SECURITIES AND EXCHANGE
COMMISSION


Washington, D.C.
20549













þ
            
            QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934


For the quarterly period ended
September 30, 2008





OR


o
            
            TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934


For the transition period from
___________ to ___________




Commission
file number 000-52822





CORPORATE
EQUITY INVESTMENTS, INC.


(Exact
name of small business issuer as specified in its charter)




Florida
            
            20-8090735(State
      or other jurisdiction of
              incorporation
      or organization)
            
            (I.R.S.
      Employer
              Identification
      Number)





5775 Blue Lagoon
      Drive
              Suite
      100
              Miami,
      Florida
            
            33126(Address
      of principal executive offices)
            
            (Zip
      Code)




(786) 888-4567


(Issuer’s
telephone number, including area code)





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 þ     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. (Check
one):


Large
      accelerated filer o
            
            Accelerated
      filer o
            
            Non-accelerated
      filer o
            
            Smaller
      reporting company þ(Do
      not check if a smaller reporting company)





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




Indicate
the number of shares outstanding of each of the issuer’s classes of common
stock, as of the latest practicable date.


Class
            
            Outstanding
      at September 30, 2008Common
      Stock, $.001 par value per share
            
            4,060,000
      shares






-1-




CORPORATE
EQUITY INVESTMENTS, INC.




TABLE OF
CONTENTS


PAGEPart
      I Financial Information
            3Item 1. Condensed Financial
      Statements (unaudited).
            3Condensed Balance Sheets
            4Condensed Statements of Operations
            5Condensed Statements of Cash Flows
            6Notes to Financial Statements
            7Item 2. Management’s Discussion and Analysis of Financial
      Condition and Results of Operations.
            11Item 3. Quantitative and Qualitative Disclosures About Market
      Risk.
            13Item 4T. Controls and Procedures.
            13Part
      II Other Information
            15IItem 6. Exhibits.
            14Signatures
            15







-2-






Item 1.
Financial Statements (unaudited).





Corporate
Equity Investments, Inc.


(A
Development Stage Company)


Condensed
Financial Statements





September
30, 2008


(Unaudited)




CONTENTS


PagesCondensed
      Financial Statements:Condensed Balance Sheets - As of June 30, 2008 (Unaudited) and
      December 31, 2007 (Audited)
            4Condensed Statements of Operations -
              For the three and six months ended September 30, 2008 and 2007
      and for the
              period from December 22, 2006 (inception) to September 30,
      2008 (Unaudited)5Condensed Statements of Cash Flows -
              For the six months ended September 30, 2008 and 2007 and for
      the
              period from December 22, 2006 (inception) to September 30, 2008
      (Unaudited)6Notes to Financial Statements
(Unaudited)
            7




-3-
 
  Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Condensed Balance
      SheetsSeptember 30,
      2008
                
                
                December 31,
      2007(Unaudited)
                
                
                (Audited)AssetsCurrent
    AssetsCash
                
                $
                170
                
                
                $
                1,150Deposit on
      hand
                
                
                -
                
                
                
                250Total Current
      Assets
                
                
                170
                
                
                
                1,400Total
Assets
                
                $
                170
                
                
                $
                1,400Liabilities
      and Stockholders’ DeficitCurrent
      LiabilitiesDue to related
      parties
                
                $
                27,594
                
                
                $
                11,687Deposit on unissued
      stock
                
                
                -
                
                
                
                250Total Current
      Liabilities
                
                
                27,594
                
                
                
                11,937Stockholders’
      DeficitPreferred stock ( no par value,
      5,000,000 shares authorized,none issued and
      outstanding)
                
                
                -
                
                
                
                -Common stock ($0.001 par value,
      100,000,000 shares authorized,4,060,000
      shares issued and outstanding at September 30, 2008
    and4,000,000
      shares issued and outstanding at December 31, 2007)
                
                
                4,060
                
                
                
