UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





(Mark
      One)x
                    QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the quarterly period ended: April 30, 2009Oro
                    TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the transition period from ____________ to
_____________Commission
      File Number: 333-100137SITESEARCH
      CORPORATION(Exact
      name of registrant as specified in its charter)Nevada
                    20-5422795(State
      or other jurisdiction of incorporation
                      or
      organization)
                    (I.R.S.
      Employer Identification No.)2850
      W. Horizon Ridge Parkway
                      Suite
      200
                      Henderson, NV
                    89052(Address
      of principal executive offices)
                    (Zip
      Code)(602)
      840-0668(Registrant's
      telephone number)


Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or 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 o





Indicate
by check mark 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  o                                                                                      Accelerated
filer o


Non-accelerated
filer   o                                                                                      
Smaller reporting company  x





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





Indicate
the number of shares outstanding of each of the registrant's classes of common
stock, as of the latest practicable date:  8,089,677 as of June 9,
2009.



































SITESEARCH
CORPORATION











Table
of Contents








PagePART
      I – FINANCIAL INFORMATION
            1Item
      1. Unaudited Financial Statements
            2Consolidated
      Balance Sheets
            2Consolidated
      Statement of Operations and Comprehensive Loss
            3Consolidated
      Statements of Cash Flows
            4Notes
      to Unaudited Consolidated Financial Statements
            5Item
      2. Management's Discussion and Analysis of Financial Condition and Results
      of  Operations
            8Item
      4. Controls and Procedures
            10PART
      II – OTHER INFORMATION
            10Item
      1. Legal Proceedings
            10Item
      1A. Risk Factors
            10Item
      2. Unregistered Sales of Equity Securities and Use of
    Proceeds
            10Item
      3. Defaults Upon Senior Securities
            10Item
      4. Submission of Matters to a Vote of Security Holders
            11Item
      5. Other Information
            11Item
      6. Exhibits
            11SIGNATURES
            12




















PART
I – FINANCIAL INFORMATION





Forward-Looking
Information




The
statements contained in this Quarterly Report on Form 10-Q that are not
historical fact are forward-looking statements (as such term is defined in the
Private Securities Litigation Reform Act of 1995), within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements contained
herein are based on current expectations that involve a number of risks and
uncertainties. These statements can be identified by the use of forward-looking
terminology such as “believes,” “expects,” “may,” “will,” “should,” “intend,”
“plan,” “could,” “is likely,” or “anticipates,” or the negative thereof or other
variations thereon or comparable terminology, or by discussions of strategy that
involve risks and uncertainties. The Company wishes to caution the reader that
these forward-looking statements that are not historical facts are only
predictions. No assurances can be given that the future results indicated,
whether expressed or implied, will be achieved. While sometimes presented with
numerical specificity, these projections and other forward-looking statements
are based upon a variety of assumptions relating to the business of the Company,
which, although considered reasonable by the Company, may not be realized.
Because of the number and range of assumptions underlying the Company’s
projections and forward-looking statements, many of which are subject to
significant uncertainties and contingencies that are beyond the reasonable
control of the Company, some of the assumptions inevitably will not materialize,
and unanticipated events and circumstances may occur subsequent to the date of
this report. These forward-looking statements are based on current expectations
and the Company assumes no obligation to update this information. Therefore, the
actual experience of the Company and the results achieved during the period
covered by any particular projections or forward-looking statements may differ
substantially from those projected. Consequently, the inclusion of projections
and other forward-looking statements should not be regarded as a representation
by the Company or any other person that these estimates and projections will be
realized, and actual results may vary materially. There can be no assurance that
any of these expectations will be realized or that any of the forward-looking
statements contained herein will prove to be accurate.




























Item
1.   Financial Statements.




