UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                 For the quarterly period ended January 31, 2009

                                       OR

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

            For the transition period from ___________ to __________


                           NETVENTORY SOLUTIONS, INC.
               (Exact name of registrant as specified in charter)


          Nevada                      333-147323                 98-0573252
(State or other jurisdiction         (Commission               (IRS Employer
     of incorporation)               File Number)            Identification No.)

                       8TH Floor-200 South Virginia Street
                                 Reno, NV 89501
                    (Address of principal executive offices)

                                 (775) 562-0504
              (Registrant's Telephone Number, including Area Code)

Check whether the issuer (1) filed all reports required to be filed by section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirement for the past 90 days. Yes [X] No [ ]

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

As of March 17, 2009, 2,140,000 shares of the issuer's common stock, $0.001 par
value, were outstanding.

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

                                      INDEX


                                                                            Page
                                                                            ----
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements                                                   3

     Balance Sheets as of January 31, 2009 (unaudited) and
     July 31, 2008 (audited)                                                   3

     Statements of Operations for the three and six months
     ended  January 31, 2009 and the period from inception to
     January 31, 2009 (unaudited)                                              4

     Statement of Stockholders' Equity for the period from inception
     to January 31, 2009 (unaudited)                                           5

     Statements of Cash Flows for the six months ended January 31, 2009
     and the period from inception to January 31, 2009 (unaudited)             6

     Notes to Financial Statements                                             7

Item 2. Management's Discussion and Analysis or Plan of Operation             14

Item 3. Controls and Procedures                                               17

PART II - OTHER INFORMATION

Item 1. Legal Proceedings                                                     18

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds           18

Item 3. Defaults Upon Senior Securities                                       18

Item 4. Submission of Matters to a Vote of Security Holders                   18

Item 5. Other Information                                                     18

Item 6. Exhibits                                                              18

                                       2

                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Netventory Solutions Inc.
(A Development Stage Company)
Balance Sheets
As of January 31, 2009 and July 31, 2008



                                                                January 31,         July 31,
                                                                   2009               2008
                                                                 --------           --------
                                                                (unaudited)         (audited)
                                                                              
ASSET

Current assets:
  Cash                                                           $ 12,810           $ 40,763
                                                                 --------           --------

Total current assets                                               12,810             40,763
                                                                 --------           --------
Other assets:
  Website                                                           9,000                 --
                                                                 --------           --------

                                                                    9,000                 --
                                                                 --------           --------

Total Assets                                                     $ 21,810           $ 40,763
                                                                 ========           ========

LIABILITIES

Current liabiltiies
  Accounts payable and accrued liabilities                       $  1,400           $     --
  Due to stockholder                                                  950                950
                                                                 --------           --------

Total Liabilities                                                   2,350                950
                                                                 --------           --------
STOCKHOLDERS' EQUITY (NOTE 4)
  Common stock authorized -
   100,000,000 common shares with a par value of $0.001
  Common stock issued and outstanding -
   2,140,000 common shares                                          2,140              2,140
  Additional paid in capital                                       44,860             44,860
  Deficit accumulated during the development stage                (27,540)            (7,187)
                                                                 --------           --------

Total Stockholders' Equity                                         19,460             39,813
                                                                 --------           --------

Total Liabilities and Stockholders' Equity                       $ 21,810           $ 40,763
                                                                 ========           ========



    The accompanying notes are an integral part of these financial statements

                                       3

Netventory Solutions Inc.
(A Development Stage Company)
Statements of Operations (unaudited)
For the Three and Six Months ended January 31, 2009 and the period from
Inception (February 8, 2008) to January 31, 2009



                                                                                                  Period from
                                                                                                   Inception
                                                        Three Months          Six Months      (February 8, 2008) to
                                                         January 31,          January 31,          January 31,
                                                            2009                 2009                 2009
                                                         ----------           ----------           ----------
                                                                                          
Revenue                                                  $       --           $       --           $       --

Expenses:
  Professional                                                  350               14,171               20,470
  Filing fees                                                   333                5,923                5,923
  General and administrative                                     30                  259                1,147
                                                         ----------           ----------           ----------

Net (loss) before income taxes                                 (713)             (20,353)             (27,540)

Provision for income taxes                                       --                   --                   --
                                                         ----------           ----------           ----------

Net (loss)                                               $     (713)          $  (20,353)          $  (27,540)
                                                         ==========           ==========           ==========

Basic and diluted (loss) per common share                $    (0.01)          $    (0.01)
                                                         ==========           ==========

Weighted average number of common shares outstanding      2,140,000            2,140,000
                                                         ==========           ==========



    The accompanying notes are an integral part of these financial statements

                                       4

Netventory Solutions Inc.
(A Development Stage Company)
Statement of Stockholders' Equity (unaudited)
For the period from Inception (February 8, 2008) to January 31, 2009