                4,000Additional paid in
      capital
                
                
                2,119
                
                
                
                680Deficit accumulated during
      development stage
                
                
                (33,603
                )
                
                
                (15,217
                )Total Stockholders’
      Deficit
                
                
                (27,424
                )
                
                
                (10,537
                )Total Liabilities and
      Stockholders’ Deficit
                
                $
                170
                
                
                $
                1,400
  -4-
 
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Condensed Statement of Operations(Unaudited)For the Three
      Months Ended September 30,
                  
                  
                  For the Nine
      Months Ended September 30,
                  
                  
                  For the Period
      from December 22, 2006 (inception) to2008
                  
                  
                  2007
                  
                  
                  2008
                  
                  
                  2007
                  
                  
                  September 30,
      2008Revenues
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Operating
      expensesGeneral and
      administrative
                  
                  
                  2,738
                  
                  
                  
                  9,566
                  
                  
                  
                  18,387
                  
                  
                  
                  10,501
                  
                  
                  
                  33,603Total operating
      expenses
                  
                  
                  2,738
                  
                  
                  
                  9,566
                  
                  
                  
                  18,387
                  
                  
                  
                  10,501
                  
                  
                  
                  33,603Loss from
      operations
                  
                  
                  (2,738
                  )
                  
                  
                  (9,566
                  )
                  
                  
                  (18,387
                  )
                  
                  
                  (10,501
                  )
                  
                  
                  (33,603
                  )Net loss
                  
                  $
                  (2,738
                  )
                  
                  $
                  (9,566
                  )
                  
                  $
                  (18,387
                  )
                  
                  $
                  (10,501
                  )
                  
                  $
                  (33,603
                  )Net loss per share - basic and
      diluted
                  
                  $
                  (0.00
                  )
                  
                  $
                  (0.00
                  )
                  
                  $
                  (0.00
                  )
                  
                  $
                  (0.00
                  )
                  
                  $
                  (0.01
                  )Weighted
      average number of shares outstandingduring the year - basic and
      diluted
                  
                  
                  4,060,000
                  
                  
                  
                  3,326,087
                  
                  
                  
                  4,048,394
                  
                  
                  
                  2,446,886
                  
                  
                  
                  3,338,364
 
 -5-
 
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Condensed Statement of
      Cash Flows(Unaudited)For the Nine
      Months Ended September 30,
                  
                  
                  For the period
      from December 22, 2006 ( Inception ) to2008
                  
                  
                  2007
                  
                  
                  September 30,
      2008CASH FLOWS FROM OPERATING
      ACTIVITIES:Net loss
                  
                  $
                  (18,387
                  )
                  
                  $
                  (10,501
                  )
                  
                  $
                  (33,603
                  )Adjustments to
      reconcile net loss to net cash used in operating
      activities:Contributed services -
      related party
                  
                  
                  -
                  
                  
                  
                  610
                  
                  
                  
                  679(Increase) decrease
      in:Deposit on
    hand
                  
                  
                  250
                  
                  
                  
                  -
                  
                  
                  
                  -Increase (decrease)
      in:Accounts
      Payable
                  
                  
                  -
                  
                  
                  
                  525
                  
                  
                  
                  -Due to
      related party
                  
                  
                  15,907
                  
                  
                  
                  5,541
                  
                  
                  
                  27,594Deposit on unissued
      stock
                  
                  
                  (250
                  )
                  
                  
                  -
                  
                  
                  
                  -Net
      Cash Used In Operating Activities
                  
                  
                  (2,480
                  )
                  
                  
                  (3,825
                  )
                  
                  
                  (5,330
                  )CASH FLOWS FROM FINANCING
      ACTIVITIES:Proceeds
      from sale of common stock
                  
                  
                  1,500
                  
                  
                  
                  2,000
                  
                  
                  
                  5,500Net
      Cash Provided By Financing Activities
                  
                  
                  1,500
                  
                  
                  
