SECURITIES AND
EXCHANGE COMMISSION


WASHINGTON, D.C.
20549


----------------------


FORM
10-Q





Quarterly
Report Under Section 13 or 15 (d) of


Securities
Exchange Act of 1934





For the
quarterly period ended June 30, 2008


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
            I.R.S.Employer
      Classification
            Identification
      No.Code
            Number
      #





3327
West Indian Trail Road, Suite 152,


Spokane,
WA 99208





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


Facsimile:
302-636-5454


(Name,
Address, and Telephone Number of Agent)





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.   Yesx        Noo







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
            Non-Accelerated
      Filer o(Do
      not check if a smaller reporting company)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 x   NO
o





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 July 29, 2008, the registrant had
7,100,000 shares of common stock, $0.0001 par value, issued and
outstanding.





Transitional
Small Business Disclosure Format (Check one):    YESo    NOx













PART
      I - FINANCIAL INFORMATION - UNAUDITEDItem
      1.
            BALANCE
      SHEETS
            3STATEMENTS
      OF OPERATIONS
            4STATEMENT
      OF STOCKHOLDERS’ EQUITY
            5STATEMENTS
      OF CASH FLOWS
            6NOTES
      TO INTERIM FINANCIAL STATEMENTS
            7Item
      2.
            Management's
      Discussion and Analysis of Financial Condition and Plan of
      Operations.
            13Item
      3.
            Quantitative
      and Qualitative Disclosures About Market Risk
            15Item
      4.
            Controls
      and Procedures
            16PART
      II - OTHER INFORMATIONItem
      1.
            Legal
      Proceedings
            17Item
      2.
            Unregistered  Sales
      of Equity Securities and Use of Proceeds
            17Item
      3.
            Defaults
      Upon Senior Securities
            17Item
      4.
            Submission
      of Matters to a Vote of Security Holders
            17Item
      5.
            Other
      Information
            17Item
      6.
            Exhibit
      and Reports on Form 8-K
            17SIGNATURES
            
            18






2




PART I -
FINANCIAL INFORMATION





Item
1.  Financial Statements (Unaudited- Prepared by
Management)




CORPORATE
      OUTFITTERS, INCBALANCE
      SHEETJune
      30
            
            
            March
      31,2008
            
            
            2008ASSETS
            
            (unaudited)CURRENT
      ASSETSCash
            
            $
            58,465
            
            
            $
            7,625Total
      Current Assets
            
            
            58,465
            
            
            
            7,625PROPERTY
      AND EQUIPMENT, NET OF DEPRECIATION
            
            
            -
            
            
            
            -TOTAL
      ASSETS
            
            $
            58,465
            
            
            $
            7,625LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable
            
            $
            3,440
            
            
            $
            190Related
      party payable
            
            
            2,001
            
            
            
            2,001Total
      Current Liabilities
            
            
            5,441
            
            
            
            2,191COMMITMENTS
      AND CONTINGENCIES
            
            
            -
            
            
            
            -STOCKHOLDERS'
      EQUITY (DEFICIT)Common
      stock, $0.0001 par value;75,000,000
      shares authorized,2,100,000
      shares issued and outstanding
            
            
            710
            
            
            
            260Additional
      paid-in capital
            
            
            105,290
            
            
            
            15,690Accumulated
      deficit
            
            
            (52,976
            )
            
            
            (10,516
            )Total
      Stockholders' Equity (Deficit)
            
            
            53,024
            
            
            
            5,434TOTAL
      LIABILITIES ANDSTOCKHOLDERS'
      EQUITY (DEFICIT)
            
            $
            58,465
            
            
            $
            7,625


3




CORPORATE
      OUTFITTERS, INCSTATEMENTS
      OF OPERATIONSThree
      Months
              
              
              Three
      MonthsEnded
              
              
              Ended
              
              
              March
      9, 2007June
      30,
              
              
              June
      30,
              
              
              (Date
      of Inception)2008
              
              
              2007
              
              
              through(unaudited)
              
              
              (unaudited)
              
              
              June
      30, 2008REVENUES
              
              
              
              
              
              
              
              $
              -OPERATING
      EXPENSESGeneral
      and administrative expenses
              
              
              8,085
              
              
              
              10
              
              
              