                                                                                          Deficit
                                                                                        Accumulated
                                                     Common Shares        Additional      During
                                                  Issued                   Paid-in      Development       Total
                                                  Shares       Amount      Capital         Stage         Equity
                                                  ------       ------      -------         -----         ------
                                                                                         
Balance, February 8, 2008 (date of inception)          --      $   --      $    --       $     --       $     --

Shares issued to founder on Feb 8, 2008
 @ $0.01 per share                              1,500,000       1,500       13,500             --         15,000

Private placement at $0.05 per share on
 June 30, 2008                                    640,000         640       31,360             --         32,000

Net (loss)                                             --          --           --         (7,187)        (7,187)
                                                ---------      ------      -------       --------       --------

Balance, July 31, 2008                          2,140,000       2,140       44,860         (7,187)        39,813

Net (loss)                                             --          --           --        (20,353)       (20,353)
                                                ---------      ------      -------       --------       --------

Balance, January 31, 2009                       2,140,000      $2,140      $44,860       $(27,540)      $ 19,460
                                                =========      ======      =======       ========       ========


    The accompanying notes are an integral part of these financial statements

                                       5

Netventory Solutions Inc.
(A Development Stage Company)
Statements of Cash Flows (unaudited)
For the Six Months ended January 31, 2009 and the period from Inception
(February 8, 2008) to January 31, 2009



                                                                                   Period from
                                                                                    Inception
                                                               Six Months      (February 8, 2008) to
                                                               January 31,          January 31,
                                                                  2009                 2009
                                                                --------             --------
                                                                               
OPERATING ACTIVITIES
  Net (loss)                                                    $(20,353)            $(27,540)
  Increase in accounts payable and accrued liabilities             1,400                1,400
                                                                --------             --------

Cash used by operating activities                                (18,953)             (26,140)
                                                                --------             --------
FINANCING ACTIVITIES
  Increase in due to stockholder                                      --                  950
  Sale of stock                                                       --               47,000
                                                                --------             --------

Cash from financing activities                                        --               47,950
                                                                --------             --------
INVESTING ACTIVITIES
  Website development                                             (9,000)              (9,000)
                                                                --------             --------

Cash from financing activities                                    (9,000)              (9,000)
                                                                --------             --------

Increase (decrease) in cash                                      (27,953)              12,810

Cash, opening                                                     40,763                   --
                                                                --------             --------

Cash, closing                                                   $ 12,810             $ 12,810
                                                                ========             ========

Supplemental information:
  Interest paid                                                 $     --             $     --
                                                                --------             --------
  Taxes paid                                                    $     --             $     --
                                                                --------             --------



    The accompanying notes are an integral part of these financial statements

                                       6

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 1 - NATURE OF OPERATIONS

Netventory  Solutions Inc. ("the Company"),  incorporated in the state of Nevada
on February 8, 2008, has business activities in inventory management solutions.

The company has limited operations and in accordance with SFAS#7 is considered
to be in the development stage.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING BASIS

These  financial  statements  are prepared on the accrual basis of accounting in
conformity with accounting principles generally accepted in the United States of
America.

BASIS OF PRESENTATION

Certain  information  and  footnote  disclosures  normally  included  in  annual
financial  statements  prepared in accordance with generally accepted accounting
principles  have been condensed or omitted.  We believe that the disclosures are
adequate to make the  financial  information  presented  not  misleading.  These
condensed  financial  statements  should be read in conjunction with the audited
consolidated  financial statements and the notes thereto for the year ended July
31, 2008. All adjustments  were of a normal  recurring  nature unless  otherwise
disclosed.  In the opinion of management,  all adjustments  necessary for a fair
statement  of the  results  of  operations  for the  interim  period  have  been
included. The results of operations for such interim periods are not necessarily
indicative of the results for the full year.

FINANCIAL INSTRUMENTS

The Company's financial instruments consist of cash, accounts payable and due to
stockholder.  The  amount  due to  stockholder  is non  interest-bearing.  It is
management's  opinion that the Company is not exposed to  significant  interest,
currency or credit risks arising from its other  financial  instruments and that
their fair values  approximate  their  carrying  values except where  separately
disclosed.

USE OF ESTIMATES

The preparation of financial  statements in conformity  with generally  accepted
accounting principles of the United States 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 revenues and expenses  during the year.
The  more  significant  areas  requiring  the  use of  estimates  include  asset
impairment,  stock-based compensation, and future income tax amounts. Management
bases its estimates on historical experience and on other assumptions considered
to be reasonable  under the  circumstances.  However,  actual results may differ
from the estimates.

