UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C.  20549





FORM
10-Q/A


(Amendment
No. 1)





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





For
the quarterly period ended September 30,
2008





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





Commission
file number 333-150954





GLOBAL RISK MANAGEMENT
&


INVESTIGATIVE
SOLUTIONS


(Exact
name of registrant as specified in its charter)





Nevada
            26-0674103(State
      or other jurisdiction of
              incorporation
      or organization)
            (I.R.S.
      Employer
              Identification
      No.)





3950
East Patrick Lane


Suite
101


Las
Vegas, Nevada 89120


(Address
of principal executive offices)





(702)
798-0200


(Registrant’s
telephone number, including area code)





Copies of Communications to:


Stoecklein
Law Group


Emerald
Plaza


402 West
Broadway


Suite
690


San
Diego, CA 92101


(619)
704-1310


Fax (619)
704-0556





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


Yes x    No
 ̈





Indicate
by check mark whether the registrant is a large 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   ̈
            Accelerated
      filer   ̈Non-accelerated
      filer   ̈ (Do not check if
      a smaller reporting company)
            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
 ̈





The
number of shares of Common Stock, $0.001 par value, outstanding on November 4,
2008, was 4,284,110 shares.








**EXPLANATORY
NOTE - The Registrant is amending this Form 10-Q to indicate it is a shell
company.  No changes were made to the financial statements or other
disclosures in the Form 10-Q for the quarter ended September 30,
2008.





PART I –
FINANCIAL INFORMATION





Item 1.
Financial Statements.





Global
      Risk Management & Investigative Solutions(a
      Development Stage Company)Condensed
      Balance SheetsSeptember
      30,
            
            
            December
      31,2008
            
            
            2007Assets
            
            (Unaudited)Current
      assets:Cash
            
            $
            140,303
            
            
            $
            135,002Accounts
      receivable
            
            
            1,779
            
            
            
            3,960Total
      current assets
            
            
            142,082
            
            
            
            138,962Total
      assets
            
            $
            142,082
            
            
            $
            138,962Liabilities
      and Stockholders' EquityCurrent
      liabilities:Accounts
      payable
            
            $
            50,214
            
            
            $
            4,122Accrued
      expenses
            
            
            136
            
            
            
            -Customer
      deposits
            
            
            63,999
            
            
            
            -Total
      current liabilities
            
            
            114,349
            
            
            
            4,122Stockholders'
      equity:Preferred
      stock, $0.001 par value, 10,000,000 sharesauthorized,
      no shares issued or outstanding
            
            
            -
            
            
            
            -Common
      stock, $0.001 par value, 100,000,000 shares authorized,4,284,110
      and 4,040,000 shares issued and outstandingat
      September 30, 2008 and December 31, 2007, respectively
            
            
            4,284
            
            
            
            4,040Additional
      paid in capital
            
            
            226,744
            
            
            
            165,960(Deficit)
      accumulated during development stage
            
            
            (203,295
            )
            
            
            (35,160
            )Total
      stockholders' equity
            
            
            27,733
            
            
            
            134,840Total
      liabilities and stockholders' equity
            
            $
            142,082
            
            
            $
            138,962








The
accompanying notes are an integral part of these condensed financial
statements.








Global
      Risk Management & Investigative Solutions(a
      Development Stage Company)Condensed
      Statements of OperationsUnauditedMay
      2, 2007
            
            
            May
      2, 2007Three
      Months Ended
            
            
            Three
      Months Ended
            
            
            Nine
      Months Ended
            
            
            (Inception)
      to
            
            
            (Inception)
      toSeptember
      30,
            
            
            September
      30,
            
            
            September
      30,
            
            
            September
      30,
            
            
            September
      30,2008
            
            
            2007
            
            
            2008
            
            
            2007
            
            
            2008Revenue
            
            $
            44,026
            
            
            $
            -
            
            
            $
            55,720
            
            
            $
            -
            
            
            $
            60,055Expenses:Direct
      costs
            
            
            42,932
            
            
            
            -
            
            
            
            46,263
            
            
            
            -
            
            
            
            47,054Direct
      costs - related party
            
            
            -
            
            
            
            -
            
            
            
            4,930
            
            
            
            -
            
            
            
            8,940General
      and administrative expenses
            
            
            1,691
            
            
            
            3,936
            
            
            
            3,987
            
            
            
