SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549







FORM
10-QSB





Quarterly
Report Under Section 13 or 15 (d) of


Securities
Exchange Act of 1934





For
Period ended December 31, 2007





Commission
File Number:  333-144973





CORPORATE
OUTFITTERS,
INC.


(Exact
Name of Issuer as Specified in Its Charter)





Delaware
            5131
            56-2646797State
      of Incorporation
            Primary
      Standard Industrial Classification Code Number
            I.R.S.
      Employer Identification No.




3327 West
Indian Trail Road, Suite 152


Spokane,
WA  99208-4762 Telephone:  (509) 290-2847





(Address
and Telephone Number of Issuer's Principal Executive Offices)





The
Company Corporation


2711
Centerville Road, Suite 400


Wilmington,
Delaware 19808


Telephone:
302-636-5440





(Name,
Address, and Telephone Number of Agent for Service)





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





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).


YES
X    NO





APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDINGS
DURING THE PRECEDING FIVE YEARS


Check
whether the registrant filed all documents and reports required to be filed by
Section 12, 13, 15(d) of the Exchange Act after the distribution of the
securities under a plan confirmed by a court.


YES       
NO





APPLICABLE
ONLY TO CORPORATE ISSUERS


Indicate
the number of shares outstanding of each of the issuer's classes of common stock
at the latest practicable date. As of February 1, 2008 the registrant had
2,100,000 shares of common stock, $0.0001 par value, issued and
outstanding.





Transitional
Small Business Disclosure Format (Check one):


YES        NO
X













PART
      I - FINANCIAL INFORMATION
            3Item
      1.
            Financial
      Statements – UnauditedBalance
      Sheet
            3Statements
      of Operations
            4Statement
      of Stockholders’ Equity (Deficit)
            5Statements
      of Cash Flows
            6Notes
      to Financial Statements
            7Item
      2.
            Management's
      Discussion and Analysis of Financial Condition and Results of
      Operations.
            13Item
      3.
            Controls
      and Procedures
            16PART
      II - OTHER INFORMATIONItem
      1.
            Legal
      Proceedings.
            16Item
      2.
            Changes
      in Securities and Use of Proceeds.
            16Item
      3.
            Defaults
      Upon Senior Securities.
            16Item
      4.
            Submission
      of Matters to a Vote of Security Holders.
            16Item
      5.
            Other
      Information.
            16Item
      6.
            Exhibit
      and Reports on Form 8-K
            16











2


PART I -
FINANCIAL INFORMATION





Item
1.  Financial Statements (unaudited)





CORPORATE OUTFITTERS, INC


BALANCE
SHEET


December
      31,
              2007(unaudited)ASSETSCURRENT
      ASSETSCash
            
            $
            205Total
      Current Assets
            
            
            205PROPERTY
      AND EQUIPMENT, NET OF DEPRECIATION
            
            
            -TOTAL
      ASSETS
            
            $
            205LIABILITIES
      AND STOCKHOLDERS' DEFICITCURRENT
      LIABILITIESAccounts
      payable
            
            $
            1,500Related
      party payable
            
            
            1Total
      Current Liabilities
            
            
            1,501COMMITMENTS
      AND CONTINGENCIES
            
            
            -STOCKHOLDERS'
      DEFICITCommon
      stock, $0.0001 par value;75,000,000
      shares authorized,2,100,000
      shares issued and outstanding
            
            
            210Additional
      paid-in capital
            
            
            5,790Accumulated
      deficit
            
            
            (7,296
            )Total
      Stockholders' Deficit
            
            
            (1,296
            )TOTAL
      LIABILITIES ANDSTOCKHOLDERS' DEFICIT
            
            $
            205








See
accompanying condensed notes to these interim financial
statements.


