
forth below.

     1.   Part II, Item 9A, Controls and Procedures; and

     2.   Part III, Item 10, Directors, Executive Officers and Corporate
          Governance;

In addition, this Form 10-K/A corrects certain minor typographical errors, and
amends the signature page to include the signature of the Company's principal
accounting officer.

In accordance with the rules of the SEC, this Form 10-K/A includes currently
dated certifications from the Company's chief executive officer and chief
financial officer, as required by Sections 302 and 906 of the Sarbanes-Oxley Act
of 2002.

The Items not listed above have not been amended or modified hereby in the Form
10-K/A. Except for the amended or restated information described above, this
Form 10-K/A has not been updated since the date of the Form 10-K. Events
occurring after the date of the Form 10-K or other disclosures necessary to
reflect subsequent events have been or will be addressed in other reports filed
with the SEC subsequent to the date of the Form 10-K.

                                       2
<PAGE>
                              AVAILABLE INFORMATION

Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports
on Form 8-K and all amendments to those reports that we file with the Securities
and Exchange Commission, or SEC, are available at the SEC's public reference
room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain
information on the operation of the public reference room by calling the SEC at
1-800-SEC-0330. The SEC also maintains a website at www.sec.gov that contains
reports, proxy and information statements and other information regarding
reporting companies.

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
                                     PART I
ITEM 1.      Business                                                          5
ITEM 1A.     Risk Factors                                                      7
ITEM 2.      Properties                                                       12
ITEM 3.      Legal Proceedings                                                12
ITEM 4.      Submission of Matters to a Vote of Security Holders              12

                                       PART II
ITEM 5.      Market for the Registrant's Common Equity, Related Stockholder
             Matters and Issuer Purchases of Equity Securities                12
ITEM 6.      Selected Financial Data                                          13

ITEM 7.      Management's Discussion and Analysis of Financial Condition
             and Results of Operations                                        13
ITEM 8.      Financial Statements and Supplementary Data                      18
ITEM 9.      Changes in and Disagreements with Accountants on Accounting
             and Financial Disclosure                                         29
ITEM 9A(T).  Controls and Procedures                                          29
ITEM 9B.     Other Information                                                30

                                    PART III
ITEM 10.     Directors, Executive Officers and Corporate Governance           31
ITEM 11.     Executive Compensation                                           32
ITEM 12.     Security Ownership of Certain Beneficial Owners and Management
             and Related Stockholder Matters                                  34
ITEM 13.     Certain Relationships and Related Transactions, and Director
             Independence                                                     35
ITEM 14.     Principal Accountant Fees and Services                           35
ITEM 15.     Exhibits Financial Statement Schedules                           35

Signatures                                                                    36

                                       3
<PAGE>
                                     PART I

FORWARD LOOKING STATEMENTS

This annual report contains forward-looking statements. These statements relate
to future events or our future financial performance. In some cases, you can
identify forward-looking statements by terminology such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors, including the risks in the section
entitled "Risk Factors" and the risks set out below, any of which may cause our
or our industry's actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. These risks include, by way of example and not in
limitation:

     *    the uncertainty that we will not be able to successfully identify and
          evaluate a suitable business opportunity;

     *    risks related to the large number of established and well-financed
          entities that are actively seeking suitable business opportunities;

     *    risks related to the failure to successfully manage or achieve growth
          of a new business opportunity; and

     *    other risks and uncertainties related to our business strategy.

This list is not an exhaustive list of the factors that may affect any of our
forward-looking statements. These and other factors should be considered
carefully and readers should not place undue reliance on our forward-looking
statements.

Forward looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and we undertake no obligation to
update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States,
we do not intend to update any of the forward-looking statements to conform
these statements to actual results.

The safe harbors of forward-looking statements provided by Section 21E of the
Exchange Act are unavailable to issuers of penny stock. As we issued securities
at a price below $5.00 per share, our shares are considered penny stock and such
safe harbors set forth under the Private Securities Litigation Reform Act of
1995 are unavailable to us.

Our financial statements are stated in United States dollars and are prepared in
accordance with United States generally accepted accounting principles.

In this annual report, unless otherwise specified, all dollar amounts are
expressed in United States dollars and all references to "common stock" refer to
the common shares in our capital stock.

As used in this annual report, the terms "we," "us," "our" and "Netventory" mean
Netventory Solutions, Inc., unless otherwise indicated.

                                       4
<PAGE>
ITEM 1. BUSINESS

GENERAL

We were incorporated in the state of Nevada in February 8, 2008 under the name
NetVentory Solutions, Inc. and are engaged in providing online inventory
services to small and medium sized companies. Our goal is to offer comprehensive
inventory management and product fulfillment services to our customers. Our
target clientele will include small to medium sized business owners who demand
convenient and cost effective ways to monitor and control their company's
inventory.

In order to satisfy global demand for online inventory services, we plan to
develop a network of international and domestic resellers, and also retain a
foreign sales force that manages various call centers, which develop client
networks and contact potential customers.

As the popularity of the Internet continues to surge, we plan to capitalize on
the continually maturing marketplace for online inventory management services.
Automated inventory services are becoming an increasingly necessary tool to
reduce costs and increase productivity. From scanning the bar codes on products
stored in warehouses and storage bins, to tracking the cost of goods sold to
customers, inventory management is becoming an essential part of everyday life
for many businesses.

We believe that our company has a strategic advantage over our competition
because our customers have access to a protected local copy of their inventory
at their premises to which they can refer to in the event of a failure in
Internet connectivity. By granting our customers a local copy of their inventory
that is readily available, our customers have the ability to continue with a
project such as an inventory count (despite the lack of internet service),
without disruptions. In addition, once Internet connection is restored, the
local copy will automatically synch with the client's online inventory system,
updating any changes that may have occurred during the interruption. We believe
our unique technology will find a comfortable niche in the online inventory
system business, and will continue to refine our product and related services in
order to meet the needs of small and medium size businesses.

PRODUCTION

Registered subscribers will be able to log into our web site using the access
codes they set up during the registration process. After entering their user
name and password the person will be redirected to a designated secure folder
that contains their customized inventory management system. The infrastructure
of the web site will allow a subscriber to have multiple users online
simultaneously with no limitations on the number of hours of use. The
subscriber's staff will be able to access the same or different elements of
their online inventory management system at the same time if they like. An
access code hierarchy will be available to allow an administrator from the
subscriber firm, to limit or restrict the rights of users within their own
group. In this way sensitive information will be restricted to predetermined
members of the subscriber group.

A prominent feature of our online inventory management system will be to the
ease of access to a client's information. We plan to design an online system
that will be able to harness the growing ubiquity of Internet access. The
portability of the user name and password will allow subscribers to access our
company's web site from anywhere that they have Internet access. Our subscribers
are able to access the inventory via any web-compliant browser on a PC, Laptop
or a PDA.

Our product will enable our clients to manage their inventory and related
logistics. For example, when a shipment of materials arrives at the loading dock
of a client company, the client's staff person can log into the site and enter
the incoming items by product description, quantity and include notes such as
damaged goods for return. The entry will immediately update the existing
inventory for the goods already on hand, change the re-order status and advise
the production department that the goods have been received and are now
available. In another example, a client's sales representative that is visiting
a customer at the customer's office and needs to check the status of a customer
order, can check from a remote location to see if an item the customer wants is

                                       5
<PAGE>
in stock or to modify an existing order that has not yet shipped. The sales rep
will be able to use a wireless device to access the Internet, log in and
complete any one of these or other tasks thereby help to increase the level of
service the sales rep can give to the customer.

Our online inventory management services will feature a relational database that
will be developed using the open source MYSQL, a relational database management
system, and the PhP programming language, which is a computer scripting language
designed for producing web pages. By using these software development tools we
will be able to keep our costs down and still produce a high quality product.

The customer may opt for a local copy of their inventory hosted on a server at
their premises. If the Internet fails, the local copy is still available for the
customer to use. When the problem is remedied, the local copy will synch with
the online inventory system. This option will be available at an additional fee.

SALES AND MARKETING STRATEGY

The marketing expense will be directed at developing an international and
domestic reseller network. To accomplish this we plan to outsource the task to
an offshore call center. We anticipate spending 75% of the marketing budget in
this manner. The remaining 25% will go towards an online advertising campaign
using the Google Adwords cost-per-click advertising program. Our online ads will
try to drive traffic to our web site.

COMPETITION

The competition to provide customers with online inventory management systems
exists in companies that appear to be at various stages of development and
growth. In the section below we highlight some of the firms that have a presence
on the internet already and are currently marketing their versions of this type
of service.

We believe that there are several categories of software companies offering
online inventory management systems. We have divided our industry segment and
competition into two distinct categories: one where the software company
includes inventory management as part of the larger software product offering;
and the second where the software company specializes in offering this type of
service. Our firm will be in the second category as an inventory management
system specialist.

There are a number of firms that already offer various types of inventory
management services through their web sites. No one company appears to have been
able to establish a dominant position and become the market leader. When we
consider the growth of the internet and the suitability of inventory management
systems to relational database structures we feel that we will be coming to a
market that remains fractured and offers potential for long-term success.

None of these solutions appear to offer the customer the ability to have a local
copy of their inventory on an on-site server. If the customer loses access to
the internet, it is likely that the company will not be able to fulfill orders -
resulting in a loss of business. In addition, there is a significant loss of
productivity. Our system offers this functionality as an add-on service and we
believe that this is a key differentiator between our service and those of our
competition.

EMPLOYEES

As of the date of this Prospectus, we do not have any employees.

