UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


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

For the quarterly period ended ~~December~~March 31, ~~2010~~2011


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

For the transition period from ___________ to ___________

Commission file number 333-154931

BuyRite Club Corp.

(Exact name of registrant as specified in its charter)


Florida		26-3290093
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)


7076 Spyglass Avenue, Parkland, Florida		33076
(Address of principal executive offices)		(Zip Code)

(954) 599-3672

(Issuer’s telephone number, including area code)

Not Applicable

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

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 requirements for the past 90 days. Yes þ No o

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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No þ

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 definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


	Large accelerated filer	o	Accelerated filer	o
	Non-accelerated filer	o	Smaller reporting company	þ
(Do not check if a 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 o No þ

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

Class		Outstanding at ~~January~~April 1022, 2011
Common Stock, $0.0001		625,000 shares
Preferred Stock, $0.001		0

BUYRITE CLUB CORP.

TABLE OF CONTENTS

PAGE Part I Financial Information 3 Item 1. Financial Statements 3 Condensed Balance Sheets at ~~December~~March 31, ~~2010~~2011 (unaudited) and September 30, 2010 (audited) 3 Condensed Statements of Operations for the three months ended ~~December~~March 31, ~~2010~~2011 and ~~2009~~2010 and the cumulative period from August 31, 2008 (inception) through ~~December~~March 31, ~~2010~~2011 4 Condensed Statements of Shareholders' Equity/(Deficit) from August 31, 2008 (inception) through ~~December~~March 31, ~~2010~~2011 5 Condensed Statements of Cash Flows for the three months ended ~~December~~March 31, ~~2010~~2011 and ~~2009~~2010 and the cumulative period from August 31, 2008 (inception) through ~~December~~March 31, ~~2010~~2011 6 Notes to Condensed Financial Statements 7 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3. Quantitative and Qualitative Disclosures About Market Risk 14 Item 4T. Controls and Procedures 14 Part II Other Information 15 Item 1. Legal Proceeding. 15 Item 1A. Risk Factors. 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 15 Item 3. Defaults Upon Senior Securities. 15 Item 4. (Removed and Reserved). 15 Item 5. Other Information. 15 Item 6. Exhibits. 15

~~PART~~BUYRITE ICLUB ~~FINANCIAL INFORMATION~~CORP.

~~Item~~(A 1.DEVELOPMENT ~~Financial~~STAGE ~~Statements~~COMPANY)

~~BUYRITE~~CONDENSED ~~CLUB~~BALANCE ~~CORP~~SHEET

(A DEVELOPMENT STAGE COMPANY)


ASSETS
	Unaudited			Audited
	March 31, 2011			September 30, 2010
CURRENT ASSETS:
Cash and equivalents	$	1		$	1
Total Current Assets		1			1

OTHER ASSETS:
Intellectual assets, net		—			3,000

Total Assets	$	1		$	3,001

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES:
Accounts payable	$	—		$	—
Accrued expenses		650			4,870
Accrued interest payable		131			—
Loans from related parties		10,598			1,978
Total Liabilities		11,379			6,848

STOCKHOLDERS' EQUITY (DEFICIT):
Common stock , par value $.001; 500,000,000 shares authorized; 625,000 shares issued as of March 31, 2011 and September 30, 2010	$	63		$	63
Additional paid in capital		48,937			48,937
Deficit accumulated during the development stage		(60,378	)		(52,847	)
Total Stockholders' Equity		(11,378	)		(3,847	)

Total Liabilities and Stockholders' Equity	$	1		$	3,001

~~CONDENSED~~The ~~BALANCE~~accompanying ~~SHEET~~notes are an integral part of these statements.

	Unaudited			Audited
	December 31, 2010			September 30, 2010
ASSETS
CURRENT ASSETS:
Cash and equivalents	$	1		$	1
Total Current Assets		1			1
OTHER ASSETS:
Intellectual assets, net		2,250			3,000
Total Assets	$	2,251		$	3,001
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
CURRENT LIABILITIES:
Accounts payable	$	—		$	—
Accrued expenses		1,500			4,870
Accrued interest payable		46			—
Loans from related parties		8,348			1,978
Total Liabilities		9,894			6,848
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued at December 31, 2010 and September 30, 2010		—			—
Common stock , par value $.0001; 500,000,000 shares authorized; 625,000 shares issued as of December 31, 2010 and September 30, 2010	$	63		$	63
Additional paid in capital		48,937			48,937
Deficit accumulated during the development stage		(56,643	)		(52,847	)
Total Stockholders' Equity/(Deficit)		(7,643	)		(3,847	)
Total Liabilities and Stockholders' Equity/(Deficit)	$	2,251		$	3,001

~~The~~BUYRITE ~~accompanying~~CLUB ~~notes are an integral part of these statements~~CORP.

3(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~CONDENSED ~~CLUB~~STATEMENTS ~~CORP~~OF OPERATIONS

(AFor ~~DEVELOPMENT~~the ~~STAGE~~Period ~~COMPANY~~August 31, 2008 (inception) through March 31, 2011

~~CONDENSED STATEMENTS OF OPERATIONS~~(Unaudited)

For the Period August 31, 2008 (inception) through December 31, 2010


													Cumulative from
	For the three			For the three			For the six			For the six			August, 2008
	months ended			months ended			months ended			months ended			(inception) through
	March 31, 2011			March 31, 2010			March 31, 2011			March 31, 2010			March 31, 2011

Net Sales	$	—		$	—		$	—		$	—		$	—

Cost of Sales		—			—			—			—			—

Gross Profit		—			—			—			—			—

Operating Expenses:
Legal and Accounting		650			500			2,150			2,000			33,888
Consulting		—			—			—			—			7,486
General and Administrative		750			500			2,250			1,000			9,700
Amortization		2250			750			3,000			1,500			9,000

Total Operating Expenses		3,650			1,750			7,400			4,500			60,074

Operating Loss		(3,650	)		(1,750	)		(7,400	)		(4,500	)		(60,074	)

Other income/expenses:
Interest expense		(85	)		—			(131	)		—			(304	)
Total Other Income/ (Expenses)		(85	)		—			(131	)		—			(304	)

Net (loss) before Income Taxes		(3,735	)		(1,750	)		(7,531	)		(4,500	)		(60,378	)

Provision for Income Taxes		—			—			—			—			—

Net (loss)	$	(3,735	)	$	(1,750	)	$	(7,531	)	$	(4,500	)	$	(60,378	)

Basic and diluted net loss per common share	$	0.006		$	0.003		$	0.010		$	0.008

Weighted average number of common shares outstanding		625,000			600,000			625,000			600,000

~~(Unaudited)~~The accompanying notes are an integral part of these statements.

