10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

[X]	Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the quarterly period ended August 31, 2010
[  ]	Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934
	For the transition period from  __________ to __________
	Commission File Number: 333-143901

SupportSave Solutions, Inc.

(Exact name of Registrant as specified in its charter)

Nevada	98-0534639
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

11132 Ventura Blvd, Ste #420, Studio City, CA 91604

(Address of principal executive offices)

(925) 304-4400

(Registrant’s telephone number)

_______________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days [X] Yes    [ ] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this chapter) during the preceeding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [  ] No [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

[ ] Large accelerated filer Accelerated filer	[ ] Non-accelerated filer
[X] Smaller reporting company

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

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 14,844,781  common shares as of  August 31, 2010.

TABLE OF CONTENTS
		Page
PART I – FINANCIAL INFORMATION
Item 1:	Financial Statements	3
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	6
Item 4T:	Controls and Procedures	6
PART II – OTHER INFORMATION
Item 1:	Legal Proceedings	7
Item 1A:	Risk Factors	7
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	7
Item 3:	Defaults Upon Senior Securities	7
Item 4:	(Removed and Reserved)	7
Item 5:	Other Information	7
Item 6:	Exhibits	7

2

PART I - FINANCIAL INFORMATION

Item 1.     Financial Statements

Our financial statements included in this Form 10-Q are as follows:
F-1	Consolidated Balance Sheets as of August 31, 2010 (unaudited) and May 31, 2009 (audited);
F-2	Consolidated Statements of Operations for the three months ended August 31, 2010 and 2008 (unaudited);
F-3	Consolidated Statement of Stockholders’ Equity as of August 31, 2010 (unaudited);
F-4	Consolidated Statements of Cash Flows for the three months ended August 31, 2010 and August 31, 2009 (unaudited);
F-5	Notes to Consolidated Financial Statements;

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the interim period ended August 31, 2010 are not necessarily indicative of the results that can be expected for the full year.

3

SUPPORTSAVE SOLUTIONS, INC.

CONSOLIDATED BALANCE SHEETS

AS OF AUGUST 31, 2010 (UNAUDITED) AND MAY 31, 2010 (AUDITED)

	August 31, 2010 (Unaudited)			May 31, 2010 (Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	1,322,164		$	1,588,056
Investments in marketable securities		1,000			610
Accounts receivable – trade		148,272			170,249
Accounts receivable – other		0			15,441
Note receivable – current		210,000			210,000
Interest receivable		5,206			3,541
Total Current Assets		1,686,642			1,987,897
PROPERTY AND EQUIPMENT, net		353,806			201,723
OTHER ASSETS
Security deposit		66,396			64,208
Note receivable – related party		100,000			50,000
Deferred tax asset		93,000			0
Total Other Assets		259,396			114,208
TOTAL ASSETS	$	2,299,844		$	2,303,828
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	49,915		$	50,986
Accrued expenses		57,732			113,868
Loan payable – officer		800			800
Deferred revenue		6,797			0
Deferred tax liability		97,000			97,000
Total Current Liabilities		212,244			262,654
STOCKHOLDERS’ EQUITY
Common stock, $.00001 par value, 100,000,000 shares authorized; 14,844,781 and 14,503,531 shares issued and outstanding at August 31, 2010 and May 31, 2010, respectively		148			145
Additional paid in capital		2,183,192			1,958,084
Treasury stock		(3,029	)		(3,029)
Cumulative translation adjustment		(50,010	)		(43,818)
Unrealized gain (loss) on investments		(19,013	)		(19,403)
Retained earnings (deficit)		(23,688	)		149,195
Total Stockholders’ Equity		2,087,600			2,041,174
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,299,844		$	2,303,828

The accompanying notes are an integral part of the financial statements

F-1

SUPPORTSAVE SOLUTIONS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED AUGUST 31, 2010 AND 2009