                  2,000
                  
                  
                  
                  5,500Net increase (decrease) in
      cash
                  
                  
                  (980
                  )
                  
                  
                  (1,825
                  )
                  
                  
                  170Cash - beginning of
      period
                  
                  
                  1,150
                  
                  
                  
                  2,000
                  
                  
                  
                  -Cash - end of
      period
                  
                  $
                  170
                  
                  
                  $
                  175
                  
                  
                  $
                  170Supplemental
      Disclosure of Cash Flow InformationCash paid during the period
      for:Income
      taxes
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Interest
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
 
 -6-
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Notes to Financial
      StatementsSeptember 30,
      2008
                  (Unaudited)
  Note 1 Basis
ofPresentation
  The
accompanying unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the rules and regulations of the United States Securities and
Exchange Commission for interim financial information. Accordingly, they do not
include all the information and footnotes necessary for a comprehensive
presentation of financial position, results of operations, stockholders’ equity
or cash flows. It is management's opinion, however, that all material
adjustments (consisting of normal recurring adjustments) have been made which
are necessary for a fair financial statement presentation. The results for the
interim period are not necessarily indicative of the results to be expected for
the full year.
 
 The
unaudited interim condensed financial statements should be read in conjunction
with the Company’s Annual Report on Form 10-K, which contains the audited
financial statements and notes thereto, together with the Management’s
Discussion and Analysis, for the year ended December 31, 2007.  The
interim results for the period ended September 30, 2008 are not necessarily
indicative of the results for the year ending December 31, 2008.
 
 Note 2 Nature of Operations
and Summary of Significant Accounting Policies
 
 Nature
of operations
 
 Corporate
Equity Investments, Inc. (the “Company”), was incorporated in Florida on
December 22, 2006. The Company intends to serve as a vehicle to effect an asset
acquisition, merger, or business combination with a domestic or foreign
business.
 
 Development
Stage
 
 The
Company's condensed financial statements are presented as those of a development
stage enterprise. Activites during the development stage primarily include
related party equity-based financing and development of the business plan. At
September 30, 2008 the Company had not yet commenced operations.
 
 Use
of estimates
 
 The
preparation of condensed financial statements in conformity with generally
accepted accounting principles in the United States of America, requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of revenue and
expenses during the reporting period. Actual results could differ from those
estimates.
 
 Cash
 
 For
purposes of the condensed statement of cash flows, the Company considers all
highly liquid instruments purchased with a maturity of three months or less and
money market accounts to be cash equivalents. At September 30, 2008, the Company
has no cash equivalents.
 
 Net
loss per share
 
 Basic
loss per share is computed by dividing net loss by weighted average number of
shares of common stock outstanding during each period.  Diluted income
per share is computed by dividing net income by the weighted average number of
shares of common stock, common stock equivalents and potentially dilutive
securities outstanding during each period. At September 30, 2008, the Company
does not have any outstanding common stock equivalents; therefore, a separate
computation of diluted loss per share is not presented.
 -7-
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Notes to Financial
      StatementsSeptember 30,
      2008
                  (Unaudited)
 Reclassifications
 
 Certain
amounts in the year 2007 financial statements have been reclassified to conform
to the year 2008 presentation. The results of these reclassifications did not
materially affect the Company’s financial position, results of operations or
cash flows.
 
 Recent
Accounting Pronouncements
 
 In
September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements”,
which clarifies the principle that fair value should be based on the assumptions
that market participants would use when pricing an asset or
liability.  It also defines fair value and established a hierarchy
that prioritizes the information used to develop assumptions.  SFAS
No. 157 is effective for financial statements issued for fiscal years beginning
after November 15, 2007.  The Company does not expect SFAS No. 157 to
have a material impact on its financial position, results of operations or cash
flows.
 