							Cumulative from
	For the three			For the three			August 31, 2008
	months ended			months ended			(inception) thru
	December 31, 2010			December 31, 2009			December 31, 2010
Net Sales	$	—		$	—		$	—
Cost of Sales		—			—			—
Gross Profit		—			—			—
Operating Expenses:
Legal and Accounting		1,500			1,500			33,238
Consulting		0			0			7,486
General and Administrative		1,500			500			8,950
Amortization		750			750			6,750
Total Operating Expenses		3,750			2,750			56,424
Operating Loss		(3,750	)		(2,750	)		(56,424	)
Other income/expenses:
Interest expense		(46	)		—			(219	)
Total Other Income/ (Expenses)		(46	)		—			(219	)
Net (loss) before Income Taxes		(3,796	)		(2,750	)		(56,643	)
Provision for Income Taxes		—			—			—
Net (loss)	$	(3,796	)	$	(2,750	)	$	(56,643	)
Basic and diluted net loss per common share	$	(0.006	)	$	(0.005	)
Weighted average number of common shares outstanding		625,000			600,000

~~The~~BUYRITE ~~accompanying~~CLUB ~~notes are an integral part of these statements~~CORP.

4(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~STATEMENT ~~CLUB~~OF ~~CORP~~STOCKHOLDERS' EQUITY

(AFor ~~DEVELOPMENT~~the ~~STAGE~~Period ~~COMPANY~~August 31, 2008 (inception) through March 31, 2011

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY/(DEFICIT)


				Additional		Accumulated			Total
	Common Stock			Paid in		(Deficit) During			Stockholders'
Par Value of $0.001	Shares	Amount		Capital		Development Stage			Equity

Balance at August 31, 2008 (date of inception)	—	$	—	$	—	$	—		$	—

Common Stock issued for subscription agreement	450,000		45		8,955		—			9,000

Net (loss) for the period ending September 30, 2008	—		—		—		(400	)		(400	)

Balance at September 30, 2008	450,000		45		8,955		(400	)		8,600

Common shares issued for services February 28, 2009	94,000		9		18,791		—			18,800

Common shares issued for cash February 28, 2009	56,000		6		11,194		—			11,200

Net (loss) for the twelve month period ending September 30, 2009	—		—		—		(38,599	)		(38,599	)

Balance at September 30, 2009	600,000		60		38,940		(38,999	)		1

Common shares issued for liabilities at June 22, 2010	25,000		3		9,997		—			10,000

Net (loss) for the twelve month period ending September 30, 2010	—		—		—		(13,848	)		(13,848	)

Balance at September 30, 2010	625,000	$	63	$	48,937	$	(52,847	)	$	(3,847	)

Net (loss) for the three month period ending December 31, 2010	—		—		—		(3,796	)		(3,796	)

Balance at December 31, 2010	625,000	$	63	$	48,937	$	(56,643	)	$	(7,643	)

Net (loss) for the three month period ending March 31, 2011	—		—		—		(3,735	)		(3,735	)

Balance at March 31, 2011	625,000	$	63	$	48,937	$	(60,378	)	$	(11,378	)

~~For~~The ~~the~~accompanying ~~Period~~notes ~~August~~are ~~31,~~an ~~2008~~integral ~~(inception)~~part ~~through~~of ~~December~~these ~~31, 2010~~statements.

				Additional		Accumulated			Total
	Common Stock			Paid in		(Deficit) During			Stockholders'
Par Value of $0.0001	Shares	Amount		Capital		Development Stage			Equity/(Deficit)
Balance at August 31, 2008 (date of inception)	—	$	—	$	—	$	—		$	—
Common Stock issued for subscription agreement	450,000		45		8,955		—			9,000
Net (loss) for the period ending September 30, 2008	—		—		—		(400	)		(400	)
Balance at September 30, 2008	450,000		45		8,955		(400	)		8,600
Common shares issued for services February 28, 2009	94,000		9		18,791		—			18,800
Common shares issued for cash February 28, 2009	56,000		6		11,194		—			11,200
Net (loss) for the twelve month period ending September 30, 2009	—		—		—		(38,599	)		(38,599	)
Balance at September 30, 2009	600,000		60		38,940		(38,999	)		1
Common shares issued for liabilities at June 22, 2010	25,000		3		9,997		—			10,000
Net (loss) for the twelve month period ending September 30, 2010	—		—		—		(13,848	)		(13,848	)
Balance at September 30, 2010	625,000	$	63	$	48,937	$	(52,847	)	$	(3,847	)
Net (loss) for the three month period ending December 31, 2010	—		—		—		(3,796	)		(3,796	)
Balance at December 31, 2010	625,000	$	63	$	48,937	$	(56,643	)	$	(7,643	)

~~The~~BUYRITE ~~accompanying~~CLUB ~~notes are an integral part of these statements~~CORP.

5(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~CONDENSED ~~CLUB~~STATEMENTS ~~CORP~~OF CASH FLOWS

(AFor ~~DEVELOPMENT~~the ~~STAGE~~Period ~~COMPANY~~August 31, 2008 (inception) through March 31, 2011

CONDENSED STATEMENTS OF CASH FLOWS


							Cumulative from
	For the six			For the six			August 31, 2008
	months ended			months ended			(Inception) through
	March 31, 2011			March 31, 2010			March 31, 2011
OPERATING ACTIVITIES:
Net loss	$	(7,531	)	$	(4,587	)	$	(60,378	)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase in amortization		3,000			1,500			9,000
Issuance of common stock for services		—			—			20,400
Issuance of common stock for interest		—			—			173
Changes in operating assets and liabilities:
Increase/(Decrease) in accrued expenses		(4,220	)		(3,458	)		650

Net cash used in operating activities		(8,751	)		(6,545	)		(30,155	)

FINANCING ACTIVITIES:
Issuance of common stock for cash		—			—			11,200
Increase in accrued interest payable		131			87			131
Loans payable - related parties		8,620			6,500			18,824

Net cash provided by (used in) financing activities		8,751			6,587			30,155

NET INCREASE IN CASH		—			42			—

CASH BEGINNING BALANCE		1			51			1

CASH ENDING BALANCE	$	1		$	93		$	1

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Taxes paid	$	—		$	—		$	—
Interest paid	$	—		$	—		$	—

CASH TRANSACTIONS AFFECTING OPERATING, INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock for subscription agreement	$	—		$	—		$	—

~~For~~The ~~the~~accompanying ~~Period~~notes ~~August~~are ~~31,~~an ~~2008~~integral ~~(inception)~~part ~~through~~of ~~December~~these ~~31, 2010~~statements.