            3,936
            
            
            
            4,989Professional
      fees
            
            
            58,253
            
            
            
            -
            
            
            
            163,278
            
            
            
            -
            
            
            
            178,278Promotional
      and marketing
            
            
            -
            
            
            
            -
            
            
            
            5,366
            
            
            
            -
            
            
            
            24,057Total
      expenses
            
            
            102,876
            
            
            
            3,936
            
            
            
            223,824
            
            
            
            3,936
            
            
            
            263,318Net
      operating (loss)
            
            
            (58,850
            )
            
            
            (3,936
            )
            
            
            (168,104
            )
            
            
            (3,936
            )
            
            
            (203,263
            )Other
      income (expense):Interest
      expense
            
            
            -
            
            
            
            -
            
            
            
            (32
            )
            
            
            -
            
            
            
            (32
            )Total
      other (expense)
            
            
            -
            
            
            
            -
            
            
            
            (32
            )
            
            
            -
            
            
            
            (32
            )Net
      (loss)
            
            $
            (58,850
            )
            
            $
            (3,936
            )
            
            $
            (168,136
            )
            
            $
            (3,936
            )
            
            $
            (203,295
            )Weighted
      average number of common sharesoutstanding
      - basic and fully diluted
            
            
            4,195,141
            
            
            
            1,750,000
            
            
            
            4,145,565
            
            
            
            1,066,225Net
      (loss) per share - basic and fully diluted
            
            $
            (0.01
            )
            
            $
            (0.00
            )
            
            $
            (0.04
            )
            
            $
            (0.00
            )








The
accompanying notes are an integral part of these condensed financial
statements.











Global
      Risk Management & Investigative Solutions(a
      Development Stage Company)Condensed
      Statements of Cash FlowsUnauditedNine
      Months Ended
            
            
            May
      2, 2007 (Inception)
            
            
            May
      2, 2007 (Inception)September
      30,
            
            
            to
      September 30,
            
            
            to
      September 30,2008
            
            
            2007
            
            
            2008Cash
      flows from operating activitiesNet
      (loss)
            
            $
            (168,136
            )
            
            $
            (3,936
            )
            
            $
            (203,295
            )Shares
      issued for services
            
            
            25,903
            
            
            
            -
            
            
            
            25,903Adjustments
      to reconcile net (loss) tonet
      cash used by operating activities:Accounts
      receivable
            
            
            2,181
            
            
            
            -
            
            
            
            (1,779
            )Accounts
      payable
            
            
            46,093
            
            
            
            -
            
            
            
            50,214Accrued
      expenses
            
            
            136
            
            
            
            -
            
            
            
            136Customer
      deposits
            
            
            63,999
            
            
            
            -
            
            
            
            63,999Net
      cash used by operating activities
            
            
            (29,824
            )
            
            
            (3,936
            )
            
            
            (64,822
            )Cash
      flows from financing activitiesIssuance
      of common stock
            
            
            35,125
            
            
            
            34,975
            
            
            
            205,125Net
      cash provided by financing activities
            
            
            35,125
            
            
            
            34,975
            
            
            
            205,125Net
      increase (decrease) in cash
            
            
            5,301
            
            
            
            31,039
            
            
            
            140,303Cash,
      beginning
            
            
            135,002
            
            
            
            -
            
            
            
            -Cash,
      ending
            
            $
            140,303
            
            
            $
            31,039
            
            
            $
            140,303Supplemental
      disclosures:Interest
      paid
            
            $
            32
            
            
            $
            -
            
            
            $
            32Income
      taxes paid
            
            $
            -
            
            
            $
            -
            
            
            $
            -Non-cash
      disclosures:Shares
      issued for services
            
            $
            25,903
            
            
            $
            -
            
            
            $
            25,903








The
accompanying notes are an integral part of these condensed financial
statements.








Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Note 1 – Basis of
presentation





The
interim financial statements included herein, presented in accordance with
United States generally accepted accounting principles and stated in US dollars,
have been prepared by the Company, without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or
omitted pursuant to such rules and regulations, although the Company believes
that the disclosures are adequate to make the information presented not
misleading.