 In
February 2007, the Financial Accounting Standards Board (“FASB”) 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” (“SFAS 159”). This standard permits an entity to measure
financial instruments and certain other items at estimated fair value. Most of
the provisions of SFAS No. 159 are elective; however, the amendment to FASB
No. 115, “Accounting for Certain Investments in Debt and Equity
Securities,” applies to all entities that own trading and available-for-sale
securities. The fair value option created by SFAS 159 permits an entity to
measure eligible items at fair value as of specified election dates. The fair
value option (a) may generally be applied instrument by instrument,
(b) is irrevocable unless a new election date occurs, and (c) must be
applied to the entire instrument and not to only a portion of the instrument.
SFAS 159 is effective as of the beginning of the first fiscal year that begins
after November 15, 2007. Early adoption is permitted as of the beginning of
the previous fiscal year provided that the entity (i) makes that choice in
the first 120 days of that year, (ii) has not yet issued financial
statements for any interim period of such year, and (iii) elects to apply
the provisions of FASB 157. Management is currently evaluating the impact of
SFAS 159, if any, on the Company’s financial statements. The adoption of SFAS
No. 159 is not expected to have a material effect on its financial position,
results of operations or cash flows.
 
 In
December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in
Consolidated Financial Statements, an amendment of Accounting Research Bulletin
No 51” (SFAS 160). SFAS 160 establishes accounting and reporting
standards for ownership interests in subsidiaries held by parties other than the
parent, changes in a parent’s ownership of a noncontrolling interest,
calculation and disclosure of the consolidated net income attributable to the
parent and the noncontrolling interest, changes in a parent’s ownership interest
while the parent retains its controlling financial interest and fair value
measurement of any retained noncontrolling equity investment. SFAS 160 is
effective for financial statements issued for fiscal years beginning after
December 15, 2008, and interim periods within those fiscal years. Early adoption
is prohibited. The adoption of SFAS No. 160 is not expected to have a material
effect on its financial position, results of operations or cash
flows.
 
 In
December 2007, the FASB issued SFAS 141R,“Business Combinations”
(“SFAS 141R”), which replaces FASB SFAS 141,“Business
Combinations”.  This Statement retains the fundamental
requirements in SFAS 141 that the acquisition method of accounting be used for
all business combinations and for an acquirer to be identified for each business
combination. SFAS 141R defines the acquirer as the entity that obtains control
of one or more businesses in the business combination and establishes the
acquisition date as the date that the acquirer achieves control.  SFAS
141R will require an entity to record separately from the business combination
the direct costs, where previously these costs were included in the total
allocated cost of the acquisition.  SFAS 141R will require an entity
to recognize the assets acquired, liabilities assumed, and any non-controlling
interest in the acquired at the acquisition date, at their fair values as of
that date.  This compares to the cost allocation method previously
required by SFAS No. 141.  SFAS 141R will require an entity to
recognize as an asset or liability at fair value for certain contingencies,
either contractual or non-contractual, if certain criteria are
met.  Finally, SFAS 141R will require an entity to recognize
contingent consideration at the date of acquisition, based on the fair value at
that date.  This Statement will be effective for business combinations
completed on or after the first annual reporting period beginning on or after
December 15, 2008.  Early adoption of this standard is not permitted
and the standards are to be applied prospectively only.  Upon adoption
of this standard, there would be no impact to the Company’s results of
operations and financial condition for acquisitions previously
completed.  The adoption of SFAS No. 141R is not expected to have a
material effect on its financial position, results of operations or cash
flows.
 -8-
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Notes to Financial
      StatementsSeptember 30,
      2008
                  (Unaudited)
 In March
2008, the FASB issued SFAS No. 161 “Disclosures about Derivative
Instruments and Hedging Activities—An Amendment of FASB Statement
No. 133.” (“SFAS 161”). SFAS 161 establishes the disclosure
requirements for derivative instruments and for hedging activities with the
intent to provide financial statement users with an enhanced understanding of
the entity’s use of derivative instruments, the accounting of derivative
instruments and related hedged items under Statement 133 and its related
interpretations, and the effects of these instruments on the entity’s financial
position, financial performance, and cash flows. This statement is
effective for financial statements issued for fiscal years beginning after
November 15, 2008. We do not expect its adoption will have a material
impact on our financial position, results of operations or cash
flows.
 