                                       7

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

LOSS PER SHARE

Net income  (loss) per common share is computed  based on the  weighted  average
number of  common  shares  outstanding  and  common  stock  equivalents,  if not
anti-dilutive.  The  Company  has not issued  any  potentially  dilutive  common
shares.

Basic loss per share is calculated  using the weighted  average number of common
shares  outstanding  and the treasury stock method is used to calculate  diluted
earnings  per share.  For the years  presented,  this  calculation  proved to be
anti-dilutive.

DIVIDENDS

The  Company  has not  adopted any policy  regarding  payment of  dividends.  No
dividends have been paid during the period shown.

INCOME TAXES

The Company  provides for income taxes under  Statement of Financial  Accounting
Standards No. 109,  "Accounting for Income Taxes." SFAS No. 109 requires the use
of an asset and liability approach in accounting for income taxes.

SFAS No. 109  requires  the  reduction  of  deferred  tax assets by a  valuation
allowance if, based on the weight of available evidence,  it is more likely than
not  that  some or all of the  deferred  tax  assets  will not be  realized.  No
provision for income taxes is included in the  statement  due to its  immaterial
amount, net of the allowance account,  based on the likelihood of the Company to
utilize the loss carry-forward.

NOTE 3 - DUE TO STOCKHOLDER

The amount owing to  stockholder is unsecured,  non-interest  bearing and has no
specific terms of repayment.

NOTE 4 - STOCKHOLDERS' EQUITY

Common Shares - Authorized

The company has  100,000,000  common shares  authorized at a par value of $0.001
per share.

Common Shares - Issued and Outstanding

During the period  ended July 31,  2008,  the company  issued  2,140,000  common
shares for total proceeds of $47,000.

As at January 31, 2009, the company has no warrants or options outstanding.

                                       8

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 5 - INCOME TAXES

The Company  provides for income taxes under  Statement of Financial  Accounting
Standards No. 109, ACCOUNTING FOR INCOME TAXES. SFAS No. 109 requires the use of
an asset and  liability  approach in accounting  for income taxes.  Deferred tax
assets  and  liabilities  are  recorded  based on the  differences  between  the
financial statement and tax bases of assets and liabilities and the tax rates in
effect currently.

SFAS No. 109  requires  the  reduction  of  deferred  tax assets by a  valuation
allowance if, based on the weight of available evidence,  it is more likely than
not that some or all of the  deferred  tax assets will not be  realized.  In the
Company's opinion, it is uncertain whether they will generate sufficient taxable
income in the future to fully utilize the net deferred tax asset. Accordingly, a
valuation allowance equal to the deferred tax asset has been recorded. The total
deferred tax asset is $6,059, which is calculated by multiplying a 22% estimated
tax rate by the cumulative NOL of $27,540.

NOTE 6 - RELATED PARTY TRANSACTION

As at January 31, 2009, there is a balance owing to a stockholder of the Company
in the amount of $950.

The  officers  and  directors  of the  Company are  involved  in other  business
activities  and  may,  in  the  future,   become   involved  in  other  business
opportunities  that  become  available.  They may face a conflict  in  selecting
between the Company and other business interests. The Company has not formulated
a policy for the resolution of such conflicts.

NOTE 7 - GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
company  will  continue as a going  concern.  As  discussed  in the notes to the
financial  statements,  the Company has no established  source of revenue.  This
raises  substantial  doubt  about the  Company's  ability to continue as a going
concern. Without realization of additional capital, it would be unlikely for the
Company to continue as a going concern.  The financial statements do not include
any adjustments that might result from this uncertainty.

                                       9

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 7 - GOING CONCERN (CONTINUED)

The Company's activities to date have been supported by equity financing. It has
sustained  losses in all  previous  reporting  periods with an inception to date
loss of $27,540 as of January 31,  2009.  Management  continues  to seek funding
from its shareholders and other qualified investors to pursue its business plan.
In the  alternative,  the Company  may be  amenable  to a sale,  merger or other
acquisition  in the event such  transaction is deemed by management to be in the
best interests of the shareholders.

NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS

Below is a listing of the most  recent  accounting  standards  SFAS  150-154 and
their effect on the Company.

STATEMENT  NO.  150  -  ACCOUNTING  FOR  CERTAIN   FINANCIAL   INSTRUMENTS  WITH
CHARACTERISTICS OF BOTH LIABILITIES AND EQUITY (ISSUED 5/03)

This Statement  establishes  standards for how an issuer classifies and measures
certain  financial  instruments  with  characteristics  of both  liabilities and
equity.

