UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





(Mark
      One)x
            QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the quarterly period ended: October 31, 2009Oro
            TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the transition period from ____________ to
_____________Commission
      File Number: 333-100137SITESEARCH
      CORPORATION(Exact
      name of small business issuer as specified in its
  charter)Nevada
            20-5422795(State
      or other jurisdiction of incorporation
              or
      organization)
            (I.R.S.
      Employer Identification No.)2850
      W. Horizon Ridge Parkway, Ste 200
              Henderson, NV
            89052(Address
      of principal executive offices)
            (Zip
      Code)(702)
      799-9540(Issuer's
      telephone number)


Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.


Yes x   No o





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting
company.  See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act.




Large accelerated
      filer    o
            Accelerated
      filer    oNon-accelerated
      filer    o
            Smaller reporting
      company    x




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





Indicate
the number of shares outstanding of each of the issuer’s classes of common
stock, as of the latest practicable date:  8,089,677 as of December
14, 2009.















SITESEARCH
CORPORATION











Table
of Contents




PagePART
      I – FINANCIAL INFORMATION
              1Item
      1. Unaudited Financial Statements:
              2Consolidated
      Balance Sheets
              2Consolidated
      Statement of Operations and Comprehensive Loss
              3Consolidated
      Statements of Cash Flows
              4Notes
      to Unaudited Consolidated Financial Statements
              5Item
      2. Management's Discussion and Analysis of Financial Condition and Results
      of  Operations
              7Item
      4. Controls and Procedures
              8PART
      II – OTHER INFORMATION
              9Item
      1. Legal Proceedings.
              9Item
      1A. Risk Factors
              9Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds
              9Item
      3. Defaults Upon Senior Securities
              9Item
      4. Submission of Matters to a Vote of Security Holders
              9Item
      5. Other Information.
              9Item
      6. Exhibits
              9SIGNATURES
              10




















PART
I – FINANCIAL INFORMATION





Forward-Looking
Information




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




















Item
1.                      Financial
Statements.




SITESEARCH
      CORPORATION(A
      DEVELOPMENT STAGE COMPANY)CONDENSED
      CONSOLIDATED BALANCE SHEETS(UNAUDITED)October
      31,
                2009
              
              
              July
      31,
                2009ASSETSCash
      and cash equivalents
              
              $
              100,316
              
              
              $
              257,853Other
      current assets
              
              
              26,269
              
              
              
              28,699Total
      current assets
              
              
              126,585
              
              
              
              286,552Fixed
      assets (net of accumulated depreciation of $25,665 and
      $22,127)
              
              
              28,249
              
              
              
              31,311Deposits
              
              
              12,795
              
              
              
              13,430TOTAL
      ASSETS
              
              $
              167,629
              
              
              $
              331,293LIABILITIES AND STOCKHOLDERS'
      EQUITYLIABILITIESAccounts
      payable and accrued liabilities
              
              $
              42,095
              
              
              $
              66,408TOTAL LIABILITIES
              
              
              42,095
              
              
              
              66,408STOCKHOLDERS'
      EQUITYCommon
      stock, $0.001 par value; 55,000,000 shares authorized;8,089,677
      shares issued and outstanding
              
              
              8,090
              
              
              
              8,090Additional
      paid-in capital
              
              
              2,656,018
              
              
              
              2,653,991Accumulated
      other comprehensive loss
              
              
              (21,604
              )
              
              
              (16,621
              )Accumulated
      deficit
              
              
              (2,516,970
              )
              
              
              (2,380,575
              )Total
      stockholders' equity
              
              
              125,534
              
              
              
              264,885TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
              
              $
              167,629
              
              
              $
              331,293




The
Accompanying Notes are an Integral Part of These Unaudited Consolidated
Financial Statements





















SITESEARCH
CORPORATION
 (DEVELOPMENT
COMPANY)
 CONSOLIDATED
SATEMENT OF EXPENSES AND COMPREHENSIVE LOSS
 FOR
THE THREE MONTHS ENDED OCTOBER 31, 2009 AND OCTOBER 31, 2008
 AND
AUGUST 21, 2006 (INCEPTION) TO OCTOBER 31, 2009
 (UNAUDITED)


