UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10 - Q
  
    | (Mark
    One) | 
  
  
    | [ x ] | 
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934  | 
  
 
  
     
    For the quarterly period ended June 30, 2008 | 
  
  
    | [    ] | 
    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: [ ]
ASIARIM CORPORATION
(Exact Name of Registrant as Specified in Its
Charter)
  
    Nevada  | 
    83-0500896  | 
  
  
    (State or Other Jurisdiction of Incorporation or Organization)  | 
    (IRS Employer Identification No.)  | 
  
  
     | 
     | 
  
  
    Suite 1601, 16F, Jie Yang Building, 271 Lockhart Road, Wanchai, Hong Kong  | 
    n/a  | 
  
  
    (Address of Principal Executive Offices)  | 
    (Zip Code)  | 
  
 
 
+1 360 7173641
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name, Former Address and Former
Fiscal Year if Changed Since Last Report)
  
    Indicate by check
    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 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[ x ]     No [  ]
  | 
  
  
    Indicate by check
    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 "small reporting
    company" in Rule 12b-2 of the Exchange Act. (check one)  | 
  
 
  
     
    Large Accelerated Filer [  ] Accelerated Filer [  ] Non-Accelerated Filer [
      ] 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).
  | 
  
 
  
     
    Yes[ x ]     No [  ]
  | 
  
  
     
    The number of common equity shares outstanding as of June 30, 2008 was 11,000,000 shares
    of Common Stock, $.001 par value.
  | 
  
 
 
 
INDEX
  
     | 
    Page  | 
  
  
    | PART
    I. FINANCIAL INFORMATION | 
     | 
  
  
     | 
     | 
     | 
  
  
    Item
    1.  | 
    Financial Statements | 
     | 
  
  
     | 
     | 
     | 
  
  
     | 
    Condensed Balance
    Sheet - June
    30, 2008 (Unaudited) | 
    3  | 
  
  
     | 
     | 
     | 
  
  
     | 
    Condensed Statements
    of Operations - Three Months and Nine Months ended June 30, 2008 and from June 15, 2007
    (Inception) to June 30, 2008 (Unaudited) | 
    4  | 
  
  
     | 
     | 
     | 
  
  
     | 
    Condensed Statement
    of Stockholders' Equity / (Deficit) - From June 15, 2007 (Inception) to June 30, 2008
    (Unaudited) | 
    5  | 
  
  
     | 
     | 
     | 
  
  
     | 
    Condensed Statements
    of Cash Flows - Nine Months ended
    June 30, 2008 and from June 15, 2007 (Inception) to June 30, 2008 (Unaudited) | 
    6  | 
  
  
     | 
     | 
     | 
  
  
     | 
    Notes to Condensed
    Financial Statements | 
    7-12  | 
  
  
     | 
     | 
     | 
  
  
    Item
    2.  | 
    Management's
    Discussion and Analysis of Financial Condition and Results of Operations | 
    13-19  | 
  
  
     | 
     | 
     | 
  
  
    Item
    3.  | 
    Quantitative and
    Qualitative Disclosure About Market Risk | 
    20  | 
  
  
     | 
     | 
     | 
  
  
    Item
    4.  | 
    Controls and
    Procedures | 
    20  | 
  
  
     | 
     | 
     | 
  
  
    | PART
    II. OTHER INFORMATION | 
     | 
  
  
     | 
     | 
     | 
  
  
    Item
    1  | 
    Legal Proceedings | 
    21  | 
  
  
     | 
     | 
     | 
  
  
    Item
    2  | 
    Unregistered Sales of
    Equity Securities and Use of Proceeds | 
    21  | 
  
  
     | 
     | 
     | 
  
  
    Item
    3  | 
    Defaults Upon Senior
    Securities | 
    21  | 
  
  
     | 
     | 
     | 
  
  
    Item
    4  | 
    Submission of Matters
    to a Vote of Security Holders | 
    21  | 
  
  
     | 
     | 
     | 
  
  
    Item
    5  | 
    Other Matters | 
    21  | 
  
  
     | 
     | 
     | 
  
  
    Item
    6.  | 
    Exhibits | 
    21  | 
  
  
     | 
     | 
  
  
    | SIGNATURES | 
    22 | 
  
  
     | 
     | 
  
 
 
 
PART I - FINANCIAL INFORMATION
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | CONDENSED BALANCE SHEET | 
  
  
    | AS AT JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
 
  
     | 
    Note  | 
     | 
    June 30,  
    2008  | 
     | 
    September 30, 2007  | 
  
  
     | 
     | 
     | 
    (Unaudited)  | 
     | 
    (Audited)  | 
  
  
    ASSETS  | 
     | 
     | 
     | 
     | 
     | 
  
  
    Current assets:  | 
     | 
     | 
     | 
     | 
     | 
  
  
    Cash and cash equivalents  | 
     | 
    $  | 
    2,852  | 
    $  | 
    4,251  | 
  
  
    Accounts receivable  | 
     | 
     | 
    17,092  | 
     | 
    1,432  | 
  
  
     | 
     | 
     | 
    --------------------  | 
     | 
    -------------------  | 
  
  
    Total assets  | 
     | 
    $  | 
    19,944  | 
    $  | 
    5,683  | 
  
  
     | 
     | 
     | 
    ============== | 
     | 
    ============== | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | LIABILITIES
    AND STOCKHOLDERS' EQUITY | 
     | 
     | 
     | 
     | 
  
  
    Current liabilities:  | 
     | 
     | 
     | 
     | 
     | 
  
  
    Accrued expenses  | 
     | 
    $  | 
    500  | 
    $  | 
    2,000  | 
  
  
    Accrual salary  | 
     | 
     | 
    350  | 
     | 
    -  | 
  
  
    Amount due to a director  | 
     | 
     | 
    1,192  | 
     | 
    -  | 
  
  
    Shareholder loan  | 
     | 
     | 
    8,000  | 
     | 
    -  | 
  
  
     | 
     | 
     | 
    -------------------  | 
     | 
    -------------------  | 
  
  
    Total current liabilities  | 
     | 
    $  | 
    10,042  | 
    $  | 
    2,000  | 
  
  
     | 
     | 
     | 
    -------------------  | 
     | 
    -------------------  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    Stockholders ' equity: | 
     | 
     | 
     | 
     | 
     | 
  
  
    Common stock, $0.001 par value, 75,000,000 shares   | 
     | 
     | 
     | 
     | 
     | 
  
  
    authorized;11,000,000 shares issued and outstanding  | 
     | 
    $  | 
    11,000  | 
    $  | 
    11,000  | 
  
  
    Additional paid up capital  | 
     | 
     | 
    9,000  | 
     | 
    9,000  | 
  