              12,251Legal
      and accounting
              
              
              34,375
              
              
              
              450
              
              
              
              40,725Total
      operating expenses
              
              
              42,460
              
              
              
              460
              
              
              
              52,976LOSS
      FROM OPERATIONS
              
              
              (42,460
              )
              
              
              (460
              )
              
              
              (52,976
              )LOSS
      BEFORE TAXES
              
              
              (42,460
              )
              
              
              (460
              )
              
              
              (52,976
              )INCOME
      TAX EXPENSE
              
              
              -
              
              
              
              -
              
              
              
              -NET
      LOSS
              
              $
              (42,460
              )
              
              $
              (460
              )
              
              $
              (52,976
              )NET
      LOSS PER COMMON SHARE,BASIC
      AND DILUTED
              
              $
              (0.01
              )
              
              $
              (0.00
              )WEIGHTED
      AVERAGE NUMBEROF
      COMMON SHARES OUTSTANDING,BASIC
      AND DILUTED
              
              
              5,658,819
              
              
              
              2,100,000
  4


CORPORATE
      OUTFITTERS, INCSTATEMENT
      OF STOCKHOLDERS' EQUITYCommon
      Stock
              
              
              AdditionalPaid-in
              
              
              Accumulated
              
              
              TotalStockholders'Shares
              
              
              Amount
              
              
              Capital
              
              
              Deficit
              
              
              EquityCommon
      stock issued for cashat
      $0.025 per share
              
              
              2,000,000
              
              
              
              200
              
              
              
              4,800
              
              
              
              
              
              
              5,000-Common
      stock issued for services
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              -at
      $.01 per share
              
              
              100,000
              
              
              
              10
              
              
              
              990
              
              
              
              
              
              
              1,000-Net
      loss for the year ending
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              -March
      31, 2007
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (1,416
              )
              
              
              (1,416
              )-Balance,
      March 31, 2007
              
              
              2,100,000
              
              
              
              210
              
              
              
              5,790
              
              
              
              (1,416
              )
              
              
              4,584Common
      stock issued for cashat
      $0.02 per share
              
              
              497,500
              
              
              
              50
              
              
              
              9,900
              
              
              
              
              
              
              
              9,950Net
      loss for the year ending
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              -March
      31, 2008
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (9,100
              )
              
              
              (9,100
              )-Balance,
      March 31, 2008
              
              $
              2,597,500
              
              
              $
              259.75
              
              
              $
              15,690
              
              
              $
              (10,516
              )
              
              $
              5,433.75Common
      stock issued for cashat
      $0.02 per share
              
              
              4,502,500
              
              
              
              450
              
              
              
              89,600
              
              
              
              
              
              
              
              90,050Net
      loss for the period ending
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              -June
      30, 2008
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (42,460
              )
              
              
              (42,460
              )-Balance,
      June 30, 2008
              
              $
              7,100,000
              
              
              $
              710
              
              
              $
              105,290
              
              
              $
              (52,976
              )
              
              $
              53,024
  5
  CORPORATE
      OUTFITTERS, INCSTATEMENTS
      OF CASH FLOWSThree
      MonthsEnded
              
              
              Three
      MonthsEnded
              
              
              March
      9, 2007June
      30,
              
              
              June
      30,
              
              
              (Date
      of Inception)2008
              
              
              2007
              
              
              through(unaudited)
              
              
              (unaudited)
              
              
              June
      30, 2008CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      (loss)
              
              $
              (42,460
              )
              
              $
              (460
              )
              
              $
              (52,976
              )Common
      stock issued for servicesAdjustments
      to reconcile net loss to net cashprovided
      (used) by operating activities:Increase
      (decrease) in accounts payable
              
              
              3,250
              
              
              
              
              
              
              
              3,440Net
      cash provided (used) by operating activities
              
              
              (39,210
              )
              
              
              (460
              )
              
              
              (49,536
              )CASH
      FLOWS PROVIDED BY INVESTING ACTIVITIES:
              
              
              -
              
              
              
              -
              
              
              
              -CASH
      FLOWS PROVIDED BY FINANCING ACTIVITIES:Related
      party payable proceeds
              
              
              
              
              
              
              
              
              
              
              2,001Proceeds
      from sale of common stock
              
              
              90,050
              
              
              