                                       6
<PAGE>
ITEM 1A. RISK FACTORS

Much of the information included in this annual report includes or is based upon
estimates, projections or other "forward looking statements". Such "forward
looking statements" involve various risks and uncertainties as outlined below.
We caution the reader that important factors in some cases have affected, and in
the future could materially affect, actual results and cause actual results to
differ materially from the results expressed in any such estimates, projections
or other "forward looking statements".

The securities offered hereby involve a substantial risk of loss. Prospective
investors should carefully consider the risks and uncertainties described below
before making an investment in our securities. The risks and uncertainties
described below are those which management currently believes may significantly
affect us.

1)   WE INCURRED HISTORICAL LOSSES AS A RESULT, WE MAY NOT BE ABLE TO GENERATE
     PROFITS, SUPPORT OUR OPERATIONS, OR ESTABLISH A RETURN ON INVESTED CAPITAL.

We incurred net losses from our inception, February 8, 2008 to our fiscal year
ended July 31, 2009 in the amount of $40,901. In addition, we expect to increase
our operating expenses to fund our anticipated growth. We cannot assure you that
any of our business strategies will be successful or that significant revenues
or profitability will ever be achieved or, if they are achieved, that they can
be consistently sustained or increased on a quarterly or annual basis.

2)   WE EXPECT OUR OPERATING LOSSES TO CONTINUE

We expect to incur increased operating expenses during the next year. The amount
of net losses and the time required for us to reach and sustain profitability
are uncertain. The likelihood of our success must be considered in light of the
problems, expenses, difficulties, and delays frequently encountered in
connection with our business, including, but not limited to the increase in
costs to be incurred for research and development, protection of our
intellectual property and the marketing and delivery of our product. There can
be no assurance that we will ever generate revenue or achieve profitability at
all or on any substantial basis.

3)   BECAUSE WE PROVIDE A SUITE OF ON-DEMAND APPLICATIONS THAT MANY OF OUR
     CUSTOMERS USE TO MANAGE THEIR CRITICAL BUSINESS PROCESSES, THE MARKET FOR
     OUR SERVICE MAY DEVELOP MORE SLOWLY THAN WE EXPECT.

Our success will depend, to a large extent, on the willingness of Small and
Medium Businesses ("SMBs") to accept on-demand services for applications that
they view as critical to the success of their business. Many companies have
invested substantial effort and financial resources to integrate traditional
enterprise software into their businesses and may be reluctant or unwilling to
switch to a different application or to migrate these applications to on-demand
services. Other factors that may affect market acceptance of our application
include:

     *    the security capabilities, reliability and availability of on-demand
          services;
     *    customer concerns with entrusting a third party to store and manage
          their data, especially confidential or sensitive data;
     *    our ability to minimize the time and resources required to implement
          our suite;
     *    our ability to maintain high levels of customer satisfaction;
     *    our ability to implement upgrades and other changes to our software
          without disrupting our service;
     *    the level of customization or configuration we offer;
     *    our ability to provide rapid response time during periods of intense
          activity on customer websites; and
     *    the price, performance and availability of competing products and
          services.

                                       7
<PAGE>
The market for these services may not develop further, or it may develop more
slowly than we expect, either of which would harm our business.

4)   OUR CUSTOMERS ARE SMALL AND MEDIUM-SIZED BUSINESSES, WHICH CAN BE
     CHALLENGING TO COST-EFFECTIVELY REACH, ACQUIRE AND RETAIN.

We plan to market and sell our application suite to SMBs. To grow our revenue
quickly, we must add new customers, sell additional services to existing
customers and encourage existing customers to renew their subscriptions.
However, selling to and retaining SMBs can be more difficult than selling to and
retaining large enterprises because SMB customers:

     *    are more price sensitive;
     *    are more difficult to reach with traditional marketing campaigns;
     *    have high churn rates in part because of the nature of their
          businesses;
     *    may lack the staffing to benefit fully from our application suite's
          rich feature set;
     *    often require higher sales, marketing and support expenditures by
          vendors that sell to them per revenue dollar; and
     *    are more vulnerable to negative changes in the general economic
          environment that may disrupt continued business operations.

If we are unable to cost-effectively market and sell our service to our target
customers, our ability to grow our revenue quickly and become profitable will be
harmed.

5)   OUR LIMITED OPERATING HISTORY MAKES IT DIFFICULT TO EVALUATE OUR CURRENT
     BUSINESS AND FUTURE PROSPECTS, AND MAY INCREASE THE RISK OF YOUR
     INVESTMENT.

Our company has been in existence since early 2008. Our limited operating
history may make it difficult to evaluate our current business and our future
prospects. We have encountered and will continue to encounter risks and
difficulties frequently experienced by growing companies in rapidly changing
industries. If we do not address these risks successfully, our business will be
harmed, which may increase the risk to an investment in our securities.

6)   OUR BUSINESS DEPENDS SUBSTANTIALLY ON CUSTOMERS RENEWING, UPGRADING AND
     EXPANDING THEIR SUBSCRIPTIONS FOR OUR SERVICES. ANY DECLINE IN OUR CUSTOMER
     RENEWALS, UPGRADES AND EXPANSIONS WOULD HARM OUR FUTURE OPERATING RESULTS.

We will sell our application suite pursuant to service agreements that have a
specific term and are not automatically renewable. Our ability to grow will be
dependent in part on customers purchasing additional subscriptions after the
term of their initial subscriptions. Our customers' renewal rates may decline or
fluctuate because of several factors, including their satisfaction or
dissatisfaction with our services, the prices of our services, the prices of
services offered by our competitors or reductions in our customers' spending
levels. If our customers do not renew their subscriptions for our services,
renew on less favorable terms, or do not purchase additional functionality or
subscriptions, our revenue may grow more slowly than expected or decline and our
profitability and gross margins may be harmed.

                                       8
<PAGE>
7)   IF OUR SECURITY MEASURES ARE BREACHED AND UNAUTHORIZED ACCESS IS OBTAINED
     TO A CUSTOMER'S DATA, WE MAY INCUR SIGNIFICANT LIABILITIES, OUR SERVICE MAY
     BE PERCEIVED AS NOT BEING SECURE AND CUSTOMERS MAY CURTAIL OR STOP USING
     OUR SUITE.

The services we plan to offer will involve the storage of large amounts of our
customers' sensitive and proprietary information. If our security measures are
breached as a result of third-party action, employee error, malfeasance or
otherwise, and someone obtains unauthorized access to our customers' data, we
could incur significant liability to our customers and to individuals or
businesses whose information was being stored by our customers, our business may
suffer and our reputation will be damaged. Because techniques used to obtain
unauthorized access to, or to sabotage, systems change frequently and generally
are not recognized until launched against a target, we may be unable to
anticipate these techniques or to implement adequate preventive measures. If an
actual or perceived breach of our security occurs, the market perception of the
effectiveness of our security measures could be harmed and we could lose sales
and customers. We do not have, and are likely not to have for the foreseeable
future, insurance that will adequately cover any liability to a customer under
these circumstances.

8)   THE MARKET FOR OUR SERVICES IS INTENSELY COMPETITIVE, AND IF WE DO NOT
     COMPETE EFFECTIVELY, OUR OPERATING RESULTS MAY BE HARMED.

The markets for online inventory solutions are intensely competitive and rapidly
changing with relatively low barriers to entry. With the introduction of new
technologies and market entrants, we expect competition to intensify in the
future. In addition, pricing pressures and increased competition generally could
result in reduced sales, reduced margins or the failure of our service to
achieve or maintain more widespread market acceptance. We expect to compete to
sell our application suite against existing systems that our potential customers
have already made significant expenditures to install. Competition in our market
is based principally upon service breadth and functionality; service
performance, security and reliability; ability to tailor and customize services
for a specific company, vertical or industry; ease of use of the service; speed
and ease of deployment, integration and configuration; total cost of ownership,
including price and implementation and support costs; professional services
implementation; and financial resources of the vendor.

Many of our actual and potential competitors enjoy substantial competitive
advantages over us, such as greater name recognition, longer operating
histories, more varied products and services and larger marketing budgets, as
well as substantially greater financial, technical and other resources. In
addition, many of our competitors have established marketing relationships and
access to larger customer bases, and have major distribution agreements with
consultants, system integrators and resellers. If we are not able to compete
effectively, our operating results will be harmed.

9)   THE MARKET FOR OUR SERVICES IS PRICE SENSITIVE, AND IF THE PRICES WE CHARGE
     FOR OUR SERVICES ARE UNACCEPTABLE TO OUR CUSTOMERS, OUR OPERATING RESULTS
     WILL SUFFER.

Many of our potential customers are price sensitive, and we have limited
experience with respect to determining the appropriate prices for our services.
As the market for our services matures, or as new competitors introduce new
products or services that compete with ours, we may be unable to renew our
agreements with existing customers or attract new customers at the same price or
based on the same pricing model that we may have previously used. As a result,
it is possible that competitive dynamics in our market may require us to change
our pricing model or reduce our prices, which could negatively impact our
revenue, gross margin and operating results.

10)  IF WE DO NOT EFFECTIVELY BUILD AND TRAIN OUR DIRECT SALES FORCE AND OUR
     SERVICES AND SUPPORT TEAMS, OUR FUTURE OPERATING RESULTS WILL SUFFER.

We plan to build our direct sales force and our services and support teams both
domestically and internationally to increase our customer base and revenue. We
believe that there is significant competition for direct sales, service and
support personnel with the skills and technical knowledge that we require. Our
ability to achieve significant revenue growth will depend, in large part, on our

                                       9
<PAGE>
success in recruiting, training and retaining sufficient numbers of personnel to
support our growth. New hires require significant training and, in most cases,
take significant time before they achieve full productivity. Our recent hires
and planned hires may not become as productive as we expect, and we may be
unable to hire or retain sufficient numbers of qualified individuals in the
markets where we do business. If our efforts to build a direct sales force are
not successful or do not generate a corresponding increase in revenue, our
business will be harmed.

