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

FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

For the quarterly period ended June 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 333-151485
----------

TheWebDigest Corp.
------------------
(Exact name of registrant as specified in its charter)

Florida 26-2569043
------- ----------
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)

5100 West Copans Road Ste 710 Margate, Florida 33063
- ---------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)

(954) 599-3672
--------------
(Registrant's telephone number, including area code)

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

Indicate by check mark whether the registrant 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 [ ] Smaller reporting company [X]
(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 [X] No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 9,000,000 shares as of August 6,
2009.

THEWEBDIGEST CORP.
FORM 10-Q
Quarter Ended June 30, 2009

Table of Contents

PAGE
PART I - FINANCIAL INFORMATION ----

Item 1 - Financial Statements ......................................... 3

Condensed Balance Sheets
June 30, 2009 (Unaudited) and December 31, 2008 .................... 3

Condensed Statements of Operations (Unaudited)
For the Three Months ended June 30, 2009............................ 4

Statement of Stockholders Equity
For the Period September 17, 2007 through June 30, 2009 ............ 5

Condensed Statements of Cash Flows (Unaudited)
For the Three Months Ended June 30, 2009 ........................... 6

Notes to the Condensed Financial Statements (Unaudited) ............ 7

Item 2 - Management's Discussion and Analysis or Plan of Operation
Financial Condition and Results of Operations ................ 13

Item 4 - Controls and Procedures ...................................... 14

PART II - OTHER INFORMATION

Item 6 - Exhibits ..................................................... 16

Signatures ................................................................ 17

ITEM 1. FINANCIAL STATEMENTS

The quarterly financial statements for the period ended June 30, 2009, prepared
by the company, immediately follow.

TheWebDigest Corp.
(A Development Stage Company)
BALANCE SHEET
As of June 30, 2009 and December 31, 2008

June 30, December 31,
2009 2008
-------- ------------
ASSETS
CURRENTS ASSETS
Cash ........................................... $ - $ -

TOTAL CURRENT ASSETS ............................. - -

-------- --------
TOTAL ASSETS ..................................... $ - $ -
======== ========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Accrued Liabilities ............................ $ 2,500 $ 1,500
Accounts Payable ............................... 15,469 469
Payable to Stockholder ......................... 4,842 1,942
-------- --------
TOTAL CURRENT LIABILITIES .................... $ 22,811 $ 3,911

TOTAL LIABILITIES ................................ 22,811 3,911

STOCKHOLDERS' DEFICIT
Common stock: par value $.001;
100,000,000 shares authorized;
9,000,000 shares issued and outstanding ...... 9,000 9,000
Additional paid in capital ....................... - -
Deficit accumulated during the development stage . (31,811) (12,911)
-------- --------
TOTAL STOCKHOLDERS' DEFICIT .................. (22,811) (3,911)

-------- --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT ...... $ - $ -
======== ========

The accompanying notes are an integral part of these financial statements.

TheWebDigest Corp.
(A Development Stage Company)
STATEMENT OF OPERATIONS
For the 3 Months Ended June 30, 2009 and the Year Ended December 31, 2008
from September 17, 2007 (Date of Inception) to June 30, 2009

Cumulative Amount Cumulative Amount
from from
For the 3 September 17, 2007 September 17, 2007
Months Ended (inception) to (inception) to
June 30, 2009 December 31, 2008 June 30, 2009
------------- ------------------ ------------------

REVENUES
Sales ........................... $ - $ - $ -
Cost of Sales ................... - - -
----------- ----------- -----------
Gross profit ................. - - -

OPERATING EXPENSES
Administrative and General ...... 500 4,142 5,642
Legal and Accounting Expense .... 2,000 8,769 10,769
Web Design and Development ...... 400 - 15,400
----------- ----------- -----------
TOTAL OPERATING EXPENSES ..... 2,900 12,911 31,811
----------- ----------- -----------

Loss from operations .............. (2,900) (12,911) (31,811)
----------- ----------- -----------

OTHER INCOME

TOTAL OTHER INCOME ........... - - -
----------- ----------- -----------

NET OPERATING INCOME (LOSS)
BEFORE INCOME TAXES .............. (2,900) (12,911) (31,811)

PROVISION FOR INCOME TAXES ........ - - -
----------- ----------- -----------
NET INCOME (LOSS) ................. $ (2,900) $ (12,911) $ (31,811)
=========== =========== ===========

Net Loss Per Common Share ......... ** ** -
Basic and fully diluted ........... (0.000) (0.001) (0.003)

WEIGHTED AVERAGE SHARES OUTSTANDING 9,000,000 9,000,000 9,000,000

The accompanying notes are an integral part of these financial statements.