							Cumulative from
	For the three			For the three			August 31, 2008
	Months ended			months ended			(Inception) through
	December 31, 2010			December 31, 2009			December 31, 2010
OPERATING ACTIVITIES:
Net loss	$	(3,796	)	$	(2,750	)	$	(56,643	)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase in amortization		750			750			6,750
Issuance of common stock for services		—			—			20,400
Issuance of common stock for interest		—			—			173
Changes in operating assets and liabilities:
Increase/(Decrease) in accrued expenses		(3,370	)		(1,408	)		1,500
Net cash used in operating activities		(6,416	)		(3,408	)		(27,820	)
FINANCING ACTIVITIES:
Issuance of common stock for cash		—			—			11,200
Increase in accrued interest payable		46			—			46
Loans payable - related parties		6,370			3,450			16,575
Net cash provided by (used in) financing activities		6,416			3,450			27,821
NET INCREASE IN CASH		—			42			1
CASH BEGINNING BALANCE		1			51			—
CASH ENDING BALANCE	$	1		$	93		$	1
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Taxes paid	$	—		$	—		$	—
Interest paid	$	—		$	—		$	—
NON-CASH TRANSACTIONS AFFECTING OPERATING, INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock for subscription agreement	$	—		$	—		$	9,000
Issuance of common stock for debt	$	—		$	—		$	8,227

~~The~~BUYRITE ~~accompanying~~CLUB ~~notes are an integral part of these statements~~CORP.

6(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~NOTES ~~CLUB~~TO ~~CORP~~CONDENSED FINANCIAL STATEMENTS

(ANOTE ~~DEVELOPMENT~~1 ~~STAGE~~– ~~COMPANY)~~NATURE OF OPERATIONS AND BASIS OF PRESENTATION

~~NOTES~~BuyRite TOClub ~~CONDENSED~~Corp. ~~FINANCIAL~~(“Company”) ~~STATEMENTS~~is in the initial development stage commencing development operations in September, 2008 and has incurred losses since inception totaling ($60,342). The Company is a development stage company incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") and sell memberships to individuals to join into a membership club whereby savings through merchant purchases. The members will earn their savings by purchasing products through the independent merchants whereby accumulating those savings through membership points.

~~NOTE~~The 1accompanying –unaudited ~~NATURE~~interim OFfinancial ~~OPERATIONS~~statements ~~AND~~have ~~BASIS~~been OFprepared ~~PRESENTATION~~in accordance with the rules and regulations of the Securities and Exchange Commission for the presentation of interim financial information, but do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The audited financial statements for the period August 31, 2008 (inception) through September 30, 2010 were filed on November 30, 2010 with the Securities and Exchange Commission and are hereby referenced. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2011 and for the period August 31, 2008 (inception) through March 31, 2011 are not necessarily indicative of the results that may be expected for the year ended September 30, 2011.

~~BuyRite~~NOTE ~~Club~~2 ~~Corp.~~– ~~(“Company”)~~SUMMARY isOF inSIGNIFICANT ~~the~~ACCOUNTING initial development stage commencing development operations in September, 2008 and has incurred losses since inception totaling $56,643. The Company is a development stage company incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") and sell memberships to individuals to join into a membership club whereby savings through merchant purchases can be earned for over 850 distinct merchants and over 100 gift cards. The members earn their savings by purchasing products through the independent merchants and gift cards whereby accumulating those savings through membership points.POLICIES

~~The~~Basis ~~accompanying unaudited interim financial statements have been prepared in accordance with the rules and regulations~~ of ~~the~~ Securities and Exchange Commission for the presentation of interim financial information, but do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The audited financial statements for the period August 31, 2008 (inception) through September 30, 2010 were filed on November 30, 2010 with the Securities and Exchange Commission and are hereby referenced. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended December 31, 2010 and for the period August 31, 2008 (inception) through December 31, 2010 are not necessarily indicative of the results that may be expected for the year ended September 30, 2011.Presentation

~~NOTE~~The 2financial –statements ~~SUMMARY~~present OFthe ~~SIGNIFICANT~~balance ~~ACCOUNTING~~sheet, ~~POLICIES~~statements of operations, stockholders’ equity and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.

~~Basis~~Development ofStage ~~Presentation~~Company

The ~~financial~~Company ~~statements~~has ~~present~~not ~~the~~earned ~~balance~~any ~~sheet,~~revenue ~~statements~~from of operations. Accordingly, ~~stockholders~~the Company’s ~~equity~~activities ~~and~~have ~~cash~~been ~~flows~~accounted for as those of ~~the~~a ~~Company~~“Development Stage Enterprise” as set forth in ASC Topic 915. Among ~~These~~the disclosures required by ASC 915 are that the Company’s financial statements ~~are~~be ~~presented~~identified inas ~~United~~those ~~States~~of ~~dollars~~a development stage company, and ~~have~~that ~~been~~the ~~prepared~~statements inof ~~accordance~~operations, ~~with~~stockholders’ ~~accounting~~equity/(deficit) ~~principles~~and ~~generally~~cash ~~accepted~~flows indisclose activity since the ~~United~~date ~~States~~of the Company’s inception.

~~Development~~Use ~~Stage~~of ~~Company~~Estimates and Assumptions

~~The~~Preparation ~~Company~~of ~~has not earned any revenue from operations. Accordingly,~~ the ~~Company’s~~financial ~~activities~~statements ~~have~~in ~~been~~conformity ~~accounted~~with ~~for~~accounting asprinciples ~~those~~generally ofaccepted ~~a “Development Stage Enterprise” as set forth~~ in ~~ASC~~the ~~Topic~~United ~~915. Among~~States ~~the~~requires ~~disclosures~~management ~~required~~to bymake ~~ASC~~estimates ~~915~~and ~~are~~assumptions that ~~the~~affect ~~Company’s~~certain ~~financial~~reported ~~statements~~amounts ~~be identified as those of a development stage company,~~ and ~~that the statements of operations~~disclosures. Accordingly, ~~stockholders’~~actual ~~equity/(deficit)~~results ~~and~~could ~~cash~~differ ~~flows~~from ~~disclose~~those ~~activity since the date of the Company’s inception~~estimates.