These
statements reflect all adjustments, consisting of normal recurring adjustments,
which, in the opinion of management, are necessary for fair presentation of the
information contained therein. It is suggested that these interim financial
statements be read in conjunction with the financial statements of the Company
for the period from May 2, 2007 (inception) through December 31, 2007 and notes
thereto included in form S-1/A as filed on June 13, 2008 with the Securities
Exchange Commission. The Company follows the same accounting policies in the
preparation of interim reports.





Results
of operations for the interim periods are not indicative of annual
results.





Note 2 – Summary of
accounting policies





As of
January 1, 2008 we adopted SFAS No. 159, “The Fair Value Option for
Financial Assets and Financial Liabilities” (“SFAS No. 159”). SFAS
No. 159 allows the company to choose to measure many financial assets and
financial liabilities at fair value. Unrealized gains and losses on items for
which the fair value option has been elected are reported in earnings. The
adoption of SFAS 159 has not had a material impact on our financial position,
results of operation or cash flows.





As of
January 1, 2008 we adopted SFAS No. 157, “Fair Value Measurements” (“SFAS
No. 157”). SFAS No. 157 defines fair value and provides guidance for
measuring and disclosing fair value. The adoption of SFAS 157 has not had a
material impact on our financial position, results of operation or cash
flows.





Reclassifications


Certain
reclassifications have been made to the prior years’ financial statements to
conform to the current year presentation. These reclassifications had no effect
on previously reported results of operations or retained earnings.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Note 3 – Going
concern





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. The Company has incurred net losses of
approximately $203,295 for the period of May 2, 2007 (inception) through
September 30, 2008.





These
conditions give rise to doubt about the Company’s ability to continue as a going
concern. These financial statements do not include adjustments relating to the
recoverability and classification of reported asset amounts or the amount and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern. The Company’s continuation as a going
concern is dependent upon its ability to obtain additional financing or sale of
its common stock as may be required and ultimately to attain
profitability.





Note 4 – Customer
deposits





On August
1, 2008, we agreed to provide international investigative consulting services to
a business organization in exchange for a monthly fee of $20,833. As of
September 30, 2008, we have received a total of $63,999 in excess of current
billings which has been recorded as a customer deposit at September 30,
2008.





Note 5 – Related party
transactions





During
the nine months ended September 30, 2008, we incurred investigative fees to a
founder, Global Intelligence Network, LLC, totaling approximately $4,930. As of
September 30, 2008, all fees were paid in full.





Note6 – Stockholders’
equity





We are
authorized to issue 10,000,000 shares of $0.001 par value preferred stock and
100,000,000 shares of $0.001 par value common stock.





In August
2007, we issued 3,500,000 founders shares for cash in the amount of
$35,000.





In
November 2007, we issued 440,000 shares of our common stock pursuant to
subscription agreements for cash totaling $110,000.





In
December 2007, we issued 100,000 shares of our common stock pursuant to
subscription agreements for cash totaling $25,000.





In March
2008, we issued 140,500 shares of our common stock pursuant to subscription
agreements for cash totaling $35,125.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


In
September 2008, we issued 103,610 shares of our common stock for legal services
performed in connection with our regulatory filings. We have recorded an expense
of professional fees in the amount of $25,903, the fair value of the shares
issued.





Note 7 – Subsequent
events





On
October 10, 2008, we entered into an Employment Agreement with our Chief
Executive Officer, Mr. Kyle Edwards. The agreement is for a term of one year
commencing on October 10, 2008 and expiring October 10, 2009 with options to
renew for two additional one year terms. Pursuant to the agreement, Mr. Edwards
will receive annual compensation in the amount of $125,000 during his initial
term with an increase to $135,000 annually upon the first renewal and $175,000
for the second. Further, Mr. Edwards will be eligible to participate in Stock
Option Plans of the Company and will be entitled to receive periodic bonuses
through the achievement of board directed milestones.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


FORWARD-LOOKING
STATEMENTS





This
document contains forward-looking statements. All statements other than
statements of historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including, but not limited to, any
projections of earnings, revenue or other financial items; any statements of the
plans, strategies and objections of management for future operations; any
statements concerning proposed new services or developments; any statements
regarding future economic conditions or performance; any statements or belief;
and any statements of assumptions underlying any of the foregoing.





Forward-looking
statements may include the words “may,” “could,” “estimate,” “intend,”
“continue,” “believe,” “expect” or “anticipate” or other similar
words.  These forward-looking statements present our estimates and
assumptions only as of the date of this report.  Except for our
ongoing securities laws, we do not intend, and undertake no obligation, to
update any forward-looking statement. Additionally, the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 most likely do not apply
to our forward-looking statements as a result of being a penny stock issuer. You
should, however, consult further disclosures we make in future filings of our
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K.