TheWebDigest Corp.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
From September 17, 2007 (Date of Inception) thru March 31, 2009

Common Stock Additional Retained
Par Value of $0.001 Paid-in Earnings
Shares Amount Capital (Deficit) Total
- -------------------------------- --------- ------ ---------- --------- ---------

Balance at September 17, 2007
(date of inception) ........... - $ - $ - $ - $ -
Common stock issued at
September 30, 2007 ............ 9,000,000 9,000 - - 9,000
Net loss from September 17, 2007
thru March 31, 2009 ........... - - - (28,911) (28,911)
--------- ------ ---------- --------- ---------
Balance at March 31, 2009 ...... 9,000,000 $9,000 $ - $ (28,911) $ (19,911)
Net Loss for 3 months ending
June 30, 2009 ................. - - - (2,900) -
--------- ------ ---------- --------- ---------
Balance at June 30, 2009 ....... 9,000,000 $9,000 - $ (31,811) $ (22,811)

The accompanying notes are an integral part of these financial statements.

TheWebDigest Corp.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
From September 17, 2007 (Date of Inception) thru June 30, 2009

CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) .......................... $ (2,900) $ (12,911) $(31,811)
Adjustment to reconcile net loss to
Net cash used in operations:
Issuance of Common Stock for Services .... - - -
Forgiveness of shareholder payable ....... - - -
Changes in operating assets and liabilities:
Accounts Payable, accrued liabilities and
stockholder's payable ................... 2,900 12,911 31,811

--------- --------- --------
NET CASH USED IN OPERATIONS .................. - - -
--------- --------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in payable to stockholder ......... - - -
Inssuance of common stock .................. - - -
--------- --------- --------
Net cash provided by financing activities .... - - -
--------- --------- --------

--------- --------- --------
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS ............................ - - -
--------- --------- --------

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD - - -
--------- --------- --------

CASH AND CASH EQUIVALENTS, END OF PERIOD ..... $ - $ - $ -
========= ========= ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION
Cash pain for interest ..................... - - -
========= ========= ========
Cash paid for income taxes ................. - - -
========= ========= ========

The accompanying notes are an integral part of these financial statements.

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 1 ORGANIZATION

THEWEBDIGEST CORP. (a development stage enterprise) (the Company) was
formed on September 17, 2007 in the State of Florida. The Company's activities
to date have been primarily directed towards the raising of capital and seeking
business opportunities.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation - Development Stage Company
- -------------------------------------------------

The Company has not earned any revenue from operations. Accordingly,
the Company's activities have been accounted for as those of a "Development
Stage Enterprise" as set forth in Financial Accounting Standards Board Statement
No. 7 ("SFAS 7"). Among the disclosures required by SFAS 7 are that the
Company's financial statements be identified as those of a development stage
company, and that the statements of operations, stockholders' equity and cash
flows disclose activity since the date of the Company's inception.

Accounting Method
- -----------------

The Company's financial statements are prepared using the accrual
method of accounting. The Company has elected a fiscal year ending on December
31.

Income Taxes
- ------------

The Company accounts for income taxes under the Financial Accounting
Standards Board (FASB) Statement No. 109, ("Accounting for Income Taxes"
"Statement 109"). Under Statement 109, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement 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
Statement 109, the effect on deferred tax assets and liabilities of a change in
tax rates is recognized in income in the period that includes the enactment
date. There were no current or deferred income tax expense or benefits due to
the Company not having any material operations for the period ended December 31,
2007.

Cash Equivalents
- ----------------

The Company considers all highly liquid investments with a maturity of
three months or less when purchased to be cash equivalents.

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-CONT'D

Estimates
- ---------

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America 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.