~~Use~~Cash ~~of Estimates~~ and ~~Assumptions~~Cash Equivalents

~~Preparation~~For purposes of the ~~financial~~statement ~~statements~~of incash ~~conformity~~flows, ~~with accounting principles generally accepted in~~ the ~~United~~Company ~~States~~considers ~~requires~~highly ~~management~~liquid tofinancial ~~make~~instruments ~~estimates~~purchased ~~and~~with ~~assumptions~~a ~~that~~maturity ~~affect~~of ~~certain~~three ~~reported~~months ~~amounts~~or ~~and~~less ~~disclosures. Accordingly,~~to ~~actual~~be ~~results~~cash ~~could differ from those estimates~~equivalents.

~~Cash~~Intellectual ~~and Cash Equivalents~~Property

~~For~~On ~~purposes~~September of5, 2008, the ~~statement~~company entered into a purchase agreement to acquire the intellectual property of ~~cash~~BUYRITECLUBCORP ~~flows,~~including the ~~Company~~web ~~considers~~domain ~~highly~~name ~~liquid~~(www.buyriteclub.com) ~~financial~~from ~~instruments~~a ~~purchased~~related party including the developed concept and web design. The purchase price was for $9,000 payable with athe ~~maturity~~issuance of ~~three~~the ~~months~~Company's orcommon ~~less~~share toat be$0.001 ~~cash~~per ~~equivalents~~share and closed on September 15, 2008.

~~Intellectual~~The ~~Property~~Company has capitalized costs of the acquired intellectual properties consisting of $9,000 and begins amortizing intellectual property costs, using the straight-line method over the estimated useful life of 3 years, once it was put in service.

On September 5, 2008, the company entered into a purchase agreement to acquire the intellectual property of BUYRITECLUBCORP including the web domain name (www.buyriteclub.com) from a related party including the developed concept and web design. The purchase price was for $9,000 payable with the issuance of the Company's common share at $0.001 per share and closed on September 15, 2008.7

~~The~~BUYRITE ~~Company~~CLUB has capitalized costs of the acquired intellectual properties consisting of $9,000 and begins amortizing intellectual property costs, using the straight-line method over the estimated useful life of 3 years, once it was put in serviceCORP.

7(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~NOTES ~~CLUB~~TO ~~CORP~~CONDENSED FINANCIAL STATEMENTS

(AFair ~~DEVELOPMENT STAGE COMPANY)~~Value

~~NOTES~~In TOaccordance ~~CONDENSED~~with ~~FINANCIAL~~the ~~STATEMENTS~~requirements of ASC Topic 820, the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments.

~~Fair~~Income ~~Value~~Taxes

InThe ~~accordance~~Company ~~with~~follows the ~~requirements~~liability method of accounting for income taxes in accordance with ASC Topic ~~820,~~740. Deferred tax assets and liabilities are recognized for the ~~Company~~future ~~has~~tax ~~determined~~consequences attributable to differences between the ~~estimated~~financial ~~fair~~statement ~~value~~carrying amounts of ~~financial~~existing ~~instruments~~assets ~~using~~and ~~available~~liabilities ~~market~~and ~~information~~their respective tax balances. Deferred tax assets and ~~appropriate~~liabilities ~~valuation~~are ~~methodologies~~measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. ~~The~~Deferred ~~fair~~tax ~~value~~assets are reduced by a valuation allowance when, in the opinion of ~~financial~~management, ~~instruments~~it ~~classified~~is asmore ~~current~~likely ~~assets~~than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities ~~approximate~~of ~~their~~a ~~carrying~~change ~~value~~in ~~due~~tax torates is recognized in income in the ~~short-term~~period ~~maturity~~that ofincludes the ~~instruments~~date of enactment or substantive enactment.

~~Income~~Revenue ~~Taxes~~and Cost Recognition

The Company ~~follows~~has ~~the~~no ~~liability~~current ~~method~~source of ~~accounting for income taxes in accordance with ASC Topic 740~~revenue. ~~Deferred~~The ~~tax~~Company ~~assets~~recognizes ~~and~~revenue ~~liabilities~~based ~~are~~on ~~recognized~~Account ~~for~~Standards ~~the~~Codification ~~future~~(“ASC”) ~~tax~~605 ~~consequences~~“Revenue ~~attributable~~Recognition” towhich ~~differences~~contains ~~between~~Securities ~~the financial statement carrying amounts of existing assets~~ and ~~liabilities~~Exchange ~~and~~Commission ~~their~~Staff ~~respective~~Accounting ~~tax~~Bulletin ~~balances~~No. ~~Deferred~~ 101, ~~tax~~“Revenue ~~assets~~Recognition ~~and~~in ~~liabilities~~Financial ~~are~~Statements’ ~~measured~~and ~~using~~No. 104, ~~enacted~~“Revenue orRecognition”. ~~substantially~~In ~~enacted~~all ~~tax~~cases, ~~rates~~revenue ~~expected~~is torecognized ~~apply~~only towhen the ~~taxable~~price ~~income~~is infixed ~~the years in which those differences are expected to be recovered~~ or ~~settled. Deferred~~determinable, ~~tax~~persuasive ~~assets~~evidence ~~are~~of ~~reduced~~an byarrangement ~~a valuation allowance when~~exists, inshipment ~~the~~has ~~opinion of management~~occurred, itprice is ~~more~~fixed ~~likely~~or ~~than~~determinable ~~not~~and ~~that~~collectability ~~some portion or all~~ of the ~~deferred~~resulting ~~tax~~receivable ~~assets~~is ~~will~~reasonably ~~not~~assured. beRevenues ~~realized. The~~transacted ~~effect~~from on-line ~~deferred~~platforms ~~tax~~are ~~assets and liabilities of a change in tax rates is~~ recognized inat ~~income in~~ the ~~period~~point ~~that includes the date~~ of ~~enactment or substantive enactment~~sale.

~~Revenue~~The Cost of Sales includes any labor cost and ~~Cost~~the ~~Recognition~~amortization of intellectual property.

The Company has no current source of revenue. The Company recognizes revenue based on Account Standards Codification (“ASC”) 605 “Revenue Recognition” which contains Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements’ and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, shipment has occurred, price is fixed or determinable and collectability of the resulting receivable is reasonably assured. Revenues transacted from on-line platforms are recognized at the point of sale. Advertising

The ~~Cost~~company ofexpenses ~~Sales~~advertising ~~includes~~as ~~any~~incurred. The ~~labor~~company ~~cost~~has ~~and~~had ~~the~~no ~~amortization~~advertising ofsince ~~intellectual property~~inception.

~~Advertising~~Property

The ~~company~~Company ~~expenses~~does ~~advertising~~not asown ~~incurred. The~~or ~~company~~lease ~~has~~any ~~had~~real ~~no advertising since inception~~property.