11)  IF WE ARE UNABLE TO DEVELOP NEW SERVICES OR SELL OUR SERVICES INTO NEW
     MARKETS, OUR REVENUE WILL NOT GROW AS EXPECTED.

Our ability to attract new customers and increase revenue from existing
customers will depend in large part on our ability to enhance and improve our
existing application suite and to introduce new services and sell into new
markets. The success of any enhancement or new service depends on several
factors, including the timely completion, introduction and market acceptance of
the enhancement or service. Any new service we develop or acquire may not be
introduced in a timely or cost-effective manner and may not achieve the broad
market acceptance necessary to generate significant revenue. Any new markets,
into which we attempt to sell our application, including new vertical markets
and new countries or regions, may not be receptive. If we are unable to
successfully develop or acquire new services, enhance our existing services to
meet customer requirements or sell our services into new markets, our revenue
will not grow as expected.

12)  BECAUSE WE PLAN TO DEVELOP A GLOBAL ORGANIZATION AND OUR LONG-TERM SUCCESS
     DEPENDS, IN PART, ON OUR ABILITY TO EXPAND THE SALES OF OUR SERVICES TO
     CUSTOMERS LOCATED OUTSIDE OF THE UNITED STATES, OUR BUSINESS IS SUSCEPTIBLE
     TO RISKS ASSOCIATED WITH INTERNATIONAL SALES AND OPERATIONS.

We currently maintain offices outside of the United States and plan to have
sales personnel or independent consultants in several countries throughout the
world. Managing a global organization will be difficult, time consuming and
expensive. In addition, conducting international operations subjects us to risks
that not generally faced in the United States. These risks include:

     *    localization of our services, including translation into foreign
          languages and adaptation for local practices and regulatory
          requirements;
     *    lack of familiarity with and unexpected changes in foreign regulatory
          requirements;
     *    longer accounts receivable payment cycles and difficulties in
          collecting accounts; receivable;
     *    difficulties in managing and staffing international operations;
     *    fluctuations in currency exchange rates;
     *    potentially adverse tax consequences, including the complexities of
          foreign value added tax systems and restrictions on the repatriation
          of earnings;
     *    dependence on certain third parties, including channel partners with
          whom we do not have extensive experience;
     *    the burdens of complying with a wide variety of foreign laws and legal
          standards;
     *    increased financial accounting and reporting burdens and complexities;
     *    political, social and economic instability abroad, terrorist related
          risks and security concerns in general; and
     *    reduced or varied protection for intellectual property rights in some
          countries.

                                       10
<PAGE>
Operating in international markets also requires significant management
attention and financial resources. The investment and additional resources
required to establish operations and manage growth in other countries may not
produce desired levels of revenue or profitability.

13)  ASSERTIONS BY A THIRD PARTY THAT WE INFRINGE ITS INTELLECTUAL PROPERTY,
     WHETHER SUCCESSFUL OR NOT, COULD SUBJECT US TO COSTLY AND TIME-CONSUMING
     LITIGATION OR EXPENSIVE LICENSES.

The software and technology industries are characterized by the existence of a
large number of patents, copyrights, trademarks and trade secrets and by
frequent litigation based on allegations of infringement or other violations of
intellectual property rights. As we face increasing competition and become a
publicly traded company, the possibility of intellectual property rights claims
against us may grow. Our technologies may not be able to withstand any
third-party claims or rights against their use. Additionally, although we have
licensed from other parties proprietary technology covered by patents, we cannot
be certain that any such patents will not be challenged, invalidated or
circumvented. Furthermore, many of our service agreements require us to
indemnify our customers for certain third-party intellectual property
infringement claims, which could increase our costs as a result of defending
such claims and may require that we pay damages if there were an adverse ruling
related to any such claims. These types of claims could harm our relationships
with our customers, may deter future customers from subscribing to our services
or could expose us to litigation for these claims. Even if we are not a party to
any litigation between a customer and a third party, an adverse outcome in any
such litigation could make it more difficult for us to defend our intellectual
property in any subsequent litigation in which we are a named party.

Any intellectual property rights claim against us or our customers, with or
without merit, could be time-consuming, expensive to litigate or settle and
could divert management attention and financial resources. An adverse
determination also could prevent us from offering our suite to our customers and
may require that we procure or develop substitute services that do not infringe.

For any intellectual property rights claim against us or our customers, we may
have to pay damages or stop using technology found to be in violation of a third
party's rights. We may have to seek a license for the technology, which may not
be available on reasonable terms, if at all, may significantly increase our
operating expenses or may require us to restrict our business activities in one
or more respects. As a result, we may also be required to develop alternative
non-infringing technology, which could require significant effort and expense.

14)  MATERIAL DEFECTS OR ERRORS IN THE SOFTWARE WE USE TO DELIVER OUR SERVICES
     COULD HARM OUR REPUTATION, MAY CAUSE US TO BECOME LIABLE TO OUR CUSTOMERS,
     MAY RESULT IN THE LOSS OF EXISTING CUSTOMERS, OR MAY RESULT IN A
     SIGNIFICANT COSTS TO US AND IMPAIR OUR ABILITY TO SELL OUR SERVICES.

The software applications underlying our services are inherently complex and may
contain material defects or errors, particularly when first introduced or when
new versions or enhancements are released. We have from time to time found
defects in our service, and new errors in our existing service may be detected
in the future. Any defects that cause interruptions to the availability of our
services could result in:

     *    a reduction in sales or delay in market acceptance of our services;
     *    sales credits or refunds to our customers;
     *    loss of existing customers and difficulty in attracting new customers;
     *    diversion of development resources;
     *    harm to our reputation; and
     *    increased warranty and insurance costs.

                                       11
<PAGE>
Since customers that will use our suite will do so to manage critical aspects of
their business, any errors, defects, disruptions in service or other performance
problems with our suite, whether in connection with the day-to-day operation of
our suite, upgrades or otherwise, could damage our customers' businesses. Any
errors, defects, disruptions in service or other performance related issues
regarding our suite may result in customers electing to terminate or to not
renew any existing subscriptions, or delay or withhold payment to us which may
result in a significant loss for the Company. Customers may also make warranty
claims against us, which could result in an increase in our provision for
doubtful accounts, an increase in collection cycles for accounts receivable or
costly litigation. We do not maintain and do not expect to maintain in the
foreseeable future, insurance to adequately cover these risks.

15)  GOVERNMENT REGULATION OF THE INTERNET AND E-COMMERCE IS EVOLVING, AND
     UNFAVORABLE CHANGES OR OUR FAILURE TO COMPLY WITH REGULATIONS COULD HARM
     OUR BUSINESS AND OPERATING RESULTS.

As Internet commerce continues to evolve, increasing regulation by federal,
state or foreign agencies may become more likely. For example, the need for
increased regulation in the area of data privacy, and laws and regulations
applying to the solicitation, collection, processing or use of personal or
consumer information has been suggested by a number of politicians and if
enacted could affect our customers' ability to use and share data, potentially
reducing demand for ERP, CRM and e-commerce solutions and restricting our
ability to store, process and share our customers' data. Any regulation imposing
greater fees for Internet use or restricting information exchange over the
Internet could result in a decline in the use of the Internet and the viability
of Internet-based services, which could harm our business and operating results.

ITEM 2. PROPERTIES

EXECUTIVE OFFICES

We currently maintain our corporate office at 8th Floor-200 South Virginia
Street, Reno, NV, 89501. We pay a monthly rent of $100 for this space.

ITEM 3. LEGAL PROCEEDINGS

There are no pending, nor to our knowledge threatened, legal proceedings against
us.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were submitted to a vote of our security holders during the fourth
quarter of fiscal year 2009.

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
        ISSUER PURCHASES OF EQUITY SECURITIES.

MARKET FOR SECURITIES

Our Common Stock is traded on the over-the-counter market and quoted on the
OTCBB under the symbol "NTVS" On July 31, 2009, the closing price for our Common
Stock as reported on the OTCBB was unavailable as our Common Stock has not
traded.

The high and the low bid prices for our Common Stock is based on inter-dealer
prices, without retail mark-up, markdown or commission, and may not represent
actual transactions.

                                       12
<PAGE>
The table below sets forth the range of high and low bid information for our
Common Shares as quoted on the OTCBB for each of the quarters during the fiscal
year ended July 31, 2009 (no quotes are available for the previous fiscal year
as our stock has not traded ):

                    For the Fiscal Year Ended July 31, 2009

               For the Quarter ended         High           Low
               ---------------------         ----           ---

               October 31                     N/A           N/A
               January 31                     N/A           N/A
               April 30                       N/A           N/A
               July 31                        N/A           N/A

HOLDERS OF OUR COMMON STOCK

On November 13, 2009, the shareholders' list of our common stock showed 34
registered shareholder and 2,525,000 shares outstanding.

DIVIDEND POLICY

We have not paid any cash dividends on our common stock and have no present
intention of paying any dividends on the shares of our common stock. Our future
dividend policy will be determined from time to time by our board of directors.

Securities Authorized for Issuance under Equity Compensation Plans

As of July 31, 2009, we had not adopted an equity compensation plan and had not
granted any stock options.

Recent Sales of Unregistered Securities

During the fiscal year ended July 31, 2009 we have not sold any equity
securities not registered under the Securities Act.

Purchases of Equity Securities by the Issuer and Affiliated Purchases

During each month within the fourth quarter of the fiscal year ended July 31,
2009, neither we nor any "affiliated purchaser," as that term is defined in Rule
10b-18(a)(3) under the Exchange Act, repurchased any of our Common Stock or
other securities.