	Three Months Ended August 31, 2010			Three Months Ended August 31, 2009
REVENUE
Sales	$	572,587		$	596,804
Less returns and allowances		(5,934	)		(5,111)
NET REVENUE		566,653			591,693
OPERATING EXPENSES
Wages and benefits		680,948			223,033
Rent		27,034			27,693
Telephone, internet and utilities		25,250			35,883
Commissions		16,910			47,752
Selling, general and administrative		88,200			111,699
TOTAL OPERATING EXPENSES		838,342			446,060
OPERATING INCOME (LOSS)		(271,689	)		145,633
OTHER INCOME (EXPENSE)
Interest income		5,806			3,880
Other income		0			125
Gains/(losses) on sales of investments		0			24,395
Gains/(losses) from currency hedging contracts		0			17,437
TOTAL OTHER INCOME (EXPENSE)		5,806			45,837
NET INCOME BEFORE PROVISION FOR FEDERAL INCOME TAX (BENEFIT)		(265,883	)		191,470
PROVISION FOR FEDERAL INCOME TAX (BENEFIT)		(93,000	)		64,000
NET INCOME (LOSS)	$	(172,883	)	$	127,470
NET INCOME PER SHARE: BASIC AND DILUTED	$	(0.01	)	$	0.01
WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC AND DILUTED		14,728,558			13,255,198

The accompanying notes are an integral part of the financial statements

F-2

SUPPORTSAVE SOLUTIONS, INC.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (UNAUDITED)

AS OF AUGUST 31, 2010

	Common Stock				Additional Paid in		Treasury			Cumulative Translation			Unrealized Gain (Loss) on			Retained Earnings
	Shares		Amount		Capital		Stock			Adjustment			Investments			(Deficit)			Total
Balance, May 31, 2008		12,655,198	$	126	$	921,298	$	0		$	(9,833	)	$	0		$	(379,972	)	$	531,619
Issuance of common stock		600,000		6		221,994		-			-			-			-			222,000
Purchase of treasury stock		-		-		-		(64,207	)		-			-			-			(64,207)
Net income		-		-		-		-			(12,125	)		-			255,112			242,987
Balance, May 31, 2009		13,255,198		132		1,143,292		(64,207	)		(21,958	)		0			(124,860	)		932,399
Purchase of treasury stock		-		-		-		(9,017	)		-			-			-			(9,017)
Common stock issued for cash		875,000		9		524,991		-			-			-			-			525,000
Sale of treasury stock		-		-		9,805		70,195			-			-			-			80,000
Common stock issued for services		373,333		4		279,996		-			-			-			-			280,000
Net income		-		-		-		-			(21,860	)		(19,403	)		274,055			232,792
Balance, May 31, 2010		14,503,531		145		1,958,084		(3,029	)		(43,818	)		(19,403	)		149,195			2,041,174
Shares issued as compensation		341,250		3		225,108		-			-			-			-			225,111
Net loss		-		-		-		-			(6,192	)		390			(172,883	)		(178,685)
Balance, August 31, 2010		14,844,781	$	148	$	2,183,192	$	(3,029	)	$	(50,010	)	$	(19,013	)	$	(23,688	)	$	2,087,600