~~Property~~Net Loss per Share

~~The~~Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not ~~own~~have orany ~~lease~~potentially ~~any~~dilutive ~~real~~securities, ~~property~~the accompanying presentation is only of basic loss per share.

~~Net~~Foreign ~~Loss~~Currency ~~per Share~~Translation

~~Basic~~The ~~loss~~financial ~~per~~statements ~~share~~are ~~includes~~presented noin ~~dilution~~United ~~and~~States isdollars. ~~computed~~In byaccordance ~~dividing~~with ~~loss~~ASC ~~available~~Topic 830, "Foreign Currency Translation", foreign denominated monetary assets and liabilities are translated to ~~common~~their ~~stockholders~~United byStates ~~the~~dollar ~~weighted~~equivalents ~~average~~using ~~number~~foreign ofexchange ~~common~~rates ~~shares~~which ~~outstanding~~prevailed ~~for~~at the ~~period~~balance sheet date. ~~Dilutive~~Non-monetary ~~loss~~assets ~~per~~and ~~share~~liabilities ~~reflects~~are translated at exchange rates prevailing at the ~~potential~~transaction ~~dilution~~date. ofRevenue ~~securities~~and ~~that~~expenses ~~could~~are ~~share~~translated inat ~~the~~average ~~losses~~rates of exchange during the ~~Company~~periods presented. ~~Because~~Related ~~the~~translation ~~Company~~adjustments ~~does~~are ~~not~~reported ~~have~~as ~~any~~a ~~potentially~~separate ~~dilutive~~component ~~securities~~of stockholder’s equity (deficit), ~~the~~whereas ~~accompanying~~gains ~~presentation~~or islosses ~~only~~resulting offrom ~~basic~~foreign ~~loss~~currency ~~per~~transactions ~~share~~are included in results of operations.

~~Foreign Currency Translation~~8

~~The~~BUYRITE ~~financial~~CLUB ~~statements are presented in United States dollars~~CORP. In accordance with ASC Topic 830, "Foreign Currency Translation", foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the periods presented. Related translation adjustments are reported as a separate component of stockholder’s equity (deficit), whereas gains or losses resulting from foreign currency transactions are included in results of operations.

8(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~NOTES ~~CLUB~~TO ~~CORP~~CONDENSED FINANCIAL STATEMENTS

(AStock-based ~~DEVELOPMENT STAGE COMPANY)~~Compensation

~~NOTES~~The TOCompany ~~CONDENSED~~has ~~FINANCIAL~~not ~~STATEMENTS~~adopted a stock option plan and has not granted any stock options. Accordingly, no stock-based compensation has been recorded to date.

~~Stock-based~~Share ~~Compensation~~Based Expenses

~~The~~In ~~Company~~accordance ~~has~~with ~~not~~ASC ~~adopted~~Topic 230, this statement requires a ~~stock~~public ~~option~~entity ~~plan~~to expense the cost of employee services received in exchange for an award of equity instruments. This statement also provides guidance on valuing and ~~has~~expensing ~~not~~these ~~granted~~awards, ~~any~~as ~~stock~~well ~~options~~as disclosure requirements of these equity arrangements. ~~Accordingly,~~The noCompany ~~stock-based~~adopted ~~compensation~~ASC ~~has~~Topic ~~been~~230 ~~recorded~~upon tocreation ~~date~~of the company and expenses share based costs in the period incurred.

~~Share~~Related ~~Based Expenses~~Parties

InRelated ~~accordance with ASC Topic 230~~parties, ~~this~~which ~~statement~~can ~~requires~~be a ~~public~~corporation, ~~entity~~individual, toinvestor ~~expense~~or ~~the~~another ~~cost~~entity ofare ~~employee~~considered ~~services~~to ~~received~~be inrelated ~~exchange~~if ~~for~~the anparty ~~award~~has ofthe ~~equity~~ability, ~~instruments.~~directly ~~This~~or ~~statement~~indirectly, ~~also~~to ~~provides~~control ~~guidance~~the onother ~~valuing~~party ~~and~~or ~~expensing~~exercise ~~these~~significant ~~awards,~~influence asover ~~well~~the asCompany ~~disclosure~~in ~~requirements~~making offinancial ~~these~~and ~~equity~~operating ~~arrangements~~decisions. ~~The~~ Companies ~~Company~~are ~~adopted~~also ~~ASC~~considered ~~Topic~~to ~~230~~be ~~upon~~related ~~creation~~if ofthey ~~the~~are ~~company~~subject ~~and~~to ~~expenses~~common ~~share~~control ~~based~~or ~~costs~~common insignificant ~~the~~influence. The ~~period~~Company ~~incurred~~has these relationships.

~~Related~~Recent ~~Parties~~Accounting Pronouncements

~~Related~~The ~~parties,~~Company ~~which~~has ~~can~~evaluated beall athe ~~corporation,~~recent ~~individual,~~accounting ~~investor~~pronouncements orthrough ~~another~~March ~~entity~~31, ~~are~~2011 ~~considered~~and tobelieves bethat ~~related~~none ifof ~~the~~them, ~~party~~including ~~has~~those ~~the~~not ~~ability,~~yet ~~directly or indirectly~~effective, towill ~~control~~have ~~the~~a ~~other~~material ~~party~~effect oron ~~exercise significant influence over~~ the ~~Company in making~~ financial ~~and~~position ~~operating decisions. Companies are also considered to be related if they are subject to common control~~ or ~~common~~results ~~significant~~of ~~influence. The~~operations ~~Company~~of ~~has~~the ~~these relationships~~Company.

~~Recent~~NOTE ~~Accounting~~3 ~~Pronouncements~~– GOING CONCERN

The Company’s ~~has~~financial ~~evaluated~~statements ~~all~~are ~~the~~prepared ~~recent~~in accordance with generally accepted accounting ~~pronouncements~~principles ~~through~~applicable ~~December~~to ~~31,~~a ~~2010~~going concern. This contemplates the realization of assets and ~~believes~~the ~~that~~liquidation ~~none~~of liabilities in the normal course of ~~them~~business. Currently, ~~including~~the ~~those~~Company does not ~~yet~~have ~~effective~~cash nor material assets, ~~will~~nor does it have operations or a ~~material~~source ~~effect~~of onrevenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has a deficit accumulated since inception (August 31, 2008) through March 31, 2011 of ($60,378).The Company will be dependent upon the ~~financial~~raising ~~position~~of oradditional ~~results~~capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company has funded its initial operations, from inception to March 31, 2011, by issuing common shares and loans from related parties. As of March 31, 2011, the Company had issued 625,000 common shares for a total consideration of $49,000. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

~~NOTE~~The 3Company’s –sole ~~GOING~~officer ~~CONCERN~~and director has committed to advancing certain operating costs of the Company, but there are no assurances that this commitment will continue and for how much.