3


CORPORATE OUTFITTERS, INC


STATEMENTS
OF OPERATIONS


Three
      months ended
              
              
              Nine
      months ended
              
              
              March
      9,
                2007
      (date of inception) toDecember
      31,
              
              
              December
      31,
              
              
              December
      31,2007
              
              
              2007
              
              
              2007(Unaudited)
              
              
              (Unaudited)
              
              
              (Unaudited)REVENUES
              
              $
              
              
              
              $
              
              
              
              $OPERATING
      EXPENSESGeneral
      and administrative expenses
              
              
              945
              
              
              
              970
              
              
              
              2,386Legal
      and accounting
              
              
              1,500
              
              
              
              4,910
              
              
              
              4,910Total
      operating expenses
              
              
              2,445
              
              
              
              5,880
              
              
              
              7,296LOSS
      FROM OPERATIONS
              
              
              (2,445
              )
              
              
              (5,880
              )
              
              
              (7,296
              )LOSS
      BEFORE TAXES
              
              
              (2,445
              )
              
              
              (5,880
              )
              
              
              (7,296
              )INCOME
      TAX EXPENSE
              
              
              -
              
              
              
              -
              
              
              
              -NET
      LOSS
              
              $
              (2,445
              )
              
              $
              (5,880
              )
              
              $
              (7,296
              )NET
      LOSS PER COMMON SHARE, BASIC AND DILUTED
              
              $
              (0.00
              )
              
              $
              (0.00
              )WEIGHTED
      AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND
    DILUTED
              
              
              2,100,000
              
              
              
              2,100,000












See
accompanying condensed notes to these interim financial
statements.




4


CORPORATE
OUTFITTERS, INC


STATEMENT
OF STOCKHOLDERS' DEFICIT


Common
      Stock
              
              
              Additional
                Paid-in
              
              
              Accumulated
              
              
              Total
                Stockholders'
      EquityShares
              
              
              Amount
              
              
              Capital
              
              
              Deficit
              
              
              (Deficit)Common
      stock issued for cash at $0.025 per share
              
              
              2,000,000
              
              
              $
              200
              
              
              $
              4,800
              
              
              $
              
              
              
              $
              5,000Common
      stock issued for services at $.01 per share
              
              
              100,000
              
              
              
              10
              
              
              
              990
              
              
              
              
              
              
              
              1,000Net
      loss for the year ending March 31, 2007
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (1,416
              )
              
              
              (1,416
              )-Balance,
      March 31, 2007
              
              
              2,100,000
              
              
              
              210
              
              
              
              5,790
              
              
              
              (1,416
              )
              
              
              4,584Net
      loss for the period ending December 31, 2007
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (5,880
              )
              
              
              (5,880
              )-Balance,
      December 31, 2007
              
              
              2,100,000
              
              
              
              210
              
              
              
              5,790
              
              
              
              (7,296
              )
              
              
              (1,296
              )








See
accompanying condensed notes to these interim financial
statements.







5


CORPORATE
OUTFITTERS, INC


STATEMENTS
OF CASH FLOWS







Nine
      months ended
              
              
              March
      9,
                2007
      (date of inception) toDecember
      31,
              
              
              December
      31,2007
              
              
              2007(Unaudited)
              
              
              (Unaudited)CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      (loss)
              
              $
              (5,880
              )
              
              $
              (7,296
              )Common
      stock issued for services
              
              
              
              
              
              
              1,000Adjustments
      to reconcile net loss to net cash provided (used) by operating activities:Increase
      in accounts payable
              
              
              1,500Net
      cash provided (used) by operating activitiesCASH
      FLOWS PROVIDED BY INVESTING ACTIVITIES:
              
              
              (4,380
              )
              
              
              (6,296
              )CASH
      FLOWS PROVIDED BY FINANCING ACTIVITIES:Related
      party payable proceeds
              
              
              
              
              
              
              1Proceeds
      from sale of common stock
              
              
              
              
              
              
              5,000Net
      cash provided by financing activities
              
              
              -
              
              
              
              5,001Net
      increase (decrease) in cash and cash equivalents
              
              
              (4,380
              )
              
              
              (1,295
              )Cash
      at beginning of period
              
              
              4,585
              
              
              
              -Cash
      at end of period
              
              $
              205
              
              
              $
              (1,295
              )SUPPLEMENTAL
      CASH FLOW DISCLOSURES:Income
      taxes paid
              
              $
              -
              
              
              $
              -Interest
      paid
              
              $
              -
              
              
              $
              -











See
accompanying condensed notes to these interim financial
statements.




6


CORPORATE
OUTFITTERS, INC


NOTES TO
THE FINANCIAL STATEMENTS


DECEMBER
31, 2007


NOTE
1 – DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION
 
 Corporate
Outfitters, Inc, was incorporated on March 9, 2007 in the State of
Delaware.
 