  
    Deficit accumulated during the development stage  | 
     | 
     | 
    (10,098)  | 
     | 
    (16,317)  | 
  
  
     | 
     | 
     | 
    -------------------  | 
     | 
    -------------------  | 
  
  
    Total stockholders ' equity | 
     | 
    $  | 
    9,902  | 
    $  | 
    3,683  | 
  
  
     | 
     | 
     | 
    -------------------  | 
     | 
    -------------------  | 
  
  
    Total liabilities and stockholders '
    equity | 
     | 
    $  | 
    19,944  | 
    $  | 
    5,683  | 
  
  
     | 
     | 
     | 
    ============== | 
     | 
    ============== | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
  
 
 
See accompanying notes to the financial
statements
3
  
    ASIARIM
    CORPORATION  | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | CONDENSED STATEMENTS OF OPERATION | 
  
  
    | FOR THE THREE MONTHS AND THE NINE MONTHS
    ENDED JUNE 30, 2008 | 
  
  
    | AND FOR THE PERIOD FROM JUNE 15, 2007
    (INCEPTION) TO JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
 
  
     | 
     | 
     | 
     | 
     | 
     | 
    For the
    Period  | 
  
  
     | 
     | 
    For the
    Three  | 
     | 
    For the
    Nine  | 
     | 
    from June
    15,   | 
  
  
     | 
     | 
    Months
    Ended  | 
     | 
    Months
    Ended  | 
     | 
    2007
    (Inception)   | 
  
  
     | 
     | 
    June 30,  | 
     | 
    June 30,  | 
     | 
    to June
    30,  | 
  
  
     | 
     | 
    2008  | 
     | 
    2008  | 
     | 
    2008  | 
  
  
     | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Net Revenues | 
    $  | 
    21,372  | 
    $  | 
    29,328  | 
    $  | 
    30,760  | 
  
  
    | Cost of Revenues | 
     | 
    3,000  | 
     | 
    9,000  | 
     | 
    9,000  | 
  
  
     | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
  
  
    | Gross Profits | 
     | 
    18,372  | 
     | 
    20,328  | 
     | 
    21,760  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Other General and Administrative
    Expenses | 
     | 
    1,483  | 
     | 
    13,909  | 
     | 
    31,658  | 
  
  
     | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
  
  
    | Profit/(Loss) from Operations | 
     | 
    16,889  | 
     | 
    6,419  | 
     | 
    (9,898)  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Other Expenses | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Interests | 
     | 
    200  | 
     | 
    200  | 
     | 
    200  | 
  
  
     | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
     | 
    ----------------------  | 
  
  
    | Net Profit/(Loss) | 
    $  | 
    16,689  | 
    $  | 
    6,219  | 
    $  | 
    (10,098)  | 
  
  
     | 
     | 
    =============== | 
     | 
    =============== | 
     | 
    =============== | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Weighted Average Basic and
    Diluted Shares Outstanding | 
     | 
    11,000,000  | 
     | 
    11,000,000  | 
     | 
    11,000,000  | 
  
  
     | 
     | 
    =============== | 
     | 
    =============== | 
     | 
    =============== | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Profit/(Loss) Per Share - basic
    and diluted | 
    $  | 
    0.00  | 
    $  | 
    0.00  | 
    $  | 
    (0.00)  | 
  
  
     | 
     | 
    =============== | 
     | 
    =============== | 
     | 
    =============== | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
 
 
*Basic and diluted weighted average number of shares
is the same since the Company does not have any dilutive securities
See accompanying notes to the
financial statements
4
  
    ASIARIM
    CORPORATION  | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | STATEMENT OF STOCKHOLDERS' EQUITY /
    (DEFICIT) | 
  
  
    | FOR THE PERIOD FROM JUNE 15, 2007
    (INCEPTION) TO JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
 
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
    Deficit    | 
     | 
     | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
    accumulated  | 
     | 
     | 
  
  
     | 
     | 
     | 
     | 
    Common stock   | 
     | 
    Additional   | 
     | 
    during the   | 
     | 
    Total   | 
  
  
     | 
     | 
     | 
     | 
    ------------------------------  | 
     | 
    paid-in
      | 
     | 
    development  | 
     | 
    stockholders'  | 
  
  
     | 
     | 
     | 
     | 
    Shares   | 
     | 
    Amount   | 
     | 
    capital   | 
     | 
    stage   | 
     | 
    equity/(deficit)   | 
  
  
     | 
     | 
     | 
     | 
    ------------  | 
     | 
    ------------  | 
     | 
    ------------  | 
     | 
    ------------  | 
     | 
    ------------------  | 
  
  
    | Balance
    at June 15, 2007 | 
    -  | 
    $  | 
    -  | 
    $  | 
    -  | 
    $  | 
    -  | 
    $  | 
    -  | 
  
  
     | 
    (inception) | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Issuance
    of founder shares for | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
     | 
    cash
    at $0.001 per share - | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
     | 
    June
    20, 2007 | 
    10,000,000  | 
     | 
    10,000  | 
     | 
    -  | 
     | 
    -  | 
     | 
    10,000  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Sale
    of shares for cash at $0.01  | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
     | 
    per
    share - July 15, 2007 | 
    1,000,000  | 
     | 
    1,000  | 
     | 
    9,000  | 
     | 
    -  | 
     | 
    10,000  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Net
    loss | 
    -  | 
     | 
    -  | 
     | 
    -  | 
     | 
    (16,317)  | 
     | 
    (16,317)  | 
  
  
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ---------------  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Balance
    at September 30, 2007 | 
    11,000,000  | 
    $  | 
    11,000  | 
    $  | 
    9,000  | 
    $  | 
    (16,317)  | 
    $  | 
    3,683  | 
  
  
    | Net
    profit | 
    -  | 
     | 
    -  | 
     | 
    -  | 
     | 
    6,219  | 
     | 
    6,219  | 
  
  
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ----------------  | 
     | 
    ---------------  | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
  
    | Balance
    at June 30, 2008 | 
    11,000,000  | 
    $  | 
    11,000  | 
    $  | 
    9,000  | 
    $  | 
    (10,098)  | 
    $  | 
    9,902  | 
  
  
     | 
    ============ | 
     | 
    ============ | 
     | 
    ============= | 
     | 
    ============= | 
     | 
    ============= | 
  