SITESEARCH
CORPORATION
 (A
DEVELOPMENT STAGE COMPANY)
 CONDENSED
CONSOLIDATED BALANCE SHEETS
 (UNAUDITED)




April
      30,
                                      2009
                                    
                                    
                                    July
      31,
                                      2008ASSETSCash
      and cash equivalents
                                    
                                    $
                                    423,213
                                    
                                    
                                    $
                                    1,025,558Other
      current assets
                                    
                                    
                                    —
                                    
                                    
                                    
                                    184Taxes
      receivable
                                    
                                    
                                    21,925
                                    
                                    
                                    
                                    21,917Total
      current assets
                                    
                                    
                                    445,138
                                    
                                    
                                    
                                    1,047,659Fixed
      assets (net of accumulated depreciation of $18,442 and
      $12,252)
                                    
                                    
                                    31,869
                                    
                                    
                                    
                                    35,116Deposits
                                    
                                    
                                    12,020
                                    
                                    
                                    
                                    16,189TOTAL
      ASSETS
                                    
                                    $
                                    489,027
                                    
                                    
                                    $
                                    1,098,964LIABILITIES AND STOCKHOLDERS'
      EQUITYLIABILITIESAccounts
      payable
                                    
                                    $
                                    20,019
                                    
                                    
                                    $
                                    8,841Accrued
      payroll
                                    
                                    
                                    —
                                    
                                    
                                    
                                    3,276Total
      current liabilities
                                    
                                    
                                    20,019
                                    
                                    
                                    
                                    12,117Total
      liabilities
                                    
                                    
                                    20,019
                                    
                                    
                                    
                                    12,117STOCKHOLDERS'
      EQUITYCommon
      stock, $0.001 par value; 55,000,000 shares authorized;8,089,677
      and  7,794,677 shares issued and outstanding
                                    
                                    
                                    8,090
                                    
                                    
                                    
                                    7,795Additional
      paid-in capital
                                    
                                    
                                    2,650,742
                                    
                                    
                                    
                                    2,303,888Accumulated
      other comprehensive loss
                                    
                                    
                                    (20,482
                                    )
                                    
                                    
                                    3,136Accumulated
      deficit
                                    
                                    
                                    (2,169,342
                                    )
                                    
                                    
                                    (1,227,972
                                    )Total
      stockholders' equity
                                    
                                    
                                    469,008
                                    
                                    
                                    
                                    1,086,847TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
                                    
                                    $
                                    489,027
                                    
                                    
                                    $
                                    1,098,964The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.














SITESEARCH
CORPORATION
 (A
DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
 FOR THE THREE AND NINE MONTHS ENDED
APRIL 30, 2009 AND APRIL 30, 2008
 AND AUGUST 21, 2006 (INCEPTION) TO
APRIL 30, 2009
 (UNAUDITED)
  
 Three
      months ended April 30,
                                                  
                                                  
                                                  Nine
      months ended April 30,
                                                  
                                                  
                                                  August
      21, 2006 (Inception) to April 30,2009
                                                  
                                                  
                                                  2008
                                                  
                                                  
                                                  2009
                                                  
                                                  
                                                  2008
                                                  
                                                  
                                                  2009REVENUES
                                                  
                                                  $
                                                  —
                                                  
                                                  
                                                  $
                                                  —
                                                  
                                                  
                                                  $
                                                  —
                                                  
                                                  
                                                  $
                                                  —
                                                  
                                                  
                                                  $
                                                  222OPERATING
      EXPENSESSelling,
      general and administrative
                                                  
                                                  
                                                  300,216
                                                  
                                                  
                                                  
                                                  219,810
                                                  
                                                  
                                                  
                                                  932,441
                                                  
                                                  
                                                  
                                                  650,164
                                                  
                                                  
                                                  
                                                  2,158,321Depreciation
                                                  
                                                  
                                                  2,729
                                                  
                                                  
                                                  
                                                  2,499
                                                  
                                                  
                                                  
                                                  8,189
                                                  
                                                  
                                                  
                                                  6,002
                                                  
                                                  
                                                  
                                                  20,441Total
      costs and expenses
                                                  
                                                  
                                                  302,945
                                                  
                                                  
                                                  
                                                  222,309
                                                  
                                                  
                                                  
                                                  940,630
                                                  
                                                  
                                                  
                                                  656,166
                                                  
                                                  
                                                  
                                                  2,178,762OPERATING
      LOSS
                                                  
                                                  
                                                  (302,945
                                                  )
                                                  
                                                  
                                                  (222,309
                                                  )
                                                  
                                                  
                                                  (940,630
                                                  )
                                                  
                                                  
                                                  (656,166
                                                  )
                                                  