~~The~~NOTE ~~Company’s~~4 ~~financial~~– ~~statements~~FAIR ~~are~~VALUE ~~prepared~~OF inFINANCIAL accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have cash nor material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has a deficit accumulated since inception (August 31, 2008) through December 31, 2010; of ($56,643).The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company has funded its initial operations, from inception to December 31, 2010, by way of issuing common shares and loans from related parties. As of December 31, 2010, the Company had issued 625,000 common shares for a total consideration of $49,000. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.INSTRUMENTS

~~The~~In ~~Company’s~~accordance ~~sole~~with ~~officer~~ASC Topic 825 and ~~director~~820 the Company has ~~committed~~determined tothe ~~advancing~~estimated ~~certain~~fair ~~operating~~value ~~costs~~of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the ~~Company~~short-term maturity of the instruments.

NOTE 45 – ~~FAIR~~CAPITAL ~~VALUE OF FINANCIAL INSTRUMENTS~~STOCK

InThe ~~accordance~~Company’s ~~with~~capitalization ~~ASC~~is ~~Topic~~500,000,000 ~~825~~common ~~and~~shares ~~820~~with ~~the~~a ~~Company~~par ~~has determined the estimated fair~~ value of ~~financial~~$0.0001 ~~instruments~~per ~~using available market information and appropriate valuation methodologies~~share. ~~The~~ ~~fair~~At ~~value~~March of31, ~~financial~~2011, ~~instruments classified as current assets or liabilities approximate their carrying value due to~~ the ~~short-term~~Company ~~maturity~~had of625,000 ~~the~~common ~~instruments~~shares outstanding.

~~NOTE~~Preferred 5shares –have ~~CAPITAL~~been ~~STOCK~~authorized of 10,000,000 shares having none issued or outstanding at March 31, 2011.

~~The~~As ~~Company’s~~of ~~capitalization~~March is31, ~~500~~2011,~~000,000~~ ~~common~~the ~~shares~~Company ~~with~~has anot ~~par~~granted ~~value~~any ofstock ~~$0.0001~~options ~~per~~and ~~share.~~has Atnot ~~December~~recorded ~~31,~~any ~~2010,~~stock-based ~~the Company had 625,000 common shares outstanding~~compensation.

~~Preferred shares have been authorized of 10,000,000 shares having none issued or outstanding at December 31, 2010.~~9

AsBUYRITE ofCLUB ~~December 31, 2010, the Company has not granted any stock options and has not recorded any stock-based compensation~~CORP.

9(A DEVELOPMENT STAGE COMPANY)

~~BUYRITE~~NOTES ~~CLUB~~TO ~~CORP~~CONDENSED FINANCIAL STATEMENTS

(ANOTE ~~DEVELOPMENT~~6 ~~STAGE~~– ~~COMPANY)~~INCOME TAXES

~~NOTES~~We TOdid ~~CONDENSED~~not ~~FINANCIAL~~provide ~~STATEMENTS~~any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. In accordance with ASC Topic 740 – Accounting for Income Tax and ASC Topic 605 - Accounting for Uncertainty in Income Taxes, when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.

~~NOTE~~The 6components –of ~~INCOME~~the ~~TAXES~~Company’s deferred tax asset as of March 31, 2011 are as follows:

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. In accordance with ASC Topic 740 – Accounting for Income Tax and ASC Topic 605 - Accounting for Uncertainty in Income Taxes, when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.


	March 31, 2011
Net operating loss carry forward	$	60,378
Times Tax at Statutory rate		35	%

Deferred Tax Asset		21,132
Valuation allowance		(21,132	)

Net deferred tax asset	$	0

The ~~components~~net offederal ~~the~~operating ~~Company’s~~loss ~~deferred~~carry ~~tax~~forward ~~asset~~will asexpire between 2028 and 2030. This carry forward may be limited upon the consummation of ~~December~~a ~~31,~~business ~~2010~~combination ~~are~~under asIRC ~~follows:~~Section 381.

	December 31, 2010
Net operating loss carry forward	$	56,643
Times Tax at Statutory rate		35	%
Deferred Tax Asset		19,825
Valuation allowance		(19,825	)
Net deferred tax asset	$	0

NOTE 7 – RELATED PARTY TRANSACTIONS

~~The~~During ~~net~~the ~~federal~~period ~~operating~~from ~~loss~~August ~~carry~~31, ~~forward~~2008 ~~will~~(inception) ~~expire~~through ~~between~~March ~~2028~~31, 2011, officers, directors and ~~2030~~shareholders have advanced funds from time to time to the Company. ~~This~~At ~~carry~~March ~~forward~~31, ~~may~~2011, bethese ~~limited~~advances ~~upon~~were ~~the~~$10,598 ~~consummation~~and ofwere booked as a ~~business~~loan ~~combination~~from ~~under~~related ~~IRC~~party. ~~Section~~The ~~381~~loan shall accrue interest at 3.6% and is due as a balloon payment for both interest and principal at September 1, 2011.

~~NOTE~~The 7Company –does ~~RELATED~~not ~~PARTY~~lease ~~TRANSACTIONS~~or rent any property. Office space and services are provided without charge by an officer / shareholder. Such costs are immaterial to the financial statements and accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

~~During~~NOTE the period from August 31, 2008 (inception) through December 31, 2010, officers, directors and shareholders have advanced funds from time to time to the Company. At December 31, 2010, these advances were $8~~,348~~ ~~and~~– ~~was~~SUBSEQUENT ~~booked as a loan from related party. The loan shall accrue interest at 3.6% and is due as a balloon payment for both interest and principal at September 1, 2011.~~EVENTS

~~The~~We ~~Company~~have ~~does~~evaluated ~~not~~subsequent ~~lease~~events ~~or rent any property. Office space~~ and ~~services~~transactions ~~are~~that ~~provided~~occurred ~~without~~through ~~charge~~the bydate anand ~~officer~~time /our ~~shareholder. Such costs are immaterial to the~~ financial statements ~~and~~were ~~accordingly,~~issued ~~have~~for ~~not~~potential ~~been~~recognition ~~reflected~~or ~~therein. The~~disclosure ~~officers and directors of the Company are involved~~ in ~~other business activities and may, in~~ the ~~future,~~accompanying ~~become~~financial ~~involved in other business opportunities~~statements. IfOther athan ~~specific~~the ~~business~~disclosures ~~opportunity becomes available~~above, ~~such~~we ~~persons~~did ~~may~~not ~~face~~identify aany ~~conflict~~events inor ~~selecting~~transactions ~~between~~that ~~the~~should ~~Company~~be ~~and~~recognized ~~their~~or ~~other~~disclosed ~~business~~in ~~interests. The Company has not formulated a policy for~~ the ~~resolution~~accompanying offinancial ~~such conflicts~~statements.