  
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
  
 
5
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | CONDENSED STATEMENTS OF CASH FLOWS | 
  
  
    | FOR THE NINE MONTHS ENDED JUNE 30, 2008
    AND FROM JUNE 15, 2007 (INCEPTION) TO JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
 
  
     | 
     | 
     | 
     | 
    For the
    Period  | 
  
  
     | 
     | 
    For the
    Nine  | 
     | 
    from June
    15, 2007  | 
  
  
     | 
     | 
    Months
    Ended  | 
     | 
    (Inception)
    to  | 
  
  
     | 
     | 
    June 30,
    2008  | 
     | 
    June 30,
    2008  | 
  
  
     | 
     | 
    -----------------------  | 
     | 
    ------------------------ | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Cash Flows from Operating
    Activities: | 
     | 
     | 
     | 
     | 
  
  
    | Net Profit/(Loss) | 
    $  | 
    6,219  | 
    $  | 
    (10,098)  | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Adjustments to Reconcile Net
    Profit/(Loss) to Net Cash Used | 
     | 
     | 
     | 
     | 
  
  
    | in Operating Activities: | 
     | 
     | 
     | 
     | 
  
  
    | Changes in Assets and
    Liabilities: | 
     | 
     | 
     | 
     | 
  
  
    | (Increase) in Accounts
    Receivable | 
     | 
    (15,660)  | 
     | 
    (17,092)  | 
  
  
    | Increase/(Decrease) in Accrued
    Expenses | 
     | 
    (1,500)  | 
     | 
    500  | 
  
  
    | Increase in Accrued Salary | 
     | 
    350  | 
     | 
    350  | 
  
  
    | Increase in Due to a Director | 
     | 
    1,192  | 
     | 
    1,192  | 
  
  
    | Increase in Shareholder Loan | 
     | 
    8,000  | 
     | 
    8,000  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Net Cash Used in Operating
    Activities | 
     | 
    (1,399)  | 
     | 
    (17,148)  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Cash Flows from Investing
    Activities: | 
     | 
    -  | 
     | 
    -  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Cash Flows from Financing
    Activities: | 
     | 
     | 
     | 
     | 
  
  
    | Proceeds from Sale of Common
    Stock | 
     | 
    -  | 
     | 
    20,000  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
    | Net Cash Provided by Financing
    Activities | 
     | 
    -  | 
     | 
    20,000  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
    | (Decrease)/Increase in Cash | 
     | 
    (1,399)  | 
     | 
    2,852  | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Cash - Beginning of Period | 
     | 
    4,251  | 
     | 
    -  | 
  
  
     | 
     | 
    ------------------------ | 
     | 
    ------------------------ | 
  
  
    | Cash - End of Period | 
    $  | 
    2,852  | 
    $  | 
    2,852  | 
  
  
     | 
     | 
    ================ | 
     | 
    ================ | 
  
  
     | 
     | 
     | 
     | 
     | 
  
  
    | Supplemental Disclosures of
    Cash Flow Information: | 
     | 
     | 
     | 
     | 
  
  
    | Interest Paid | 
    $  | 
    -  | 
    $  | 
    -  | 
  
  
     | 
     | 
    ================ | 
     | 
    ================ | 
  
  
    | Income Taxes Paid | 
    $  | 
    -  | 
    $  | 
    -  | 
  
  
     | 
     | 
    ================ | 
     | 
    ================ | 
  
 
 
See accompanying notes to the financial statements
6
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
  
     | 
     
    Asiarim Corporation (the "Company") is a Nevada corporation, incorporated on
    June 15, 2007. The Company is currently a development stage enterprise, as defined by
    Statement of Financial Accounting Standard ( "SFAS") NO. 7 "Accounting and
    Reporting for Enterprises in the Development Stage". The  Company' s office is
    located in Hong Kong, China and its principal business is to provide business consulting
    services.
  | 
  
 
  
     | 
     
    As of June 30, 2008, the Company has commenced its operations in the business consulting
    services and has recorded minimal revenue. The Company has an operational office in Hong
    Kong.
  | 
  
 
  
     
    2.
  | 
     
    UNCERTAINTY OF ABILITY TO CONTINUE AS A GOING CONCERN
  | 
  
 
  
     | 
     
    The Company's financial statements are prepared using the generally accepted accounting
    principles applicable to a going concern, which contemplates the realization of assets and
    liquidation of liabilities in the normal course of business. The Company has not generated
    significant revenues since inception and has never paid any dividends and is unlikely to
    pay dividends or generate significant earnings in the immediate or foreseeable future. The
    continuation of the Company as a going concern is dependent upon the ability of the
    Company to obtain necessary equity financing to continue operations and the attainment of
    profitable operations.
  | 
  
 
  
     | 
     
    As of June 30, 2008, the Company has generated modest revenue and has incurred an
    accumulated deficit since inception totaling $10,098 at June 30, 2008 and its current
    assets exceed its current liabilities by $9,902. These financial statements do not include
    any adjustments relating to the recoverability and classification of recorded asset
    amounts and classification of liabilities that might be necessary should the Company be
    unable to continue as a going concern. These factors noted above raise substantial doubts
    regarding the Company' s ability to continue as a going concern.
  | 
  
 
  
     | 
     
    The Company has filed a SB-2 Registration Statement with the United States Securities and
    Exchange Commission to register 3,590,000 share of common stock for sale by certain
    selling shareholders at $0.02 per share for gross proceeds of $71,800. The Company will
    not receive any proceeds with respect to the resale of shares held by existing
    shareholders. This SB-2 registration statement became effective on November 20, 2007.
  | 
  
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS
  | 
  
 
  
     | 
     
    The accompanying unaudited interim financial statements have been prepared in accordance
    with accounting principals generally accepted in the United States of America and the
    rules of the U.S. Securities and Exchange Commission, and should be read in conjunction
    with the audited financial statements and notes thereto for the period ended September 30,
    2007. They do not include all information and footnotes required by accounting principles
    generally accepted in the United States of America for complete financial statements.
    However, except as disclosed herein, there has been no material change in the information
    disclosed in the notes to the financial statements for the period ended September 30, 2007
    included in the Company Form 10-KSB filed with the Securities and Exchange Commission. In
    the opinion of management, all adjustments (consisting of normal recurring accruals)
    considered necessary for a fair presentation of financial position and results of
    operations for the interim period presented have been included. Operating results for the
    interim period are not necessary indicative of the results that may be expected for the
    respective full year.
  | 
  
 
7
 
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS (CONTINUED)
  | 
  
 
  
     | 
     
    The preparation of financial statements in conformity with generally accepted accounting
    principles requires management to make estimates and assumptions that affect the reported
    amounts of assets and liabilities and disclosure of contingent assets and liabilities at
    the date of the financial statements and the reported amounts of revenues and expenses
    during the reporting period. Actual results could differ from those estimates.
  | 
  
