UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2010~~2011

Commission File Number: 333-151312

THE CONNECT CORP.

(Exact name of registrant as specified in its charter)

Nevada

26-2230717

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

#203, 201 Cree Place, ~~Saskatoon,~~ Saskatchewan Canada

~~S7K 2Z3~~S9A 1J5

(Address of principal executive offices)

(Zip Code)

1-800-609-0775

(Registrant’s telephone number, including area code)

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

(Not required)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ] (Do not check if a smaller reporting company)	Smaller reporting company	[X]

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

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

As of ~~November~~ 17March 31, ~~2010~~2011, there were 55,500,000 common shares issued and outstanding

PART I – FINANCIAL STATEMENTS

Item 1. Financial Statements

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Financial Statements (Unaudited)

For the Period from April 27, 2007

(Inception) to ~~September~~March 3031, ~~2010~~2011

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Index to the Financial Statements (Unaudited)

For the Period from April 27, 2007

(Inception) to ~~September~~March 3031, ~~2010~~2011

Balance Sheets (Unaudited) as of ~~September~~March 3031, ~~2010~~2011 and December 31, ~~2009~~2010

Statements of Operations (Unaudited) for the three month ~~period~~periods ended,

~~September 30~~March 31, 2011 and 2010,; and for the ~~three month~~ period ~~ended~~from ~~September~~April 3027, ~~2009,~~2007 (Inception) to

~~and for~~March ~~the nine month period ended September 30~~31, ~~2010, and for the nine~~ 2011

month period ended September 30, 2009, and for the period from April 27, 2007 (Inception) to September 30, 2010 5

Statements of Cash Flows (Unaudited) for the nine month period ended September 30, 2010, and for the nine month period ended September 30, 2009, and for the period from

April 27, 2007 (Inception) to September 30, 2010

~~Notes~~Statement ~~to the~~of ~~Unaudited~~Changes ~~Financial~~in ~~Statements~~Stockholders’ ~~7-10~~Equity (Deficit) (Unaudited)

3 for the period from April 27, 2007 (Inception) to March 31, 2011

Statements of Cash Flows (Unaudited) for the three month periods ended,

March 31, 2011 and 2010; and for the period from April 27, 2007 (Inception) to March 31,

2011

Notes to the Unaudited Financial Statements

9-11

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Balance Sheets

	September 30, 2010	December 31, 2009
	March 31, 2011	December 31, 2010
	(Unaudited)
ASSETS	$ -	$ -
Total assets	$ -	$ -
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable	~~13,172~~339	115,~~200~~699
Total current liabilities	~~13,172~~339	115,~~200~~699
Stockholders' Deficit
Common stock, par value $0.001, 450,000,000 shares authorized, 55,500,000 shares issued and outstanding	55,500	55,500
Additional paid-in capital	(123,~~509)~~202	~~(18~~13,~~467)~~045
Deficit accumulated during the development stage	(6779,~~163~~041)	(4874,~~233~~244)
Total stockholders' deficit	(~~13,172~~339)	(115,~~200~~699)
Total liabilities and stockholders' deficit	$ -	$ -

See accompanying notes to the unaudited financial statements.

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Statements of Operations (Unaudited)

	For the Three Month Period Ended September 30, 2010	For the Three Month Period Ended September 30, 2009	For the Nine Month Period Ended September 30, 2010	For the Nine Month Period Ended September 30, 2009	For the Period From April 27, 2007 (Inception) to September 30, 2010
	For the Three Month Period Ended March 31, 2011	For the Three Month Period Ended March 31, 2010	For the Period from April 27, 2007 (Inception) to March 31, 2011
Revenues:	$ -	$ -	$ -	~~$ -~~	~~$ -~~
Operating expenses:
Exploration costs	-	-	-2,500	-	~~2,500~~
Selling, general and administrative	4,~~742~~797	45,~~092~~487	1876,~~930~~541	~~24,175~~	~~64,663~~
Operating loss before income taxes	(4,~~742~~797)	(45,~~092~~487)	(1879,~~930~~041)	~~(24,175)~~	~~(67,163)~~
Income tax (expense) benefit	-	-	-	-	-
Net loss available to common stockholders	$ (4,~~742~~797)	$ (45,~~092~~487)	$ (1879,~~930~~041)	~~$ (24,175)~~	~~$ (67,163)~~
Basic and diluted loss per common share	$ (0.00)	$ (0.00)	~~$ (0.00)~~	~~$ (0.00)~~
Weighted average shares outstanding	55,500,000	55,500,000	~~55,500,000~~	~~55,500,000~~