~~NOTE 8 – SUBSEQUENT EVENTS~~10

We have evaluated subsequent events and transactions that occurred through the date and time our financial statements were issued for potential recognition or disclosure in the accompanying financial statements. Other than the disclosures above, we did not identify any events or transactions that should be recognized or disclosed in the accompanying financial statements.

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

The following discussion and analysis should be read in conjunction with our consolidated financial statements, including the notes thereto, appearing in this Form 10-Q and in our Annual Report on Form 10-K for the fiscal year ended September 30, 2010 filed on November 30, 2010 with the Securities and Exchange Commission and are hereby referenced.

The statements in this report include forward-looking statements. These forward-looking statements are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations.

You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as “may”, “will”, “believes”, “anticipates”, “estimates”, “expects”, “continues”, “should”, “seeks”, “intends”, “plans”, and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers; and, our ability to maintain a level of investment that is required to remain competitive.

Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic events; general economic conditions, government mandates and conditions in the gaming/entertainment industry in particular; and, the continued employment of our key personnel and other risks associated with competition.

For a discussion of the factors that could cause actual results to differ materially from the forward-looking statements see the “Liquidity and Capital Resources” section under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this item of this report and the other risks and uncertainties that are set forth elsewhere in this report or detailed in our other Securities and Exchange Commission reports and filings. We believe it is important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

BUYRITE CLUB CORP. ("BUYRITE CLUB CORP.") is a development stage company, incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") and sell memberships to individuals to join into a membership club whereby savings through merchant purchases can be earned ~~for over 700 distinct merchants and over 100 gift cards~~. The members earn their savings by purchasing products through the independent merchants and gift cards whereby accumulating those savings through membership points.

The BuyRite Club component of our business is a loyalty and rewards program designed as a shopping service through which members receive rebates (rewards points) on purchases of products and services from participating merchants. These rewards act as a common currency that may be accumulated and used at any time to make additional purchases from any participating merchant in the program.

The BuyRite Membership Club program is primarily a web based retail mall concept. Retail sellers of goods and services join the program as participating merchants agreeing to pay savings to us for our members who purchase goods and services through the program. We collect all savings paid by participating merchants and retain a portion as our fee for operating the membership program.

Another portion of the savings (generally one-half), is designated as earned by the member who made the purchase. In certain circumstances, we also pay a portion of the savings as residual passive income to the organization or company which enrolled the member in the program.

Going Concern

Our financial statements have been prepared on the basis of accounting principles applicable to a going concern. As a result, they do not include adjustments that would be necessary if we were unable to continue as a going concern and would therefore be obligated to realize assets and discharge our liabilities other than in the normal course of operations. As reflected in the accompanying financial statements, the Company is in the development stage with no revenues, has used cash flows in operations of $~~27,820~~(30.155) from inception from August 31, 2008 to ~~December~~March 31, ~~2010~~2011 and has an accumulated deficit of ($5660,~~643~~378).

This raises substantial doubt about our ability to continue as a going concern, as expressed by our auditors in its opinion on our financial statements included in this report. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan.

We have not yet established an ongoing source of revenues sufficient to cover our operating costs and allow us to continue as a going concern. Our ability to continue as a going concern is dependent on us obtaining adequate capital to fund operating losses until we become profitable. If we are unable to obtain adequate capital, we could be forced to cease operations. There can be no assurance that we will operate at a profit or additional debt or equity financing will be available, or if available, can be obtained on satisfactory terms.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures. On an on-going basis, management evaluates these estimates and assumptions, including but not limited to those related to revenue recognition and the impairment of long-lived assets, goodwill and other intangible assets. Management bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Stock Compensation

(included in ASC 718 “Compensation-Stock Compensation”)

The Company adopted SFAS No. 123R, Share-Based Payment (“SFAS 123R”), which requires all stock-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The Company accounts for stock-based compensation arrangements with nonemployees in accordance with the Emerging Issues Task Force Abstract No. 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods or Services. The Company records the expense of such services to employees and non employees based on the estimated fair value of the equity instrument using the Black-Scholes pricing model.

Revenue Recognition

(included in ASC 605 “Revenue Recognition”)

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements’ and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

Product sales and shipping revenues, net of promotional discounts, rebates, and return allowances, are recorded when the products are shipped and title passes to customers. Retail sales to customers are made pursuant to a sales contract that provides for transfer of both title and risk of loss upon our delivery to the carrier. Return allowances, which reduce product revenue, are estimated using historical experience. Revenue from product sales and services rendered is recorded net of sales taxes. Amounts received in advance for subscription services, are deferred and recognized as revenue over the subscription term.

Outlook

The most important metric by which we judge the Company’s performance now and in the near term is top line sales growth. Our current commitment to develop and deliver quality products means that, for the near future, bottom line profitability will be a poor indicator of our success. We do not expect our development investment rate to decline meaningfully in the near future. Since investors are certain to be the primary, near term source of liquidity to support our development and marketing efforts, our liquidity will be driven by our ability to attract repeat investments from current shareholders and to find new ones. This in turn may be materially impacted by the general investment climate.

Since investors are certain to be the primary, near term source of liquidity to support our development and marketing efforts, our liquidity will be driven by our ability to attract repeat investments from current shareholders and to find new ones. This in turn may be materially impacted by the general investment climate.

Our primary marketing challenge for the coming 12 months is to achieve market awareness and acceptance of our patents currently under development.

Revenues

These forward-looking statements, pertaining to revenues, are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur.

As our revenues commence, we plan to continue to invest in marketing and sales by increasing the number of direct sales consultants and management personnel, expand our selling and marketing activities, building brand awareness and sponsoring additional marketing events. We expect that in the future, marketing and sales expenses will increase in absolute dollars commencing in the fourth quarter of 2011. We do not expect our revenues to increase significantly until ~~2011~~2012.

General and Administrative Expenses

We expect that general and administrative expenses associated with executive compensation will increase in the future. Although our current president, vice president and chief financial officer have foregone full salary payments during the initial stages of the business, during 2010, we anticipate compensation to commence in late 2011 as revenues are generated. In addition, we believe in the ~~2011~~2012 fiscal year that the compensation packages ~~required~~attracting ~~to attract~~ the senior executives, that the Company ~~requires~~will require to execute, in accordance with its business plan, which will increase our total general and administrative expenses.