 In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles” (SFAS 162”).  SFAS 162 identifies the sources of
accounting principles and the framework for selecting principles to be used in
the preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles in the
United States.  This statement is effective 60 days following the SEC’s
approval of the Public Company Accounting Oversight Board’s amendments to AU
section 411, The Meaning of Present Fairly in Conformity with Generally Accepted
Accounting Principles.  The Company is currently evaluating the impact of
SFAS 162, but does not expect the adoption of this pronouncement will have a
material impact on its financial position, results of operations or cash
flows.
 
 Other
accounting standards that have been issued or proposed by the FASB or other
standards-setting bodies that do not require adoption until a future date and
are not expected to have a material impact on the financial statements upon
adoption.
 
 Note 3 Related Party
Transactions
 
 The
Company has a $27,594 note payable to related parties.  The note is
non-interest bearing with no set repayment date.
  Note 4 Going
Concern
 
 As
reflected in the accompanying condensed financial statements, the Company has a
net loss of $18,387 and net cash used in operations of $2,480 for the nine
months ended September 30, 2008; and a working capital deficit of $27,424, a
deficit accumulated during the development stage of $33,603 and a stockholders’
deficit of $27,424 at September 30, 2008.  In addition, the Company is
in the development stage and has not yet generated any revenues. The ability of
the Company to continue as a going concern is dependent on Management's plans,
which include potential asset acquisitions, mergers or business combinations
with other entities, further implementation of its business plan and continuing
to raise funds through debt or equity raises.The accompanying financial
statements have been prepared on a going concern basis, which contemplates the
realization of assets and the satisfaction of liabilities in the normal course
of business.  These condensed financial statements do not include any
adjustments relating to the recovery of the recorded assets or the
classification of the liabilities that might be necessary should the Company be
unable to continue as a going concern.
 
 Note 5 Stockholders’
Equity
 
 (A) Common
Stock Issuance for Cash
 
 (1)  Year
ended December 31, 2006
 
 On
December 22, 2006, the Company issued 2,000,000 shares of common stock, par
value $.001 per share, to its founding shareholders in exchange for $2,000 in
cash.
 -9-
 Corporate Equity Investments,
      Inc.(A Development Stage
      Company)Notes to Financial
      StatementsSeptember 30,
      2008
                  (Unaudited)
 (2)  Year
ended December 31, 2007
 
 On July
31, 2007, the Company issued 2,000,000 shares of common stock, par value $.001
per share, to an individual in exchange for $2,000 in cash.
  (3)
Period ended September 30, 2008
 
 On
February 22, 2008, the Company issued 60,000 shares of common stock, par value
$.001 per share, in exchange for $1,500 in cash.
 
 (B) Contributed
Capital – Related Party
 
 (1)  Year
ended December 31, 2006
 
 During
2006, a related party of the Company’s president paid $70 for certain general
and administrative expenses on behalf of the Company.
 
 (2)  Year
ended December 31, 2007
 
 During
2007, a related party of the Company’s President contributed professional
services to the Company aggregating $400.  The value of services was
based upon the fair value of the services provided.
 
 During
2007, a related party of the Company’s President paid $210 for certain general
and administrative expenses on behalf of the Company.




-10-


Item 2.
Management’s Discussion and Analysis of FinancialCondition and
Results of Operations.


CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS




The
information presented in Item 2 contains forward-looking statements. You should
understand that forward-looking statements are only predictions reflecting our
current beliefs and are based on information currently available to us. Although
we believe that the assumptions reflected in our forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements.