The accompanying notes are an integral part of the financial statements

F-3

SUPPORTSAVE SOLUTIONS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE THREE MONTHS ENDED AUGUST 31, 2010 AND 2009

	Three Months Ended August 31, 2010			Three Months Ended August 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) for the period	$	(172,884	)	$	127,470
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation		14,480			12,317
Stock-based compensation		225,111			0
Changes in assets and liabilities:
Accounts receivable - trade		21,977			(25,518)
Accounts receivable - other		15,441			6,200
Accrued interest receivable		(1,665	)		0
Deferred tax asset		(93,000	)		50,000
Accounts payable		(1,070	)		(6,828)
Accrued expenses		(56,136	)		31,750
Deferred revenue		6,797			(1,812)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(40,949	)		193,579
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(166,563	)		(25,062)
Security deposit		(2,188	)		(4,000)
Change in investment in marketable securities		0			78,050
Increase in note receivable – related party		(50,000	)		0
Currency translation adjustment		(6,192	)		(5,145)
NET CASH (USED IN) INVESTING ACTIVITIES		(224,943	)		43,843
CASH FLOWS FROM FINANCING ACTIVITIES:
Private placement of treasury stock		0			80,000
Purchase and sale of treasury stock		0			(9,017)
Investment in closely held company		0			(16,500)
NET CASH PROVIDED BY FINANCING ACTIVITIES		0			54,483
NET INCREASE IN CASH AND CASH EQUIVALENTS		(265,892	)		291,905
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR		1,588,056			474,626
CASH AND CASH EQUIVALENTS - END OF YEAR	$	1,322,164		$	766,531
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	0		$	0
Cash paid for income taxes	$	0		$	0

The accompanying notes are an integral part of the financial statements

F-4

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 1: NATURE OF BUSINESS

SupportSave Solutions, Inc. was incorporated in Nevada on May 2, 2007, and provides offshore business process outsourcing, or BPO, services from an outsourcing center through its wholly-owned subsidiary of the same name, which was incorporated in the Philippines on October 17, 2006 and operates in the Philippines.  Both the parent and its subsidiary are hereinafter referred to as "the Company".

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company uses the accrual basis of accounting and has adopted a May 31 fiscal year end.

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 May 31, 2010.  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 res ults for the full year.

Principles of Consolidation

The consolidated financial statements of the Company include the accounts of the parent company and its wholly-owned Philippines subsidiary.  All significant intercompany accounts and transactions have been eliminated in consolidation.

Cash and Cash Equivalents

SupportSave considers all highly liquid investments with maturities of 3 months or less to be cash equivalents.

Property and Equipment

Property and equipment are recorded at cost.  Depreciation is provided by straight-line and accelerated methods, over the estimated useful lives of the assets, ranging from 39 years for leasehold improvements and 5 to 7 years for furniture and equipment.  Normal expenditures for repairs and maintenance are charged to operations as incurred.

Revenue Recognition

The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

Income Taxes

The Company uses an asset and liability approach to financial accounting and reporting for income taxes.  The difference between the financial statements and tax bases of assets and liabilities is determined annually.  Deferred income tax assets and liabilities are computed for those differences that have future tax consequences using the currently enacted tax laws and rates that apply to the periods in which they are expected to affect taxable income.  Valuation allowances are established, if necessary, to reduce the deferred tax assets to the amount that will more likely than not be realized.  Income tax expense is the current tax payable or refundable for the period, plus or minus the net change in the deferred tax assets and liabilities.

F-5

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Reclassifications

Certain accounts and financial statement captions in the prior periods have been reclassified to conform to the current period financial statements.

Foreign Currency Translation

The functional currency of the Company is the United States Dollar.  The financial statements of the Company’s Philippine operations are translated to U.S. dollars using the period exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses.  Capital accounts are translated at their historical exchange rates when the capital transaction occurs.  Net gains and losses resulting from foreign exchange translations are included in the statements of operations and changes in stockholders’ equity as other comprehensive income (loss).

Deferred Revenue

Deferred revenue represents advances received on services to be rendered for the periods subsequent to August 31, 2010 and May 31, 2010. Deferred revenue was $6,797 and $0 as of August 31, 2010 and May 31, 2010, respectively.

Advertising Costs

The Company follows the policy of expensing advertising costs as they are incurred. Advertising expense for the three months ended August 31, 2010 and 2009 were $20,539 and $38,282, respectively.