 The
principal business of the Company is the on-line sales of corporate promotional
products through proposed internet site.  The Company’s year-end is
March 31.
 
 The
accompanying unaudited financial statements have been prepared in accordance
with Securities and Exchange Commission requirements for interim financial
statements. Therefore, they do not include all of the information and footnotes
required by accounting principles generally accepted in the United States for
complete financial statements. The financial statements should be read in
conjunction with the Form SB-2 filed August 10, 2007 for the year ended March
31, 2007 and period ended June 30, 2007 for Corporate Outfitters, Inc., (the
"Company").
 
 The
interim financial statements present the balance sheet, statements of
operations, stockholders' equity and cash flows of the Company. The financial
statements have been prepared in accordance with accounting principles generally
accepted in the United States.
 
 The
interim financial information is unaudited. In the opinion of management, all
adjustments necessary to present fairly the financial position as of December
31, 2007 and the results of operations, stockholders' equity and cash flows
presented herein have been included in the financial statements. Interim results
are not necessarily indicative of results of operations for the full
year.





NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES





This
summary of significant accounting policies of Corporate Outfitters, Inc, is
presented to assist in understanding the Company’s financial
statements.  The financial statements and notes are representations of
the Company’s management, which is responsible for their integrity and
objectivity.  These accounting policies conform to accounting
principles generally accepted in the United States of America, and have been
consistently applied in the preparation of the financial
statements.





Accounting
Method


The
Company’s financial statements are prepared using the accrual basis of
accounting in accordance with accounting principles generally accepted in the
United States of America.


7
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 DECEMBER
31, 2007


Accounting
Pronouncements


In
February 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 159, “The Fair Value Option for Financial
Assets and Financial Liabilities - Including an amendment of FASB Statement No.
115” (hereinafter “SFAS No. 159”). This statement permits entities to choose to
measure many financial instruments and certain other items at fair value. The
objective is to improve 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, which is consistent with the Board’s long-term 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, although earlier adoption is permitted. Management has not determined
the effect that adopting this statement would have on the Company’s financial
condition or results of operations.


In
December 2007, the FASB issued SFAS 141(R), “Business Combinations.” This
Statement replaces SFAS 141, “Business Combinations,” and requires an acquirer
to recognize the assets acquired, the liabilities assumed, including those
arising from contractual contingencies, any contingent consideration, and any
noncontrolling interest in the acquiree at the acquisition date, measured at
their fair values as of that date, with limited exceptions specified in the
statement. SFAS 141(R) also requires the acquirer in a business combination
achieved in stages (sometimes referred to as a step acquisition) to recognize
the identifiable assets and liabilities, as well as the noncontrolling interest
in the acquiree, at the full amounts of their fair values (or other amounts
determined in accordance with SFAS 141(R)). In addition, SFAS 141(R)'s
requirement to measure the noncontrolling interest in the acquiree at fair value
will result in recognizing the goodwill attributable to the noncontrolling
interest in addition to that attributable to the acquirer. SFAS 141(R) amends
SFAS No. 109, “Accounting for Income Taxes,” to require the acquirer to
recognize changes in the amount of its deferred tax benefits that are
recognizable because of a business combination either in income from continuing
operations in the period of the combination or directly in contributed capital,
depending on the circumstances. It also amends SFAS 142, “Goodwill and Other
Intangible Assets,” to, among other things, provide guidance on the impairment
testing of acquired research and development intangible assets and assets that
the acquirer intends not to use. SFAS 141(R) applies prospectively to business
combinations for which the acquisition date is on or after the beginning of the
first annual reporting period beginning on or after December 15, 2008. We are
currently assessing the potential impact that the adoption of SFAS 141(R) could
have on our financial statements.