Although
we believe the expectations reflected in any of our forward-looking statements
are reasonable, actual results could differ materially from those projected or
assumed in any of our forward-looking statements.  Our future
financial condition and results of operations, as well as any forward-looking
statements, are subject to change and inherent risks and
uncertainties.  The factors impacting these risks and uncertainties
include, but are not limited to:





o
            our
      ability to diversify our
operations;


o
            our
      ability to implement our business plan of providing a single source for
      risk management and security
solutions;


o
            inability
      to raise additional financing for working
  capital;


o
            the
      fact that our accounting policies and methods are fundamental to how we
      report our financial condition and results of operations, and they may
      require management to make estimates about matters that are inherently
      uncertain;


o
            our
      ability to attract key personnel;


o
            our
      ability to operate profitably;


o
            deterioration
      in general or regional economic
conditions;


o
            changes
      in U.S. GAAP or in the legal, regulatory and legislative environments in
      the markets in which we operate;


o
            adverse
      state or federal legislation or regulation that increases the costs of
      compliance, or adverse findings by a regulator with respect to existing
      operations;


o
            inability
      to achieve future sales levels or other operating
  results;


o
            the
      inability of management to effectively implement our strategies and
      business plans;


o
            the
      unavailability of funds for capital expenditures;
  and


o
            other
      risks and uncertainties detailed in this
report.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


For a
detailed description of these and other factors that could cause actual results
to differ materially from those expressed in any forward-looking statement,
please see Item 1A. Risk Factors in this document.





Item
2. Plan of Operation.





References in the following discussion
and throughout this quarterly report to “we”, “our”, “us”, “Global”, “the
Company”, and similar terms refer to Global Risk Management & Investigative
Solutions unless otherwise expressly stated or the context otherwise
requires.





OVERVIEW
AND OUTLOOK





Global is
a development stage company incorporated in the State of Nevada in May of 2007.
We were formed to provide investigative, technical IT, background, document
verification, and data banks of security information to a wide range of
clients.





On
November 15, 2007, we entered into a Strategic Alliance Agreement with Global
Intelligence Network, a Nevada corporation, Attorney's Process &
Investigation Services, Inc., a Wisconsin corporation, Griffin Investigations, a
Nevada corporation, AmericanChecked, Inc., a Oklahoma corporation, GGS-US Ltd.,
a Nevada corporation, International Investigative Solutions, a Nevada
corporation and AP-ID Incorporated, a Nevada corporation (hereinafter referred
to individually as "Member" and collectively as "Members"), whereas the Members
and Global agreed to market and perform certain complementary business
consulting services.





As a
result of the Strategic Alliance Agreement we have become a one source risk
management and security solution for multiple industries.





In
September of 2008, Mr. Steve Toneguzzo, a director of the Company and President
of GGS-US Ltd., a Member pursuant to the Strategic Alliance Agreement, resigned
his position as a director of the Company and requested to be terminated from
the Strategic Alliance Agreement. As a result of Mr. Toneguzzo’s resignation the
Company and the Members entered into an addendum to the Strategic Alliance
Agreement to replace GGS-US Ltd. as a member with Spriggs Inc., a private
investigations and security firm specializing in high end retail and executive
protection. Spriggs Inc., is licensed in multiple states with international
capabilities.





Additionally,
in October 2008 the board of directors appointed Michael Spriggs, President of
Spriggs Inc. to serve on the Company’s board of directors.





Since our
inception on May 2, 2007 through September 30, 2008, we have generated $60,055
in revenues and have incurred a net loss of $203,295.  For the three
months ended September 30, 2008, we generated $44,026 in revenues and incurred a
net loss of $58,850.





On August 1, 2008, we agreed to provide
international investigative consulting services to a business organization in
exchange for a monthly fee of $20,833. As of September 30, 2008, we have
received a total of $63,999 in excess of current billings.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Operation
Plan





During
the next twelve months we plan to continue to focus our efforts on marketing our
risk management and security services.  In June 2008 we filed an S-1
registration statement to raise capital, and with the proceeds we expect to
raise, we believe will allow us to grow, although, of course, we cannot provide
any assurance that we will be able to grow as we currently
anticipate.