Currency Hedging Transactions

The Company's operating expenses consist primarily of salaries, payroll taxes and employee benefit costs paid to the professionals that the Company employs in the Philippines.  Since employee related costs are paid in the local currency, the Company is exposed to the risk of foreign currency fluctuations.  In an effort to try to minimize the downside risk of fluctuating currency rates, the Company has entered into foreign exchange forward contracts from time to time.  Any gains or losses from the settled and outstanding forward contracts are recorded as other income/expense in the statement of operations.

Impairment of Long-Lived Assets

The Company reviews its major assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If an asset is considered impaired, then impairment will be recognized in an amount determined by the excess of the carrying amount of the asset over its fair value.

Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, investments in marketable securities, accounts receivable – trade and other, notes receivable, interest receivable, accounts payable, accrued expenses, loan payable – officer and deferred revenue. The carrying amounts of financial instruments are considered by management to be their estimated fair values due to their short-term maturities. Securities that are publicly traded are valued at their fair market value based as of the balance sheet date presented.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures.  Accordingly, actual results could differ from those estimates.

Treasury Stock

Treasury stock purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock.  Gains and losses on the subsequent reissuance of shares are credited or charged to additional paid in capital using the average-cost method.

F-6

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basic Income (Loss) Per Share

Basic income per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of August 31, 2010.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with SFAS No. 123 and 123 (R) (ASC 718).  To date, the Company has not adopted a stock option plan and has not granted any stock options. During the three months ended August 31, 2010, the Company issued 341,250 shares of common stock to employees. See note 9.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

NOTE 3: PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of August 31, 2010 and May 31, 2010:

	August 31, 2010		May 31, 2010
Computers and equipment	$	149,849	$	147,771
Furniture and fixtures		76,719		65,969
Software		13,699		13,699
Leasehold improvements		29,709		29,709
Vehicles		63,270		63,270
Construction-in-progress		153,734		0
Sub-total		486,980		320,418
Less: Accumulated depreciation		(133,174)		(118,695)
Total Property and Equipment	$	353,806	$	201,723

On August 16, 2010, the Company entered into an agreement to build-out the new space leased in Cebu, Philippines for approximately $500,000.  The build-out is expected to be completed within ninety days of the date of the agreement.  The Company made its first payment towards the build-out of $153,734 in August 2010 and has recorded it in property and equipment as of August 31, 2010.

Depreciation expense was $14,480 and $12,317 for the three months ended August 31, 2010 and 2009, respectively.

NOTE 4: NOTE RECEIVABLE

On May 11, 2009, the Company sold its office building for $260,000 on a note receivable.  The Company received $50,000 down and the remainder is payable in 23 monthly interest only installments of $1,225 beginning June 11, 2009, with a balloon payment of the remaining principal and all accrued interest due on May 11, 2011.  The note bears interest at 7% per annum and is secured by the real property.

F-7

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 5: NOTE RECEIVABLE – RELATED PARTY

During the year ended May 31, 2010, the Company loaned $50,000 to a related party to fund an investment in a film project.  The loan is due on June 14, 2011 and at that time a total balloon payment of $55,000 is due that will satisfy the principal and accrued interest.

On June 2, 2010, the Company loaned an additional $50,000 to a related party.  The loan is due eighteen (18) months from the date of issuance and a balloon payment of $55,000, consisting of principal and interest, will be due at that time.

The total note receivable – related party was $100,000 and $50,000 as of August 31, 2010 and May 31, 2010, respectively.

NOTE 6: MARKETABLE SECURITIES

Marketable securities are shown at market value on the balance sheet.  The first-in, first-out (FIFO) method is used to determine the cost of each security at the time of sale. We consider our investment portfolio and marketable equity investments available-for-sale.  Accordingly, these investments are recorded at fair market value. As of May 31, 2010, an unrealized loss of $19,403 has been recorded.  No unrealized loss was recorded as of May 31, 2009 due to materiality. Cost and market value of equitable securities at August 31, 2010 and May 31, 2010are as follows:

	Cost		Gross Unrealized Loss		Market Value
Marketable securities, August 31, 2010	$	20,013	$	(19,013)	$	1,000
Marketable securities, May 31, 2010	$	20,013	$	(19,403)	$	610

NOTE 7: INVESTMENTS

During the year ended May 31, 2010, the Company invested in a company, Affordacars, LLC, in the amount of $16,500.  As of May 31, 2010 the Affordacars, LLC is insolvent and the investment has been written off in full.