STATEMENT NO. 151- INVENTORY COSTS-AN AMENDMENT OF ARB NO. 43, CHAPTER 4 (ISSUED
11/04)

This statement amends the guidance in ARB No. 43, Chapter 4, INVENTORY  PRICING,
to  clarify  the  accounting  for  abnormal  amounts of idle  facility  expense,
freight, handling costs, and wasted material (spoilage).  Paragraph 5 of ARB 43,
Chapter 4, previously  stated that "...under some  circumstances,  items such as
idle facility expense,  excessive spoilage, double freight and re-handling costs
may be so abnormal ass to require treatment as current period  charges...." This
Statement  requires  that those items be recognized  as  current-period  charges
regardless  of whether they meet the  criterion of "so  abnormal."  In addition,
this Statement  requires that  allocation of fixed  production  overheads to the
costs  of  conversion  be  based  on  the  normal  capacity  of  the  production
facilities.

STATEMENT NO. 152 - ACCOUNTING  FOR REAL ESTATE  TIME-SHARING  TRANSACTIONS  (AN
AMENDMENT OF FASB STATEMENTS NO. 66 AND 67)

This  Statement  amends  FASB  Statement  No. 66,  ACCOUNTING  FOR SALES OF REAL
ESTATE,  to reference the financial  accounting and reporting  guidance for real
estate time-sharing transactions that is provided in AICPA Statement of Position
(SOP) 04-2, ACCOUNTING FOR REAL ESTATE TIME-SHARING TRANSACTIONS.

This  Statement  also amends FASB  Statement  No. 67,  Accounting  FOR COSTS AND
INITIAL RENTAL OPERATIONS OF REAL ESTATE PROJECTS,  states that the guidance for
(a) incidental  operations  and (b) costs incurred to sell real estate  projects
does not apply to real estate  time-sharing  transactions.  The  accounting  for
those operations and costs is subject to the guidance in SOP 04-2.

                                       10

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

STATEMENT NO. 153- EXCHANGES OF NON-MONETARY ASSETS (AN AMENDMENT OF APB OPINION
NO. 29)

The guidance in APB Opinion No. 29, ACCOUNTING FOR NON-MONETARY TRANSACTIONS, is
based on the principle that exchanges of non-monetary  assets should be measured
based on the fair value of the assets  exchanged.  The guidance in that Opinion,
however,  includes  certain  exceptions to the principle.  This Statement amends
Opinion 29 to eliminate  the  exception  for  non-monetary  exchanges of similar
productive  assts and  replaces it with a general  exception  for  exchanges  of
non-monetary  assets  that do not  have  commercial  substance.  A  non-monetary
exchange  has  commercial  substance  if the future cash flows of the entity are
expected to change significantly as a result of the exchange.

STATEMENT NO. 154 - ACCOUNTING  CHANGES AND ERROR  CORRECTIONS (A REPLACEMENT OF
APB OPINION NO. 20 AND FASB STATEMENT NO. 3)

This  Statement  replaces  APB  Opinion  No. 20,  ACCOUNTING  CHANGES,  and FASB
Statement No. 3, REPORTING  ACCOUNTING CHANGES IN INTERIM FINANCIAL  STATEMENTS,
and changes the requirements for the accounting for and reporting of a change in
accounting  principle.  This  Statement  applies  to all  voluntary  changes  in
accounting  principle.  It also  applies to changes  required  by an  accounting
pronouncement  in the unusual instance that the  pronouncement  does not include
specific  transition   provisions.   When  a  pronouncement   includes  specific
transition provisions, those provisions should be followed.

SFAS NO. 155 ACCOUNTING FOR CERTAIN HYBRID FINANCIAL INSTRUMENTS-AN AMENDMENT OF
FASB STATEMENTS NO. 133 AND 140

This  statement  amends FASB  Statements  No. 140,  Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities. This statement
resolves  issues  addressed  in  Statement  133  Implementation  Issue  No.  D1,
Application of Statement 133 to Beneficial  Interests in  Securitized  Financial
Assets.  This statement is effective for all financial  instruments  acquired or
issued after the  beginning  of an entity's  first fiscal year that begins after
September 15, 2006.

SFAS NO. 156 ACCOUNTING FOR SERVICING OF FINANCIAL  ASSETS-AN  AMENDMENT OF FASB
STATEMENT NO. 140

This statement  amends FASB Statement No. 140 with respect to the accounting for
separately  recognized  servicing  liabilities.  An  entity  should  adopt  this
statement  as of the  beginning  of its  first  fiscal  year that  begins  after
September 15, 2006.

SFAS NO. 157 FAIR VALUE MEASUREMENTS

In September 2006, the FASB issued SFAS No. 157, FAIR VALUE MEASUREMENTS,  which
defines  fair  value,  establishes  a  framework  for  measuring  fair  value in
generally accepted  accounting  principles,  and expands  disclosures about fair
value  measurements.   SFAS  No.  157  does  not  require  any  new  fair  value
measurements,  but provides guidance on how to measure fair value by providing a
fair  value  hierarchy  used to  classify  the source of the  information.  This
statement is effective for us beginning May 1, 2008.