See accompanying notes to the unaudited financial statements.

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited)

For the Period from April 27, 2007 (Inception) to March 31, 2011


	Common Stock
	Shares	Amount	Additional Paid-In Capital	Deficit Accumulated During the Exploration Stage	Total Stockholders' Deficit

Balance, April 27, 2007 (Inception)	-	$ -	$ -	$ -	$ -

Common shares issued for cash, $0.001 per share, May 31, 2007	55,500,000	55,500	(46,250)	-	9,250
Loss during the period from April 27, 2007 (Inception) to December 31, 2007	-	-	-	(200)	(200)
Contributed capital	-	-	200	-	200
Balance, December 31, 2007	55,500,000	55,500	(46,050)	(200)	9,250
Loss for the year ended December 31, 2008	-	-	-	(22,396)	(22,396)
Mining expenses contributed by related party	-	-	2,500	-	2,500
Contributed capital	-	-	10,546	-	10,546
Balance, December 31, 2008	55,500,000	55,500	(33,004)	(22,596)	(100)
Loss for the year ended December 31, 2009	-	-		(25,637)	(25,637)
Contributed capital	-	-	14,537	-	14,537
Balance, December 31, 2009	55,500,000	55,500	(18,467)	(48,233)	(11,200)
Loss for the year ended December 31, 2010	-	-	-	(26,011)	(26,011)
Contributed capital	-	-	31,512	-	31,512
Balance, December 31, 2010	55,500,000	55,500	13,045	(74,244)	(5,699)
Loss for the three month period ended March 31, 2011	-	-	-	(4,797)	(4,797)
Contributed capital	-	-	10,157	-	10,157
Balance, March 31, 2011	55,500,000	$ 55,500	$ 23,202	$ (79,041)	$ (339)

See accompanying notes to the unaudited financial statements.

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Statements of Cash Flows (Unaudited)

	For the Nine Month Period Ended September 30, 2010	For the Nine Month Period Ended September 30, 2009	For the Period From April 27, 2007 (Inception) to September 30, 2010
	For the Three Month Period Ended March 31, 2011	For the Three Month Period Ended March 31, 2010	For the Period from April 27, 2007 (Inception) to March 31, 2011
Cash flows from operating activities:
Net loss	$ (184,~~930~~797)	$ (245,~~175~~487)	$ (6779,~~163~~041)
Adjustments to reconcile net loss to net cash used in operating activities:
Mining expense contributed to paid-in capital	-	-	2,500
Mining expense contributed by related party			2,500
Change in operating liabilities:
Increase (decrease) in accounts payable	1(5,~~972~~360)	5(4,~~620~~770)	~~13,172~~339
Net cash used in operating activities	(1610,~~958~~157)	(1810,~~555~~257)	(5176,~~491~~202)
Cash flows from investing activities:	$ -	$ -	$ -
Net cash provided by investing activities	$ -	$ -	$ -
Cash flows from financing activities:
Cash received from stock subscriptions receivable	-	-	9,250
Contributed capital	1610,~~958~~157	1810,~~555~~257	4266,~~241~~952
Net cash provided by financing activities	1610,~~958~~157	1810,~~555~~257	5176,~~491~~202
Net increase in cash	$ -	$ -	$ -
Cash at beginning of period	$ -	$ -	$ -
Cash at end of period	$ -	$ -	$ -
Supplemental Disclosures:
Cash paid for interest	$ -	$ -	$ -
Cash paid for income taxes	$ -	$ -	$ -

See accompanying notes to the unaudited financial statements.