August
      21, 2006(Inception)Three
      months ended October 31,
              
              
              through2009
              
              
              2008
              
              
              October
      31, 2009REVENUES
              
              $
              -
              
              
              $
              -
              
              
              $
              222OPERATING
      EXPENSESSelling,
      general and administrative
              
              
              143,492
              
              
              
              286,006
              
              
              
              2,509,736Amortization
      and depreciation
              
              
              3,287
              
              
              
              2,761
              
              
              
              27,248Total
      costs and expenses
              
              
              146,779
              
              
              
              288,767
              
              
              
              2,536,984OPERATING
      (LOSS)
              
              
              (146,779
              )
              
              
              (288,767
              )
              
              
              (2,536,762
              )OTHER
      INCOME (EXPENSE)Other
      income
              
              
              10,603
              
              
              
              -
              
              
              
              11,903Interest
      income (expense)
              
              
              (219
              )
              
              
              (29
              )
              
              
              7,889Total
      other (expenses)
              
              
              10,384
              
              
              
              (29
              )
              
              
              19,792NET
      INCOME (LOSS) BEFOREPROVISION
      FOR INCOME TAXES
              
              
              (136,395
              )
              
              
              (288,796
              )
              
              
              (2,516,970
              )Provision
      for income taxes
              
              
              -
              
              
              
              -
              
              
              
              -NET
      INCOME (LOSS) APPLICABLE TO COMMON SHARES
              
              
              (136,395
              )
              
              
              (288,796
              )
              
              
              (2,516,970
              )Foreign
      currency translation adjustments
              
              
              (4,983
              )
              
              
              (11,107
              )
              
              
              (21,604
              )COMPREHENSIVE
      LOSS
              
              $
              (141,378
              )
              
              $
              (299,903
              )
              
              $
              (2,538,574
              )NET
      LOSS PER COMMON SHARE - BASIC & DILUTED:
              
              $
              (0.02
              )
              
              $
              (0.04
              )WEIGHTED
      AVERAGE COMMON SHARES OUTSTANDINGBASIC
      & DILUTED
              
              
              8,089,677
              
              
              
              7,967,040













The
Accompanying Notes are an Integral Part of These Unaudited Consolidated
Financial Statements

















SITESEARCH
CORPORATION
 CONSOLIDATED
SATEMENT OF CASH FLOWS
 FOR
THE THREE MONTHS ENDED OCTOBER 31, 2009 AND OCTOBER 31, 2008
 AND
AUGUST 21, 2006 (INCEPTION) TO OCTOBER 31, 2009
 (UNAUDITED)




August
      21, 2006(Inception)Three
      months ended October 31,
            
            
            Through2009
            
            
            2008
            
            
            October
      31, 2009CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
            
            $
            (136,395
            )
            
            
            (288,796
            )
            
            $
            (2,516,970
            )Adjustments
      to reconcile net loss to net cashused
      in operating activities:Shares
      and warrants issued to consultants and employees
            
            
            -
            
            
            
            41,004
            
            
            
            403,287Depreciation
      expense
            
            
            3,287
            
            
            
            2,761
            
            
            
            27,248Stock
      option expense
            
            
            2,027
            
            
            
            -
            
            
            
            54,067Changes
      in operating assets and liabilities:Prepaid
      expenses and other current assets
            
            
            2,430
            
            
            
            4,375
            
            
            
            (30,715
            )Deposits
            
            
            410
            
            
            
            2,929
            
            
            
            (12,879
            )Accounts
      payable and accrued expense
            
            
            (24,313
            )
            
            
            (9,483
            )
            
            
            46,400Net
      cash used in operating activities
            
            
            (152,554
            )
            
            
            (247,210
            )
            
            
            (2,029,562
            )CASH
      FLOWS FROM INVESTING ACTIVITIESCash
      paid for purchase of fixed assets
            
            
            -
            
            
            
            (4,396
            )
            
            
            (45,521
            )Net
      cash used in investing activities
            
            
            -
            
            
            
            (4,396
            )
            