                                                  
                                                  (2,178,540
                                                  )OTHER
      INCOME (EXPENSE)Other
      income
                                                  
                                                  
                                                  38
                                                  
                                                  
                                                  
                                                  (15
                                                  )
                                                  
                                                  
                                                  38
                                                  
                                                  
                                                  
                                                  600
                                                  
                                                  
                                                  
                                                  1,257Interest
      income (expense)
                                                  
                                                  
                                                  (544
                                                  )
                                                  
                                                  
                                                  874
                                                  
                                                  
                                                  
                                                  (778
                                                  )
                                                  
                                                  
                                                  8,085
                                                  
                                                  
                                                  
                                                  7,941Total
      other (expenses)
                                                  
                                                  
                                                  (506
                                                  )
                                                  
                                                  
                                                  859
                                                  
                                                  
                                                  
                                                  (740
                                                  )
                                                  
                                                  
                                                  8,685
                                                  
                                                  
                                                  
                                                  9,198NET
      LOSS BEFOREPROVISION
      FOR INCOME TAXES
                                                  
                                                  
                                                  (303,451
                                                  )
                                                  
                                                  
                                                  (221,450
                                                  )
                                                  
                                                  
                                                  (941,370
                                                  )
                                                  
                                                  
                                                  (647,481
                                                  )
                                                  
                                                  
                                                  (2,169,342
                                                  )NET
      LOSS
                                                  
                                                  
                                                  (303,451
                                                  )
                                                  
                                                  
                                                  (221,450
                                                  )
                                                  
                                                  
                                                  (941,370
                                                  )
                                                  
                                                  
                                                  (647,481
                                                  )
                                                  
                                                  
                                                  (2,169,342
                                                  )Foreign
      currency translation adjustments
                                                  
                                                  
                                                  (149
                                                  )
                                                  
                                                  
                                                  (2,735
                                                  )
                                                  
                                                  
                                                  (23,618
                                                  )
                                                  
                                                  
                                                  (2,208
                                                  )
                                                  
                                                  
                                                  (20,482
                                                  )Comprehensive
      loss
                                                  
                                                  $
                                                  (303,600
                                                  )
                                                  
                                                  $
                                                  (224,185
                                                  )
                                                  
                                                  $
                                                  (964,988
                                                  )
                                                  
                                                  $
                                                  (649,689
                                                  )
                                                  
                                                  $
                                                  (2,189,824
                                                  )NET
      LOSS PER COMMON SHARE - BASIC & DILUTED
                                                  
                                                  $
                                                  (0.04
                                                  )
                                                  
                                                  $
                                                  (0.03
                                                  )
                                                  
                                                  $
                                                  (0.12
                                                  )
                                                  
                                                  $
                                                  (0.10
                                                  )
                                                  
                                                  $
                                                  (0.27
                                                  )WEIGHTED
      AVERAGE COMMON SHARES OUTSTANDINGBASIC
      & DILUTED
                                                  
                                                  
                                                  8,102,149
                                                  
                                                  
                                                  
                                                  6,639,566
                                                  
                                                  
                                                  
                                                  8,039,237
                                                  
                                                  
                                                  
                                                  6,539,984
                                                  
                                                  
                                                  
                                                  8,102,149The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.




3





SITESEARCH
CORPORATION
 (A
DEVELOPMENT STAGE COMPANY)
 CONSOLIDATED
STATEMENTS OF CASH FLOWS
 FOR THE NINE MONTHS ENDED APRIL 30,
2009 AND APRIL 30, 2008
 AND AUGUST 21, 2006 (INCEPTION) TO
APRIL 30, 2009
 (UNAUDITED)






Nine
      months ended April 30,
                                        
                                        
                                        August
      21, 2006 (Inception) to April 30,2009
                                        
                                        
                                        2008
                                        
                                        
                                        2009CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                                        
                                        $
                                        (941,370
                                        )
                                        
                                        $
                                        (647,481
                                        )
                                        
                                        $
                                        (2,169,342
                                        )Adjustments to reconcile net loss to net cash used in operating
      activitiesStock
      based compensation
                                        
                                        
                                        52,149
                                        
                                        
                                        
                                        160,336
                                        
                                        
                                        