NOTE 8: ACCRUED EXPENSES

Accrued expenses consisted of the following as of August 31, 2010 and May 31, 2010:

	August 31, 2010		May 31, 2010
Accrued wages and taxes	$	54,732	$	74,683
Accrued professional fees		3,000		12,015
Accrued foreign taxes		0		25,985
Accrued miscellaneous		0		1,185
Total Accrued expenses	$	57,732	$	113,868

F-8

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 9: COMMON STOCK

The Company has issued shares at various times to employees for services rendered.  During the years ended May 31, 2010, 373,333 shares were issued to employees for total value of $280,000. The shares were valued at the market price on the grant date.

On January 1, 2010, the Company sold 875,000 shares of its common stock in a private offering at $0.60 per share for total cash of $525,000.

The Company purchased back 266,769 shares of treasury stock for a total cost of $64,207 during the year ended May 31, 2009.  The Company purchased an additional 20,500 shares for a total cost of $9,017 during year ended May 31, 2010.  On August 21, 2009, the Company sold 275,387 shares of this treasury stock for $80,000 through a subscription agreement in a private placement.  The proceeds and cost of these shares have been accounted for in additional paid in capital.  The remaining 11,882 shares continue to be held as treasury stock, as a reduction to shareholders’ equity.

The Company issued 341,250 shares of common stock as compensation during three months ended August 31, 2010.  The shares were valued at $225,111, which was the fair market value as of the grant dates.

As of August 31, 2010, the Company has 14,844,781 shares of common stock issued and outstanding.

NOTE 10: OPERATING LEASE

The Company operates out of a leased facility in Cebu, Philippines.  The lease began December 1, 2007, and is for 5 years at the rate of approximately $3,500 per month.  Additional space was added at an additional $1,720 per month.  On August 15, 2010, the Company signed a lease for office space in Los Angeles for approximately $1,200 per month for a term of twelve months.

In March 2010, the Company signed a new lease for a facility in Cebu, Philippines. The lease begins July 30, 2010, and is for 5 years at the rate of approximately $10,650 per month.  The lease contains a rent-free fit-out period from March 30, 2010 to July 29, 2010.  The lease also contains an option for an additional 5 years upon mutual agreement of the parties.  The Company anticipates moving to their new facility during the next fiscal year.

Minimum annual rents for all leases for the next five years are as follows:

Twelve months ended:	Amount:
August 31, 2011	$	212,332
2012		197,346
2013		157,471
2014		149,135
2015		156,675
Thereafter		0
Total	$	872,959

F-9

SUPPORTSAVE SOLUTIONS, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

AUGUST 31, 2010

NOTE 11: INCOME TAXES

The provision for Federal income tax consists of the following for the three months ended August 31, 2010 and 2009:

	2010		2009
Refundable Federal income tax attributable to:
Current operations	$	(93,000)	$	114,000
Less: valuation allowance		0		(50,000)
Net provision (benefit) for Federal income taxes	$	(93,000)	$	64,000

The cumulative tax effect at the expected rate of 35% of significant items comprising our net deferred tax amount is as follows at August 31, 2010 and May 31, 2010:

	August 31, 2010		May 31, 2010
Deferred tax asset attributable to:
Net operating loss carryover	$	93,000	$	(97,000)
Less: valuation allowance		0		0
Net deferred tax asset (liability)	$	93,000	$	(97,000)

NOTE 12: CONCENTRATION OF CREDIT RISK

The Company maintains cash balances at three financial institutions.  At August 31, 2010, the Company’s cash and cash equivalents exceeded federally insured limits by $904,367.  Of the total cash and cash equivalents, $8,564 is invested in a broker/dealer money market account.