8


CORPORATE
OUTFITTERS, INC


NOTES TO
THE FINANCIAL STATEMENTS


DECEMBER
31, 2007


In
December 2007, the FASB issued SFAS 160, “Noncontrolling Interests in
Consolidated Financial Statements.” SFAS 160 amends Accounting Research Bulletin
51, “Consolidated Financial Statements,” to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It also clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated entity
that should be reported as equity in the consolidated financial statements. SFAS
160 also changes the way the consolidated income statement is presented by
requiring consolidated net income to be reported at amounts that include the
amounts attributable to both the parent and the noncontrolling interest. It also
requires disclosure, on the face of the consolidated statement of income, of the
amounts of consolidated net income attributable to the parent and to the
noncontrolling interest. SFAS 160 requires that a parent recognize a gain or
loss in net income when a subsidiary is deconsolidated and requires expanded
disclosures in the consolidated financial statements that clearly identify and
distinguish between the interests of the parent owners and the interests of the
noncontrolling owners of a subsidiary. SFAS 160 is effective for fiscal periods,
and interim periods within those fiscal years, beginning on or after December
15, 2008. We are currently assessing the potential impact that the adoption of
SFAS 141(R) could have on our financial statements.


Cash and Cash
Equivalents


For
purposes of the statement of cash flows, the Company considers all highly liquid
investments and short-term debt instruments with original maturities of three
months or less to be cash equivalents.





Derivative
Instruments


The
Financial Accounting Standards Board issued Statement of Financial Accounting
Standards No. 133, “Accounting for Derivative Instruments and Hedging
Activities” (hereinafter “SFAS No. 133”), as amended by SFAS No. 137,
“Accounting for Derivative Instruments and Hedging Activities – Deferral of the
Effective Date of FASB No. 133”, and SFAS No. 138, “Accounting for Certain
Derivative Instruments and Certain Hedging Activities”, and SFAS No. 149,
“Amendment of Statement 133 on Derivative Instruments and Hedging
Activities”.  These statements establish accounting and reporting
standards for derivative instruments, including certain derivative instruments
embedded in other contracts, and for hedging activities.  They require
that an entity recognize all derivatives as either assets or liabilities in the
balance sheet and measure those instruments at fair value.




If
certain conditions are met, a derivative may be specifically designated as a
hedge, the objective of which is to match the timing of gain or loss recognition
on the hedging derivative with the recognition of (i) the changes in the fair
value of the hedged asset or liability that are attributable to the hedged risk
or (ii) the earnings effect of the hedged forecasted transaction. For a
derivative not designated as a hedging instrument, the gain or loss is
recognized in income in the period of change.





At
December 31, 2007, the Company has not engaged in any transactions that would be
considered derivative instruments or hedging activities.





Earnings Per
Share


The
Company has adopted Statement of Financial Accounting Standards No. 128, which
provides for calculation of "basic" and "diluted" earnings per
share.  Basic earnings per share includes no dilution and is computed
by dividing net income (loss) available to common shareholders by the weighted
average common shares outstanding for the period.  Diluted earnings
per share reflect the potential dilution of securities that could share in the
earnings of an entity similar to fully diluted earnings per
share.  Basic and diluted loss per share were the same, at the
reporting dates, as there were no common stock equivalents
outstanding.


9
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 DECEMBER
31, 2007


Fair Value of Financial
Instruments


The
Company's financial instruments as defined by Statement of Financial Accounting
Standards No. 107, "Disclosures about Fair Value of Financial Instruments,"
include cash, trade accounts receivable, and accounts payable and accrued
expenses.  All instruments are accounted for on a historical cost
basis, which, due to the short maturity of these financial instruments,
approximates fair value at December 31, 2007.





Income
taxes are provided based upon the liability method of accounting pursuant to
Statement of Financial Accounting Standards No. 109 “Accounting for Income
Taxes.”  Under this approach, deferred income taxes are recorded to
reflect the tax consequences in future years of differences between the tax
basis of assets and liabilities and their financial reporting amounts at each
year-end.  A valuation allowance is recorded against deferred tax
assets if management does not believe the Company has met the “more likely than
not” standard imposed by SFAS No. 109 to allow recognition of such an
asset.


At
December 31, 2007 the Company had net deferred tax assets calculated at an
expected rate of 35% of approximately $2,554 principally arising from net
operating loss carryforwards for income tax purposes.  As management
of the Company cannot determine that it is more likely than not that the Company
will realize the benefit of the net deferred tax asset, a valuation allowance
equal to the net deferred tax asset has been established at December 31,
2007.  The significant components of the deferred tax asset at
December 31, 2007 were as follows:




December
      31, 2007Net
      operating loss carryforward
              
              $
              7,296Deferred
      tax asset
              
              
              2,554Deferred
      tax asset valuation allowance
              
              $
              (2,554
              )$
              0


At
December 31, 2007, the Company has net operating loss carryforwards of
approximately $7,300, which begin to expire in the year 2027.