Determination of fair values involves subjective judgment and estimates
not susceptible to substantiation by auditing procedures. Accordingly, under
current auditing standards, the notes to our financial statements will refer to
the uncertainty with respect to the possible effect of such valuations, and any
change in such valuations, on our financial statements.

Research and development costs
- ------------------------------

Research and development costs are expensed as incurred. Accordingly,
for the period ending June 30, 2009, $400 was expensed.

Basic Loss Per Common Share
- ---------------------------

Basic loss per common share has been calculated based on the weighted
average number of shares outstanding during the period after giving retroactive
effect to stock splits. There are no dilutive securities at June 30, 2009 for
purposes of computing fully diluted earnings per share.

Share-Based Payments
- --------------------

The Company adopted Statement of Financial Accounting standards
("SFAS") No. 123 (Revised December 2004), "Share-Based Payment" (SFAS No. 123R),
which requires the measurement and recognition of compensation expense for all
share-based payment awards made to employees and directors, including stock
options, employee stock purchases related to an employee stock purchase plan and
restricted stock units based on estimated fair values of the awards over the
requisite employee service period. SFAS No. 123R supersedes Accounting
Principles Board Opinion No. 25 ("APB No. 25"), "Accounting for Stock Issued to
Employees", which the company previously followed in accounting for stock-base
awards. In March 2005, the SEC issued Staff Bulletin No. 107("SAB No. 107"), to
provide guidance on SFAS 123R. The Company has applied SAB No. 107 in its
adoption of SFAS No. 123R.

Under SFAS No. 123R, stock-base compensation cost is measured at the
grant date, based on the estimated fair value of the award, and is recognized on
a straight-line basis as expense over the employee's requisite service period.
The Company adopted the provisions of SFAS 123R in its fiscal year ended
December 31, 2007, using the modified prospective application method.

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-CONT'D

Share-Based Payments
- --------------------

The valuation provisions of SFAS 123R apply to new awards and to awards
that are outstanding on the effective date (or date of adoption) and
subsequently modified or cancelled; prior periods are not revised for
comparative purposes. Estimated compensation expense for awards outstanding on
the effective date will be recognized over the remaining service period using
the compensation cost calculated for pro forma disclosure under FASB Statement
No. 123, "Accounting for Stock-Based Compensation".

Fair value of Financial Instruments
- -----------------------------------

Financial instruments consist principally of cash, trade and related
party payables, accrued liabilities, short-term obligations and notes payable.
The carrying amounts of such financial instruments in the accompanying balance
sheets approximate their fair values due to their relatively short-term nature.
It is management's opinion that the Company is not exposed to any significant
currency or credit risks arising from these financial instruments.

Related Parties
- ---------------

Related parties, which can be a corporation, individual, investor or
another entity are considered to be related if the party has the ability,
directly or indirectly, to control the other party or exercise significant
influence over the Company in making financial and operating decisions.
Companies are also considered to be related if they are subject to common
control or common significant influence. The Company has these relationships.

New Accounting Pronouncements

In May 2008, the FASB released SFAS No. 162, "The Hierarchy of Generally
Accepted Accounting Principles." SFAS No. 162 identifies the sources of
accounting principles and the framework for selecting the principles used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles in the
United States of America. SFAS No. 162 will be effective 60 days following the
SEC's approval of the PCAOB amendments to AU Section 411, "The Meaning of
Present Fairly in Conformity With Generally Accepted Accounting Principles." The
Company does not believe SFAS No. 162 will have a significant impact on the
Company's financial statements.

In April 2009, the FASB issued FSP 107-1, "Interim Disclosures about Fair Value
of Financial Instruments" ("FSP 107-1"), which requires disclosures about fair
value of financial instruments for interim reporting periods of publicly traded
companies as well as in annual financial statements. FSP 107-1 also amends APB

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-CONT'D

Opinion No. 28, "Interim Financial Reporting", to require those disclosures in
summarized financial information at interim reporting. FSP 107-1 is effective
for interim reporting periods ending after June 15, 2009, with early adoption
permitted for periods ending after March 15, 2009. The Company is currently
evaluating the potential impact of FSP 107-1 on its consolidated financial
statement presentation and disclosures.