                                        452,078Depreciation
                                        
                                        
                                        8,189
                                        
                                        
                                        
                                        2,499
                                        
                                        
                                        
                                        20,441Changes
      in assets and liabilities:Taxes
      receivable
                                        
                                        
                                        (8
                                        )
                                        
                                        
                                        (11,285
                                        )
                                        
                                        
                                        (26,370
                                        )Deposits
                                        
                                        
                                        4,169
                                        
                                        
                                        
                                        (900
                                        )
                                        
                                        
                                        (11,879
                                        )Accounts
      payable
                                        
                                        
                                        11,178
                                        
                                        
                                        
                                        5,685
                                        
                                        
                                        
                                        20,019Other
      assets
                                        
                                        
                                        184
                                        
                                        
                                        
                                        646
                                        
                                        
                                        
                                        -Taxes
      payable and accrued payroll
                                        
                                        
                                        (3,276
                                        )
                                        
                                        
                                        2,081
                                        
                                        
                                        
                                        4,305Net
      cash used in operating activities
                                        
                                        
                                        (868,785
                                        )
                                        
                                        
                                        (488,419
                                        )
                                        
                                        
                                        (1,710,748
                                        )CASH
      FLOWS FROM INVESTING ACTIVITIESAcquisitions
      of fixed assets
                                        
                                        
                                        (3,446
                                        )
                                        
                                        
                                        (5,352
                                        )
                                        
                                        
                                        (41,064
                                        )Net
      cash used in investing activities
                                        
                                        
                                        (3,446
                                        )
                                        
                                        
                                        (5,352
                                        )
                                        
                                        
                                        (41,064
                                        )CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from issuance of common stock and warrants
                                        
                                        
                                        295,000
                                        
                                        
                                        
                                        229,501
                                        
                                        
                                        
                                        2,172,749Proceeds
      from contributed capital
                                        
                                        
                                        —
                                        
                                        
                                        
                                        6,910
                                        
                                        
                                        
                                        24,254Net
      cash provided by financing activities
                                        
                                        
                                        295,000
                                        
                                        
                                        
                                        236,411
                                        
                                        
                                        
                                        2,197,003Effect
      of exchange rate changes on cash and cash equivalents
                                        
                                        
                                        (25,114
                                        )
                                        
                                        
                                        273
                                        
                                        
                                        
                                        (21,978
                                        )NET
      INCREASE IN CASH AND CASH EQUIVALENTS
                                        
                                        
                                        (602,345
                                        )
                                        
                                        
                                        (257,087
                                        )
                                        
                                        
                                        423,213CASH
      AND CASH EQUIVALENTS - BEGINNING OF PERIOD
                                        
                                        
                                        1,025,558
                                        
                                        
                                        
                                        341,256
                                        
                                        
                                        
                                        —CASH
      AND CASH EQUIVALENTS - END OF PERIOD
                                        
                                        $
                                        423,213
                                        
                                        
                                        $
                                        84,169
                                        
                                        
                                        $
                                        423,213SUPPLEMENTAL
      SCHEDULE OF CASH PAID FOR:Interest
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —Income
      taxes
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —SUPPLEMENTAL
      DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:Receipt
      of fixed assets as contributed capital
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        9,750The
      accompanying notes are an integral part of these unaudited consolidated
      financial
statements.
















SITESEARCH
CORPORATION


(A
DEVELOPMENT STAGE COMPANY)


NOTES
TO UNAUDITED FINANCIAL STATEMENTS








NOTE
1 – BACKGROUND  AND BASIS OF PRESENTATION





Sitesearch
Corporation (the “Sitesearch”) is a Nevada Corporation founded on August 21,
2006 with a focus on helping users find the most useful information and websites
on the internet.   Through the editorial process, Sitesearch
encourages its users to identify the best websites as they relate to popular
informational topics. Revenues are generated through online advertisements and
agreements with third-parties on a “per-click” basis. The website was placed
online during April of 2007.  Sitesearch is headquartered in
Henderson, Nevada, with a branch office in Phoenix, Arizona and technical
operations in Sonora, Mexico.