 
  
     | 
     
    Basic and Diluted Net Income (Loss) Per Share
  | 
  
 
  
     | 
     
    The Company computes net income (loss) per share in accordance with SFAS No. 128.
    "Earnings per Share". SFAS No. 128 requires presentation of both basic and
    diluted earnings per Share (EPS) on the face of the income statement. Basic EPS is
    computed by dividing net income (loss) available to common shareholders (numerator) by the
    weighted average number of shares outstanding (denominator) during the period. Diluted EPS
    gives effect to all dilutive potential common shares outstanding during the period using
    the treasury stock method and convertible preferred stock using the if-converted method.
    In computing diluted EPS, the average stock price for the period is used in determining
    the number of shares assumed to be purchased from the exercise of stock options or
    warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti
    dilutive.
  | 
  
 
  
     | 
     
    Fair Value of Financial Instruments
  | 
  
 
  
     | 
     
    Statement of financial accounting standard No. 107, Disclosures about fair value of
    financial instruments, requires that the Company disclose estimated fair values of
    financial instruments. Unless otherwise indicated, the fair values of all reported assets
    and liabilities, which represent financial instruments, none of which are held for trading
    purposes, approximate are carrying values of such amounts.
  | 
  
 
  
     | 
     
    Cash and Cash Equivalents
  | 
  
 
  
     | 
     
    The Company considers all liquid investments with a maturity of three months or less from
    the date of purchase that are readily convertible into cash to be cash equivalents.
  | 
  
 
  
     | 
     
    Website Development Costs
  | 
  
 
  
     | 
     
    The Company recognizes the costs associated with developing a website in accordance with
    the American Institute of Certified Public Accountants ("AICPA") Statement of
    Position ("SOP") NO. 98-1,"Accounting for the Costs of Computer Software
    Developed or Obtained for Internal Use". Relating to website development costs the
    Company follows the guidance pursuant to the Emerging Issues Task Force (EITF) NO.00-2,
    "Accounting for Website Development Costs".
  | 
  
 
  
     | 
     
    Costs associated with the website consist primarily of website development costs paid to
    third party. These capitalized costs will be amortized based on their estimated useful
    life over three years upon the website becoming operational. Internal costs related to the
    development of website content will be charged to operations as incurred.
  | 
  
 
 
8
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS (CONTINUED)
  | 
  
 
  
     | 
     
    The Company accounts for income taxes under SFAS 109,"Accounting for Income
    Taxes." Under the asset and liability method of SFAS 109, deferred tax assets and
    liabilities are recognized for the future tax consequences attributable to differences
    between the financial statements carrying amounts of existing assets and liabilities and
    their respective tax bases.Deferred tax assets and liabilities are measured using enacted
    tax rates expected to apply to taxable income in the years in which those temporary
    differences are expected to be recovered or settled. Under SFAS 109, the effect on
    deferred tax assets and liabilities of a change in tax rates is recognized in income in
    the period the enactment occurs.A valuation allowance is provided for certain deferred tax
    assets if it is more likely than not that the Company will not realize tax assets through
    future operations.
  | 
  
 
  
     | 
     
    Foreign Currency Translation
  | 
  
 
  
     | 
     
    The Company's functional and reporting currency is the United States dollar. Monetary
    assets and liabilities denominated in foreign currencies are translated in accordance with
    SFAS no. 52 "Foreign Currency Translation" using the
    exchange rate prevailing at the balance sheet date. Gains and losses arising on
    translation or settlement of foreign currency denominated transactions or balances are
    included in the determination of income. Foreign currency transactions are primarily
    undertaken in Hong Kong dollars. The Company has not, to the date of these financial
    statements, entered into derivative instruments to offset the impact of foreign currency
    fluctuations.
  | 
  
 
  
     | 
     
    SFAS No. 123 prescribes accounting and reporting standards for all stock-based
    compensation plans, including employee stock options, restricted stock, employee stock
    purchase plans and stock appreciation rights. SFAS No. 123 requires compensation expense
    to be recorded (i) using the new fair value method or (ii) using the existing accounting
    rules prescribed by Accounting Principles Board Opinion No. 25, "Accounting for stock
    issued to employee"(APB 25) and related interpretations with proforma disclosure of
    what net income and earnings per share would have been had the Company adopted the new
    fair value method. The Company has chosen to account for stock-based compensation using
    Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
    Employees" and has adopted the disclosure only provisions of SFAS 123. Accordingly,
    compensation cost for stock options is measured as the excess, if any, of the quoted
    market price of the Company's stock at the date of the grant over the amount an employee
    is required to pay for the stock. The Company has not issued any stock or share based
    payments since its inception.
  | 
  
 
  
     | 
     
    The Company accounts for stock-based compensation issued to non-employees and consultants
    in accordance with the provisions of SFAS 123 and the Emerging Issues Task Force consensus
    in Issue No. 96-18 ("EITF 96-18"), "Accounting for Equity Instruments that
    are Issued to Other Than Employees for Acquiring or in Conjunction with Selling, Goods or
    Services". Valuation of shares for services is based on the estimated fair market
    value of the services performed.
  | 
  
 
 
9
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS (CONTINUED)
  | 
  
 
  
     | 
     
    Issuance of shares for service
  | 
  
 
  
     | 
     
    The Company accounts for the issuance of equity instruments to acquire goods and services
    based on the fair value of the goods and services or the fair value of the equity
    instrument at the time of issuance, whichever is more reliably measurable.
  | 
  
 
  
     | 
     
    The Company recognizes its revenue in accordance with the Securities and Exchange
    Commissions ("SEC") Staff Accounting Bulletin No.104, "Revenue Recognition
    in Financial Statements"("SAB104"). Revenue is recognized upon shipment,
    provided that evidence of an arrangement exists, title and risk of loss have passed to the
    customer, fees are fixed or determinable and collection of the related receivable is
    reasonably assured. Revenue is recorded net of estimated product returns, which is based
    upon the Company's return policy, sales agreements, management estimates of potential
    future product returns related to current period revenue, current economic trends, changes
    in customer composition and historical experience.
  | 
  
 
 
10
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS (CONTINUED)
  | 
  
 
  
     | 
     
    In February 2007, FASB issued Statement of Financial Accounting Standards No.
    ("SFAS") 159, "The Fair Value Option for Financial Assets and Financial
    Liabilities - Including an Amendment of FASB Statement No. 115"("SFAS
    159"). SFAS 159 permits entities to choose to measure many financial instruments and
    certain other items at fair value. Entities that elect the fair value option will report
    unrealized gains and losses in earnings at each subsequent reporting date. The fair value
    option may be elected on an instrument-by-instrument basis, with a few exceptions. SFAS
    159 also establishes presentation and disclosure requirements to facilitate comparisons
    between entities that choose different measurement attributes for similar assets and
    liabilities. The requirements of SFAS 159 are effective for our fiscal year beginning on
    January 1, 2008. The Company does not anticipate that the adoption of this standard will
    have a material impact on these consolidated financial statements.
  | 
  