ITEM 6. SELECTED FINANCIAL DATA

Not Applicable.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATION

The following discussion should be read in conjunction with our audited
financial statements and the related notes that appear elsewhere in this annual
report. The following discussion contains forward-looking statements that
reflect our plans, estimates and beliefs. Our actual results could differ
materially from those discussed in the forward looking statements. Factors that
could cause or contribute to such differences include those discussed below and
elsewhere in this annual report.

Our financial statements are stated in United States dollars and are prepared in
accordance with United States generally accepted accounting principles.

                                       13
<PAGE>
APPLICATION OF CRITICAL ACCOUNTING ESTIMATES

The preparation of financial statements in conformity with United States
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the year.
The more significant areas requiring the use of estimates include asset
impairment, stock-based compensation, and future income tax amounts. Management
bases its estimates on historical experience and on other assumptions considered
to be reasonable under the circumstances. However, actual results may differ
from the estimates.

ACCOUNTING BASIS

These financial statements are prepared on the accrual basis of accounting in
conformity with accounting principles generally accepted in the United States of
America.

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 July
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.

FINANCIAL INSTRUMENTS

The Company's financial instruments consist of cash, prepaid expenses and
accounts payable and due to stockholder. The amount due to stockholder is non
interest-bearing. It is management's opinion that the Company is not exposed to
significant interest, currency or credit risks arising from its other financial
instruments and that their fair values approximate their carrying values except
where separately disclosed.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles of the United States requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the year.
The more significant areas requiring the use of estimates include asset
impairment, stock-based compensation, and future income tax amounts. Management
bases its estimates on historical experience and on other assumptions considered
to be reasonable under the circumstances. However, actual results may differ
from the estimates.

LOSS PER SHARE

Net income (loss) per common share is computed based on the weighted average
number of common shares outstanding and common stock equivalents, if not
anti-dilutive. The Company has not issued any potentially dilutive common
shares. Basic loss per share is calculated using the weighted average number of
common shares outstanding and the treasury stock method is used to calculate
diluted earnings per share. For the years presented, this calculation proved to
be anti-dilutive.

                                       14
<PAGE>
DIVIDENDS

The Company has not adopted any policy regarding payment of dividends. No
dividends have been paid during the period shown.

INCOME TAXES

The Company provides for income taxes using an asset and liability approach.

Deferred tax assets are reduced by a valuation allowance if, based on the weight
of available evidence, it is more likely than not that some or all of the
deferred tax assets will not be realized. No provision for income taxes is
included in the statement due to its immaterial amount, net of the allowance
account, based on the likelihood of the Company to utilize the loss
carry-forward.

EXECUTIVE OVERVIEW

We were incorporated in the state of Nevada on February 8, 2008, under the name
NetVentory Solutions, Inc., and are engaged in providing online inventory
services to small and medium sized companies. Our goal is to offer comprehensive
inventory management and product fulfillment services to our customers. Our
target clientele will include small to medium sized business owners who demand
convenient and cost effective ways to monitor and control their company's
inventory.

In order to satisfy global demand for online inventory services, we plan to
develop a network of international and domestic resellers, and also retain a
foreign sales force will manage various call centers, which will develop client
networks and contact potential customers.

As the popularity and utility of the Internet as a business tool continues to
increase, we plan to capitalize on the continually maturing marketplace for
online inventory management services. Automated inventory services are becoming
an increasingly necessary tool to reduce costs and increase productivity. From
scanning the bar codes on products stored in warehouses and storage bins, to
tracking the cost of goods sold to customers, inventory management is becoming
an essential part of everyday life for many businesses.

We believe that our company has a strategic advantage over our competition
because our customers will have access to a protected local copy of their
inventory at their premises to which they can refer to in the event of a failure
in Internet connectivity. By granting our customers a local copy of their
inventory that is readily available, our customers will have the ability to
continue with a project such as an inventory count (despite the lack of Internet
service), without disruptions. In addition, once Internet connection is
restored, the local copy will automatically synch with the client's online
inventory system, updating any changes that may have occurred during the
interruption. We believe our unique technology will find a comfortable niche in
the online inventory system business, and will continue to refine our product
and related services in order to meet the needs of small and medium size
businesses.

PLAN OF OPERATION

Our plan of operation for the 12 months following the date of this prospectus is
to focus on developing a strong network of international and domestic resellers
who will offer our online inventory management services to small and medium
sized companies. Initially, the majority of our revenue will come from the sales
contracts made by the international and domestic resellers. We anticipate that a
portion of our revenue will also come from sales to direct subscribers of our
software. We feel that our marketing strategy of developing an international and
domestic network of resellers will bring us long term profitability and allow us
to grow the business over time.

Over the next 12 months, we anticipate spending approximately $20,000 for
business operations. The budget includes all anticipated costs associated with
technological requirements, professional fees-which include the filing of this

                                       15
<PAGE>
registration statement and future compliance with reporting obligations,
marketing expenses, and also various expenses related to maintaining an office
space.

During this first year of operation, our management team will contribute to the
long-term growth and success of the business by donating their time without
charge to the business. Directors will spend at least 25 to 30 hours per week on
company business.

OFF BALANCE SHEET TRANSACTIONS

We have had no off balance sheet transactions.

SIGNIFICANT EQUIPMENT

We do not intend to purchase any significant equipment for the next twelve
months.

RESULTS OF OPERATIONS

REVENUES

We had no revenues for the period from February 8, 2008 (date of inception),
through July 31, 2009.

EXPENSES

Our expenses for the twelve month periods ended July 31, 2009 and 2008, were
$33,714 and $7,187, respectively. During the period from February 8, 2008 (date
of inception), through July 31, 2009, we incurred expenses of $40,901. These
expenses were comprised primarily of office rent, legal expenses, accounting
expenses, SEC filing fees, transfer agent fees, as well as bank fees.

NET INCOME (LOSS)

Our net loss for the twelve-month periods ended July 31, 2009, and 2008, were
$33,714 and $7,187, respectively. During the period from February 8, 2008 (date
of inception), through July 31, 2009, we incurred a net loss of $40,901. This
loss consisted of office rent, legal expenses, accounting expenses, SEC filing
fees, transfer agent fees, as well as bank fees. Since inception, we have sold
2,140,000 shares of common stock.

PURCHASE OR SALE OF EQUIPMENT

We do not expect to purchase or sell any plant or significant equipment.

LIQUIDITY AND CAPITAL RESOURCES

Our balance sheet as of July 31, 2009, reflects assets of $24,366 in the form of
cash, prepaid expenses and a website. Since inception, we have sold 2,525,000
shares of common stock with gross proceeds of $47,000. However, cash resources
provided from our capital formation activities have, from inception, been
insufficient to provide the working capital necessary to operate our Company.

We anticipate generating losses in the near term, and therefore, may be unable
to continue operations in the future. We require additional capital, and we may
have to issue debt or equity or enter into a strategic arrangement with a third
party to obtain such capital. There can be no assurance that additional capital
will be available to us. We currently have no agreements, arrangements, or
understandings with any person to obtain funds through bank loans, lines of
credit, or any other sources.

GOING CONCERN CONSIDERATION

Our registered independent auditors included an explanatory paragraph in their
report on the accompanying financial statements regarding concerns about our
ability to continue as a going concern. Our financial statements contain

                                       16
<PAGE>
additional note disclosures describing the circumstances that lead to this
disclosure by our registered independent auditors.

Due to this doubt about our ability to continue as a going concern, management
is open to new business opportunities which may prove more profitable to the
shareholders of Netventory Solutions, Inc. In the past, we have been able to
raise a limited amount of capital through private placements of our equity
stock, but we are uncertain about our continued ability to raise funds
privately. Further, we believe that our company may have difficulties raising
capital unless we locate a prospective new business opportunity through which we
can pursue a new plan of operation. If we are unable to secure adequate capital
to implement our current business plan or to continue our acquisition efforts of
a new business opportunity, our business may fail and our stockholders may lose
some or all of their investment.

Should our original business plan fail, we anticipate that the selection of a
business opportunity in which to participate will be complex and without
certainty of success. Management believes that there are numerous firms in
various industries seeking the perceived benefits of being a publicly registered
corporation. Business opportunities may be available in many different
industries and at various stages of development, all of which will make the task
of comparative investigation and analysis of such business opportunities
extremely difficult and complex. We can provide no assurance that we will be
able to locate compatible business opportunities.

                                       17
<PAGE>
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Maddox Ungar Silberstein, PLLC CPAs and Business Advisors
                                                            Phone (248) 203-0080
                                                              Fax (248) 281-0940
                                                30600 Telegraph Road, Suite 2175
                                                    Bingham Farms, MI 48025-4586
                                                             www.maddoxungar.com


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Netventory Solutions, Inc.
Reno, Nevada

We have audited the accompanying balance sheets of Netventory Solutions, Inc., a
Nevada  Corporation,  as of July 31, 2009 and 2008 and the related statements of
operations,  stockholders' equity, and cash flows for the periods then ended and
for the period from February 8, 2008 (date of inception)  through July 31, 2009.
These financial  statements are the responsibility of the Company's  management.
Our responsibility is to express an opinion on these financial  statements based
on our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audis to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company has determined that it
is not  required  to  have,  nor were we  engaged  to  perform,  an audit of its
internal control over financial reporting.  Our audits included consideration of
internal  control  over  financial  reporting  as a basis  for  designing  audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the  effectiveness  of the Company's  internal  control
over  financial  reporting.  Accordingly,  we express no such opinion.  An audit
includes  examining  on a  test  basis,  evidence  supporting  the  amounts  and
disclosures in the financial  statements.  An audit also includes  assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Netventory Solutions,  Inc., as
of July 31, 2009 and 2008 and the results of its  operations  and cash flows for
the periods  then ended and from  February 8, 2008 (date of  inception)  through
July 31, 2009, in conformity with accounting  principles  generally  accepted in
the United States of America.