The above
estimates are based upon management’s decisions concerning certain elections
which could change the relationship between net income and taxable income.
Management decisions are made annually and could significantly vary from the
estimates.




10
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 DECEMBER
31, 2007





Use of
Estimates


The
process of preparing financial statements in conformity with accounting
principles generally accepted in the United States of America requires the use
of estimates and assumptions regarding certain types of assets, liabilities,
revenues, and expenses.  Such estimates primarily relate to unsettled
transactions and events as of the date of the financial
statements.  Accordingly, upon settlement, actual results may differ
from estimated amounts.





Going
Concern


As shown
in the accompanying financial statements, the Company had negative working
capital and an accumulated deficit incurred through December 31,
2007.  The Company is currently attempting to raise capital in order
to finance the development of an Internet enabled web-site capable of selling
corporate promotional products which will, if successful, mitigate these factors
which raise substantial doubt about the Company’s ability to continue as a going
concern.  The financial statements do not include any adjustments
relating to the recoverability and classification of recorded assets, or the
amounts and classification of liabilities that might be necessary in the event
the Company cannot continue in existence.




Management
has established plans designed to increase the sales of the Company’s products,
and decrease debt.  The Company plans on continuing to reduce
expenses, and with small gains in any combination of network sales, direct
sales, international sales, and warehouse sales, believe that they will
eventually be able to reverse the present deficit.  Management intends
to seek additional capital from new equity securities offerings that will
provide funds needed to increase liquidity, fund internal growth and fully
implement its business plan.  Management plans include negotiations to
convert significant portions of existing debt into equity.





An
estimated $250,000 to $350,000 is believed necessary to continue operations and
increase development through the next fiscal year.  The timing and
amount of capital requirements will depend on a number of factors, including
demand for products and services and the availability of opportunities for
international expansion through affiliations and other business
relationships.  Management intends to seek new capital from new equity
securities issuances to provide funds needed to increase liquidity, fund
internal growth, and fully implement its business plan.





NOTE
3– CAPITAL STOCK





Common
Stock


The
Company is authorized to issue 75,000,000 shares of common stock.  All
shares have equal voting rights, are non-assessable and have one vote per
share.  Voting rights are not cumulative and, therefore, the holders
of more than 50% of the common stock could, if they choose to do so, elect all
of the directors of the Company.





In its
initial capitalization in March 2007, the Company issued 2,100,000 shares of
common stock for a total of $5,000 in cash and $1,000 in services.


11
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 DECEMBER
31, 2007


During
the period ended December 31, 2007, the Company did not issue any shares of
common stock.





NOTE
4 – RELATED PARTY TRANSACTIONS





The sole
officer and director of the Company, loaned $1 to open the bank
account.























12


THIS
REPORT CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES
SUCH AS THE DEPENDENCE OF THE COMPANY ON AND THE ADEQUACY OF CASH FLOWS. THESE
FORWARD-LOOKING STATEMENTS AND OTHER STATEMENTS MADE ELSEWHERE IN THIS REPORT
ARE MADE IN RELIANCE ON THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995.





Item 2.
Plan of Operations





Introduction





Corporate
Outfitters Inc. (the “Company”) is a development stage company that was
organized on March 9, 2007.  The Company intends to enter into the
promotional apparel and products industry once the Company has raised sufficient
funds through the sale of its common stock. The Company plans to source and then
import novel promotional products from China to sell to corporations and
associations that use promotional products as part of their overall advertising
and marketing strategies. The Company plans to hire contractors in the United
States to emblaze, embroider, or otherwise affix a customer’s corporate logo or
message to the products.  According to a study of more than 15,000
promotional product distributors conducted by researchers at Louisiana State
University and Glenrich Business Studies, over 29% of all sales of promotional
products are what the industry calls “wearables”. This product category includes
t-shirts, golf-shirts, aprons, caps, headbands, neckwear and
footwear.  The largest market category for promotional products is
business gifts, accounting for almost 18% of industry sales. Trade show
giveaways account for over 12% of industry sales.