 
  
     | 
     
    In December 2007, the SEC issued Staff Accounting Bulletin No. 110 ("SAB 110"). SAB 110
    permits companies to continue to use the simplified method, under certain circumstances,
    in estimating the expected term of "plain
    vanilla" options
    beyond December 31, 2007. SAB 110 updates guidance provided in SAB 107 that previously
    stated that the Staff would not expect a company to use the simplified method for share
    option grants after December 31, 2007. Adoption of SAB 110 is not expected to have a
    material impact on the Company's consolidated
    financial statements. | 
  
  
     | 
     
    In December 2007, the Financial Accounting Standards Board issued Statement of
    Financial Accounting Standard ("SFAS") No. 160, "Noncontrolling Interests in Consolidated Financial
    Statements, an amendment of ARB No. 51". SFAS 160 establishes accounting and reporting standards for the
    noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. SFAS
    160 is effective for fiscal years, and interim periods within those fiscal years,
    beginning on or after December 15, 2008. As such, the Company is required to adopt these
    provisions at the beginning of the fiscal year ended December 31, 2009. The Company is
    currently evaluating the impact of SFAS 160 on its consolidated financial statements but
    does not expect it to have a material effect.
  | 
  
 
11
 
  
    | ASIARIM CORPORATION | 
  
  
    | (A DEVELOPMENT STAGE COMPANY) | 
  
  
    | NOTES TO THE CONDENSED FINANCIAL
    STATEMENTS | 
  
  
    | FOR THE THREE MONTHS AND NINE MONTHS ENDED
    JUNE 30, 2008 | 
  
  
    | (UNAUDITED) | 
  
  
    | (Stated in US Dollars) | 
  
  
     | 
  
 
 
  
     
    3.
  | 
     
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & REALIZATION OF ASSETS (CONTINUED)
  | 
  
 
 
  
     | 
     
    Recent Pronouncements (continued)
  | 
  
 
  
     | 
     
    In December 2007, the Financial Accounting Standards Board issued Statement of Financial
    Accounting Standard ("SFAS") No. 141(R), "Business Combinations". SFAS
    141(R) establishes principles and requirements for how the acquirer recognizes and
    measures in its financial statements the identifiable assets acquired, the liabilities
    assumed, an any noncontrolling interest in the acquiree, recognizes and measures the
    goodwill acquired in the business combination or a gain from a bargain purchase, and
    determines what information to disclose to enable users of the financial statements to
    evaluate the nature and financial effects of the business combination. SFAS 141(R) is
    effective for fiscal years, and interim periods within those fiscal years, beginning on or
    after December 15, 2008. As such, the Company is required to adopt these provisions at the
    beginning of the fiscal year ended December 31, 2009. The Company is currently evaluating
    the impact of SFAS 141(R) on its consolidated financial statements but does not expect it
    to have a material effect. 
    In March 2008, The Financial
    Accounting Standards Board ("FASB") issued SFAS No. 161, Disclosures about
    Derivative Instruments and Hedging Activities. The new standard is intended to improve
    financial reporting about derivative instruments and hedging activities by requiring
    enhanced disclosures to enable investors to better understand their effects on an entity's
    financial position, financial performance, and cash flows. It is effective for financial
    statements issued for fiscal years and interim periods beginning after November 15, 2008,
    with early application encouraged. The adoption of SFAS No. 161 is not expected to have a
    material effect on our consolidated financial position, results of operation or cash
    flows.  | 
    
  
 
  
     | 
     
    There were no shares issued during the three months and nine months ended June 30, 2008.
  | 
  
 
  
     
    5.
  | 
     
    RELATED PARTY TRANSACTIONS
  | 
  
 
  
     | 
     
    During the three months and nine months ended June 30,
    2008 and for the period from June 15, 2007 (date of inception) to June 30, 2008, the
    President received $3,000, $9,000 and $9,000 respectively for his services as consultant
    to the Company.
  | 
  
 
  
     | 
     
    During the period from June 15, 2007 (date of inception) to June 30, 2008 the Director
    subscribed for 4,500,000 shares in the Company at $0.001 per share for a total amount of
    $4,500.
  | 
  
 
  
     | 
     
    As of June 30, 2008 and September 30, 2007, the amount due to a director was $1,192 and
    nil, respectively. The amount due to a director is unsecured, non-interest bearing and
    payable on demand.
  | 
  
 
  
     | 
     
    As of June 30, 2008 and September 30, 2007, there was a note payable to a major
    shareholder and director of the Company, in the amount of $8,000 and nil, respectively.
    The note payable is unsecured, interest at the rate of 10% per annum, and matures in March
    31, 2009.
  | 
  
 
12
  
    Item 2. MANAGEMENT'S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  | 
  
  
     
    As used in this Form 10-Q, references to the
    "Company," "we," "our" or "us" refer to Asiarim
    Corporation, unless the context otherwise indicates.
  | 
  
 
  
     
    Forward-Looking Statements | 
  
 
  
     
    This Current Quarterly Report contains
    forward-looking information. Forward-looking information includes statements relating to
    future actions, acceptance in the marketplace of our products, payment of our outstanding
    obligations, future performance, costs and expenses, interest rates, outcome of
    contingencies, financial condition, results of operations, liquidity, business strategies,
    cost savings, objectives of management, and other such matters of the Company. The Private
    Securities Litigation Reform Act of 1995 provides a "safe harbor" for
    forward-looking information to encourage companies to provide prospective information
    about themselves without fear of litigation so long as that information is identified as
    forward-looking and is accompanied by meaningful cautionary statements identifying
    important factors that could cause actual results to differ materially from those
    projected in the information.
  | 
  
 
  
     
    Forward-looking information may be included in this
    Current Quarterly Report or may be incorporated by reference from other documents filed
    with the Securities and Exchange Commission (the "SEC") by us. You can find many
    of these statements by looking for words including, for example, "believes,"
    "expects," "anticipates," "estimates" or similar expressions
    in this Current Quarterly Report or in documents incorporated by reference in this Current
    Quarterly Report. We undertake no obligation to publicly update or revise any
    forward-looking statements, whether as a result of new information or future events.
  | 
  
 
  