              -
              
              
              
              106,000Net
      cash provided by financing activities
              
              
              90,050
              
              
              
              -
              
              
              
              108,001Net
      increase (decrease) in cash and cash equivalents
              
              
              50,840
              
              
              
              (460
              )
              
              
              58,465Cash
      at beginning of period
              
              
              7,625
              
              
              
              4,585
              
              
              
              -Cash
      at end of period
              
              $
              58,465
              
              
              $
              4,125
              
              
              $
              58,465SUPPLEMENTAL
      CASH FLOW DISCLOSURES:Income
      taxes paid
              
              $
              -
              
              
              $
              -
              
              
              $
              -Interest
      paid
              
              $
              -
              
              
              $
              -
              
              
              $
              -
  
 6
 CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
 
 NOTE
1 – DESCRIPTION OF BUSINESS
 
 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.
 
 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.
 
 Accounting
Pronouncements
 In May,
2008, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 163, “Accounting for Financial Guarantee Insurance
Contracts—an interpretation of FASB Statement No. 60” (SFAS 163). This Statement
requires that an insurance enterprise recognize a claim liability prior to an
event of default (insured event) when there is evidence that credit
deterioration has occurred in an insured financial obligation. This Statement
also clarifies how Statement 60 applies to financial guarantee insurance
contracts, including the recognition and measurement to be used to account for
premium revenue and claim liabilities. Those clarifications will increase
comparability in financial reporting of financial guarantee insurance contracts
by insurance enterprises. This Statement requires expanded disclosures about
financial guarantee insurance contracts. The accounting and disclosure
requirements of the Statement will improve the quality of information provided
to users of financial statements. This Statement is effective for financial
statements issued for fiscal years beginning after December 15, 2008, and all
interim periods within those fiscal years, except for some disclosures about the
insurance enterprise’s risk-management activities. This Statement requires that
disclosures about the risk-management activities of the insurance enterprise be
effective for the first period (including interim periods) beginning after
issuance of this Statement. Except for those disclosures, earlier application is
not permitted. The adoption of this statement will have no material effect
on the Company’s financial condition or results of operations.
 
 7
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
 In May,
2008, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 162, “The Heirarchy of Generally Accepted Accounting
Principles” (SFAS No. 162). This Statement identifies the sources of accounting
principles and the framework for selecting the principles to be used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy). The sources of accounting
principles1 that are generally accepted are categorized in descending order of
authority as follows:
 
 a. FASB
Statements of Financial Accounting Standards and Interpretations, FASB Statement
133 Implementation Issues, FASB Staff Positions, and American Institute of
Certified Public Accountants (AICPA) Accounting Research Bulletins and
Accounting Principles Board Opinions that are not superseded by actions of the
FASB
 
 b. FASB
Technical Bulletins and, if cleared2 by the FASB, AICPA Industry Audit and
Accounting Guides and Statements of Position
 
 c. AICPA
Accounting Standards Executive Committee Practice Bulletins that have been
cleared by the FASB, consensus positions of the FASB Emerging Issues Task Force
(EITF), and the Topics discussed in Appendix D of EITF Abstracts(EITF
D-Topics)
 
 d.
Implementation guides (Q&As) published by the FASB staff, AICPA Accounting
Interpretations, AICPA Industry Audit and Accounting Guides and Statements of
Position not cleared by the FASB, and practices that are widely recognized and
prevalent either generally or in the industry.
 