You can
identify a forward-looking statement by our use of a word such as “may”, “will”,
“should”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”,
“plan”, “predict”, “project”, “propose”, “potential” “continue” and similar
terms and expressions, or the negative of these words or other variations on
these words or comparable terminology.




In
evaluating a forward-looking statement, you should understand that a forward
looking statement involves known and unknown risks, uncertainties,
contingencies, and other factors that may cause our actual results, levels of
activity, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statement. Known risks related to an investment in our Company,
risks related to our business, and risks related to our securities are
identified in our Form 10-SB12G as amended and are incorporated herein by
reference. You should also understand that we have no obligation and do not
undertake to update or revise forward-looking statements made in this Report to
reflect events or circumstances occurring after the date of this
Report.




Background




Corporate
Equity Investments, Inc. (the "Company", "our", "us" or "we") was incorporated
under the laws of the State of Florida on December 22, 2006. We have been in the
developmental stage since inception and have conducted virtually no business
operations, other than organizational and administrative activities.  We
have no full-time employees and own no real estate or personal property. 
We were formed as a vehicle to pursue a business combination but have
not entered into a letter of intent concerning any target
business. Our business purpose is to seek the acquisition of, or merger
with, an existing company. We have been seeking a suitable acquisition or merger
candidate since November 21, 2007, the day after our Form 10-SB12G registration
statement, as amended, went effective.




Our
discussion of the proposed business under this caption and throughout this Form
10-Q is purposefully general and is not meant to restrict our virtually
unlimited discretion to search for and enter into potential business
opportunities.




Description
of Business




Based on
our business activities, we are a "blank check" company. The U.S. Securities and
Exchange Commission (the "SEC") defines such companies as "any development stage
company that is issuing a penny stock, within the meaning of Section 3 (a)(51)
of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") and
that has no specific business plan or purpose, or has indicated that its
business plan is to merge with an unidentified company or companies." Under SEC
Rule 12b-2 under the Securities Act of 1933, as amended (the "Securities Act"),
we also qualify as a "shell company," because we have no or nominal assets
(other than cash) and no or nominal operations. Many states have enacted
statutes, rules and regulations limiting the sale of securities of "blank check"
companies in their respective jurisdictions. No trading market currently exists
for our securities, and Management does not intend to undertake any efforts to
cause a market to develop in our securities, either debt or equity, or to
register any securities under the Securities Act or state blue sky laws or the
regulations thereunder until we have successfully concluded a business
combination. We intend to comply with the periodic reporting requirements of the
Exchange Act for so long as we are subject to those requirements.


-11-








We were
organized as a vehicle to investigate and, if such investigation warrants,
acquire a target company or business seeking the perceived advantages of being a
publicly held corporation.  Our principal business objective for the
next 12 months and beyond such time will be to achieve long-term growth
potential through a combination with a business rather than immediate,
short-term earnings. We will not restrict our potential candidate target
companies to any specific business, industry or geographical location and, thus,
may acquire any type of business.




We have
conducted no business operations to date and expect to conduct none in the
future, other than our efforts to effectuate a business combination. We,
therefore, can be characterized as a "shell" corporation. As a "shell"
corporation, we face risks inherent in the investigation, acquisition, or
involvement in a new business opportunity. Further, as a "development stage" or
"start-up" company, we face all of the unforeseen costs, expenses, problems, and
difficulties related to such companies, including whether we will continue to be
a going concern entity for the foreseeable future.




We may
consider a business which has recently commenced operations, is a developing
company in need of additional funds for expansion into new products or markets,
is seeking to develop a new product or service, or is an established business
which may be experiencing financial or operating difficulties and is in need of
additional capital. In the alternative, a business combination may involve the
acquisition of, or merger with, a company which does not need substantial
additional capital, but which desires to establish a public trading market for
its shares, while avoiding, among other things, the time delays, significant
expense, and loss of voting control which may occur in a public
offering.