     
    We have based the forward-looking statements relating to our operations on management's
    current expectations, estimates, and projections about us and the industry in which we
    operate. These statements are not guarantees of future performance and involve risks,
    uncertainties and assumptions that we cannot predict. In particular, we have based many of
    these forward-looking statements on assumptions about future events that may prove to be
    inaccurate. Accordingly, our actual results may differ materially from those contemplated
    by these forward-looking statements. Any differences could result from a variety of
    factors, including, but not limited to general economic and business conditions,
    competition, and other factors.
  | 
  
 
13
  
    Overview  | 
  
  
     
    Asiarim Corporation, a Nevada Corporation, was formed
    on June 15, 2007. We are a development stage company, which have generated a modest
    revenue of $30,760 from incept to June 30, 2008. We were formed to be a business
    consulting firm with a mission to provide business consulting services (i.e. strategic
    business planning and management consulting, etc.) to small domestic companies as well as
    to assist "small to medium" sized
    companies in the Asia Pacific Region, particularly in China, to establish a business
    presence in the United States. The Company also provides a range of electronic document
    conversion (EDGARizing) service for companies and individuals that need to file
    periodically with the SEC EDGAR system.
  | 
  
 
  
     
    In general, our work and planned work is in two
    categories:
  | 
  
 
  
     
    Companies in North America
  | 
  
 
  
     
    Our target market for companies located in North America is very small to medium sized
    companies. We will not concentrate on any particular industry or limit ourselves to any
    geographic area. If necessary, we will team with other consultants if an engagement
    requires knowledge or resources that we do not have.
  | 
  
 
  
     
    We will work with these companies in several areas:
  | 
  
 
  
     
    *
  | 
     
    Establish or modify a basic business plan;
  | 
  
  
    *  | 
    Assist in
    developing a basic accounting system;  | 
  
  
    *  | 
    Develop a cost
    effective strategy to accomplish operating requirements;  | 
  
  
    *  | 
    Develop
    effective arrangements with vendors/subcontractors;  | 
  
  
    *  | 
    Assist in
    establishing a Web site and effective use of the Internet; and  | 
  
  
    *  | 
    Plan an
    advertising campaign.  | 
  
 
  
     
    We will seek North American clients from leads developed and referred from contacts of our
    President.
  | 
  
 
  
     
    Companies in the Asia Pacific Region
  | 
  
 
  
     
    We will seek clients through the business contacts of our President in the Asia Pacific
    Region (i.e. China, Hong Kong and Singapore, etc.). Our emphasis will be to assist these
    clients to establish an effective business presence in the United States so that they will
    be in a position to avail themselves of consumer and financial markets. In most cases, we
    are and will be a part of a team of independent contractors which, in total, can provide a
    wide range of services and knowledge to these clients. The team includes nationals from
    the native country to develop language and social comfort to the client.
  | 
  
 
14
  
    Our portion of the work
    will generally be to help clients clearly identify the goals that they want to achieve,
    assist them in establishing a budget to accomplish the identified tasks and then identify
    a team of experts to assist in the project. Throughout the project, we coordinate the
    efforts of team members, many of which we have identified and recommended to the client,
    and to keep all parties involved aware of the project's status. Our fees are earned by
    functioning in a team coordinator/leader role on these engagements in a manner similar to
    a general contractor.   | 
  
 
  
     
    We will earn revenues by charging our clients a consulting fee. The amount of our
    consulting fee and the terms of its payment will be negotiated with each client and will
    depend upon our agreement reached with each client. Accordingly, our consulting fees may
    differ from client to client, depending on the range and difficulty of the services
    provided to our client and other relevant factors. Additionally, our consulting fee may be
    charged as an hourly fee or as a flat fee per project. Generally, our consulting fee will
    be paid in cash or by check, but we may also accept payment of our consulting fee by the
    issuance to us of securities of our client, including common stock or preferred stock.
  | 
  
 
  
     
    Asiarim also provides US Securities and Exchange Commission (SEC) EDGAR document
    conversion (EDGARizing) service for companies and individuals that are required to submit
    periodical filings with the SEC EDGAR system.
  | 
  
 
  
     
    We will strive to offer our clients the most technological EDGAR filing methods available.
    Our EDGAR Filing Service will provide complete EDGAR conversion services and is available
    24 hours a day, 7 days a week. We will offer all aspects of EDGAR I and II (ASCII &
    HTML) conversion and filings. We will market our service by word of mouth or on our
    website at www.asiarim.net.
  | 
  
 
  
     
    We earn our revenues in accordance with our pre-set price schedule which is posted in our
    website. Our pricing is based on the usual market practice and we believe it is very
    competitive in the industry. Generally, our fee will be paid in cash or by check. Going
    forward, we will need to set up an online payment gateway to accept credit cards and debit
    cards, and payment gateways such as PAYPAL on our website. 
  | 
  
 
15
  
    Principal Markets and
    Marketing Strategy  | 
  
 
  
     
    We are currently developing a website, which will initially be used for marketing our
    EDGAR filing services. We have secured a URL address on the World Wide Web at www.asiarim.net. We anticipate that the website will be expanded to also promote our business
    consulting service and provide advice and information to small to medium size businesses
    in a community based format as well as offer users free information on current trends and
    events. We intend to develop our website to expand our services to provide assistance with
    business services and to provide information with respect to product development
    strategies, marketing strategies and risk management. We believe that the website could be
    developed to allow users to interact with other small businesses to obtain advice and
    services from other entrepreneurs. Our objective is to complete development of our website
    by the third quarter of 2008, subject to available resources.
  | 
  
 
  
     
    Our primary target market consists of small to medium sized companies, which have annual
    sales ranging from $10,000 to $2,500,000. We anticipate that we will market and promote
    our website on the Internet. Our marketing strategy is to promote our services and
    products and attract clients to our website. Our marketing initiatives are intended to
    include the following:
  | 
  
 
  
     
    *
  | 
     
    utilizing direct-response print advertisements placed primarily in small business,
    magazines and special interest magazines;
  | 
  
  
    *  | 
    links
    to industry focused websites;  | 
  
  
    *  | 
    presence
    at industry tradeshows; and  | 
  
  
    *  | 
    entering
    into relationships with other website providers to increase access to Internet business
    consumers.  | 
  
 
  
     
    Key elements of our growth strategy include the following:
  | 
  
 
  
     
    *
  | 
     
    create awareness of our services;
  | 
  
  
    *  | 
    develop
    our website;  | 
  
  
    *  | 
    develop
    relationships with clients; and  | 
  
  
    *  | 
    provide
    additional services for clients such as incorporation and translation services.  | 
  
 
  
     
    Many of the factors affecting our ability to generate internal growth may be beyond our
    control, and we cannot be certain that our strategies will be successful or that we will
    be able to generate cash flow sufficient to fund our operations and to support internal
    growth. Our inability to achieve internal growth could materially and adversely affect our
    business, financial condition and results of operations.
  | 
  