 The
adoption of this statement will have no material effect on the Company’s
financial condition or results of operations.
  In March
2008, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 161, “Disclosures about Derivative Instruments and
Hedging Activities—an amendment of FASB Statement No. 133” (SFAS No. 161). This
statement changes the disclosure requirements for derivative instruments and
hedging activities. Entities are required to provide enhanced disclosures about
(a) how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under Statement 133 and
its related interpretations, and (c) how derivative instruments and related
hedged items affect an entity’s financial position, financial performance, and
cash flows. This Statement is intended to enhance the current disclosure
framework in Statement 133. The Statement requires that objectives for using
derivative instruments be disclosed in terms of underlying risk and
accounting designation. This disclosure better conveys the purpose of derivative
use in terms of the risks that the entity is intending to manage. Disclosing the
fair values of derivative instruments and their gains and losses in a tabular
format should provide a more complete picture of the location in an entity’s
financial statements of both the derivative positions existing at period end and
the effect of using derivatives during the reporting period. Disclosing
information about credit-risk-related contingent features should provide
information on the potential effect on an entity’s liquidity from using
derivatives. Finally, this Statement requires cross-referencing within the
footnotes, which should help users of financial statements locate important
information about derivative instruments.
  8
  CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
 In
December 2007, the FASB issued Statement of Financial Accounting Standards No.
160 ("SFAS 160"), “Noncontrolling Interests in Consolidated Financial
Statements”, this statement requires that the ownership interests in
subsidiaries held by parties other than the parent be clearly identified,
labeled, and presented in the consolidated statement of financial position
within equity, but separate from the parent’s equity.  The amount of
consolidated net income attributable to the parent and to the noncontrolling
interest be clearly identified and presented on the face of the consolidated
statement of income.  Changes in a parent’s ownership interest while
the parent retains its controlling financial interest in its subsidiary be
accounted for consistently. A parent’s ownership interest in a subsidiary
changes if the parent purchases additional ownership interests in its subsidiary
or if the parent sells some of its ownership interests in its subsidiary. It
also changes if the subsidiary reacquires some of its ownership interests or the
subsidiary issues additional ownership interests. All of those transactions are
economically similar, and this Statement requires that they be accounted for
similarly, as equity transactions.  When a subsidiary is
deconsolidated, any retained noncontrolling equity investment in the former
subsidiary be initially measured at fair value. The gain or loss on the
deconsolidation of the subsidiary is measured using the fair value of any
noncontrolling equity investment rather than the carrying amount of that
retained investment. Entities provide sufficient disclosures that clearly
identify and distinguish between the interests of the parent and the interests
of the noncontrolling owners.This
Statement is effective for fiscal years, and interim periods within those fiscal
years, beginning on or after December 15, 2008 (that is, January 1, 2009, for
entities with calendar year-ends). Earlier adoption is prohibited. The effective
date of this Statement is the same as that of the related Statement
141(R)
 
 In
December 2007, the FASB issued Statement of Financial Accounting Standards No.
141R, “Business Combinations”, (SFAS No. 141R”). This statement changes the
accounting for business combinations. Under this statement, an acquiring entity
is required to recognize all the assets acquired and liabilities assumed in a
transaction at the acquisition-date fair value with limited exceptions. This
statement changes the accounting treatment and disclosure for certain specific
items in a business combination. This statement 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. Accordingly, any business combinations we engage in will be recorded
and disclosed following existing generally accepted accounting principles (GAAP)
until January 1, 2009. We expect SFAS No. 141R will have an impact on accounting
for business combinations once adopted but the effect is dependent upon
acquisitions at that time.
 
 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.
 
 9
 
 CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
  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.  There were no cash equivalents
at June 30, 2008 and March 31, 2008.
 
 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 June
30, 2008 and 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.
 
 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 June 30, 2008 and March 31,
 2008.
 
 10
 
 CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
  Provision for
Taxes
 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. See
Note 5.
 
 Effective
November 1, 2007, the Company adopted the Financial Accounting Standards
Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income
Taxes—an interpretation of FASB Statement No. 109 (“FIN 48”). FIN 48
clarifies the accounting for uncertainty in income taxes recognized in an
enterprise’s financial statements in accordance with FASB Statement
No. 109, Accounting for
Income Taxes. FIN 48 prescribes a recognition threshold and measurement
attribute for the financial statement recognition and measurement of a tax
position taken or expected to be taken in a tax return. Additionally, FIN 48
provides guidance on derecognition, classification, interest and penalties,
accounting in interim periods, disclosure, and transition. The adoption of FIN
48 did not have a material impact on the Company’s financial position, results
of operation or liquidity.  The current Company policy classifies any
interest recognized on an underpayment of income taxes as interest expense and
classifies any statutory penalties recognized on a tax position taken as
selling, general and administrative expense.
 
 The
Company has not taken a tax position that, if challenged, would have a material
effect on the financial statements for the twelve-months ended March 31, 2009,
or during the prior three years applicable under FIN 48.
 