                                       11

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

SFAS NO.  158  EMPLOYERS'  ACCOUNTING  FOR  DEFINED  BENEFIT  PENSION  AND OTHER
POSTRETIREMENT  PLANS-AN  AMENDMENT  OF FASB  STATEMENTS  NO. 87, 88,  106,  AND
132(R))

This  statement  improves  the  financial  reporting by requiring an employer to
recognize  the   overfunded  or   underfunded   status  of  a  defined   benefit
postretirement plan (other than a multiemployer plan) as an asset or liabilities
in its statement of financial  positions and to recognize changes in that funded
status in the year in which the changes occur through  comprehensive income of a
business entity.  This statement also improves financial  reporting by requiring
an  employer  to  measure  the  funded  status  of a plan as of the  date of its
year-end statement of financial position, with limited exceptions.

SFAS  NO.  159  The  Fair  Value  Option  for  Financial  Assets  and  Financial
Liabilities-Including an amendment of FASB Statement No. 115

This statement permits entities to choose to measure many financial  instruments
and  certain  items at fair value.  The  objective  is to improve the  financial
reporting by providing  entities with the opportunity to mitigate  volatility in
reported earnings caused by measuring related assets and liabilities differently
without having to apply complex hedge accounting  provisions.  This statement is
expected to expand the use of fair value  measurement  objectives for accounting
for financial instruments. This statement is effective as of the beginning of an
entity's first fiscal year that begins after November 15, 2007.

SFAS NO. 160 NON-CONTROLLING  INTEREST IN CONSOLIDATED  FINANCIAL  STATEMENTS-AN
AMENDMENT OF ARB NO. 51

This statement amends ARB 51 to establish accounting and reporting standards for
the  non-controlling  interest in a subsidiary and for the  deconsolidation of a
subsidiary.  It also  changes  the  way the  consolidated  income  statement  is
presented for non-controlling interest. This statement improves comparability by
eliminating   diversity  of  methods.  This  statement  also  requires  expanded
disclosure.

SFAS NO. 161

This statement is intended to enhance the disclosure requirements for derivative
instruments and hedging activities as required by SFAS 133.

SFAS 162

This  statement  indentifies  the  sources  of  accounting  principles  and  the
framework  for  selecting  the  principles  to by  used  in the  preparation  of
financial  statements  for  entities  that  are  presented  in  conformity  with
generally  accepted  accounting  principles  in the  United  States,  (the  GAAP
hierarchy).

                                       12

Netventory Solutions Inc.
(A Development Stage Company)
Notes to Financial Statements
January 31, 2009


NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS (CONTINUED)

FIN NO. 48

In June 2006, the FASB issued  Interpretation No. 48 ("FIN No. 48"),  ACCOUNTING
FOR UNCERTAINTY IN INCOME  TAXES--AN  INTERPRETATION  OF FASB STATEMENT NO. 109,
which clarifies the accounting for uncertainty in income taxes  recognized in an
enterprise's  financial  statements in accordance with SFAS No. 109,  ACCOUNTING
FOR INCOME  TAXES.  The  Interpretation  provides a  recognition  threshold  and
measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return.  Under FIN No. 48,
the Company may recognize the tax benefit from an uncertain tax position only if
it is  more  likely  than  not  that  the tax  position  will  be  sustained  on
examination  by the taxing  authorities,  based on the  technical  merits of the
position.  The tax benefits  recognized in the financial  statements from such a
position should be measured based on the largest benefit that has a greater than
50%  likelihood  of being  realized upon  ultimate  settlement.  FIN No. 48 also
provides  guidance on  de-recognition,  classification,  interest and penalties,
accounting  in  interim  periods,  disclosure,  and  transition.  FIN No.  48 is
effective for us beginning July 1, 2007.

In June  2006,  the FASB  ratified  the  Emerging  Issues  Task  Force  ("EITF")
consensus on EITF Issue No. 06-2,  "Accounting  for  Sabbatical  Leave and Other
Similar  Benefits  Pursuant  to FASB  Statement  No.  43." EITF  Issue No.  06-2
requires  companies  to  accrue  the  costs  of  compensated  absences  under  a
sabbatical or similar  benefit  arrangement  over the requisite  service period.
EITF Issue No. 06-2 is effective for us beginning  July 1, 2007.  The cumulative
effect of the  application  of this  consensus on prior period results should be
recognized through a cumulative-effect adjustment to retained earnings as of the
beginning of the year of adoption.  Elective  retrospective  application is also
permitted.

