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

FORM 10–Q

(Mark One)

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

For the quarterly period ended: September 30, 2009

£ 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: 000-32433

BUSINESS DEVELOPMENT SOLUTIONS, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware	84-1300072
(State or other jurisdiction of incorporation	(I.R.S. Employer Identification No.)
or organization)

c/o Suzhou EZTripMart Business Services Co., Ltd.
15/F, 200 Taicang Rd., Shanghai, 200020
People’s Republic of China
(Address of principal executive offices, Zip Code)

+86-21-6328-4904
(Registrant’s telephone number, including area code)

20/F, 200 Taicang Rd., Shanghai, 200020
People’s Republic of China
(Former name, former address and former fiscal year, if changed since last report)

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 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 £ No £

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

Large accelerated filer £	Accelerated filer £
Non-accelerated filer £ (Do not check if a smaller reporting company)	Smaller reporting company Q

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

The number of shares outstanding of each of the issuer’s classes of common stock, as of November 16, 2009 is as follows:

Class of Securities		Shares Outstanding
Common Stock, $0.00001 par value		16,110,150

BUSINESS DEVELOPMENT SOLUTIONS, INC.

Quarterly Report on FORM 10-Q
Three and Nine Months Ended September 30, 2009

TABLE OF CONTENTS

PART I
FINANCIAL INFORMATION

Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	37
Item 4.	Controls and Procedures	37

PART II
OTHER INFORMATION

Item 1.	Legal Proceedings	38
Item 1A.	Risk Factors	38
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	38
Item 3.	Defaults Upon Senior Securities	38
Item 4.	Submission of Matters to a Vote of Security Holders	38
Item 5.	Other Information	38
Item 6.	Exhibits	39

PART I
FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

Filed herewith are:

		Pages

(1)	Condensed consolidated financial statements of Business Development Solutions, Inc., its subsidiaries and Shanghai EZTripMart Travel Agency Co., Ltd., our variable interest entity, for the quarterly periods ended September 30, 2009 and 2008; and	2 – 19

(2)	Pro forma condensed combined financial information of Business Development Solutions, Inc., its subsidiaries and Shanghai EZTripMart Travel Agency Co., Ltd., our variable interest entity, for the nine months ended September 30, 2009 and 2008.	20 – 26

Business Development Solutions, Inc.

Condensed Consolidated Financial Statements (Unaudited)
For the three and nine months ended
September 30, 2009 and 2008
(Stated in US dollars)

Business Development Solutions, Inc
Condensed Consolidated Financial Statements (Unaudited)
For the three and nine months ended September 30, 2009 and 2008

Index to Condensed Consolidated Financial Statements

	Pages

Condensed Consolidated Balance Sheets as of September 30, 2009 (Unaudited) and December 31, 2008	4

Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2009 and 2008 (Unaudited)	5

Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2009 and 2008 (Unaudited)	6

Notes to Condensed Consolidated Financial Statements for the periods ended September 30, 2009 and 2008 (Unaudited)	7 – 19

Business Development Solutions, Inc.
Condensed Consolidated Balance Sheets
As of September 30, 2009 and December 31, 2008

	*September 30,*		*December 31,*
	*2009*		*2008*
	*(Unaudited)*
ASSETS	*US$*		*US$*

Current assets
Cash and cash equivalents	100,905		27,715
Trade receivables	1,318,612		-
Other receivables, deposits and prepayment (Note 3)	874,803		567,312

Total current assets	2,294,320		595,027
Intangible assets, net (Note 4)	2,250,556		1,542,137
Property and equipment, net (Note 5)	565,339		-

Total assets	5,110,215		2,137,164

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current liabilities
Trade payables	56,940		-
Other payables and accruals (Note 6)	1,491,186		522,514
Amount due to the stockholder (Note 10(a))	2,061,102		1,827,895
Note payable to stockholder (with accrued interest) (Note 10(b))	161,938		-

Total liabilities	3,771,166		2,350,409

Commitments and contingencies (Note 9)