The
Company’s common stock is not listed on any public exchange or
medium.  There currently is no market for the Company’s common stock
and there can be no guarantee or assurance a market will ever be developed in
the future for the Company’s common stock.





Plan of
Operation - Next Twelve Months





August
17, 2007 the Company had an effective prospectus, filed on Form SB-2 with the
Securities and Exchange Commission.  To date, the Company has not sold
any of its common stock.  If and when the Company is able to sell its
common stock it anticipates allocating the proceeds as detailed below over the
next twelve months depending upon the amount of funds raised as
detailed:








13





If
      25% of
              Shares
      Sold
            
            
            If
      50% of
              Shares
      Sold
            
            
            If
      75% of
              Shares
      Sold
            
            
            If
      100% of
              Shares
      SoldGROSS
      PROCEEDS FROM THIS OFFERING
            
            $
            25,000
            
            
            $
            50,000
            
            
            $
            75,000
            
            
            $
            100,000Less:  FILING/TRANS
      AGENTSEC
      Filing Expenses
            
            $
            1,500
            
            
            $
            1,500
            
            
            $
            1,500
            
            
            $
            1,500Printing
            
            $
            200
            
            
            $
            200
            
            
            $
            200
            
            
            $
            200Transfer
      Agent
            
            $
            1,500
            
            
            $
            1,500
            
            
            $
            1,500
            
            
            $
            1,500SUB-TOTAL
            
            $
            3,200
            
            
            $
            3,200
            
            
            $
            3,200
            
            
            $
            3,200Less:  PRODUCT
      SOURCINGInternational
      & DomesticTravel
      / Product Sourcing
            
            $
            3,000
            
            
            $
            7,500
            
            
            $
            10,000
            
            
            $
            10,000Initial
      Sample Purchases
            
            $
            5,000
            
            
            $
            10,000
            
            
            $
            15,000
            
            
            $
            15,000SUB-TOTAL
            
            $
            8,000
            
            
            $
            17,500
            
            
            $
            25,000
            
            
            $
            30,000Less:  SALES
      & MARKETINGWeb
      Site Development
            
            $
            3,000
            
            
            $
            7,500
            
            
            $
            12,000
            
            
            $
            15,000Trade
      Show Attendance
            
            $
            3,000
            
            
            $
            6,000
            
            
            $
            9,000
            
            
            $
            12,000Mass
      Email Campaign
            
            $
            2,500
            
            
            $
            5,000
            
            
            $
            7,500
            
            
            $
            10,000SUB-TOTAL
            
            $
            8,500
            
            
            $
            18,500
            
            
            $
            28,500
            
            
            $
            37,000Less:  ADMINISTRATION
      EXPENSESOffice,
      Stationery,Telephone, Internet
            
            $
            2,000
            
            
            $
            3,000
            
            
            $
            5,000
            
            
            $
            8,000Legal
      and Accounting
            
            $
            2,500
            
            
            $
            5,000
            
            
            $
            7,500
            
            
            $
            10,000Office
      Temp
            
            
            0
            
            
            $
            2,500
            
            
            $
            5,000
            
            
            $
            10,000SUB-TOTAL
            
            $
            4,500
            
            
            $
            10,500
            
            
            $
            17,500
            
            
            $
            28,000TOTALS
            
            $
            24,200
            
            
            $
            49,700
            
            
            $
            74,200
            
            
            $
            98,200





The
above figures represent only estimated costs and allocations; as these may be
modified or adjusted at the sole discretion of management depending upon various
factors including but not limited to market conditions, unforeseen
costs/expenses/fees, ability to achieve business plan.






14


Legal and Accounting
Fees: This item refers to normal legal and accounting costs associated
with maintaining a publicly traded company. Corporate Outfitters expects to
incur and pay these expenditures throughout the year.





Consulting and Professional
Fees: These fees refer to the cost of consulting with industry
experts.





Advertising and Promotional
Expenses: This item refers to the cost of providing product and service
information through the homebuilders associations, which is necessary to find
small builders.





Communications
Expenses:This item refers to
telecommunication, website hosting, and all other related forms of communication
costs.





Website Development:
This item refers to all costs associated with Corporate Outfitters' website
development.