In May 2009, the FASB issued SFAS No. 165, "Subsequent Events" (SFAS No. 165).
SFAS No. 165 establishes standards for accounting for and disclosing subsequent
events (events which occur after the balance sheet date but before financial
statements are issued or are available to be issued). SFAS No. 165 requires an
entity to disclose the date subsequent events were evaluated and whether that
evaluation took place on the date financial statements were issued or were
available to be issued. This standard is effective for interim and annual
periods ending after June 15, 2009. The adoption of SFAS No. 165 did not have a
material impact on the Company's financial condition or results of operations.
For the quarterly period ended June 30, 2009, the Company has considered
subsequent events through July 31, 2009, which is the date its consolidated
condensed financial statements were filed with the Securities and Exchange
Commission on Form 10-Q.

In June 2009, the FASB issued SFAS 167, "Amendments to FASB Interpretation No.
46(R)", which changes the approach to determining the primary beneficiary of a
variable interest entity ("VIE") and requires companies to more frequently
assess whether they must consolidate VIEs. This new standard is effective for us
beginning on January 1, 2010. The Company is currently assessing the potential
impacts, if any, on our consolidated condensed financial statements and
disclosures.

Management does not believe that any other recently issued, but not yet
effective, accounting standards or pronouncements, if currently adopted, would
have a material effect on the Company's financial statements.

NOTE 3 GOING CONCERN

The Company's financial statements are prepared using accounting
principles generally accepted in the United States of America applicable to a
going concern that contemplates the realization of assets and liquidation of
liabilities in the normal course of business. The Company has not established
any source of revenue to cover its operating costs. The Company will engage in
very limited activities without incurring any liabilities that must be satisfied
in cash until a source of funding is secured. The Company will offer noncash
consideration and seek equity lines as a means of financing its operations.

If the Company is unable to obtain revenue producing contracts or
financing or if the revenue or financing it does obtain is insufficient to cover
any operating losses it may incur, it may substantially curtail or terminate its
operations or seek other business opportunities through strategic alliances,
acquisitions or other arrangements that may dilute the interests of existing
stockholders.

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 4 INCOME TAXES

Deferred tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
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 reverse. The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in the statement of
operations in the period that includes the enactment date.

There is no provision for income taxes due to continuing losses. At
June 30, 2009, the Company has net operating loss carryforwards for tax purposes
of approximately $32,000, which expires through 2029. The Company has recorded a
valuation allowance that fully offsets deferred tax assets arising from net
operating loss carryforwards because the likelihood of the realization of the
benefit cannot be established. The Internal Revenue Code contains provisions
that may limit the net operating loss carryforwards available if significant
changes in stockholder ownership of the Company occur.

NOTE 5 RELATED PARTY TRANSACTIONS

On September 30, 2007, the company entered into a subscription
agreement with Mr. Steven Adelstein, its sole shareholder and officer for the
amount of $9,000. Under the terms and conditions of the subscription agreement,
the Company will be advanced cash and cash equivalents as required to pay
operating expenses. The Company issued 9,000,000 common shares as consideration
for this subscription agreement. As of December 31, 2008 the Company has been
advanced all $9,000.

From time to time, the company borrows from Steven Adelstein, its Sole
Shareholder and Officer, funds to operate in a normal course of business.
Accordingly, at June 30, 2009, the company has borrowed $4,842.

The Company does not lease or rent any property. Office space and
services are provided without charge by a director and 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.

NOTE 6 EQUITY

THEWEBDIGEST CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FROM INCEPTION (SEPTEMBER 17, 2007) THROUGH JUNE 30, 2009

NOTE 7 INDEPENDENT CONTRACTOR

The company has entered into an agreement with an independent
contractor to produce and develop the initial five (5) domain names as
informational web sites for a total amount of $30,000. The initial payment of
$15,000 is due March 31, 2009 or within thirty (30) days of the company's Form
S-1 as filed with the Securities and Exchange Commission becomes effective,
whichever is latter. At June 30, 2009, the company's filing with the Securities
and Exchange Commission had not become effective and therefore this payment is
classified for financial presentation as an account payable of $15,000. The
balance to contractor is six (6) months after the initial payment is paid. The
independent contractor has agreed to complete the initial five (5) web sites for
beta testing within thirty (30) days of the company's filing with the Securities
and Exchange Commission becomes effective.