Staff Accounting Bulletin ("SAB") No. 108, Considering the Effects of Prior Year
Misstatements when Quantifying Current Year Misstatements.  SAB No. 108 requires
companies to quantify  misstatements  using both a balance sheet (iron  curtain)
and an income statement  (rollover) approach to evaluate whether either approach
results in an error  that is  material  in light of  relevant  quantitative  and
qualitative  factors,  and provides for a one-time  cumulative effect transition
adjustment. SAB No. 108.

The FASB has replaced SFAS No. 141 with a new statement on Business Combinations
that  changes  the way that  minority  interest is  recorded  and  modified as a
parent's interest in a subsidiary changes.

The  adoption  of these and  other  new  Statements  is not  expected  to have a
material  effect  on  the  Company's  current  financial  position,  results  or
operations, or cash flows.

                                       13

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This report on Form 10-Q contains forward-looking statements that involve risks
and uncertainties. You should not place undue reliance on these forward-looking
statements. Our actual results could differ materially from those anticipated in
the forward-looking statements for many reasons, including the risks described
in this report, our registration statement on Form S-1 and other filings we make
from time to time with the Securities and Exchange Commission. Although we
believe the expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the statements
are made. We do not intend to update any of the forward-looking statements after
the date of this report to conform these statements to actual results or to
changes in our expectations, except as required by law.

This discussion and analysis should be read in conjunction with the unaudited
interim financial statements and notes thereto included in this report and the
audited financials in our registration statement on Form S-1 for the period
ended July 31, 2008.

OVERVIEW

We are a development stage company with limited operations and no revenues from
our business operations. Our auditors have issued a going concern opinion. This
means that our auditors believe there is substantial doubt that we can continue
as an on-going business for the next twelve months. We do not anticipate that we
will generate significant revenues until we have completed our development of
our software and marketing plan to generate customers. Accordingly, we must
raise cash from sources other than our operations in order to implement our
marketing plan.

In our management's opinion, there is a need for wireless network services
enabling the creation of wireless communities. We are focused on developing an
authentication and billing software product, and offering a wireless networking
service for the creation of wireless communities. We intend to enable service
providers, organizations, and individuals to deploy wireless networks, and to
sell subscriptions to end-users to access such wireless networks. Our goal is to
provide users with the ability to roam across Quuibus-powered wireless networks.
A user with a Quuibus account will be able to connect through and roam across
any of our partner wireless networks, similar to the way cellular phone
companies allow their customers to roam across different networks.

To meet our need for cash, we have raised money from the sale of shares which we
registered through a public offering which became effective on September 11,
2007. We have sold 2,140,000 shares of our common stock pursuant to this
offering, which generated $47,000 in gross proceeds. We believe that this will
allow us to begin our product development, market our website, and remain in
business for twelve months. If we are unable to generate revenues after the
twelve months for any reason, or if we are unable to make a reasonable profit
after twelve months, we may have to suspend or cease operations. At the present
time, we have not made any arrangements to raise additional cash, other than
through this offering. Because we raised less than the maximum amount and need
additional funds, we may seek to obtain additional funds through a second public
offering, private placement of securities, or loans.

PLAN OF OPERATION

GENERAL

We were incorporated in the state of Nevada in February 8, 2008, under the name
NetVentory Solutions, Inc. and are engaged in the provision of online inventory
services to small and medium sized companies. Our goal is to offer comprehensive
inventory management and product fulfillment services to our customers. Our
target clientele will include small to medium sized business owners who demand
convenient and cost effective ways to monitor and control their company's
inventory.

In order to satisfy global demand for online inventory services, we plan to
develop a network of international and domestic resellers, and also retain a
foreign sales force that manages various call centers, which develop client
networks and contact potential customers.

As the popularity of the Internet continues to surge, we plan to capitalize on
the continually maturing marketplace for online inventory management services.
Automated inventory services are becoming an increasingly necessary tool to

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reduce costs and increase productivity. From scanning the bar codes on products
stored in warehouses and storage bins, to tracking the cost of goods sold to
customers, inventory management is becoming an essential part of everyday life
for many businesses.

We believe that our company has a strategic advantage over our competition
because our customers will have access to a protected local copy of their
inventory at their premises to which they can refer to in the event of a failure
in Internet connectivity. By granting our customers a local copy of their
inventory that will be readily available, our customers will have the ability to
continue with a project such as an inventory count (despite the lack of internet
service), without disruptions. In addition, once Internet connection is
restored, the local copy will automatically synch with the client's online
inventory system, updating any changes that may have occurred during the
interruption. We believe our unique technology will find a comfortable niche in
the online inventory system business, and will continue to refine our product
and related services in order to meet the needs of small and medium size
businesses.