Satisfaction
of our cash obligations for the next 12 months.





As of
December 31, 2007 and September 30, 2008, our cash balance was $135,002 and
$140,303, respectively. Our plan for satisfying our cash requirements for the
next twelve months is through the funds from our offering, third party
financing, and/or traditional bank financing. We anticipate sales-generated
income during that same period of time, but do not anticipate generating
sufficient amounts of revenues to meet our working capital requirements.
Consequently, we intend to make appropriate plans to insure sources of
additional capital in the future to fund growth and expansion through additional
equity or debt financing or credit facilities.




Since
inception, we have financed cash flow requirements through the issuance of
common stock for cash and services. As we continue to expand operational
activities, we may continue to experience net negative cash flows from
operations, pending receipt of revenues from our services, and will be required
to obtain additional financing to fund operations through common stock offerings
and debt borrowings, giving consideration to loans and working diligently to
move sales ahead to the extent necessary to provide working
capital.




We
anticipate incurring operating losses over the majority of the next twelve
months. Our lack of operating history makes predictions of future operating
results difficult to ascertain. Our prospects must be considered in light of the
risks, expenses and difficulties frequently encountered by companies in their
early stage of development. Such risks include, but are not limited to, an
evolving and unpredictable business model and the management of growth. To
address these risks we must, among other things, implement and successfully
execute our business and marketing strategy, continue to develop and upgrade
technology and products, respond to competitive developments, and continue to
attract, retain and motivate qualified personnel. There can be no assurance that
we will be successful in addressing such risks, and the failure to do so can
have a material adverse effect on our business prospects, financial condition
and results of operations.




As a
result of our cash requirements and our lack of revenues, we anticipate
continuing to issue stock in exchange for loans and/or equity financing, which
may have a substantial dilutive impact on our existing
stockholders.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Going
Concern




The
consolidated financial statements included in this filing have been prepared in
conformity with generally accepted accounting principles that contemplate the
continuance of Global as a going concern. Global may not have a sufficient
amount of cash required to pay all of the costs associated with operating and
marketing of its services. Management intends to use borrowings and security
sales to mitigate the effects of cash flow deficits, however no assurance can be
given that debt or equity financing, if and when required, will be available.
The financial statements do not include any adjustments relating to the
recoverability and classification of recorded assets and classification of
liabilities that might be necessary should Global be unable to continue
existence.





Summary
of product and research and development that we will perform for the term of our
plan.





We do not anticipate performing any
significant product research and development under our plan of operation. In
lieu of product research and development we anticipate maintaining control over
our advertising to assist us in determining the allocation of our limited
advertising dollars.





Expected
purchase or sale of plant and significant equipment.





We do not
anticipate the purchase or sale of any plant or significant equipment, as such
items are not required by us at this time or in the next 12 months.





Significant
changes in the number of employees.





We are a
development stage company and as of September 30, 2008, we did not have any
employees. In October 2008, we entered into an employment agreement with Kyle
Edwards, President and Chief Executive Officer of the Company. We look to our
officers and directors who collectively have a varied background in law
enforcement, security, internet security and technology, loss prevention,
background screening, private investigations, due diligence, customer service
evaluations, and regulatory compliance.  We do not anticipate hiring
employees over the next 12 months.  We intend to use the services of
consultants to perform various professional services.  We believe that
this use of third-party service providers may enhance our ability to contain
general and administrative expenses.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Employment
Agreement





Kyle Edwards. On October 10,
2008, we executed an employment agreement with our President and CEO, Kyle
Edwards, wherein Mr. Edwards agreed to serve as the Company’s Chief Operating
Officer to supervise and control all of the business and affairs of the Company.
The term of the agreement commenced on October 10, 2008 and shall continue until
October 10, 2009. The term of the agreement shall automatically be extended for
additional two (2) year renewal terms unless earlier terminated. We agreed to
compensate Mr. Edwards an initial base salary of $125,000. Upon the first
renewal, annual compensation shall increase to $135,000 and upon the third
renewal, annual compensation shall increase $175,000.