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Period from April 27, 2007 (Inception) to ~~September~~March 3031, ~~2010~~2011

ORGANIZATION

Formerly known as Adicus Energy Corporation, the Company was incorporated on April 27, 2007 in the State of Nevada. In February, 2009, the Company changed its name to The Connect Corporation (see Note 4). The Company’s headquarters are based in the state of Saskatoon, Saskatchewan Canada. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is December 31.

Formerly an exploration stage company that primarily engaged in the acquisition, exploration, and development of resource properties, the Company is currently a development stage company that seeks to identify organizations that have attained critical mass thresholds of members, affiliates, and customers with established electronic communication and delivery systems. The Company provides value added benefits to these organizations that can significantly enhance the financial well being through the cost effective electronic installation of the Net Savings Connection web based savings system. To date, the Company’s activities have been limited to its formation, minimal operations, and the raising of equity capital.

DEVELOPMENT STAGE COMPANY

The Company is considered to be in the development stage as defined in ASC 915 “Accounting and Reporting by Development Stage Enterprises.” The Company’s efforts have been devoted primarily to raising capital, borrowing funds and attempting to implement its planned, principal activities.

SIGNIFICANT ACCOUNTING POLICIES

USE OF ESTIMATES

The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Period from April 27, 2007 (Inception) to ~~September~~March 3031, ~~2010~~2011

SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

USE OF ESTIMATES

during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In June 2009, the FASB established the Accounting Standards Codification (“Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, ~~and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.~~

and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.

Statement of Financial Accounting Standards (“SFAS”) No. 165 (ASC Topic 855), “Subsequent Events,” SFAS No. 166 (ASC Topic 810), “Accounting for Transfers of Financial Assets-an Amendment of FASB Statement No. 140,” SFAS No. 167 (ASC Topic 810), “Amendments to FASB Interpretation No. 46(R),” and SFAS No. 168 (ASC Topic 105), “The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles- a replacement of FASB Statement No. 162” were recently issued. SFAS No. 165, 166, 167, and 168 have no current applicability to the Company or their effect on the financial statements would not have been significant.

Accounting Standards Update (“ASU”) ASU No. 2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures – Overall, ASU No. 2009-13 (ASC Topic 605), Multiple Deliverable Revenue Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software Elements, and various other ASU’s No. 2009-2 through ASU No. ~~2010~~2011-2604 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no ~~current applicability to the Company or their effect on the financial statements would not have been significant.~~

810

The Connect Corporation

(Formerly Iron Head Mining Corporation)

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Period from April 27, 2007 (Inception) to ~~September~~March 3031, ~~2010~~2011

SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

~~Although the~~current ~~Company’s~~applicability ~~primary~~to ~~operations are based in Canada,~~ the Company’s ~~functional and~~or ~~reporting~~their ~~currency~~effect ison the ~~U.S.~~financial ~~dollar. Any~~statements ~~transactions~~would ~~initiated~~not ~~in Canadian~~have ~~dollars~~been ~~are translated into U~~significant.~~S. dollars in accordance with SFAS No. 52 (ASC Topic 830), "Foreign Currency Translation" as follows:~~

i) Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date.

ii) Equity at historical rates.

iii) Revenue and expense items at the average rate of exchange prevailing during the period.

Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income.

For foreign currency transactions, the Company translates these amounts to the Company’s functional currency at the exchange rate effective on the invoice date. If the exchange rate changes between the time of purchase and the time actual payment is made, a foreign exchange transaction gain or loss results which is included in determining net income for the period.

No significant realized exchange gain or losses were recorded from April 27, 2007 (Inception) to September 30, 2010.

GOING CONCERN AND LIQUIDITY CONSIDERATIONS

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of ~~September~~March 3031, ~~2010~~2011, the Company has negative working capital of $~~13,172~~339 and an accumulated deficit totaling $6779,~~163~~041. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, successfully implement its newly adopted business plan and realize profitability, as well as recurring operating cash flows. In response to these factors, management intends to raise additional funds through public or private placement offerings, and to expedite to the extent possible the implementation of its newly adopted business plan.