The  accompanying   financial   statements  have  been  prepared  assuming  that
Netventory  Solutions,  Inc. will continue as a going  concern.  As discussed in
Note 7 to the  financial  statements,  the  Company  has  incurred  losses  from
operations,  has negative working capital,  and is in need of additional capital
to grow its  operations  so that it can become  profitable.  These factors raise
substantial  doubt about the Company's  ability to continue as a going  concern.
Management's  plans with regard to these  matters are  described  in Note 7. The
accompanying  financial  statements  do not include any  adjustments  that might
result from the outcome of this uncertainty.


/s/ Maddox Ungar Silberstein, PLLC
------------------------------------------

Bingham Farms, Michigan
November 11, 2009

                                       18
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                          AS OF JULY 31, 2009 AND 2008

<TABLE>
<CAPTION>
                                                                          July 31,           July 31,
                                                                            2009               2008
                                                                          --------           --------
<S>                                                                       <C>                <C>
ASSETS

Current Assets
  Cash                                                                    $  9,756           $ 40,763
  Prepaid expenses                                                           5,610                 --
                                                                          --------           --------
Total Current Assets                                                        15,366             40,763
                                                                          --------           --------
Other Assets
  Website                                                                    9,000                 --
                                                                          --------           --------

Total Assets                                                              $ 24,366           $ 40,763
                                                                          ========           ========

LIABILITIES

Current Liabilities
  Accounts payable and accrued expenses                                   $  6,233           $     --
  Due to stockholder                                                        12,034                950
                                                                          --------           --------
Total Liabilities                                                           18,267                950
                                                                          --------           --------

STOCKHOLDERS` EQUITY
  Common stock: 100,000,000 shares authorized, par value $0.001;
   2,140,000 shares issued and outstanding                                   2,140              2,140
  Additional paid in capital                                                44,860             44,860
  Deficit accumulated during the development stage                         (40,901)            (7,187)
                                                                          --------           --------
Total Stockholders' Equity                                                   6,099             39,813
                                                                          --------           --------

Total Liabilities and Stockholders' Equity                                $ 24,366           $ 40,763
                                                                          ========           ========
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       19
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                   FOR THE YEARS ENDED JULY 31, 2009 AND 2008
        FOR THE PERIOD FROM FEBRUARY 8, 2008 (INCEPTION) TO JULY 31, 2009

<TABLE>
<CAPTION>
                                                                                              Period from
                                                                                            February 8, 2008
                                                   Year Ended            Year Ended          (Inception) to
                                                    July 31,              July 31,              July 31,
                                                      2009                  2008                  2009
                                                  -----------           -----------           -----------
<S>                                               <C>                   <C>                   <C>
REVENUES                                          $        --           $        --           $        --
                                                  -----------           -----------           -----------
OPERATING EXPENSES
  Professional fees                                    19,904                 6,300                26,204
  Consulting fees                                       1,000                    --                 1,000
  Filing fees                                          12,261                    --                12,261
  General and administrative                              549                   887                 1,436
                                                  -----------           -----------           -----------
TOTAL OPERATING EXPENSES                               33,714                 7,187                40,901
                                                  -----------           -----------           -----------

NET LOSS PRIOR TO PROVISION FOR INCOME TAXES          (33,714)               (7,187)              (40,901)

PROVISION FOR INCOME TAXES                                 --                    --                    --
                                                  -----------           -----------           -----------

NET LOSS                                          $   (33,714)          $    (7,187)          $   (40,901)
                                                  ===========           ===========           ===========

NET LOSS PER SHARE: BASIC AND DILUTED             $     (0.00)          $     (0.00)          $     (0.00)
                                                  ===========           ===========           ===========

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING       2,140,000             2,140,000             2,140,000
                                                  ===========           ===========           ===========
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       20
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        STATEMENT OF STOCKHOLDERS' EQUITY
                               AS OF JULY 31, 2009

<TABLE>
<CAPTION>
                                                                                          Deficit
                                                                                        Accumulated
                                                     Common Shares        Additional      During
                                                  Issued                   Paid-in      Development       Total
                                                  Shares       Amount      Capital         Stage         Equity
                                                  ------       ------      -------         -----         ------
<S>                                              <C>         <C>           <C>            <C>           <C>
Balance, February 8, 2008 (date of inception)          --      $   --      $    --       $     --       $     --

Shares issued to founder on Feb 8, 2008
 @ $0.01 per share                              1,500,000       1,500       13,500             --         15,000

Private placement at $0.05 per share on
 June 30, 2008                                    640,000         640       31,360             --         32,000

Net (loss)                                             --          --           --         (7,187)        (7,187)
                                                ---------      ------      -------       --------       --------

Balance, July 31, 2008                          2,140,000       2,140       44,860         (7,187)        39,813

Net loss                                               --          --           --        (33,714)       (33,714)
                                                ---------      ------      -------       --------       --------

Balance, July 31, 2009                          2,140,000      $2,140      $44,860       $(40,901)      $  6,099
                                                =========      ======      =======       ========       ========
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       21
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                   FOR THE YEARS ENDED JULY 31, 2009 AND 2008
        FOR THE PERIOD FROM FEBRUARY 8, 2008 (INCEPTION) TO JULY 31, 2009

<TABLE>
<CAPTION>
                                                                                          Period from
                                                                                        February 8, 2008
                                                     Year Ended         Year Ended       (Inception) to
                                                      July 31,           July 31,           July 31,
                                                        2009               2008               2009
                                                      --------           --------           --------
<S>                                                   <C>                <C>                <C>
OPERATING ACTIVITIES
  Net loss                                            $(33,714)          $ (7,187)          $(40,901)
  (Increase) in prepaid expenses                        (5,610)                --             (5,610)
  Increase in accounts payable                           6,233                 --              6,233
                                                      --------           --------           --------

Cash used in operating activities                      (33,091)            (7,187)           (40,278)
                                                      --------           --------           --------
FINANCING ACTIVITIES
  Sale of common stock                                      --             47,000             47,000
  Increase in due to stockholder                        11,084                950             12,034
                                                      --------           --------           --------

Cash from financing activities                          11,084             47,950             59,034
                                                      --------           --------           --------
INVESTING ACTIVITY
  Website development                                   (9,000)                --             (9,000)
                                                      --------           --------           --------

Cash used in investing activity                         (9,000)                --             (9,000)
                                                      --------           --------           --------

Increase (Decrease) in cash                            (31,007)            40,763              9,756
Cash, opening                                           40,763                 --                 --
                                                      --------           --------           --------

Cash, closing                                         $  9,756           $ 40,763           $  9,756
                                                      ========           ========           ========

Supplemental disclosure of cash flow information:

Cash paid for interest                                $     --           $     --           $     --
                                                      ========           ========           ========

Cash paid for income taxes                            $     --           $     --           $     --
                                                      ========           ========           ========
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       22
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 1 - NATURE OF OPERATIONS

Netventory  Solutions Inc. ("the Company"),  incorporated in the state of Nevada
on February 8, 2008, has business activities in inventory management solutions.

The company has limited  operations  and is considered to be in the  development
stage.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Accounting Basis
These  financial  statements  are prepared on the accrual basis of accounting in
conformity with accounting principles generally accepted in the United States of
America.

Financial Instruments
The Company's financial instruments consist of cash, prepaid expenses,  accounts
payable and an amunt due to  stockholder.  The amount due to  stockholder is non
interest-bearing.  It is management's opinion that the Company is not exposed to
significant interest,  currency or credit risks arising from its other financial
instruments and that their fair values  approximate their carrying values except
where separately disclosed.

Use of Estimates
The preparation of financial  statements in conformity  with generally  accepted
accounting principles of the United States requires management to make estimates
and assumptions  that affect the reported  amounts of assets and liabilities and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the reported  amounts of revenues and expenses  during the year.
The  more  significant  areas  requiring  the  use of  estimates  include  asset
impairment,  stock-based compensation, and future income tax amounts. Management
bases its estimates on historical experience and on other assumptions considered
to be reasonable  under the  circumstances.  However,  actual results may differ
from the estimates.

Dividends
The  Company  has not  adopted any policy  regarding  payment of  dividends.  No
dividends have been paid during the period shown.

Loss Per Share
Net loss per common share is computed  based on the weighted  average  number of
common shares  outstanding and common stock  equivalents,  if not anti-dilutive.
The Company has not issued any potentially dilutive common shares.

Basic loss per share is calculated  using the weighted  average number of common
shares  outstanding  and the treasury stock method is used to calculate  diluted
earnings  per share.  For the years  presented,  this  calculation  proved to be
anti-dilutive.

                                       23
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes
The Company  provides  for income taxes uisng an asset and  liability  approach.
Deferred tax assets are reduced by a valuation allowance if, based on the weight
of  available  evidence,  it is more  likely  than not  that  some or all of the
deferred  tax assets will not be  realized.  No  provision  for income  taxes is
included in the statement  due to its  immaterial  amount,  net of the allowance
account,   based  on  the   likelihood  of  the  Company  to  utilize  the  loss
carry-forward.

NOTE 3 - DUE TO STOCKHOLDER

The amount owing to  stockholder is unsecured,  non-interest  bearing and has no
specific terms of repayment.