 
16
  
     
    The business consulting services industry is highly fragmented and competitive with
    limited barriers to entry. We believe that there are numerous firms that compete with us
    in our market, including small or single-office firms. Among those competitors, we rank
    near the bottom of the small or single-office firms because our operations are small. We
    believe that our primary competitors include small or single-office firms.
  | 
  
 
  
     
    While we compete with traditional providers of business consulting services, we will also
    compete with other Internet-based companies and businesses that have developed and are in
    the process of developing websites which will compete with the products developed and
    offered by us. Many of these competitors have greater financial and other resources, and
    more experience in research and development, than we have.
  | 
  
 
  
     
    We believe that the most important competitive factors in obtaining and retaining our
    targeted clients are an understanding of a customer's specific job requirements, the
    ability to provide qualified consultants in a timely manner and the quality and price of
    services. We expect ongoing vigorous competition and pricing pressure from national,
    regional and local providers. We cannot guarantee that we will be able to obtain market
    share or profitability.
  | 
  
 
17
  
     
    We have had modest revenues since our inception, June 15, 2007. Over the next twelve
    months, we intend to focus on our marketing efforts, which will be directed towards small
    to medium size businesses. During the three months period ended June 30, 2008, we have
    commenced operation by recruiting a part time consultant to handle many of our clerical
    and administrative works. We are also in the process of recruit senior managers to build
    up a small team to handle the transactions in the near future. We plan to set up branch
    offices in China initially and then to other Asian countries to build up a regional
    network.
  | 
  
 
  
     
    Our marketing strategy will be to promote our services and products on our website. We
    will first focus on finish developing our website at www.asiarim.net. Once complete,
    we anticipate that the website will be expanded to provide consultation information to
    small to medium size businesses and information on current industry and market trends. We
    intend to develop our website to expand our services to provide assistance with business
    services and to provide information with respect to product development strategies,
    marketing strategies and risk management. Subject to availability of resources, we plan to
    complete the development of our website in the third quarter of 2008.
  | 
  
 
  
     
    Our other marketing initiatives will include the marketing on the web and placement of
    print advertisements in small business, entrepreneurial magazines; and entering into
    relationships with other website providers to increase awareness of our consulting
    services to Internet business consumers.
  | 
  
 
  
     
    Once clients are secured, we intend to hire qualified consultants to work for us on
    specific projects on an "as needed" basis. In the event that we expand our
    business scope, then we may need to hire additional employees or independent contractors
    as well as purchase or lease additional office equipment.
  | 
  
 
  
     
    FOR THE THREE MONTHS AND NINE MONTHS PERIOD ENDED JUNE 30, 2008 AND FOR THE PERIOD FROM
    JUNE 15, 2007 (INCEPTION) TO JUNE 30, 2008
  | 
  
 
  
     
    REVENUES
  | 
  
  
     
    The Company has realized revenue of $21,372 for the three months period ended June 30,
    2008. The Company incurred a cost of revenue of $3,000, achieving a gross profit of
    $18,372 for the three months period ended June 30, 2008. We hope to generate additional
    revenue when we receive more contracts. 
    The Company realized revenue of $29,328 for
    the nine months period ended June 30, 2008. The Company incurred a cost of revenue of
    $9,000, achieving a gross profit of $20,328 for the nine months period ended June 30,
    2008.  
    For the period from June 15, 2007 (date of
    inception) to June 30, 2008, the Company realized revenue of $30,760, incurred a cost of
    revenue of $9,000 and achieved a gross profit of $21,760.  | 
  
 
  
     
    OPERATING EXPENSES
  | 
  
  
     
    For the three months period ended June 30, 2008, our gross profit was $18,372 and our
    total operating expenses were $1,483, all of which were selling, general and
    administrative expenses. We also had $200 in interest expenses. Our net profit to our
    shareholders for the three months period ended June 30, 2008 was $16,689. 
    For the nine months period ended June 30,
    2008, our gross profit was $20,328 and our total operating expenses were $13,909, all of
    which were selling, general and administrative expenses. We also had $200 in interest
    expenses. Our net profit to our shareholders for the nine months period ended June 30,
    2008 was $6,219.  
    For the period from June 15, 2007 (date of
    inception) to June 30, 2008, the accumulated gross profit was $21,760, the total operating
    expenses was $31,658 which was all selling, general and administrative expenses and had
    $200 in interest expenses and resulting in an accumulated net loss to our shareholders of
    $10,098.  | 
  
 
18
  
    Liquidity and Capital
    Resources  | 
  
 
  
     
    We do not have sufficient resources to effectuate our business. As of June 30, 2008, we
    had $2,852 in cash. We expect to incur a minimum of $50,000 in expenses during the next
    twelve months of operations. We estimate that this will be comprised of the following
    expenses: $5,000 in website development; $20,000 in other marketing expenses.
    Additionally, $25,000 will be needed for general overhead expenses such as for salaries,
    corporate legal and accounting fees, office overhead and general working capital.
  | 
  
 
  
     
    We may have to raise funds to pay for our expenses. We may have to borrow money from
    shareholders or issue debt or equity or enter into a strategic arrangement with a third
    party. There can be no assurance that additional capital will be available to us. We
    currently have no agreements, arrangements or understandings with any person to obtain
    funds through bank loans, lines of credit or any other sources. Since we have no such
    arrangements or plans currently in effect, our inability to raise funds for our operations
    will have a severe negative impact on our ability to remain a viable company.
  | 
  
 
  
     
    Going Concern Consideration
  | 
  
 
  
     
    The Company is a development stage company and has commenced the principal operations. The
    Company had modest revenues and incurred a net profit of $16,689 for the quarter ended
    June 30, 2008 and an accumulated net loss of $10,098 for the period from June 15, 2007
    (inception) to June 30, 2008. These factors raise substantial doubt about the Company' s
    ability to continue as a going concern. The Company' s ability to continue as a going
    concern must be considered in light of the problems, expenses and complications frequently
    encountered in emerging markets and the competitive environment in which the Company
    operates. The Company is pursuing financing for its operations. In addition the Company is
    seeking to expand its revenue base by adding new clients to our customer base. Failure to
    secure such financing, to raise additional equity capital and to expand its revenue base
    may result in the Company depleting its available funds and not being able to pay its
    obligations. These financial statements do not include any adjustment to reflect the
    possible future effects on the recoverability and classification of assets or the amount
    sand classification of assets or the amounts and classification of liabilities that may
    result from the possible inability of the Company to continue as a going concern.
  | 
  
 
19
  
    | Item 3. Quantitative and Qualitative
    Disclosures about Market Risk. | 
  
 
  