We do not
currently engage in any business activities that provide cash flow. The costs of
investigating and analyzing business combinations for the next 12 months and
beyond such time will be paid with money in our treasury, if any, or with
additional money contributed by our stockholders, or another
source.




During
the next 12 months, we anticipate incurring costs related to filing of Exchange
Act reports and costs relating to consummating an acquisition. We believe we
will be able to meet these costs through use of funds in our treasury and
additional amounts, as necessary, to be loaned to or invested in us by our
stockholders, management or other investors.




Since the
effective date of our registration statement on Form 10-SB12G, as amended, we
have had preliminary contact or discussions with representatives of several
entities regarding a possible business combination with us. To date, we have not
entered into a term sheet with any entity.  Any target business that
is selected may be a financially unstable company or an entity in its early
stages of development or growth, including entities without established records
of sales or earnings. In that event, we will be subject to numerous risks
inherent in the business and operations of financially unstable and early stage
or potential emerging growth companies. In addition, we may effect a business
combination with an entity in an industry characterized by a high level of risk,
and, although our management will endeavor to evaluate the risks inherent in a
particular target business, there can be no assurance that we will properly
ascertain or assess all significant risks.




Our
management anticipates that it will likely be able to effect only one business
combination, due primarily to our limited financing, and the dilution of
interest for present and prospective stockholders, which is likely to occur as a
result of our management's plan to offer a controlling interest to a target
business in order to achieve a tax-free reorganization. This lack of
diversification should be considered a substantial risk in investing in us,
because it will not permit us to offset potential losses from one venture
against gains from another.




We
anticipate that the selection of a business combination will be complex and
extremely risky. Because of general economic conditions, rapid technological
advances being made in some industries and shortages of available capital, our
management believes that there are numerous firms seeking even the limited
additional capital that we will have and/or the perceived benefits of becoming a
publicly traded corporation. Such perceived benefits of becoming a publicly
traded corporation include, among other things, facilitating or improving the
terms on which additional equity financing may be obtained, providing liquidity
for the principals of and investors in a business, creating a means for
providing incentive stock options or similar benefits to key employees, and
offering greater flexibility in structuring acquisitions, joint ventures and the
like through the issuance of stock. Potentially available business combinations
may occur in many different industries and at various stages of development, all
of which will make the task of comparative investigation and analysis of such
business opportunities extremely difficult and complex.




-12-






The
Company may consider a business which has recently commenced operations, is a
developing company in need of additional funds for expansion into new products
or markets, is seeking to develop a new product or service, or is an established
business which may be experiencing financial or operating difficulties and is in
need of additional capital. In the alternative, a business combination may
involve the acquisition of, or merger with, a company which does not need
substantial additional capital, but which desires to establish a public trading
market for its shares, while avoiding, among other things, the time delays,
significant expense, and loss of voting control which may occur in a public
offering.




Liquidity
and Capital Resources




As of
September 30, 2008, the Company had assets equal to $170 comprised exclusively
of cash and cash equivalents. This compares with assets of $1,400, comprised
exclusively of cash and cash equivalents, as of December 31, 2007. The Company’s
current liabilities as of September 30, 2008 totaled $27,594, comprised of
accounts payable and related party loans. This compares to the Company’s current
liabilities as of December 31, 2007 of $11,937. The Company can provide no
assurance that it can continue to satisfy its cash requirements for at least the
next twelve months.




The
following is a summary of the Company's cash flows provided by (used in)
operating, investing, and financing activities:


Cumulative 
      Period From December 22, 2006 (Inception)  to
      September 30,  2008Nine months Ended
              September
      30,2008
            
            
            2007Net
      cash used in operating activities
            
            $
            (2,480)
            
            
            $
            (3,825)
            
            
            $
            (5,330)Net
      cash used in investing activities
            
            
            0
            
            
            
            0
            
            
            
            0Net
      cash provided by financing activities
            
            
            1,500
            
            
            
            2,000
            
            
            
            5,500Net
      effect on cash
            
            
            (980)
            