The
accompanying unaudited financial statements as of April 30, 2009 and for the
three and nine months ended April 30, 2009 and 2008 and period from August 21,
2006 (Inception) to April 30, 2009, respectively, have been prepared in
accordance with generally accepted accounting principles for interim financial
information.  Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for audited
financial statements.  In the opinion of management, the interim
information includes all adjustments, consisting only of normal recurring
adjustments, necessary for a fair presentation of the results for the interim
periods.  The footnote disclosures related to the interim financial
information included herein are also unaudited.  Such financial
information should be read in conjunction with the consolidated financial
statements and related notes thereto as of July 31, 2008 and for the year then
ended included in Sitesearch’s Form S-1 filed on November 4, 2008.





NOTE
2 - GOING CONCERN





The
accompanying consolidated financial statements have been prepared assuming
Sitesearch will continue as a going concern.  Sitesearch is in the
development stage and has incurred losses from continuing operations and
operational cash outflows since inception, and does not have historical revenues
from continuing operations.   All losses accumulated since the
inception of business ($2,169,342 through April 30, 2009) have been considered
as part of development stage activities.





Sitesearch’s
ability to fund working capital, capital expenditures and business development
efforts will depend on its ability to generate cash from operating activities
which is subject to, among other things, its future operating performance, as
well as to general economic, financial, competitive, legislative, regulatory and
other conditions, some of which may be beyond its control. If Sitesearch fails
to generate sufficient cash from operations, it will need to raise additional
equity or borrow additional funds to achieve its objectives. There can be no
assurance that Sitesearch will generate sufficient revenues or that equity or
borrowings will be available or, if available, will be at rates or prices
acceptable to Sitesearch. These conditions raise substantial doubt about
Sitesearch’s ability to continue as a going concern. The consolidated financial
statements do not include any adjustments that might result from the outcome of
these uncertainties.





NOTE
3 - STOCKHOLDERS’ EQUITY





During
the nine months ended April 30, 2009, Sitesearch received proceeds of $295,000
from the sale of 295,000 shares of common stock to a small group of accredited
investors.  In connection with the issuance of stock, Sitesearch also
issued warrants to purchase an aggregate of 57,500 shares of their common stock,
with an exercise price of $2.25 per share, exercisable for a period of ten
years.  All warrants are immediately
exercisable.  Sitesearch allocated $20,773 of the proceeds to the
warrants based on their relative fair value using the Black-Scholes pricing
model using the assumptions in the table below.  The amount of
proceeds allocated to the warrants has been reflected as additional paid in
capital in the accompanying consolidated financial statements.





During
the nine months ended April 30, 2009, Sitesearch also issued 25,000 shares and
warrants to purchase 25,000 shares to consultants.  All warrants are
immediately exercisable.  The aggregate fair value of the warrants
equals $9,035 based on the Black-Scholes pricing model using the assumptions in
the table below.  Professional service fees of $0 and $31,785,
respectively, has been recognized in the three months and nine months ended
April 30, 2009, respectively.  The amount of proceeds allocated to the
warrants has been reflected as additional paid in capital in the accompanying
consolidated financial statements.  In conjunction with the
resignation of one of the Board of Directors on April 21, 2009, 25,000 shares
were returned to the Company and were cancelled.  No consideration was
paid for these shares.












On
February 1, 2008, Sitesearch issued 120,000 stock options to its Chief Financial
Officer.  All options were issued with an exercise price of $1.00 and
expire in four years (or earlier in the event of termination).  The
stock options vest and become exercisable in tranches of 15,000 shares every 90
days over a two year period from the date of grant.   For the
three months ended April 30, 2009 and April 30, 2008, Sitesearch recognized
$4,480 and $16,965, respectively of stock based compensation relative to this
grant.  For the nine month period ending April 30, 2009 and April 30,
2008, Sitesearch recognized $19,506 and $16,965, respectively of stock based
compensation relative to this grant.  Unamortized stock option expense
as of April 30, 2009 is $6,265.  In the absence of historical
experience regarding option exercise, SAB 107 allows for estimation of the
expected life using the simplified method computed as the average between the
vesting term and the contractual term.