PRODUCTION

Registered subscribers will be able to log into our web site using the access
codes they set up during the registration process. After entering their user
name and password the person will be redirected to a designated secure folder
that contains their customized inventory management system. The infrastructure
of the web site will allow a subscriber to have multiple users online
simultaneously with no limitations on the number of hours of use. The
subscriber's staff will be able to access the same or different elements of
their online inventory management system at the same time if they like. An
access code hierarchy will be available to allow an administrator from the
subscriber firm, to limit or restrict the rights of users within their own
group. In this way sensitive information will be restricted to predetermined
members of the subscriber group.

A prominent feature of our online inventory management system will be to the
ease of access to a client's information. We plan to design an online system
that will be able to harness the growing ubiquity of Internet access. The
portability of the user name and password will allow subscribers to access our
company's web site from anywhere that they have Internet access. Our subscribers
are able to access the inventory via any web-compliant browser on a PC, Laptop
or a PDA.

Our product will enable our clients to manage their inventory and related
logistics. For example, when a shipment of materials arrives at the loading dock
of a client company, the client's staff person can log into the site and enter
the incoming items by product description, quantity and include notes such as
damaged goods for return. The entry will immediately update the existing
inventory for the goods already on hand, change the re-order status and advise
the production department that the goods have been received and are now
available. In another example, a client's sales representative that is visiting
a customer at the customer's office and needs to check the status of a customer
order, can check from a remote location to see if an item the customer wants is
in stock or to modify an existing order that has not yet shipped. The sales rep
will be able to use a wireless device to access the Internet, log in and
complete any one of these or other tasks thereby help to increase the level of
service the sales rep can give to the customer.

Our online inventory management services will feature a relational database that
will be developed using the open source MYSQL and the PhP programming language.
By using these software development tools we will be able to keep our costs down
and still produce a high quality product.

The customer may opt for a local copy of their inventory hosted on a server at
their premises. If the Internet fails, the local copy is still available for the
customer to use. When the problem is remedied, the local copy will synch with
the online inventory system. This option will be available at an additional fee.

SALES AND MARKETING STRATEGY

The marketing expense will be directed at developing an international and
domestic reseller network. To accomplish this we plan to outsource the task to
an offshore call center. We anticipate spending 75% of the marketing budget in
this manner. The remaining 25% will go towards an online advertising campaign
using the Google Adwords cost-per-click advertising program. Our online ads will
try to drive traffic to our web site.

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COMPETITION

The competition to provide customers with online inventory management systems
exists in companies that appear to be at various stages of development and
growth. In the section below we highlight some of the firms that have a presence
on the internet already and are currently marketing their versions of this type
of service.

We believe that there are several categories of software companies offering
online inventory management systems. We have divided our industry segment and
competition into two distinct categories: one where the software company
includes inventory management as part of the larger software product offering;
and the second where the software company specializes in offering this type of
service. Our firm will be in the second category as an inventory management
system specialist.

There are a number of firms that already offer various types of inventory
management services through their web sites. No one company appears to have been
able to establish a dominant position and become the market leader. When we
consider the growth of the internet and the suitability of inventory management
systems to relational database structures we feel that we will be coming to a
market that remains fractured and offers potential for long-term success.

None of these solutions appear to offer the customer the ability to have a local
copy of their inventory on an on-site server. If the customer loses access to
the internet, it is likely that the company will not be able to fulfill orders -
resulting in a loss of business. In addition, there is a significant loss of
productivity. Our system offers this functionality as an add-on service and we
believe that this is a key differentiator between our service and those of our
competition.

RESULTS OF OPERATIONS

During the period from February 8, 2008 (date of inception) through January 31,
2009, we incurred a net loss of $27,540. This loss consisted primarily of
incorporation costs, professional fees and filing fees. Since inception, we have
sold 2,140,000 shares of common stock.

PURCHASE OR SALE OF EQUIPMENT

We do not expect to purchase or sell any plant or significant equipment. We have
leased web hosting space needed for hosting our website at a cost of $240
annually.

REVENUES

We had no revenues for the period from February 8, 2008 (date of inception)
through January 31, 2009.

LIQUIDITY AND CAPITAL RESOURCES

Our balance sheet as of January 31, 2009, reflects assets of $21,810, including
current assets comprised of cash of $12,810 and other assets of $9,000. Cash and
cash equivalents from inception to date have been insufficient to provide the
working capital necessary to operate to date.

Notwithstanding the success of this offering, we anticipate generating losses
and, therefore, may be unable to continue operations in the future. If we
require additional capital, we would have to issue debt or equity or enter into
a strategic arrangement with a third party. There can be no assurance that
additional capital will be available to us. We currently have no agreements,
arrangements or understandings with any person to obtain funds through bank
loans, lines of credit or any other sources.