NOTE 4 - STOCKHOLDERS' EQUITY

The company has  100,000,000  common shares  authorized at a par value of $0.001
per share.  During the period ended July 31, 2008, the company issued  2,140,000
common shares for total  proceeds of $47,000.  As of July 31, 2009,  the company
has no warrants or options  outstanding.  There were no additional shares issued
during the year ended July 31,  2009.  Total shares  outstanding  as of July 31,
2009 were 2,140,000.

NOTE 5 - INCOME TAXES

In the Company's  opinion,  it is uncertain whether it will generate  sufficient
taxable  income in the  future to fully  utilize  the net  deferred  tax  asset.
Accordingly,  a valuation  allowance  equal to the  deferred  tax asset has been
recorded.  The  total  deferred  tax asset is  $8,998,  which is  calculated  by
multiplying a 22% estimated tax rate by the cumulative NOL of $40,901.

NOTE 6 - RELATED PARTY TRANSACTION

As at July 31, 2009, there is a balance owing to a stockholder of the Company in
the amount of $12,034.

The  officers  and  directors  of the  Company are  involved  in other  business
activities  and  may,  in  the  future,   become   involved  in  other  business
opportunities  that  become  available.  They may face a conflict  in  selecting
between the Company and other business interests. The Company has not formulated
a policy for the resolution of such conflicts.

NOTE 7 - GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
company  will  continue as a going  concern.  As  discussed  in the notes to the
financial  statements,  the Company has no established  source of revenue.  This
raises  substantial  doubt  about the  Company's  ability to continue as a going
concern. Without realization of additional capital, it would be unlikely for the
Company to continue as a going concern.  The financial statements do not include
any adjustments that might result from this uncertainty.

                                       24
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 7 - GOING CONCERN (CONTINUED)

The Company's activities to date have been supported by equity financing. It has
sustained  losses in all  previous  reporting  periods with an inception to date
loss of $40,901 as of July 31, 2009.  Management  continues to seek funding from
its shareholders  and other qualified  investors to pursue its business plan. In
the  alternative,  the  Company  may be  amenable  to a sale,  merger  or  other
acquisition  in the event such  transaction is deemed by management to be in the
best interests of the shareholders.

NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS

Below is a listing of the most recent  accounting  standards and their effect on
the Company.

STATEMENT  NO.  150  -  ACCOUNTING  FOR  CERTAIN   FINANCIAL   INSTRUMENTS  WITH
CHARACTERISTICS OF BOTH LIABILITIES AND EQUITY (ISSUED 5/03)

This Statement  establishes  standards for how an issuer classifies and measures
certain  financial  instruments  with  characteristics  of both  liabilities and
equity.

STATEMENT NO. 151- INVENTORY COSTS-AN AMENDMENT OF ARB NO. 43, CHAPTER 4 (ISSUED
11/04)

This statement amends the guidance in ARB No. 43, Chapter 4, INVENTORY  PRICING,
to  clarify  the  accounting  for  abnormal  amounts of idle  facility  expense,
freight, handling costs, and wasted material (spoilage).  Paragraph 5 of ARB 43,
Chapter 4, previously  stated that "...under some  circumstances,  items such as
idle facility expense,  excessive spoilage, double freight and re-handling costs
may be so abnormal ass to require treatment as current period  charges...." This
Statement  requires  that those items be recognized  as  current-period  charges
regardless  of whether they meet the  criterion of "so  abnormal."  In addition,
this Statement  requires that  allocation of fixed  production  overheads to the
costs  of  conversion  be  based  on  the  normal  capacity  of  the  production
facilities.

STATEMENT NO. 152 - ACCOUNTING  FOR REAL ESTATE  TIME-SHARING  TRANSACTIONS  (AN
AMENDMENT OF FASB STATEMENTS NO. 66 AND 67)

This  Statement  amends  FASB  Statement  No. 66,  ACCOUNTING  FOR SALES OF REAL
ESTATE,  to reference the financial  accounting and reporting  guidance for real
estate time-sharing transactions that is provided in AICPA Statement of Position
(SOP) 04-2, ACCOUNTING FOR REAL ESTATE TIME-SHARING TRANSACTIONS.

This  Statement  also amends FASB  Statement  No. 67,  Accounting  FOR COSTS AND
INITIAL RENTAL OPERATIONS OF REAL ESTATE PROJECTS,  states that the guidance for
(a) incidental  operations  and (b) costs incurred to sell real estate  projects
does not apply to real estate  time-sharing  transactions.  The  accounting  for
those operations and costs is subject to the guidance in SOP 04-2.

                                       25
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

STATEMENT NO. 153- EXCHANGES OF NON-MONETARY ASSETS (AN AMENDMENT OF APB OPINION
NO. 29)

The guidance in APB Opinion No. 29, ACCOUNTING FOR NON-MONETARY TRANSACTIONS, is
based on the principle that exchanges of non-monetary  assets should be measured
based on the fair value of the assets  exchanged.  The guidance in that Opinion,
however,  includes  certain  exceptions to the principle.  This Statement amends
Opinion 29 to eliminate  the  exception  for  non-monetary  exchanges of similar
productive  assts and  replaces it with a general  exception  for  exchanges  of
non-monetary  assets  that do not  have  commercial  substance.  A  non-monetary
exchange  has  commercial  substance  if the future cash flows of the entity are
expected to change significantly as a result of the exchange.

STATEMENT NO. 154 - ACCOUNTING  CHANGES AND ERROR  CORRECTIONS (A REPLACEMENT OF
APB OPINION NO. 20 AND FASB STATEMENT NO. 3)

This  Statement  replaces  APB  Opinion  No. 20,  ACCOUNTING  CHANGES,  and FASB
Statement No. 3, REPORTING  ACCOUNTING CHANGES IN INTERIM FINANCIAL  STATEMENTS,
and changes the requirements for the accounting for and reporting of a change in
accounting  principle.  This  Statement  applies  to all  voluntary  changes  in
accounting  principle.  It also  applies to changes  required  by an  accounting
pronouncement  in the unusual instance that the  pronouncement  does not include
specific  transition   provisions.   When  a  pronouncement   includes  specific
transition provisions, those provisions should be followed.

SFAS NO. 155 ACCOUNTING FOR CERTAIN HYBRID FINANCIAL INSTRUMENTS-AN AMENDMENT OF
FASB STATEMENTS NO. 133 AND 140

This  statement  amends FASB  Statements  No. 140,  Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities. This statement
resolves  issues  addressed  in  Statement  133  Implementation  Issue  No.  D1,
Application of Statement 133 to Beneficial  Interests in  Securitized  Financial
Assets.  This statement is effective for all financial  instruments  acquired or
issued after the  beginning  of an entity's  first fiscal year that begins after
September 15, 2006.

SFAS NO. 156 ACCOUNTING FOR SERVICING OF FINANCIAL  ASSETS-AN  AMENDMENT OF FASB
STATEMENT NO. 140

This statement  amends FASB Statement No. 140 with respect to the accounting for
separately  recognized  servicing  liabilities.  An  entity  should  adopt  this
statement  as of the  beginning  of its  first  fiscal  year that  begins  after
September 15, 2006.

SFAS NO. 157 FAIR VALUE MEASUREMENTS

In September 2006, the FASB issued SFAS No. 157, FAIR VALUE MEASUREMENTS,  which
defines  fair  value,  establishes  a  framework  for  measuring  fair  value in
generally accepted  accounting  principles,  and expands  disclosures about fair
value  measurements.   SFAS  No.  157  does  not  require  any  new  fair  value
measurements,  but provides guidance on how to measure fair value by providing a
fair  value  hierarchy  used to  classify  the source of the  information.  This
statement is effective for us beginning May 1, 2008.

                                       26
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

SFAS NO.  158  EMPLOYERS'  ACCOUNTING  FOR  DEFINED  BENEFIT  PENSION  AND OTHER
POSTRETIREMENT  PLANS-AN  AMENDMENT  OF FASB  STATEMENTS  NO. 87, 88,  106,  AND
132(R))

This  statement  improves  the  financial  reporting by requiring an employer to
recognize  the   overfunded  or   underfunded   status  of  a  defined   benefit
postretirement plan (other than a multiemployer plan) as an asset or liabilities
in its statement of financial  positions and to recognize changes in that funded
status in the year in which the changes occur through  comprehensive income of a
business entity.  This statement also improves financial  reporting by requiring
an  employer  to  measure  the  funded  status  of a plan as of the  date of its
year-end statement of financial position, with limited exceptions.

SFAS  NO.  159  THE  FAIR  VALUE  OPTION  FOR  FINANCIAL  ASSETS  AND  FINANCIAL
LIABILITIES-INCLUDING AN AMENDMENT OF FASB STATEMENT NO. 115

This statement permits entities to choose to measure many financial  instruments
and  certain  items at fair value.  The  objective  is to improve the  financial
reporting by providing  entities with the opportunity to mitigate  volatility in
reported earnings caused by measuring related assets and liabilities differently
without having to apply complex hedge accounting  provisions.  This statement is
expected to expand the use of fair value  measurement  objectives for accounting
for financial instruments. This statement is effective as of the beginning of an
entity's first fiscal year that begins after November 15, 2007.

SFAS NO. 160 NON-CONTROLLING  INTEREST IN CONSOLIDATED  FINANCIAL  STATEMENTS-AN
AMENDMENT OF ARB NO. 51

This statement amends ARB 51 to establish accounting and reporting standards for
the  non-controlling  interest in a subsidiary and for the  deconsolidation of a
subsidiary.  It also  changes  the  way the  consolidated  income  statement  is
presented for non-controlling interest. This statement improves comparability by
eliminating   diversity  of  methods.  This  statement  also  requires  expanded
disclosure.

