UNITED STATES
 SECURITIES AND EXCHANGE
    COMMISSION
 Washington, D.C. 20549
   FORM 10-QSB
   (Mark One)x

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended: May 31, 2008o

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period from
    
    to
    .    0-10093
   Golf Rounds.com, Inc.
  (Exact name of small business
    issuer as specified in its charter)
   Delaware

59-1224913(State or other jurisdiction of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)    111 Village Parkway, Building #2, Marietta, Georgia 30067
  (Address of principal executive
    offices) (Zip Code)
   770-951-0984
  (Issuers telephone number)
   N/A
  (Former name, former address and
    former fiscal year,
 if changed since last report)
     x o
      o x




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TABLE OF
    CONTENTS
  Item 1.


Financial StatementsCondensed Consolidated Balance Sheet as of May 31, 2008
    (Unaudited)


F-1Condensed Consolidated Statements of Operations for the Three
    Months Ended May 31, 2008 and 2007 (Unaudited)


F-2Condensed Consolidated Statements of Operations for the Nine
    Months Ended
      May 31, 2008 and 2007 (Unaudited)


F-3Condensed Consolidated Statements of Cash Flows for the Nine
    Months Ended
      May 31, 2008 and 2007 (Unaudited)


F-4Notes to Condensed Consolidated Financial Statements for the
    Periods Ended May 31,  2008 and 2007 (Unaudited)


F-5  F-6Item 2.


Managements Discussion and Analysis or Plan of Operation


2Item 3.


Controls and Procedures.


5Item 4.


Submission of Matters to Vote of Security Holders.


5Item 6.


Exhibits and Reports on
    Form 8-K


6  1




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ITEM 1.
    FINANCIAL
    STATEMENTS GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    CONDENSED CONSOLIDATED BALANCE SHEET

(Unaudited) May 31, 2008ASSETSCURRENT ASSETS:Cash and cash equivalents

$
2,143,162Prepaid expenses


35,250TOTAL CURRENT ASSETS


2,178,412TOTAL ASSETS

$
2,178,412LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIES:Accounts payable and accrued expenses

$
1,463TOTAL CURRENT LIABILITIES


1,463STOCKHOLDERS EQUITY:Common Stock, $.01 par value, 12,000,000 shares
    authorized, 3,447,377 issued and outstanding


34,473Additional paid-in capital


4,883,339Accumulated deficit


(2,740,863
)TOTAL STOCKHOLDERS EQUITY


2,176,949TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
2,178,412    F-1




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##### 



GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) For the Three MonthsEnded May 31,2008


2007EXPENSES:General, administrative and other

$
28,330


$
30,404TOTAL EXPENSES


28,330



30,404LOSS FROM OPERATIONS


(28,330
)


(30,404
)OTHER INCOME:Interest


10,144



27,801TOTAL OTHER INCOME


10,144



27,801NET LOSS

$
(18,186
)

$
(2,603
)NET LOSS PER COMMON SHARE  BASIC AND DILUTED

$
(0.01
)

$
0.00WEIGHTED AVERAGE NUMBER OF COMMON SHARES
    OUTSTANDING  BASIC AND DILUTED


3,447,377



3,447,377    F-2




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##### 



GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) For the Nine Months EndedMay 31,2008


2007EXPENSES:General, administrative and other

$
103,433


$
104,578TOTAL EXPENSES


103,433



104,578LOSS FROM OPERATIONS


(103,433
)


(104,578
)OTHER INCOME:Interest


47,532



81,839TOTAL OTHER INCOME


47,532



81,839NET LOSS

$
(55,901
)

$
(22,739
)NET LOSS PER COMMON SHARE  BASIC AND DILUTED

$
(0.02
)

$
(0.01
)WEIGHTED AVERAGE NUMBER OF COMMON SHARES
    OUTSTANDING  BASIC AND DILUTED


3,447,377



3,447,377    F-3




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##### 



GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) For the Nine Months EndedMay 31,2008


2007CASH FLOWS FROM OPERATING ACTIVITIES:Net loss

$
(55,901
)

$
(22,739
)Adjustments to reconcile net loss to net cash used in
    operating activities:Changes in operating assets and liabilities:Increase in prepaid expenses


(5,810
)


(2,233
)Increase (decrease) in accounts payable and accrued expenses


388



(2,688
)NET CASH USED IN OPERATING ACTIVITIES


(61,323
)


(27,660
)NET DECREASE IN CASH AND CASH EQUIVALENTS


(61,323
)


(27,660
)CASH AND CASH EQUIVALENTS  beginning


2,204,485



2,218,572CASH AND CASH EQUIVALENTS  ending

$
2,143,162


$
2,190,912    F-4




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##### 



GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)
    For the Periods Ended May 31, 2008 and 2007  NOTE 1 
    BASIS OF
    PRESENTATION  (A)
    Interim
    Financial Statements  Form 10-KSB
    (B)
    Principles
    of Consolidation    (C)
    Loss Per
    Share    (D)
    Use of
    Estimates    (E)
    Fair
    Value of Financial Instruments   F-5




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##### 



GOLF
    ROUNDS.COM, INC. AND SUBSIDIARY
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)
    For the Periods Ended May 31, 2008 and 2007
  (F)
    Recent
    Accounting Pronouncements     F-6




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##### 



ITEM 2.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OR PLAN OF OPERATION  Forward-looking
    statements
  Form 10-KSB
    OVERVIEW
  General
        Our
    Business Plan
     2




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##### 



Results
    of Operations
    Three
    months ended May 31, 2008 compared to three months ended
    May 31, 2007
        Nine
    months ended May 31, 2008 compared to nine months ended
    May 31, 2007
       3




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##### 



Liquidity
    and capital resources
  General
          Contractual
    obligations
  Form 10-KSB
  Recent
    Accounting Pronouncements
     4




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##### 



ITEM 3.
    CONTROLS
    AND PROCEDURES    ITEM 4.
    SUBMISSION
    OF MATTERS TO VOTE OF SECURITY HOLDERS.   5




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##### 



PART II
   OTHER
    INFORMATION
   ITEM 6.
    EXHIBITS AND
    REPORTS ON
    FORM 8-K        Form 8-K.
   6




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SIGNATURE
  Form 10-QSB
  GOLF ROUNDS.COM, INC.Dated: July 11, 2008

By:  /s/  Robert H. DonehewRobert H. DonehewPresident (Principal Executive Officer)and Treasurer (Principal Financial Officer)  7