Liquidity
and Capital Resources





Cash will
be increasing primarily due to the receipt of funds from this offering to offset
our near term cash equivalents. Since inception, we have financed our cash flow
requirements through issuance of common stock. As we expand our activities, we
may, and most likely will, continue to experience net negative cash flows from
operations, pending receipt of listing or some form of advertising revenues.
Additionally we anticipate obtaining additional financing to fund operations
through common stock offerings, to the extent available, or to obtain additional
financing to the extent necessary to augment our working capital.





We
anticipate that we will incur operating losses in the next twelve months. Our
lack of operating history makes predictions of future operating results
difficult to ascertain. Our prospects must be considered in light of the risks,
expenses and difficulties frequently encountered by companies in their early
stage of development, particularly companies in new and rapidly evolving
markets. Such risks for us include, but are not limited to, an evolving and
unpredictable business model and the management of growth. To address these
risks, we must, among other things, obtain a customer base, implement and
successfully execute our business and marketing strategy, continually develop
and upgrade our website, provide national and regional industry participants
with an effective, efficient and accessible website on which to promote their
products and services through the Internet, respond to competitive developments,
and attract, retain and motivate qualified personnel. There can be no assurance
that we will be successful in addressing such risks, and the failure to do so
can have a material adverse effect on our business prospects, financial
condition and results of operations.





Off-Balance
Sheet Arrangements





We do not
have any off-balance sheet arrangements that have or are reasonably likely to
have a current or future effect on our financial condition, changes in financial
condition, revenues or expenses, results or operations, liquidity, capital
expenditures or capital resources that is material to investors.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Item
3. Quantitative and Qualitative Disclosures About Market Risk.





Global
does not expect to enter into financial instruments for trading or hedging
purposes. Global does not currently anticipate entering into interest rate swaps
and/or similar instruments.





Item
4T. Controls and Procedures.





Evaluation
of Disclosure Controls and Procedures





Our Chief
Executive Officer, Kyle Edwards and Principal Financial Officer, Peter Maheu,
have evaluated the effectiveness of our disclosure controls and procedures (as
defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended)
as of the end of the period covered by this Report.  Based on that
evaluation, Messrs. Edwards and Maheu concluded that our disclosure controls and
procedures are effective in timely alerting them to material information
relating to us (including our consolidated subsidiaries) required to be included
in our periodic SEC filings and in ensuring that information required to be
disclosed by us in the reports that we file or submit under the Act is
accumulated and communicated to our management, including our principal
executive and principal financial officer, or persons performing similar
functions, as appropriate to allow timely decisions regarding required
disclosure.





Changes
in Internal Control Over Financial Reporting





There
were no changes in our internal control over financial reporting that occurred
during our most recent fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.





PART
II – OTHER INFORMATION





Item
1. Legal Proceedings.





We are not a party to any material
legal proceedings.





Item
1A. Risk Factors.





We
are a development stage company organized in May 2007 and have recently
commenced operations, which makes an evaluation of us extremely difficult. At
this stage of our business operations, even with our good faith efforts, we may
never become profitable or generate any significant amount of revenues, thus
potential investors have a high probability of losing their investment. Our
auditor’s have substantial doubt about our ability to continue as a going
concern. Additionally, our auditor’s report reflects the fact that the ability
of the Company to continue as a going concern is dependent upon its ability to
obtain additional sources of capital or borrowings and, ultimately the
achievement of significant operating revenues. If we are unable to continue as a
going concern, you will lose your investment.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


We were
incorporated in May of 2007 as a Nevada corporation. As a result of our start-up
operations we have; (i) generated minimal revenues, (ii) accumulated deficits of
$35,160 as of December 31, 2007 and $203,295 as of September 30, 2008, and (iii)
we have incurred losses of $35,160 for the fiscal year ended December 31, 2007
and $58,850 for the three months ended September 30, 2008, and have been focused
on organizational and start-up activities, business plan development, and
website design since we incorporated. In addition, we have entered into a
Strategic Alliance Agreement with seven (7) other companies (the "Members") who
are independently in various risk management and security solutions businesses.
Although we have established a website there is nothing at this time on which to
base an assumption that our business operations will prove to be successful or
that we will ever be able to operate profitably. Our future operating results
will depend on many factors, including our ability to raise adequate working
capital, demand for our service, the level of our competition and our ability to
attract and maintain key management and employees. Additionally, our auditor’s
report reflects that the ability of Global Risk Management & Investigative
Solutions to continue as a going concern is dependent upon its ability to obtain
additional sources of capital or borrowings and, ultimately, the achievement of
significant operating revenues. If we are unable to continue as a going concern,
you will lose your investment. You should not invest in this offering unless you
can afford to lose your entire investment.