SFAS NO. 161

This statement is intended to enhance the disclosure requirements for derivative
instruments and hedging activities as required by SFAS 133.

SFAS 162

This  statement  indentifies  the  sources  of  accounting  principles  and  the
framework  for  selecting  the  principles  to by  used  in the  preparation  of
financial  statements  for  entities  that  are  presented  in  conformity  with
generally  accepted  accounting  principles  in the  United  States,  (the  GAAP
hierarchy).

                                       27
<PAGE>
                           NETVENTORY SOLUTIONS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  JULY 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

FIN NO. 48

In June 2006, the FASB issued  Interpretation No. 48 ("FIN No. 48"),  ACCOUNTING
FOR UNCERTAINTY IN INCOME  TAXES--AN  INTERPRETATION  OF FASB STATEMENT NO. 109,
which clarifies the accounting for uncertainty in income taxes  recognized in an
enterprise's  financial  statements in accordance with SFAS No. 109,  ACCOUNTING
FOR INCOME  TAXES.  The  Interpretation  provides a  recognition  threshold  and
measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return.  Under FIN No. 48,
the Company may recognize the tax benefit from an uncertain tax position only if
it is  more  likely  than  not  that  the tax  position  will  be  sustained  on
examination  by the taxing  authorities,  based on the  technical  merits of the
position.  The tax benefits  recognized in the financial  statements from such a
position should be measured based on the largest benefit that has a greater than
50%  likelihood  of being  realized upon  ultimate  settlement.  FIN No. 48 also
provides  guidance on  de-recognition,  classification,  interest and penalties,
accounting  in  interim  periods,  disclosure,  and  transition.  FIN No.  48 is
effective for us beginning July 1, 2007.

In June  2006,  the FASB  ratified  the  Emerging  Issues  Task  Force  ("EITF")
consensus on EITF Issue No. 06-2,  "Accounting  for  Sabbatical  Leave and Other
Similar  Benefits  Pursuant  to FASB  Statement  No.  43." EITF  Issue No.  06-2
requires  companies  to  accrue  the  costs  of  compensated  absences  under  a
sabbatical or similar  benefit  arrangement  over the requisite  service period.
EITF Issue No. 06-2 is effective for us beginning  July 1, 2007.  The cumulative
effect of the  application  of this  consensus on prior period results should be
recognized through a cumulative-effect adjustment to retained earnings as of the
beginning of the year of adoption.  Elective  retrospective  application is also
permitted.

Staff Accounting Bulletin ("SAB") No. 108, Considering the Effects of Prior Year
Misstatements when Quantifying Current Year Misstatements.  SAB No. 108 requires
companies to quantify  misstatements  using both a balance sheet (iron  curtain)
and an income statement  (rollover) approach to evaluate whether either approach
results in an error  that is  material  in light of  relevant  quantitative  and
qualitative  factors,  and provides for a one-time  cumulative effect transition
adjustment. SAB No. 108.

The FASB has replaced SFAS No. 141 with a new statement on Business Combinations
that  changes  the way that  minority  interest is  recorded  and  modified as a
parent's interest in a subsidiary  changes.  The adoption of these and other new
Statements is not expected to have a material  effect on the  Company's  current
financial position, results or operations, or cash flows.

NOTE 9 - SUBSEQUENT EVENTS

The Company has  analyzed  its  operations  subsequent  to July 31, 2009 through
November  13,  2009  and has  determined  that it does  not  have  any  material
subsequent events to disclose in these financial statements.

                                       28
<PAGE>
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

DISCLOSURE CONTROLS AND PROCEDURES

As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934,
as amended (the "Exchange Act"), as of July 31, 2009, we carried out an
evaluation of the effectiveness of the design and operation of our disclosure
controls and procedures. This evaluation was carried out under the supervision
and with the participation of our management, our President (Principal Executive
Officer and Principal Financial Officer). Based upon the results of that
evaluation, our management has concluded that, as of July 31, 2009, our
disclosure controls and procedures were effective, in that they provide
reasonable assurance that material information related to our Company required
to be disclosed in the reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in the SEC's rules and forms, and that such information is accumulated and
communicated to management to allow timely decisions on required disclosure.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange
Act of 1934 as a process designed by, or under the supervision of, the company's
principal executive and principal financial officers and effected by the
company's board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America and
includes those policies and procedures that:

     -    Pertain to the maintenance of records that in reasonable detail
          accurately and fairly reflect the transactions and dispositions of the
          assets of the company;
     -    Provide reasonable assurance that transactions are recorded as
          necessary to permit preparation of financial statements in accordance
          with accounting principles generally accepted in the United States of
          America and that receipts and expenditures of the company are being
          made only in accordance with authorizations of management and
          directors of the company; and
     -    Provide reasonable assurance regarding prevention or timely detection
          of unauthorized acquisition, use or disposition of the company's
          assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. All internal control systems,
no matter how well designed, have inherent limitations. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Because of the
inherent limitations of internal control, there is a risk that material
misstatements may not be prevented or detected on a timely basis by internal
control over financial reporting. However, these inherent limitations are known
features of the financial reporting process. Therefore, it is possible to design
into the process safeguards to reduce, though not eliminate, this risk.

As of July 31, 2009, our principal executive officer and principal financial
officer assessed the effectiveness of our internal control over financial
reporting based on the criteria for effective internal control over financial
reporting established in Internal Control--Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and
SEC guidance on conducting such assessments. Based on that evaluation, he
concluded that, during the period covered by this report, such internal controls
and procedures were not effective. This was due to deficiencies that existed in
the design or operation of our internal controls over financial reporting

                                       29
<PAGE>
described below which adversely affected our internal controls and which may be
considered to be material weaknesses.

The matters involving internal controls and procedures that our principal
executive officer and principal financial officer considered to be material
weaknesses under the standards of the Public Company Accounting Oversight Board
were: (1) lack of a functioning audit committee due to a lack of a majority of
independent members and a lack of a majority of outside directors on our board
of directors, resulting in ineffective oversight in the establishment and
monitoring of required internal controls and procedures; (2) inadequate
segregation of duties consistent with control objectives; and (3) ineffective
controls over period end financial disclosure and reporting processes. The
aforementioned material weaknesses were identified by our principal executive
officer and principal financial officer in connection with the audit of our
financial statements as of July 31, 2009.

Our principal executive officer and principal financial officer believes that
the material weaknesses set forth in items (2) and (3) above did not have an
effect on our financial results. However, our principal executive officer and
principal financial officer believes that the lack of a functioning audit
committee and the lack of a majority of outside directors on our board of
directors result in ineffective oversight in the establishment and monitoring of
required internal controls and procedures, which could result in a material
misstatement in our financial statements in future periods.

This annual report does not include an attestation report of the Company's
registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by the Company's
registered public accounting firm pursuant to temporary rules of the SEC that
permit the Company to provide only the management's report in this annual
report.

MANAGEMENT'S REMEDIATION INITIATIVES

In an effort to remediate the identified material weaknesses and other
deficiencies and enhance our internal controls, we have initiated, or plan to
initiate, the following series of measures:

We will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to us. And, we plan to
appoint one or more outside directors to our board of directors who shall be
appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required
internal controls and procedures such as reviewing and approving estimates and
assumptions made by management when funds are available to us.

Management believes that the appointment of one or more outside directors, who
shall be appointed to a fully functioning audit committee, will remedy the lack
of a functioning audit committee and a lack of a majority of outside directors
on our Board.

We anticipate that these initiatives will be at least partially, if not fully,
implemented by December 31, 2009. Additionally, we plan to test our updated
controls and remediate our deficiencies by July 31, 2010.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There was no change in our internal controls over financial reporting that
occurred during the period covered by this report, which has materially
affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.

ITEM 9B. OTHER INFORMATION.

None.

                                       30
<PAGE>
                                    PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE EXECUTIVE
         OFFICER AND DIRECTORS

Our officers and directors and their ages and positions are as follows:

     Name                       Age               Position
     ----                       ---               --------

Ronald C. Dela Cruz             33            President and Director

David Marby                     28            Director

BIOGRAPHICAL INFORMATION

Set forth below is a brief description of the background and business experience
of our executive officer and director for the past five years.

RONALD C. DELA CRUZ, PRESIDENT AND BOARD MEMBER.

Mr. Dela Cruz is currently employed as a PhP software developer for CitizensSoft
Inc. in the Philippines where he has worked since February of 2007. Prior to
that he held a similar position as a PhP software developer at the Institute for
Popular Democracy where he worked on web based database management software
products beginning in 2005. In this role, Mr. Dela Cruz was involved in both the
software development and the migration to a web-based platform for users. Prior
to that, from 2002 to 2005, he worked as an independent software developer on
projects related to wireless, multimedia, web development and artificial
intelligence. Mr. Dela Cruz has worked extensively with Java, ASP, PhP, MySQL,
PostgreSQL and C++. Prior to working as a freelance developer he worked for UP
Diliman as a Graduate Research Assistant from June 2000 to April 2002 and at
Software Brewers Inc. in the Philippines from July 1997 to April 1999.

He graduated with a Bachelor's degree in Computer Science / Information
Technology from the Polytechnic University of the Philippines in April 1997.
Since then he has completed 30 units of credit towards his Masters degree in
Computer Science.

DAVID MARBY, BOARD MEMBER.

Mr. Marby is currently employed as a Senior Account Manager for Pixel Pro Design
Studio in the Philippines, a position he held since October 2006. His
responsibilities include all aspects of sales and marketing account management
activities. Between January 2005 and September 2006, Mr. Marby was employed as
the Customer Service Representative (CSR) Supervisor at Wi-Max Business
Innovations Inc. His job responsibilities included handling all customer
requests as well as sales enquiries. He assisted the sales staff in resolving
problems brought forth by the company's customers and handled various aspects of
staff operations.