NOTE 13: SUBSEQUENT EVENTS

On October 15, 2010, the Company paid an additional $105,909 toward the build-out of their offices in Cebu, Philippines.  The additional payment has been recorded as property and equipment as of that date.

Management has evaluated subsequent events through October 20, 2010, the date these financial statements were issued, and has determined it does not have any material subsequent events to disclose other than those mentioned above.

F-10

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

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.   These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will cont inue,” “will likely result,” and similar expressions.  We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions.  Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.  We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.  Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.

Overview

We provide offshore business process outsourcing, or “BPO,” services which we deliver primarily to U.S.-based clients from our facilities in the Philippines. BPO services involves contracting with an external organization to take primary responsibility for providing a business process or function, such as customer management, transcription and captioning, processing services, human resources, procurement, logistics support, finance and accounting, engineering, facilities management, information technology and training. These customer care services and solutions are provided by our skilled customer service representatives to small and mid-sized companies in the healthcare, communication, business services, financial services, publishing, and travel and entertainment industries.

4

Results of Operations for the three months ended August 31, 2010

To become more profitable and competitive, we have to attract more clients, sell our services and generate more revenues.

Our revenue reported for the three months ended August 31, 2010 was $572,587, compared with $596,804 for the three months ended August 31, 2009.  Our revenue generated for all periods was attributable to the sale of our BPO services. The slight decrease in revenues for the three months ended August 31, 2010 from the same periods in 2009 is attributable to some seasonality from our larger clients and no sales revenue from the ezforexhost.com project, which was sold during the year.

Returns and allowances are refunds for services not provided.  Returns and allowances for the three months ended August 31, 2010 amounted to $5,934, compared with $5,111 for the same period ended August 31, 2009.  We experienced more returns and allowances in the three months ended August 31, 2010 compared with the same period 2009 as a result of some infrastructure issues related to our current facility.

Our revenue less returns and allowances is our net revenue.  Net revenue for the three months ended August 31, 2010 was $566,653, compared with $591,693 for the same period ended August 31, 2009.  

Our operating expenses for the three months ended August 31, 2010 was $838,342, compared with $446,060 for the same period ended August 31, 2009.  The increase in our operating expenses for the three months ended August 31, 2010 compared with August 31, 2009 is mainly attributable to an increase in wages and benefits in the amount of $457,915, offset by a decrease in selling, general and administrative expenses of $23,499 and a decrease in commissions in the amount of $30,842.

As demonstrated above and going forward, we anticipate higher costs related to the compensation of our new management team and the build out and migration to our new 550 seat operation center in the Cybergate building in Cebu, Philippines.  The new management team’s stock-based compensation awards are scheduled to continue through the end of the calendar year, significantly increasing our salary and compensation expense in the near-term. In addition, our new facility should be open in early December 2010 and we anticipate higher costs as we migrate to the facility.   We believe the new management team and larger, more modern facility will position us to pursue new business contracts that are much larger than the typical and traditionally smaller BPO contracts we now have. Consequently, we anticipate the increa sed expense associated with the management team and facility will impair our profitability in the near-term and mid-term, but we also anticipate significant improvement in both overall revenues and profits in the long-term as these new contracts are secured and ramp up.         

We had other income of $5,806 for the three months ended August 31, 2010, compared with other income of $45,837 for the three months ended August 31, 2009. The decrease in other income is mainly attributable to gains on the sale of investments in the amount of $24,395 and gains from currency hedging contracts of $17,437 for the three months ended August 31, 2009 that were not realized at all in the three months ended August 31, 2010.

We had a net loss of $172,883 for the three months ended August 31, 2010, compared with net income of $127,470 for the three months ended August 31, 2009.