Competitive
conditions could materially adversely affect our business.





The markets in which we do, and intend
to do business are highly competitive with few barriers to entry. In most
service areas in which we operate, there is at least one competitor that is
significantly larger or more established than we are in the delivery of that
particular service. Most of our competitors have significantly larger financial
and other resources than we have and have long-established relationships with
their clients, which also are likely to be clients or prospective clients of
ours. In addition, large multinational security services providers have
indicated an interest in expanding their services to include value-added
services such as some of the risk mitigation services we provide.





We
are highly dependent on our officers and directors.





We rely heavily on our officers and
directors to provide services and for continued business development. It would
be difficult to replace any of our officers and directors at such an early stage
of development of Global. Global’s business could be materially adversely
affected if a number of our officers and directors were to leave and if Global
were unable to retain qualified replacements.





We
may need to raise additional capital, which may not be possible.





Although
we believe that the net proceeds of our offering will be sufficient to fund our
general working capital needs for not less than six months, there can be no
assurance that we will be able to generate sufficient funds from operations to
support ongoing operations after such period of time.  In the event
that we would need additional debt or equity financing to support operations,
there is no assurance that we would be able to raise such capital in an amount
sufficient to continue our operations after the proceeds of the offering have
been used.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


In the
event we require additional financing, we will seek such financing through bank
borrowing, debt or other equity financing, corporate partnerships or otherwise.
We cannot assure you that such financing would be available to the Company in
the amounts or at the times we may require the financing, or if we do obtain any
financing that it would be on terms that would allow us to achieve profitability
and to sustain our business. We do not presently have a credit line available
with any lending institution. Any additional equity financing may involve the
sale of additional shares of our common stock on terms that have not yet been
established. These terms may be more favorable to future investors than those
contained herein.





There
is no current public market for our common stock; therefore you may be unable to
sell your securities at any time, for any reason, and at any price, resulting in
a loss of your investment.





As of the
date of this filing, there is no public market for our common stock. Although we
have contacted an authorized OTC Bulletin Board market maker for sponsorship of
our securities on the Over-the-Counter Bulletin Board, there can be no assurance
that our attempts to do so will be successful. Furthermore, if our securities
are not quoted on the OTC Bulletin Board, or elsewhere, there can be no
assurance that a market will develop for the common stock or that a market in
the common stock will be maintained. As a result of the foregoing, investors may
be unable to liquidate their investment for any reason.





Because
our common stock is deemed a low-priced “Penny” stock, an investment in our
common stock should be considered high risk and subject to marketability
restrictions.





Since our
common stock is a penny stock, as defined in Rule 3a51-1 under the Securities
Exchange Act, it will be more difficult for investors to liquidate their
investment even if and when a market develops for the common stock. Until the
trading price of the common stock rises above $5.00 per share, if ever, trading
in the common stock is subject to the penny stock rules of the Securities
Exchange Act specified in rules 15g-1 through 15g-10. Those rules require
broker-dealers, before effecting transactions in any penny stock,
to:





·
            Deliver
      to the customer, and obtain a written receipt for, a disclosure
      document;


·
            Disclose
      certain price information about the
stock;


·
            Disclose
      the amount of compensation received by the broker-dealer or any associated
      person of the broker-dealer;


·
            Send
      monthly statements to customers with market and price information about
      the penny stock; and


·
            In
      some circumstances, approve the purchaser’s account under certain
      standards and deliver written statements to the customer with information
      specified in the rules.





Consequently, the penny stock rules may
restrict the ability or willingness of broker-dealers to sell the common stock
and may affect the ability of holders to sell their common stock in the
secondary market and the price at which such holders can sell any such
securities.These additional procedures could also limit our ability to
raise additional capital in the future.


Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


FINRA
sales practice requirements may also limit a stockholder's ability to buy and
sell our stock.





In
addition to the “penny stock” rules described above, the Financial Industry
Regulatory Authority (FINRA) has adopted rules that require that in recommending
an investment to a customer, a broker-dealer must have reasonable grounds for
believing that the investment is suitable for that customer. Prior to
recommending speculative low priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information
about the customer's financial status, tax status, investment objectives and
other information. Under interpretations of these rules, the FINRA believes that
there is a high probability that speculative low priced securities will not be
suitable for at least some customers. The FINRA requirements make it more
difficult for broker-dealers to recommend that their customers buy our common
stock, which may limit your ability to buy and sell our stock and have an
adverse effect on the market for our shares.