The fair
value of each stock option and warrant grant is estimated on the date of grant
using the Black-Scholes option pricing model with the following range of
assumptions:





Nine
      Months Ended April 30,2009
                  
                  
                  2008Volatility
                  
                  
                  73
                  %
                  
                  
                  73
                  %Expected
      life (years)
                  
                  
                  4.6
                  
                  
                  
                  5.0Risk-free
      rate of return
                  
                  
                  2.9
                  %
                  
                  
                  4.5
                  %Forfeiture
      rate
                  
                  
                  0
                  %
                  
                  
                  0
                  %


A summary
of stock option transactions follows:




Number
      of Shares
                                
                                
                                Weighted
      Average Exercise Price
                                
                                
                                Weighted
      Average Remaining Contractual Term (in years)
                                
                                
                                Aggregate
      Intrinsic Value (In-The-Money) OptionsOutstanding
      at July 31, 2008
                                
                                
                                120,000Grants
                                
                                
                                —Outstanding
      at April 30, 2009
                                
                                
                                120,000
                                
                                
                                $
                                1.00
                                
                                
                                
                                2.8
                                
                                
                                $
                                —Exerciseable
      at April 30, 2009
                                
                                
                                60,000
                                
                                
                                $
                                1.00
                                
                                
                                
                                2.8
                                
                                
                                $
                                —


The
following summarizes Sitesearch’s outstanding options and their respective
exercise prices:




Exercise
      Price
                    
                    
                    Number
      of Shares$
                    1.00
                    
                    
                    
                    120,000










The
following is a summary of warrant activity:




Number
      of Shares
                                
                                
                                Weighted
      Average Exercise Price
                                
                                
                                Weighted
      Average Remaining Contractual Term (in years)
                                
                                
                                Aggregate
      Intrinsic Value (In-The-Money) WarrantsOutstanding
      at July 31, 2008
                                
                                
                                1,381,401
                                
                                
                                $
                                2.25Grants
                                
                                
                                82,500
                                
                                
                                $
                                2.25Outstanding
      at April 30, 2009
                                
                                
                                1,463,901
                                
                                
                                $
                                2.25
                                
                                
                                
                                8.3
                                
                                
                                $
                                —Exerciseable
      at April 30, 2009
                                
                                
                                1,463,901
                                
                                
                                
                                2.25
                                
                                
                                
                                8.3
                                
                                
                                $
                                —
  The following summarizes
Sitesearch’s outstanding warrants and their respective exercise
prices:





Exercise
      Price
                      
                      
                      Number
      of Shares$
                      2.25
                      
                      
                      
                      1,463,901







NOTE
4 – RELATED PARTY TRANSACTIONS





During
the three months ended April 30, 2009, Sitesearch reimbursed a related party for
$50,000 in legal expenses paid on its behalf.





One of
the founders paid monthly lease payments for Sitesearch’s branch office
throughout the twelve month period ending November 15, 2007.








NOTE
5 – COMMITMENTS AND CONTINGENCIES





Operating
leases





Sitesearch
leases office space in Phoenix under a month-to-month operating lease with a 60
day termination notice period and office space in Neveda under a one-year term
operating lease.  Sitesearch also leases office space in Mexico under
a non-cancelable operating lease expiring in February 2010.





Future
minimum lease payments under non-cancelable operating leases as of April 30,
2009 is as follows:





Operating
      leasesRemainder
      of 2009
                    
                    $
                    21,8392010
                    
                    
                    3,0782011
                    
                    
                    —Thereafter
                    
                    
                    —$
                    24,917

















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





The
following discussion and analysis provides information that management believes
is relevant for an assessment and understanding of our results of operations and
financial condition.  The following selected financial information is
derived from our historical financial statements and should be read in
conjunction with such financial statements and notes thereto set forth elsewhere
herein and the “Forward-Looking Statements” explanation included
herein.  This information should also be read in conjunction with our
audited historical consolidated financial statements which are included in our
Form S-1filed with the Securities and Exchange Commission on November 4,
2008.





Overview




We have
launched and continue to develop a proprietary online community and virtual
world that combines various emerging Internet business models: Social
bookmarking, social networking, original user generated content, and other
services, all under our Sitesearch brand. Sitesearch users organize, share, and
rank web links, interact with each other through online social networking and
are able to create, post, and collaboratively edit online data and documents.
Since our users are able to discover, dynamically organize and rank content
using non-standard methods and technologies, we offer an alternative to standard
search engines for organizing online information.