            
            (45,521
            )CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from sale of stock
            
            
            -
            
            
            
            230,000
            
            
            
            2,172,749Proceeds
      from contributed capital
            
            
            -
            
            
            
            -
            
            
            
            24,254Net
      cash flow by financing activities
            
            
            -
            
            
            
            230,000
            
            
            
            2,197,003Effect
      of exchange rate changes on cash and cash equivalents
            
            
            (4,983
            )
            
            
            (11,107
            )
            
            
            (21,604
            )NET
      INCREASE (DECREASE)
            
            
            (157,537
            )
            
            
            (32,713
            )
            
            
            100,316CASH
      AND CASH EQUIVALENTS - BEGINNING OF PERIOD
            
            
            257,853
            
            
            
            1,025,558
            
            
            
            -CASH
      AND CASH EQUIVALENTS - END OF PERIOD
            
            $
            100,316
            
            
            $
            992,845
            
            
            $
            100,316SUPPLEMENTAL
      SCHEDULE OF CASH PAID FOR:Interest
            
            $
            -
            
            
            $
            -
            
            
            $
            -Income
      taxes
            
            $
            -
            
            
            $
            -
            
            
            $
            -SUPPLEMENTAL
      DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIESReceipt
      of fixed assets as contributed capital
            
            $
            -
            
            
            $
            -
            
            
            $
            9,750







The
Accompanying Notes are an Integral Part of These Unaudited Consolidated
Financial Statements








SITESEARCH
CORPORATION


(A
DEVELOPMENT STAGE COMPANY)


NOTES
TO UNAUDITED FINANCIAL STATEMENTS








NOTE
1 – BACKGROUND  AND BASIS OF PRESENTATION




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




Development
Stage Company




The
Company is considered to be in the development stage as defined in Statement of
Financial Accounting Standards (SFAS) No. 7, “Accounting and Reporting by
Development Stage Enterprises”. The Company has devoted substantially all of its
efforts to business planning and development. Additionally, the Company has
allocated a substantial portion of its time and investment to bringing its
product to the market, and to raising capital.




Certain
prior year amounts have been reclassified to conform with the current year
presentation.




We do not
expect the adoption of recently issued accounting pronouncements to have a
significant impact on our results of operations, financial position or cash
flows.




NOTE
2 - GOING CONCERN




The
accompanying consolidated financial statements have been prepared assuming
Sitesearch will continue as a going concern. Sitesearch has not received
substantial revenue, and has incurred losses from continuing operations and
operational cash outflows since inception. All losses accumulated since the
inception of business have been considered part of development stage
activities.




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





NOTE 3
- STOCKHOLDERS’ EQUITY




On
February 1, 2008, the Company issued 120,000 stock options to its Chief
Financial Officer. All options were issued with an exercise price of $1.00 and
expire in four years (or earlier in the event of termination). The stock options
vest and become exercisable in tranches of 15,000 shares every 90 days over a
two year period from the date of grant. The total fair value of this stock
option grant was estimated to be $54,721 on the date of grant using the
Black-Scholes option pricing model with the following assumptions: Volatility –
73%; Expected life range of 2 to 3 years; Risk-free rate of return – 2.5%. Stock
based compensation expense of $2,027 and $8,650 was recognized related to these
options in the three months ended October 31, 2009 and the three months ended
October 31, 2008, respectively. At October 31, 2009, the Company had $990 of
unrecognized stock compensation expense related to these options that will be
recognized over the vesting period.




During
the fiscal quarter ended October 31, 2009 there were no stock issuances,
expirations, or forfeitures.













NOTE 4
– SUBSEQENT EVENTS





The
Company evaluated all events or transactions that occurred after October 31,
2009 up through December 15, 2009, the date the Company issued these financial
statements.




On
December 8, 2009, we entered into a promissory note agreement with Inter123
Corporation, a Nevada Corporation controlled by Sitesearch CEO Jeffrey Peterson.
Pursuant to the agreement, Inter123 loaned $100,000 to Sitesearch, with
principal and interest payable on December 8, 2010. The note carries an annual
interest rate of 9%.
 