Mr. Marby attended the Technological Institute of the Philippines from 1997 to
1998 with a focus on Civil Engineering. From 1998 to 2000, he attended AMA
Computer Learning Center where he focused on computer system design and
programming courses.

                                       31
<PAGE>
COMMITTEES OF THE BOARD OF DIRECTORS

To date, our Board of Directors has not established a nominating and governance
committee, a compensation committee, nor an audit committee.

CODE OF ETHICS

We currently do not have a Code of Ethics.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our
directors, executive officers, and stockholders holding more than 10% of our
outstanding common stock, to file with the Securities and Exchange Commission
initial reports of ownership and reports of changes in beneficial ownership of
our common stock. Executive officers, directors and greater-than-10%
stockholders are required by SEC regulations to furnish us with copies of all
Section 16(a) reports they file. To our knowledge, based solely on review of the
copies of such reports furnished to us for the period ended March 31, 2009, no
Section 16(a) reports required to be filed by our executive officers, directors
and greater-than-10% stockholders were not filed on a timely basis.

ITEM 11.  EXECUTIVE COMPENSATION.

The particulars of compensation paid to the following persons during the fiscal
period ended July 31, 2009 are set out in the summary compensation table below:

     *    our Chief Executive Officer (Principal Executive Officer);
     *    our Chief Financial Officer (Principal Financial Officer);
     *    each of our three most highly compensated executive officers, other
          than the Principal Executive Officer and the Principal Financial
          Officer, who were serving as executive officers at the end of the
          fiscal year ended July 31, 2009; and
     *    up to two additional individuals for whom disclosure would have been
          provided under the item above but for the fact that the individual was
          not serving as our executive officer at the end of the fiscal year
          ended July 31, 2009;

         (collectively, the "Named Executive Officers"):

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                        Non-Equity    Nonqualified
                                                                         Incentive      Deferred
                     Fiscal Year                      Stock    Option       Plan      Compensation    All Other
                       Ended       Salary    Bonus    Awards   Awards   Compensation    Earnings     Compensation   Total
Name                  July 31,       ($)      ($)      ($)       ($)        ($)            ($)           ($)         ($)
----                   -----       ------    -----    ------   ------   ------------    --------     ------------   -----
<S>                     <C>          <C>       <C>      <C>      <C>         <C>            <C>           <C>          <C>
Mr. Ronald C. Dela     2009         0         0        0        0           0              0             0            0
Cruz (1)               2008         0         0        0        0           0              0             0            0
</TABLE>

Notes:

(1)  Mr. Dela Cruz has been our President and a Director since we were
     incorporated on February 8, 2008.

                                       32
<PAGE>
                  OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

<TABLE>
<CAPTION>
                                      Option Awards                                             Stock Awards
          ----------------------------------------------------------------   ----------------------------------------------
                                                                                                                    Equity
                                                                                                                   Incentive
                                                                                                        Equity       Plan
                                                                                                       Incentive    Awards:
                                                                                                         Plan      Market or
                                                                                                        Awards:     Payout
                                             Equity                                                    Number of   Value of
                                            Incentive                           Number                 Unearned    Unearned
                                           Plan Awards;                           of        Market      Shares,     Shares,
            Number of      Number of        Number of                           Shares     Value of    Units or    Units or
           Securities     Securities       Securities                          or Units   Shares or     Other        Other
           Underlying     Underlying       Underlying                          of Stock    Units of     Rights      Rights
           Unexercised    Unexercised      Unexercised   Option     Option       That     Stock That     That        That
            Options         Options         Unearned    Exercise  Expiration   Have Not    Have Not    Have Not    Have Not
Name      Exercisable(#) Unexercisable(#)   Options(#)   Price($)    Date      Vested(#)   Vested($)   Vested(#)   Vested($)
----      -------------- ----------------  ----------    -----       ----      ---------   ---------   ---------   ---------
<S>            <C>            <C>            <C>        <C>         <C>         <C>        <C>         <C>        <C>

Mr. Ronald     --             --               --          --         --          --           --          --          --
C. Dela Cruz
</TABLE>

OPTION GRANTS AND EXERCISES

There were no option grants or exercises by any of the executive officers named
in the Summary Compensation Table above.

EMPLOYMENT AGREEMENTS

We have not entered into employment and/or consultant agreements with our
Directors and officers.

COMPENSATION OF DIRECTORS

All directors receive reimbursement for reasonable out-of-pocket expenses in
attending board of directors meetings and for promoting our business. From time
to time we may engage certain members of the board of directors to perform
services on our behalf. In such cases, we compensate the members for their
services at rates no more favorable than could be obtained from unaffiliated
parties. Our directors have not received any compensation for the fiscal year
ended July 31, 2009.

                                       33
<PAGE>
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
         RELATED STOCKHOLDER MATTERS

BENEFICIAL OWNERSHIP OF HOLDINGS

The table below sets forth the number and percentage of shares of our common
stock owned as of October 26, 2009, by the following persons: (i) stockholders
known to us who own 5% or more of our outstanding shares, (ii) each of our
Directors, and (iii) our officers and Directors as a group. Unless otherwise
indicated, each of the stockholders has sole voting and investment power with
respect to the shares beneficially owned.

<TABLE>
<CAPTION>
                       Name and Address of               Amount and Nature          Percentage of
Title of Class         Beneficial Owner (2)           of Beneficial Ownership         Class (1)
--------------         --------------------           -----------------------         ---------
<S>                    <C>                                 <C>                           <C>

Common Stock           Mr. Ronald C. Dela Cruz                750,000                    35.0%

Common Stock           Mr. David Marby                        750,000                    35.0%

All officers as
 a Group                                                    1,500,000                    70.0%
</TABLE>

----------
(1) Based on 2,140,000 shares of our common stock outstanding.

CHANGES IN CONTROL

There are no existing arrangements that may result in a change in control of the
Company.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS.

The following table sets forth information regarding our equity compensation
plans.

<TABLE>
<CAPTION>
                                Number of Securities to be                                           Number of Securities
                                 Issued Upon Exercise of         Weighted-Average Exercise         Remaining Available for
                                   Outstanding Options,        Price of Outstanding Options,       Future Issuance Under
                                   Warrants and Rights             Warrants and Rights           Equity Compensation Plans
   Plan Category                           (a)                             (b)                      (excluding column (a))
   -------------                   -------------------             -------------------           -------------------------
<S>                               <C>                             <C>                            <C>
Equity Compensation Plans                  --                             --                               --
Approved by Security
Holders

Equity Compensation Plans Not              --                             --                               --
Approved by Security Holders

     Total                                 --                             --                               --
</TABLE>

                                       34
<PAGE>
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
         INDEPENDENCE

Other than the transactions discussed below, we have not entered into any
transaction nor are there any proposed transactions in which any of our
Directors, executive officers, stockholders or any member of the immediate
family of any of the foregoing had or is to have a direct or indirect material
interest.

As at July 31, 2009, there is a balance owing to a stockholder of the Company in
the amount of $12,034.

The officers and directors of the Company are involved in other business
activities and may, in the future, become involved in other business
opportunities that become available. They may face a conflict in selecting
between the Company and other business interests. The Company has not formulated
a policy for the resolution of such conflicts.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

AUDIT FEES

For the year ended July 31, 2009, Maddox Ungar Silberstein, PLLC (formerly known
as Maddox Ungar Silberstein, PLLC) billed us for $3,500 in audit fees. For the
period ended July 31, 2008, Maddox Ungar Silberstein, PLLC billed us for $4,300
in audit fees, including S-1 review fees.

REVIEW FEES

Maddox Ungar Silberstein, PLLC billed us $2,850 for reviews of our quarterly
financial statements in 2009 that are not reported under Audit Fees above.

TAX AND ALL OTHER FEES

We did not pay any fees to Maddox Ungar Silberstein, PLLC for tax compliance,
tax advice, tax planning or other work during our fiscal year ended July 31,
2009

PRE-APPROVAL POLICIES AND PROCEDURES

We have implemented pre-approval policies and procedures related to the
provision of audit and non-audit services. Under these procedures, our board of
directors pre-approves all services to be provided by Maddox Ungar Silberstein,
PLLC and the estimated fees related to these services.

                                     PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

Exhibit                                Description
-------                                -----------

3.1          Certificate of Incorporation of NetVentory Solutions, Inc.
             (Attached as an exhibit to our Registration Statement on Form S-1
             originally filed with the SEC on September 3, 2008 and incorporated
             herein by reference.)

3.2          Bylaws. (Attached as an exhibit to our Registration Statement on
             Form S-1 originally filed with the SEC on September 3, 2008 and
             incorporated herein by reference.)

31.1         Certification of the Chief Executive and Chief Financial Officer
             pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1         Certification of Officers pursuant to 18 U.S.C. Section 1350, as
             adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

                                       35
<PAGE>
                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                       NETVENTORY SOLUTIONS, INC.


                       By: /s/ Ronald C. Dela Cruz
                           -----------------------------------------------------
                           Ronald C. Dela Cruz
                           President and Director
                           (Principal Executive Officer, Principal Financial
                           Officer and Principal Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities indicated.

<TABLE>
<CAPTION>
Signatures                                  Title                             Date
----------                                  -----                             ----
<S>                                 <C>                                   <C>


/s/ Ronald C. Dela Cruz             President and Director               April 20, 2010
---------------------------         (Principal Executive Officer,
Ronald C. Dela Cruz                 Principal Financial Officer
                                    and Principal Accounting Officer)


/s/ David Marby                     Director                             April 20, 2010
---------------------------
David Marby
</TABLE>

                                       36