We were
incorporated in August 2006 as a Nevada corporation. We are headquartered in
Henderson, Nevada, with a branch office in Phoenix, Arizona and technical
operations in Sonora, Mexico.






Results
of Operations




General
and Administrative




General
      and Administrative Expenses2009
                    
                    
                    2008
                    
                    
                    Change
                    
                    
                    PercentThree
      Months Ended April 30,
                    
                    $
                    300,216
                    
                    
                    $
                    219,810
                    
                    
                    $
                    80,406
                    
                    
                    
                    37
                    %Nine
      Months Ended April 30,
                    
                    $
                    932,441
                    
                    
                    $
                    650,164
                    
                    
                    $
                    282,277
                    
                    
                    
                    43
                    %
  Our
general and administrative expenses increased to $300,216 for the three months
ended April 30, 2009 as compared to $219,810 for the three months ended April
30, 2008. This increase is mainly attributable to professional fee expenses of
$84,215 for the three months ended April 30, 2009 as compared to $46,033 for the
three months ended April 30, 2008.  These expenses were incurred in
the process of becoming effective on the Over the Counter Bulletin
Board.  Employee related costs and executive compensation also
increased to $152,510 for the three months ended April 30, 2009 as compared to
$120,595 for the three months ended April 30, 2008.  Travel expenses
increased to $9,285 for the three months ended April 30, 2009 as compared to
$3,052 for the three months ended April 31, 2008 due to increased travel to the
Sonoran facility and to Hong Kong for investor meetings.




Our
general and administrative expenses increased to $932,441 for the nine months
ended April 30, 2009 as compared to $650,164 for the nine months ended April 30,
2008.  This increase is mainly attributable to professional fee
expenses of $319,411 for the nine months ended April 30, 2009 as compared to
$127,307 for the nine months ended April 30, 2008.  These expenses
were incurred in the process of becoming effective on the Over the Counter
Bulletin Board.  Executive compensation also increased to $127,622 for
the nine months ended April 30, 2009 as compared to $69,000 for the nine months
ended April 30, 2008.  Travel expenses increased to $34,477 for the
nine months ended April 30, 2009 as compared to $7,944 for the nine months ended
April 31, 2008 due to increased travel to the Sonoran facility and to Hong Kong
for investor meetings.

















Net
Loss




Net
      Loss2009
                  
                  
                  2008
                  
                  
                  Change
                  
                  
                  PercentThree
      Months Ended April 30,
                  
                  $
                  (303,451
                  )
                  
                  $
                  (221,450
                  )
                  
                  $
                  (82,001
                  )
                  
                  
                  37
                  %Nine
      Months Ended April 30,
                  
                  $
                  (941,370
                  )
                  
                  $
                  (647,481
                  )
                  
                  $
                  (293,889
                  )
                  
                  
                  45
                  %





Our net
loss increased for the three and nine months ended April 30, 2009 as compared to
the three and nine months ended April 30, 2008, primarily due to the increase in
operating expenses which is discussed above.








Liquidity
and Capital Resources




At April
30, 2009, we had working capital of $425,119, comprised of $445,138 of current
assets and $20,019 of current liabilities. We expect our working capital balance
to fluctuate significantly as we develop our business.




All of
our capital resources to date have been provided exclusively through the sale of
equity securities. From our inception through April 30, 2009, we received cash
proceeds of $2,172,749 from the sale of our common stock.




We expect
to need additional funding to achieve our business development goals. Our
ability to continue as a going concern is contingent upon our ability to obtain
capital through the sale of equity or issuance of debt, and ultimately attaining
profitable operations. There is no assurance that we will be able to
successfully complete these activities.




The
report of our registered independent public accountants on our financial
statements at July 31, 2008 contains a qualification about our ability to
continue as a going concern. This qualification is based on our lack of
operating history and negative operating cash flows, among other
things.







Sources
and Uses of Cash





We
require cash to fund our technical development activities, to build our
operating infrastructure, to pay our personnel and management team and to
finance continued growth.





We expect
that the cash flows from our financing activities will permit us to finance our
existing operating activities for the next twelve months.