The Connect Corporation

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Period from April 27, 2007 (Inception) to September 30, 2010

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (CONTINUED)

successfully implement its newly adopted business plan and realize profitability, as well as recurring operating cash flows. In response to these factors, management intends to raise additional funds through public or private placement offerings, and to expedite to the extent possible the implementation of its newly adopted business plan.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

47)

SUBSEQUENT EVENTS

The Company has evaluated its subsequent events from the balance sheet date through the date of this report and determined there are no additional events to disclose.

1011

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

The Connect Corp. is a Nevada corporation originally incorporated as Adicus Energy Corp. on April 27, 2007. We changed our name on October 16, 2007, to Iron Head Mining Corporation. On March 17, 2009, we filed a Certificate of Amendment changing our name to The Connect Corp.

Our previous business focus was on mineral exploration. In January 2008, we obtained an option to acquire a 100% interest in a mineral claim located in the Smithers Mining Region in the Province of British Columbia, Canada. The option was terminated due to our inability to meet option payment and exploration cost requirements. Since that time, the Company has undergone a revision to its business plan.

Since the adoption of its revised business plan, the Company has continued to focus its efforts on the raising of equity capital for the completion and launch of its web-based membership savings system, which will offer families options to reduce their monthly spending. Through the savings website, members will have access to discounts, sales, and other venues for saving on purchases. Vendors will supply these savings to ~~Members~~members and pay Connect Corp. a commission. Products available through the website will include everything from groceries to dining, travel, shopping, banking, and more everyday expenses.

The target customers will be both individuals and large businesses, the latter of which can offer the savings to employees as a fringe benefit. The cost to the employer will be small per employee, but the employee will be entitled to savings from manufacturers, retailers, and other businesses. We will collect fees from both businesses, individuals who sign up for membership, as well as businesses that offer discounts through the website.

As of ~~September~~March 3031, ~~2010~~ 2011, the Company had not generated any revenues. Since inception, the Company had incurred expenses of $6779,~~163~~041, consisting ~~solely~~primarily of ~~mining~~exploration costs, selling, ~~and~~ general and administrative expenses. For the three month period ended ~~September~~ 30March 31, ~~2010~~2011, the Company had expenses of $4,~~742~~797, compared to $45,~~092~~487 for ~~the~~ ~~same period in 2009. For~~ the ~~nine-month period ended September 30, 2010, the Company had expenses totaling $18,930, compared to $24,175 for the~~ same period in ~~2009~~2109.

Over the next 12 months, it is expected that we will need approximately $50,000 to meet our expenses. Expenses include legal and accounting fees, salaries and general and administrative expenses. In order to develop its business plan, the Company will be required to raise capital through the sale of equity, the issuance of debt or a combination of both. The failure to raise capital may result in curtailing the development of its business plan, or potentially the failure to continue the Company’s operations.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

1112

Item 4(T). Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer conducted an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures, as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Exchange Act. Based upon his evaluation as of ~~September~~March 3031, ~~2010~~2011, he concluded that those disclosure controls and procedures are effective.

Internal Control over Financial Reporting

There have been no changes in the Company's internal control over financial reporting during the quarter ended ~~September~~March 3031, ~~2010~~2011, that have materially affected, or are reasonably likely to affect, the Company's internal control over financial reporting.

PART II – OTHER INFORMATION

Item 6. Exhibits

The following exhibits are incorporated into this Form 10-Q Quarterly Report:


Exhibit No.	Description
31.1	Certifications of Chief Financial Officer and Principal Executive Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934
32.1	Certification of Chief Financial Officer and Principal Executive Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

THE CONNECT CORP.

Date ~~November~~ 17May 19, ~~2010~~2011

/s/ Ken Waters

Ken Waters, Chairman, Principal Financial Officer, Principal Executive Officer

Filing Compare · IFCI INTERNATIONAL CORP.