 As a
result of the adoption of FIN 48, we did not recognize any adjustment to
the liability for uncertain tax position and therefore did not record any
adjustment to the beginning balance of accumulated deficit on the consolidated
balance sheet.
 
 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 an accumulated deficit
incurred through June 30, 2008.  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.
 
 11
 
 CORPORATE
OUTFITTERS, INC
 NOTES TO
THE FINANCIAL STATEMENTS
 JUNE 30,
2008
 
 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.
 
 During
the year ended March 31, 2008, the Company issued 497,500 shares of common stock
to investors at a price of $0.02 per unit in a private placement, for a total of
$9,950 in cash.
 
 During
the period ended June 30, 2008, the Company issued 4,502,500 shares of common
stock to investors at a price of $0.02 per unit in a private placement, for a
total of $90,050.
 
 NOTE
4 – RELATED PARTY TRANSACTIONS
 
 During
the year ended March 31, 2006, the sole officer and director of the Company,
loaned $1 to open the bank account.
 
 During
the year ended March 31, 2007, the sole officer and director of the Company,
loaned $2,000 for operating expenses.
 
 The
officer loan is due on demand.  As of June 30, 2008, the officer has
not made demand for the officer payable.
  NOTE
5 - PROVISION FOR TAXES
 
 At June
30, 2008 the Company had net deferred tax assets calculated at an expected rate
of 35% of approximately $18,600 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 June 30, 2008.
 
 At June
30, 2008, the Company has net operating loss carryforwards of approximately
$53,000, which begin to expire in the year 2027.
  12


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





Safe
Harbor Statement under the Private Securities Litigation Reform Act of
1995




Information
set forth herein contains "forward-looking statements" which can be identified
by the use of forward-looking terminology such as "believes," "expects," "may,”
“should" or "anticipates" or the negative thereof or other variations thereon or
comparable terminology, or by discussions of strategy. No assurance can be given
that the future results covered by the forward-looking statements will be
achieved. The Company cautions readers that important factors may affect the
Company’s actual results and could cause such results to differ materially from
forward-looking statements made by or on behalf of the Company. These include
the Company’s lack of historically profitable operations, dependence on key
personnel, the success of the Company’s business, ability to manage anticipated
growth and other factors identified in the Company's filings with the Securities
and Exchange Commission.




General




Corporate
Outfitters, Inc. ("Corporate Outfitters" or the “Company”) is a development
stage company that was incorporated on March 9, 2007, under the laws of the
State of Delaware.  The principal offices are located at 3327 West
Indian Trail Road, Suite 152, Spokane, WA  99208-4762. The telephone
number is (509) 290-2847.  The fax number is (509)
326-2776.





Since
becoming incorporated, Corporate Outfitters has not made any significant
purchases or sale of assets, nor has it been involved in any mergers,
acquisitions or consolidations. Corporate Outfitters has never declared
bankruptcy, it has never been in receivership, and it has never been involved in
any legal action or proceedings.  Our fiscal year end is March
31st.





Corporate
Outfitters, Inc. is looking to enter into the promotional branding industry with
the objective of adding value to a wide variety of products by endorsing them
with the corporate logos of a company for use by the company’s employees or as
gifts or promotional items.  Corporate Outfitters plans to establish
itself as a specialized brand promotional merchandising company. The Company
will identify a range of casual apparel and consumer products that can be
manufactured and resold for high mark-ups with the product endorsement of
corporate logos. Corporate Outfitters intends to create brand name awareness
amongst purchasing managers or decision makers who are able to place its
targeted products into its targeted market. The targeted market is small to
mid-size companies, who are using logo bearing apparel, essential office
products, and leisure products for their employees as well as for gifts for
customers.




13




Business
Development





Corporate
Outfitters initially plans to source its raw products (apparel and consumer
products without any logos) in China. Once the Company has selected a range of
apparel and promotional products and negotiated pricing it will purchase a small
inventory in order to make promotional samples.  The Company will hire
independent contractors within the United States for all graphic design,
embroidery, and screen printing necessary to place the prospective company logos
on the products.  The Company will profile and market its product line
to the corporate marketplace through online merchandising and an e-catalog on
its website.  The website will have online catalogs offering apparel,
office products and leisure products. The site will allow the consumer to
“upload” an electronic version of their company or corporate logo and order
products online through a fully functional e-commerce enabled
website.