Analysis
of Cash Flows





Net cash
used in operating activities was $868,785 during the nine months ended April 30,
2009.  These cash flows consisted of payments for legal, professional
and consulting expenses, executive compensation, salaries, rent and other
expenditures necessary to develop our business infrastructure.  Net
cash used in investing activities was $3,446 for the nine months ended April 30,
2009, consisting of acquisitions of fixed assets.  Net cash provided
by financing activities was $295,000 during the nine months ended April 30, 2009
consisting of proceeds from the issuance of common stock and
warrants.





Net cash
used in operating activities was $488,419 during the nine months ended April 30,
2008.  These cash flows consisted of payments for legal, professional
and consulting expenses, executive compensation, salaries, rent and other
expenditures necessary to develop our business infrastructure.  Net
cash used in investing activities was $5,352 for the nine months ended April 30,
2008, consisting of acquisitions of fixed assets.  Net cash provided
by financing activities was $236,411 during the nine months ended April 30, 2008
consisting of proceeds from the issuance of common stock and warrants of
$229,501 and proceeds from contributed capital of $6,910.












We do not
currently have any off-balance sheet arrangements.





Recent
Accounting Pronouncements





We do not
believe the adoption of any recently issued accounting pronouncements to have a
significant impact on our financial position or results of
operations.





Inflation
and Seasonality





We do not
believe that our operations are significantly impacted by
inflation.  Our business is not seasonal in nature.




Item
4.      Controls and Procedures.





Evaluation
of Disclosure Controls and Procedures





In
accordance with Rule 13a-15(b) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), as of the end of the period covered by this
Quarterly Report on Form 10-Q, Sitesearch’s management evaluated, with the
participation of Sitesearch’s principal executive officer and principal
financial officer, the effectiveness of the design and operation of Sitesearch’s
disclosure controls and procedures (as defined in Rule 13a-15(e) or Rule
15d-15(e) under the Exchange Act). Based on their evaluation of these disclosure
controls and procedures, Sitesearch’s chief executive officer and chief
financial officer have concluded that the disclosure controls and procedures
were effective as of the end of the period covered by this report.





Changes
in Internal Control over Financial Reporting





There has
been no change in Sitesearch’s internal control over financial reporting that
occurred during the quarter covered by this report that has materially affected,
or is reasonably likely to materially affect, Sitesearch’s internal control over
financial reporting.





It
should be noted that any system of controls, however well designed and operated,
can provide only reasonable, not absolute, assurance that the objectives of the
system are met. In addition, the design of any control system is based in part
upon certain assumptions about the likelihood of future events. Because of these
and other inherent limitations of control systems, there can be no assurance
that any design will succeed in achieving its stated goals under all potential
future conditions, regardless how remote.








PART
II – OTHER INFORMATION





Item
1.    Legal Proceedings.





As of the
date of this report, Sitesearch Corporation is not currently involved in any
legal proceedings.





Item
1A.  Risk Factors.





There
have been no changes to the risk factors identified in our Form S-1 filed on
November 4, 2008 and they are hereby incorporated by reference
herein.





Item
2.    Unregistered Sales of Equity Securities and Use of
Proceeds.





None.





Item
3.    Defaults Upon Senior Securities.





None.














Item
4.   Submission of Matters to a Vote of Security
Holders.





None.





Item
5.    Other Information.





None.





Item
6.    Exhibits.








Exhibit
      Number
            Description
            By
      Reference from
              Document31.1
            Certification
      of Chief Executive Officer Pursuant to Rules 13a-14 and 15d-14 of the
      Securities Exchange Act of 1934
            *31.2
            Certification
      of Chief Financial Officer Pursuant to Rules 13a-14 and 15d-14 of the
      Securities Exchange Act of 1934
            *32.1
            Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002
            *32.2
            Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002
            *


*           Filed
herewith


























SIGNATURES





Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.







SITESEARCH
      CORPORATION(Registrant)Signature
            Title
            Date/s/
      Jeffrey S. Peterson
            Chief
      Executive Officer
            June
      9, 2009Jeffrey
      S. Peterson/s/
      Humberto Garcia Borbon
            Chief
      Financial Officer
            June
      9, 2009Humberto
      Garcia Borbon