Summary of Condensed Results of Operations

Any measurement and comparison of revenues and expenses from continuing operations should not be considered necessarily indicative or interpolated as the trend to forecast our future revenues and results of operations.

Results for the Three Months Ended ~~December~~March 31, ~~2010~~2011 and 2009

Revenues. The Company’s revenues for the three months ended ~~December~~March 31, ~~2010~~2011 and ~~2009~~2010 were $0. From inception (August 31, 2008) through ~~December~~March 31, ~~2010~~2011, the company did not generate any revenues.

Legal and Accounting Expenses. Legal and Accounting expenses for the three months ended ~~December~~March 31, ~~2010~~2011 were $~~1,500~~650 as compared to $1,500 for the three months ended ~~December~~March 31, ~~2009~~2010. These expenses are the normal recurring expenses for the quarter including filings with the Securities and Exchange Commission.

General and Administrative Expenses. General and administrative expenses for the three months ended ~~December~~March 31, ~~2010~~2011 were $~~1,500~~750 compared to $500 for the three months ended ~~December~~March 31, ~~2009~~2010. The increase of $~~1,000~~250 is primarily a cost to keep current with the Securities and Exchange Commission filings.

Net Loss. Net loss for the three months ended ~~December~~March 31, ~~2010~~2011 was ($3,~~796~~735) as compared to ($21,750) for the three months ended ~~December~~March 31, ~~2009~~2010. This loss isincluded ~~consistent~~the acceleration of amortization of our intellectual property as a result of not renewing a distribution agreement with ~~the~~a ~~expected~~third ~~quarterly~~party. ~~loss~~Without ~~required~~this ~~including~~additional ~~keeping~~cost of $1,500, the ~~company’s~~net ~~filings~~loss ~~current~~is ~~with~~consistent for the ~~Securities~~period ~~and~~ended ~~Exchange~~March ~~Commission~~31, 2011 and 2010.

Results for the Six Months Ended March 31, 2011 and 2010

Revenues. The Company’s revenues for the six months ended March 31, 2011 and 2010 were $0. From inception (August 31, 2008) through March 31, 2011, the company did not generate any revenues.

Legal and Accounting Expenses. Legal and Accounting expenses for the six months ended March 31, 2011 were $2,150 as compared to $2,000 for the six months ended March 31, 2009. These expenses are the normal recurring expenses for the quarter including filings with the Securities and Exchange Commission.

General and Administrative Expenses. General and administrative expenses for the six months ended March 31, 2011 were $2,250 compared to $1,000 for the six months ended March 31, 2010. The increase of $1,250 is primarily a cost to keep current with the Securities and Exchange Commission filings.

Net Loss. Net loss for the six months ended March 31, 2011 was ($7,531) as compared to ($4,500) for the six months ended March 31, 2010. The increase of net loss of $,3031 included the acceleration of amortization of our intellectual property as a result of not renewing a distribution agreement with a third party and other normalized costs to keep current with the Securities and Exchange Commission.

Impact of Inflation

We believe that the rate of inflation has had negligible effect on our operations. We believe we can absorb most, if not all, increased non-controlled operating costs by increasing sales prices, whenever deemed necessary and by operating our Company in the most efficient manner possible.

Liquidity and Capital Resources

Liquidity is the ability of a company to generate sufficient amounts of funding to meet its need for cash. Since its inception (August 31, 2008), the Company has been funded by its founders, stockholders and related parties with advances and loans and through the sale of common shares including its initial public offering. At ~~December~~March 31, ~~2010~~2011, we had a working capital deficit of ($911,~~893~~378) and an accumulated deficit of ($5660,~~643~~378), as compared to a working capital deficit of ($6,847) and an accumulated deficit of ($52,847) at September 30, 2010.

As of ~~December~~March 31, ~~2010~~2011 and September 30, 2010, total current assets were $1 and $1 respectively.

As of ~~December~~March 31, ~~2010~~2011, total current liabilities were $911,~~894~~379 represented by $~~1,500~~650 of accrued expenses, $46131 of accrued interest payable and $810,~~348~~598 of loans from related parties. As of September 30, 2010, total current liabilities were $6,848, which consisted of $4,870 of accrued expenses and $1,978 of loans from related parties.

Cash flows from financing activities and cash generated through the company’s issuance of commons shares (including its initial public offering) represented the Company’s principal source of funding since August 31, 2008 (inception) through ~~December~~March 31, ~~2010~~2011.

Material Commitments

The company on September 15, 2008 entered into a contract with an independent contractor ~~(BSP Rewards Inc.)~~ to provide for the internet mall including merchants, gift cards and back office accounting. The contract provides for the provider to participate as received a participation in the member’s savings. This contract is currently ~~being~~deemed ~~reviewed~~null and void by the parties since the parent company ~~has~~of ~~recently~~the independent contractor has merged as of October 19, 2010 and ~~there~~we ~~are~~have nonot ~~assurances~~negotiated ~~that~~a ~~the~~new ~~current~~or ~~contractual~~extended ~~relationship will be continued~~agreement.

Off-Balance Sheet Arrangements

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

Recent Accounting Pronouncements

The company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable for a smaller reporting company.

Item 4T. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that the information required to be disclosed in the reports that we file under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our President and Treasurer, as appropriate, to allow timely decisions regarding required disclosures.

In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objectives, and in reaching a reasonable level of assurance, management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As required by SEC Rule 13a-15(b), we carried out an evaluation, under the supervision and with the participation of our management, including our President and Treasurer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of our first fiscal quarter covered by this report. Based on the foregoing, our President and Treasurer concluded that our disclosure controls and procedures were effective at the reasonable assurance level.

There has been no change in our internal controls over financial reporting during our first fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

PART II OTHER INFORMATION

Item 1. Legal Proceeding.

None.

Item 1A. Risk Factors.

None.

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

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. (Removed and Reserved).

Item 5. Other Information.

None

Item 6. Exhibits

(a) Exhibits


Exhibit No.	Description

31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting and Financial Officer
32.1	Section 1350 Certification of Principal Executive Officer and Principal Accounting and Financial Officer

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.

	BUYRITE CLUB CORP.
DATE: January 26, 2011	By:	/s/ Judith Adelstein
DATE: April 26, 2011	By:	/s/ Judith Adelstein
		Judith Adelstein
		President, Principal Executive Officer

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Filing Compare · Buyrite Club Corp.