     
    Quantitative and Qualitative Disclosures about Market Risk: | 
  
 
  
     
    The Company is exposed to various market risks, including changes in interest rates.
    Market risk is the potential loss arising from adverse changes in market rates and prices,
    such as interest rates and foreign currency exchange rates. The Company does not enter
    into derivatives or other financial instruments for trading or speculative purposes. The
    Company also has not entered into financial instruments to manage and reduce the impact of
    changes in interest rates and foreign currency exchange rates, although we may enter into
    such transactions in the future.
  | 
  
 
  
     
    Off-Balance Sheet Arrangements:
  | 
  
 
  
     
    The Company has no off-balance sheet obligations nor guarantees and has not historically
    used special purpose entities for any transactions.
  | 
  
 
  
     
    Item 4. Controls and Procedures. | 
  
 
  
     
    Evaluation of Disclosure Controls and Procedures: | 
  
 
  
     
    Our disclosure controls and procedures are designed to ensure that information required to
    be disclosed in reports that we file or submit under the Securities Exchange Act of 1934
    is recorded, processed, summarized and reported within the time periods specified in the
    rules and forms of the United States Securities and Exchange Commission. Our principal
    executive and financial officer have reviewed the effectiveness of our "disclosure
    controls and procedures" (as defined in the
    Securities Exchange Act of 1934 Rules 13a-14(c) and 15d-14(c)) within the end of the
    period covered by this Quarterly Report on Form 10-Q and have concluded that the
    disclosure controls and procedures are effective to ensure that material information
    relating to the Company is recorded, processed, summarized, and reported in a timely
    manner. There were no significant changes in our internal controls or in other factors
    that could significantly affect these controls subsequent to the last day they were
    evaluated by our principal executive and financial officers.
  | 
  
 
  
     
    Changes in Internal Controls over Financial Reporting: | 
  
 
  
     
    There have been no changes in the Company's internal control over financial reporting
    during the last quarterly period covered by this report that have materially affected, or
    are reasonably likely to materially affect, the Company's internal control over financial
    reporting.
  | 
  
 
20
  
    PART II. OTHER
    INFORMATION  | 
  
 
  
     
    Item 1. Legal Proceedings.
  | 
  
 
  
     
    There are no pending legal proceedings to which the Company is a party or in which any
    director, officer or affiliate of the Company, any owner of record or beneficially of more
    than 5% of any class of voting securities of the Company, or security holder is a party
    adverse to the Company or has a material interest adverse to the Company. The Company's
    property is not the subject of any pending legal proceedings.
  | 
  
 
  
     
    Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
  | 
  
 
  
     
    Item 3. Defaults Upon Senior Securities.
  | 
  
 
  
     
    Item 4. Submission of Matters to a Vote of Security Holders.
  | 
  
 
  
     
    There was no matter submitted to a vote of security holders during the fiscal quarter
    ended June 30, 2008.
  | 
  
 
  
     
    Item 5. Other Information.
  | 
  
 
  
     
    Exhibit No.
  | 
     
    Description | 
  
  
     | 
     | 
  
  
    3.1  | 
    Articles of
    Incorporation (1) | 
  
  
     | 
     | 
  
  
    3.2  | 
    Bylaws (1) | 
  
  
     | 
     | 
  
  
    31.1  | 
    Rule
    13a-14(a)/15d14(a) Certification of Te Hwai Ho (Attached Hereto) | 
  
  
     | 
     | 
  
  
    31.2  | 
    Rule
    13a-14(a)/15d14(a) Certification of Te Hwai Ho (Attached Hereto) | 
  
  
     | 
     | 
  
  
    32.1  | 
    Section
    1350 Certifications (Attached Hereto)  | 
  
 
  
     
    1 | 
     
    Incorporated by reference to our Registration Statement on Form SB-2 filed with the SEC on
    November 7, 2007.
  | 
  
 
21
SIGNATURES
  
    In accordance with to
    requirements of the Exchange Act, the registrant caused this report to be signed on its
    behalf by the undersigned, thereunto duly authorized.  | 
  
 
  
     
     | 
     
    ASIARIM CORPORATION
  | 
  
  
     | 
     | 
     | 
  
  
     | 
    By:  | 
    /s/
    Te Hwai Ho  | 
  
  
     | 
    Name:  | 
    Te
    Hwai Ho  | 
  
  
     | 
    Title:  | 
    President,
    Treasurer, Secretary, and Director  | 
  
  
     | 
     | 
    (Principal
    Executive, Financial and  | 
  
  
     | 
     | 
    Accounting
    Officer)  | 
  
  
     | 
     | 
     | 
  
 
22
EXHIBIT 31.1
  
    Rule
    13a-14(a)/15d-14(a)  | 
  
  
    Certification
    of Chief Executive Officer and Chief Financial Officer of the Company 
    Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 
    and Securities and Exchange Commission Release 34-46427  | 
  
  
     | 
  
  
    I, Te Hwai Ho,
    certify that:  | 
  
  
     
    1. I have reviewed this quarterly report on Form 10-Q of Asiairm Corporation;
  | 
  
  
     
    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(s) 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)) for the small business issuer 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)  | 
    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  | 
  
  
    (c)  | 
    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 small business issuer's internal control over
    financial reporting.  | 
  
 
  
     
    5. 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. | 
  
  
     | 
     | 
  
  
    Dated: August 8, 2008 
    /s/ Te Hwai Ho 
    Te Hwai Ho 
    (Chief Financial Officer and Chief Executive Officer)  | 
  
 
EXHIBIT 32.1
 
CERTIFICATION 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 Asiarim Corporation a Nevada corporation (the
    "Company") on Form 10-Q for the nine months period ending June 30, 2008, as
    filed with the Securities and Exchange Commission on the date hereof (the
    "Report"), Te Hwai Ho, Chief Executive Officer and Chief Financial Officer of
    the Company, certifies to the best of his knowledge, pursuant to 18 U.S.C. ss. 1350, as
    adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:  | 
  
 
  
     | 
  
  
    (1)  | 
    The
    Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
    Exchange Act of 1934; and  | 
  
  
    (2)  | 
    The
    information contained in the Report fairly presents, in all material respects, the
    financial condition and result of operations of the Company.  | 
  
 
  
     
    A signed original of this written statement required by Section 906 has been provided to
    Asiarim Corporation, and will be retained by Asiarim Corporation and furnished to the
    Securities and Exchange Commission or its staff upon request. | 
  
  
     
     
    Dated: August 8, 2008 
    /s/ Te Hwai Ho 
    Te Hwai Ho 
    (Chief Financial Officer and Chief Executive Officer)  |