GOING CONCERN CONSIDERATION

Our independent auditors included an explanatory paragraph in their report on
the accompanying financial statements regarding concerns about our ability to
continue as a going concern. Our financial statements contain additional note
disclosures describing the circumstances that lead to this disclosure by our
independent auditors.

Due to this doubt about our ability to continue as a going concern, management
is open to new business opportunities which may prove more profitable to the
shareholders of the Company. Historically, we have been able to raise a limited
amount of capital through private placements of our equity stock, but we are

                                       16

uncertain about our continued ability to raise funds privately. Further, we
believe that our company may have difficulties raising capital until we locate a
prospective business opportunity through which we can pursue our plan of
operation. If we are unable to secure adequate capital to continue our
acquisition efforts, our business may fail and our stockholders may lose some or
all of their investment.

Should our original business plan fail, we anticipate that the selection of a
business opportunity in which to participate will be complex and without
certainty of success. Management believes that there are numerous firms in
various industries seeking the perceived benefits of being a publicly registered
corporation. Business opportunities may be available 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. We can provide no assurance that we will be
able to locate compatible business opportunities.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

We have identified the policies described in the footnotes to our financial
statements as critical to our business operations and the understanding of our
results of operations. The impact and any associated risks related to these
policies on our business operations are discussed throughout this section where
such policies affect our reported and expected financial results. Our
preparation of our financial statements requires us to make estimates and
assumptions that affect the reported amounts of assets and liabilities,
disclosure of contingent assets and liabilities at the date of our financial
statements, and the reported amounts of revenue and expenses during the
reporting period. There can be no assurance that actual results will not differ
from those estimates. We consider the accounting policies described in our
financial statement footnotes to be critical because the nature of the estimates
or assumptions is material due to the levels of subjectivity and judgment
necessary to account for highly uncertain matters or the susceptibility of such
matters to change or because the impact of the estimates and assumptions on
financial condition or operating performance is material.

EFFECT OF NEW ACCOUNTING PRONOUNCEMENTS

The adoption of the new accounting pronouncements is not expected to have a
material effect on the Company's current financial position, results or
operations, or cash flows.

ITEM 3. CONTROLS AND PROCEDURES

DISCLOSURE CONTROLS AND PROCEDURES:

Our management evaluated, with the participation of our Chief Executive Officer
and Chief Financial Officer, the effectiveness of the design and operation of
our disclosure controls and procedures as of the end of the period covered by
this Quarterly Report on Form 10-Q. Based on this evaluation, our Chief
Executive Officer and our Chief Financial Officer have concluded that our
disclosure controls and procedures are effective to ensure that information we
are required to disclose in reports that we file or submit under the Securities
Exchange Act of 1934 (i) is recorded, processed, summarized and reported within
the time periods specified in Securities and Exchange Commission rules and
forms, and (ii) is accumulated and communicated to our management, including our
Chief Executive Officer and our Chief Financial Officer, as appropriate, to
allow timely decisions regarding required disclosure. Our disclosure controls
and procedures are designed to provide reasonable assurance that such
information is accumulated and communicated to our management. Our disclosure
controls and procedures include components of our internal control over
financial reporting. Management's assessment of the effectiveness of our
internal control over financial reporting is expressed at the level of
reasonable assurance that the control system, no matter how well designed and
operated, can provide only reasonable, but not absolute, assurance that the
control system's objectives will be met.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING:

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

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                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We may be involved from time to time in ordinary litigation, negotiation and
settlement matters that will not have a material effect on our operations or
finances. We are not aware of any pending or threatened litigation against us or
our officers and directors in their capacity as such that could have a material
impact on our operations or finances.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Not applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.

ITEM 5. OTHER INFORMATION

Not applicable.

ITEM 6. EXHIBITS

Exhibit
Number                                  Description
------                                  -----------

3.1           Certificate of Incorporation of NetVentory Solutions, Inc. *

3.2           Bylaws of NetVentory Solutions, Inc. *

31.1          Certification of the Chief Executive and Chief Financial Officer
              pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1          Certification of Officers pursuant to 18 U.S.C. Section 1350, as
              adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

----------
*    Incorporated by reference to our Form S-1 Registration Statement filed on
     September 3, 2008, File Number 333-153308

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                                    SIGNATURE

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

                                        NETVENTORY SOLUTIONS, INC.


Date: March 16, 2009                    By: /s/ Ronald C. Dela Cruz
                                           -------------------------------------
                                        Name:  Ronald C. Dela Cruz
                                        Title: President and Director


In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following persons in the capacities and
on the dates stated:


Date: March 16, 2009                    By: /s/ David Marby
                                           -------------------------------------
                                        Name:  David Marby
                                        Title: Director

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