            
            
            (1,825)
            
            
            
            170





The
Company has nominal assets and has generated no revenues since inception. The
Company is also dependent upon the receipt of capital investments or other
financing to fund its ongoing operations and to execute its business plan of
seeking a combination with a private operating company. Recurring expenses,
which include accounting, auditing, legal, and administrative expenses, have
averaged $1,600 per month since December 22, 2006, are expected to continue
for until such time as we execute our business plan to acquire or merge with a
private operating company.  In addition, the Company is dependent upon
its largest shareholders and new investors to provide continued funding and
capital resources. If continued funding and capital resources are unavailable at
reasonable terms, the Company may not be able to implement its plan of
operations.





Results
of Operations





The
Company has not conducted any active operations since inception, except for its
efforts to locate suitable acquisition candidates. No revenue has been
generated by the Company from December 22, 2006 (Inception) to September 30,
2008. It is unlikely the Company will have any revenues unless it is able to
effect an acquisition or merger with an operating company, of which there can be
no assurance. It is management's assertion that these circumstances may hinder
the Company's ability to continue as a going concern.  The Company’s plan
of operation for the next twelve months shall be to continue its efforts to
locate suitable acquisition candidates.


-13-


For the
nine months ending September 30, 2008, the Company had a net loss of
approximately $18,387 consisting of legal, accounting, audit and other
professional service fees incurred in relation to the filing on March 12, 2008
of the Company’s annual report on Form 10-KSB for the fiscal year ended December
31, 2007 and the filing of the Company’s quarterly reports. This compares with a
net loss of approximately $10,501 for the nine months ending September 30, 2007
comprised mostly of legal, accounting, audit and other professional service fees
of $445 incurred in relation to the filing of the Company’s registration
statement on Form 10-SB12G filed in September 2007 and its one
amendment.




For the
period from December 22, 2006 (Inception) to September 30, 2008, the Company had
a net loss of $33,603, comprised mostly of legal, accounting, audit and
other professional service fees incurred in relation to the filing of the
Company’s registration statement on Form 10-SB12G in September 2007 and its
one amendment and the filing of the Company’s annual report on Form 10-KSB and
the filing of quarterly reports.




Off-Balance
Sheet Arrangements




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 is
material to investors.




Contractual
Obligations




As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.




Item
3. Quantitative and Qualitative DisclosuresAbout Market
Risk.




As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide information required by this Item.




Item
4T. Controls.




The
Company’s disclosure controls and procedures are designed to ensure that
information required to be disclosed in reports that it files or submits under
the Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the rules and forms of the SEC. Our sole officer and
director has reviewed the effectiveness of the Company’s disclosure controls and
procedures and has concluded that the disclosure controls and procedures, as of
September 30, 2008, are effective in timely alerting her to material information
relating to the Company that is required to be included in its periodic filings
with the Commission.




In
connection with its evaluation during the quarterly period ended September 30,
2008, the Company has made no change in the Company’s internal controls over
financial reporting that has materially affected or is reasonably likely to
materially affect the Company’s internal controls over financial reporting.
There also were no significant deficiencies or material weaknesses identified
for which corrective action needed to be taken.






-14-






PART
II OTHER INFORMATION




Item
6. Exhibits




(a) Exhibits





Description





31.1
            13a-14(a)-15d-14(a) Certification – Luz M.
      Weigel31.2
            13a-14(a)-15d-14(a) Certification - Luz M.
      Weigel32.1
            18 U.S.C. § 1350 Certification - Luz M.
      Weigel32.2
            18 U.S.C. § 1350 Certification - Luz M.
      Weigel









-15-




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.





CORPORATE
      EQUITY INVESTMENTS, INC.Date: October
      23, 2008
            By:
            /s/ Luz
      M. WeigelLuz
      M. WeigelPresident,
      Secretary and Treasurer
              (Principal
      Accounting Officer and Authorized
Officer)









-16-