Our
internal controls may be inadequate, which could cause our financial reporting
to be unreliable and lead to misinformation being disseminated to the
public.





Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting. As defined in Exchange Act Rule 13a-15(f),
internal control over financial reporting is a process designed by, or under the
supervision of, the principal executive and principal financial officer and
effected by the board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles and includes those policies and
procedures that: (i) pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and dispositions of the
assets of the Company; (ii) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the Company are being made only in accordance with
authorizations of management and directors of the Company, and (iii) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of the Company's assets that could have a
material effect on the financial statements.





We have a
limited number of personnel that are required to perform various roles and
duties as well as be responsible for monitoring and ensuring compliance with our
internal control procedures. As a result, our internal controls may be
inadequate or ineffective, which could cause our financial reporting to be
unreliable and lead to misinformation being disseminated to the public.
Investors relying upon this misinformation may make an uninformed investment
decision.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


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





On September 18, 2008, we issued
103,610 shares of our restricted common stock to Stoecklein Law Group for
services rendered to the Company. We believe that the issuance of the shares
were exempt from the registration and prospectus delivery requirements of the
Securities Act of 1933 by virtue of Section 4(2). The recipient of the shares
was afforded an opportunity for effective access to files and records of the
Company that contained the relevant information needed to make its investment
decision, including the Company’s financial statements and 34 Act reports. We
reasonably believe that the recipient, immediately prior to issuing the shares,
had such knowledge and experience in our financial and business matters that the
recipient was capable of evaluating the merits and risks of its investment. The
recipient had the opportunity to speak with our president and directors on
several occasions prior to its investment decision.





Use
of Proceeds From Sales of Registered Securities





Our Registration Statement on Form S-1
(File No. 333-150954), related to our initial public offering, was declared
effective by the SEC on June 16, 2008.  A total of 1,000,000 new
shares of common stock were registered with the SEC with an aggregate offering
price of $500,000.  All of these shares were registered on our
behalf.  As of the date of this filing the Company has not sold any
shares under the registration statement.





Issuer
Purchases of Equity Securities





The Company did not repurchase any of
its equity securities during the quarter ended September 30, 2008.





Item
3.                      
Defaults Upon Senior Securities.





None.





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





We did not submit any matters to a vote
of our security holders during the third quarter of 2008.





Item
5.                      
Other Information.





None.





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


Item
6.                      
Exhibits.





Exhibits





Incorporated
      by referenceExhibit
              number
            
            Exhibit
      description
            
            Filed
              herewith
            
            Form
            
            Period
              ending
            
            Exhibit
      No.
            
            Filing
              date3(i)(a)
            
            Articles
      of Incorporation filed on May 2, 2007
            
            
            
            S-1
            
            
            
            3(i)(a)
            
            5/16/083(ii)(a)
            
            Bylaws
            
            
            
            S-1
            
            
            
            3(ii)(a)
            
            5/16/0831.1
            
            Certification
      of Kyle Edwards pursuant to Section 302 of the Sarbanes-Oxley
      Act
            
            X31.2
            
            Certification
      Peter Maheu pursuant to Section 302 of the Sarbanes-Oxley
    Act
            
            X32.1
            
            Certification
      Kyle Edwards pursuant to Section 906 of the Sarbanes-Oxley
    Act
            
            X32.2
            
            Certification
      Peter Maheu pursuant to Section 906 of the Sarbanes-Oxley
    Act
            
            X





Global
Risk Management & Investigative Solutions
 (a
Development Stage Company)
 Notes
to Condensed Financial Statements
 (Unaudited)


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.





Global
      Risk Management & Investigative Solutions(Registrant)December
      3, 2008
            By:
            /s/
      Kyle EdwardsDate
            
            Kyle
      Edwards, Chief Executive Officer & President(On
      behalf of the Registrant and as Principal Executive
    Officer)December
      3, 2008
            By:
            /s/
      Peter MaheuDate
            
            Peter
      Maheu, Chairman & Treasurer(On
      behalf of the Registrant and as Principal Financial
    Officer)