 On
December 8, 2009, we entered into a promissory note agreement with Ms. Rocio
Grijalva, an employee of Sitesearch. Pursuant to the agreement, Ms. Grijalva
loaned $150,000 to Sitesearch, with principal and interest payable December 8,
2010. The note carries an annual interest rate of 9%.
















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




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




Overview




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




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




Results
of Operations





General
and Administrative






General
      and Administrative Expenses2009
            
            
            2008
            
            
            Change
            
            
            PercentThree months ended
      October 31,
            
            $
            143,492
            
            
            $
            286,006
            
            
            $
            (142,514
            )
            
            
            (50
            )%




Our
general and administrative expenses decreased to $143,492 for the three months
ended October 31, 2009 as compared to $286,006 for the three months ended
October 31, 2008. This decrease is mainly attributable to a decrease in
personnel expenses of $83,441 in for the three months ended October 31, 2009 as
compared to $160,980 for the three months ended October 31, 2008, including
executive and stock based compensation. Professional fee expenses, including
legal and accounting, decreased to $15,422 as compared to $68,213 for the three
months ended October 31, 2009 and 2008, respectively.





Net
Loss




Net
      Loss2009
              
              
              2008
              
              
              Change
              
              
              PercentThree months ended
      October 31,
              
              $
              (136,395
              )
              
              $
              (288,767
              )
              
              $
              152,372
              
              
              
              (53
              )%
 
 Our net
loss decreased for the three months ended October 31, 2009 as compared to the
three months ended October 31, 2008, primarily due to the increase in operating
expenses which is discussed above.




Liquidity
and Capital Resources




At
October 31, 2009, we had working capital of $84,490, comprised of $126,585 of
current assets and $42,095 of current liabilities. We expect our working capital
balance to fluctuate significantly as we develop our business.




All of
our capital resources to date have been provided exclusively through the sale of
equity securities. From our inception through October 31, 2009, we received cash
proceeds of $2,172,749 from the sale of our common stock.













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




The
report of our registered independent public accountants on our financial
statements at July 31, 2009 contains a qualification about our ability to
continue as a going concern. This qualification is based on our lack of
operating history and negative operating cash flows, among other
things.





Sources
and Uses of Cash





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





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





Analysis
of Cash Flows





Net cash
used in operating activities was $152,554 during the three months ended October
31, 2009.  These cash flows consisted of payments for legal,
professional and consulting expenses, executive compensation, salaries, rent and
other expenditures necessary to develop our business
infrastructure.  No net cash was used or provided by investing
activities for the three months ended October 31, 2009. No net cash was used or
provided by financing activities for the three months ended October 31,
2009.





Net cash
used in operating activities was $247,210 during the three months ended October
31, 2008.  These cash flows consisted of payments for legal,
professional and consulting expenses, executive compensation, salaries, rent and
other expenditures necessary to develop our business
infrastructure.  Net cash used in investing activities was $4,396 for
the three months ended October 31, 2008, consisting of acquisitions of fixed
assets.  Net cash provided by financing activities was $230,000 during
the three months ended October 31, 2008 consisting of proceeds from the issuance
of common stock and warrants.





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





Recent
Accounting Pronouncements





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





Inflation
and Seasonality





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




Item
4.    Controls and Procedures.





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





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












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








PART
II – OTHER INFORMATION





Item
1.    Legal Proceedings.





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





Item
1A.  Risk Factors.





There
have been no changes to the risk factors identified in our Form 10-K filed on
November 20, 2009 and they are hereby incorporated by reference
herein.





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





None.





Item
3.   Defaults Upon Senior Securities.





None.





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





None.





Item
5.    Other Information.





None.





Item
6.    Exhibits.





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


*           Filed
herewith

















SIGNATURES





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





SITESEARCH
      CORPORATION(Registrant)Signature
            Title
            Date/s/
      Jeffrey S. Peterson
            Chief
      Executive Officer
            December
      15, 2009Jeffrey
      S. Peterson/s
      Humberto Garcia Borbon
            Chief
      Financial Officer
            December
      15, 2009Humberto
      Garcia Borbon