Office, Rent, and
Miscellaneous Expenses: This item refers to office rent, transfer agent
fees, office supplies, postage, courier and other miscellaneous costs that have
not been otherwise listed - such as bank service charges or other sundry
items.





There can
be no guarantee or assurance the Company will be able to raise the proceeds
detailed above and accomplish the goal set forth.





Liquidity
and Capital Resources





As of
December 31, 2007, the Company had $205 of cash on hand and liabilities of
$1,500 in accounts payables. The Company will need to raise additional capital
in order to maintain its status as a reporting company and proceed with its
anticipated business. Management believes that if sufficient funds are not
received by the Company within the next thirty to forty-five days the business
will fail.  There can be no assurance that the Company will be
successful in generating satisfactory business operations and/or be capable of
raising additional sufficient financing in the future and, thus, be able to
satisfy our future cash requirements, which primarily consist of working capital
directed towards the continued development of the website and marketing
campaigns, as well as legal and accounting fees associated with maintaining its
status as a reporting company set forth under the 1934 Act.





As of
December 31, 2007 the Company had not generated any revenue from business
operations. All proceeds, since its inception, received by the Company were a
result of the sale of its common stock.





The
Company’s accumulated deficit since its inception March 9, 2007 to December 31,
2007 has been ($7296).  These proceeds were primarily used for
corporate development and directed towards costs associated with filing its
Registration Statement on Form SB-2 in August of 2007 and maintaining the
required filings of a reporting company.





As of the
date of this report, the Company believes it will require at a minimum $8000 in
order to survive for the next ninety days.  Expenses within this time
frame will include accounting, legal, and professional services in order to
maintain requirements as a reporting company.  If the Company is
unable to generate revenue through its proposed business or raise additional
capital through the sale of its common stock the business would fail and any
investment made into the Company would be lost in its
entirety.  Currently, management cannot provide any assurance or
guarantee that the Company will be able to generate revenues from its proposed
business or be able to raise proceeds through the sale of its common
stock.






15


Off-Balance
Sheet Arrangements





As of the
date of this Quarterly Report, the Company does not have any off-balance sheet
arrangements that have or are reasonably likely to have a current or future
effect on the Company's financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital expenditures or
capital resources that are material to investors. The term "off-balance sheet
arrangement" generally means any transaction, agreement or other contractual
arrangement to which an entity unconsolidated with the Company is a party, under
which the Company has (i) any obligation arising under a guarantee contract,
derivative instrument or variable interest; or (ii) a retained or contingent
interest in assets transferred to such entity or similar arrangement that serves
as credit, liquidity or market risk support for such assets.





Product
Research and Development





Over the
next twelve months the Company does not anticipate any significant research of
any products. The Company does not expect the purchase or sale of plant or any
significant equipment, and the Company does not anticipate any change in the
number of employees. The Company has no current material
commitments.





The
Company has no current plans, preliminary or otherwise, to merge with any other
entity.





Item 3.
Controls and Procedures





Regulations
under the Securities Exchange Act of 1934 require public companies to maintain
"disclosure controls and procedures," which are defined to mean a company's
controls and other procedures that are designed to ensure that information
required to be disclosed in the reports that it files or submits under the
Securities Exchange Act of 1934 is recorded, processed, summarized and reported
within the time periods specified in the Commission's rules and forms. The
Company's Chief Executive Officer, based on his evaluation of the Company's
disclosure controls and procedures within 90 days before the filing date of this
report, concluded that the Company's disclosure and procedures were effective
for this purpose.





Changes
In Internal Controls.





There
were no significant changes in the Company's internal controls or, to the
Company's knowledge, in other factors that could significantly affect these
controls subsequent to the date of their evaluation.





PART II -
OTHER INFORMATION





Item
      1.
            Not
      applicable.


Item
      2.
            Not
      applicable.


Item
      3.
            Not
      applicable.


Item
      4.
            Not
      applicable.


Item
      5.
            Not
      applicable.


Item
      6.
            Not
      applicable.





Exhibit
      Number
            Description





31.1
            Section
      302 Certification of Chief Executive Officer and Chief Financial Officer





32.1
            Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
      The Sarbanes-Oxley Act of 2002






16


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




Corporate
      Outfitters, Inc.Dated:
      February 13, 2008
            /s/ David
      TaigenChief
      Executive Officer andChief
      Financial Officer












































17