As of
June 30, 2008, Corporate Outfitters had raised approximately $100,000 through
the sale of common stock via its registered offering. As of June 30, 2008 there
was approximately $58,465 of cash on hand and in the corporate bank account.
Corporate Outfitters currently has liabilities of $5,441.  In
addition, Corporate Outfitters anticipates additional costs associated with
preparing this quarterly report in the amount of $4,000 which includes
accounting, bookkeeping, and filing fees.





As of the
date of this quarterly report, the Company had fully subscribed its registered
offering of 5,000,000 common shares offered at $0.02 per share with total
proceeds raised at $100,000.  We intend to utilize these funds to
begin the development of our website and cover expenses relating to maintaining
a reporting company status. We have not yet generated or realized any revenues
from our business operations.





There are
no employees other than the current sole officer and director of the Company,
David Taigen.  There are no employment agreements.





Plan
Of Operation




The
following discussion is intended to assist in the understanding and assessment
of changes and trends related to the results of operations and financial
condition of Corporate Outfitters, Inc. This discussion and analysis should be
read in conjunction with our consolidated financial statements and notes thereto
included elsewhere in this Quarterly Report on Form 10-Q for the period
ended June 30, 2008.




Critical
Accounting Policies




The
preparation of our consolidated financial statements and notes thereto requires
management to make estimates and assumptions that affect the amounts and
disclosures reported within those financial statements. On an ongoing basis,
management evaluates its estimates, including those related to revenue
recognition, workers' compensation costs, collectibles of accounts receivable,
and impairment of goodwill and intangible assets, contingencies, litigation and
income taxes. Management bases its estimates and judgments on historical
experiences and on various other factors believed to be reasonable under the
circumstances. Actual results under circumstances and conditions different than
those assumed could result in differences from the estimated amounts in the
financial statements. There have been no material changes to these policies
during fiscal year.




Executive
Overview




First
quarter of 2008 the focus of the Company was primarily on completing offering of
common shares through its registration statement filed on Form SB-2 and
preparing and filing a 15c-211 application through a broker-dealer in order to
obtain a quotation for its common stock on the Over the Counter Bulletin Board
(OTCBB) registration statement on Form SB-2 in order to register 5,000,000
common shares to be sold as a direct offering to the public at a price of $0.02
per share to fund the anticipated business development activities and costs
associated with maintaining a reporting company status.




14




The
registration of the shares was deemed effective on August 8, 2007 and the
subsequent Post-Effective Amendment thereto was deemed effective on February 8,
2008.  As of the date of this report the Company has sold all
5,000,000 common shares it registered and offered to the public at a price of
$0.02 per share.  As such this offering is closed.




Quarter
Ended June 30, 2008




Revenue.The
Company has not generated any revenues.  As of the June 30, 2008 the
only proceeds received by the Company have been $102,000 through the sale of its
common stock to its sole director and officer and the sale of approximately
5,000,000 common shares through its registered offering.




Liquidity
and Capital Resources




We will
require additional amounts of working capital to take our company to level of
operations and be able to continue to cover expenses relating to maintaining the
status of a reporting company including legal, accounting and filing
fees.  As of June 30, 2008 we had $58,465 of cash available, we had
total liabilities of $5,441.  Our loss from inception (March 7, 2007)
to June 30, 2008 was $42,460 of these loses $34,375 was relating to legal,
accounting, and consulting expenses and $8,085 related to general administrative
costs.




The
Company believes it must raise additional proceeds in order to survive as a
going concern within the next six months or become operational in order to
survive as a going concern.  If we are unable to accomplish raising
adequate funds then it would be likely that any investment made into the Company
would be lost in its entirety.




Off-Balance
Sheet Arrangements




None.




Product
Research and Development




The
Company does not anticipate any costs or expenses to be incurred for product
research and development within the next twelve months.





Employees





There are
no employees of the Company, excluding the current President and Director, David
Taigen, of the corporation.





Item
3. Quantitative and Qualitative Disclosures About Market Risk





Not
Applicable.