NOTE 8 INTELLECTUAL PROPERTIES

The company owns in excess of 175 domain names having different subject
matters within each specific domain name. The company is currently developing
five (5) domain names for informational web portals. It is the company's policy
to expense all costs related to research and development as these web portals
are produced and developed. 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.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

TheWebDigest Corp. has provided the following information concerning the company
and its business for inclusion in this quarterly report. This information
contains statements that constitute "forward looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any
statements that express or involve discussions with respect to predictions,
business strategy, budgets, development opportunities or projects, the expected
timing of transactions or their expectations, beliefs, plans, objectives,
assumptions or future events or performance are not statements of historical
fact and may be "forward-looking statements".

Forward-looking statements are based on expectations, estimates and projections
at the time the statements are made that involve a number of known and unknown
risks and uncertainties which could cause actual results or events to differ
materially from those anticipated by TheWebDigest Corp.

COMPANY HISTORY

We are a development stage Company incorporated in September 2007 to establish
ourselves as internet informational portals. We intend to develop and market our
web portals and sell sponsorship rights through various marketing and
advertising procurement channels throughout the United States and foreign
territories. The Company business plan provides for each web portal to have five
(5) individual sponsors that pay an annual fee (to be established as our
marketing program develops) for a rotating sponsorship banner displayed on our
web portal including a hyperlink to the sponsors web site. Our individual web
portals, as developed, contain information specific to the subject matter as
described in each web domain. The sponsorships obtained by us will have a direct
relationship to the specific subject matter that they sponsor. For example, if
our web portal is the www.thediabeticdigest.com, the sponsor will have a direct
correlation to diabetes and accordingly, the web portal will have informational
data specifically for the same subject matter - mainly diabetes. Emphasis will
be placed on the following types of subjects to develop each web portal on a
specific content matter that directly refers to the web domain name (for
example. Diabetes - www.TheDiabeticDigest.com; arthritis -
www.thearthritisdigest.com; vitamins--www.thevitamindigest.com; podiatry -
www.thepodiatrydigest.com., etc.) These are just a few of the intended domain
names in our line of offerings to be developed.

Through June 30, 2009 we had losses from inception (September 17, 2007) of
$31,811. We raised the cash amounts used in these activities from our officer
and accruing a liability with our independent contractor. At August 6, 2009, we
had $0 cash on hand and $0 revenues. For the year ended December 31, 2008, we
had $0 revenues and have losses of $31,811. Our auditors have expressed
substantial doubt about our ability to continue as a going concern. Our
financial statements have been prepared assuming that we will continue as a
going concern.

PLAN OF OPERATION

This section of the prospectus includes a number of forward-looking statements
that reflect our current views with respect to future events and financial
performance. Forward-looking statements are often identified by words like:
"believe", "expect", "estimate", "anticipate", "intend", "project" and similar
expressions, or words which, by their nature, refer to future events. You should
not place undue certainty on these forward-looking statements, which apply only
as of the date of this prospectus. These forward-looking statements are subject
to certain risks and uncertainties that could cause actual results to differ
materially from historical results or our predictions.

We are a development stage company organized to market web portals on the
internet.

We have not yet generated or realized any revenues from business operations. Our
auditors have issued a going concern opinion. This means there is substantial
doubt that we can continue as an on-going business for the next twelve (12)
months unless we obtain additional capital to pay our bills. This is because we
have not generated any revenues and no revenues are anticipated until we begin
marketing our products to customers. Accordingly, we must raise cash from
sources other than revenues generated such as from the proceeds of loans we
undertake.

From inception (November 15, 2008) to June 30, 2009, the company's business
operations have primarily been focused on developing our business plan and
market research.

GOING CONCERN

Our auditor has issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital to pay our bills. This is
because we have not generated revenues and no revenues are anticipated until we
begin our website and start selling visual content images.

RESULTS OF OPERATIONS

We are still in our development stage and have generated no revenues to date.

We incurred operating expenses of ($2,900) for the three months ended June 30,
2009. These expenses consisted of development, general operating expenses and
professional fees incurred in connection with the day to day operation of our
business and the preparation and filing of our reports with the Securities and
Exchange Commission. Our net losses from inception through June 30, 2009 were
($31,811). As we were incorporated on November 15, 2008, there are no
comparative figures to previous years.