Stockholders’ equity (deficit)
Preferred stock, US$0.00001 par value:
Authorized 20,000,000 shares, none issued and outstanding	-		-
Common stock, US$0.00001 par value:
Authorized 500,000,000 shares in 2009 and 2008,
issued and outstanding 16,110,150 shares in 2009
and 14,200,000 shares in 2008	161		142
Additional paid-in capital	9,839		9,858
Accumulated other comprehensive income	35,331		31,945
Accumulated deficit	(1,387,378	)	(255,190	)

Total stockholders’ deficit of Business Development Solutions, Inc.	(1,342,047	)	(213,245	)
Non-controlling interest in variable interest entity (Note 2)	2,681,096		-

Total equity (deficit)	1,339,049		(213,245	)

Total liabilities and stockholders’ equity	5,110,215		2,137,164

See accompanying notes to condensed consolidated financial statements.

Business Development Solutions, Inc.
Condensed Consolidated Statements of Operations and Comprehensive Loss
For the three and nine months ended September 30, 2009 and 2008 (Unaudited)

	*Three months ended*				*Nine months ended*
	*September 30,*				*September 30,*
	*2009*		*2008*		*2009*		*2008*
	*US$*		*US$*		*US$*		*US$*

Revenue	801,925		-		951,675		-

Operating expenses
Selling expenses	24,447		-		43,951		-
General and administrative expenses	861,249		124,307		1,638,483		141,837

Total operating expenses	885,696		124,307		1,682,434		141,837

Net operating loss	(83,771	)	(124,307	)	(730,759	)	(141,837	)
Financial expenses	(5,512	)	-		(17,130	)	-
Other operating income	384		-		909		5

Loss before income taxes	(88,899	)	(124,307	)	(746,980	)	(141,832	)
Income taxes (Note 7)	-		-		-		-

Net loss	(88,899	)	(124,307	)	(746,980	)	(141,832	)

Other comprehensive income
Foreign currency translation adjustment	5,433		35,405		3,386		35,401

Total comprehensive loss	(83,466	)	(88,902	)	(743,594	)	(106,431	)

Loss per share (Note 8)
Basic and diluted	(0.01	)	(0.01	)	(0.05	)	(0.01	)

Weighted average number of outstanding shares	16,110,150		14,200,000		15,494,424		14,200,000

See accompanying notes to condensed consolidated financial statements.

Business Development Solutions, Inc.
Condensed Consolidated Statement of Cash Flows
For the nine months ended September 30, 2009 and 2008

	*Nine months ended September 30,*
	*(Unaudited)*
	*2009*		*2008*
	*US$*		*US$*
Cash flows from operating activities
Net loss	(746,980	)	(141,832	)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities :-
Depreciation and amortization	284,860		-
Changes in operating assets and liabilities :-
Trade receivables	(15,836	)	-
Other receivables, deposits and prepayment	(199,196	)	124,288
Trade payables	34,603		-
Other payables and accruals	788,938		-

Net cash provided by (used in) operating activities	146,389		(17,544	)

Cash flows from investing activities
Payment for acquisition of property and equipment	(423,379	)	-
Payment and deposit for acquisition of intangible assets	(27,326	)	(1,985,958	)
Cash acquired from RTO	256		-
Cash from variable interest entity	318,004		-

Net cash used in investing activities	(132,445	)	(1,985,958	)

Cash flows from financing activities
Advance from a shareholder	54,937		2,008,649
Interest accrued on note payable to stockholder	4,060		-
Proceeds of short-term loan from financial institution	733,150		-
Repayment of short-term loan from financial institution	(733,150	)	-
Issue of common stock	-		9,000

Net cash provided by financing activities	58,997		2,017,649

Effect of exchange rate changes on cash and cash equivalents	249		8,968

Net increase in cash and cash equivalents	73,190		23,115

Cash and cash equivalents, beginning of period	27,715		4,664

Cash and cash equivalents, end of period	100,905		27,779

Supplemental cash flow information

Cash paid for income taxes	-		-

Cash paid for interest	-		-

Non-cash transaction
Issue of 14,200,000 shares of common stock for RTO	142		-

See accompanying notes to condensed consolidated financial statements.

Business Development Solutions, Inc. 10-Q