15


Item
4. Controls and Procedures





The
management of the Company is responsible for establishing and maintaining
adequate internal control over financial reporting, as required by
Sarbanes-Oxley (SOX) Section 404 A. The Company's internal control over
financial reporting is a process designed under the supervision of the Company's
Chief Executive Officer and Chief Financial Officer to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of the Company's financial statements for external purposes in accordance with
U.S. generally accepted accounting principles.





As of
June 30, 2008 management assessed the effectiveness of the Company's internal
control over financial reporting based on the criteria for effective internal
control over financial reporting established in SEC guidance on conducting such
assessments. Based on that evaluation, they concluded that, during the period
covered by this report, such internal controls and procedures were not effective
to detect the inappropriate application of US GAAP rules as more fully described
below. This was due to deficiencies that existed in the design or operation of
our internal control over financial reporting that adversely affected our
internal controls and that may be considered to be material
weaknesses.





The
matters involving internal controls and procedures that the Company's management
considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee and
lack of a majority of outside directors on the Company's board of directors,
resulting in ineffective oversight in the establishment and monitoring of
required internal controls and procedures; (2) inadequate segregation of duties
consistent with control objectives; (3) insufficient written policies and
procedures for accounting and financial reporting with respect to the
requirements and application of US GAAP and SEC disclosure requirements; and (4)
ineffective controls over period end financial disclosure and reporting
processes. The aforementioned material weaknesses were identified by the
Company's Chief Financial Officer in connection with the review of our financial
statements as of June 30, 2008 and communicated the matters to our
management.





Management
believes that the material weaknesses set forth in items (2), (3) and (4) above
did not have an affect on the Company's financial results. However, management
believes that the lack of a functioning audit committee and lack of a majority
of outside directors on the Company's board of directors, resulting in
ineffective oversight in the establishment and monitoring of required internal
controls and procedures can result in the Company's determination to its
financial statements for the future years.





We are
committed to improving our financial organization. As part of this commitment,
we will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to the Company: i)
Appointing one or more outside directors to our board of directors who shall be
appointed to the audit committee of the Company resulting in a fully functioning
audit committee who will undertake the oversight in the establishment and
monitoring of required internal controls and procedures; and ii) Preparing and
implementing sufficient written policies and checklists which will set forth
procedures for accounting and financial reporting with respect to the
requirements and application of US GAAP and SEC disclosure
requirements.




16


Management
believes that the appointment of one or more outside directors, who shall be
appointed to a fully functioning audit committee, will remedy the lack of a
functioning audit committee and a lack of a majority of outside directors on the
Company's Board. In addition, management believes that preparing and
implementing sufficient written policies and checklists will remedy the
following material weaknesses (i) insufficient written policies and procedures
for accounting and financial reporting with respect to the requirements and
application of US GAAP and SEC disclosure requirements; and (ii) ineffective
controls over period end financial close and reporting processes. Further,
management believes that the hiring of additional personnel who have the
technical expertise and knowledge will result proper segregation of duties and
provide more checks and balances within the department. Additional personnel
will also provide the cross training needed to support the Company if personnel
turn over issues within the department occur. This coupled with the appointment
of additional outside directors will greatly decrease any control and procedure
issues the company may encounter in the future.





We will
continue to monitor
and  evaluate  the  effectiveness  of
our  internal controls and procedures and our internal controls over
financial reporting on an ongoing  basis and
are  committed  to
taking  further  action  and  implementing
additional enhancements or improvements, as necessary and as funds
allow.





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. Legal Proceedings





The
Company is not a party to any pending legal proceedings, and no such proceedings
are known to be contemplated.





No
director, officer, or affiliate of the Company and no owner of record or
beneficial owner of more than 5.0% of the securities of the Company, or any
associate of any such director, officer or security holder is a party adverse to
the Company or has a material interest adverse to the Company in reference to
pending litigation.





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 Vote of Security Holders


None.





Item
5. Other Information


None.





Item 6.
Exhibits and Reports on Form 8-K





Exhibit
      Number
            
            Description31
            
            Section
      302 Certification of Chief Executive and Chief Financial
      Officer32
            
            Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 Of
      The Sarbanes-Oxley Act Of 2002







17




SIGNATURES





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








Corporate Outfitters,
  Inc.Dated:
      July 29, 2008
            /s/
      David
      TaigenDavid
      TaigenChief
      Executive Officer andChief
      Financial Officer






18