LIQUIDITY AND CAPITAL RESOURCES

We are a development stage company and have generated no revenue to date. At
June 30, 2009 our cash in the bank was $0.

Our auditor has issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital to pay our bills. This is
because we have not generated revenues and no revenues are anticipated until We
begin our website and start selling visual content images.

ITEM 4. CONTROLS AND PROCEDURES

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange
Act of 1934 as a process designed by, or under the supervision of, the company's
principal executive and principal financial officers and effected by the
company's board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America and
includes those policies and procedures that:

- Pertain to the maintenance of records that in reasonable detail
accurately and fairly reflect the transactions and dispositions of the
assets of the company;

- Provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance
with accounting principles generally accepted in the United States of
America and that receipts and expenditures of the company are being
made only in accordance with authorizations of management and directors
of the company; and

- Provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of the company's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. All internal control systems,
no matter how well designed, have inherent limitations. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Because of the
inherent limitations of internal control, there is a risk that material
misstatements may not be prevented or detected on a timely basis by internal
control over financial reporting. However, these inherent limitations are known
features of the financial reporting process. Therefore, it is possible to design
into the process safeguards to reduce, though not eliminate, this risk.

As of June 30, 2009 management assessed the effectiveness of our internal
control over financial reporting based on the criteria for effective internal
control over financial reporting established in Internal Control--Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission ("COSO") and SEC guidance on conducting such assessments. Based on
that evaluation, they concluded that, during the period covered by this report,
such internal controls and procedures were not effective to detect the
inappropriate application of US GAAP rules as more fully described below. This
was due to deficiencies that existed in the design or operation of our internal
controls over financial reporting that adversely affected our internal controls
and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that our management
considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee due
to a lack of a majority of independent members and a lack of a majority of
outside directors on our board of directors, resulting in ineffective oversight
in the establishment and monitoring of required internal controls and
procedures; (2) inadequate segregation of duties consistent with control
objectives; and (3) ineffective controls over period end financial disclosure
and reporting processes. The aforementioned material weaknesses were identified
by our Sole Officer in connection with the review of our financial statements as
of June 30, 2009.

Management believes that the material weaknesses set forth in items (2) and (3)
above did not have an effect on our financial results. However, management
believes that the lack of a functioning audit committee and the lack of a
majority of outside directors on our board of directors results in ineffective
oversight in the establishment and monitoring of required internal controls and
procedures, which could result in a material misstatement in our financial
statements in future periods.

MANAGEMENT'S REMEDIATION INITIATIVES

In an effort to remediate the identified material weaknesses and other
deficiencies and enhance our internal controls, we have initiated, or plan to
initiate, the following series of measures:

We will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to us. And, we plan to
appoint one or more outside directors to our board of directors who shall be
appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required
internal controls and procedures such as reviewing and approving estimates and
assumptions made by management when funds are available to us.

Management believes that the appointment of one or more outside directors, who
shall be appointed to a fully functioning audit committee, will remedy the lack
of a functioning audit committee and a lack of a majority of outside directors
on our Board.

We anticipate that these initiatives will be at least partially, if not fully,
implemented by December 31, 2009. Additionally, we plan to test our updated
controls and remediate our deficiencies by December 31, 2009.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There was no change in our internal controls over financial reporting that
occurred during the period covered by this report, which has materially
affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.

PART II - OTHER INFORMATION

ITEM 6. EXHIBITS

Exhibit No. Description
- ----------- -----------

3.1 Articles of Incorporation*

3.2 Bylaws*

31.1 Certification of Principal Executive Officer and Principal
Financial and Accounting Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002

32.1 Certification of Principal Executive Officer and Principal
Financial and Accounting Officer pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
__________

* Incorporated by reference, please see our Registration Statement on Form S-1
(file number 333-151485) on the website at www.sec.gov

SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf in Margate, FL, by the undersigned, thereunto duly authorized.

TheWebDigest Corp.
(Registrant)

August 14, 2009 By: /s/ Steven Adelstein
------------------------
Steven Adelstein, President, Director,
Principal Executive Officer and
Principal Financial and Accounting Officer