5

Liquidity and Capital Resources

As at August 31, 2010, we had $1,686,642 in current assets and $212,244 in current liabilities. On August 31, 2010, we had working capital of $1,474,398.

Operating activities used $40,949 in cash for the three months ended August 31, 2010. Our net loss of $172,884, along with deferred tax asset of $93,000 and accrued expenses of $56,136 were the primary components of our negative operating cash flow, offset by mainly stock-based compensation of $225,111. Cash flows used by investing activities during the three months ended August 31, 2010 was $224,943 mainly as a result of $166,563 in the purchase of property and equipment and $50,000 in increases in a related party note receivable. We did not have any cash flows as a result of financing activities during the three months ended August 31, 2010.

Currently, our primary source of liquidity is cash flows provided by our operations. We will not require additional capital to execute our plan, unless we expand into additional facilities or grow through the acquisition of complementary businesses. Our current cash flows from operations are sufficient to meet our working capital requirements over the next 12 months.

Off Balance Sheet Arrangements

As of August 31, 2010, there were no off balance sheet arrangements.

Item 3.     Quantitative and Qualitative Disclosures About Market Risk

A smaller reporting company is not required to provide the information required by this Item.

Item 4T.     Controls and Procedures

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of August 31, 2010.  This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, Christopher Johns.  Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of August 31, 2010, our disclosure controls and procedures are effective.  There have been no changes in our internal controls over financial reporting during the quarter ended August 31, 2010.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Limitations on the Effectiveness of Internal Controls

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level.  Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

6

PART II – OTHER INFORMATION

Item 1.     Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A:  Risk Factors

A smaller reporting company is not required to provide the information required by this Item.

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

We issued 341,250 shares of common stock as compensation during three months ended August 31, 2010.  The shares were valued at $225,111, which was the fair market value as of the grant dates. The shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended, and/or Rule 506 promulgated thereunder.

Item 3.     Defaults upon Senior Securities

None

Item 4.     (Removed and Reserved)

Item 5.     Other Information

None

Item 6.      Exhibits

Exhibit Number	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

7

SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SupportSave Solutions, Inc.
Date:	October 20, 2010
	By:       /s/ Christopher Johns                                                                               Christopher Johns Title:    Chief Executive Officer and Director

EX-31.1

CERTIFICATIONS

I, Christopher S. Johns, certify that;

1.   I have reviewed this quarterly report on Form 10-Q for the quarter ended August 31, 2010 of SupportSave Solutions, Inc. (the “registrant”);

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

c.   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report)that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.   The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 20, 2010

/s/ Christopher S. Johns

By:      Christopher S. Johns

Title:   Chief Executive Officer

EX-31.2

CERTIFICATIONS

I, Aina Mae Dumlao-Johns, certify that;

1.   I have reviewed this quarterly report on Form 10-Q for the quarter ended August 31, 2010 of SupportSave Solutions, Inc. (the “registrant”);

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

c.   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report)that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.   The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 20, 2010

/s/ Aina Mae Dumlao-Johns

By:      Aina Mae Dumlao-Johns

Title:   Chief Financial Officer

EX-32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND

CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly Report of SupportSave Solutions, Inc. (the “Company”) on Form 10-Q for the quarter ended August 31, 2010 filed with the Securities and Exchange Commission (the “Report”), We, Christopher Johns and Aina Mae Dumlao-Johns, Chief Executive Officer and Chief Financial Officer, respectively, of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.   The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

2.   The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and the consolidated result of operations of the Company for the periods presented.

By:	/s/ Christopher S. Johns
Name:	Christopher S. Johns
Title:	Principal Executive Officer and Director
Date:	October 20, 2010
By:	/s/ Aina Mae Dumlao-Johns
Name:	Aina Mae Dumlao-Johns
Title:	Principal Accounting Officer, Principal Financial Officer and Director
Date:	October 20, 2010

This certification has been furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.